Laborex: 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.
What changed
Laborex
NACE 25.110, Manufacture of metal structures and parts of structures
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€75,524
2024 · €479,643-€404,119
Equity
€4.1m
2024 · €4.1m+€75,524
Cash
€1.0m
2024 · €834,306+€183,032
Balance sheet total
€7.1m
2024 · €6.7m+€388,189
Largest movements
Assets
- Receivables within one year +€206,281
up €206,281 (+19.3%), from €1.1m to €1.3m
of which Trade receivables: +€193,264
- Cash +€183,032
up €183,032 (+21.9%), from €834,306 to €1.0m
mainly Depreciation (+€363,869) and Debts after one year (+€305,394)
Equity and liabilities
- Trade debts -€328,524
down €328,524 (-21.3%), from €1.5m to €1.2m
- Debts after one year +€305,394
up €305,394 (+148.7%), from €205,425 to €510,819
- Advances received +€300,000
new in 2025: €300,000
- Accrued charges and deferred income -€248,750
no longer reported in 2025 (was €248,750)
- Current portion of long-term debt +€144,729
up €144,729 (+142.7%), from €101,389 to €246,118
Income statement
- Gross operating margin -€1.7m
down €1.7m (-35.4%), from €4.8m to €3.1m
- Staff costs -€1.1m
down €1.1m (-30.0%), from €3.7m to €2.6m
- Taxes -€138,786
down €138,786 (-80.7%), from €171,942 to €33,155
- Financial charges -€87,960
down €87,960 (-64.5%), from €136,365 to €48,405
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.
Result 2024
€479,643
Gross operating margin
-€1.7m
Staff costs
+€1.1m
Depreciation
-€37,990
Other operating charges
+€2,035
Other operating items
+€247
Financial income
+€1,208
Financial charges
+€87,960
Taxes
+€138,786
Result 2025
€75,524
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.
From operations
+€78,488
Investment
-€343,584
Financing
+€448,129
Cash 2024
€834,306
From operations (derived)
+€78,488
Net result for the year
+€75,524
Depreciation
+€363,869
Stocks and contracts
+€6,958
Receivables within one year
-€206,281
Deferred charges and accrued income
-€26,119
Trade debts
-€328,524
Tax, wage and social debts
+€141,736
Advances received
+€300,000
Other debts
+€74
Accrued charges and deferred income
-€248,750
Investment (derived)
-€343,584
Investment in fixed assets (net)
-€343,584
Financing
+€448,129
Debts after one year
+€305,394
Current portion of long-term debt
+€144,729
Short-term financial debts
-€1,995
Cash 2025
€1.0m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,666,884 | €7,055,073 | +€388,189 | +5.8% |
| Fixed assets | 21/28 | €1,312,337 | €1,292,052 | -€20,285 | -1.5% |
| Tangible fixed assets | 22/27 | €1,312,337 | €1,292,052 | -€20,285 | -1.5% |
| Plant, machinery and equipment | 23 | €845,191 | €746,340 | -€98,851 | -11.7% |
| Furniture and vehicles | 24 | €299,634 | €394,549 | +€94,915 | +31.7% |
| Other tangible fixed assets | 26 | €167,511 | €151,163 | -€16,348 | -9.8% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €5,354,547 | €5,763,021 | +€408,474 | +7.6% |
| Stocks and contracts in progress | 3 | €3,441,608 | €3,434,650 | -€6,958 | -0.2% |
| Stocks | 30/36 | €2,169,872 | €1,876,833 | -€293,039 | -13.5% |
| Contracts in progress | 37 | €1,271,736 | €1,557,817 | +€286,081 | +22.5% |
| Amounts receivable within one year | 40/41 | €1,068,963 | €1,275,243 | +€206,281 | +19.3% |
| Trade receivables | 40 | €942,892 | €1,136,156 | +€193,264 | +20.5% |
