LABOFA: 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.
LABOFA
Largest movements
- Receivables after one year +€132,000
up €132,000 (+13.1%), from €1.0m to €1.1m
- Cash +€105,703
up €105,703 (+285.6%), from €37,015 to €142,718
mainly Other debts (+€272,450) and Net result for the year (+€206,103)
- Tangible fixed assets -€15,746
down €15,746 (-14.0%), from €112,273 to €96,527
of which Other tangible fixed assets: -€9,489
- Other debts +€272,450
up €272,450 (+346.6%), from €78,613 to €351,063
- Reserves -€139,000
down €139,000 (-14.8%), from €936,860 to €797,860
of which Distributable reserves: -€139,000
- Tax, wage and social debts +€97,911
up €97,911 (+115.2%), from €84,972 to €182,882
- Gross operating margin -€357,738
down €357,738 (-56.2%), from €636,725 to €278,987
- Taxes -€106,828
down €106,828 (-52.2%), from €204,777 to €97,949
- Financial income +€11,036
up €11,036 (+34.8%), from €31,717 to €42,753
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 | €1,158,614 | €1,380,623 | +€222,010 | +19.2% |
| Fixed assets | 21/28 | €112,573 | €96,827 | -€15,746 | -14.0% |
| Tangible fixed assets | 22/27 | €112,273 | €96,527 | -€15,746 | -14.0% |
| Furniture and vehicles | 24 | €33,613 | €27,356 | -€6,257 | -18.6% |
| Other tangible fixed assets | 26 | €78,660 | €69,171 | -€9,489 | -12.1% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €1,046,041 | €1,283,796 | +€237,756 | +22.7% |
| Amounts receivable after more than one year | 29 | €1,007,950 | €1,139,950 | +€132,000 | +13.1% |
| Other amounts receivable | 291 | €1,007,950 | €1,139,950 | +€132,000 | +13.1% |
| Cash at bank and in hand | 54/58 | €37,015 | €142,718 | +€105,703 | +285.6% |
| Deferred charges and accrued income | 490/1 | €1,076 | €1,128 | +€52 | +4.8% |
| Total equity and liabilities | 10/49 | €1,158,614 | €1,380,623 | +€222,010 | +19.2% |
| Equity | 10/15 | €985,268 | €846,371 | -€138,897 | -14.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €936,860 | €797,860 | -€139,000 | -14.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €935,000 | €796,000 | -€139,000 | -14.9% |
| Profit (loss) carried forward | 14 | €36,008 | €36,111 | +€103 | +0.3% |
| Amounts payable | 17/49 | €173,346 | €534,252 | +€360,907 | +208.2% |
| Amounts payable within one year | 42/48 | €173,346 | €534,252 | +€360,907 | +208.2% |
| Current portion of amounts payable after more than one year | 42 | €7,858 | - | -€7,858 | |
| Trade debts | 44 | €1,903 | €307 | -€1,595 | -83.9% |
| Suppliers | 440/4 | €1,903 | €307 | -€1,595 | -83.9% |
| Taxes, remuneration and social security | 45 | €84,972 | €182,882 | +€97,911 | +115.2% |
| Taxes | 450/3 | €84,972 | €182,882 | +€97,911 | +115.2% |
| Other amounts payable | 47/48 | €78,613 | €351,063 | +€272,450 | +346.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,975 | €15,746 | -€229 | -1.4% |
| Other operating charges | 640/8 | €2,221 | €1,529 | -€692 | -31.2% |
| Gross operating margin | 9900 | €636,725 | €278,987 | -€357,738 | -56.2% |
| Operating profit (loss) | 9901 | €618,529 | €261,712 | -€356,816 | -57.7% |
| Financial income | 75/76B | €31,717 | €42,753 | +€11,036 | +34.8% |
| Recurring financial income | 75 | €31,717 | €42,753 | +€11,036 | +34.8% |
| Financial charges | 65/66B | €982 | €414 | -€568 | -57.9% |
| Recurring financial charges | 65 | €982 | €414 | -€568 | -57.9% |
| Profit (loss) for the period before taxes | 9903 | €649,264 | €304,052 | -€345,212 | -53.2% |
| Income taxes | 67/77 | €204,777 | €97,949 | -€106,828 | -52.2% |
| Profit (loss) for the period | 9904 | €444,487 | €206,103 | -€238,384 | -53.6% |
| Profit (loss) for the period to be appropriated | 9905 | €444,487 | €206,103 | -€238,384 | -53.6% |
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 6 October 2026 via checked.be.