LOBEN: 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.
LOBEN
Largest movements
- Tangible fixed assets -€29,330
down €29,330 (-3.5%), from €836,153 to €806,823
of which Land and buildings: -€29,599
- Debts after one year -€59,764
down €59,764 (-10.5%), from €570,998 to €511,234
of which Other amounts payable: -€30,000
- Profit (loss) carried forward +€15,439
up €15,439 (+124.3%), from €12,424 to €27,863
- Other debts +€12,865
up €12,865 (+348.5%), from €3,692 to €16,557
- Gross operating margin +€6,519
up €6,519 (+9.0%), from €72,427 to €78,946
- Depreciation +€2,861
up €2,861 (+5.7%), from €50,045 to €52,906
- Other operating charges +€888
up €888 (+10.7%), from €8,295 to €9,183
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 | €842,350 | €811,271 | -€31,079 | -3.7% |
| Fixed assets | 21/28 | €836,153 | €806,823 | -€29,330 | -3.5% |
| Tangible fixed assets | 22/27 | €836,153 | €806,823 | -€29,330 | -3.5% |
| Land and buildings | 22 | €834,890 | €805,291 | -€29,599 | -3.5% |
| Furniture and vehicles | 24 | €1,263 | €1,532 | +€269 | +21.3% |
| Current assets | 29/58 | €6,197 | €4,448 | -€1,749 | -28.2% |
| Amounts receivable within one year | 40/41 | €2,502 | €14 | -€2,488 | -99.4% |
| Trade receivables | 40 | €2,488 | - | -€2,488 | |
| Other amounts receivable | 41 | €14 | €14 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,529 | €3,286 | +€757 | +29.9% |
| Deferred charges and accrued income | 490/1 | €1,166 | €1,148 | -€18 | -1.5% |
| Total equity and liabilities | 10/49 | €842,350 | €811,271 | -€31,079 | -3.7% |
| Equity | 10/15 | €225,352 | €240,263 | +€14,911 | +6.6% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €206,723 | €206,195 | -€528 | -0.3% |
| Tax-exempt reserves | 132 | €5,459 | €4,931 | -€528 | -9.7% |
| Distributable reserves | 133 | €201,264 | €201,264 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,424 | €27,863 | +€15,439 | +124.3% |
| Provisions and deferred taxes | 16 | €2,293 | €2,071 | -€222 | -9.7% |
| Deferred taxes | 168 | €2,293 | €2,071 | -€222 | -9.7% |
| Amounts payable | 17/49 | €614,705 | €568,937 | -€45,768 | -7.4% |
| Amounts payable after more than one year | 17 | €570,998 | €511,234 | -€59,764 | -10.5% |
| Financial debts | 170/4 | €190,998 | €161,234 | -€29,764 | -15.6% |
| Other amounts payable | 178/9 | €380,000 | €350,000 | -€30,000 | -7.9% |
| Amounts payable within one year | 42/48 | €43,700 | €57,703 | +€14,003 | +32.0% |
| Current portion of amounts payable after more than one year | 42 | €29,468 | €29,764 | +€296 | +1.0% |
| Trade debts | 44 | €8,190 | €10,732 | +€2,542 | +31.0% |
| Suppliers | 440/4 | €8,190 | €10,732 | +€2,542 | +31.0% |
| Advances received on contracts in progress | 46 | €2,350 | €650 | -€1,700 | -72.3% |
| Other amounts payable | 47/48 | €3,692 | €16,557 | +€12,865 | +348.5% |
| Accrued charges and deferred income | 492/3 | €7 | - | -€7 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,045 | €52,906 | +€2,861 | +5.7% |
| Other operating charges | 640/8 | €8,295 | €9,183 | +€888 | +10.7% |
| Gross operating margin | 9900 | €72,427 | €78,946 | +€6,519 | +9.0% |
| Operating profit (loss) | 9901 | €14,087 | €16,857 | +€2,770 | +19.7% |
| Financial income | 75/76B | €49 | €8 | -€41 | -83.7% |
| Recurring financial income | 75 | €49 | €8 | -€41 | -83.7% |
| Financial charges | 65/66B | €2,462 | €2,174 | -€288 | -11.7% |
| Recurring financial charges | 65 | €2,462 | €2,174 | -€288 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €11,674 | €14,691 | +€3,017 | +25.8% |
| Transfer from deferred taxes | 780 | €222 | €222 | = | 0.0% |
| Income taxes | 67/77 | - | €2 | +€2 | |
| Profit (loss) for the period | 9904 | €11,896 | €14,911 | +€3,015 | +25.3% |
| Transfer from tax-exempt reserves | 789 | €528 | €528 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,424 | €15,439 | +€3,015 | +24.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.