LABEXHE: 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.
LABEXHE
Largest movements
- Receivables within one year -€2,949
down €2,949 (-24.0%), from €12,266 to €9,317
of which Trade receivables: -€2,480
- Tangible fixed assets +€2,078
up €2,078 (+40.3%), from €5,160 to €7,238
- Cash +€1,956
up €1,956 (+849.3%), from €230 to €2,186
mainly Trade debts (+€4,270) and Receivables within one year (+€2,949)
- Deferred charges and accrued income +€406
up €406 (+238.4%), from €170 to €576
- Trade debts +€4,270
up €4,270 (+237.0%), from €1,802 to €6,071
- Profit (loss) carried forward -€3,450
down €3,450 (-66.4%), from €5,192 to €1,743
- Other debts +€934
up €934 (+10.6%), from €8,793 to €9,726
- Gross operating margin -€4,172
down €4,172 (-76.8%), from €5,435 to €1,263
- Taxes -€1,394
down €1,394 (-85.1%), from €1,639 to €245
- Other operating charges +€405
up €405 (+46.3%), from €876 to €1,281
- Depreciation -€235
down €235 (-12.0%), from €1,959 to €1,724
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 | €32,926 | €34,416 | +€1,491 | +4.5% |
| Fixed assets | 21/28 | €5,160 | €7,238 | +€2,078 | +40.3% |
| Tangible fixed assets | 22/27 | €5,160 | €7,238 | +€2,078 | +40.3% |
| Furniture and vehicles | 24 | €5,160 | €7,238 | +€2,078 | +40.3% |
| Current assets | 29/58 | €27,766 | €27,179 | -€587 | -2.1% |
| Amounts receivable within one year | 40/41 | €12,266 | €9,317 | -€2,949 | -24.0% |
| Trade receivables | 40 | €11,798 | €9,317 | -€2,480 | -21.0% |
| Other amounts receivable | 41 | €468 | €0 | -€468 | -100.0% |
| Current investments | 50/53 | €15,100 | €15,100 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €230 | €2,186 | +€1,956 | +849.3% |
| Deferred charges and accrued income | 490/1 | €170 | €576 | +€406 | +238.4% |
| Total equity and liabilities | 10/49 | €32,926 | €34,416 | +€1,491 | +4.5% |
| Equity | 10/15 | €20,692 | €17,243 | -€3,450 | -16.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €14,500 | €14,500 | = | 0.0% |
| Distributable reserves | 133 | €14,500 | €14,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,192 | €1,743 | -€3,450 | -66.4% |
| Amounts payable | 17/49 | €12,233 | €17,174 | +€4,941 | +40.4% |
| Amounts payable within one year | 42/48 | €12,233 | €17,174 | +€4,941 | +40.4% |
| Trade debts | 44 | €1,802 | €6,071 | +€4,270 | +237.0% |
| Suppliers | 440/4 | €1,802 | €6,071 | +€4,270 | +237.0% |
| Taxes, remuneration and social security | 45 | €1,639 | €1,377 | -€263 | -16.0% |
| Taxes | 450/3 | €1,639 | €1,377 | -€263 | -16.0% |
| Other amounts payable | 47/48 | €8,793 | €9,726 | +€934 | +10.6% |
| Remuneration, social security and pensions | 62 | €1 | €0 | -€1 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,959 | €1,724 | -€235 | -12.0% |
| Other operating charges | 640/8 | €876 | €1,281 | +€405 | +46.3% |
| Gross operating margin | 9900 | €5,435 | €1,263 | -€4,172 | -76.8% |
| Operating profit (loss) | 9901 | €2,599 | -€1,742 | -€4,341 | |
| Financial charges | 65/66B | €1,451 | €1,463 | +€13 | +0.9% |
| Recurring financial charges | 65 | €1,451 | €1,463 | +€13 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | €1,148 | -€3,205 | -€4,354 | |
| Income taxes | 67/77 | €1,639 | €245 | -€1,394 | -85.1% |
| Profit (loss) for the period | 9904 | -€491 | -€3,450 | -€2,959 | -603.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€491 | -€3,450 | -€2,959 | -603.1% |
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.