LAUBEL: 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.
LAUBEL
Largest movements
- Receivables after one year -€25,592
no longer reported in 2024 (was €25,592)
- Tangible fixed assets -€22,303
down €22,303 (-2.7%), from €829,302 to €806,999
of which Land and buildings: -€39,444
- Cash -€18,314
down €18,314 (-69.6%), from €26,323 to €8,009
mainly Debts after one year (-€44,609) and Other debts (-€43,600)
- Debts after one year -€44,609
down €44,609 (-7.8%), from €571,321 to €526,712
- Other debts -€43,600
down €43,600 (-21.1%), from €206,222 to €162,622
- Reserves +€22,844
new in 2024: €22,844
- Financial income -€18,193
no longer reported in 2024 (was €18,193)
of which Financial income: -€18,193
- Gross operating margin +€15,391
up €15,391 (+22.8%), from €67,604 to €82,994
- Taxes +€5,111
up €5,111 (+1041.2%), from €491 to €5,602
- Depreciation +€1,452
up €1,452 (+3.6%), from €40,001 to €41,454
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €882,706 | €819,576 | -€63,130 | -7.2% |
| Formation expenses | 20 | €1,490 | €1,271 | -€219 | -14.7% |
| Fixed assets | 21/28 | €829,302 | €806,999 | -€22,303 | -2.7% |
| Tangible fixed assets | 22/27 | €829,302 | €806,999 | -€22,303 | -2.7% |
| Land and buildings | 22 | €828,907 | €789,463 | -€39,444 | -4.8% |
| Plant, machinery and equipment | 23 | - | €16,384 | +€16,384 | |
| Furniture and vehicles | 24 | €396 | €1,152 | +€756 | +191.0% |
| Current assets | 29/58 | €51,914 | €11,306 | -€40,608 | -78.2% |
| Amounts receivable after more than one year | 29 | €25,592 | - | -€25,592 | |
| Trade receivables | 290 | €25,592 | - | -€25,592 | |
| Amounts receivable within one year | 40/41 | - | €3,297 | +€3,297 | |
| Trade receivables | 40 | - | €3,297 | +€3,297 | |
| Cash at bank and in hand | 54/58 | €26,323 | €8,009 | -€18,314 | -69.6% |
| Total equity and liabilities | 10/49 | €882,706 | €819,576 | -€63,130 | -7.2% |
| Equity | 10/15 | €57,746 | €81,844 | +€24,098 | +41.7% |
| Contributions | 10/11 | €59,000 | €59,000 | = | 0.0% |
| Reserves | 13 | - | €22,844 | +€22,844 | |
| Distributable reserves | 133 | - | €22,844 | +€22,844 | |
| Profit (loss) carried forward | 14 | -€1,254 | - | +€1,254 | |
| Amounts payable | 17/49 | €824,960 | €737,731 | -€87,228 | -10.6% |
| Amounts payable after more than one year | 17 | €571,321 | €526,712 | -€44,609 | -7.8% |
| Financial debts | 170/4 | €571,321 | €526,712 | -€44,609 | -7.8% |
| Amounts payable within one year | 42/48 | €253,639 | €211,019 | -€42,620 | -16.8% |
| Current portion of amounts payable after more than one year | 42 | €43,868 | €44,609 | +€740 | +1.7% |
| Trade debts | 44 | €1,376 | €902 | -€474 | -34.5% |
| Suppliers | 440/4 | €1,376 | €902 | -€474 | -34.5% |
| Taxes, remuneration and social security | 45 | €2,173 | €2,887 | +€714 | +32.9% |
| Taxes | 450/3 | €2,173 | €2,887 | +€714 | +32.9% |
| Other amounts payable | 47/48 | €206,222 | €162,622 | -€43,600 | -21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,001 | €41,454 | +€1,452 | +3.6% |
| Other operating charges | 640/8 | €1,313 | €2,055 | +€742 | +56.5% |
| Gross operating margin | 9900 | €67,604 | €82,994 | +€15,391 | +22.8% |
| Operating profit (loss) | 9901 | €26,290 | €39,486 | +€13,197 | +50.2% |
| Financial income | 75/76B | €18,193 | - | -€18,193 | |
| Recurring financial income | 75 | €18,193 | - | -€18,193 | |
| Non-recurring financial income | 76B | €18,193 | - | -€18,193 | |
| Financial charges | 65/66B | €10,454 | €9,787 | -€668 | -6.4% |
| Recurring financial charges | 65 | €10,454 | €9,787 | -€668 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €34,029 | €29,700 | -€4,329 | -12.7% |
| Income taxes | 67/77 | €491 | €5,602 | +€5,111 | +1041.2% |
| Profit (loss) for the period | 9904 | €33,538 | €24,098 | -€9,440 | -28.1% |
| Profit (loss) for the period to be appropriated | 9905 | €33,538 | €24,098 | -€9,440 | -28.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.