LOBOSAN: 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.
LOBOSAN
Largest movements
- Financial fixed assets -€43,252
down €43,252 (-13.2%), from €327,223 to €283,971
- Current investments +€25,000
new in 2025: €25,000
- Cash -€22,551
down €22,551 (-38.6%), from €58,463 to €35,912
mainly Other debts (-€104,202) and Debts after one year (-€68,670)
- Tangible fixed assets -€10,826
down €10,826 (-4.3%), from €250,991 to €240,166
of which Plant, machinery and equipment: -€6,461
- Reserves +€159,070
up €159,070 (+183%), from €86,978 to €246,048
of which Distributable reserves: +€159,070
- Other debts -€104,202
down €104,202 (-83.5%), from €124,818 to €20,616
- Debts after one year -€68,670
down €68,670 (-24.2%), from €283,325 to €214,655
- Tax, wage and social debts -€36,378
down €36,378 (-84.7%), from €42,962 to €6,584
- Financial income +€101,576
up €101,576 (+1,843,490%), from €6 to €101,582
- Gross operating margin -€8,746
down €8,746 (-7.5%), from €116,633 to €107,886
- Taxes -€4,420
down €4,420 (-16.2%), from €27,351 to €22,931
- Financial charges -€2,374
down €2,374 (-22.0%), from €10,803 to €8,429
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 | €637,346 | €587,272 | -€50,075 | -7.9% |
| Fixed assets | 21/28 | €578,214 | €524,137 | -€54,077 | -9.4% |
| Tangible fixed assets | 22/27 | €250,991 | €240,166 | -€10,826 | -4.3% |
| Land and buildings | 22 | €184,575 | €178,767 | -€5,808 | -3.1% |
| Plant, machinery and equipment | 23 | €43,719 | €37,258 | -€6,461 | -14.8% |
| Furniture and vehicles | 24 | €4,209 | €1,889 | -€2,320 | -55.1% |
| Other tangible fixed assets | 26 | €18,488 | €22,252 | +€3,764 | +20.4% |
| Financial fixed assets | 28 | €327,223 | €283,971 | -€43,252 | -13.2% |
| Current assets | 29/58 | €59,132 | €63,135 | +€4,003 | +6.8% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €194 | €2,083 | +€1,889 | +973% |
| Other amounts receivable | 41 | €194 | €2,083 | +€1,889 | +973% |
| Current investments | 50/53 | - | €25,000 | +€25,000 | |
| Cash at bank and in hand | 54/58 | €58,463 | €35,912 | -€22,551 | -38.6% |
| Deferred charges and accrued income | 490/1 | €475 | €140 | -€335 | -70.6% |
| Total equity and liabilities | 10/49 | €637,346 | €587,272 | -€50,075 | -7.9% |
| Equity | 10/15 | €105,578 | €264,648 | +€159,070 | +151% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €86,978 | €246,048 | +€159,070 | +183% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €86,978 | €246,048 | +€159,070 | +183% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €531,768 | €322,623 | -€209,145 | -39.3% |
| Amounts payable after more than one year | 17 | €283,325 | €214,655 | -€68,670 | -24.2% |
| Financial debts | 170/4 | €283,325 | €214,655 | -€68,670 | -24.2% |
| Amounts payable within one year | 42/48 | €247,483 | €106,635 | -€140,848 | -56.9% |
| Current portion of amounts payable after more than one year | 42 | €75,228 | €77,088 | +€1,860 | +2.5% |
| Trade debts | 44 | €4,475 | €2,348 | -€2,128 | -47.5% |
| Suppliers | 440/4 | €4,475 | €2,348 | -€2,128 | -47.5% |
| Taxes, remuneration and social security | 45 | €42,962 | €6,584 | -€36,378 | -84.7% |
| Taxes | 450/3 | €42,962 | €6,584 | -€36,378 | -84.7% |
| Other amounts payable | 47/48 | €124,818 | €20,616 | -€104,202 | -83.5% |
| Accrued charges and deferred income | 492/3 | €960 | €1,333 | +€373 | +38.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,228 | €14,589 | -€638 | -4.2% |
| Other operating charges | 640/8 | €3,313 | €3,649 | +€336 | +10.1% |
| Gross operating margin | 9900 | €116,633 | €107,886 | -€8,746 | -7.5% |
| Operating profit (loss) | 9901 | €98,092 | €89,648 | -€8,444 | -8.6% |
| Financial income | 75/76B | €6 | €101,582 | +€101,576 | +1,843,490% |
| Recurring financial income | 75 | €6 | €101,582 | +€101,576 | +1,843,490% |
| Financial charges | 65/66B | €10,803 | €8,429 | -€2,374 | -22.0% |
| Recurring financial charges | 65 | €10,803 | €8,429 | -€2,374 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €87,294 | €182,801 | +€95,507 | +109% |
| Income taxes | 67/77 | €27,351 | €22,931 | -€4,420 | -16.2% |
| Profit (loss) for the period | 9904 | €59,944 | €159,870 | +€99,927 | +167% |
| Profit (loss) for the period to be appropriated | 9905 | €59,944 | €159,870 | +€99,927 | +167% |
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 14 October 2026 via checked.be.