LOBA: 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.
LOBA
Largest movements
- Receivables within one year -€7,993
down €7,993 (-7.0%), from €114,750 to €106,757
of which Other amounts receivable: -€9,257
- Cash -€1,961
down €1,961 (-46.9%), from €4,184 to €2,222
mainly Net result for the year (-€8,429) and Tax, wage and social debts (-€1,525)
- Profit (loss) carried forward -€8,429
down €8,429 (-5.0%), from €170,071 to €161,642
- Gross operating margin -€1,137
down €1,137 (-22.0%), from -€5,170 to -€6,307
- Depreciation -€310
down €310 (-25.2%), from €1,228 to €918
- Financial charges +€90
up €90 (+81.4%), from €111 to €201
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 | €194,949 | €184,085 | -€10,864 | -5.6% |
| Fixed assets | 21/28 | €75,335 | €74,417 | -€918 | -1.2% |
| Tangible fixed assets | 22/27 | €6,427 | €5,509 | -€918 | -14.3% |
| Other tangible fixed assets | 26 | €6,427 | €5,509 | -€918 | -14.3% |
| Financial fixed assets | 28 | €68,908 | €68,908 | = | 0.0% |
| Current assets | 29/58 | €119,614 | €109,669 | -€9,945 | -8.3% |
| Amounts receivable within one year | 40/41 | €114,750 | €106,757 | -€7,993 | -7.0% |
| Trade receivables | 40 | €502 | €1,766 | +€1,264 | +252% |
| Other amounts receivable | 41 | €114,248 | €104,991 | -€9,257 | -8.1% |
| Cash at bank and in hand | 54/58 | €4,184 | €2,222 | -€1,961 | -46.9% |
| Deferred charges and accrued income | 490/1 | €680 | €689 | +€9 | +1.3% |
| Total equity and liabilities | 10/49 | €194,949 | €184,085 | -€10,864 | -5.6% |
| Equity | 10/15 | €184,331 | €175,902 | -€8,429 | -4.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €170,071 | €161,642 | -€8,429 | -5.0% |
| Amounts payable | 17/49 | €10,618 | €8,183 | -€2,435 | -22.9% |
| Amounts payable within one year | 42/48 | €9,868 | €8,183 | -€1,685 | -17.1% |
| Trade debts | 44 | €1,371 | €1,511 | +€140 | +10.2% |
| Suppliers | 440/4 | €1,371 | €1,511 | +€140 | +10.2% |
| Taxes, remuneration and social security | 45 | €6,591 | €5,066 | -€1,525 | -23.1% |
| Taxes | 450/3 | €6,591 | €5,066 | -€1,525 | -23.1% |
| Other amounts payable | 47/48 | €1,907 | €1,607 | -€300 | -15.7% |
| Accrued charges and deferred income | 492/3 | €750 | €0 | -€750 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,228 | €918 | -€310 | -25.2% |
| Other operating charges | 640/8 | €746 | €791 | +€45 | +6.0% |
| Gross operating margin | 9900 | -€5,170 | -€6,307 | -€1,137 | -22.0% |
| Operating profit (loss) | 9901 | -€7,144 | -€8,016 | -€872 | -12.2% |
| Financial charges | 65/66B | €111 | €201 | +€90 | +81.4% |
| Recurring financial charges | 65 | €111 | €201 | +€90 | +81.4% |
| Profit (loss) for the period before taxes | 9903 | -€7,255 | -€8,217 | -€962 | -13.3% |
| Income taxes | 67/77 | €211 | €212 | +€1 | +0.5% |
| Profit (loss) for the period | 9904 | -€7,466 | -€8,429 | -€963 | -12.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,466 | -€8,429 | -€963 | -12.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.