LOBET R.: 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.
LOBET R.
Largest movements
- Tangible fixed assets -€26,930
down €26,930 (-5.8%), from €465,469 to €438,539
of which Other tangible fixed assets: -€22,745
- Receivables within one year +€8,407
up €8,407 (+60.8%), from €13,835 to €22,242
of which Other amounts receivable: +€8,740
- Profit (loss) carried forward +€19,893
up €19,893 (+13.6%), from €146,360 to €166,253
- Debts after one year -€16,748
down €16,748 (-8.2%), from €203,482 to €186,734
- Other debts -€12,279
down €12,279 (-33.5%), from €36,672 to €24,393
- Trade debts -€7,272
down €7,272 (-32.0%), from €22,747 to €15,475
- Gross operating margin +€7,793
up €7,793 (+12.9%), from €60,488 to €68,281
- Other operating charges -€5,165
down €5,165 (-86.1%), from €6,002 to €837
- Depreciation -€4,678
down €4,678 (-12.6%), from €37,119 to €32,441
- Taxes +€1,003
up €1,003 (+14.7%), from €6,844 to €7,847
- Financial charges -€982
down €982 (-11.6%), from €8,436 to €7,454
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 | €497,691 | €484,201 | -€13,490 | -2.7% |
| Fixed assets | 21/28 | €465,469 | €438,539 | -€26,930 | -5.8% |
| Tangible fixed assets | 22/27 | €465,469 | €438,539 | -€26,930 | -5.8% |
| Furniture and vehicles | 24 | €5,120 | €935 | -€4,185 | -81.7% |
| Other tangible fixed assets | 26 | €460,349 | €437,604 | -€22,745 | -4.9% |
| Current assets | 29/58 | €32,222 | €45,662 | +€13,440 | +41.7% |
| Amounts receivable within one year | 40/41 | €13,835 | €22,242 | +€8,407 | +60.8% |
| Trade receivables | 40 | €8,019 | €7,686 | -€333 | -4.2% |
| Other amounts receivable | 41 | €5,816 | €14,556 | +€8,740 | +150% |
| Cash at bank and in hand | 54/58 | €17,183 | €19,155 | +€1,972 | +11.5% |
| Deferred charges and accrued income | 490/1 | €1,204 | €4,265 | +€3,061 | +254% |
| Total equity and liabilities | 10/49 | €497,691 | €484,201 | -€13,490 | -2.7% |
| Equity | 10/15 | €200,138 | €220,031 | +€19,893 | +9.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €47,578 | €47,578 | = | 0.0% |
| Tax-exempt reserves | 132 | €45,718 | €45,718 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €146,360 | €166,253 | +€19,893 | +13.6% |
| Amounts payable | 17/49 | €297,553 | €264,170 | -€33,383 | -11.2% |
| Amounts payable after more than one year | 17 | €203,482 | €186,734 | -€16,748 | -8.2% |
| Financial debts | 170/4 | €203,482 | €186,734 | -€16,748 | -8.2% |
| Amounts payable within one year | 42/48 | €94,071 | €77,436 | -€16,635 | -17.7% |
| Current portion of amounts payable after more than one year | 42 | €16,602 | €16,748 | +€146 | +0.9% |
| Trade debts | 44 | €22,747 | €15,475 | -€7,272 | -32.0% |
| Suppliers | 440/4 | €22,747 | €15,475 | -€7,272 | -32.0% |
| Taxes, remuneration and social security | 45 | €18,050 | €20,820 | +€2,770 | +15.3% |
| Taxes | 450/3 | €16,100 | €18,870 | +€2,770 | +17.2% |
| Remuneration and social security | 454/9 | €1,950 | €1,950 | = | 0.0% |
| Other amounts payable | 47/48 | €36,672 | €24,393 | -€12,279 | -33.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,119 | €32,441 | -€4,678 | -12.6% |
| Other operating charges | 640/8 | €6,002 | €837 | -€5,165 | -86.1% |
| Gross operating margin | 9900 | €60,488 | €68,281 | +€7,793 | +12.9% |
| Operating profit (loss) | 9901 | €17,367 | €35,003 | +€17,636 | +102% |
| Financial income | 75/76B | - | €191 | +€191 | |
| Recurring financial income | 75 | - | €191 | +€191 | |
| Financial charges | 65/66B | €8,436 | €7,454 | -€982 | -11.6% |
| Recurring financial charges | 65 | €8,436 | €7,454 | -€982 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €8,931 | €27,740 | +€18,809 | +211% |
| Income taxes | 67/77 | €6,844 | €7,847 | +€1,003 | +14.7% |
| Profit (loss) for the period | 9904 | €2,087 | €19,893 | +€17,806 | +853% |
| Profit (loss) for the period to be appropriated | 9905 | €2,087 | €19,893 | +€17,806 | +853% |
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 1 November 2026 via checked.be.