LABI: 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.
LABI
Largest movements
- Cash +€389,545
up €389,545 (+275.2%), from €141,542 to €531,088
mainly Current investments (+€350,000) and Net result for the year (+€278,012)
- Current investments -€350,000
no longer reported in 2025 (was €350,000)
- Tangible fixed assets +€184,339
up €184,339 (+12.0%), from €1.5m to €1.7m
of which Land and buildings: +€183,465
- Receivables within one year +€121,575
up €121,575 (+40.6%), from €299,292 to €420,867
of which Other amounts receivable: +€119,479
- Intangible fixed assets -€36,500
down €36,500 (-12.0%), from €303,500 to €267,000
- Reserves +€260,633
up €260,633 (+21.9%), from €1.2m to €1.5m
- Short-term financial debts +€190,574
new in 2025: €190,574
- Tax, wage and social debts -€95,301
down €95,301 (-32.5%), from €293,209 to €197,908
of which Taxes: -€98,892
- Debts after one year -€48,927
down €48,927 (-4.5%), from €1.1m to €1.0m
- Gross operating margin -€328,981
down €328,981 (-30.0%), from €1.1m to €769,088
- Taxes -€108,028
down €108,028 (-44.9%), from €240,675 to €132,647
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 | €2,767,571 | €3,089,728 | +€322,157 | +11.6% |
| Fixed assets | 21/28 | €1,839,605 | €1,987,248 | +€147,643 | +8.0% |
| Intangible fixed assets | 21 | €303,500 | €267,000 | -€36,500 | -12.0% |
| Tangible fixed assets | 22/27 | €1,532,908 | €1,717,248 | +€184,339 | +12.0% |
| Land and buildings | 22 | €1,426,850 | €1,610,314 | +€183,465 | +12.9% |
| Furniture and vehicles | 24 | €106,059 | €106,934 | +€875 | +0.8% |
| Financial fixed assets | 28 | €3,197 | €3,000 | -€197 | -6.1% |
| Current assets | 29/58 | €927,966 | €1,102,480 | +€174,514 | +18.8% |
| Amounts receivable after more than one year | 29 | €32,937 | €29,595 | -€3,342 | -10.1% |
| Other amounts receivable | 291 | €32,937 | €29,595 | -€3,342 | -10.1% |
| Amounts receivable within one year | 40/41 | €299,292 | €420,867 | +€121,575 | +40.6% |
| Trade receivables | 40 | €625 | €2,721 | +€2,096 | +335.3% |
| Other amounts receivable | 41 | €298,667 | €418,147 | +€119,479 | +40.0% |
| Current investments | 50/53 | €350,000 | - | -€350,000 | |
| Cash at bank and in hand | 54/58 | €141,542 | €531,088 | +€389,545 | +275.2% |
| Deferred charges and accrued income | 490/1 | €104,195 | €120,931 | +€16,736 | +16.1% |
| Total equity and liabilities | 10/49 | €2,767,571 | €3,089,728 | +€322,157 | +11.6% |
| Equity | 10/15 | €1,206,696 | €1,467,330 | +€260,633 | +21.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,191,549 | €1,452,183 | +€260,633 | +21.9% |
| Distributable reserves | 133 | €1,191,549 | €1,452,183 | +€260,633 | +21.9% |
| Profit (loss) carried forward | 14 | €2,747 | €2,747 | = | 0.0% |
| Amounts payable | 17/49 | €1,560,874 | €1,622,398 | +€61,524 | +3.9% |
| Amounts payable after more than one year | 17 | €1,090,837 | €1,041,910 | -€48,927 | -4.5% |
| Financial debts | 170/4 | €1,090,837 | €1,041,910 | -€48,927 | -4.5% |
| Amounts payable within one year | 42/48 | €457,785 | €568,972 | +€111,188 | +24.3% |
| Current portion of amounts payable after more than one year | 42 | €142,059 | €144,061 | +€2,002 | +1.4% |
| Financial debts | 43 | - | €190,574 | +€190,574 | |
| Other loans | 439 | - | €190,574 | +€190,574 | |
| Trade debts | 44 | €12,101 | €23,512 | +€11,411 | +94.3% |
| Suppliers | 440/4 | €12,101 | €23,512 | +€11,411 | +94.3% |
| Taxes, remuneration and social security | 45 | €293,209 | €197,908 | -€95,301 | -32.5% |
| Taxes | 450/3 | €267,424 | €168,532 | -€98,892 | -37.0% |
| Remuneration and social security | 454/9 | €25,784 | €29,376 | +€3,591 | +13.9% |
| Other amounts payable | 47/48 | €10,416 | €12,917 | +€2,502 | +24.0% |
| Accrued charges and deferred income | 492/3 | €12,253 | €11,516 | -€737 | -6.0% |
| Non-recurring operating income | 76A | - | €19,753 | +€19,753 | |
| Remuneration, social security and pensions | 62 | €193,478 | €192,985 | -€493 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €144,286 | €137,788 | -€6,498 | -4.5% |
| Other operating charges | 640/8 | €17,244 | €17,119 | -€124 | -0.7% |
| Gross operating margin | 9900 | €1,098,069 | €769,088 | -€328,981 | -30.0% |
| Operating profit (loss) | 9901 | €743,061 | €421,195 | -€321,866 | -43.3% |
| Financial income | 75/76B | €15,684 | €12,704 | -€2,981 | -19.0% |
| Recurring financial income | 75 | €15,684 | €12,704 | -€2,981 | -19.0% |
| Financial charges | 65/66B | €30,507 | €23,240 | -€7,267 | -23.8% |
| Recurring financial charges | 65 | €30,507 | €23,240 | -€7,267 | -23.8% |
| Profit (loss) for the period before taxes | 9903 | €728,239 | €410,659 | -€317,580 | -43.6% |
| Income taxes | 67/77 | €240,675 | €132,647 | -€108,028 | -44.9% |
| Profit (loss) for the period | 9904 | €487,564 | €278,012 | -€209,552 | -43.0% |
| Profit (loss) for the period to be appropriated | 9905 | €487,564 | €278,012 | -€209,552 | -43.0% |
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 6 October 2026 via checked.be.