Labo Verbeke: 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 Verbeke
Largest movements
- Receivables within one year +€42,274
up €42,274 (+91.7%), from €46,089 to €88,363
of which Other amounts receivable: +€34,852
- Stocks and contracts -€41,409
down €41,409 (-40.3%), from €102,711 to €61,303
- Tangible fixed assets +€24,232
up €24,232 (+6.7%), from €363,238 to €387,469
of which Furniture and vehicles: +€45,775
- Trade debts -€102,886
down €102,886 (-85.3%), from €120,675 to €17,789
- Tax, wage and social debts +€69,234
up €69,234 (+359%), from €19,300 to €88,534
of which Taxes: +€42,938
- Reserves +€47,327
up €47,327 (+102%), from €46,205 to €93,533
of which Distributable reserves: +€47,327
- Current portion of long-term debt +€30,774
up €30,774 (+141%), from €21,898 to €52,672
- Debts after one year -€22,672
down €22,672 (-8.3%), from €273,579 to €250,907
- Gross operating margin +€76,766
up €76,766 (+50.0%), from €153,530 to €230,296
- Taxes +€15,702
up €15,702 (+11,254%), from €140 to €15,841
- Staff costs +€10,653
up €10,653 (+9.5%), from €112,701 to €123,354
- Financial charges +€5,253
up €5,253 (+53.9%), from €9,749 to €15,002
- Other operating charges -€3,843
down €3,843 (-41.2%), from €9,338 to €5,495
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 | €513,856 | €537,973 | +€24,117 | +4.7% |
| Fixed assets | 21/28 | €365,055 | €388,307 | +€23,252 | +6.4% |
| Intangible fixed assets | 21 | €1,818 | €838 | -€980 | -53.9% |
| Tangible fixed assets | 22/27 | €363,238 | €387,469 | +€24,232 | +6.7% |
| Land and buildings | 22 | €344,962 | €329,041 | -€15,921 | -4.6% |
| Plant, machinery and equipment | 23 | €17,902 | €12,190 | -€5,712 | -31.9% |
| Furniture and vehicles | 24 | €373 | €46,148 | +€45,775 | +12,262% |
| Other tangible fixed assets | 26 | - | €91 | +€91 | |
| Current assets | 29/58 | €148,801 | €149,666 | +€865 | +0.6% |
| Stocks and contracts in progress | 3 | €102,711 | €61,303 | -€41,409 | -40.3% |
| Stocks | 30/36 | €102,711 | €61,303 | -€41,409 | -40.3% |
| Amounts receivable within one year | 40/41 | €46,089 | €88,363 | +€42,274 | +91.7% |
| Trade receivables | 40 | €30,582 | €38,005 | +€7,422 | +24.3% |
| Other amounts receivable | 41 | €15,507 | €50,358 | +€34,852 | +225% |
| Cash at bank and in hand | 54/58 | - | €0 | = | |
| Total equity and liabilities | 10/49 | €513,856 | €537,973 | +€24,117 | +4.7% |
| Equity | 10/15 | €64,805 | €112,133 | +€47,327 | +73.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €46,205 | €93,533 | +€47,327 | +102% |
| Tax-exempt reserves | 132 | €427 | €427 | = | 0.0% |
| Distributable reserves | 133 | €45,779 | €93,106 | +€47,327 | +103% |
| Amounts payable | 17/49 | €449,051 | €425,840 | -€23,211 | -5.2% |
| Amounts payable after more than one year | 17 | €273,579 | €250,907 | -€22,672 | -8.3% |
| Financial debts | 170/4 | €273,579 | €250,907 | -€22,672 | -8.3% |
| Amounts payable within one year | 42/48 | €175,472 | €174,933 | -€539 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €21,898 | €52,672 | +€30,774 | +141% |
| Financial debts | 43 | €12,573 | €14,260 | +€1,687 | +13.4% |
| Credit institutions | 430/8 | €12,573 | €14,260 | +€1,687 | +13.4% |
| Trade debts | 44 | €120,675 | €17,789 | -€102,886 | -85.3% |
| Suppliers | 440/4 | €120,675 | €17,789 | -€102,886 | -85.3% |
| Taxes, remuneration and social security | 45 | €19,300 | €88,534 | +€69,234 | +359% |
| Taxes | 450/3 | €534 | €43,472 | +€42,938 | +8,045% |
| Remuneration and social security | 454/9 | €18,766 | €45,062 | +€26,296 | +140% |
| Other amounts payable | 47/48 | €1,026 | €1,679 | +€653 | +63.6% |
| Non-recurring operating income | 76A | - | €5,785 | +€5,785 | |
| Remuneration, social security and pensions | 62 | €112,701 | €123,354 | +€10,653 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,316 | €22,022 | +€706 | +3.3% |
| Other operating charges | 640/8 | €9,338 | €5,495 | -€3,843 | -41.2% |
| Non-recurring operating charges | 66A | - | €1,609 | +€1,609 | |
| Gross operating margin | 9900 | €153,530 | €230,296 | +€76,766 | +50.0% |
| Operating profit (loss) | 9901 | €10,176 | €77,817 | +€67,641 | +665% |
| Financial income | 75/76B | €302 | €354 | +€52 | +17.3% |
| Recurring financial income | 75 | €302 | €354 | +€52 | +17.3% |
| Financial charges | 65/66B | €9,749 | €15,002 | +€5,253 | +53.9% |
| Recurring financial charges | 65 | €9,749 | €15,002 | +€5,253 | +53.9% |
| Profit (loss) for the period before taxes | 9903 | €729 | €63,169 | +€62,440 | +8,564% |
| Income taxes | 67/77 | €140 | €15,841 | +€15,702 | +11,254% |
| Profit (loss) for the period | 9904 | €590 | €47,327 | +€46,738 | +7,927% |
| Profit (loss) for the period to be appropriated | 9905 | €590 | €47,327 | +€46,738 | +7,927% |
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 22 October 2026 via checked.be.