LABEEUW: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
LABEEUW
Largest movements
- Tangible fixed assets +€25,854
up €25,854 (+7.2%), from €358,360 to €384,214
of which Furniture and vehicles: +€41,936
- Cash -€10,689
down €10,689 (-59.7%), from €17,900 to €7,211
mainly Investment in fixed assets (net) (-€51,614) and Trade debts (-€5,718)
- Debts after one year +€14,930
up €14,930 (+7.9%), from €189,740 to €204,670
of which Financial debts: +€19,047
- Short-term financial debts +€11,897
up €11,897 (+34.0%), from €34,950 to €46,847
- Trade debts -€5,718
down €5,718 (-61.3%), from €9,330 to €3,612
- Gross operating margin -€30,155
down €30,155 (-45.8%), from €65,888 to €35,733
- Financial charges -€5,575
down €5,575 (-57.1%), from €9,760 to €4,185
- Depreciation +€3,541
up €3,541 (+15.9%), from €22,219 to €25,760
- Other operating charges -€1,418
down €1,418 (-20.6%), from €6,886 to €5,469
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €538,867 | €555,086 | +€16,219 | +3.0% |
| Fixed assets | 21/28 | €358,360 | €384,214 | +€25,854 | +7.2% |
| Tangible fixed assets | 22/27 | €358,360 | €384,214 | +€25,854 | +7.2% |
| Land and buildings | 22 | €347,337 | €331,528 | -€15,810 | -4.6% |
| Plant, machinery and equipment | 23 | €765 | €492 | -€272 | -35.6% |
| Furniture and vehicles | 24 | €10,258 | €52,194 | +€41,936 | +408.8% |
| Current assets | 29/58 | €180,507 | €170,873 | -€9,635 | -5.3% |
| Stocks and contracts in progress | 3 | €150,938 | €152,465 | +€1,527 | +1.0% |
| Stocks | 30/36 | €150,938 | €152,465 | +€1,527 | +1.0% |
| Amounts receivable within one year | 40/41 | €8,059 | €8,691 | +€632 | +7.8% |
| Trade receivables | 40 | €8,059 | €8,691 | +€632 | +7.8% |
| Cash at bank and in hand | 54/58 | €17,900 | €7,211 | -€10,689 | -59.7% |
| Deferred charges and accrued income | 490/1 | €3,611 | €2,506 | -€1,105 | -30.6% |
| Total equity and liabilities | 10/49 | €538,867 | €555,086 | +€16,219 | +3.0% |
| Equity | 10/15 | €282,962 | €283,418 | +€456 | +0.2% |
| Contributions | 10/11 | €7,608 | €7,608 | = | 0.0% |
| Reserves | 13 | €337,298 | €337,298 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,340 | €3,340 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,340 | €3,340 | = | 0.0% |
| Tax-exempt reserves | 132 | €49,750 | €49,750 | = | 0.0% |
| Distributable reserves | 133 | €284,208 | €284,208 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,944 | -€61,488 | +€456 | +0.7% |
| Amounts payable | 17/49 | €255,905 | €271,669 | +€15,763 | +6.2% |
| Amounts payable after more than one year | 17 | €189,740 | €204,670 | +€14,930 | +7.9% |
| Financial debts | 170/4 | €3,931 | €22,978 | +€19,047 | +484.5% |
| Other amounts payable | 178/9 | €185,809 | €181,692 | -€4,118 | -2.2% |
| Amounts payable within one year | 42/48 | €66,165 | €66,999 | +€834 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €11,556 | €9,573 | -€1,984 | -17.2% |
| Financial debts | 43 | €34,950 | €46,847 | +€11,897 | +34.0% |
| Credit institutions | 430/8 | €34,950 | €46,847 | +€11,897 | +34.0% |
| Trade debts | 44 | €9,330 | €3,612 | -€5,718 | -61.3% |
| Suppliers | 440/4 | €9,330 | €3,612 | -€5,718 | -61.3% |
| Taxes, remuneration and social security | 45 | €10,328 | €6,967 | -€3,361 | -32.5% |
| Taxes | 450/3 | €10,328 | €6,967 | -€3,361 | -32.5% |
| Non-recurring operating income | 76A | €1,518 | €10,726 | +€9,208 | +606.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,219 | €25,760 | +€3,541 | +15.9% |
| Other operating charges | 640/8 | €6,886 | €5,469 | -€1,418 | -20.6% |
| Gross operating margin | 9900 | €65,888 | €35,733 | -€30,155 | -45.8% |
| Operating profit (loss) | 9901 | €36,782 | €4,504 | -€32,278 | -87.8% |
| Financial income | 75/76B | €175 | €137 | -€38 | -21.7% |
| Recurring financial income | 75 | €175 | €137 | -€38 | -21.7% |
| Financial charges | 65/66B | €9,760 | €4,185 | -€5,575 | -57.1% |
| Recurring financial charges | 65 | €9,760 | €4,185 | -€5,575 | -57.1% |
| Profit (loss) for the period before taxes | 9903 | €27,197 | €456 | -€26,742 | -98.3% |
| Profit (loss) for the period | 9904 | €27,197 | €456 | -€26,742 | -98.3% |
| Profit (loss) for the period to be appropriated | 9905 | €27,197 | €456 | -€26,742 | -98.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.