LORA INVEST: what changed
What changed
LORA INVEST
NACE 16.281, Manufacture of other wood products
filed annual accounts (NBB)
Net result for the year
-€12,503
2024 · €17,817-€30,320
Equity
€196,246
2024 · €208,750-€12,503
Cash
€19,574
2024 · €29,821-€10,247
Balance sheet total
€1.3m
2024 · €1.4m-€81,751
Largest movements
Assets
- Tangible fixed assets -€52,819
down €52,819 (-5.0%), from €1.1m to €1.0m
of which Land and buildings: -€52,071
- Receivables after one year -€14,400
down €14,400 (-50.0%), from €28,800 to €14,400
Equity and liabilities
- Debts after one year -€46,882
down €46,882 (-9.2%), from €510,233 to €463,351
- Other debts -€19,579
down €19,579 (-3.2%), from €612,513 to €592,934
Income statement
- Turnover -€35,950
down €35,950 (-36.9%), from €97,550 to €61,600
- Gross operating margin -€29,541
down €29,541 (-30.7%), from €96,092 to €66,550
- Purchases and services +€10,430
up €10,430 (+38.5%), from €27,122 to €37,553
- Depreciation +€1,393
up €1,393 (+2.4%), from €58,629 to €60,022
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€17,817
Gross operating margin
-€29,541
Depreciation
-€1,393
Provisions
+€920
Other operating charges
-€105
Financial income
-€11
Financial charges
-€191
Result 2025
-€12,503
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€42,653
Investment
-€7,202
Financing
-€45,697
Cash 2024
€29,821
From operations (derived)
+€42,653
Net result for the year
-€12,503
Depreciation
+€60,022
Receivables after one year
+€14,400
Receivables within one year
+€2,541
Deferred charges and accrued income
+€1,744
Trade debts
-€3,702
Tax, wage and social debts
-€269
Other debts
-€19,579
Investment (derived)
-€7,202
Investment in fixed assets (net)
-€7,202
Financing
-€45,697
Debts after one year
-€46,882
Current portion of long-term debt
+€1,184
Cash 2025
€19,574
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,388,395 | €1,306,644 | -€81,751 | -5.9% |
| Fixed assets | 21/28 | €1,058,377 | €1,005,558 | -€52,819 | -5.0% |
| Tangible fixed assets | 22/27 | €1,058,328 | €1,005,508 | -€52,819 | -5.0% |
| Land and buildings | 22 | €1,054,132 | €1,002,061 | -€52,071 | -4.9% |
| Plant, machinery and equipment | 23 | - | €353 | +€353 | |
| Furniture and vehicles | 24 | €4,196 | €3,094 | -€1,101 | -26.2% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €330,018 | €301,086 | -€28,932 | -8.8% |
| Amounts receivable after more than one year | 29 | €28,800 | €14,400 | -€14,400 | -50.0% |
| Trade receivables | 290 | €28,800 | €14,400 | -€14,400 | -50.0% |
| Stocks and contracts in progress | 3 | €261,105 | €261,105 | = | 0.0% |
| Stocks | 30/36 | €261,105 | €261,105 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €8,548 | €6,007 | -€2,541 | -29.7% |
| Trade receivables | 40 | €8,470 | €5,929 | -€2,541 | -30.0% |
| Other amounts receivable | 41 | €78 | €78 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €29,821 | €19,574 | -€10,247 | -34.4% |
| Deferred charges and accrued income | 490/1 | €1,744 | - | -€1,744 | |
| Total equity and liabilities | 10/49 | €1,388,395 | €1,306,644 | -€81,751 | -5.9% |
| Equity | 10/15 | €208,750 | €196,246 | -€12,503 | -6.0% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €58,750 | €46,246 | -€12,503 | -21.3% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €56,890 | €44,387 | -€12,503 | -22.0% |
| Amounts payable | 17/49 | €1,179,645 | €1,110,398 | -€69,248 | -5.9% |
| Amounts payable after more than one year | 17 | €510,233 | €463,351 | -€46,882 | -9.2% |
| Financial debts | 170/4 | €510,233 | €463,351 | -€46,882 | -9.2% |
| Amounts payable within one year | 42/48 | €669,412 | €647,047 | -€22,366 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | €45,697 | €46,882 | +€1,184 | +2.6% |
| Trade debts | 44 | €6,580 | €2,878 | -€3,702 | -56.3% |
| Suppliers | 440/4 | €6,580 | €2,878 | -€3,702 | -56.3% |
| Taxes, remuneration and social security | 45 | €4,622 | €4,353 | -€269 | -5.8% |
| Taxes | 450/3 | €4,622 | €4,353 | -€269 | -5.8% |
| Other amounts payable | 47/48 | €612,513 | €592,934 | -€19,579 | -3.2% |
| Turnover | 70 | €97,550 | €61,600 | -€35,950 | -36.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €27,122 | €37,553 | +€10,430 | +38.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,629 | €60,022 | +€1,393 | +2.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€920 | -€920 | |
| Other operating charges | 640/8 | €4,179 | €4,284 | +€105 | +2.5% |
| Gross operating margin | 9900 | €96,092 | €66,550 | -€29,541 | -30.7% |
| Operating profit (loss) | 9901 | €33,283 | €3,165 | -€30,119 | -90.5% |
| Financial income | 75/76B | €14 | €4 | -€11 | -73.8% |
| Recurring financial income | 75 | €14 | €4 | -€11 | -73.8% |
| Financial charges | 65/66B | €15,481 | €15,672 | +€191 | +1.2% |
| Recurring financial charges | 65 | €15,481 | €15,672 | +€191 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €17,817 | -€12,503 | -€30,320 | |
| Profit (loss) for the period | 9904 | €17,817 | -€12,503 | -€30,320 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,817 | -€12,503 | -€30,320 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.