LABELLE: 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.
What changed
LABELLE
NACE 47.521, Retail sale of hardware, building materials, paint and glass (general range)
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€39,557
2024 · -€39,901+€344
Equity
€344,610
2024 · €384,168-€39,557
Cash
€12,701
2024 · €15,266-€2,565
Balance sheet total
€389,062
2024 · €415,253-€26,191
Largest movements
Assets
- Tangible fixed assets -€25,655
down €25,655 (-27.0%), from €95,067 to €69,412
Equity and liabilities
- Profit (loss) carried forward -€39,557
down €39,557 (-17.6%), from €224,664 to €185,106
- Other debts +€10,000
up €10,000 (+66.7%), from €15,000 to €25,000
Income statement
- Gross operating margin +€2,267
up €2,267 (+8.9%), from €25,412 to €27,678
- Staff costs +€1,861
up €1,861 (+4.7%), from €39,673 to €41,534
- Other operating charges +€564
up €564 (+70.3%), from €802 to €1,366
- Depreciation -€548
down €548 (-2.0%), from €27,442 to €26,895
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
-€39,901
Gross operating margin
+€2,267
Staff costs
-€1,861
Depreciation
+€548
Other operating charges
-€564
Financial income
-€200
Financial charges
+€159
Taxes
-€4
Result 2025
-€39,557
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
-€1,324
Investment
-€1,241
Financing
€0
Cash 2024
€15,266
From operations (derived)
-€1,324
Net result for the year
-€39,557
Depreciation
+€26,895
Stocks and contracts
-€1,294
Receivables within one year
-€734
Provisions
+€143
Trade debts
+€1,588
Tax, wage and social debts
+€1,282
Other debts
+€10,000
Accrued charges and deferred income
+€354
Investment (derived)
-€1,241
Investment in fixed assets (net)
-€1,240
Current investments
-€1
Cash 2025
€12,701
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €415,253 | €389,062 | -€26,191 | -6.3% |
| Fixed assets | 21/28 | €95,067 | €69,412 | -€25,655 | -27.0% |
| Tangible fixed assets | 22/27 | €95,067 | €69,412 | -€25,655 | -27.0% |
| Land and buildings | 22 | €59,564 | €48,887 | -€10,677 | -17.9% |
| Plant, machinery and equipment | 23 | €12,756 | €10,590 | -€2,166 | -17.0% |
| Furniture and vehicles | 24 | €22,747 | €9,934 | -€12,813 | -56.3% |
| Current assets | 29/58 | €320,186 | €319,650 | -€536 | -0.2% |
| Stocks and contracts in progress | 3 | €283,893 | €285,187 | +€1,294 | +0.5% |
| Stocks | 30/36 | €283,893 | €285,187 | +€1,294 | +0.5% |
| Amounts receivable within one year | 40/41 | €20,783 | €21,517 | +€734 | +3.5% |
| Trade receivables | 40 | €415 | €1,455 | +€1,041 | +250.8% |
| Other amounts receivable | 41 | €20,368 | €20,061 | -€307 | -1.5% |
| Current investments | 50/53 | €244 | €245 | +€1 | +0.4% |
| Cash at bank and in hand | 54/58 | €15,266 | €12,701 | -€2,565 | -16.8% |
| Total equity and liabilities | 10/49 | €415,253 | €389,062 | -€26,191 | -6.3% |
| Equity | 10/15 | €384,168 | €344,610 | -€39,557 | -10.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €140,912 | €140,912 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,200 | €10,200 | = | 0.0% |
| Distributable reserves | 133 | €128,853 | €128,853 | = | 0.0% |
| Profit (loss) carried forward | 14 | €224,664 | €185,106 | -€39,557 | -17.6% |
| Provisions and deferred taxes | 16 | €3,192 | €3,335 | +€143 | +4.5% |
| Provisions for liabilities and charges | 160/5 | €3,192 | €3,335 | +€143 | +4.5% |
| Environmental obligations | 163 | €3,192 | €3,335 | +€143 | +4.5% |
| Amounts payable | 17/49 | €27,893 | €41,117 | +€13,224 | +47.4% |
| Amounts payable within one year | 42/48 | €26,716 | €39,586 | +€12,870 | +48.2% |
| Trade debts | 44 | €9,281 | €10,869 | +€1,588 | +17.1% |
| Suppliers | 440/4 | €9,281 | €10,869 | +€1,588 | +17.1% |
| Taxes, remuneration and social security | 45 | €2,435 | €3,717 | +€1,282 | +52.6% |
| Taxes | 450/3 | €2,435 | €3,717 | +€1,282 | +52.6% |
| Other amounts payable | 47/48 | €15,000 | €25,000 | +€10,000 | +66.7% |
| Accrued charges and deferred income | 492/3 | €1,178 | €1,531 | +€354 | +30.0% |
| Remuneration, social security and pensions | 62 | €39,673 | €41,534 | +€1,861 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,442 | €26,895 | -€548 | -2.0% |
| Other operating charges | 640/8 | €802 | €1,366 | +€564 | +70.3% |
| Gross operating margin | 9900 | €25,412 | €27,678 | +€2,267 | +8.9% |
| Operating profit (loss) | 9901 | -€42,506 | -€42,117 | +€389 | +0.9% |
| Financial income | 75/76B | €3,050 | €2,850 | -€200 | -6.6% |
| Recurring financial income | 75 | €3,050 | €2,850 | -€200 | -6.6% |
| Financial charges | 65/66B | €317 | €159 | -€159 | -49.9% |
| Recurring financial charges | 65 | €317 | €159 | -€159 | -49.9% |
| Profit (loss) for the period before taxes | 9903 | -€39,773 | -€39,425 | +€348 | +0.9% |
| Income taxes | 67/77 | €128 | €132 | +€4 | +3.1% |
| Profit (loss) for the period | 9904 | -€39,901 | -€39,557 | +€344 | +0.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,901 | -€39,557 | +€344 | +0.9% |
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 11 October 2026 via checked.be.