LORD: 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.
LORD
Largest movements
- Receivables within one year -€10,819
no longer reported in 2025 (was €10,819)
- Cash -€1,258
down €1,258 (-51.7%), from €2,434 to €1,176
mainly Other debts (-€14,784)
- Tangible fixed assets -€1,233
down €1,233 (-49.0%), from €2,517 to €1,284
- Other debts -€14,784
down €14,784 (-19.5%), from €75,815 to €61,031
- Profit (loss) carried forward +€1,314
up €1,314 (+1.9%), from -€69,776 to -€68,462
- Gross operating margin +€4,461
up €4,461, from -€1,325 to €3,136
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 | €24,639 | €11,169 | -€13,470 | -54.7% |
| Fixed assets | 21/28 | €2,896 | €1,503 | -€1,393 | -48.1% |
| Intangible fixed assets | 21 | €379 | €219 | -€160 | -42.2% |
| Tangible fixed assets | 22/27 | €2,517 | €1,284 | -€1,233 | -49.0% |
| Plant, machinery and equipment | 23 | €2,517 | €1,284 | -€1,233 | -49.0% |
| Current assets | 29/58 | €21,743 | €9,666 | -€12,077 | -55.5% |
| Stocks and contracts in progress | 3 | €8,490 | €8,490 | = | 0.0% |
| Stocks | 30/36 | €8,490 | €8,490 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,819 | - | -€10,819 | |
| Other amounts receivable | 41 | €10,819 | - | -€10,819 | |
| Cash at bank and in hand | 54/58 | €2,434 | €1,176 | -€1,258 | -51.7% |
| Total equity and liabilities | 10/49 | €24,639 | €11,169 | -€13,470 | -54.7% |
| Equity | 10/15 | -€51,176 | -€49,862 | +€1,314 | +2.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€69,776 | -€68,462 | +€1,314 | +1.9% |
| Amounts payable | 17/49 | €75,815 | €61,031 | -€14,784 | -19.5% |
| Amounts payable within one year | 42/48 | €75,815 | €61,031 | -€14,784 | -19.5% |
| Other amounts payable | 47/48 | €75,815 | €61,031 | -€14,784 | -19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,393 | €1,393 | = | 0.0% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | -€1,325 | €3,136 | +€4,461 | |
| Operating profit (loss) | 9901 | -€3,103 | €1,356 | +€4,458 | |
| Financial charges | 65/66B | €28 | €42 | +€13 | +47.6% |
| Recurring financial charges | 65 | €28 | €42 | +€13 | +47.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,131 | €1,314 | +€4,445 | |
| Profit (loss) for the period | 9904 | -€3,131 | €1,314 | +€4,445 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,131 | €1,314 | +€4,445 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.