LABRUM: 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.
LABRUM
Largest movements
- Receivables within one year +€220,018
up €220,018 (+35.4%), from €622,180 to €842,197
of which Trade receivables: +€217,057
- Stocks and contracts +€211,814
up €211,814 (+37.5%), from €565,108 to €776,922
- Cash +€27,468
up €27,468 (+76.9%), from €35,730 to €63,198
mainly Other debts (+€387,706) and Trade debts (+€91,136)
- Tangible fixed assets +€24,678
up €24,678 (+11.3%), from €218,392 to €243,070
of which Other tangible fixed assets: +€27,350
- Other debts +€387,706
up €387,706 (+49.1%), from €789,118 to €1.2m
- Trade debts +€91,136
up €91,136 (+46.2%), from €197,365 to €288,502
- Tax, wage and social debts +€25,405
up €25,405 (+25.0%), from €101,707 to €127,111
of which Remuneration and social security: +€19,020
- Staff costs +€106,547
up €106,547 (+12.0%), from €891,421 to €997,968
- Gross operating margin +€72,494
up €72,494 (+6.9%), from €1.0m to €1.1m
- Depreciation -€12,056
down €12,056 (-21.0%), from €57,442 to €45,386
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 | €1,463,413 | €1,939,402 | +€475,989 | +32.5% |
| Fixed assets | 21/28 | €218,892 | €243,570 | +€24,678 | +11.3% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €218,392 | €243,070 | +€24,678 | +11.3% |
| Plant, machinery and equipment | 23 | €137,743 | €145,094 | +€7,351 | +5.3% |
| Furniture and vehicles | 24 | €1,189 | €1,061 | -€128 | -10.8% |
| Leasing and similar rights | 25 | €67,796 | €57,902 | -€9,894 | -14.6% |
| Other tangible fixed assets | 26 | €11,664 | €39,014 | +€27,350 | +234.5% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €1,244,521 | €1,695,832 | +€451,311 | +36.3% |
| Stocks and contracts in progress | 3 | €565,108 | €776,922 | +€211,814 | +37.5% |
| Stocks | 30/36 | €565,108 | €776,922 | +€211,814 | +37.5% |
| Amounts receivable within one year | 40/41 | €622,180 | €842,197 | +€220,018 | +35.4% |
| Trade receivables | 40 | €612,696 | €829,753 | +€217,057 | +35.4% |
| Other amounts receivable | 41 | €9,483 | €12,444 | +€2,961 | +31.2% |
| Cash at bank and in hand | 54/58 | €35,730 | €63,198 | +€27,468 | +76.9% |
| Deferred charges and accrued income | 490/1 | €21,503 | €13,514 | -€7,989 | -37.2% |
| Total equity and liabilities | 10/49 | €1,463,413 | €1,939,402 | +€475,989 | +32.5% |
| Equity | 10/15 | €147,466 | €153,382 | +€5,917 | +4.0% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €107,466 | €113,382 | +€5,917 | +5.5% |
| Distributable reserves | 133 | €107,466 | €113,382 | +€5,917 | +5.5% |
| Amounts payable | 17/49 | €1,315,947 | €1,786,020 | +€470,072 | +35.7% |
| Amounts payable after more than one year | 17 | €17,091 | €0 | -€17,091 | -100.0% |
| Financial debts | 170/4 | €17,091 | €0 | -€17,091 | -100.0% |
| Amounts payable within one year | 42/48 | €1,298,661 | €1,786,020 | +€487,359 | +37.5% |
| Current portion of amounts payable after more than one year | 42 | €30,841 | €15,393 | -€15,448 | -50.1% |
| Financial debts | 43 | €178,601 | €176,641 | -€1,960 | -1.1% |
| Credit institutions | 430/8 | €178,601 | €176,641 | -€1,960 | -1.1% |
| Trade debts | 44 | €197,365 | €288,502 | +€91,136 | +46.2% |
| Suppliers | 440/4 | €197,365 | €288,502 | +€91,136 | +46.2% |
| Advances received on contracts in progress | 46 | €1,029 | €1,549 | +€519 | +50.5% |
| Taxes, remuneration and social security | 45 | €101,707 | €127,111 | +€25,405 | +25.0% |
| Taxes | 450/3 | - | €6,384 | +€6,384 | |
| Remuneration and social security | 454/9 | €101,707 | €120,727 | +€19,020 | +18.7% |
| Other amounts payable | 47/48 | €789,118 | €1,176,824 | +€387,706 | +49.1% |
| Accrued charges and deferred income | 492/3 | €196 | €0 | -€196 | -100.0% |
| Non-recurring operating income | 76A | €1,240 | €0 | -€1,240 | -100.0% |
| Remuneration, social security and pensions | 62 | €891,421 | €997,968 | +€106,547 | +12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,442 | €45,386 | -€12,056 | -21.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €8,318 | €5,085 | -€3,233 | -38.9% |
| Non-recurring operating charges | 66A | - | €5,148 | +€5,148 | |
| Gross operating margin | 9900 | €1,044,322 | €1,116,816 | +€72,494 | +6.9% |
| Operating profit (loss) | 9901 | €87,142 | €63,230 | -€23,912 | -27.4% |
| Financial income | 75/76B | €38 | €116 | +€78 | +206.8% |
| Recurring financial income | 75 | €38 | €116 | +€78 | +206.8% |
| Financial charges | 65/66B | €37,427 | €47,583 | +€10,156 | +27.1% |
| Recurring financial charges | 65 | €37,427 | €47,583 | +€10,156 | +27.1% |
| Profit (loss) for the period before taxes | 9903 | €49,753 | €15,763 | -€33,990 | -68.3% |
| Income taxes | 67/77 | €18,709 | €9,847 | -€8,862 | -47.4% |
| Profit (loss) for the period | 9904 | €31,044 | €5,917 | -€25,127 | -80.9% |
| Profit (loss) for the period to be appropriated | 9905 | €31,044 | €5,917 | -€25,127 | -80.9% |
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 30 September 2026 via checked.be.