LORATEX: 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.
LORATEX
Largest movements
- Cash +€222,434
up €222,434 (+408%), from €54,452 to €276,886
mainly Net result for the year (+€162,397) and Trade debts (+€93,593)
- Receivables within one year -€79,454
down €79,454 (-29.4%), from €270,627 to €191,173
of which Other amounts receivable: -€120,389
- Tangible fixed assets +€65,802
up €65,802 (+91.8%), from €71,673 to €137,474
of which Furniture and vehicles: +€39,467
- Stocks and contracts -€8,526
down €8,526 (-12.8%), from €66,527 to €58,001
- Trade debts +€93,593
up €93,593 (+95.4%), from €98,097 to €191,690
- Reserves +€42,397
up €42,397 (+32.1%), from €132,117 to €174,513
of which Distributable reserves: +€42,397
- Debts after one year +€42,242
up €42,242 (+1,998%), from €2,114 to €44,355
- Tax, wage and social debts +€24,153
up €24,153 (+92.2%), from €26,201 to €50,354
of which Remuneration and social security: +€21,372
- Short-term financial debts -€11,594
down €11,594 (-18.8%), from €61,594 to €50,000
- Gross operating margin +€233,856
up €233,856 (+67.7%), from €345,549 to €579,405
- Staff costs +€118,132
up €118,132 (+52.0%), from €227,322 to €345,454
- Taxes +€28,463
up €28,463 (+133%), from €21,451 to €49,913
- Write-downs -€23,828
new in 2025: -€23,828
- Depreciation +€11,311
up €11,311 (+51.4%), from €21,991 to €33,301
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 | €474,117 | €682,991 | +€208,874 | +44.1% |
| Fixed assets | 21/28 | €80,994 | €149,935 | +€68,941 | +85.1% |
| Intangible fixed assets | 21 | €4,821 | €7,960 | +€3,139 | +65.1% |
| Tangible fixed assets | 22/27 | €71,673 | €137,474 | +€65,802 | +91.8% |
| Plant, machinery and equipment | 23 | €10,050 | €12,316 | +€2,265 | +22.5% |
| Furniture and vehicles | 24 | €35,106 | €74,574 | +€39,467 | +112% |
| Other tangible fixed assets | 26 | €26,516 | €50,585 | +€24,069 | +90.8% |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €393,123 | €533,056 | +€139,933 | +35.6% |
| Stocks and contracts in progress | 3 | €66,527 | €58,001 | -€8,526 | -12.8% |
| Stocks | 30/36 | €66,527 | €58,001 | -€8,526 | -12.8% |
| Amounts receivable within one year | 40/41 | €270,627 | €191,173 | -€79,454 | -29.4% |
| Trade receivables | 40 | €93,756 | €134,691 | +€40,935 | +43.7% |
| Other amounts receivable | 41 | €176,871 | €56,482 | -€120,389 | -68.1% |
| Cash at bank and in hand | 54/58 | €54,452 | €276,886 | +€222,434 | +408% |
| Deferred charges and accrued income | 490/1 | €1,518 | €6,997 | +€5,479 | +361% |
| Total equity and liabilities | 10/49 | €474,117 | €682,991 | +€208,874 | +44.1% |
| Equity | 10/15 | €150,717 | €193,113 | +€42,397 | +28.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €132,117 | €174,513 | +€42,397 | +32.1% |
| Tax-exempt reserves | 132 | €38,750 | €38,750 | = | 0.0% |
| Distributable reserves | 133 | €93,367 | €135,763 | +€42,397 | +45.4% |
| Amounts payable | 17/49 | €323,400 | €489,877 | +€166,477 | +51.5% |
| Amounts payable after more than one year | 17 | €2,114 | €44,355 | +€42,242 | +1,998% |
| Financial debts | 170/4 | €2,114 | €44,355 | +€42,242 | +1,998% |
| Amounts payable within one year | 42/48 | €318,286 | €442,522 | +€124,236 | +39.0% |
| Current portion of amounts payable after more than one year | 42 | €12,394 | €23,845 | +€11,451 | +92.4% |
| Financial debts | 43 | €61,594 | €50,000 | -€11,594 | -18.8% |
| Credit institutions | 430/8 | €61,594 | €50,000 | -€11,594 | -18.8% |
| Trade debts | 44 | €98,097 | €191,690 | +€93,593 | +95.4% |
| Suppliers | 440/4 | €98,097 | €191,690 | +€93,593 | +95.4% |
| Taxes, remuneration and social security | 45 | €26,201 | €50,354 | +€24,153 | +92.2% |
| Taxes | 450/3 | €5,126 | €7,907 | +€2,781 | +54.3% |
| Remuneration and social security | 454/9 | €21,075 | €42,447 | +€21,372 | +101% |
| Other amounts payable | 47/48 | €120,000 | €126,633 | +€6,633 | +5.5% |
| Accrued charges and deferred income | 492/3 | €3,000 | €3,000 | = | 0.0% |
| Non-recurring operating income | 76A | - | €24,000 | +€24,000 | |
| Remuneration, social security and pensions | 62 | €227,322 | €345,454 | +€118,132 | +52.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,991 | €33,301 | +€11,311 | +51.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€23,828 | -€23,828 | |
| Other operating charges | 640/8 | €8,103 | €5,179 | -€2,924 | -36.1% |
| Gross operating margin | 9900 | €345,549 | €579,405 | +€233,856 | +67.7% |
| Operating profit (loss) | 9901 | €88,133 | €219,300 | +€131,166 | +149% |
| Financial income | 75/76B | €277 | - | -€277 | |
| Recurring financial income | 75 | €277 | - | -€277 | |
| Financial charges | 65/66B | €6,559 | €6,990 | +€430 | +6.6% |
| Recurring financial charges | 65 | €6,559 | €6,990 | +€430 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | €81,851 | €212,310 | +€130,459 | +159% |
| Income taxes | 67/77 | €21,451 | €49,913 | +€28,463 | +133% |
| Profit (loss) for the period | 9904 | €60,400 | €162,397 | +€101,996 | +169% |
| Profit (loss) for the period to be appropriated | 9905 | €60,400 | €162,397 | +€101,996 | +169% |
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 14 October 2026 via checked.be.