The Lab: 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.
The Lab
Largest movements
- Tangible fixed assets -€9,201
down €9,201 (-15.5%), from €59,502 to €50,301
of which Other tangible fixed assets: -€6,643
- Current investments -€1,850
down €1,850 (-76.3%), from €2,425 to €575
- Profit (loss) carried forward +€24,460
up €24,460, from -€10,291 to €14,169
- Trade debts -€22,010
down €22,010 (-82.6%), from €26,648 to €4,638
- Current portion of long-term debt -€12,270
down €12,270 (-54.7%), from €22,447 to €10,177
- Debts after one year -€10,177
down €10,177 (-34.3%), from €29,650 to €19,473
- Tax, wage and social debts +€9,838
up €9,838 (+4954.5%), from €199 to €10,037
- Gross operating margin +€14,710
up €14,710 (+51.0%), from €28,818 to €43,529
- Taxes +€5,519
new in 2025: €5,519
- Financial charges -€1,976
down €1,976 (-46.3%), from €4,269 to €2,293
- Write-downs +€963
new in 2025: €963
- Other operating charges +€469
up €469 (+67.6%), from €694 to €1,163
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 | €75,386 | €64,098 | -€11,288 | -15.0% |
| Fixed assets | 21/28 | €59,502 | €50,301 | -€9,201 | -15.5% |
| Tangible fixed assets | 22/27 | €59,502 | €50,301 | -€9,201 | -15.5% |
| Plant, machinery and equipment | 23 | €916 | €395 | -€521 | -56.9% |
| Furniture and vehicles | 24 | €5,584 | €3,547 | -€2,037 | -36.5% |
| Other tangible fixed assets | 26 | €53,002 | €46,359 | -€6,643 | -12.5% |
| Current assets | 29/58 | €15,883 | €13,797 | -€2,087 | -13.1% |
| Amounts receivable within one year | 40/41 | €11,301 | €11,288 | -€13 | -0.1% |
| Trade receivables | 40 | €10,111 | €11,259 | +€1,148 | +11.4% |
| Other amounts receivable | 41 | €1,190 | €29 | -€1,161 | -97.5% |
| Current investments | 50/53 | €2,425 | €575 | -€1,850 | -76.3% |
| Cash at bank and in hand | 54/58 | €1,154 | €1,076 | -€77 | -6.7% |
| Deferred charges and accrued income | 490/1 | €1,004 | €857 | -€147 | -14.7% |
| Total equity and liabilities | 10/49 | €75,386 | €64,098 | -€11,288 | -15.0% |
| Equity | 10/15 | -€6,291 | €18,169 | +€24,460 | |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,291 | €14,169 | +€24,460 | |
| Amounts payable | 17/49 | €81,677 | €45,929 | -€35,747 | -43.8% |
| Amounts payable after more than one year | 17 | €29,650 | €19,473 | -€10,177 | -34.3% |
| Financial debts | 170/4 | €29,650 | €19,473 | -€10,177 | -34.3% |
| Amounts payable within one year | 42/48 | €52,027 | €26,456 | -€25,571 | -49.1% |
| Current portion of amounts payable after more than one year | 42 | €22,447 | €10,177 | -€12,270 | -54.7% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €26,648 | €4,638 | -€22,010 | -82.6% |
| Suppliers | 440/4 | €26,648 | €4,638 | -€22,010 | -82.6% |
| Taxes, remuneration and social security | 45 | €199 | €10,037 | +€9,838 | +4954.5% |
| Taxes | 450/3 | €199 | €10,037 | +€9,838 | +4954.5% |
| Other amounts payable | 47/48 | €2,733 | €1,605 | -€1,128 | -41.3% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,612 | €9,201 | -€411 | -4.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €963 | +€963 | |
| Other operating charges | 640/8 | €694 | €1,163 | +€469 | +67.6% |
| Non-recurring operating charges | 66A | €625 | €0 | -€625 | -100.0% |
| Gross operating margin | 9900 | €28,818 | €43,529 | +€14,710 | +51.0% |
| Operating profit (loss) | 9901 | €17,888 | €32,202 | +€14,314 | +80.0% |
| Financial income | 75/76B | €0 | €70 | +€70 | |
| Recurring financial income | 75 | €0 | €70 | +€70 | |
| Financial charges | 65/66B | €4,269 | €2,293 | -€1,976 | -46.3% |
| Recurring financial charges | 65 | €4,269 | €2,293 | -€1,976 | -46.3% |
| Profit (loss) for the period before taxes | 9903 | €13,619 | €29,979 | +€16,360 | +120.1% |
| Income taxes | 67/77 | - | €5,519 | +€5,519 | |
| Profit (loss) for the period | 9904 | €13,619 | €24,460 | +€10,841 | +79.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,619 | €24,460 | +€10,841 | +79.6% |
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 10 October 2026 via checked.be.