| Other amounts receivable | 41 | €126,071 | €139,087 | +€13,016 | +10.3% |
| Cash at bank and in hand | 54/58 | €834,306 | €1,017,338 | +€183,032 | +21.9% |
| Deferred charges and accrued income | 490/1 | €9,671 | €35,790 | +€26,119 | +270.1% |
| Total equity and liabilities | 10/49 | €6,666,884 | €7,055,073 | +€388,189 | +5.8% |
| Equity | 10/15 | €4,061,645 | €4,137,169 | +€75,524 | +1.9% |
| Contributions | 10/11 | €2,047,894 | €2,047,894 | = | 0.0% |
| Reserves | 13 | €2,013,751 | €2,089,276 | +€75,524 | +3.8% |
| Non-distributable reserves | 130/1 | €24,789 | €24,789 | = | 0.0% |
| Reserves not available under the articles | 1311 | €24,789 | €24,789 | = | 0.0% |
| Tax-exempt reserves | 132 | €19,639 | €19,639 | = | 0.0% |
| Distributable reserves | 133 | €1,969,323 | €2,044,847 | +€75,524 | +3.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €2,605,239 | €2,917,904 | +€312,665 | +12.0% |
| Amounts payable after more than one year | 17 | €205,425 | €510,819 | +€305,394 | +148.7% |
| Financial debts | 170/4 | €205,425 | €510,819 | +€305,394 | +148.7% |
| Amounts payable within one year | 42/48 | €2,151,064 | €2,407,085 | +€256,021 | +11.9% |
| Current portion of amounts payable after more than one year | 42 | €101,389 | €246,118 | +€144,729 | +142.7% |
| Financial debts | 43 | €224,150 | €222,156 | -€1,995 | -0.9% |
| Credit institutions | 430/8 | €224,150 | €222,156 | -€1,995 | -0.9% |
| Trade debts | 44 | €1,540,465 | €1,211,941 | -€328,524 | -21.3% |
| Suppliers | 440/4 | €1,540,465 | €1,211,941 | -€328,524 | -21.3% |
| Advances received on contracts in progress | 46 | - | €300,000 | +€300,000 | |
| Taxes, remuneration and social security | 45 | €285,060 | €426,796 | +€141,736 | +49.7% |
| Taxes | 450/3 | €21,796 | €88,401 | +€66,605 | +305.6% |
| Remuneration and social security | 454/9 | €263,264 | €338,395 | +€75,131 | +28.5% |
| Other amounts payable | 47/48 | €0 | €74 | +€74 | |
| Accrued charges and deferred income | 492/3 | €248,750 | - | -€248,750 | |
| Non-recurring operating income | 76A | €34,992 | €18,959 | -€16,033 | -45.8% |
| Remuneration, social security and pensions | 62 | €3,670,457 | €2,569,983 | -€1.1m | -30.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €325,879 | €363,869 | +€37,990 | +11.7% |
| Other operating charges | 640/8 | €7,335 | €5,300 | -€2,035 | -27.7% |
| Non-recurring operating charges | 66A | €247 | - | -€247 | |
| Gross operating margin | 9900 | €4,791,246 | €3,094,406 | -€1.7m | -35.4% |
| Operating profit (loss) | 9901 | €787,327 | €155,255 | -€632,073 | -80.3% |
| Financial income | 75/76B | €622 | €1,830 | +€1,208 | +194.1% |
| Recurring financial income | 75 | €622 | €1,830 | +€1,208 | +194.1% |
| Financial charges | 65/66B | €136,365 | €48,405 | -€87,960 | -64.5% |
| Recurring financial charges | 65 | €136,365 | €48,405 | -€87,960 | -64.5% |
| Profit (loss) for the period before taxes | 9903 | €651,584 | €108,679 | -€542,905 | -83.3% |
| Income taxes | 67/77 | €171,942 | €33,155 | -€138,786 | -80.7% |
| Profit (loss) for the period | 9904 | €479,643 | €75,524 | -€404,119 | -84.3% |
| Profit (loss) for the period to be appropriated | 9905 | €479,643 | €75,524 | -€404,119 | -84.3% |
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 9 October 2026 via checked.be.