LOBRA METALS: 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.
LOBRA METALS
Largest movements
- Stocks and contracts -€73,798
down €73,798 (-65.6%), from €112,575 to €38,777
- Tangible fixed assets -€39,567
down €39,567 (-22.1%), from €178,813 to €139,245
of which Plant, machinery and equipment: -€34,341
- Receivables after one year +€33,793
up €33,793 (+6.3%), from €539,807 to €573,601
- Cash +€16,539
up €16,539 (+13.9%), from €118,717 to €135,256
mainly Depreciation (+€74,728) and Stocks and contracts (+€73,798)
- Receivables within one year +€10,639
up €10,639 (+13.0%), from €81,722 to €92,361
of which Trade receivables: +€10,147
- Profit (loss) carried forward -€26,720
down €26,720 (-4.3%), from €623,895 to €597,176
- Trade debts -€21,113
down €21,113 (-95.8%), from €22,049 to €936
- Gross operating margin -€12,942
down €12,942 (-34.6%), from €37,373 to €24,431
- Other operating charges -€5,092
down €5,092 (-51.6%), from €9,865 to €4,773
- Financial income +€3,234
up €3,234 (+10.6%), from €30,608 to €33,843
- Financial charges +€1,632
up €1,632 (+42.3%), from €3,860 to €5,491
- Depreciation +€811
up €811 (+1.1%), from €73,917 to €74,728
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 | €1,031,634 | €979,240 | -€52,394 | -5.1% |
| Fixed assets | 21/28 | €178,813 | €139,245 | -€39,567 | -22.1% |
| Tangible fixed assets | 22/27 | €178,813 | €139,245 | -€39,567 | -22.1% |
| Plant, machinery and equipment | 23 | €79,694 | €45,353 | -€34,341 | -43.1% |
| Furniture and vehicles | 24 | €99,119 | €93,892 | -€5,226 | -5.3% |
| Current assets | 29/58 | €852,821 | €839,994 | -€12,827 | -1.5% |
| Amounts receivable after more than one year | 29 | €539,807 | €573,601 | +€33,793 | +6.3% |
| Other amounts receivable | 291 | €539,807 | €573,601 | +€33,793 | +6.3% |
| Stocks and contracts in progress | 3 | €112,575 | €38,777 | -€73,798 | -65.6% |
| Stocks | 30/36 | €112,575 | €38,777 | -€73,798 | -65.6% |
| Amounts receivable within one year | 40/41 | €81,722 | €92,361 | +€10,639 | +13.0% |
| Trade receivables | 40 | €66,774 | €76,921 | +€10,147 | +15.2% |
| Other amounts receivable | 41 | €14,948 | €15,440 | +€492 | +3.3% |
| Cash at bank and in hand | 54/58 | €118,717 | €135,256 | +€16,539 | +13.9% |
| Total equity and liabilities | 10/49 | €1,031,634 | €979,240 | -€52,394 | -5.1% |
| Equity | 10/15 | €733,895 | €707,176 | -€26,720 | -3.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €623,895 | €597,176 | -€26,720 | -4.3% |
| Amounts payable | 17/49 | €297,738 | €272,064 | -€25,674 | -8.6% |
| Amounts payable after more than one year | 17 | €120,342 | €126,701 | +€6,359 | +5.3% |
| Financial debts | 170/4 | €120,342 | €126,701 | +€6,359 | +5.3% |
| Amounts payable within one year | 42/48 | €177,397 | €145,363 | -€32,034 | -18.1% |
| Current portion of amounts payable after more than one year | 42 | €57,391 | €48,933 | -€8,458 | -14.7% |
| Trade debts | 44 | €22,049 | €936 | -€21,113 | -95.8% |
| Suppliers | 440/4 | €22,049 | €936 | -€21,113 | -95.8% |
| Taxes, remuneration and social security | 45 | €10,317 | €7,613 | -€2,704 | -26.2% |
| Taxes | 450/3 | €10,317 | €7,613 | -€2,704 | -26.2% |
| Other amounts payable | 47/48 | €87,640 | €87,882 | +€242 | +0.3% |
| Non-recurring operating income | 76A | €2,118 | - | -€2,118 | |
| Remuneration, social security and pensions | 62 | €185 | - | -€185 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,917 | €74,728 | +€811 | +1.1% |
| Other operating charges | 640/8 | €9,865 | €4,773 | -€5,092 | -51.6% |
| Non-recurring operating charges | 66A | €1,401 | - | -€1,401 | |
| Gross operating margin | 9900 | €37,373 | €24,431 | -€12,942 | -34.6% |
| Operating profit (loss) | 9901 | -€47,996 | -€55,071 | -€7,075 | -14.7% |
| Financial income | 75/76B | €30,608 | €33,843 | +€3,234 | +10.6% |
| Recurring financial income | 75 | €30,608 | €33,843 | +€3,234 | +10.6% |
| Financial charges | 65/66B | €3,860 | €5,491 | +€1,632 | +42.3% |
| Recurring financial charges | 65 | €3,860 | €5,491 | +€1,632 | +42.3% |
| Profit (loss) for the period before taxes | 9903 | -€21,247 | -€26,720 | -€5,472 | -25.8% |
| Income taxes | 67/77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | -€21,247 | -€26,720 | -€5,472 | -25.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,247 | -€26,720 | -€5,472 | -25.8% |
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 30 October 2026 via checked.be.