Label Holdings: 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 Holdings
Largest movements
- Cash +€54,812
new in 2025: €54,812
mainly Net result for the year (+€27,441) and Depreciation (+€24,817)
- Current investments -€23,638
no longer reported in 2025 (was €23,638)
- Tangible fixed assets -€13,929
down €13,929 (-12.5%), from €111,549 to €97,619
of which Furniture and vehicles: -€8,258
- Profit (loss) carried forward +€27,441
up €27,441 (+23.9%), from -€114,909 to -€87,468
- Debts after one year -€10,079
down €10,079 (-16.4%), from €61,350 to €51,271
- Depreciation +€17,140
up €17,140 (+223%), from €7,677 to €24,817
- Gross operating margin +€12,748
up €12,748 (+22.5%), from €56,546 to €69,294
- Financial charges +€1,288
up €1,288 (+18.1%), from €7,124 to €8,412
- Other operating charges -€858
down €858 (-58.8%), from €1,459 to €601
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 | €154,740 | €172,002 | +€17,263 | +11.2% |
| Fixed assets | 21/28 | €111,549 | €97,619 | -€13,929 | -12.5% |
| Tangible fixed assets | 22/27 | €111,549 | €97,619 | -€13,929 | -12.5% |
| Plant, machinery and equipment | 23 | - | €2,007 | +€2,007 | |
| Furniture and vehicles | 24 | €20,849 | €12,592 | -€8,258 | -39.6% |
| Other tangible fixed assets | 26 | €90,699 | €83,020 | -€7,679 | -8.5% |
| Current assets | 29/58 | €43,191 | €74,383 | +€31,192 | +72.2% |
| Amounts receivable within one year | 40/41 | €15,911 | €15,757 | -€154 | -1.0% |
| Trade receivables | 40 | €13,613 | €13,781 | +€168 | +1.2% |
| Other amounts receivable | 41 | €2,299 | €1,976 | -€323 | -14.0% |
| Current investments | 50/53 | €23,638 | - | -€23,638 | |
| Cash at bank and in hand | 54/58 | - | €54,812 | +€54,812 | |
| Deferred charges and accrued income | 490/1 | €3,642 | €3,814 | +€172 | +4.7% |
| Total equity and liabilities | 10/49 | €154,740 | €172,002 | +€17,263 | +11.2% |
| Equity | 10/15 | -€14,909 | €12,532 | +€27,441 | |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€114,909 | -€87,468 | +€27,441 | +23.9% |
| Amounts payable | 17/49 | €169,649 | €159,471 | -€10,178 | -6.0% |
| Amounts payable after more than one year | 17 | €61,350 | €51,271 | -€10,079 | -16.4% |
| Financial debts | 170/4 | €61,350 | €51,271 | -€10,079 | -16.4% |
| Amounts payable within one year | 42/48 | €102,762 | €102,638 | -€124 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €9,714 | €10,079 | +€366 | +3.8% |
| Trade debts | 44 | €4,417 | €5,932 | +€1,515 | +34.3% |
| Suppliers | 440/4 | €4,417 | €5,932 | +€1,515 | +34.3% |
| Taxes, remuneration and social security | 45 | €8,680 | €8,255 | -€425 | -4.9% |
| Taxes | 450/3 | €8,680 | €8,255 | -€425 | -4.9% |
| Other amounts payable | 47/48 | €79,952 | €78,372 | -€1,580 | -2.0% |
| Accrued charges and deferred income | 492/3 | €5,536 | €5,561 | +€25 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,677 | €24,817 | +€17,140 | +223% |
| Other operating charges | 640/8 | €1,459 | €601 | -€858 | -58.8% |
| Gross operating margin | 9900 | €56,546 | €69,294 | +€12,748 | +22.5% |
| Operating profit (loss) | 9901 | €47,410 | €43,876 | -€3,534 | -7.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €7,124 | €8,412 | +€1,288 | +18.1% |
| Recurring financial charges | 65 | €7,124 | €8,412 | +€1,288 | +18.1% |
| Profit (loss) for the period before taxes | 9903 | €40,286 | €35,464 | -€4,822 | -12.0% |
| Income taxes | 67/77 | €7,701 | €8,024 | +€323 | +4.2% |
| Profit (loss) for the period | 9904 | €32,585 | €27,441 | -€5,145 | -15.8% |
| Profit (loss) for the period to be appropriated | 9905 | €32,585 | €27,441 | -€5,145 | -15.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.