LABRO: 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.
LABRO
Largest movements
- Receivables within one year +€108,146
up €108,146 (+392.3%), from €27,569 to €135,715
of which Trade receivables: +€97,231
- Cash -€57,321
down €57,321 (-16.9%), from €339,492 to €282,170
mainly Receivables within one year (-€108,146) and Investment in fixed assets (net) (-€41,718)
- Tangible fixed assets -€14,880
down €14,880 (-3.8%), from €396,390 to €381,511
of which Furniture and vehicles: -€40,767
- Trade debts +€43,356
up €43,356 (+212.4%), from €20,416 to €63,772
- Reserves +€21,267
up €21,267 (+7.0%), from €304,773 to €326,040
of which Distributable reserves: +€21,267
- Current portion of long-term debt -€11,250
down €11,250 (-100.0%), from €11,250 to €0
- Other debts -€8,930
down €8,930 (-4.1%), from €217,830 to €208,899
- Gross operating margin -€75,424
down €75,424 (-40.6%), from €185,929 to €110,505
- Taxes -€23,025
down €23,025 (-68.4%), from €33,671 to €10,646
- Financial charges -€3,274
down €3,274 (-15.5%), from €21,057 to €17,783
- Depreciation +€2,272
up €2,272 (+4.2%), from €54,326 to €56,597
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 | €771,133 | €806,683 | +€35,550 | +4.6% |
| Fixed assets | 21/28 | €396,390 | €381,511 | -€14,880 | -3.8% |
| Tangible fixed assets | 22/27 | €396,390 | €381,511 | -€14,880 | -3.8% |
| Land and buildings | 22 | €229,838 | €261,331 | +€31,493 | +13.7% |
| Plant, machinery and equipment | 23 | €24,103 | €18,497 | -€5,606 | -23.3% |
| Furniture and vehicles | 24 | €142,449 | €101,682 | -€40,767 | -28.6% |
| Current assets | 29/58 | €374,742 | €425,173 | +€50,430 | +13.5% |
| Stocks and contracts in progress | 3 | €548 | €346 | -€203 | -37.0% |
| Stocks | 30/36 | €548 | €346 | -€203 | -37.0% |
| Amounts receivable within one year | 40/41 | €27,569 | €135,715 | +€108,146 | +392.3% |
| Trade receivables | 40 | €26,694 | €123,925 | +€97,231 | +364.2% |
| Other amounts receivable | 41 | €875 | €11,790 | +€10,915 | +1247.0% |
| Cash at bank and in hand | 54/58 | €339,492 | €282,170 | -€57,321 | -16.9% |
| Deferred charges and accrued income | 490/1 | €7,133 | €6,941 | -€192 | -2.7% |
| Total equity and liabilities | 10/49 | €771,133 | €806,683 | +€35,550 | +4.6% |
| Equity | 10/15 | €470,773 | €492,040 | +€21,267 | +4.5% |
| Contributions | 10/11 | €166,000 | €166,000 | = | 0.0% |
| Reserves | 13 | €304,773 | €326,040 | +€21,267 | +7.0% |
| Non-distributable reserves | 130/1 | €583 | €583 | = | 0.0% |
| Reserves not available under the articles | 1311 | €583 | €583 | = | 0.0% |
| Distributable reserves | 133 | €304,191 | €325,457 | +€21,267 | +7.0% |
| Amounts payable | 17/49 | €300,359 | €314,643 | +€14,284 | +4.8% |
| Amounts payable after more than one year | 17 | €24,789 | €24,789 | = | 0.0% |
| Financial debts | 170/4 | €24,789 | €24,789 | = | 0.0% |
| Amounts payable within one year | 42/48 | €261,201 | €277,826 | +€16,625 | +6.4% |
| Current portion of amounts payable after more than one year | 42 | €11,250 | €0 | -€11,250 | -100.0% |
| Trade debts | 44 | €20,416 | €63,772 | +€43,356 | +212.4% |
| Suppliers | 440/4 | €20,416 | €63,772 | +€43,356 | +212.4% |
| Taxes, remuneration and social security | 45 | €11,706 | €5,155 | -€6,551 | -56.0% |
| Taxes | 450/3 | €11,706 | €5,155 | -€6,551 | -56.0% |
| Other amounts payable | 47/48 | €217,830 | €208,899 | -€8,930 | -4.1% |
| Accrued charges and deferred income | 492/3 | €14,369 | €12,028 | -€2,341 | -16.3% |
| Non-recurring operating income | 76A | €4,500 | €1,748 | -€2,752 | -61.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,326 | €56,597 | +€2,272 | +4.2% |
| Other operating charges | 640/8 | €6,365 | €5,941 | -€424 | -6.7% |
| Gross operating margin | 9900 | €185,929 | €110,505 | -€75,424 | -40.6% |
| Operating profit (loss) | 9901 | €125,238 | €47,967 | -€77,271 | -61.7% |
| Financial income | 75/76B | €521 | €1,729 | +€1,208 | +231.8% |
| Recurring financial income | 75 | €521 | €1,729 | +€1,208 | +231.8% |
| Financial charges | 65/66B | €21,057 | €17,783 | -€3,274 | -15.5% |
| Recurring financial charges | 65 | €21,057 | €17,783 | -€3,274 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €104,702 | €31,913 | -€72,789 | -69.5% |
| Income taxes | 67/77 | €33,671 | €10,646 | -€23,025 | -68.4% |
| Profit (loss) for the period | 9904 | €71,031 | €21,267 | -€49,764 | -70.1% |
| Profit (loss) for the period to be appropriated | 9905 | €71,031 | €21,267 | -€49,764 | -70.1% |
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 7 October 2026 via checked.be.