LOLBE: 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.
LOLBE
Largest movements
- Tangible fixed assets -€42,136
down €42,136 (-23.4%), from €179,853 to €137,717
- Cash -€3,635
down €3,635 (-28.8%), from €12,635 to €9,000
mainly Net result for the year (-€15,123) and Accrued charges and deferred income (-€11,193)
- Profit (loss) carried forward -€15,123
down €15,123 (-30.7%), from -€49,262 to -€64,385
- Accrued charges and deferred income -€11,193
no longer reported in 2025 (was €11,193)
- Other debts -€6,606
down €6,606 (-3.5%), from €188,839 to €182,233
- Current portion of long-term debt -€4,477
down €4,477 (-66.4%), from €6,747 to €2,269
- Tax, wage and social debts -€3,803
down €3,803 (-70.5%), from €5,393 to €1,590
- Depreciation -€3,079
down €3,079 (-6.5%), from €47,475 to €44,396
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 | €199,944 | €155,886 | -€44,058 | -22.0% |
| Fixed assets | 21/28 | €179,853 | €137,717 | -€42,136 | -23.4% |
| Tangible fixed assets | 22/27 | €179,853 | €137,717 | -€42,136 | -23.4% |
| Plant, machinery and equipment | 23 | €4,618 | €5,013 | +€395 | +8.5% |
| Furniture and vehicles | 24 | €55,894 | €40,401 | -€15,493 | -27.7% |
| Leasing and similar rights | 25 | €9,147 | €2,549 | -€6,598 | -72.1% |
| Other tangible fixed assets | 26 | €110,194 | €89,755 | -€20,439 | -18.5% |
| Current assets | 29/58 | €20,091 | €18,169 | -€1,922 | -9.6% |
| Amounts receivable within one year | 40/41 | €7,178 | €8,857 | +€1,679 | +23.4% |
| Trade receivables | 40 | €7,178 | €8,318 | +€1,141 | +15.9% |
| Other amounts receivable | 41 | - | €538 | +€538 | |
| Cash at bank and in hand | 54/58 | €12,635 | €9,000 | -€3,635 | -28.8% |
| Deferred charges and accrued income | 490/1 | €279 | €312 | +€34 | +12.0% |
| Total equity and liabilities | 10/49 | €199,944 | €155,886 | -€44,058 | -22.0% |
| Equity | 10/15 | -€19,821 | -€34,944 | -€15,123 | -76.3% |
| Contributions | 10/11 | €13,320 | €13,320 | = | 0.0% |
| Reserves | 13 | €16,121 | €16,121 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,261 | €14,261 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,262 | -€64,385 | -€15,123 | -30.7% |
| Amounts payable | 17/49 | €219,765 | €190,831 | -€28,935 | -13.2% |
| Amounts payable after more than one year | 17 | €2,269 | - | -€2,269 | |
| Financial debts | 170/4 | €2,269 | - | -€2,269 | |
| Amounts payable within one year | 42/48 | €206,303 | €190,831 | -€15,472 | -7.5% |
| Current portion of amounts payable after more than one year | 42 | €6,747 | €2,269 | -€4,477 | -66.4% |
| Trade debts | 44 | €5,325 | €4,739 | -€586 | -11.0% |
| Suppliers | 440/4 | €5,325 | €4,739 | -€586 | -11.0% |
| Taxes, remuneration and social security | 45 | €5,393 | €1,590 | -€3,803 | -70.5% |
| Taxes | 450/3 | €5,393 | €1,590 | -€3,803 | -70.5% |
| Other amounts payable | 47/48 | €188,839 | €182,233 | -€6,606 | -3.5% |
| Accrued charges and deferred income | 492/3 | €11,193 | - | -€11,193 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,475 | €44,396 | -€3,079 | -6.5% |
| Other operating charges | 640/8 | €1,295 | €1,194 | -€100 | -7.7% |
| Non-recurring operating charges | 66A | €345 | - | -€345 | |
| Gross operating margin | 9900 | €30,932 | €30,825 | -€106 | -0.3% |
| Operating profit (loss) | 9901 | -€18,183 | -€14,765 | +€3,418 | +18.8% |
| Financial income | 75/76B | €113 | €7 | -€106 | -93.8% |
| Recurring financial income | 75 | €113 | €7 | -€106 | -93.8% |
| Non-recurring financial income | 76B | €113 | €7 | -€106 | -93.8% |
| Financial charges | 65/66B | €314 | €222 | -€92 | -29.3% |
| Recurring financial charges | 65 | €314 | €222 | -€92 | -29.3% |
| Profit (loss) for the period before taxes | 9903 | -€18,384 | -€14,980 | +€3,404 | +18.5% |
| Income taxes | 67/77 | €139 | €143 | +€4 | +2.6% |
| Profit (loss) for the period | 9904 | -€18,524 | -€15,123 | +€3,401 | +18.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,524 | -€15,123 | +€3,401 | +18.4% |
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 2 October 2026 via checked.be.