LABRES: 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.
LABRES
Largest movements
- Tangible fixed assets -€186,754
down €186,754 (-12.2%), from €1.5m to €1.3m
of which Plant, machinery and equipment: -€120,148
- Cash +€130,344
up €130,344 (+33.0%), from €394,582 to €524,925
mainly Depreciation (+€227,322) and Net result for the year (+€207,509)
- Receivables within one year -€87,692
down €87,692 (-50.5%), from €173,641 to €85,949
of which Trade receivables: -€78,077
- Financial fixed assets +€23,421
up €23,421 (+61.3%), from €38,192 to €61,613
- Debts after one year -€208,724
down €208,724 (-42.6%), from €490,443 to €281,719
- Reserves +€207,509
up €207,509 (+19.2%), from €1.1m to €1.3m
- Other debts -€74,131
down €74,131 (-32.1%), from €230,704 to €156,573
- Tax, wage and social debts -€37,452
down €37,452 (-50.5%), from €74,108 to €36,657
of which Remuneration and social security: -€22,705
- Current portion of long-term debt -€26,359
down €26,359 (-17.0%), from €155,082 to €128,724
- Gross operating margin -€621,172
down €621,172 (-37.9%), from €1.6m to €1.0m
- Staff costs -€403,213
down €403,213 (-50.0%), from €805,844 to €402,631
- Taxes -€78,891
down €78,891 (-46.4%), from €169,906 to €91,015
- Other operating charges +€34,833
up €34,833 (+121.1%), from €28,762 to €63,595
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 | €2,209,961 | €2,084,315 | -€125,647 | -5.7% |
| Fixed assets | 21/28 | €1,565,439 | €1,402,106 | -€163,333 | -10.4% |
| Tangible fixed assets | 22/27 | €1,527,247 | €1,340,493 | -€186,754 | -12.2% |
| Land and buildings | 22 | €987,656 | €916,128 | -€71,528 | -7.2% |
| Plant, machinery and equipment | 23 | €537,928 | €417,781 | -€120,148 | -22.3% |
| Furniture and vehicles | 24 | €1,663 | €6,585 | +€4,921 | +295.9% |
| Financial fixed assets | 28 | €38,192 | €61,613 | +€23,421 | +61.3% |
| Current assets | 29/58 | €644,522 | €682,208 | +€37,686 | +5.8% |
| Stocks and contracts in progress | 3 | €45,500 | €45,500 | = | 0.0% |
| Stocks | 30/36 | €45,500 | €45,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €173,641 | €85,949 | -€87,692 | -50.5% |
| Trade receivables | 40 | €103,479 | €25,401 | -€78,077 | -75.5% |
| Other amounts receivable | 41 | €70,163 | €60,548 | -€9,615 | -13.7% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €394,582 | €524,925 | +€130,344 | +33.0% |
| Deferred charges and accrued income | 490/1 | €30,799 | €25,834 | -€4,965 | -16.1% |
| Total equity and liabilities | 10/49 | €2,209,961 | €2,084,315 | -€125,647 | -5.7% |
| Equity | 10/15 | €1,235,770 | €1,441,030 | +€205,260 | +16.6% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €1,081,272 | €1,288,781 | +€207,509 | +19.2% |
| Distributable reserves | 133 | €1,081,272 | €1,288,781 | +€207,509 | +19.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €4,498 | €2,249 | -€2,249 | -50.0% |
| Amounts payable | 17/49 | €974,192 | €643,285 | -€330,907 | -34.0% |
| Amounts payable after more than one year | 17 | €490,443 | €281,719 | -€208,724 | -42.6% |
| Financial debts | 170/4 | €490,443 | €281,719 | -€208,724 | -42.6% |
| Amounts payable within one year | 42/48 | €475,625 | €351,968 | -€123,657 | -26.0% |
| Current portion of amounts payable after more than one year | 42 | €155,082 | €128,724 | -€26,359 | -17.0% |
| Trade debts | 44 | €15,730 | €30,014 | +€14,284 | +90.8% |
| Suppliers | 440/4 | €15,730 | €30,014 | +€14,284 | +90.8% |
| Taxes, remuneration and social security | 45 | €74,108 | €36,657 | -€37,452 | -50.5% |
| Taxes | 450/3 | €36,410 | €21,663 | -€14,747 | -40.5% |
| Remuneration and social security | 454/9 | €37,698 | €14,993 | -€22,705 | -60.2% |
| Other amounts payable | 47/48 | €230,704 | €156,573 | -€74,131 | -32.1% |
| Accrued charges and deferred income | 492/3 | €8,124 | €9,598 | +€1,474 | +18.1% |
| Non-recurring operating income | 76A | €8,400 | €18,916 | +€10,516 | +125.2% |
| Remuneration, social security and pensions | 62 | €805,844 | €402,631 | -€403,213 | -50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €235,715 | €227,322 | -€8,393 | -3.6% |
| Other operating charges | 640/8 | €28,762 | €63,595 | +€34,833 | +121.1% |
| Gross operating margin | 9900 | €1,639,773 | €1,018,601 | -€621,172 | -37.9% |
| Operating profit (loss) | 9901 | €569,452 | €325,053 | -€244,399 | -42.9% |
| Financial income | 75/76B | €12,102 | €1,966 | -€10,136 | -83.8% |
| Recurring financial income | 75 | €12,102 | €1,966 | -€10,136 | -83.8% |
| Financial charges | 65/66B | €35,435 | €28,496 | -€6,940 | -19.6% |
| Recurring financial charges | 65 | €35,435 | €28,496 | -€6,940 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | €546,119 | €298,523 | -€247,595 | -45.3% |
| Income taxes | 67/77 | €169,906 | €91,015 | -€78,891 | -46.4% |
| Profit (loss) for the period | 9904 | €376,213 | €207,509 | -€168,704 | -44.8% |
| Profit (loss) for the period to be appropriated | 9905 | €376,213 | €207,509 | -€168,704 | -44.8% |
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 6 October 2026 via checked.be.