LORCA: 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.
LORCA
Largest movements
- Tangible fixed assets -€62,041
down €62,041 (-11.1%), from €558,073 to €496,032
- Receivables within one year +€55,442
up €55,442 (+13.6%), from €406,337 to €461,779
of which Other amounts receivable: +€55,654
- Profit (loss) carried forward -€18,633
down €18,633 (-12.6%), from -€148,092 to -€166,724
- Other debts +€12,407
up €12,407 (+62.3%), from €19,917 to €32,324
- Gross operating margin +€12,009
up €12,009 (+31.1%), from €38,558 to €50,567
- Financial income +€3,587
new in 2025: €3,587
- Depreciation -€574
down €574 (-0.9%), from €62,616 to €62,041
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 | €968,183 | €961,716 | -€6,466 | -0.7% |
| Fixed assets | 21/28 | €559,073 | €497,032 | -€62,041 | -11.1% |
| Tangible fixed assets | 22/27 | €558,073 | €496,032 | -€62,041 | -11.1% |
| Land and buildings | 22 | €558,073 | €496,032 | -€62,041 | -11.1% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €409,110 | €464,685 | +€55,575 | +13.6% |
| Amounts receivable within one year | 40/41 | €406,337 | €461,779 | +€55,442 | +13.6% |
| Trade receivables | 40 | €212 | - | -€212 | |
| Other amounts receivable | 41 | €406,126 | €461,779 | +€55,654 | +13.7% |
| Cash at bank and in hand | 54/58 | €483 | €506 | +€22 | +4.6% |
| Deferred charges and accrued income | 490/1 | €2,289 | €2,400 | +€111 | +4.8% |
| Total equity and liabilities | 10/49 | €968,183 | €961,716 | -€6,466 | -0.7% |
| Equity | 10/15 | €947,102 | €928,469 | -€18,633 | -2.0% |
| Contributions | 10/11 | €1,084,286 | €1,084,286 | = | 0.0% |
| Capital | 10 | €1,084,286 | €1,084,286 | = | 0.0% |
| Issued capital | 100 | €1,084,286 | €1,084,286 | = | 0.0% |
| Reserves | 13 | €10,907 | €10,907 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,907 | €10,907 | = | 0.0% |
| Legal reserve | 130 | €10,907 | €10,907 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€148,092 | -€166,724 | -€18,633 | -12.6% |
| Amounts payable | 17/49 | €21,081 | €33,247 | +€12,166 | +57.7% |
| Amounts payable within one year | 42/48 | €21,081 | €33,232 | +€12,151 | +57.6% |
| Trade debts | 44 | €1,164 | €908 | -€256 | -22.0% |
| Suppliers | 440/4 | €1,164 | €908 | -€256 | -22.0% |
| Other amounts payable | 47/48 | €19,917 | €32,324 | +€12,407 | +62.3% |
| Accrued charges and deferred income | 492/3 | - | €16 | +€16 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,616 | €62,041 | -€574 | -0.9% |
| Other operating charges | 640/8 | €9,882 | €10,374 | +€492 | +5.0% |
| Gross operating margin | 9900 | €38,558 | €50,567 | +€12,009 | +31.1% |
| Operating profit (loss) | 9901 | -€33,940 | -€21,848 | +€12,092 | +35.6% |
| Financial income | 75/76B | - | €3,587 | +€3,587 | |
| Recurring financial income | 75 | - | €3,587 | +€3,587 | |
| Financial charges | 65/66B | €92 | €372 | +€280 | +303.0% |
| Recurring financial charges | 65 | €92 | €372 | +€280 | +303.0% |
| Profit (loss) for the period before taxes | 9903 | -€34,032 | -€18,633 | +€15,400 | +45.2% |
| Profit (loss) for the period | 9904 | -€34,032 | -€18,633 | +€15,400 | +45.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,032 | -€18,633 | +€15,400 | +45.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.