LorCo Invest: 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.
What changed
LorCo Invest
NACE 68.321, Property management for co-owned buildings (syndics)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€858
2024 · €3,816-€2,957
Equity
€312,058
2024 · €311,200+€858
Cash
-
2024 · €0
Balance sheet total
€668,493
2024 · €740,355-€71,862
Largest movements
Assets
- Receivables after one year -€63,895
down €63,895 (-59.4%), from €107,563 to €43,668
Equity and liabilities
- Debts after one year -€52,602
down €52,602 (-17.4%), from €302,750 to €250,147
of which Financial debts: -€52,602
- Trade debts -€21,977
down €21,977 (-90.1%), from €24,380 to €2,402
- Other debts +€21,174
up €21,174 (+651%), from €3,250 to €24,424
- Short-term financial debts -€15,190
down €15,190 (-75.6%), from €20,082 to €4,892
Income statement
- Depreciation +€8,419
up €8,419 (+43.9%), from €19,174 to €27,593
- Gross operating margin -€7,892
down €7,892 (-14.4%), from €54,861 to €46,969
- Financial charges -€3,708
down €3,708 (-18.1%), from €20,447 to €16,739
- Other operating charges -€1,332
down €1,332 (-28.0%), from €4,755 to €3,423
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.
Result 2024
€3,816
Gross operating margin
-€7,892
Depreciation
-€8,419
Other operating charges
+€1,332
Other operating items
+€8,394
Financial income
-€139
Financial charges
+€3,708
Taxes
+€58
Result 2025
€858
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€93,925
Investment
-€21,598
Financing
-€72,327
Cash 2024
€0
From operations (derived)
+€93,925
Net result for the year
+€858
Depreciation
+€27,593
Receivables after one year
+€63,895
Receivables within one year
+€4,252
Deferred charges and accrued income
-€2,281
Trade debts
-€21,977
Tax, wage and social debts
+€1,387
Other debts
+€21,174
Accrued charges and deferred income
-€976
Investment (derived)
-€21,598
Investment in fixed assets (net)
-€21,598
Financing
-€72,327
Debts after one year
-€52,602
Current portion of long-term debt
-€4,535
Short-term financial debts
-€15,190
Cash 2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €740,355 | €668,493 | -€71,862 | -9.7% |
| Fixed assets | 21/28 | €593,700 | €587,704 | -€5,995 | -1.0% |
| Tangible fixed assets | 22/27 | €593,700 | €587,704 | -€5,995 | -1.0% |
| Land and buildings | 22 | €552,075 | €553,971 | +€1,896 | +0.3% |
| Plant, machinery and equipment | 23 | €890 | €1,199 | +€309 | +34.7% |
| Furniture and vehicles | 24 | €40,735 | €32,534 | -€8,201 | -20.1% |
| Current assets | 29/58 | €146,655 | €80,789 | -€65,866 | -44.9% |
| Amounts receivable after more than one year | 29 | €107,563 | €43,668 | -€63,895 | -59.4% |
| Other amounts receivable | 291 | €107,563 | €43,668 | -€63,895 | -59.4% |
| Amounts receivable within one year | 40/41 | €18,029 | €13,776 | -€4,252 | -23.6% |
| Trade receivables | 40 | €11,861 | €9,127 | -€2,734 | -23.1% |
| Other amounts receivable | 41 | €6,168 | €4,650 | -€1,518 | -24.6% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €21,063 | €23,344 | +€2,281 | +10.8% |
| Total equity and liabilities | 10/49 | €740,355 | €668,493 | -€71,862 | -9.7% |
| Equity | 10/15 | €311,200 | €312,058 | +€858 | +0.3% |
| Contributions | 10/11 | €43,200 | €43,200 | = | 0.0% |
| Revaluation surpluses | 12 | €255,008 | €255,008 | = | 0.0% |
| Reserves | 13 | €133 | €133 | = | 0.0% |
| Non-distributable reserves | 130/1 | €133 | €133 | = | 0.0% |
| Reserves not available under the articles | 1311 | €133 | €133 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,859 | €13,718 | +€858 | +6.7% |
| Amounts payable | 17/49 | €429,155 | €356,435 | -€72,720 | -16.9% |
| Amounts payable after more than one year | 17 | €302,750 | €250,147 | -€52,602 | -17.4% |
| Financial debts | 170/4 | €302,540 | €249,937 | -€52,602 | -17.4% |
| Other amounts payable | 178/9 | €210 | €210 | = | 0.0% |
| Amounts payable within one year | 42/48 | €125,429 | €106,288 | -€19,141 | -15.3% |
| Current portion of amounts payable after more than one year | 42 | €77,409 | €72,874 | -€4,535 | -5.9% |
| Financial debts | 43 | €20,082 | €4,892 | -€15,190 | -75.6% |
| Credit institutions | 430/8 | €20,082 | €4,892 | -€15,190 | -75.6% |
| Trade debts | 44 | €24,380 | €2,402 | -€21,977 | -90.1% |
| Suppliers | 440/4 | €24,380 | €2,402 | -€21,977 | -90.1% |
| Taxes, remuneration and social security | 45 | €308 | €1,695 | +€1,387 | +450% |
| Taxes | 450/3 | €308 | €1,695 | +€1,387 | +450% |
| Other amounts payable | 47/48 | €3,250 | €24,424 | +€21,174 | +651% |
| Accrued charges and deferred income | 492/3 | €976 | €0 | -€976 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,174 | €27,593 | +€8,419 | +43.9% |
| Other operating charges | 640/8 | €4,755 | €3,423 | -€1,332 | -28.0% |
| Non-recurring operating charges | 66A | €8,394 | €0 | -€8,394 | -100% |
| Gross operating margin | 9900 | €54,861 | €46,969 | -€7,892 | -14.4% |
| Operating profit (loss) | 9901 | €22,537 | €15,952 | -€6,585 | -29.2% |
| Financial income | 75/76B | €1,929 | €1,790 | -€139 | -7.2% |
| Recurring financial income | 75 | €1,929 | €1,790 | -€139 | -7.2% |
| Financial charges | 65/66B | €20,447 | €16,739 | -€3,708 | -18.1% |
| Recurring financial charges | 65 | €20,447 | €16,739 | -€3,708 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | €4,020 | €1,004 | -€3,016 | -75.0% |
| Income taxes | 67/77 | €204 | €146 | -€58 | -28.6% |
| Profit (loss) for the period | 9904 | €3,816 | €858 | -€2,957 | -77.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,816 | €858 | -€2,957 | -77.5% |
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 26 October 2026 via checked.be.