LORDIA: 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.
LORDIA
Largest movements
- Receivables within one year -€69,446
down €69,446 (-35.3%), from €196,750 to €127,304
of which Trade receivables: -€86,438
- Tangible fixed assets -€27,740
no longer reported in 2025 (was €27,740)
- Cash -€3,851
down €3,851 (-33.1%), from €11,637 to €7,786
mainly Trade debts (-€125,873) and Current portion of long-term debt (-€18,504)
- Trade debts -€125,873
down €125,873 (-83.8%), from €150,249 to €24,376
- Other debts +€51,272
up €51,272 (+134%), from €38,150 to €89,422
- Current portion of long-term debt -€18,504
down €18,504 (-91.0%), from €20,327 to €1,823
- Profit (loss) carried forward -€5,006
down €5,006 (-249%), from -€2,011 to -€7,018
- Gross operating margin -€36,311
down €36,311 (-38.3%), from €94,909 to €58,598
- Depreciation -€19,963
down €19,963 (-97.2%), from €20,537 to €574
- Staff costs +€4,359
up €4,359 (+7.5%), from €58,456 to €62,815
- Financial income +€4,127
up €4,127 (+20,635,200%), from €0 to €4,127
- Other operating charges -€2,063
down €2,063 (-41.8%), from €4,932 to €2,868
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 | €239,234 | €138,516 | -€100,718 | -42.1% |
| Fixed assets | 21/28 | €28,500 | €760 | -€27,740 | -97.3% |
| Tangible fixed assets | 22/27 | €27,740 | - | -€27,740 | |
| Plant, machinery and equipment | 23 | €27,740 | - | -€27,740 | |
| Financial fixed assets | 28 | €760 | €760 | = | 0.0% |
| Current assets | 29/58 | €210,734 | €137,756 | -€72,978 | -34.6% |
| Amounts receivable within one year | 40/41 | €196,750 | €127,304 | -€69,446 | -35.3% |
| Trade receivables | 40 | €196,157 | €109,719 | -€86,438 | -44.1% |
| Other amounts receivable | 41 | €593 | €17,585 | +€16,992 | +2,867% |
| Cash at bank and in hand | 54/58 | €11,637 | €7,786 | -€3,851 | -33.1% |
| Deferred charges and accrued income | 490/1 | €2,346 | €2,666 | +€319 | +13.6% |
| Total equity and liabilities | 10/49 | €239,234 | €138,516 | -€100,718 | -42.1% |
| Equity | 10/15 | €26,049 | €21,042 | -€5,006 | -19.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €21,860 | €21,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,011 | -€7,018 | -€5,006 | -249% |
| Amounts payable | 17/49 | €213,185 | €117,474 | -€95,711 | -44.9% |
| Amounts payable after more than one year | 17 | €1,823 | - | -€1,823 | |
| Financial debts | 170/4 | €1,823 | - | -€1,823 | |
| Amounts payable within one year | 42/48 | €211,362 | €117,474 | -€93,888 | -44.4% |
| Current portion of amounts payable after more than one year | 42 | €20,327 | €1,823 | -€18,504 | -91.0% |
| Trade debts | 44 | €150,249 | €24,376 | -€125,873 | -83.8% |
| Suppliers | 440/4 | €150,249 | €24,376 | -€125,873 | -83.8% |
| Taxes, remuneration and social security | 45 | €2,637 | €1,853 | -€784 | -29.7% |
| Remuneration and social security | 454/9 | €2,637 | €1,853 | -€784 | -29.7% |
| Other amounts payable | 47/48 | €38,150 | €89,422 | +€51,272 | +134% |
| Remuneration, social security and pensions | 62 | €58,456 | €62,815 | +€4,359 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,537 | €574 | -€19,963 | -97.2% |
| Other operating charges | 640/8 | €4,932 | €2,868 | -€2,063 | -41.8% |
| Gross operating margin | 9900 | €94,909 | €58,598 | -€36,311 | -38.3% |
| Operating profit (loss) | 9901 | €10,984 | -€7,658 | -€18,643 | |
| Financial income | 75/76B | €0 | €4,127 | +€4,127 | +20,635,200% |
| Recurring financial income | 75 | €0 | €4,127 | +€4,127 | +20,635,200% |
| Financial charges | 65/66B | €1,750 | €1,475 | -€275 | -15.7% |
| Recurring financial charges | 65 | €1,750 | €1,475 | -€275 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €9,235 | -€5,006 | -€14,241 | |
| Profit (loss) for the period | 9904 | €9,235 | -€5,006 | -€14,241 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,235 | -€5,006 | -€14,241 |
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 15 October 2026 via checked.be.