ETS JEAN LOBET: 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.
ETS JEAN LOBET
Largest movements
- Tangible fixed assets -€40,765
down €40,765 (-14.0%), from €291,408 to €250,643
- Stocks and contracts +€11,725
up €11,725 (+6.0%), from €193,883 to €205,609
- Other debts +€78,525
up €78,525 (+14,201%), from €553 to €79,078
- Profit (loss) carried forward -€40,213
down €40,213, from €30,203 to -€10,010
- Debts after one year -€30,776
down €30,776 (-53.9%), from €57,111 to €26,335
- Tax, wage and social debts -€16,047
down €16,047 (-38.4%), from €41,820 to €25,773
of which Taxes: -€26,239
- Trade debts -€13,506
down €13,506 (-28.9%), from €46,754 to €33,247
- Gross operating margin -€22,859
down €22,859 (-26.0%), from €87,841 to €64,982
- Staff costs -€20,285
down €20,285 (-30.3%), from €66,947 to €46,662
- Financial charges -€4,758
down €4,758 (-31.3%), from €15,218 to €10,460
of which Financial charges: -€2,538
- Depreciation -€903
down €903 (-2.2%), from €41,668 to €40,765
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 | €502,558 | €475,770 | -€26,788 | -5.3% |
| Fixed assets | 21/28 | €292,128 | €251,363 | -€40,765 | -14.0% |
| Tangible fixed assets | 22/27 | €291,408 | €250,643 | -€40,765 | -14.0% |
| Land and buildings | 22 | €291,408 | €250,643 | -€40,765 | -14.0% |
| Financial fixed assets | 28 | €720 | €720 | = | 0.0% |
| Current assets | 29/58 | €210,431 | €224,408 | +€13,977 | +6.6% |
| Stocks and contracts in progress | 3 | €193,883 | €205,609 | +€11,725 | +6.0% |
| Stocks | 30/36 | €193,883 | €205,609 | +€11,725 | +6.0% |
| Amounts receivable within one year | 40/41 | €16,035 | €18,020 | +€1,985 | +12.4% |
| Trade receivables | 40 | €16,035 | €18,020 | +€1,985 | +12.4% |
| Cash at bank and in hand | 54/58 | €513 | €779 | +€267 | +52.0% |
| Total equity and liabilities | 10/49 | €502,558 | €475,770 | -€26,788 | -5.3% |
| Equity | 10/15 | €208,657 | €167,048 | -€41,609 | -19.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €70,296 | €70,296 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €60,296 | €60,296 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,203 | -€10,010 | -€40,213 | |
| Investment grants | 15 | €8,158 | €6,762 | -€1,396 | -17.1% |
| Provisions and deferred taxes | 16 | €4,203 | €3,483 | -€719 | -17.1% |
| Deferred taxes | 168 | €4,203 | €3,483 | -€719 | -17.1% |
| Amounts payable | 17/49 | €289,698 | €305,239 | +€15,540 | +5.4% |
| Amounts payable after more than one year | 17 | €57,111 | €26,335 | -€30,776 | -53.9% |
| Financial debts | 170/4 | €57,111 | €26,335 | -€30,776 | -53.9% |
| Amounts payable within one year | 42/48 | €222,555 | €269,639 | +€47,084 | +21.2% |
| Current portion of amounts payable after more than one year | 42 | €31,428 | €31,541 | +€112 | +0.4% |
| Financial debts | 43 | €102,000 | €100,000 | -€2,000 | -2.0% |
| Credit institutions | 430/8 | €102,000 | €100,000 | -€2,000 | -2.0% |
| Trade debts | 44 | €46,754 | €33,247 | -€13,506 | -28.9% |
| Suppliers | 440/4 | €46,754 | €33,247 | -€13,506 | -28.9% |
| Taxes, remuneration and social security | 45 | €41,820 | €25,773 | -€16,047 | -38.4% |
| Taxes | 450/3 | €26,239 | - | -€26,239 | |
| Remuneration and social security | 454/9 | €15,581 | €25,773 | +€10,193 | +65.4% |
| Other amounts payable | 47/48 | €553 | €79,078 | +€78,525 | +14,201% |
| Accrued charges and deferred income | 492/3 | €10,033 | €9,264 | -€768 | -7.7% |
| Remuneration, social security and pensions | 62 | €66,947 | €46,662 | -€20,285 | -30.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,668 | €40,765 | -€903 | -2.2% |
| Other operating charges | 640/8 | €8,416 | €8,796 | +€380 | +4.5% |
| Non-recurring operating charges | 66A | - | €1,500 | +€1,500 | |
| Gross operating margin | 9900 | €87,841 | €64,982 | -€22,859 | -26.0% |
| Operating profit (loss) | 9901 | -€29,190 | -€32,741 | -€3,552 | -12.2% |
| Financial income | 75/76B | €1,599 | €2,269 | +€670 | +41.9% |
| Recurring financial income | 75 | €1,599 | €2,269 | +€670 | +41.9% |
| Financial charges | 65/66B | €15,218 | €10,460 | -€4,758 | -31.3% |
| Recurring financial charges | 65 | €12,998 | €10,460 | -€2,538 | -19.5% |
| Non-recurring financial charges | 66B | €2,220 | - | -€2,220 | |
| Profit (loss) for the period before taxes | 9903 | -€42,809 | -€40,932 | +€1,877 | +4.4% |
| Transfer from deferred taxes | 780 | €719 | - | -€719 | |
| Profit (loss) for the period | 9904 | -€42,090 | -€40,932 | +€1,157 | +2.7% |
| Transfer from tax-exempt reserves | 789 | - | €719 | +€719 | |
| Profit (loss) for the period to be appropriated | 9905 | -€42,090 | -€40,213 | +€1,877 | +4.5% |
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 25 October 2026 via checked.be.