LABELCO: what changed
Two fiscal 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.
LABELCO
Largest movements
- Tangible fixed assets -€45,038
down €45,038 (-12.8%), from €351,713 to €306,674
- Cash -€34,695
down €34,695 (-46.8%), from €74,079 to €39,384
mainly Other debts (-€52,938) and Net result for the year (-€27,296)
- Other debts -€52,938
down €52,938 (-88.2%), from €60,000 to €7,062
- Reserves -€27,296
down €27,296 (-9.0%), from €304,673 to €277,376
of which Distributable reserves: -€27,296
- Gross operating margin +€19,702
up €19,702 (+820.7%), from €2,401 to €22,103
- Depreciation -€241
down €241 (-0.5%), from €45,279 to €45,038
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 | €426,173 | €346,058 | -€80,114 | -18.8% |
| Fixed assets | 21/28 | €351,713 | €306,674 | -€45,038 | -12.8% |
| Tangible fixed assets | 22/27 | €351,713 | €306,674 | -€45,038 | -12.8% |
| Land and buildings | 22 | €351,713 | €306,674 | -€45,038 | -12.8% |
| Current assets | 29/58 | €74,460 | €39,384 | -€35,076 | -47.1% |
| Amounts receivable within one year | 40/41 | €313 | €0 | -€313 | -100.0% |
| Other amounts receivable | 41 | €313 | €0 | -€313 | -100.0% |
| Cash at bank and in hand | 54/58 | €74,079 | €39,384 | -€34,695 | -46.8% |
| Deferred charges and accrued income | 490/1 | €67 | €0 | -€67 | -100.0% |
| Total equity and liabilities | 10/49 | €426,173 | €346,058 | -€80,114 | -18.8% |
| Equity | 10/15 | €366,173 | €338,876 | -€27,296 | -7.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €304,673 | €277,376 | -€27,296 | -9.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €298,523 | €271,226 | -€27,296 | -9.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €60,000 | €7,182 | -€52,818 | -88.0% |
| Amounts payable within one year | 42/48 | €60,000 | €7,182 | -€52,818 | -88.0% |
| Trade debts | 44 | - | €120 | +€120 | |
| Suppliers | 440/4 | - | €120 | +€120 | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €60,000 | €7,062 | -€52,938 | -88.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,279 | €45,038 | -€241 | -0.5% |
| Other operating charges | 640/8 | €4,183 | €4,331 | +€148 | +3.5% |
| Gross operating margin | 9900 | €2,401 | €22,103 | +€19,702 | +820.7% |
| Operating profit (loss) | 9901 | -€47,061 | -€27,266 | +€19,795 | +42.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €29 | €30 | +€2 | +5.3% |
| Recurring financial charges | 65 | €29 | €30 | +€2 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | -€47,090 | -€27,296 | +€19,793 | +42.0% |
| Profit (loss) for the period | 9904 | -€47,090 | -€27,296 | +€19,793 | +42.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,090 | -€27,296 | +€19,793 | +42.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.