LABEUR: 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
LABEUR
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€48,457
2024 · -€20,810+€69,267
Equity
€741,991
2024 · €693,534+€48,457
Cash
€47,468
2024 · €47,699-€231
Balance sheet total
€1.0m
2024 · €988,618+€19,492
Largest movements
Assets
- Tangible fixed assets +€18,638
up €18,638 (+2.7%), from €701,353 to €719,991
of which Land and buildings: +€365,329
Equity and liabilities
- Profit (loss) carried forward +€48,457
up €48,457 (+20.3%), from -€238,169 to -€189,712
- Accrued charges and deferred income -€15,210
down €15,210 (-93.9%), from €16,192 to €982
Income statement
- Gross operating margin +€67,630
up €67,630 (+214.1%), from €31,595 to €99,224
- Depreciation +€10,507
up €10,507 (+578.3%), from €1,817 to €12,323
- Financial charges -€4,586
down €4,586 (-25.1%), from €18,291 to €13,706
- Other operating charges -€2,700
down €2,700 (-8.6%), from €31,329 to €28,629
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
-€20,810
Gross operating margin
+€67,630
Depreciation
-€10,507
Other operating charges
+€2,700
Other operating items
+€3,594
Financial income
+€877
Financial charges
+€4,586
Taxes
+€386
Result 2025
€48,457
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
+€30,195
Investment
-€30,961
Financing
+€535
Cash 2024
€47,699
From operations (derived)
+€30,195
Net result for the year
+€48,457
Depreciation
+€12,323
Receivables within one year
-€1,192
Deferred charges and accrued income
+€107
Trade debts
-€5,904
Tax, wage and social debts
-€7,217
Other debts
-€1,169
Accrued charges and deferred income
-€15,210
Investment (derived)
-€30,961
Investment in fixed assets (net)
-€30,961
Financing
+€535
Debts after one year
-€6,682
Current portion of long-term debt
+€7,217
Cash 2025
€47,468
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €988,618 | €1,008,110 | +€19,492 | +2.0% |
| Fixed assets | 21/28 | €701,353 | €719,991 | +€18,638 | +2.7% |
| Tangible fixed assets | 22/27 | €701,353 | €719,991 | +€18,638 | +2.7% |
| Land and buildings | 22 | €353,935 | €719,264 | +€365,329 | +103.2% |
| Plant, machinery and equipment | 23 | €1,298 | €726 | -€572 | -44.1% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Assets under construction and advance payments | 27 | €346,120 | €0 | -€346,120 | -100.0% |
| Current assets | 29/58 | €287,265 | €288,120 | +€855 | +0.3% |
| Amounts receivable within one year | 40/41 | €56,006 | €57,199 | +€1,192 | +2.1% |
| Trade receivables | 40 | €42,128 | €43,618 | +€1,490 | +3.5% |
| Other amounts receivable | 41 | €13,878 | €13,580 | -€298 | -2.1% |
| Current investments | 50/53 | €179,274 | €179,274 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €47,699 | €47,468 | -€231 | -0.5% |
| Deferred charges and accrued income | 490/1 | €4,286 | €4,179 | -€107 | -2.5% |
| Total equity and liabilities | 10/49 | €988,618 | €1,008,110 | +€19,492 | +2.0% |
| Equity | 10/15 | €693,534 | €741,991 | +€48,457 | +7.0% |
| Contributions | 10/11 | €555,000 | €555,000 | = | 0.0% |
| Capital | 10 | €555,000 | €555,000 | = | 0.0% |
| Issued capital | 100 | €555,000 | €555,000 | = | 0.0% |
| Revaluation surpluses | 12 | €204,361 | €204,361 | = | 0.0% |
| Reserves | 13 | €172,342 | €172,342 | = | 0.0% |
| Non-distributable reserves | 130/1 | €37,008 | €37,008 | = | 0.0% |
| Legal reserve | 130 | €37,008 | €37,008 | = | 0.0% |
| Distributable reserves | 133 | €135,335 | €135,335 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€238,169 | -€189,712 | +€48,457 | +20.3% |
| Amounts payable | 17/49 | €295,084 | €266,119 | -€28,965 | -9.8% |
| Amounts payable after more than one year | 17 | €228,367 | €221,685 | -€6,682 | -2.9% |
| Financial debts | 170/4 | €228,367 | €221,685 | -€6,682 | -2.9% |
| Amounts payable within one year | 42/48 | €50,525 | €43,452 | -€7,072 | -14.0% |
| Current portion of amounts payable after more than one year | 42 | €13,093 | €20,310 | +€7,217 | +55.1% |
| Trade debts | 44 | €8,082 | €2,179 | -€5,904 | -73.0% |
| Suppliers | 440/4 | €8,082 | €2,179 | -€5,904 | -73.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €12,599 | €5,382 | -€7,217 | -57.3% |
| Taxes | 450/3 | €10,119 | €2,902 | -€7,217 | -71.3% |
| Remuneration and social security | 454/9 | €2,480 | €2,480 | = | 0.0% |
| Other amounts payable | 47/48 | €16,750 | €15,581 | -€1,169 | -7.0% |
| Accrued charges and deferred income | 492/3 | €16,192 | €982 | -€15,210 | -93.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,817 | €12,323 | +€10,507 | +578.3% |
| Other operating charges | 640/8 | €31,329 | €28,629 | -€2,700 | -8.6% |
| Non-recurring operating charges | 66A | €3,594 | €0 | -€3,594 | -100.0% |
| Gross operating margin | 9900 | €31,595 | €99,224 | +€67,630 | +214.1% |
| Operating profit (loss) | 9901 | -€5,146 | €58,272 | +€63,418 | |
| Financial income | 75/76B | €3,238 | €4,115 | +€877 | +27.1% |
| Recurring financial income | 75 | €3,238 | €4,115 | +€877 | +27.1% |
| Financial charges | 65/66B | €18,291 | €13,706 | -€4,586 | -25.1% |
| Recurring financial charges | 65 | €18,291 | €13,706 | -€4,586 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | -€20,199 | €48,682 | +€68,881 | |
| Income taxes | 67/77 | €611 | €225 | -€386 | -63.2% |
| Profit (loss) for the period | 9904 | -€20,810 | €48,457 | +€69,267 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,810 | €48,457 | +€69,267 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.