LABO MASSA: 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 MASSA
Largest movements
- Receivables within one year -€76,621
down €76,621 (-36.5%), from €209,994 to €133,373
of which Trade receivables: -€89,611
- Cash +€67,165
up €67,165 (+134%), from €50,079 to €117,245
mainly Receivables within one year (+€76,621) and Depreciation (+€52,999)
- Tangible fixed assets -€45,856
down €45,856 (-39.4%), from €116,271 to €70,414
of which Plant, machinery and equipment: -€31,268
- Stocks and contracts +€6,378
up €6,378 (+25.9%), from €24,647 to €31,025
- Debts after one year -€33,518
down €33,518 (-91.3%), from €36,729 to €3,210
- Reserves -€16,900
down €16,900 (-6.5%), from €262,000 to €245,100
- Trade debts -€9,278
down €9,278 (-62.6%), from €14,831 to €5,553
- Gross operating margin -€54,974
down €54,974 (-18.0%), from €305,800 to €250,827
- Staff costs +€41,397
up €41,397 (+29.1%), from €142,222 to €183,619
- Taxes -€27,002
down €27,002 (-84.2%), from €32,062 to €5,060
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.
Derived cash bridge
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 | €412,915 | €360,532 | -€52,383 | -12.7% |
| Fixed assets | 21/28 | €126,271 | €77,914 | -€48,356 | -38.3% |
| Intangible fixed assets | 21 | €10,000 | €7,500 | -€2,500 | -25.0% |
| Tangible fixed assets | 22/27 | €116,271 | €70,414 | -€45,856 | -39.4% |
| Plant, machinery and equipment | 23 | €88,884 | €57,616 | -€31,268 | -35.2% |
| Furniture and vehicles | 24 | €666 | €969 | +€303 | +45.5% |
| Leasing and similar rights | 25 | €19,819 | €9,829 | -€9,990 | -50.4% |
| Other tangible fixed assets | 26 | €6,902 | €2,000 | -€4,902 | -71.0% |
| Current assets | 29/58 | €286,644 | €282,618 | -€4,026 | -1.4% |
| Stocks and contracts in progress | 3 | €24,647 | €31,025 | +€6,378 | +25.9% |
| Stocks | 30/36 | €24,647 | €31,025 | +€6,378 | +25.9% |
| Amounts receivable within one year | 40/41 | €209,994 | €133,373 | -€76,621 | -36.5% |
| Trade receivables | 40 | €207,946 | €118,336 | -€89,611 | -43.1% |
| Other amounts receivable | 41 | €2,048 | €15,038 | +€12,990 | +634% |
| Cash at bank and in hand | 54/58 | €50,079 | €117,245 | +€67,165 | +134% |
| Deferred charges and accrued income | 490/1 | €1,923 | €975 | -€948 | -49.3% |
| Total equity and liabilities | 10/49 | €412,915 | €360,532 | -€52,383 | -12.7% |
| Equity | 10/15 | €268,633 | €255,754 | -€12,878 | -4.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €262,000 | €245,100 | -€16,900 | -6.5% |
| Distributable reserves | 133 | €262,000 | €245,100 | -€16,900 | -6.5% |
| Profit (loss) carried forward | 14 | €433 | €4,454 | +€4,022 | +930% |
| Amounts payable | 17/49 | €144,282 | €104,778 | -€39,504 | -27.4% |
| Amounts payable after more than one year | 17 | €36,729 | €3,210 | -€33,518 | -91.3% |
| Financial debts | 170/4 | €36,729 | €3,210 | -€33,518 | -91.3% |
| Amounts payable within one year | 42/48 | €107,553 | €101,567 | -€5,986 | -5.6% |
| Current portion of amounts payable after more than one year | 42 | €36,145 | €32,823 | -€3,322 | -9.2% |
| Financial debts | 43 | €5,954 | €6,751 | +€797 | +13.4% |
| Credit institutions | 430/8 | €5,954 | €6,751 | +€797 | +13.4% |
| Trade debts | 44 | €14,831 | €5,553 | -€9,278 | -62.6% |
| Suppliers | 440/4 | €14,831 | €5,553 | -€9,278 | -62.6% |
| Taxes, remuneration and social security | 45 | €34,529 | €38,376 | +€3,847 | +11.1% |
| Taxes | 450/3 | €18,945 | €19,638 | +€693 | +3.7% |
| Remuneration and social security | 454/9 | €15,584 | €18,738 | +€3,153 | +20.2% |
| Other amounts payable | 47/48 | €16,094 | €18,065 | +€1,971 | +12.2% |
| Remuneration, social security and pensions | 62 | €142,222 | €183,619 | +€41,397 | +29.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,918 | €52,999 | +€81 | +0.2% |
| Other operating charges | 640/8 | €2,495 | €1,537 | -€959 | -38.4% |
| Gross operating margin | 9900 | €305,800 | €250,827 | -€54,974 | -18.0% |
| Operating profit (loss) | 9901 | €108,165 | €12,672 | -€95,493 | -88.3% |
| Financial income | 75/76B | €221 | €9 | -€212 | -96.1% |
| Recurring financial income | 75 | €221 | €9 | -€212 | -96.1% |
| Financial charges | 65/66B | €4,194 | €4,499 | +€305 | +7.3% |
| Recurring financial charges | 65 | €4,194 | €4,499 | +€305 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €104,192 | €8,182 | -€96,010 | -92.1% |
| Income taxes | 67/77 | €32,062 | €5,060 | -€27,002 | -84.2% |
| Profit (loss) for the period | 9904 | €72,130 | €3,122 | -€69,008 | -95.7% |
| Profit (loss) for the period to be appropriated | 9905 | €72,130 | €3,122 | -€69,008 | -95.7% |
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 16 October 2026 via checked.be.