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LABORHIM: 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.

What changed

LABORHIM

BE 0447.487.427
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€181,861
2024 · -€193,451+€375,312
Equity
€2.4m
2024 · €2.2m+€157,112
Cash
€148,305
2024 · €37,321+€110,984
Balance sheet total
€2.7m
2024 · €2.5m+€247,604

Largest movements

2024 to 2025
Assets
  • Tangible fixed assets +€474,437

    up €474,437 (+32.4%), from €1.5m to €1.9m

    of which Land and buildings: +€509,863

  • Current investments -€300,000

    down €300,000 (-100.0%), from €300,000 to €0

  • Cash +€110,984

    up €110,984 (+297.4%), from €37,321 to €148,305

    mainly Current investments (+€300,000) and Depreciation (+€209,677)

Equity and liabilities
  • Reserves +€254,548

    up €254,548 (+21.4%), from €1.2m to €1.4m

    of which Tax-exempt reserves: +€279,297

  • Profit (loss) carried forward -€97,436

    down €97,436 (-44.5%), from -€218,900 to -€316,336

  • Provisions +€93,099

    up €93,099 (+49.2%), from €189,054 to €282,153

  • Other debts +€30,452

    up €30,452, from €0 to €30,452

  • Debts after one year -€29,472

    down €29,472 (-92.2%), from €31,950 to €2,477

Income statement
  • Gross operating margin +€433,545

    up €433,545 (+835.4%), from €51,894 to €485,439

  • Financial charges -€121,061

    down €121,061 (-98.9%), from €122,361 to €1,299

    of which Non-recurring financial charges: -€120,300

  • Depreciation +€106,697

    up €106,697 (+103.6%), from €102,980 to €209,677

From the 2024 result to the 2025 result

effect on the 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 -€193,451
Gross operating margin +€433,545
Depreciation -€106,697
Other operating charges -€235
Other operating items +€8,141
Financial income +€4,200
Financial charges +€121,061
Taxes -€87
Deferred taxes and other -€84,616
Result 2025 €181,861

Cash bridge derived

cash 2024 to 2025

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 +€548,856
Investment -€384,114
Financing -€53,757
Cash 2024 €37,321
Net result for the year +€181,861
Depreciation +€209,677
Receivables after one year +€22,682
Receivables within one year +€13,997
Smaller working-capital items -€492
Provisions +€93,099
Other debts +€30,452
Accrued charges and deferred income -€2,421
Investment in fixed assets (net) -€684,114
Current investments +€300,000
Debts after one year -€29,472
Current portion of long-term debt +€465
Contributions, distributions and other -€24,750
Cash 2025 €148,305
Every line side by side 56 lines
Line Code 2024 2025 Change %
Total assets 20/58 €2,451,177 €2,698,781 +€247,604 +10.1%
Fixed assets 21/28 €1,964,368 €2,438,805 +€474,437 +24.2%
Tangible fixed assets 22/27 €1,464,368 €1,938,805 +€474,437 +32.4%
Land and buildings 22 €1,355,421 €1,865,284 +€509,863 +37.6%
Furniture and vehicles 24 €108,947 €73,521 -€35,426 -32.5%
Financial fixed assets 28 €500,000 €500,000 = 0.0%
Current assets 29/58 €486,809 €259,976 -€226,833 -46.6%
Amounts receivable after more than one year 29 €22,682 €0 -€22,682 -100.0%
Other amounts receivable 291 €22,682 €0 -€22,682 -100.0%
Amounts receivable within one year 40/41 €120,046 €106,049 -€13,997 -11.7%
Trade receivables 40 €8,829 €3,239 -€5,589 -63.3%
Other amounts receivable 41 €111,218 €102,810 -€8,407 -7.6%
Current investments 50/53 €300,000 €0 -€300,000 -100.0%
Cash at bank and in hand 54/58 €37,321 €148,305 +€110,984 +297.4%
Deferred charges and accrued income 490/1 €6,760 €5,622 -€1,139 -16.8%
Total equity and liabilities 10/49 €2,451,177 €2,698,781 +€247,604 +10.1%
Equity 10/15 €2,193,119 €2,350,231 +€157,112 +7.2%
Contributions 10/11 €1,224,261 €1,224,261 = 0.0%
Reserves 13 €1,187,758 €1,442,306 +€254,548 +21.4%
Non-distributable reserves 130/1 €0 - =
Reserves not available under the articles 1311 €0 - =
Tax-exempt reserves 132 €567,161 €846,458 +€279,297 +49.2%
Distributable reserves 133 €620,598 €595,848 -€24,750 -4.0%
Profit (loss) carried forward 14 -€218,900 -€316,336 -€97,436 -44.5%
Provisions and deferred taxes 16 €189,054 €282,153 +€93,099 +49.2%
Deferred taxes 168 €189,054 €282,153 +€93,099 +49.2%
Amounts payable 17/49 €69,004 €66,397 -€2,607 -3.8%
Amounts payable after more than one year 17 €31,950 €2,477 -€29,472 -92.2%
Financial debts 170/4 €31,950 €2,477 -€29,472 -92.2%
Amounts payable within one year 42/48 €31,479 €60,765 +€29,286 +93.0%
Current portion of amounts payable after more than one year 42 €29,007 €29,472 +€465 +1.6%
Trade debts 44 €2,471 €841 -€1,631 -66.0%
Suppliers 440/4 €2,471 €841 -€1,631 -66.0%
Taxes, remuneration and social security 45 €0 - =
Taxes 450/3 €0 - =
Other amounts payable 47/48 €0 €30,452 +€30,452
Accrued charges and deferred income 492/3 €5,576 €3,155 -€2,421 -43.4%
Non-recurring operating income 76A €44,984 €535,299 +€490,315 +1090.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €102,980 €209,677 +€106,697 +103.6%
Other operating charges 640/8 €8,118 €8,353 +€235 +2.9%
Non-recurring operating charges 66A €8,141 €0 -€8,141 -100.0%
Gross operating margin 9900 €51,894 €485,439 +€433,545 +835.4%
Operating profit (loss) 9901 -€67,346 €267,409 +€334,755
Financial income 75/76B €5,110 €9,310 +€4,200 +82.2%
Recurring financial income 75 €5,110 €9,310 +€4,200 +82.2%
Financial charges 65/66B €122,361 €1,299 -€121,061 -98.9%
Recurring financial charges 65 €2,061 €1,299 -€761 -36.9%
Non-recurring financial charges 66B €120,300 €0 -€120,300 -100.0%
Profit (loss) for the period before taxes 9903 -€184,596 €275,419 +€460,016
Transfer from deferred taxes 780 €2,763 €32,108 +€29,345 +1062.1%
Transfer to deferred taxes 680 €11,246 €125,207 +€113,961 +1013.4%
Income taxes 67/77 €371 €459 +€87 +23.5%
Profit (loss) for the period 9904 -€193,451 €181,861 +€375,312
Transfer from tax-exempt reserves 789 €8,289 €96,324 +€88,035 +1062.1%
Transfer to tax-exempt reserves 689 €33,738 €375,621 +€341,883 +1013.4%
Profit (loss) for the period to be appropriated 9905 -€218,900 -€97,436 +€121,464 +55.5%

Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.