LABO SMET: 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 SMET
Largest movements
- Cash -€34,472
down €34,472 (-77.5%), from €44,468 to €9,996
mainly Debts after one year (-€19,730) and Investment in fixed assets (net) (-€19,135)
- Receivables within one year -€19,508
down €19,508 (-24.4%), from €79,951 to €60,443
of which Trade receivables: -€21,250
- Stocks and contracts +€10,870
up €10,870 (+68.0%), from €15,980 to €26,850
- Tangible fixed assets -€8,623
down €8,623 (-10.4%), from €82,767 to €74,144
of which Leasing and similar rights: -€17,292
- Deferred charges and accrued income +€2,381
up €2,381 (+214.8%), from €1,108 to €3,489
- Debts after one year -€19,730
down €19,730 (-39.9%), from €49,468 to €29,739
- Reserves -€13,371
down €13,371 (-18.8%), from €71,133 to €57,762
- Trade debts -€12,628
down €12,628 (-48.1%), from €26,275 to €13,647
- Gross operating margin -€23,505
down €23,505 (-8.9%), from €264,951 to €241,446
- Staff costs +€9,760
up €9,760 (+4.6%), from €212,474 to €222,233
- Taxes -€4,298
down €4,298 (-100.0%), from €4,298 to €0
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 | €225,075 | €175,722 | -€49,353 | -21.9% |
| Fixed assets | 21/28 | €83,567 | €74,944 | -€8,623 | -10.3% |
| Tangible fixed assets | 22/27 | €82,767 | €74,144 | -€8,623 | -10.4% |
| Plant, machinery and equipment | 23 | €23,829 | €29,486 | +€5,657 | +23.7% |
| Leasing and similar rights | 25 | €58,461 | €41,169 | -€17,292 | -29.6% |
| Other tangible fixed assets | 26 | €478 | €3,490 | +€3,012 | +630.1% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €141,508 | €100,778 | -€40,730 | -28.8% |
| Stocks and contracts in progress | 3 | €15,980 | €26,850 | +€10,870 | +68.0% |
| Stocks | 30/36 | €15,980 | €26,850 | +€10,870 | +68.0% |
| Amounts receivable within one year | 40/41 | €79,951 | €60,443 | -€19,508 | -24.4% |
| Trade receivables | 40 | €40,486 | €19,236 | -€21,250 | -52.5% |
| Other amounts receivable | 41 | €39,466 | €41,208 | +€1,742 | +4.4% |
| Cash at bank and in hand | 54/58 | €44,468 | €9,996 | -€34,472 | -77.5% |
| Deferred charges and accrued income | 490/1 | €1,108 | €3,489 | +€2,381 | +214.8% |
| Total equity and liabilities | 10/49 | €225,075 | €175,722 | -€49,353 | -21.9% |
| Equity | 10/15 | €95,833 | €82,462 | -€13,371 | -14.0% |
| Contributions | 10/11 | €24,700 | €24,700 | = | 0.0% |
| Reserves | 13 | €71,133 | €57,762 | -€13,371 | -18.8% |
| Distributable reserves | 133 | €71,133 | €57,762 | -€13,371 | -18.8% |
| Amounts payable | 17/49 | €129,242 | €93,260 | -€35,982 | -27.8% |
| Amounts payable after more than one year | 17 | €49,468 | €29,739 | -€19,730 | -39.9% |
| Financial debts | 170/4 | €49,468 | €29,739 | -€19,730 | -39.9% |
| Amounts payable within one year | 42/48 | €79,667 | €63,522 | -€16,145 | -20.3% |
| Current portion of amounts payable after more than one year | 42 | €20,445 | €19,730 | -€715 | -3.5% |
| Financial debts | 43 | €5,498 | €3,760 | -€1,738 | -31.6% |
| Credit institutions | 430/8 | €5,498 | €3,760 | -€1,738 | -31.6% |
| Trade debts | 44 | €26,275 | €13,647 | -€12,628 | -48.1% |
| Suppliers | 440/4 | €26,275 | €13,647 | -€12,628 | -48.1% |
| Taxes, remuneration and social security | 45 | €27,449 | €26,385 | -€1,063 | -3.9% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €27,449 | €26,385 | -€1,063 | -3.9% |
| Accrued charges and deferred income | 492/3 | €107 | €0 | -€107 | -100.0% |
| Remuneration, social security and pensions | 62 | €212,474 | €222,233 | +€9,760 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,614 | €27,758 | -€1,856 | -6.3% |
| Other operating charges | 640/8 | €2,659 | €1,351 | -€1,307 | -49.2% |
| Gross operating margin | 9900 | €264,951 | €241,446 | -€23,505 | -8.9% |
| Operating profit (loss) | 9901 | €20,205 | -€9,897 | -€30,101 | |
| Financial income | 75/76B | €621 | €804 | +€183 | +29.5% |
| Recurring financial income | 75 | €621 | €804 | +€183 | +29.5% |
| Financial charges | 65/66B | €5,894 | €4,279 | -€1,615 | -27.4% |
| Recurring financial charges | 65 | €5,894 | €4,279 | -€1,615 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | €14,932 | -€13,371 | -€28,304 | |
| Income taxes | 67/77 | €4,298 | €0 | -€4,298 | -100.0% |
| Profit (loss) for the period | 9904 | €10,634 | -€13,371 | -€24,005 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,634 | -€13,371 | -€24,005 |
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.