LABYRINTH: 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.
LABYRINTH
Largest movements
- Tangible fixed assets +€598,619
up €598,619 (+82.0%), from €730,178 to €1.3m
of which Land and buildings: +€639,118
- Receivables within one year +€23,219
new in 2025: €23,219
of which Trade receivables: +€17,500
- Profit (loss) carried forward +€351,459
up €351,459 (+109.9%), from €319,693 to €671,152
- Debts after one year +€130,000
up €130,000 (+23.6%), from €550,000 to €680,000
- Tax, wage and social debts +€108,925
up €108,925 (+107.2%), from €101,633 to €210,557
- Trade debts +€23,772
up €23,772 (+405.4%), from €5,864 to €29,635
- Gross operating margin +€64,685
up €64,685 (+14.1%), from €458,946 to €523,632
- Depreciation +€21,856
up €21,856 (+58.3%), from €37,470 to €59,326
- Taxes +€10,495
up €10,495 (+10.5%), from €100,031 to €110,526
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 | €987,190 | €1,606,527 | +€619,337 | +62.7% |
| Fixed assets | 21/28 | €730,178 | €1,328,797 | +€598,619 | +82.0% |
| Tangible fixed assets | 22/27 | €730,178 | €1,328,797 | +€598,619 | +82.0% |
| Land and buildings | 22 | €663,178 | €1,302,296 | +€639,118 | +96.4% |
| Furniture and vehicles | 24 | - | €26,501 | +€26,501 | |
| Assets under construction and advance payments | 27 | €67,000 | - | -€67,000 | |
| Current assets | 29/58 | €257,012 | €277,730 | +€20,718 | +8.1% |
| Amounts receivable within one year | 40/41 | - | €23,219 | +€23,219 | |
| Trade receivables | 40 | - | €17,500 | +€17,500 | |
| Other amounts receivable | 41 | - | €5,719 | +€5,719 | |
| Cash at bank and in hand | 54/58 | €257,012 | €254,411 | -€2,601 | -1.0% |
| Deferred charges and accrued income | 490/1 | - | €100 | +€100 | |
| Total equity and liabilities | 10/49 | €987,190 | €1,606,527 | +€619,337 | +62.7% |
| Equity | 10/15 | €329,693 | €681,152 | +€351,459 | +106.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €319,693 | €671,152 | +€351,459 | +109.9% |
| Amounts payable | 17/49 | €657,496 | €925,374 | +€267,878 | +40.7% |
| Amounts payable after more than one year | 17 | €550,000 | €680,000 | +€130,000 | +23.6% |
| Financial debts | 170/4 | €550,000 | €680,000 | +€130,000 | +23.6% |
| Amounts payable within one year | 42/48 | €107,496 | €245,374 | +€137,878 | +128.3% |
| Trade debts | 44 | €5,864 | €29,635 | +€23,772 | +405.4% |
| Suppliers | 440/4 | €5,864 | €29,635 | +€23,772 | +405.4% |
| Taxes, remuneration and social security | 45 | €101,633 | €210,557 | +€108,925 | +107.2% |
| Taxes | 450/3 | €101,633 | €210,557 | +€108,925 | +107.2% |
| Other amounts payable | 47/48 | - | €5,182 | +€5,182 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,470 | €59,326 | +€21,856 | +58.3% |
| Other operating charges | 640/8 | €1,705 | €2,207 | +€502 | +29.4% |
| Gross operating margin | 9900 | €458,946 | €523,632 | +€64,685 | +14.1% |
| Operating profit (loss) | 9901 | €419,771 | €462,099 | +€42,328 | +10.1% |
| Financial charges | 65/66B | €47 | €114 | +€67 | +143.4% |
| Recurring financial charges | 65 | €47 | €114 | +€67 | +143.4% |
| Profit (loss) for the period before taxes | 9903 | €419,725 | €461,985 | +€42,261 | +10.1% |
| Income taxes | 67/77 | €100,031 | €110,526 | +€10,495 | +10.5% |
| Profit (loss) for the period | 9904 | €319,693 | €351,459 | +€31,766 | +9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €319,693 | €351,459 | +€31,766 | +9.9% |
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.