LABNEST: 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.
LABNEST
Largest movements
- Cash -€152,686
down €152,686 (-63.2%), from €241,667 to €88,981
mainly Contributions, distributions and other (-€296,180) and Investment in fixed assets (net) (-€16,953)
- Receivables after one year -€13,860
down €13,860 (-85.7%), from €16,178 to €2,318
- Tangible fixed assets +€6,348
up €6,348 (+2.8%), from €226,881 to €233,229
of which Land and buildings: +€6,884
- Reserves -€132,752
down €132,752 (-44.8%), from €296,180 to €163,428
- Debts after one year -€14,994
down €14,994 (-8.5%), from €175,391 to €160,396
- Tax, wage and social debts -€10,460
down €10,460 (-32.4%), from €32,240 to €21,780
of which Taxes: -€10,524
- Gross operating margin +€67,750
up €67,750 (+40.7%), from €166,477 to €234,227
- Taxes +€17,552
up €17,552 (+54.8%), from €32,021 to €49,573
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 | €524,588 | €366,969 | -€157,618 | -30.0% |
| Fixed assets | 21/28 | €227,131 | €233,479 | +€6,348 | +2.8% |
| Tangible fixed assets | 22/27 | €226,881 | €233,229 | +€6,348 | +2.8% |
| Land and buildings | 22 | €224,243 | €231,127 | +€6,884 | +3.1% |
| Furniture and vehicles | 24 | €2,638 | €2,102 | -€536 | -20.3% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €297,457 | €133,491 | -€163,967 | -55.1% |
| Amounts receivable after more than one year | 29 | €16,178 | €2,318 | -€13,860 | -85.7% |
| Other amounts receivable | 291 | €16,178 | €2,318 | -€13,860 | -85.7% |
| Amounts receivable within one year | 40/41 | €37,345 | €39,169 | +€1,824 | +4.9% |
| Trade receivables | 40 | €23,568 | €25,309 | +€1,741 | +7.4% |
| Other amounts receivable | 41 | €13,777 | €13,860 | +€83 | +0.6% |
| Cash at bank and in hand | 54/58 | €241,667 | €88,981 | -€152,686 | -63.2% |
| Deferred charges and accrued income | 490/1 | €2,267 | €3,023 | +€756 | +33.3% |
| Total equity and liabilities | 10/49 | €524,588 | €366,969 | -€157,618 | -30.0% |
| Equity | 10/15 | €297,180 | €164,428 | -€132,752 | -44.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €296,180 | €163,428 | -€132,752 | -44.8% |
| Distributable reserves | 133 | €296,180 | €163,428 | -€132,752 | -44.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €227,408 | €202,541 | -€24,867 | -10.9% |
| Amounts payable after more than one year | 17 | €175,391 | €160,396 | -€14,994 | -8.5% |
| Financial debts | 170/4 | €175,391 | €160,396 | -€14,994 | -8.5% |
| Amounts payable within one year | 42/48 | €50,524 | €40,800 | -€9,723 | -19.2% |
| Current portion of amounts payable after more than one year | 42 | €14,371 | €14,994 | +€623 | +4.3% |
| Trade debts | 44 | €252 | €156 | -€96 | -37.9% |
| Suppliers | 440/4 | €252 | €156 | -€96 | -37.9% |
| Taxes, remuneration and social security | 45 | €32,240 | €21,780 | -€10,460 | -32.4% |
| Taxes | 450/3 | €32,176 | €21,652 | -€10,524 | -32.7% |
| Remuneration and social security | 454/9 | €64 | €128 | +€64 | +100.0% |
| Other amounts payable | 47/48 | €3,661 | €3,870 | +€209 | +5.7% |
| Accrued charges and deferred income | 492/3 | €1,493 | €1,344 | -€149 | -10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,580 | €10,605 | +€1,025 | +10.7% |
| Other operating charges | 640/8 | €2,297 | €2,518 | +€220 | +9.6% |
| Gross operating margin | 9900 | €166,477 | €234,227 | +€67,750 | +40.7% |
| Operating profit (loss) | 9901 | €154,600 | €221,105 | +€66,504 | +43.0% |
| Financial income | 75/76B | €226 | €142 | -€84 | -37.3% |
| Recurring financial income | 75 | €226 | €142 | -€84 | -37.3% |
| Financial charges | 65/66B | €9,097 | €8,245 | -€852 | -9.4% |
| Recurring financial charges | 65 | €9,097 | €8,245 | -€852 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €145,730 | €213,002 | +€67,272 | +46.2% |
| Income taxes | 67/77 | €32,021 | €49,573 | +€17,552 | +54.8% |
| Profit (loss) for the period | 9904 | €113,709 | €163,428 | +€49,720 | +43.7% |
| Profit (loss) for the period to be appropriated | 9905 | €113,709 | €163,428 | +€49,720 | +43.7% |
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 1 October 2026 via checked.be.