LOBO: 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.
LOBO
Largest movements
- Tangible fixed assets -€1.3m
down €1.3m (-100.0%), from €1.3m to €0
- Receivables within one year +€192,500
up €192,500 (+364.6%), from €52,799 to €245,300
of which Other amounts receivable: +€192,500
- Current portion of long-term debt -€732,000
down €732,000 (-100.0%), from €732,000 to €0
- Profit (loss) carried forward -€220,215
down €220,215 (-145.7%), from -€151,187 to -€371,402
- Other debts -€151,654
down €151,654 (-38.4%), from €395,115 to €243,461
- Gross operating margin +€117,980
up €117,980 (+1515.9%), from €7,783 to €125,763
- Depreciation -€28,529
down €28,529 (-100.0%), from €28,529 to €0
- Financial charges -€27,186
down €27,186 (-69.2%), from €39,302 to €12,117
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 | €1,364,504 | €250,261 | -€1.1m | -81.7% |
| Fixed assets | 21/28 | €1,309,497 | €0 | -€1.3m | -100.0% |
| Tangible fixed assets | 22/27 | €1,309,497 | €0 | -€1.3m | -100.0% |
| Land and buildings | 22 | €1,309,497 | €0 | -€1.3m | -100.0% |
| Current assets | 29/58 | €55,007 | €250,261 | +€195,254 | +355.0% |
| Amounts receivable within one year | 40/41 | €52,799 | €245,300 | +€192,500 | +364.6% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €52,799 | €245,300 | +€192,500 | +364.6% |
| Cash at bank and in hand | 54/58 | €1,455 | €4,961 | +€3,506 | +241.1% |
| Deferred charges and accrued income | 490/1 | €753 | €0 | -€753 | -100.0% |
| Total equity and liabilities | 10/49 | €1,364,504 | €250,261 | -€1.1m | -81.7% |
| Equity | 10/15 | €226,700 | €6,485 | -€220,215 | -97.1% |
| Contributions | 10/11 | €263,299 | €263,299 | = | 0.0% |
| Reserves | 13 | €114,588 | €114,588 | = | 0.0% |
| Non-distributable reserves | 130/1 | €21,019 | €21,019 | = | 0.0% |
| Reserves not available under the articles | 1311 | €21,019 | €21,019 | = | 0.0% |
| Distributable reserves | 133 | €93,568 | €93,568 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€151,187 | -€371,402 | -€220,215 | -145.7% |
| Amounts payable | 17/49 | €1,137,804 | €243,776 | -€894,028 | -78.6% |
| Amounts payable within one year | 42/48 | €1,130,199 | €243,776 | -€886,423 | -78.4% |
| Current portion of amounts payable after more than one year | 42 | €732,000 | €0 | -€732,000 | -100.0% |
| Trade debts | 44 | €3,083 | €315 | -€2,768 | -89.8% |
| Suppliers | 440/4 | €3,083 | €315 | -€2,768 | -89.8% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €395,115 | €243,461 | -€151,654 | -38.4% |
| Accrued charges and deferred income | 492/3 | €7,605 | €0 | -€7,605 | -100.0% |
| Non-recurring operating income | 76A | - | €145,743 | +€145,743 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,529 | €0 | -€28,529 | -100.0% |
| Other operating charges | 640/8 | €3,513 | €3,623 | +€109 | +3.1% |
| Non-recurring operating charges | 66A | - | €330,239 | +€330,239 | |
| Gross operating margin | 9900 | €7,783 | €125,763 | +€117,980 | +1515.9% |
| Operating profit (loss) | 9901 | -€24,259 | -€208,099 | -€183,839 | -757.8% |
| Financial charges | 65/66B | €39,302 | €12,117 | -€27,186 | -69.2% |
| Recurring financial charges | 65 | €39,302 | €12,117 | -€27,186 | -69.2% |
| Profit (loss) for the period before taxes | 9903 | -€63,562 | -€220,215 | -€156,654 | -246.5% |
| Profit (loss) for the period | 9904 | -€63,562 | -€220,215 | -€156,654 | -246.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€63,562 | -€220,215 | -€156,654 | -246.5% |
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 9 October 2026 via checked.be.