Labory 51: 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.
Labory 51
Largest movements
- Tangible fixed assets +€2.4m
up €2.4m (+33.9%), from €7.0m to €9.3m
of which Land and buildings: +€2.4m
- Receivables within one year +€201,773
up €201,773 (+411.6%), from €49,026 to €250,799
of which Other amounts receivable: +€204,544
- Debts after one year +€2.5m
up €2.5m (+55.5%), from €4.4m to €6.9m
- Profit (loss) carried forward -€532,539
down €532,539 (-31.4%), from -€1.7m to -€2.2m
- Current portion of long-term debt +€322,674
new in 2025: €322,674
- Trade debts +€236,022
up €236,022 (+96.4%), from €244,939 to €480,962
- Depreciation +€89,120
up €89,120 (+34.0%), from €262,195 to €351,315
- Financial charges +€30,010
up €30,010 (+30.6%), from €98,218 to €128,228
- Gross operating margin +€23,254
up €23,254 (+33.0%), from -€70,372 to -€47,118
- Other operating charges +€12,113
up €12,113 (+3416.1%), from €355 to €12,468
- Financial income +€6,590
up €6,590, from €0 to €6,590
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 | €7,041,161 | €9,574,884 | +€2.5m | +36.0% |
| Fixed assets | 21/28 | €6,963,342 | €9,323,246 | +€2.4m | +33.9% |
| Tangible fixed assets | 22/27 | €6,963,342 | €9,323,246 | +€2.4m | +33.9% |
| Land and buildings | 22 | €6,962,789 | €9,323,246 | +€2.4m | +33.9% |
| Plant, machinery and equipment | 23 | €553 | €0 | -€553 | -100.0% |
| Current assets | 29/58 | €77,819 | €251,638 | +€173,819 | +223.4% |
| Amounts receivable within one year | 40/41 | €49,026 | €250,799 | +€201,773 | +411.6% |
| Trade receivables | 40 | €5,452 | €2,681 | -€2,772 | -50.8% |
| Other amounts receivable | 41 | €43,574 | €248,118 | +€204,544 | +469.4% |
| Cash at bank and in hand | 54/58 | €25,357 | €0 | -€25,357 | -100.0% |
| Deferred charges and accrued income | 490/1 | €3,436 | €839 | -€2,597 | -75.6% |
| Total equity and liabilities | 10/49 | €7,041,161 | €9,574,884 | +€2.5m | +36.0% |
| Equity | 10/15 | -€1,268,667 | -€1,801,206 | -€532,539 | -42.0% |
| Contributions | 10/11 | €424,800 | €424,800 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€1,693,467 | -€2,226,006 | -€532,539 | -31.4% |
| Amounts payable | 17/49 | €8,309,828 | €11,376,091 | +€3.1m | +36.9% |
| Amounts payable after more than one year | 17 | €4,419,889 | €6,872,455 | +€2.5m | +55.5% |
| Financial debts | 170/4 | €4,419,889 | €6,872,455 | +€2.5m | +55.5% |
| Amounts payable within one year | 42/48 | €3,889,939 | €4,503,635 | +€613,696 | +15.8% |
| Current portion of amounts payable after more than one year | 42 | - | €322,674 | +€322,674 | |
| Trade debts | 44 | €244,939 | €480,962 | +€236,022 | +96.4% |
| Suppliers | 440/4 | €244,939 | €480,962 | +€236,022 | +96.4% |
| Other amounts payable | 47/48 | €3,645,000 | €3,700,000 | +€55,000 | +1.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €262,195 | €351,315 | +€89,120 | +34.0% |
| Other operating charges | 640/8 | €355 | €12,468 | +€12,113 | +3416.1% |
| Gross operating margin | 9900 | -€70,372 | -€47,118 | +€23,254 | +33.0% |
| Operating profit (loss) | 9901 | -€332,922 | -€410,901 | -€77,979 | -23.4% |
| Financial income | 75/76B | €0 | €6,590 | +€6,590 | |
| Recurring financial income | 75 | €0 | €6,590 | +€6,590 | |
| Financial charges | 65/66B | €98,218 | €128,228 | +€30,010 | +30.6% |
| Recurring financial charges | 65 | €98,218 | €128,228 | +€30,010 | +30.6% |
| Profit (loss) for the period before taxes | 9903 | -€431,139 | -€532,539 | -€101,400 | -23.5% |
| Profit (loss) for the period | 9904 | -€431,139 | -€532,539 | -€101,400 | -23.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€431,139 | -€532,539 | -€101,400 | -23.5% |
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 4 October 2026 via checked.be.