LabelFresh: 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.
What changed
LabelFresh
NACE 46.492, Wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€330,573
2024 · €217,077+€113,496
Equity
€1.9m
2024 · €629,515+€1.2m
Cash
€100,613
2024 · €88,898+€11,715
Balance sheet total
€3.1m
2024 · €1.9m+€1.1m
Largest movements
Assets
- Tangible fixed assets +€1.1m
up €1.1m (+97.6%), from €1.1m to €2.2m
of which Land and buildings: +€692,719
- Receivables within one year +€50,526
up €50,526 (+9.8%), from €517,974 to €568,500
of which Trade receivables: +€80,682
- Intangible fixed assets +€39,575
up €39,575 (+384.0%), from €10,306 to €49,882
Equity and liabilities
- Revaluation surpluses +€1.1m
new in 2025: €1.1m
- Reserves +€130,573
up €130,573 (+21.4%), from €610,915 to €741,488
- Trade debts -€62,321
down €62,321 (-28.8%), from €216,722 to €154,400
- Short-term financial debts +€61,861
up €61,861 (+108.7%), from €56,891 to €118,753
- Debts after one year -€60,937
down €60,937 (-8.6%), from €704,814 to €643,877
Income statement
- Gross operating margin +€207,489
up €207,489 (+25.6%), from €810,334 to €1.0m
- Taxes +€51,902
up €51,902 (+61.2%), from €84,739 to €136,641
- Staff costs +€46,034
up €46,034 (+16.5%), from €278,494 to €324,527
- Financial charges -€17,714
down €17,714 (-27.3%), from €64,807 to €47,092
- Write-downs +€17,692
new in 2025: €17,692
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.
Result 2024
€217,077
Gross operating margin
+€207,489
Staff costs
-€46,034
Depreciation
+€4,152
Write-downs
-€17,692
Other operating charges
-€2,051
Other operating items
+€2,133
Financial income
-€313
Financial charges
+€17,714
Taxes
-€51,902
Result 2025
€330,573
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.
From operations
+€369,214
Investment
-€1.3m
Financing
+€915,152
Cash 2024
€88,898
From operations (derived)
+€369,214
Net result for the year
+€330,573
Depreciation
+€150,894
Stocks and contracts
+€22,889
Receivables within one year
-€50,526
Deferred charges and accrued income
+€13,570
Trade debts
-€62,321
Tax, wage and social debts
+€3,368
Other debts
-€21,097
Accrued charges and deferred income
-€18,136
Investment (derived)
-€1.3m
Investment in fixed assets (net)
-€1.3m
Financing
+€915,152
Debts after one year
-€60,937
Current portion of long-term debt
+€18,059
Short-term financial debts
+€61,861
Contributions, distributions and other
+€896,169
Cash 2025
€100,613
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,949,764 | €3,097,302 | +€1.1m | +58.9% |
| Fixed assets | 21/28 | €1,119,899 | €2,241,656 | +€1.1m | +100.2% |
| Intangible fixed assets | 21 | €10,306 | €49,882 | +€39,575 | +384.0% |
| Tangible fixed assets | 22/27 | €1,109,141 | €2,191,775 | +€1.1m | +97.6% |
| Land and buildings | 22 | €952,281 | €1,645,000 | +€692,719 | +72.7% |
| Plant, machinery and equipment | 23 | €96,384 | €468,219 | +€371,835 | +385.8% |
| Furniture and vehicles | 24 | €7,602 | €48,961 | +€41,359 | +544.1% |
| Leasing and similar rights | 25 | €52,874 | €29,594 | -€23,280 | -44.0% |
| Financial fixed assets | 28 | €452 | - | -€452 | |
| Current assets | 29/58 | €829,864 | €855,646 | +€25,781 | +3.1% |
| Stocks and contracts in progress | 3 | €202,663 | €179,774 | -€22,889 | -11.3% |
| Stocks | 30/36 | €202,663 | €179,774 | -€22,889 | -11.3% |
| Amounts receivable within one year | 40/41 | €517,974 | €568,500 | +€50,526 | +9.8% |
| Trade receivables | 40 | €411,339 | €492,021 | +€80,682 | +19.6% |
| Other amounts receivable | 41 | €106,635 | €76,479 | -€30,156 | -28.3% |
| Cash at bank and in hand | 54/58 | €88,898 | €100,613 | +€11,715 | +13.2% |
| Deferred charges and accrued income | 490/1 | €20,329 | €6,759 | -€13,570 | -66.8% |
| Total equity and liabilities | 10/49 | €1,949,764 | €3,097,302 | +€1.1m | +58.9% |
| Equity | 10/15 | €629,515 | €1,856,257 | +€1.2m | +194.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | - | €1,096,169 | +€1.1m | |
| Reserves | 13 | €610,915 | €741,488 | +€130,573 | +21.4% |
| Distributable reserves | 133 | €610,915 | €741,488 | +€130,573 | +21.4% |
| Amounts payable | 17/49 | €1,320,249 | €1,241,045 | -€79,203 | -6.0% |
| Amounts payable after more than one year | 17 | €704,814 | €643,877 | -€60,937 | -8.6% |
| Financial debts | 170/4 | €704,814 | €643,877 | -€60,937 | -8.6% |
| Amounts payable within one year | 42/48 | €597,298 | €597,168 | -€130 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €143,895 | €161,954 | +€18,059 | +12.5% |
| Financial debts | 43 | €56,891 | €118,753 | +€61,861 | +108.7% |
| Credit institutions | 430/8 | €56,891 | €118,753 | +€61,861 | +108.7% |
| Trade debts | 44 | €216,722 | €154,400 | -€62,321 | -28.8% |
| Suppliers | 440/4 | €216,722 | €154,400 | -€62,321 | -28.8% |
| Taxes, remuneration and social security | 45 | €26,585 | €29,953 | +€3,368 | +12.7% |
| Remuneration and social security | 454/9 | €26,585 | €29,953 | +€3,368 | +12.7% |
| Other amounts payable | 47/48 | €153,205 | €132,108 | -€21,097 | -13.8% |
| Accrued charges and deferred income | 492/3 | €18,136 | - | -€18,136 | |
| Non-recurring operating income | 76A | €5,430 | €4,583 | -€847 | -15.6% |
| Remuneration, social security and pensions | 62 | €278,494 | €324,527 | +€46,034 | +16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €155,046 | €150,894 | -€4,152 | -2.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €17,692 | +€17,692 | |
| Other operating charges | 640/8 | €10,614 | €12,665 | +€2,051 | +19.3% |
| Non-recurring operating charges | 66A | €2,133 | - | -€2,133 | |
| Gross operating margin | 9900 | €810,334 | €1,017,823 | +€207,489 | +25.6% |
| Operating profit (loss) | 9901 | €364,048 | €512,045 | +€147,997 | +40.7% |
| Financial income | 75/76B | €2,575 | €2,262 | -€313 | -12.2% |
| Recurring financial income | 75 | €2,575 | €2,262 | -€313 | -12.2% |
| Financial charges | 65/66B | €64,807 | €47,092 | -€17,714 | -27.3% |
| Recurring financial charges | 65 | €64,807 | €47,092 | -€17,714 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | €301,816 | €467,215 | +€165,399 | +54.8% |
| Income taxes | 67/77 | €84,739 | €136,641 | +€51,902 | +61.2% |
| Profit (loss) for the period | 9904 | €217,077 | €330,573 | +€113,496 | +52.3% |
| Profit (loss) for the period to be appropriated | 9905 | €217,077 | €330,573 | +€113,496 | +52.3% |
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 7 October 2026 via checked.be.