LOBCO: what changed
Two fiscal 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.
LOBCO
Largest movements
- Cash +€15,242
up €15,242 (+87.6%), from €17,406 to €32,649
mainly Net result for the year (+€15,433) and Depreciation (+€4,607)
- Deferred charges and accrued income -€3,211
down €3,211 (-25.5%), from €12,576 to €9,364
- Reserves +€15,433
up €15,433 (+10.1%), from €152,774 to €168,207
- Other debts -€5,345
down €5,345 (-86.2%), from €6,200 to €855
- Financial income +€7,967
up €7,967 (+3335.9%), from €239 to €8,206
- Gross operating margin -€5,335
down €5,335 (-19.2%), from €27,852 to €22,516
- Financial charges +€746
up €746 (+31.9%), from €2,339 to €3,085
- Taxes +€717
up €717 (+12.7%), from €5,634 to €6,351
- Depreciation +€487
up €487 (+11.8%), from €4,120 to €4,607
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 | €169,492 | €180,667 | +€11,174 | +6.6% |
| Fixed assets | 21/28 | €13,089 | €12,481 | -€608 | -4.6% |
| Tangible fixed assets | 22/27 | €13,089 | €12,481 | -€608 | -4.6% |
| Plant, machinery and equipment | 23 | €3,987 | €2,704 | -€1,283 | -32.2% |
| Furniture and vehicles | 24 | €3,383 | €1,980 | -€1,404 | -41.5% |
| Other tangible fixed assets | 26 | €5,719 | €7,798 | +€2,078 | +36.3% |
| Current assets | 29/58 | €156,403 | €168,186 | +€11,783 | +7.5% |
| Amounts receivable within one year | 40/41 | €29,334 | €29,085 | -€248 | -0.8% |
| Trade receivables | 40 | €22,303 | €13,083 | -€9,220 | -41.3% |
| Other amounts receivable | 41 | €7,031 | €16,003 | +€8,972 | +127.6% |
| Current investments | 50/53 | €97,087 | €97,087 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €17,406 | €32,649 | +€15,242 | +87.6% |
| Deferred charges and accrued income | 490/1 | €12,576 | €9,364 | -€3,211 | -25.5% |
| Total equity and liabilities | 10/49 | €169,492 | €180,667 | +€11,174 | +6.6% |
| Equity | 10/15 | €158,974 | €174,407 | +€15,433 | +9.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €152,774 | €168,207 | +€15,433 | +10.1% |
| Distributable reserves | 133 | €152,774 | €168,207 | +€15,433 | +10.1% |
| Amounts payable | 17/49 | €10,519 | €6,260 | -€4,259 | -40.5% |
| Amounts payable within one year | 42/48 | €10,000 | €5,829 | -€4,171 | -41.7% |
| Trade debts | 44 | €1,665 | €1,816 | +€151 | +9.1% |
| Suppliers | 440/4 | €1,665 | €1,816 | +€151 | +9.1% |
| Taxes, remuneration and social security | 45 | €2,135 | €3,158 | +€1,023 | +47.9% |
| Taxes | 450/3 | €2,135 | €3,158 | +€1,023 | +47.9% |
| Other amounts payable | 47/48 | €6,200 | €855 | -€5,345 | -86.2% |
| Accrued charges and deferred income | 492/3 | €519 | €431 | -€88 | -17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,120 | €4,607 | +€487 | +11.8% |
| Other operating charges | 640/8 | €1,189 | €1,247 | +€58 | +4.9% |
| Non-recurring operating charges | 66A | €6,063 | - | -€6,063 | |
| Gross operating margin | 9900 | €27,852 | €22,516 | -€5,335 | -19.2% |
| Operating profit (loss) | 9901 | €16,480 | €16,662 | +€183 | +1.1% |
| Financial income | 75/76B | €239 | €8,206 | +€7,967 | +3335.9% |
| Recurring financial income | 75 | €239 | €8,206 | +€7,967 | +3335.9% |
| Financial charges | 65/66B | €2,339 | €3,085 | +€746 | +31.9% |
| Recurring financial charges | 65 | €2,339 | €3,085 | +€746 | +31.9% |
| Profit (loss) for the period before taxes | 9903 | €14,379 | €21,784 | +€7,404 | +51.5% |
| Income taxes | 67/77 | €5,634 | €6,351 | +€717 | +12.7% |
| Profit (loss) for the period | 9904 | €8,746 | €15,433 | +€6,687 | +76.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,746 | €15,433 | +€6,687 | +76.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.