Labora: 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.
Labora
Largest movements
- Tangible fixed assets +€157,276
up €157,276 (+8.7%), from €1.8m to €2.0m
of which Other tangible fixed assets: +€146,159
- Cash +€104,118
up €104,118 (+543%), from €19,192 to €123,310
mainly Debts after one year (+€254,479) and Depreciation (+€157,422)
- Debts after one year +€254,479
up €254,479 (+17.0%), from €1.5m to €1.8m
of which Financial debts: +€260,117
- Gross operating margin +€103,917
up €103,917 (+30.4%), from €342,051 to €445,968
- Other operating charges +€71,437
up €71,437 (+1,443%), from €4,952 to €76,388
- Staff costs +€29,220
up €29,220 (+25.4%), from €115,254 to €144,474
- Depreciation +€27,227
up €27,227 (+20.9%), from €130,195 to €157,422
- Financial charges +€12,467
up €12,467 (+22.4%), from €55,629 to €68,097
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 | €1,861,533 | €2,120,677 | +€259,144 | +13.9% |
| Fixed assets | 21/28 | €1,806,017 | €1,962,793 | +€156,776 | +8.7% |
| Intangible fixed assets | 21 | €3,417 | €2,917 | -€500 | -14.6% |
| Tangible fixed assets | 22/27 | €1,802,600 | €1,959,876 | +€157,276 | +8.7% |
| Plant, machinery and equipment | 23 | €2,267 | €18,366 | +€16,099 | +710% |
| Furniture and vehicles | 24 | €19,324 | €14,342 | -€4,982 | -25.8% |
| Other tangible fixed assets | 26 | €1,781,009 | €1,927,168 | +€146,159 | +8.2% |
| Current assets | 29/58 | €55,516 | €157,884 | +€102,368 | +184% |
| Amounts receivable within one year | 40/41 | €31,143 | €26,484 | -€4,659 | -15.0% |
| Trade receivables | 40 | €30,943 | €20,065 | -€10,878 | -35.2% |
| Other amounts receivable | 41 | €200 | €6,419 | +€6,219 | +3,109% |
| Cash at bank and in hand | 54/58 | €19,192 | €123,310 | +€104,118 | +543% |
| Deferred charges and accrued income | 490/1 | €5,182 | €8,091 | +€2,909 | +56.1% |
| Total equity and liabilities | 10/49 | €1,861,533 | €2,120,677 | +€259,144 | +13.9% |
| Equity | 10/15 | €10,616 | €10,257 | -€359 | -3.4% |
| Contributions | 10/11 | €2 | €2 | = | 0.0% |
| Reserves | 13 | €14,136 | €14,136 | = | 0.0% |
| Distributable reserves | 133 | €14,136 | €14,136 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,528 | -€18,402 | +€126 | +0.7% |
| Investment grants | 15 | €15,006 | €14,521 | -€485 | -3.2% |
| Provisions and deferred taxes | 16 | €3,752 | €3,630 | -€121 | -3.2% |
| Deferred taxes | 168 | €3,752 | €3,630 | -€121 | -3.2% |
| Amounts payable | 17/49 | €1,847,166 | €2,106,790 | +€259,624 | +14.1% |
| Amounts payable after more than one year | 17 | €1,498,847 | €1,753,326 | +€254,479 | +17.0% |
| Financial debts | 170/4 | €1,419,850 | €1,679,968 | +€260,117 | +18.3% |
| Other amounts payable | 178/9 | €78,997 | €73,359 | -€5,638 | -7.1% |
| Amounts payable within one year | 42/48 | €344,670 | €344,750 | +€79 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €98,016 | €87,776 | -€10,240 | -10.4% |
| Trade debts | 44 | €137,480 | €144,932 | +€7,452 | +5.4% |
| Suppliers | 440/4 | €137,480 | €144,932 | +€7,452 | +5.4% |
| Taxes, remuneration and social security | 45 | €13,250 | €26,215 | +€12,965 | +97.9% |
| Taxes | 450/3 | €2,961 | €13,443 | +€10,482 | +354% |
| Remuneration and social security | 454/9 | €10,288 | €12,772 | +€2,484 | +24.1% |
| Other amounts payable | 47/48 | €95,924 | €85,826 | -€10,098 | -10.5% |
| Accrued charges and deferred income | 492/3 | €3,648 | €8,714 | +€5,065 | +139% |
| Non-recurring operating income | 76A | €596 | - | -€596 | |
| Remuneration, social security and pensions | 62 | €115,254 | €144,474 | +€29,220 | +25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €130,195 | €157,422 | +€27,227 | +20.9% |
| Other operating charges | 640/8 | €4,952 | €76,388 | +€71,437 | +1,443% |
| Gross operating margin | 9900 | €342,051 | €445,968 | +€103,917 | +30.4% |
| Operating profit (loss) | 9901 | €91,651 | €67,684 | -€23,967 | -26.2% |
| Financial income | 75/76B | €486 | €485 | -€1 | -0.2% |
| Recurring financial income | 75 | €486 | €485 | -€1 | -0.2% |
| Financial charges | 65/66B | €55,629 | €68,097 | +€12,467 | +22.4% |
| Recurring financial charges | 65 | €55,629 | €68,097 | +€12,467 | +22.4% |
| Profit (loss) for the period before taxes | 9903 | €36,508 | €72 | -€36,436 | -99.8% |
| Transfer from deferred taxes | 780 | €121 | €121 | = | 0.0% |
| Income taxes | 67/77 | - | €68 | +€68 | |
| Profit (loss) for the period | 9904 | €36,629 | €126 | -€36,503 | -99.7% |
| Profit (loss) for the period to be appropriated | 9905 | €36,629 | €126 | -€36,503 | -99.7% |
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 24 October 2026 via checked.be.