LaBo: 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.
LaBo
Largest movements
- Receivables within one year -€263,650
down €263,650 (-73.7%), from €357,929 to €94,279
- Tangible fixed assets +€249,673
up €249,673 (+39.2%), from €636,684 to €886,357
- Cash +€141,393
up €141,393 (+977.3%), from €14,468 to €155,861
mainly Receivables within one year (+€263,650) and Debts after one year (+€131,558)
- Debts after one year +€131,558
up €131,558 (+48.2%), from €273,016 to €404,574
- Profit (loss) carried forward +€37,144
up €37,144 (+30.3%), from -€122,770 to -€85,626
- Reserves -€28,726
down €28,726 (-11.5%), from €250,779 to €222,053
of which Tax-exempt reserves: -€28,726
- Gross operating margin +€9,425
up €9,425 (+13.9%), from €67,676 to €77,101
- Financial income -€8,232
down €8,232 (-36.9%), from €22,311 to €14,079
- Depreciation +€8,133
up €8,133 (+14.0%), from €58,249 to €66,381
- Taxes -€2,660
down €2,660 (-16.4%), from €16,182 to €13,521
- Other operating charges +€996
up €996 (+221.7%), from €449 to €1,445
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 | €1,031,392 | €1,150,576 | +€119,184 | +11.6% |
| Fixed assets | 21/28 | €636,684 | €886,357 | +€249,673 | +39.2% |
| Tangible fixed assets | 22/27 | €636,684 | €886,357 | +€249,673 | +39.2% |
| Land and buildings | 22 | €636,684 | €886,357 | +€249,673 | +39.2% |
| Current assets | 29/58 | €394,708 | €264,219 | -€130,489 | -33.1% |
| Amounts receivable within one year | 40/41 | €357,929 | €94,279 | -€263,650 | -73.7% |
| Other amounts receivable | 41 | €357,929 | €94,279 | -€263,650 | -73.7% |
| Cash at bank and in hand | 54/58 | €14,468 | €155,861 | +€141,393 | +977.3% |
| Deferred charges and accrued income | 490/1 | €22,311 | €14,079 | -€8,232 | -36.9% |
| Total equity and liabilities | 10/49 | €1,031,392 | €1,150,576 | +€119,184 | +11.6% |
| Equity | 10/15 | €608,031 | €616,449 | +€8,418 | +1.4% |
| Contributions | 10/11 | €480,022 | €480,022 | = | 0.0% |
| Reserves | 13 | €250,779 | €222,053 | -€28,726 | -11.5% |
| Tax-exempt reserves | 132 | €250,219 | €221,493 | -€28,726 | -11.5% |
| Distributable reserves | 133 | €560 | €560 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€122,770 | -€85,626 | +€37,144 | +30.3% |
| Provisions and deferred taxes | 16 | €83,406 | €73,831 | -€9,575 | -11.5% |
| Deferred taxes | 168 | €83,406 | €73,831 | -€9,575 | -11.5% |
| Amounts payable | 17/49 | €339,955 | €460,296 | +€120,342 | +35.4% |
| Amounts payable after more than one year | 17 | €273,016 | €404,574 | +€131,558 | +48.2% |
| Financial debts | 170/4 | €273,016 | €404,574 | +€131,558 | +48.2% |
| Amounts payable within one year | 42/48 | €66,939 | €54,759 | -€12,180 | -18.2% |
| Current portion of amounts payable after more than one year | 42 | €50,298 | €41,238 | -€9,060 | -18.0% |
| Trade debts | 44 | €460 | - | -€460 | |
| Suppliers | 440/4 | €460 | - | -€460 | |
| Taxes, remuneration and social security | 45 | €16,182 | €13,521 | -€2,660 | -16.4% |
| Taxes | 450/3 | €16,182 | €13,521 | -€2,660 | -16.4% |
| Accrued charges and deferred income | 492/3 | - | €963 | +€963 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,249 | €66,381 | +€8,133 | +14.0% |
| Other operating charges | 640/8 | €449 | €1,445 | +€996 | +221.7% |
| Gross operating margin | 9900 | €67,676 | €77,101 | +€9,425 | +13.9% |
| Operating profit (loss) | 9901 | €8,978 | €9,274 | +€297 | +3.3% |
| Financial income | 75/76B | €22,311 | €14,079 | -€8,232 | -36.9% |
| Recurring financial income | 75 | €22,311 | €14,079 | -€8,232 | -36.9% |
| Financial charges | 65/66B | €10,207 | €10,989 | +€782 | +7.7% |
| Recurring financial charges | 65 | €10,207 | €10,989 | +€782 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | €21,081 | €12,364 | -€8,717 | -41.3% |
| Transfer from deferred taxes | 780 | €9,575 | €9,575 | = | 0.0% |
| Income taxes | 67/77 | €16,182 | €13,521 | -€2,660 | -16.4% |
| Profit (loss) for the period | 9904 | €14,475 | €8,418 | -€6,057 | -41.8% |
| Transfer from tax-exempt reserves | 789 | €28,726 | €28,726 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €43,200 | €37,144 | -€6,057 | -14.0% |
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 10 October 2026 via checked.be.