LORAS: 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.
LORAS
Largest movements
- Cash +€12,419
up €12,419 (+52.1%), from €23,845 to €36,264
mainly Net result for the year (+€6,803) and Depreciation (+€5,763)
- Tangible fixed assets -€5,763
down €5,763 (-40.2%), from €14,334 to €8,571
of which Furniture and vehicles: -€4,544
- Receivables within one year -€4,685
down €4,685 (-44.6%), from €10,501 to €5,816
of which Trade receivables: -€3,472
- Stocks and contracts +€3,344
new in 2025: €3,344
- Other debts +€5,000
new in 2025: €5,000
- Trade debts -€3,062
down €3,062 (-52.9%), from €5,792 to €2,730
- Profit (loss) carried forward +€1,803
up €1,803 (+12.3%), from €14,698 to €16,501
- Tax, wage and social debts +€1,732
up €1,732 (+313.8%), from €552 to €2,284
- Gross operating margin -€8,990
down €8,990 (-36.1%), from €24,926 to €15,936
- Taxes +€1,759
up €1,759 (+335.0%), from €525 to €2,284
- Depreciation +€1,291
up €1,291 (+28.9%), from €4,472 to €5,763
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 | €50,597 | €56,015 | +€5,418 | +10.7% |
| Fixed assets | 21/28 | €14,384 | €8,621 | -€5,763 | -40.1% |
| Tangible fixed assets | 22/27 | €14,334 | €8,571 | -€5,763 | -40.2% |
| Plant, machinery and equipment | 23 | €5,005 | €3,786 | -€1,219 | -24.4% |
| Furniture and vehicles | 24 | €9,329 | €4,785 | -€4,544 | -48.7% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €36,213 | €47,394 | +€11,181 | +30.9% |
| Stocks and contracts in progress | 3 | - | €3,344 | +€3,344 | |
| Stocks | 30/36 | - | €3,344 | +€3,344 | |
| Amounts receivable within one year | 40/41 | €10,501 | €5,816 | -€4,685 | -44.6% |
| Trade receivables | 40 | €8,457 | €4,985 | -€3,472 | -41.1% |
| Other amounts receivable | 41 | €2,044 | €831 | -€1,213 | -59.3% |
| Cash at bank and in hand | 54/58 | €23,845 | €36,264 | +€12,419 | +52.1% |
| Deferred charges and accrued income | 490/1 | €1,867 | €1,970 | +€103 | +5.5% |
| Total equity and liabilities | 10/49 | €50,597 | €56,015 | +€5,418 | +10.7% |
| Equity | 10/15 | €44,198 | €46,001 | +€1,803 | +4.1% |
| Contributions | 10/11 | €29,500 | €29,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,698 | €16,501 | +€1,803 | +12.3% |
| Amounts payable | 17/49 | €6,399 | €10,014 | +€3,615 | +56.5% |
| Amounts payable within one year | 42/48 | €6,344 | €10,014 | +€3,670 | +57.8% |
| Trade debts | 44 | €5,792 | €2,730 | -€3,062 | -52.9% |
| Suppliers | 440/4 | €5,792 | €2,730 | -€3,062 | -52.9% |
| Taxes, remuneration and social security | 45 | €552 | €2,284 | +€1,732 | +313.8% |
| Taxes | 450/3 | €552 | €2,284 | +€1,732 | +313.8% |
| Other amounts payable | 47/48 | - | €5,000 | +€5,000 | |
| Accrued charges and deferred income | 492/3 | €55 | - | -€55 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,472 | €5,763 | +€1,291 | +28.9% |
| Other operating charges | 640/8 | €841 | €994 | +€153 | +18.2% |
| Gross operating margin | 9900 | €24,926 | €15,936 | -€8,990 | -36.1% |
| Operating profit (loss) | 9901 | €19,613 | €9,179 | -€10,434 | -53.2% |
| Financial income | 75/76B | €102 | €38 | -€64 | -62.7% |
| Recurring financial income | 75 | €102 | €38 | -€64 | -62.7% |
| Financial charges | 65/66B | €83 | €130 | +€47 | +56.6% |
| Recurring financial charges | 65 | €83 | €130 | +€47 | +56.6% |
| Profit (loss) for the period before taxes | 9903 | €19,632 | €9,087 | -€10,545 | -53.7% |
| Income taxes | 67/77 | €525 | €2,284 | +€1,759 | +335.0% |
| Profit (loss) for the period | 9904 | €19,107 | €6,803 | -€12,304 | -64.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,107 | €6,803 | -€12,304 | -64.4% |
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 6 October 2026 via checked.be.