L'OR BLANC: 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.
L'OR BLANC
Largest movements
- Stocks and contracts -€9,413
down €9,413 (-7.4%), from €127,427 to €118,014
- Cash -€2,392
down €2,392 (-67.4%), from €3,548 to €1,156
mainly Trade debts (-€33,959)
- Trade debts -€33,959
down €33,959 (-45.7%), from €74,261 to €40,302
- Other debts +€17,119
up €17,119 (+3,917%), from €437 to €17,556
- Profit (loss) carried forward +€2,637
up €2,637 (+14.4%), from €18,342 to €20,979
- Tax, wage and social debts +€2,398
up €2,398 (+13.0%), from €18,392 to €20,790
of which Taxes: +€6,486
- Turnover -€146,620
down €146,620 (-36.8%), from €398,866 to €252,246
- Purchases and services -€134,479
down €134,479 (-39.3%), from €342,387 to €207,908
- Staff costs -€13,329
down €13,329 (-25.0%), from €53,373 to €40,044
- Gross operating margin -€12,141
down €12,141 (-21.5%), from €56,479 to €44,338
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 | €131,128 | €119,323 | -€11,805 | -9.0% |
| Fixed assets | 21/28 | €153 | €153 | = | 0.0% |
| Financial fixed assets | 28 | €153 | €153 | = | 0.0% |
| Current assets | 29/58 | €130,975 | €119,170 | -€11,805 | -9.0% |
| Stocks and contracts in progress | 3 | €127,427 | €118,014 | -€9,413 | -7.4% |
| Stocks | 30/36 | €127,427 | €118,014 | -€9,413 | -7.4% |
| Cash at bank and in hand | 54/58 | €3,548 | €1,156 | -€2,392 | -67.4% |
| Total equity and liabilities | 10/49 | €131,128 | €119,323 | -€11,805 | -9.0% |
| Equity | 10/15 | €38,038 | €40,675 | +€2,637 | +6.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €1,096 | €1,096 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,096 | €1,096 | = | 0.0% |
| Legal reserve | 130 | €1,096 | - | -€1,096 | |
| Reserves not available under the articles | 1311 | - | €1,096 | +€1,096 | |
| Profit (loss) carried forward | 14 | €18,342 | €20,979 | +€2,637 | +14.4% |
| Amounts payable | 17/49 | €93,090 | €78,648 | -€14,442 | -15.5% |
| Amounts payable within one year | 42/48 | €93,090 | €78,648 | -€14,442 | -15.5% |
| Trade debts | 44 | €74,261 | €40,302 | -€33,959 | -45.7% |
| Suppliers | 440/4 | €74,261 | €40,302 | -€33,959 | -45.7% |
| Taxes, remuneration and social security | 45 | €18,392 | €20,790 | +€2,398 | +13.0% |
| Taxes | 450/3 | €9,660 | €16,146 | +€6,486 | +67.1% |
| Remuneration and social security | 454/9 | €8,732 | €4,644 | -€4,088 | -46.8% |
| Other amounts payable | 47/48 | €437 | €17,556 | +€17,119 | +3,917% |
| Turnover | 70 | €398,866 | €252,246 | -€146,620 | -36.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €342,387 | €207,908 | -€134,479 | -39.3% |
| Remuneration, social security and pensions | 62 | €53,373 | €40,044 | -€13,329 | -25.0% |
| Other operating charges | 640/8 | €190 | €744 | +€554 | +292% |
| Gross operating margin | 9900 | €56,479 | €44,338 | -€12,141 | -21.5% |
| Operating profit (loss) | 9901 | €2,916 | €3,550 | +€634 | +21.7% |
| Financial charges | 65/66B | €399 | €254 | -€145 | -36.3% |
| Recurring financial charges | 65 | €399 | €254 | -€145 | -36.3% |
| Profit (loss) for the period before taxes | 9903 | €2,517 | €3,296 | +€779 | +30.9% |
| Income taxes | 67/77 | - | €659 | +€659 | |
| Profit (loss) for the period | 9904 | €2,517 | €2,637 | +€120 | +4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,517 | €2,637 | +€120 | +4.8% |
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 1 November 2026 via checked.be.