LABELLEST: 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.
LABELLEST
Largest movements
- Tangible fixed assets -€30,247
down €30,247 (-18.4%), from €164,538 to €134,292
of which Land and buildings: -€22,095
- Stocks and contracts +€14,973
up €14,973 (+5.4%), from €278,622 to €293,595
- Profit (loss) carried forward +€65,390
up €65,390 (+64.4%), from -€101,473 to -€36,083
- Other debts -€57,608
down €57,608 (-44.4%), from €129,797 to €72,189
- Debts after one year -€51,525
down €51,525 (-33.7%), from €153,071 to €101,547
- Trade debts +€41,079
up €41,079 (+174.0%), from €23,612 to €64,690
- Short-term financial debts -€20,000
down €20,000 (-25.0%), from €80,000 to €60,000
- Staff costs -€27,982
down €27,982 (-16.4%), from €170,531 to €142,549
- Gross operating margin +€23,484
up €23,484 (+7.9%), from €297,109 to €320,593
- Write-downs +€21,755
up €21,755, from -€6,838 to €14,916
- Taxes +€5,952
up €5,952 (+56.0%), from €10,622 to €16,574
- Financial charges -€4,702
down €4,702 (-30.4%), from €15,457 to €10,754
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 | €542,039 | €525,985 | -€16,053 | -3.0% |
| Fixed assets | 21/28 | €166,630 | €135,394 | -€31,236 | -18.7% |
| Intangible fixed assets | 21 | €1,312 | €322 | -€989 | -75.4% |
| Tangible fixed assets | 22/27 | €164,538 | €134,292 | -€30,247 | -18.4% |
| Land and buildings | 22 | €125,201 | €103,106 | -€22,095 | -17.6% |
| Plant, machinery and equipment | 23 | €37,924 | €27,347 | -€10,577 | -27.9% |
| Furniture and vehicles | 24 | €1,413 | €3,838 | +€2,425 | +171.7% |
| Financial fixed assets | 28 | €780 | €780 | = | 0.0% |
| Current assets | 29/58 | €375,409 | €390,591 | +€15,183 | +4.0% |
| Stocks and contracts in progress | 3 | €278,622 | €293,595 | +€14,973 | +5.4% |
| Stocks | 30/36 | €278,622 | €293,595 | +€14,973 | +5.4% |
| Amounts receivable within one year | 40/41 | €38,315 | €40,864 | +€2,549 | +6.7% |
| Trade receivables | 40 | €37,237 | €40,808 | +€3,571 | +9.6% |
| Other amounts receivable | 41 | €1,078 | €56 | -€1,022 | -94.8% |
| Cash at bank and in hand | 54/58 | €45,564 | €46,256 | +€692 | +1.5% |
| Deferred charges and accrued income | 490/1 | €12,908 | €9,877 | -€3,031 | -23.5% |
| Total equity and liabilities | 10/49 | €542,039 | €525,985 | -€16,053 | -3.0% |
| Equity | 10/15 | €36,601 | €84,377 | +€47,776 | +130.5% |
| Contributions | 10/11 | €120,460 | €120,460 | = | 0.0% |
| Reserves | 13 | €17,614 | €0 | -€17,614 | -100.0% |
| Distributable reserves | 133 | €17,614 | €0 | -€17,614 | -100.0% |
| Profit (loss) carried forward | 14 | -€101,473 | -€36,083 | +€65,390 | +64.4% |
| Amounts payable | 17/49 | €505,437 | €441,608 | -€63,829 | -12.6% |
| Amounts payable after more than one year | 17 | €153,071 | €101,547 | -€51,525 | -33.7% |
| Financial debts | 170/4 | €153,071 | €101,547 | -€51,525 | -33.7% |
| Amounts payable within one year | 42/48 | €351,366 | €339,062 | -€12,305 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €72,896 | €86,564 | +€13,668 | +18.7% |
| Financial debts | 43 | €80,000 | €60,000 | -€20,000 | -25.0% |
| Credit institutions | 430/8 | €80,000 | €60,000 | -€20,000 | -25.0% |
| Trade debts | 44 | €23,612 | €64,690 | +€41,079 | +174.0% |
| Suppliers | 440/4 | €23,612 | €64,690 | +€41,079 | +174.0% |
| Taxes, remuneration and social security | 45 | €45,061 | €55,618 | +€10,557 | +23.4% |
| Taxes | 450/3 | €22,098 | €29,337 | +€7,239 | +32.8% |
| Remuneration and social security | 454/9 | €22,963 | €26,281 | +€3,318 | +14.4% |
| Other amounts payable | 47/48 | €129,797 | €72,189 | -€57,608 | -44.4% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €170,531 | €142,549 | -€27,982 | -16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,417 | €74,763 | +€1,346 | +1.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€6,838 | €14,916 | +€21,755 | |
| Other operating charges | 640/8 | €9,434 | €13,525 | +€4,091 | +43.4% |
| Gross operating margin | 9900 | €297,109 | €320,593 | +€23,484 | +7.9% |
| Operating profit (loss) | 9901 | €50,565 | €74,840 | +€24,275 | +48.0% |
| Financial income | 75/76B | €68 | €264 | +€197 | +290.4% |
| Recurring financial income | 75 | €68 | €264 | +€197 | +290.4% |
| Financial charges | 65/66B | €15,457 | €10,754 | -€4,702 | -30.4% |
| Recurring financial charges | 65 | €15,457 | €10,754 | -€4,702 | -30.4% |
| Profit (loss) for the period before taxes | 9903 | €35,176 | €64,350 | +€29,173 | +82.9% |
| Income taxes | 67/77 | €10,622 | €16,574 | +€5,952 | +56.0% |
| Profit (loss) for the period | 9904 | €24,554 | €47,776 | +€23,221 | +94.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,554 | €47,776 | +€23,221 | +94.6% |
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.