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
- Receivables within one year -€103,898
down €103,898 (-66.5%), from €156,271 to €52,373
of which Trade receivables: -€58,970
- Cash +€16,396
up €16,396 (+491.3%), from €3,337 to €19,733
mainly Receivables within one year (+€103,898) and Tax, wage and social debts (+€12,279)
- Trade debts -€84,661
down €84,661 (-64.5%), from €131,347 to €46,686
- Profit (loss) carried forward -€16,222
new in 2025: -€16,222
- Tax, wage and social debts +€12,279
up €12,279 (+73.9%), from €16,626 to €28,905
- Gross operating margin -€21,617
down €21,617, from €9,404 to -€12,213
- Taxes +€1,000
new in 2025: €1,000
- Other operating charges -€280
down €280 (-14.3%), from €1,953 to €1,673
- Depreciation +€276
up €276 (+33.4%), from €825 to €1,101
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 | €162,299 | €73,696 | -€88,603 | -54.6% |
| Fixed assets | 21/28 | €2,691 | €1,590 | -€1,101 | -40.9% |
| Tangible fixed assets | 22/27 | €2,691 | €1,590 | -€1,101 | -40.9% |
| Furniture and vehicles | 24 | €2,691 | €1,590 | -€1,101 | -40.9% |
| Current assets | 29/58 | €159,608 | €72,106 | -€87,502 | -54.8% |
| Amounts receivable within one year | 40/41 | €156,271 | €52,373 | -€103,898 | -66.5% |
| Trade receivables | 40 | €109,675 | €50,705 | -€58,970 | -53.8% |
| Other amounts receivable | 41 | €46,596 | €1,668 | -€44,928 | -96.4% |
| Cash at bank and in hand | 54/58 | €3,337 | €19,733 | +€16,396 | +491.3% |
| Total equity and liabilities | 10/49 | €162,299 | €73,696 | -€88,603 | -54.6% |
| Equity | 10/15 | €14,327 | -€1,895 | -€16,222 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €12,327 | €12,327 | = | 0.0% |
| Non-distributable reserves | 130/1 | €200 | €200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €200 | €200 | = | 0.0% |
| Distributable reserves | 133 | €12,127 | €12,127 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€16,222 | -€16,222 | |
| Amounts payable | 17/49 | €147,972 | €75,591 | -€72,381 | -48.9% |
| Amounts payable within one year | 42/48 | €147,972 | €75,591 | -€72,381 | -48.9% |
| Trade debts | 44 | €131,347 | €46,686 | -€84,661 | -64.5% |
| Suppliers | 440/4 | €131,347 | €46,686 | -€84,661 | -64.5% |
| Taxes, remuneration and social security | 45 | €16,626 | €28,905 | +€12,279 | +73.9% |
| Taxes | 450/3 | €16,626 | €28,905 | +€12,279 | +73.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €825 | €1,101 | +€276 | +33.4% |
| Other operating charges | 640/8 | €1,953 | €1,673 | -€280 | -14.3% |
| Gross operating margin | 9900 | €9,404 | -€12,213 | -€21,617 | |
| Operating profit (loss) | 9901 | €6,625 | -€14,988 | -€21,613 | |
| Financial income | 75/76B | €3 | €13 | +€10 | +366.8% |
| Recurring financial income | 75 | €3 | €13 | +€10 | +366.8% |
| Financial charges | 65/66B | €191 | €247 | +€56 | +29.3% |
| Recurring financial charges | 65 | €191 | €247 | +€56 | +29.3% |
| Profit (loss) for the period before taxes | 9903 | €6,437 | -€15,222 | -€21,659 | |
| Income taxes | 67/77 | - | €1,000 | +€1,000 | |
| Profit (loss) for the period | 9904 | €6,437 | -€16,222 | -€22,659 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,437 | -€16,222 | -€22,659 |
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 12 October 2026 via checked.be.