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
- Current investments -€320,000
down €320,000 (-80.0%), from €400,000 to €80,000
- Tangible fixed assets -€43,759
down €43,759 (-44.0%), from €99,470 to €55,712
of which Furniture and vehicles: -€34,867
- Receivables within one year +€25,567
up €25,567 (+32.0%), from €79,979 to €105,546
of which Other amounts receivable: +€105,546
- Profit (loss) carried forward -€303,593
no longer reported in 2025 (was €303,593)
- Tax, wage and social debts -€19,749
down €19,749 (-45.7%), from €43,257 to €23,509
- Debts after one year -€14,331
down €14,331 (-40.3%), from €35,568 to €21,236
- Gross operating margin -€167,937
down €167,937 (-58.7%), from €286,241 to €118,303
- Taxes -€29,521
down €29,521 (-50.3%), from €58,745 to €29,225
- Financial income +€29,329
up €29,329 (+80374.2%), from €36 to €29,365
of which Financial income: +€18,563
- Depreciation -€7,277
down €7,277 (-33.7%), from €21,613 to €14,336
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 | €619,764 | €280,644 | -€339,120 | -54.7% |
| Fixed assets | 21/28 | €99,470 | €55,712 | -€43,759 | -44.0% |
| Tangible fixed assets | 22/27 | €99,470 | €55,712 | -€43,759 | -44.0% |
| Furniture and vehicles | 24 | €87,615 | €52,748 | -€34,867 | -39.8% |
| Other tangible fixed assets | 26 | €11,855 | €2,964 | -€8,891 | -75.0% |
| Current assets | 29/58 | €520,293 | €224,932 | -€295,361 | -56.8% |
| Amounts receivable within one year | 40/41 | €79,979 | €105,546 | +€25,567 | +32.0% |
| Trade receivables | 40 | €79,979 | - | -€79,979 | |
| Other amounts receivable | 41 | - | €105,546 | +€105,546 | |
| Current investments | 50/53 | €400,000 | €80,000 | -€320,000 | -80.0% |
| Cash at bank and in hand | 54/58 | €39,770 | €38,819 | -€950 | -2.4% |
| Deferred charges and accrued income | 490/1 | €545 | €566 | +€22 | +3.9% |
| Total equity and liabilities | 10/49 | €619,764 | €280,644 | -€339,120 | -54.7% |
| Equity | 10/15 | €524,093 | €220,500 | -€303,593 | -57.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €210,500 | €210,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €210,500 | €210,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €303,593 | - | -€303,593 | |
| Amounts payable | 17/49 | €95,671 | €60,144 | -€35,527 | -37.1% |
| Amounts payable after more than one year | 17 | €35,568 | €21,236 | -€14,331 | -40.3% |
| Financial debts | 170/4 | €35,568 | €21,236 | -€14,331 | -40.3% |
| Amounts payable within one year | 42/48 | €60,103 | €38,907 | -€21,195 | -35.3% |
| Current portion of amounts payable after more than one year | 42 | €13,809 | €14,331 | +€523 | +3.8% |
| Trade debts | 44 | €999 | €1,067 | +€68 | +6.8% |
| Suppliers | 440/4 | €999 | €1,067 | +€68 | +6.8% |
| Taxes, remuneration and social security | 45 | €43,257 | €23,509 | -€19,749 | -45.7% |
| Taxes | 450/3 | €43,257 | €23,509 | -€19,749 | -45.7% |
| Other amounts payable | 47/48 | €2,038 | - | -€2,038 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,613 | €14,336 | -€7,277 | -33.7% |
| Other operating charges | 640/8 | €269 | €741 | +€472 | +175.6% |
| Gross operating margin | 9900 | €286,241 | €118,303 | -€167,937 | -58.7% |
| Operating profit (loss) | 9901 | €264,358 | €103,226 | -€161,133 | -61.0% |
| Financial income | 75/76B | €36 | €29,365 | +€29,329 | +80374.2% |
| Recurring financial income | 75 | €36 | €18,600 | +€18,563 | +50872.3% |
| Non-recurring financial income | 76B | - | €10,765 | +€10,765 | |
| Financial charges | 65/66B | €2,766 | €1,833 | -€933 | -33.7% |
| Recurring financial charges | 65 | €2,766 | €1,833 | -€933 | -33.7% |
| Profit (loss) for the period before taxes | 9903 | €261,629 | €130,757 | -€130,871 | -50.0% |
| Income taxes | 67/77 | €58,745 | €29,225 | -€29,521 | -50.3% |
| Profit (loss) for the period | 9904 | €202,883 | €101,533 | -€101,350 | -50.0% |
| Transfer to tax-exempt reserves | 689 | €84,200 | - | -€84,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €118,683 | €101,533 | -€17,150 | -14.5% |
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 5 October 2026 via checked.be.