Lobelka: what changed
What changed
Lobelka
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€76,202
2024 · €68,925+€7,277
Equity
€61,911
2024 · €61,911
Cash
€109,289
2024 · €121,555-€12,266
Balance sheet total
€155,156
2024 · €177,676-€22,521
Largest movements
Assets
- Cash -€12,266
down €12,266 (-10.1%), from €121,555 to €109,289
mainly Contributions, distributions and other (-€76,202) and Tax, wage and social debts (-€28,119)
- Receivables within one year -€10,935
down €10,935 (-21.5%), from €50,849 to €39,914
of which Trade receivables: -€12,490
Equity and liabilities
- Tax, wage and social debts -€28,119
down €28,119 (-88.2%), from €31,878 to €3,760
- Other debts +€6,109
up €6,109 (+8.2%), from €74,299 to €80,408
Income statement
- Gross operating margin +€9,270
up €9,270 (+9.8%), from €94,764 to €104,034
- Other operating charges +€1,258
up €1,258 (+103%), from €1,215 to €2,473
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.
Result 2024
€68,925
Gross operating margin
+€9,270
Depreciation
+€521
Other operating charges
-€1,258
Financial income
-€13
Financial charges
-€294
Taxes
-€948
Result 2025
€76,202
raises the resultlowers the result
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.
From operations
+€68,645
Investment
-€3,337
Financing
-€77,574
Cash 2024
€121,555
From operations (derived)
+€68,645
Net result for the year
+€76,202
Depreciation
+€2,694
Receivables within one year
+€10,935
Smaller working-capital items
+€43
Trade debts
+€781
Tax, wage and social debts
-€28,119
Other debts
+€6,109
Investment (derived)
-€3,337
Investment in fixed assets (net)
-€3,337
Financing
-€77,574
Current portion of long-term debt
-€1,372
Contributions, distributions and other
-€76,202
Cash 2025
€109,289
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €177,676 | €155,156 | -€22,521 | -12.7% |
| Fixed assets | 21/28 | €4,993 | €5,636 | +€643 | +12.9% |
| Tangible fixed assets | 22/27 | €4,993 | €5,636 | +€643 | +12.9% |
| Plant, machinery and equipment | 23 | €1,057 | €833 | -€224 | -21.2% |
| Furniture and vehicles | 24 | €3,936 | €4,804 | +€867 | +22.0% |
| Current assets | 29/58 | €172,683 | €149,519 | -€23,164 | -13.4% |
| Amounts receivable within one year | 40/41 | €50,849 | €39,914 | -€10,935 | -21.5% |
| Trade receivables | 40 | €50,631 | €38,141 | -€12,490 | -24.7% |
| Other amounts receivable | 41 | €218 | €1,773 | +€1,555 | +713% |
| Cash at bank and in hand | 54/58 | €121,555 | €109,289 | -€12,266 | -10.1% |
| Deferred charges and accrued income | 490/1 | €279 | €316 | +€37 | +13.3% |
| Total equity and liabilities | 10/49 | €177,676 | €155,156 | -€22,521 | -12.7% |
| Equity | 10/15 | €61,911 | €61,911 | = | 0.0% |
| Contributions | 10/11 | €240 | €240 | = | 0.0% |
| Reserves | 13 | €61,671 | €61,671 | = | 0.0% |
| Distributable reserves | 133 | €61,671 | €61,671 | = | 0.0% |
| Amounts payable | 17/49 | €115,765 | €93,245 | -€22,521 | -19.5% |
| Amounts payable within one year | 42/48 | €114,125 | €91,525 | -€22,601 | -19.8% |
| Current portion of amounts payable after more than one year | 42 | €1,372 | - | -€1,372 | |
| Trade debts | 44 | €6,576 | €7,357 | +€781 | +11.9% |
| Suppliers | 440/4 | €6,576 | €7,357 | +€781 | +11.9% |
| Taxes, remuneration and social security | 45 | €31,878 | €3,760 | -€28,119 | -88.2% |
| Taxes | 450/3 | €31,878 | €3,760 | -€28,119 | -88.2% |
| Other amounts payable | 47/48 | €74,299 | €80,408 | +€6,109 | +8.2% |
| Accrued charges and deferred income | 492/3 | €1,640 | €1,720 | +€80 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,214 | €2,694 | -€521 | -16.2% |
| Other operating charges | 640/8 | €1,215 | €2,473 | +€1,258 | +103% |
| Gross operating margin | 9900 | €94,764 | €104,034 | +€9,270 | +9.8% |
| Operating profit (loss) | 9901 | €90,334 | €98,867 | +€8,533 | +9.4% |
| Financial income | 75/76B | €13 | - | -€13 | |
| Recurring financial income | 75 | €13 | - | -€13 | |
| Financial charges | 65/66B | €140 | €435 | +€294 | +210% |
| Recurring financial charges | 65 | €140 | €435 | +€294 | +210% |
| Profit (loss) for the period before taxes | 9903 | €90,207 | €98,432 | +€8,225 | +9.1% |
| Income taxes | 67/77 | €21,282 | €22,230 | +€948 | +4.5% |
| Profit (loss) for the period | 9904 | €68,925 | €76,202 | +€7,277 | +10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €68,925 | €76,202 | +€7,277 | +10.6% |
Next steps
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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 2 November 2026 via checked.be.