LOBBESTAEL: what changed
LOBBESTAEL
Largest movements
- Receivables within one year -€34,212
down €34,212 (-26.7%), from €128,224 to €94,012
of which Other amounts receivable: -€24,708
- Cash -€23,882
down €23,882 (-15.3%), from €156,027 to €132,145
mainly Contributions, distributions and other (-€93,810) and Trade debts (-€25,517)
- Deferred charges and accrued income +€5,212
up €5,212 (+285%), from €1,829 to €7,041
- Profit (loss) carried forward -€39,167
down €39,167 (-99.1%), from €39,521 to €354
- Reserves +€26,190
up €26,190 (+19.0%), from €137,939 to €164,129
of which Distributable reserves: +€28,190
- Trade debts -€25,517
down €25,517 (-44.3%), from €57,602 to €32,085
- Debts after one year -€12,050
down €12,050 (-64.7%), from €18,624 to €6,575
- Current portion of long-term debt -€5,948
down €5,948 (-33.0%), from €17,998 to €12,050
- Gross operating margin +€23,271
up €23,271 (+8.1%), from €285,624 to €308,895
- Staff costs -€14,644
down €14,644 (-7.9%), from €184,989 to €170,345
- Financial charges +€9,752
up €9,752 (+483%), from €2,017 to €11,769
- Depreciation -€8,077
down €8,077 (-27.8%), from €29,060 to €20,983
- Taxes +€6,897
up €6,897 (+49.2%), from €14,023 to €20,920
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €356,293 | €298,963 | -€57,330 | -16.1% |
| Fixed assets | 21/28 | €59,844 | €55,052 | -€4,792 | -8.0% |
| Intangible fixed assets | 21 | €1,667 | - | -€1,667 | |
| Tangible fixed assets | 22/27 | €58,177 | €55,052 | -€3,125 | -5.4% |
| Land and buildings | 22 | €40,140 | - | -€40,140 | |
| Plant, machinery and equipment | 23 | €16,088 | €10,558 | -€5,530 | -34.4% |
| Furniture and vehicles | 24 | €1,950 | €814 | -€1,135 | -58.2% |
| Other tangible fixed assets | 26 | - | €43,680 | +€43,680 | |
| Current assets | 29/58 | €296,450 | €243,912 | -€52,538 | -17.7% |
| Stocks and contracts in progress | 3 | €10,370 | €10,713 | +€343 | +3.3% |
| Stocks | 30/36 | €10,370 | €10,713 | +€343 | +3.3% |
| Amounts receivable within one year | 40/41 | €128,224 | €94,012 | -€34,212 | -26.7% |
| Trade receivables | 40 | €10,004 | €500 | -€9,504 | -95.0% |
| Other amounts receivable | 41 | €118,220 | €93,512 | -€24,708 | -20.9% |
| Cash at bank and in hand | 54/58 | €156,027 | €132,145 | -€23,882 | -15.3% |
| Deferred charges and accrued income | 490/1 | €1,829 | €7,041 | +€5,212 | +285% |
| Total equity and liabilities | 10/49 | €356,293 | €298,963 | -€57,330 | -16.1% |
| Equity | 10/15 | €197,460 | €184,483 | -€12,977 | -6.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €137,939 | €164,129 | +€26,190 | +19.0% |
| Non-distributable reserves | 130/1 | €2,000 | - | -€2,000 | |
| Reserves not available under the articles | 1311 | €2,000 | - | -€2,000 | |
| Distributable reserves | 133 | €135,939 | €164,129 | +€28,190 | +20.7% |
| Profit (loss) carried forward | 14 | €39,521 | €354 | -€39,167 | -99.1% |
| Amounts payable | 17/49 | €158,833 | €114,481 | -€44,353 | -27.9% |
| Amounts payable after more than one year | 17 | €18,624 | €6,575 | -€12,050 | -64.7% |
| Financial debts | 170/4 | €18,624 | €6,575 | -€12,050 | -64.7% |
| Amounts payable within one year | 42/48 | €140,209 | €107,906 | -€32,303 | -23.0% |
| Current portion of amounts payable after more than one year | 42 | €17,998 | €12,050 | -€5,948 | -33.0% |
| Financial debts | 43 | - | €1,042 | +€1,042 | |
| Credit institutions | 430/8 | - | €1,042 | +€1,042 | |
| Trade debts | 44 | €57,602 | €32,085 | -€25,517 | -44.3% |
| Suppliers | 440/4 | €57,602 | €32,085 | -€25,517 | -44.3% |
| Taxes, remuneration and social security | 45 | €64,609 | €62,729 | -€1,880 | -2.9% |
| Taxes | 450/3 | €30,183 | €16,592 | -€13,591 | -45.0% |
| Remuneration and social security | 454/9 | €34,426 | €46,137 | +€11,711 | +34.0% |
| Accrued charges and deferred income | 492/3 | - | €0 | +€0 | |
| Remuneration, social security and pensions | 62 | €184,989 | €170,345 | -€14,644 | -7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,060 | €20,983 | -€8,077 | -27.8% |
| Other operating charges | 640/8 | €5,750 | €4,151 | -€1,598 | -27.8% |
| Gross operating margin | 9900 | €285,624 | €308,895 | +€23,271 | +8.1% |
| Operating profit (loss) | 9901 | €65,826 | €113,416 | +€47,590 | +72.3% |
| Financial income | 75/76B | €2,581 | €105 | -€2,476 | -95.9% |
| Recurring financial income | 75 | €2,581 | €105 | -€2,476 | -95.9% |
| Financial charges | 65/66B | €2,017 | €11,769 | +€9,752 | +483% |
| Recurring financial charges | 65 | €2,017 | €11,769 | +€9,752 | +483% |
| Profit (loss) for the period before taxes | 9903 | €66,390 | €101,753 | +€35,363 | +53.3% |
| Income taxes | 67/77 | €14,023 | €20,920 | +€6,897 | +49.2% |
| Profit (loss) for the period | 9904 | €52,367 | €80,833 | +€28,466 | +54.4% |
| Profit (loss) for the period to be appropriated | 9905 | €52,367 | €80,833 | +€28,466 | +54.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.