LOB-OIL: what changed
What changed
LOB-OIL
NACE 51.210, Air transport
filed annual accounts (NBB)
Net result for the year
-€97,656
2024 · €7,856-€105,511
Equity
€86,563
2024 · €184,218-€97,656
Cash
€21,710
2024 · €17,579+€4,132
Balance sheet total
€1.2m
2024 · €227,282+€994,269
Largest movements
Assets
- Tangible fixed assets +€997,495
up €997,495 (+1,417%), from €70,374 to €1.1m
Equity and liabilities
- Other debts +€976,076
up €976,076 (+3,856%), from €25,316 to €1.0m
- Trade debts +€125,466
new in 2025: €125,466
- Reserves -€97,656
down €97,656 (-59.0%), from €165,626 to €67,971
of which Distributable reserves: -€93,346
Income statement
- Depreciation +€110,378
up €110,378 (+627%), from €17,594 to €127,972
- Taxes -€2,757
no longer reported in 2025 (was €2,757)
- Gross operating margin +€2,706
up €2,706 (+8.8%), from €30,659 to €33,365
- Financial income -€2,061
no longer reported in 2025 (was €2,061)
- Financial charges -€1,937
down €1,937 (-96.4%), from €2,008 to €71
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€7,856
Gross operating margin
+€2,706
Depreciation
-€110,378
Other operating charges
-€473
Financial income
-€2,061
Financial charges
+€1,937
Taxes
+€2,757
Result 2025
-€97,656
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.1m
Investment
-€1.1m
Financing
-€3,333
Cash 2024
€17,579
From operations (derived)
+€1.1m
Net result for the year
-€97,656
Depreciation
+€127,972
Receivables within one year
+€9,736
Smaller working-capital items
-€5,391
Trade debts
+€125,466
Tax, wage and social debts
-€3,272
Other debts
+€976,076
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€1.1m
Financing
-€3,333
Current portion of long-term debt
-€3,333
Cash 2025
€21,710
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €227,282 | €1,221,551 | +€994,269 | +437% |
| Fixed assets | 21/28 | €70,374 | €1,067,868 | +€997,495 | +1,417% |
| Tangible fixed assets | 22/27 | €70,374 | €1,067,868 | +€997,495 | +1,417% |
| Land and buildings | 22 | €70,374 | €1,067,868 | +€997,495 | +1,417% |
| Current assets | 29/58 | €156,909 | €153,683 | -€3,226 | -2.1% |
| Amounts receivable within one year | 40/41 | €139,290 | €129,554 | -€9,736 | -7.0% |
| Trade receivables | 40 | - | €126,554 | +€126,554 | |
| Other amounts receivable | 41 | €139,290 | €3,000 | -€136,290 | -97.8% |
| Cash at bank and in hand | 54/58 | €17,579 | €21,710 | +€4,132 | +23.5% |
| Deferred charges and accrued income | 490/1 | €40 | €2,418 | +€2,378 | +5,945% |
| Total equity and liabilities | 10/49 | €227,282 | €1,221,551 | +€994,269 | +437% |
| Equity | 10/15 | €184,218 | €86,563 | -€97,656 | -53.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €165,626 | €67,971 | -€97,656 | -59.0% |
| Tax-exempt reserves | 132 | €14,541 | €10,231 | -€4,310 | -29.6% |
| Distributable reserves | 133 | €151,085 | €57,740 | -€93,346 | -61.8% |
| Provisions and deferred taxes | 16 | €9,941 | €8,131 | -€1,810 | -18.2% |
| Deferred taxes | 168 | €9,941 | €8,131 | -€1,810 | -18.2% |
| Amounts payable | 17/49 | €33,123 | €1,126,858 | +€1.1m | +3,302% |
| Amounts payable within one year | 42/48 | €31,921 | €1,126,858 | +€1.1m | +3,430% |
| Current portion of amounts payable after more than one year | 42 | €3,333 | - | -€3,333 | |
| Trade debts | 44 | - | €125,466 | +€125,466 | |
| Suppliers | 440/4 | - | €125,466 | +€125,466 | |
| Taxes, remuneration and social security | 45 | €3,272 | - | -€3,272 | |
| Taxes | 450/3 | €3,272 | - | -€3,272 | |
| Other amounts payable | 47/48 | €25,316 | €1,001,391 | +€976,076 | +3,856% |
| Accrued charges and deferred income | 492/3 | €1,202 | - | -€1,202 | |
| Non-recurring operating income | 76A | - | €3,525 | +€3,525 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,594 | €127,972 | +€110,378 | +627% |
| Other operating charges | 640/8 | €4,315 | €4,788 | +€473 | +11.0% |
| Gross operating margin | 9900 | €30,659 | €33,365 | +€2,706 | +8.8% |
| Operating profit (loss) | 9901 | €8,750 | -€99,395 | -€108,144 | |
| Financial income | 75/76B | €2,061 | - | -€2,061 | |
| Recurring financial income | 75 | €2,061 | - | -€2,061 | |
| Financial charges | 65/66B | €2,008 | €71 | -€1,937 | -96.4% |
| Recurring financial charges | 65 | €2,008 | €71 | -€1,937 | -96.4% |
| Profit (loss) for the period before taxes | 9903 | €8,802 | -€99,466 | -€108,269 | |
| Transfer from deferred taxes | 780 | €1,810 | €1,810 | = | 0.0% |
| Income taxes | 67/77 | €2,757 | - | -€2,757 | |
| Profit (loss) for the period | 9904 | €7,856 | -€97,656 | -€105,511 | |
| Transfer from tax-exempt reserves | 789 | €4,310 | €4,310 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,166 | -€93,346 | -€105,511 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.