LABELMATE: 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.
LABELMATE
Largest movements
- Intangible fixed assets -€118,288
down €118,288 (-28.3%), from €417,840 to €299,552
- Cash +€87,792
up €87,792 (+92.8%), from €94,597 to €182,389
mainly Depreciation (+€187,132) and Net result for the year (+€90,130)
- Receivables within one year -€21,850
down €21,850 (-4.5%), from €484,781 to €462,931
of which Trade receivables: -€102,943
- Profit (loss) carried forward +€164,758
up €164,758 (+12.6%), from €1.3m to €1.5m
- Other debts -€108,728
down €108,728 (-91.4%), from €118,938 to €10,210
- Reserves -€84,200
down €84,200 (-38.2%), from €220,500 to €136,300
of which Tax-exempt reserves: -€84,200
- Current portion of long-term debt -€45,441
down €45,441 (-77.4%), from €58,737 to €13,296
- Short-term financial debts +€33,394
up €33,394 (+200%), from €16,666 to €50,061
- Gross operating margin -€204,918
down €204,918 (-22.4%), from €913,329 to €708,411
- Taxes -€64,845
down €64,845 (-67.8%), from €95,616 to €30,771
- Staff costs +€54,463
up €54,463 (+15.5%), from €351,987 to €406,450
- Financial income -€20,289
down €20,289 (-49.2%), from €41,254 to €20,965
of which Non-recurring financial income: -€10,573
- Depreciation -€11,060
down €11,060 (-5.6%), from €198,192 to €187,132
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.
Derived cash bridge
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 | €2,148,905 | €2,111,448 | -€37,457 | -1.7% |
| Fixed assets | 21/28 | €503,064 | €403,554 | -€99,511 | -19.8% |
| Intangible fixed assets | 21 | €417,840 | €299,552 | -€118,288 | -28.3% |
| Tangible fixed assets | 22/27 | €78,884 | €97,662 | +€18,777 | +23.8% |
| Plant, machinery and equipment | 23 | €14,243 | €14,480 | +€236 | +1.7% |
| Furniture and vehicles | 24 | €64,641 | €83,182 | +€18,541 | +28.7% |
| Financial fixed assets | 28 | €6,340 | €6,340 | = | 0.0% |
| Current assets | 29/58 | €1,645,841 | €1,707,894 | +€62,054 | +3.8% |
| Amounts receivable after more than one year | 29 | €383,000 | €383,000 | = | 0.0% |
| Other amounts receivable | 291 | €383,000 | €383,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €657,465 | €648,592 | -€8,873 | -1.3% |
| Stocks | 30/36 | €657,465 | €648,592 | -€8,873 | -1.3% |
| Amounts receivable within one year | 40/41 | €484,781 | €462,931 | -€21,850 | -4.5% |
| Trade receivables | 40 | €403,627 | €300,684 | -€102,943 | -25.5% |
| Other amounts receivable | 41 | €81,154 | €162,246 | +€81,092 | +99.9% |
| Cash at bank and in hand | 54/58 | €94,597 | €182,389 | +€87,792 | +92.8% |
| Deferred charges and accrued income | 490/1 | €25,997 | €30,982 | +€4,985 | +19.2% |
| Total equity and liabilities | 10/49 | €2,148,905 | €2,111,448 | -€37,457 | -1.7% |
| Equity | 10/15 | €1,623,733 | €1,704,292 | +€80,558 | +5.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €220,500 | €136,300 | -€84,200 | -38.2% |
| Tax-exempt reserves | 132 | €210,500 | €126,300 | -€84,200 | -40.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,303,233 | €1,467,992 | +€164,758 | +12.6% |
| Amounts payable | 17/49 | €525,172 | €407,156 | -€118,016 | -22.5% |
| Amounts payable after more than one year | 17 | €6,483 | €26,525 | +€20,042 | +309% |
| Financial debts | 170/4 | €6,483 | €26,525 | +€20,042 | +309% |
| Amounts payable within one year | 42/48 | €518,688 | €368,125 | -€150,563 | -29.0% |
| Current portion of amounts payable after more than one year | 42 | €58,737 | €13,296 | -€45,441 | -77.4% |
| Financial debts | 43 | €16,666 | €50,061 | +€33,394 | +200% |
| Credit institutions | 430/8 | €16,666 | €50,061 | +€33,394 | +200% |
| Trade debts | 44 | €272,391 | €275,128 | +€2,737 | +1.0% |
| Suppliers | 440/4 | €272,391 | €275,128 | +€2,737 | +1.0% |
| Taxes, remuneration and social security | 45 | €51,957 | €19,431 | -€32,526 | -62.6% |
| Taxes | 450/3 | €48,234 | €2,975 | -€45,258 | -93.8% |
| Remuneration and social security | 454/9 | €3,723 | €16,455 | +€12,732 | +342% |
| Other amounts payable | 47/48 | €118,938 | €10,210 | -€108,728 | -91.4% |
| Accrued charges and deferred income | 492/3 | - | €12,506 | +€12,506 | |
| Remuneration, social security and pensions | 62 | €351,987 | €406,450 | +€54,463 | +15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €198,192 | €187,132 | -€11,060 | -5.6% |
| Other operating charges | 640/8 | €3,721 | €4,156 | +€435 | +11.7% |
| Gross operating margin | 9900 | €913,329 | €708,411 | -€204,918 | -22.4% |
| Operating profit (loss) | 9901 | €359,429 | €110,673 | -€248,756 | -69.2% |
| Financial income | 75/76B | €41,254 | €20,965 | -€20,289 | -49.2% |
| Recurring financial income | 75 | €30,681 | €20,965 | -€9,716 | -31.7% |
| Non-recurring financial income | 76B | €10,573 | - | -€10,573 | |
| Financial charges | 65/66B | €12,900 | €10,737 | -€2,163 | -16.8% |
| Recurring financial charges | 65 | €12,900 | €10,737 | -€2,163 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €387,782 | €120,901 | -€266,882 | -68.8% |
| Income taxes | 67/77 | €95,616 | €30,771 | -€64,845 | -67.8% |
| Profit (loss) for the period | 9904 | €292,166 | €90,130 | -€202,037 | -69.2% |
| Transfer from tax-exempt reserves | 789 | - | €84,200 | +€84,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €292,166 | €174,330 | -€117,837 | -40.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.