LOBELCO: 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.
LOBELCO
Largest movements
- Cash -€92,707
down €92,707 (-37.2%), from €249,161 to €156,454
mainly Debts after one year (-€90,822) and Net result for the year (-€2,216)
- Debts after one year -€90,822
down €90,822 (-90.5%), from €100,342 to €9,520
- Financial income -€1,865
down €1,865 (-72.7%), from €2,565 to €700
- Other operating charges +€342
up €342 (+86.1%), from €398 to €740
- Gross operating margin -€271
down €271 (-19.8%), from -€1,365 to -€1,636
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 | €256,432 | €163,394 | -€93,038 | -36.3% |
| Fixed assets | 21/28 | €7,270 | €6,730 | -€540 | -7.4% |
| Tangible fixed assets | 22/27 | €7,270 | €6,730 | -€540 | -7.4% |
| Land and buildings | 22 | €7,270 | €6,730 | -€540 | -7.4% |
| Current assets | 29/58 | €249,161 | €156,664 | -€92,497 | -37.1% |
| Amounts receivable after more than one year | 29 | - | €210 | +€210 | |
| Other amounts receivable | 291 | - | €210 | +€210 | |
| Cash at bank and in hand | 54/58 | €249,161 | €156,454 | -€92,707 | -37.2% |
| Total equity and liabilities | 10/49 | €256,432 | €163,394 | -€93,038 | -36.3% |
| Equity | 10/15 | €156,090 | €153,874 | -€2,216 | -1.4% |
| Contributions | 10/11 | €110,000 | €110,000 | = | 0.0% |
| Capital | 10 | €110,000 | €110,000 | = | 0.0% |
| Issued capital | 100 | €110,000 | €110,000 | = | 0.0% |
| Reserves | 13 | €48,735 | €48,735 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €2,437 | €2,437 | +€0 | 0.0% |
| Legal reserve | 130 | €2,437 | €2,437 | +€0 | 0.0% |
| Distributable reserves | 133 | €46,298 | €46,298 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€2,645 | -€4,861 | -€2,216 | -83.8% |
| Amounts payable | 17/49 | €100,342 | €9,520 | -€90,822 | -90.5% |
| Amounts payable after more than one year | 17 | €100,342 | €9,520 | -€90,822 | -90.5% |
| Other amounts payable | 178/9 | €100,342 | €9,520 | -€90,822 | -90.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €540 | €540 | +€0 | +0.1% |
| Other operating charges | 640/8 | €398 | €740 | +€342 | +86.1% |
| Gross operating margin | 9900 | -€1,365 | -€1,636 | -€271 | -19.8% |
| Operating profit (loss) | 9901 | -€2,303 | -€2,916 | -€613 | -26.6% |
| Financial income | 75/76B | €2,565 | €700 | -€1,865 | -72.7% |
| Recurring financial income | 75 | €2,565 | €700 | -€1,865 | -72.7% |
| Profit (loss) for the period before taxes | 9903 | €262 | -€2,216 | -€2,478 | |
| Profit (loss) for the period | 9904 | €262 | -€2,216 | -€2,478 | |
| Profit (loss) for the period to be appropriated | 9905 | €262 | -€2,216 | -€2,478 |
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 11 October 2026 via checked.be.