LESZEK LOREK: 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.
LESZEK LOREK
Largest movements
- Receivables within one year -€59,825
down €59,825 (-56.1%), from €106,604 to €46,779
of which Trade receivables: -€50,006
- Tangible fixed assets -€4,904
down €4,904 (-21.0%), from €23,343 to €18,439
of which Furniture and vehicles: -€3,980
- Cash -€2,583
down €2,583 (-89.5%), from €2,888 to €305
mainly Net result for the year (-€45,438) and Trade debts (-€22,842)
- Reserves -€45,438
down €45,438 (-68.3%), from €66,511 to €21,073
- Other debts +€26,000
up €26,000, from €0 to €26,000
- Trade debts -€22,842
down €22,842 (-97.1%), from €23,536 to €694
- Tax, wage and social debts -€21,339
down €21,339 (-100.0%), from €21,339 to €0
- Debts after one year -€3,543
down €3,543 (-26.3%), from €13,478 to €9,934
- Gross operating margin -€51,401
down €51,401, from €11,175 to -€40,226
- Financial income +€1,813
up €1,813 (+481.8%), from €376 to €2,190
- Taxes -€1,191
down €1,191 (-100.0%), from €1,191 to €0
- Financial charges +€828
up €828 (+65.0%), from €1,274 to €2,102
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 | €133,115 | €66,245 | -€66,870 | -50.2% |
| Fixed assets | 21/28 | €23,623 | €18,719 | -€4,904 | -20.8% |
| Tangible fixed assets | 22/27 | €23,343 | €18,439 | -€4,904 | -21.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €17,290 | €13,310 | -€3,980 | -23.0% |
| Other tangible fixed assets | 26 | €6,053 | €5,129 | -€924 | -15.3% |
| Financial fixed assets | 28 | €280 | €280 | = | 0.0% |
| Current assets | 29/58 | €109,492 | €47,525 | -€61,966 | -56.6% |
| Amounts receivable within one year | 40/41 | €106,604 | €46,779 | -€59,825 | -56.1% |
| Trade receivables | 40 | €60,575 | €10,569 | -€50,006 | -82.6% |
| Other amounts receivable | 41 | €46,029 | €36,211 | -€9,818 | -21.3% |
| Cash at bank and in hand | 54/58 | €2,888 | €305 | -€2,583 | -89.5% |
| Deferred charges and accrued income | 490/1 | - | €442 | +€442 | |
| Total equity and liabilities | 10/49 | €133,115 | €66,245 | -€66,870 | -50.2% |
| Equity | 10/15 | €71,511 | €26,073 | -€45,438 | -63.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €66,511 | €21,073 | -€45,438 | -68.3% |
| Distributable reserves | 133 | €66,511 | €21,073 | -€45,438 | -68.3% |
| Amounts payable | 17/49 | €61,604 | €40,172 | -€21,432 | -34.8% |
| Amounts payable after more than one year | 17 | €13,478 | €9,934 | -€3,543 | -26.3% |
| Financial debts | 170/4 | €13,478 | €9,934 | -€3,543 | -26.3% |
| Amounts payable within one year | 42/48 | €48,126 | €30,237 | -€17,889 | -37.2% |
| Current portion of amounts payable after more than one year | 42 | €3,251 | €3,543 | +€292 | +9.0% |
| Trade debts | 44 | €23,536 | €694 | -€22,842 | -97.1% |
| Suppliers | 440/4 | €23,536 | €694 | -€22,842 | -97.1% |
| Taxes, remuneration and social security | 45 | €21,339 | €0 | -€21,339 | -100.0% |
| Taxes | 450/3 | €21,339 | €0 | -€21,339 | -100.0% |
| Other amounts payable | 47/48 | €0 | €26,000 | +€26,000 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,653 | €4,904 | +€251 | +5.4% |
| Other operating charges | 640/8 | €492 | €396 | -€97 | -19.6% |
| Non-recurring operating charges | 66A | €123 | €0 | -€123 | -100.0% |
| Gross operating margin | 9900 | €11,175 | -€40,226 | -€51,401 | |
| Operating profit (loss) | 9901 | €5,907 | -€45,526 | -€51,433 | |
| Financial income | 75/76B | €376 | €2,190 | +€1,813 | +481.8% |
| Recurring financial income | 75 | €376 | €2,190 | +€1,813 | +481.8% |
| Financial charges | 65/66B | €1,274 | €2,102 | +€828 | +65.0% |
| Recurring financial charges | 65 | €1,274 | €2,102 | +€828 | +65.0% |
| Profit (loss) for the period before taxes | 9903 | €5,009 | -€45,438 | -€50,447 | |
| Income taxes | 67/77 | €1,191 | €0 | -€1,191 | -100.0% |
| Profit (loss) for the period | 9904 | €3,818 | -€45,438 | -€49,256 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,818 | -€45,438 | -€49,256 |
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 11 October 2026 via checked.be.