LOBKE: 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.
LOBKE
Largest movements
- Current investments -€18,000
down €18,000 (-100.0%), from €18,000 to €0
- Cash +€13,587
up €13,587 (+84.4%), from €16,090 to €29,678
mainly Depreciation (+€37,489) and Net result for the year (+€29,077)
- Tangible fixed assets +€8,893
up €8,893 (+1.3%), from €698,692 to €707,585
of which Land and buildings: +€11,495
- Reserves +€29,000
up €29,000 (+78.7%), from €36,860 to €65,860
- Debts after one year -€20,489
down €20,489 (-4.0%), from €511,812 to €491,322
- Accrued charges and deferred income -€9,242
down €9,242 (-35.0%), from €26,397 to €17,155
- Depreciation -€23,990
down €23,990 (-39.0%), from €61,479 to €37,489
- Gross operating margin +€13,963
up €13,963 (+12.9%), from €108,411 to €122,375
- Taxes +€5,682
up €5,682 (+299.8%), from €1,895 to €7,577
- Financial income -€2,420
down €2,420 (-84.9%), from €2,849 to €429
- Financial charges +€2,375
up €2,375 (+9.0%), from €26,395 to €28,770
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 | €757,017 | €761,619 | +€4,602 | +0.6% |
| Fixed assets | 21/28 | €699,349 | €708,392 | +€9,043 | +1.3% |
| Tangible fixed assets | 22/27 | €698,692 | €707,585 | +€8,893 | +1.3% |
| Land and buildings | 22 | €688,061 | €699,556 | +€11,495 | +1.7% |
| Plant, machinery and equipment | 23 | €6,776 | €5,291 | -€1,485 | -21.9% |
| Furniture and vehicles | 24 | €3,855 | €2,738 | -€1,117 | -29.0% |
| Financial fixed assets | 28 | €657 | €807 | +€150 | +22.8% |
| Current assets | 29/58 | €57,668 | €53,227 | -€4,442 | -7.7% |
| Stocks and contracts in progress | 3 | €9,972 | €8,054 | -€1,918 | -19.2% |
| Stocks | 30/36 | €9,972 | €8,054 | -€1,918 | -19.2% |
| Amounts receivable within one year | 40/41 | €6,199 | €6,792 | +€593 | +9.6% |
| Trade receivables | 40 | €3,279 | €4,386 | +€1,108 | +33.8% |
| Other amounts receivable | 41 | €2,920 | €2,405 | -€515 | -17.6% |
| Current investments | 50/53 | €18,000 | €0 | -€18,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €16,090 | €29,678 | +€13,587 | +84.4% |
| Deferred charges and accrued income | 490/1 | €7,407 | €8,703 | +€1,295 | +17.5% |
| Total equity and liabilities | 10/49 | €757,017 | €761,619 | +€4,602 | +0.6% |
| Equity | 10/15 | €45,903 | €74,979 | +€29,077 | +63.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €36,860 | €65,860 | +€29,000 | +78.7% |
| Distributable reserves | 133 | €36,860 | €65,860 | +€29,000 | +78.7% |
| Profit (loss) carried forward | 14 | €2,843 | €2,919 | +€77 | +2.7% |
| Amounts payable | 17/49 | €711,114 | €686,639 | -€24,475 | -3.4% |
| Amounts payable after more than one year | 17 | €511,812 | €491,322 | -€20,489 | -4.0% |
| Financial debts | 170/4 | €511,812 | €491,322 | -€20,489 | -4.0% |
| Amounts payable within one year | 42/48 | €172,906 | €178,162 | +€5,256 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €35,155 | €34,093 | -€1,063 | -3.0% |
| Trade debts | 44 | €19,624 | €17,222 | -€2,402 | -12.2% |
| Suppliers | 440/4 | €19,624 | €17,222 | -€2,402 | -12.2% |
| Taxes, remuneration and social security | 45 | €11,368 | €16,685 | +€5,317 | +46.8% |
| Taxes | 450/3 | €7,262 | €11,736 | +€4,474 | +61.6% |
| Remuneration and social security | 454/9 | €4,106 | €4,949 | +€843 | +20.5% |
| Other amounts payable | 47/48 | €106,758 | €110,162 | +€3,404 | +3.2% |
| Accrued charges and deferred income | 492/3 | €26,397 | €17,155 | -€9,242 | -35.0% |
| Non-recurring operating income | 76A | €9,520 | €9,494 | -€26 | -0.3% |
| Remuneration, social security and pensions | 62 | €8,255 | €10,258 | +€2,004 | +24.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,479 | €37,489 | -€23,990 | -39.0% |
| Other operating charges | 640/8 | €10,586 | €9,288 | -€1,298 | -12.3% |
| Non-recurring operating charges | 66A | - | €344 | +€344 | |
| Gross operating margin | 9900 | €108,411 | €122,375 | +€13,963 | +12.9% |
| Operating profit (loss) | 9901 | €28,092 | €64,995 | +€36,904 | +131.4% |
| Financial income | 75/76B | €2,849 | €429 | -€2,420 | -84.9% |
| Recurring financial income | 75 | €2,849 | €429 | -€2,420 | -84.9% |
| Financial charges | 65/66B | €26,395 | €28,770 | +€2,375 | +9.0% |
| Recurring financial charges | 65 | €26,395 | €28,770 | +€2,375 | +9.0% |
| Profit (loss) for the period before taxes | 9903 | €4,545 | €36,654 | +€32,109 | +706.5% |
| Income taxes | 67/77 | €1,895 | €7,577 | +€5,682 | +299.8% |
| Profit (loss) for the period | 9904 | €2,650 | €29,077 | +€26,427 | +997.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,650 | €29,077 | +€26,427 | +997.4% |
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 7 October 2026 via checked.be.