LOB'URO: 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.
LOB'URO
Largest movements
- Cash -€96,623
down €96,623 (-43.9%), from €220,064 to €123,441
mainly Contributions, distributions and other (-€180,355) and Investment in fixed assets (net) (-€26,028)
- Receivables within one year +€17,177
up €17,177 (+239.4%), from €7,174 to €24,351
of which Other amounts receivable: +€16,552
- Tangible fixed assets +€8,364
up €8,364 (+16.2%), from €51,776 to €60,139
of which Plant, machinery and equipment: +€7,758
- Profit (loss) carried forward -€77,940
down €77,940 (-72.5%), from €107,552 to €29,611
- Other debts +€33,000
up €33,000 (+38.8%), from €85,000 to €118,000
- Tax, wage and social debts -€23,586
down €23,586 (-65.0%), from €36,286 to €12,700
of which Taxes: -€21,286
- Debts after one year -€13,323
down €13,323 (-40.4%), from €33,014 to €19,691
- Current portion of long-term debt +€11,546
up €11,546 (+67.9%), from €17,014 to €28,560
- Gross operating margin +€25,719
up €25,719 (+19.4%), from €132,907 to €158,626
- Taxes +€5,244
up €5,244 (+17.0%), from €30,935 to €36,180
- Depreciation +€1,718
up €1,718 (+10.8%), from €15,946 to €17,664
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 | €280,632 | €209,654 | -€70,978 | -25.3% |
| Fixed assets | 21/28 | €51,776 | €60,139 | +€8,364 | +16.2% |
| Tangible fixed assets | 22/27 | €51,776 | €60,139 | +€8,364 | +16.2% |
| Plant, machinery and equipment | 23 | €741 | €8,499 | +€7,758 | +1047.0% |
| Furniture and vehicles | 24 | €51,035 | €51,640 | +€606 | +1.2% |
| Current assets | 29/58 | €228,857 | €149,515 | -€79,342 | -34.7% |
| Amounts receivable within one year | 40/41 | €7,174 | €24,351 | +€17,177 | +239.4% |
| Trade receivables | 40 | €1,142 | €1,767 | +€625 | +54.7% |
| Other amounts receivable | 41 | €6,032 | €22,584 | +€16,552 | +274.4% |
| Cash at bank and in hand | 54/58 | €220,064 | €123,441 | -€96,623 | -43.9% |
| Deferred charges and accrued income | 490/1 | €1,619 | €1,724 | +€105 | +6.5% |
| Total equity and liabilities | 10/49 | €280,632 | €209,654 | -€70,978 | -25.3% |
| Equity | 10/15 | €108,552 | €30,611 | -€77,940 | -71.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €107,552 | €29,611 | -€77,940 | -72.5% |
| Amounts payable | 17/49 | €172,081 | €179,043 | +€6,962 | +4.0% |
| Amounts payable after more than one year | 17 | €33,014 | €19,691 | -€13,323 | -40.4% |
| Financial debts | 170/4 | €33,014 | €19,691 | -€13,323 | -40.4% |
| Amounts payable within one year | 42/48 | €139,067 | €159,353 | +€20,286 | +14.6% |
| Current portion of amounts payable after more than one year | 42 | €17,014 | €28,560 | +€11,546 | +67.9% |
| Trade debts | 44 | €327 | €93 | -€234 | -71.6% |
| Suppliers | 440/4 | €327 | €93 | -€234 | -71.6% |
| Advances received on contracts in progress | 46 | €440 | - | -€440 | |
| Taxes, remuneration and social security | 45 | €36,286 | €12,700 | -€23,586 | -65.0% |
| Taxes | 450/3 | €33,986 | €12,700 | -€21,286 | -62.6% |
| Remuneration and social security | 454/9 | €2,300 | - | -€2,300 | |
| Other amounts payable | 47/48 | €85,000 | €118,000 | +€33,000 | +38.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,946 | €17,664 | +€1,718 | +10.8% |
| Other operating charges | 640/8 | €1,344 | €1,260 | -€84 | -6.3% |
| Gross operating margin | 9900 | €132,907 | €158,626 | +€25,719 | +19.4% |
| Operating profit (loss) | 9901 | €115,617 | €139,703 | +€24,086 | +20.8% |
| Financial income | 75/76B | €242 | €776 | +€533 | +220.2% |
| Recurring financial income | 75 | €242 | €776 | +€533 | +220.2% |
| Financial charges | 65/66B | €2,178 | €1,884 | -€294 | -13.5% |
| Recurring financial charges | 65 | €2,178 | €1,884 | -€294 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €113,681 | €138,594 | +€24,913 | +21.9% |
| Income taxes | 67/77 | €30,935 | €36,180 | +€5,244 | +17.0% |
| Profit (loss) for the period | 9904 | €82,746 | €102,415 | +€19,669 | +23.8% |
| Profit (loss) for the period to be appropriated | 9905 | €82,746 | €102,415 | +€19,669 | +23.8% |
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 10 October 2026 via checked.be.