LABEL DT: 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.
LABEL DT
Largest movements
- Receivables within one year -€49,939
down €49,939 (-55.7%), from €89,683 to €39,744
- Deferred charges and accrued income +€30,000
new in 2025: €30,000
- Cash +€19,276
up €19,276 (+264%), from €7,294 to €26,570
mainly Receivables within one year (+€49,939) and Depreciation (+€21,108)
- Tangible fixed assets -€14,004
down €14,004 (-10.4%), from €134,363 to €120,360
of which Furniture and vehicles: -€7,959
- Debts after one year -€23,290
down €23,290 (-33.0%), from €70,595 to €47,304
- Tax, wage and social debts +€7,756
up €7,756 (+102%), from €7,597 to €15,353
of which Taxes: +€4,593
- Gross operating margin +€41,181
up €41,181 (+143%), from €28,894 to €70,075
- Financial income -€26,275
down €26,275 (-83.6%), from €31,429 to €5,154
- Staff costs +€20,352
up €20,352 (+229%), from €8,898 to €29,250
- Taxes +€4,742
up €4,742 (+397%), from €1,195 to €5,937
- Depreciation +€2,839
up €2,839 (+15.5%), from €18,269 to €21,108
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.
Derived cash bridge
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 | €234,840 | €220,174 | -€14,667 | -6.2% |
| Fixed assets | 21/28 | €137,863 | €123,860 | -€14,004 | -10.2% |
| Tangible fixed assets | 22/27 | €134,363 | €120,360 | -€14,004 | -10.4% |
| Plant, machinery and equipment | 23 | €812 | €1,327 | +€515 | +63.4% |
| Furniture and vehicles | 24 | €53,562 | €45,602 | -€7,959 | -14.9% |
| Other tangible fixed assets | 26 | €77,932 | €71,373 | -€6,559 | -8.4% |
| Assets under construction and advance payments | 27 | €2,057 | €2,057 | = | 0.0% |
| Financial fixed assets | 28 | €3,500 | €3,500 | = | 0.0% |
| Current assets | 29/58 | €96,977 | €96,314 | -€663 | -0.7% |
| Amounts receivable within one year | 40/41 | €89,683 | €39,744 | -€49,939 | -55.7% |
| Other amounts receivable | 41 | €89,683 | €39,744 | -€49,939 | -55.7% |
| Cash at bank and in hand | 54/58 | €7,294 | €26,570 | +€19,276 | +264% |
| Deferred charges and accrued income | 490/1 | - | €30,000 | +€30,000 | |
| Total equity and liabilities | 10/49 | €234,840 | €220,174 | -€14,667 | -6.2% |
| Equity | 10/15 | €131,999 | €132,368 | +€369 | +0.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €763 | €763 | = | 0.0% |
| Non-distributable reserves | 130/1 | €763 | €763 | = | 0.0% |
| Reserves not available under the articles | 1311 | €763 | €763 | = | 0.0% |
| Profit (loss) carried forward | 14 | €125,037 | €125,406 | +€369 | +0.3% |
| Amounts payable | 17/49 | €102,841 | €87,805 | -€15,036 | -14.6% |
| Amounts payable after more than one year | 17 | €70,595 | €47,304 | -€23,290 | -33.0% |
| Financial debts | 170/4 | €70,595 | €47,304 | -€23,290 | -33.0% |
| Amounts payable within one year | 42/48 | €32,246 | €40,501 | +€8,255 | +25.6% |
| Current portion of amounts payable after more than one year | 42 | €22,297 | €23,338 | +€1,041 | +4.7% |
| Trade debts | 44 | €2,352 | €1,810 | -€542 | -23.0% |
| Suppliers | 440/4 | €2,352 | €1,810 | -€542 | -23.0% |
| Taxes, remuneration and social security | 45 | €7,597 | €15,353 | +€7,756 | +102% |
| Taxes | 450/3 | €2,109 | €6,702 | +€4,593 | +218% |
| Remuneration and social security | 454/9 | €5,488 | €8,651 | +€3,162 | +57.6% |
| Remuneration, social security and pensions | 62 | €8,898 | €29,250 | +€20,352 | +229% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,269 | €21,108 | +€2,839 | +15.5% |
| Other operating charges | 640/8 | €996 | €615 | -€381 | -38.3% |
| Gross operating margin | 9900 | €28,894 | €70,075 | +€41,181 | +143% |
| Operating profit (loss) | 9901 | €731 | €19,102 | +€18,371 | +2,513% |
| Financial income | 75/76B | €31,429 | €5,154 | -€26,275 | -83.6% |
| Recurring financial income | 75 | €31,429 | €5,154 | -€26,275 | -83.6% |
| Financial charges | 65/66B | €2,127 | €3,316 | +€1,189 | +55.9% |
| Recurring financial charges | 65 | €2,127 | €3,316 | +€1,189 | +55.9% |
| Profit (loss) for the period before taxes | 9903 | €30,033 | €20,940 | -€9,092 | -30.3% |
| Income taxes | 67/77 | €1,195 | €5,937 | +€4,742 | +397% |
| Profit (loss) for the period | 9904 | €28,838 | €15,003 | -€13,834 | -48.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,838 | €15,003 | -€13,834 | -48.0% |
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 18 October 2026 via checked.be.