LABYRINTH EVENTS: what changed
Two financial 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 EVENTS
Largest movements
- Receivables within one year +€709,721
up €709,721 (+974%), from €72,858 to €782,578
of which Other amounts receivable: +€525,105
- Cash +€14,945
up €14,945 (+2,501%), from €597 to €15,543
mainly Trade debts (+€698,449) and Other debts (+€315,791)
- Trade debts +€698,449
up €698,449 (+274%), from €254,891 to €953,340
- Profit (loss) carried forward -€344,259
down €344,259 (-173%), from -€198,544 to -€542,803
- Other debts +€315,791
new in 2025: €315,791
- Tax, wage and social debts +€44,327
up €44,327 (+277%), from €16,008 to €60,335
of which Taxes: +€42,713
- Accrued charges and deferred income +€11,903
new in 2025: €11,903
- Gross operating margin -€81,616
down €81,616 (-47.7%), from -€171,186 to -€252,802
- Other operating charges +€26,257
up €26,257 (+2,159%), from €1,216 to €27,474
- Staff costs +€9,037
up €9,037 (+18.6%), from €48,693 to €57,730
- Financial charges +€5,316
up €5,316 (+896%), from €593 to €5,909
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.
Derived cash bridge
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 | €73,455 | €799,665 | +€726,210 | +989% |
| Fixed assets | 21/28 | - | €1,544 | +€1,544 | |
| Tangible fixed assets | 22/27 | - | €1,544 | +€1,544 | |
| Furniture and vehicles | 24 | - | €1,544 | +€1,544 | |
| Current assets | 29/58 | €73,455 | €798,121 | +€724,666 | +987% |
| Amounts receivable within one year | 40/41 | €72,858 | €782,578 | +€709,721 | +974% |
| Trade receivables | 40 | €30,267 | €214,882 | +€184,615 | +610% |
| Other amounts receivable | 41 | €42,591 | €567,696 | +€525,105 | +1,233% |
| Cash at bank and in hand | 54/58 | €597 | €15,543 | +€14,945 | +2,501% |
| Total equity and liabilities | 10/49 | €73,455 | €799,665 | +€726,210 | +989% |
| Equity | 10/15 | -€197,444 | -€541,703 | -€344,259 | -174% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€198,544 | -€542,803 | -€344,259 | -173% |
| Amounts payable | 17/49 | €270,899 | €1,341,368 | +€1.1m | +395% |
| Amounts payable within one year | 42/48 | €270,899 | €1,329,465 | +€1.1m | +391% |
| Trade debts | 44 | €254,891 | €953,340 | +€698,449 | +274% |
| Suppliers | 440/4 | €254,891 | €953,340 | +€698,449 | +274% |
| Taxes, remuneration and social security | 45 | €16,008 | €60,335 | +€44,327 | +277% |
| Taxes | 450/3 | €10,255 | €52,968 | +€42,713 | +417% |
| Remuneration and social security | 454/9 | €5,753 | €7,367 | +€1,614 | +28.0% |
| Other amounts payable | 47/48 | - | €315,791 | +€315,791 | |
| Accrued charges and deferred income | 492/3 | - | €11,903 | +€11,903 | |
| Remuneration, social security and pensions | 62 | €48,693 | €57,730 | +€9,037 | +18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €356 | +€356 | |
| Other operating charges | 640/8 | €1,216 | €27,474 | +€26,257 | +2,159% |
| Gross operating margin | 9900 | -€171,186 | -€252,802 | -€81,616 | -47.7% |
| Operating profit (loss) | 9901 | -€221,096 | -€338,363 | -€117,267 | -53.0% |
| Financial income | 75/76B | €732 | €13 | -€719 | -98.2% |
| Recurring financial income | 75 | €732 | €13 | -€719 | -98.2% |
| Financial charges | 65/66B | €593 | €5,909 | +€5,316 | +896% |
| Recurring financial charges | 65 | €593 | €5,909 | +€5,316 | +896% |
| Profit (loss) for the period before taxes | 9903 | -€220,957 | -€344,259 | -€123,302 | -55.8% |
| Profit (loss) for the period | 9904 | -€220,957 | -€344,259 | -€123,302 | -55.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€220,957 | -€344,259 | -€123,302 | -55.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.