LOBELLE: 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.
LOBELLE
Largest movements
- Current investments +€707,602
up €707,602 (+81.3%), from €870,354 to €1.6m
- Cash -€79,243
down €79,243 (-28.8%), from €275,463 to €196,220
mainly Current investments (-€707,602) and Accrued charges and deferred income (-€40,611)
- Tangible fixed assets -€66,425
down €66,425 (-29.3%), from €226,854 to €160,429
of which Land and buildings: -€65,431
- Reserves +€594,661
up €594,661 (+141%), from €422,627 to €1.0m
of which Distributable reserves: +€594,661
- Accrued charges and deferred income -€40,611
down €40,611 (-97.0%), from €41,864 to €1,253
- Gross operating margin +€779,980
up €779,980 (+1,292%), from €60,370 to €840,350
- Taxes +€258,367
up €258,367 (+1,276%), from €20,240 to €278,608
- Financial income +€32,869
up €32,869 (+162%), from €20,250 to €53,118
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 | €1,386,049 | €1,943,183 | +€557,134 | +40.2% |
| Fixed assets | 21/28 | €227,244 | €160,819 | -€66,425 | -29.2% |
| Tangible fixed assets | 22/27 | €226,854 | €160,429 | -€66,425 | -29.3% |
| Land and buildings | 22 | €217,938 | €152,507 | -€65,431 | -30.0% |
| Furniture and vehicles | 24 | €8,916 | €7,921 | -€994 | -11.2% |
| Financial fixed assets | 28 | €390 | €390 | = | 0.0% |
| Current assets | 29/58 | €1,158,805 | €1,782,364 | +€623,559 | +53.8% |
| Amounts receivable within one year | 40/41 | €7,784 | €7,570 | -€213 | -2.7% |
| Trade receivables | 40 | €213 | - | -€213 | |
| Other amounts receivable | 41 | €7,570 | €7,570 | = | 0.0% |
| Current investments | 50/53 | €870,354 | €1,577,955 | +€707,602 | +81.3% |
| Cash at bank and in hand | 54/58 | €275,463 | €196,220 | -€79,243 | -28.8% |
| Deferred charges and accrued income | 490/1 | €5,205 | €618 | -€4,587 | -88.1% |
| Total equity and liabilities | 10/49 | €1,386,049 | €1,943,183 | +€557,134 | +40.2% |
| Equity | 10/15 | €1,326,246 | €1,920,907 | +€594,661 | +44.8% |
| Contributions | 10/11 | €887,500 | €887,500 | = | 0.0% |
| Capital | 10 | €887,500 | €887,500 | = | 0.0% |
| Issued capital | 100 | €887,500 | €887,500 | = | 0.0% |
| Reserves | 13 | €422,627 | €1,017,289 | +€594,661 | +141% |
| Non-distributable reserves | 130/1 | €88,750 | €88,750 | = | 0.0% |
| Legal reserve | 130 | €88,750 | €88,750 | = | 0.0% |
| Distributable reserves | 133 | €333,877 | €928,539 | +€594,661 | +178% |
| Profit (loss) carried forward | 14 | €16,118 | €16,118 | = | 0.0% |
| Amounts payable | 17/49 | €59,803 | €22,275 | -€37,527 | -62.8% |
| Amounts payable within one year | 42/48 | €17,939 | €21,022 | +€3,084 | +17.2% |
| Trade debts | 44 | €36 | €274 | +€239 | +670% |
| Suppliers | 440/4 | €36 | €274 | +€239 | +670% |
| Taxes, remuneration and social security | 45 | - | €1,545 | +€1,545 | |
| Taxes | 450/3 | - | €1,545 | +€1,545 | |
| Other amounts payable | 47/48 | €17,903 | €19,203 | +€1,300 | +7.3% |
| Accrued charges and deferred income | 492/3 | €41,864 | €1,253 | -€40,611 | -97.0% |
| Non-recurring operating income | 76A | - | €831,984 | +€831,984 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,647 | €9,409 | -€238 | -2.5% |
| Other operating charges | 640/8 | €9,308 | €10,790 | +€1,482 | +15.9% |
| Gross operating margin | 9900 | €60,370 | €840,350 | +€779,980 | +1,292% |
| Operating profit (loss) | 9901 | €41,415 | €820,151 | +€778,736 | +1,880% |
| Financial income | 75/76B | €20,250 | €53,118 | +€32,869 | +162% |
| Recurring financial income | 75 | €20,250 | €53,118 | +€32,869 | +162% |
| Financial charges | 65/66B | €9 | - | -€9 | |
| Recurring financial charges | 65 | €9 | - | -€9 | |
| Profit (loss) for the period before taxes | 9903 | €61,655 | €873,269 | +€811,614 | +1,316% |
| Income taxes | 67/77 | €20,240 | €278,608 | +€258,367 | +1,276% |
| Profit (loss) for the period | 9904 | €41,415 | €594,661 | +€553,247 | +1,336% |
| Profit (loss) for the period to be appropriated | 9905 | €41,415 | €594,661 | +€553,247 | +1,336% |
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 18 October 2026 via checked.be.