LOBEAU ENGINEERING: 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.
LOBEAU ENGINEERING
Largest movements
- Tangible fixed assets +€15,654
up €15,654 (+8.0%), from €196,581 to €212,235
of which Land and buildings: +€17,292
- Stocks and contracts -€10,000
down €10,000 (-100%), from €10,000 to €0
- Profit (loss) carried forward +€19,059
up €19,059, from -€19,059 to €0
- Other debts +€17,690
up €17,690 (+108%), from €16,414 to €34,104
- Reserves -€15,344
down €15,344 (-19.5%), from €78,513 to €63,169
- Debts after one year -€13,924
down €13,924 (-15.3%), from €90,851 to €76,927
- Trade debts -€9,913
down €9,913 (-33.3%), from €29,757 to €19,844
- Write-downs -€10,000
new in 2025: -€10,000
- Gross operating margin +€5,908
up €5,908 (+12.1%), from €48,826 to €54,733
- Depreciation +€3,023
up €3,023 (+28.2%), from €10,713 to €13,736
- Staff costs -€2,719
down €2,719 (-6.6%), from €41,442 to €38,723
- Other operating charges +€974
up €974 (+36.4%), from €2,676 to €3,650
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 | €238,170 | €245,140 | +€6,969 | +2.9% |
| Fixed assets | 21/28 | €196,908 | €212,235 | +€15,327 | +7.8% |
| Intangible fixed assets | 21 | €327 | €0 | -€327 | -100% |
| Tangible fixed assets | 22/27 | €196,581 | €212,235 | +€15,654 | +8.0% |
| Land and buildings | 22 | €191,402 | €208,694 | +€17,292 | +9.0% |
| Plant, machinery and equipment | 23 | €1,791 | €1,290 | -€501 | -28.0% |
| Furniture and vehicles | 24 | €3,388 | €2,252 | -€1,137 | -33.5% |
| Current assets | 29/58 | €41,262 | €32,904 | -€8,358 | -20.3% |
| Stocks and contracts in progress | 3 | €10,000 | €0 | -€10,000 | -100% |
| Stocks | 30/36 | €10,000 | €0 | -€10,000 | -100% |
| Amounts receivable within one year | 40/41 | €20,592 | €20,675 | +€83 | +0.4% |
| Trade receivables | 40 | €19,233 | €16,883 | -€2,350 | -12.2% |
| Other amounts receivable | 41 | €1,360 | €3,792 | +€2,433 | +179% |
| Cash at bank and in hand | 54/58 | €9,887 | €11,912 | +€2,026 | +20.5% |
| Deferred charges and accrued income | 490/1 | €783 | €317 | -€467 | -59.6% |
| Total equity and liabilities | 10/49 | €238,170 | €245,140 | +€6,969 | +2.9% |
| Equity | 10/15 | €79,454 | €83,169 | +€3,715 | +4.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €78,513 | €63,169 | -€15,344 | -19.5% |
| Distributable reserves | 133 | €78,513 | €63,169 | -€15,344 | -19.5% |
| Profit (loss) carried forward | 14 | -€19,059 | €0 | +€19,059 | |
| Amounts payable | 17/49 | €158,716 | €161,970 | +€3,254 | +2.1% |
| Amounts payable after more than one year | 17 | €90,851 | €76,927 | -€13,924 | -15.3% |
| Financial debts | 170/4 | €90,851 | €76,927 | -€13,924 | -15.3% |
| Amounts payable within one year | 42/48 | €67,865 | €85,043 | +€17,178 | +25.3% |
| Current portion of amounts payable after more than one year | 42 | €13,639 | €13,924 | +€285 | +2.1% |
| Trade debts | 44 | €29,757 | €19,844 | -€9,913 | -33.3% |
| Suppliers | 440/4 | €29,757 | €19,844 | -€9,913 | -33.3% |
| Taxes, remuneration and social security | 45 | €8,056 | €17,172 | +€9,116 | +113% |
| Taxes | 450/3 | €0 | €7,065 | +€7,065 | |
| Remuneration and social security | 454/9 | €8,056 | €10,106 | +€2,051 | +25.5% |
| Other amounts payable | 47/48 | €16,414 | €34,104 | +€17,690 | +108% |
| Remuneration, social security and pensions | 62 | €41,442 | €38,723 | -€2,719 | -6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,713 | €13,736 | +€3,023 | +28.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€10,000 | -€10,000 | |
| Other operating charges | 640/8 | €2,676 | €3,650 | +€974 | +36.4% |
| Non-recurring operating charges | 66A | - | €2,086 | +€2,086 | |
| Gross operating margin | 9900 | €48,826 | €54,733 | +€5,908 | +12.1% |
| Operating profit (loss) | 9901 | -€6,005 | €6,538 | +€12,543 | |
| Financial income | 75/76B | €355 | €1 | -€355 | -99.9% |
| Recurring financial income | 75 | €355 | €1 | -€355 | -99.9% |
| Financial charges | 65/66B | €2,242 | €2,111 | -€131 | -5.8% |
| Recurring financial charges | 65 | €2,242 | €2,111 | -€131 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | -€7,892 | €4,427 | +€12,319 | |
| Income taxes | 67/77 | €325 | €712 | +€387 | +119% |
| Profit (loss) for the period | 9904 | -€8,217 | €3,715 | +€11,932 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,217 | €3,715 | +€11,932 |
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 15 October 2026 via checked.be.