LABEL & LABET: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
LABEL & LABET
Largest movements
- Current investments -€218,294
down €218,294 (-57.5%), from €379,860 to €161,566
- Cash +€51,724
up €51,724 (+413%), from €12,516 to €64,240
mainly Current investments (+€218,294) and Depreciation (+€17,074)
- Tangible fixed assets +€20,659
up €20,659 (+36.4%), from €56,682 to €77,341
of which Furniture and vehicles: +€30,799
- Receivables within one year -€5,918
down €5,918 (-41.3%), from €14,336 to €8,418
of which Trade receivables: -€7,141
- Other debts -€143,278
down €143,278 (-57.1%), from €250,738 to €107,460
- Debts after one year -€9,789
down €9,789 (-21.4%), from €45,638 to €35,849
- Gross operating margin +€9,996
up €9,996 (+113%), from €8,820 to €18,816
- Financial income -€7,443
down €7,443 (-78.0%), from €9,546 to €2,103
- Depreciation +€4,126
up €4,126 (+31.9%), from €12,948 to €17,074
- Financial charges -€524
down €524 (-37.2%), from €1,410 to €886
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €466,269 | €312,221 | -€154,048 | -33.0% |
| Fixed assets | 21/28 | €56,713 | €77,372 | +€20,659 | +36.4% |
| Tangible fixed assets | 22/27 | €56,682 | €77,341 | +€20,659 | +36.4% |
| Land and buildings | 22 | €50,624 | €40,484 | -€10,140 | -20.0% |
| Furniture and vehicles | 24 | €6,058 | €36,857 | +€30,799 | +508% |
| Financial fixed assets | 28 | €31 | €31 | = | 0.0% |
| Current assets | 29/58 | €409,556 | €234,849 | -€174,707 | -42.7% |
| Amounts receivable within one year | 40/41 | €14,336 | €8,418 | -€5,918 | -41.3% |
| Trade receivables | 40 | €11,670 | €4,529 | -€7,141 | -61.2% |
| Other amounts receivable | 41 | €2,666 | €3,889 | +€1,223 | +45.9% |
| Current investments | 50/53 | €379,860 | €161,566 | -€218,294 | -57.5% |
| Cash at bank and in hand | 54/58 | €12,516 | €64,240 | +€51,724 | +413% |
| Deferred charges and accrued income | 490/1 | €2,844 | €625 | -€2,219 | -78.0% |
| Total equity and liabilities | 10/49 | €466,269 | €312,221 | -€154,048 | -33.0% |
| Equity | 10/15 | €156,663 | €156,703 | +€40 | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €31,860 | €31,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €106,203 | €106,243 | +€40 | 0.0% |
| Amounts payable | 17/49 | €309,606 | €155,518 | -€154,088 | -49.8% |
| Amounts payable after more than one year | 17 | €45,638 | €35,849 | -€9,789 | -21.4% |
| Financial debts | 170/4 | €45,638 | €35,849 | -€9,789 | -21.4% |
| Amounts payable within one year | 42/48 | €263,968 | €119,669 | -€144,299 | -54.7% |
| Current portion of amounts payable after more than one year | 42 | €9,594 | €9,789 | +€195 | +2.0% |
| Trade debts | 44 | €2,237 | €1,199 | -€1,038 | -46.4% |
| Suppliers | 440/4 | €2,237 | €1,199 | -€1,038 | -46.4% |
| Taxes, remuneration and social security | 45 | €1,399 | €1,221 | -€178 | -12.7% |
| Taxes | 450/3 | €1,399 | €1,221 | -€178 | -12.7% |
| Other amounts payable | 47/48 | €250,738 | €107,460 | -€143,278 | -57.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,948 | €17,074 | +€4,126 | +31.9% |
| Other operating charges | 640/8 | €1,683 | €1,801 | +€118 | +7.0% |
| Gross operating margin | 9900 | €8,820 | €18,816 | +€9,996 | +113% |
| Operating profit (loss) | 9901 | -€5,811 | -€59 | +€5,752 | +99.0% |
| Financial income | 75/76B | €9,546 | €2,103 | -€7,443 | -78.0% |
| Recurring financial income | 75 | €9,546 | €2,103 | -€7,443 | -78.0% |
| Financial charges | 65/66B | €1,410 | €886 | -€524 | -37.2% |
| Recurring financial charges | 65 | €1,410 | €886 | -€524 | -37.2% |
| Profit (loss) for the period before taxes | 9903 | €2,325 | €1,158 | -€1,167 | -50.2% |
| Income taxes | 67/77 | €1,184 | €1,118 | -€66 | -5.6% |
| Profit (loss) for the period | 9904 | €1,141 | €40 | -€1,101 | -96.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,141 | €40 | -€1,101 | -96.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.