LOBO: 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.
LOBO
Largest movements
- Tangible fixed assets -€9,886
down €9,886 (-70.7%), from €13,991 to €4,105
of which Plant, machinery and equipment: -€9,700
- Receivables within one year -€3,510
down €3,510 (-13.7%), from €25,579 to €22,069
of which Trade receivables: -€6,632
- Profit (loss) carried forward -€14,464
down €14,464 (-31.8%), from -€45,517 to -€59,980
- Other debts +€2,246
up €2,246 (+3.9%), from €58,176 to €60,422
- Trade debts -€1,975
down €1,975 (-15.6%), from €12,621 to €10,646
- Accrued charges and deferred income +€777
new in 2025: €777
- Gross operating margin -€7,931
down €7,931 (-86.2%), from €9,201 to €1,271
- Other operating charges -€5,418
down €5,418 (-61.4%), from €8,830 to €3,412
- Depreciation -€2,555
down €2,555 (-17.5%), from €14,591 to €12,036
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 | €58,511 | €45,095 | -€13,416 | -22.9% |
| Fixed assets | 21/28 | €27,029 | €17,143 | -€9,886 | -36.6% |
| Tangible fixed assets | 22/27 | €13,991 | €4,105 | -€9,886 | -70.7% |
| Land and buildings | 22 | €1,299 | €1,114 | -€186 | -14.3% |
| Plant, machinery and equipment | 23 | €12,692 | €2,992 | -€9,700 | -76.4% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €13,038 | €13,038 | = | 0.0% |
| Current assets | 29/58 | €31,482 | €27,952 | -€3,530 | -11.2% |
| Amounts receivable within one year | 40/41 | €25,579 | €22,069 | -€3,510 | -13.7% |
| Trade receivables | 40 | €24,432 | €17,800 | -€6,632 | -27.1% |
| Other amounts receivable | 41 | €1,147 | €4,269 | +€3,122 | +272% |
| Cash at bank and in hand | 54/58 | €5,903 | €5,883 | -€20 | -0.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €58,511 | €45,095 | -€13,416 | -22.9% |
| Equity | 10/15 | -€21,764 | -€36,228 | -€14,464 | -66.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,153 | €5,153 | = | 0.0% |
| Distributable reserves | 133 | €5,153 | €5,153 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,517 | -€59,980 | -€14,464 | -31.8% |
| Amounts payable | 17/49 | €80,275 | €81,323 | +€1,048 | +1.3% |
| Amounts payable within one year | 42/48 | €80,275 | €80,546 | +€271 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €12,621 | €10,646 | -€1,975 | -15.6% |
| Suppliers | 440/4 | €12,621 | €10,646 | -€1,975 | -15.6% |
| Advances received on contracts in progress | 46 | €4,223 | €4,223 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €5,254 | €5,254 | = | 0.0% |
| Taxes | 450/3 | €5,254 | €5,254 | = | 0.0% |
| Other amounts payable | 47/48 | €58,176 | €60,422 | +€2,246 | +3.9% |
| Accrued charges and deferred income | 492/3 | - | €777 | +€777 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,591 | €12,036 | -€2,555 | -17.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €8,830 | €3,412 | -€5,418 | -61.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €9,201 | €1,271 | -€7,931 | -86.2% |
| Operating profit (loss) | 9901 | -€14,219 | -€14,177 | +€43 | +0.3% |
| Financial income | 75/76B | €4 | €1 | -€3 | -76.3% |
| Recurring financial income | 75 | €4 | €1 | -€3 | -76.3% |
| Financial charges | 65/66B | €241 | €288 | +€46 | +19.2% |
| Recurring financial charges | 65 | €241 | €288 | +€46 | +19.2% |
| Profit (loss) for the period before taxes | 9903 | -€14,457 | -€14,464 | -€6 | 0.0% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€14,457 | -€14,464 | -€6 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,457 | -€14,464 | -€6 | 0.0% |
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 15 October 2026 via checked.be.