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.
LABOREX
Largest movements
- Tangible fixed assets -€95,992
down €95,992 (-22.0%), from €437,185 to €341,193
of which Furniture and vehicles: -€93,495
- Current investments +€93,120
up €93,120 (+4.2%), from €2.2m to €2.3m
- Accrued charges and deferred income +€160,600
up €160,600 (+121.3%), from €132,363 to €292,964
- Profit (loss) carried forward -€104,760
down €104,760 (-4.3%), from €2.4m to €2.3m
- Debts after one year -€59,829
down €59,829 (-15.2%), from €394,084 to €334,255
- Purchases and services -€354,770
no longer reported in 2025 (was €354,770)
- Gross operating margin -€120,620
down €120,620 (-69.9%), from €172,644 to €52,024
- Financial charges +€50,683
up €50,683 (+221.5%), from €22,886 to €73,569
- Depreciation +€50,166
up €50,166 (+109.5%), from €45,826 to €95,992
- Taxes -€22,188
down €22,188 (-97.4%), from €22,791 to €603
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 | €3,282,815 | €3,269,827 | -€12,987 | -0.4% |
| Fixed assets | 21/28 | €437,185 | €341,193 | -€95,992 | -22.0% |
| Tangible fixed assets | 22/27 | €437,185 | €341,193 | -€95,992 | -22.0% |
| Plant, machinery and equipment | 23 | €13,038 | €10,541 | -€2,497 | -19.2% |
| Furniture and vehicles | 24 | €424,147 | €330,652 | -€93,495 | -22.0% |
| Current assets | 29/58 | €2,845,630 | €2,928,635 | +€83,005 | +2.9% |
| Amounts receivable within one year | 40/41 | €150,439 | €166,167 | +€15,728 | +10.5% |
| Trade receivables | 40 | €129,216 | €97,493 | -€31,723 | -24.6% |
| Other amounts receivable | 41 | €21,223 | €68,674 | +€47,451 | +223.6% |
| Current investments | 50/53 | €2,226,844 | €2,319,964 | +€93,120 | +4.2% |
| Cash at bank and in hand | 54/58 | €461,625 | €433,678 | -€27,948 | -6.1% |
| Deferred charges and accrued income | 490/1 | €6,721 | €8,826 | +€2,105 | +31.3% |
| Total equity and liabilities | 10/49 | €3,282,815 | €3,269,827 | -€12,987 | -0.4% |
| Equity | 10/15 | €2,558,570 | €2,453,810 | -€104,760 | -4.1% |
| Contributions | 10/11 | €24,800 | €24,800 | = | 0.0% |
| Reserves | 13 | €122,741 | €122,741 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €103,991 | €103,991 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,411,029 | €2,306,270 | -€104,760 | -4.3% |
| Amounts payable | 17/49 | €724,245 | €816,017 | +€91,772 | +12.7% |
| Amounts payable after more than one year | 17 | €394,084 | €334,255 | -€59,829 | -15.2% |
| Financial debts | 170/4 | €394,084 | €334,255 | -€59,829 | -15.2% |
| Amounts payable within one year | 42/48 | €197,797 | €188,799 | -€8,999 | -4.5% |
| Current portion of amounts payable after more than one year | 42 | €57,682 | €59,829 | +€2,147 | +3.7% |
| Trade debts | 44 | €123,897 | €118,570 | -€5,326 | -4.3% |
| Suppliers | 440/4 | €123,897 | €118,570 | -€5,326 | -4.3% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €16,057 | €8,349 | -€7,708 | -48.0% |
| Taxes | 450/3 | €16,057 | €8,349 | -€7,708 | -48.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €161 | €2,050 | +€1,889 | +1172.4% |
| Accrued charges and deferred income | 492/3 | €132,363 | €292,964 | +€160,600 | +121.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €354,770 | - | -€354,770 | |
| Remuneration, social security and pensions | 62 | €68,600 | €73,048 | +€4,448 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,826 | €95,992 | +€50,166 | +109.5% |
| Other operating charges | 640/8 | €1,237 | €1,230 | -€7 | -0.6% |
| Gross operating margin | 9900 | €172,644 | €52,024 | -€120,620 | -69.9% |
| Operating profit (loss) | 9901 | €56,981 | -€118,246 | -€175,227 | |
| Financial income | 75/76B | €76,948 | €87,658 | +€10,710 | +13.9% |
| Recurring financial income | 75 | €76,948 | €87,658 | +€10,710 | +13.9% |
| Financial charges | 65/66B | €22,886 | €73,569 | +€50,683 | +221.5% |
| Recurring financial charges | 65 | €22,886 | €73,569 | +€50,683 | +221.5% |
| Profit (loss) for the period before taxes | 9903 | €111,043 | -€104,157 | -€215,200 | |
| Income taxes | 67/77 | €22,791 | €603 | -€22,188 | -97.4% |
| Profit (loss) for the period | 9904 | €88,252 | -€104,760 | -€193,012 | |
| Profit (loss) for the period to be appropriated | 9905 | €88,252 | -€104,760 | -€193,012 |
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 12 October 2026 via checked.be.