LORDMAX: 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.
LORDMAX
Largest movements
- Cash +€34,923
up €34,923 (+91.9%), from €38,010 to €72,933
mainly Net result for the year (+€37,110) and Receivables within one year (+€16,306)
- Receivables within one year -€16,306
down €16,306 (-67.1%), from €24,296 to €7,990
of which Trade receivables: -€15,160
- Tangible fixed assets +€1,159
up €1,159 (+81.3%), from €1,426 to €2,585
- Profit (loss) carried forward +€16,110
up €16,110 (+131%), from €12,275 to €28,385
- Other debts +€2,950
up €2,950 (+7.4%), from €39,778 to €42,728
- Gross operating margin +€21,844
up €21,844 (+102%), from €21,423 to €43,267
- Taxes +€2,250
up €2,250 (+95.2%), from €2,363 to €4,613
- Depreciation +€652
up €652 (+103%), from €633 to €1,285
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 | €64,232 | €83,508 | +€19,276 | +30.0% |
| Fixed assets | 21/28 | €1,426 | €2,585 | +€1,159 | +81.3% |
| Tangible fixed assets | 22/27 | €1,426 | €2,585 | +€1,159 | +81.3% |
| Furniture and vehicles | 24 | €1,426 | €2,585 | +€1,159 | +81.3% |
| Current assets | 29/58 | €62,806 | €80,922 | +€18,117 | +28.8% |
| Amounts receivable within one year | 40/41 | €24,296 | €7,990 | -€16,306 | -67.1% |
| Trade receivables | 40 | €20,835 | €5,675 | -€15,160 | -72.8% |
| Other amounts receivable | 41 | €3,461 | €2,315 | -€1,146 | -33.1% |
| Cash at bank and in hand | 54/58 | €38,010 | €72,933 | +€34,923 | +91.9% |
| Deferred charges and accrued income | 490/1 | €499 | - | -€499 | |
| Total equity and liabilities | 10/49 | €64,232 | €83,508 | +€19,276 | +30.0% |
| Equity | 10/15 | €13,775 | €29,885 | +€16,110 | +117% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,275 | €28,385 | +€16,110 | +131% |
| Amounts payable | 17/49 | €50,457 | €53,623 | +€3,166 | +6.3% |
| Amounts payable within one year | 42/48 | €50,457 | €53,623 | +€3,166 | +6.3% |
| Trade debts | 44 | €6,170 | €5,982 | -€188 | -3.0% |
| Suppliers | 440/4 | €6,170 | €5,982 | -€188 | -3.0% |
| Taxes, remuneration and social security | 45 | €4,509 | €4,913 | +€404 | +9.0% |
| Taxes | 450/3 | €4,509 | €4,913 | +€404 | +9.0% |
| Other amounts payable | 47/48 | €39,778 | €42,728 | +€2,950 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €633 | €1,285 | +€652 | +103% |
| Other operating charges | 640/8 | - | €109 | +€109 | |
| Gross operating margin | 9900 | €21,423 | €43,267 | +€21,844 | +102% |
| Operating profit (loss) | 9901 | €20,790 | €41,873 | +€21,083 | +101% |
| Financial income | 75/76B | €15 | €5 | -€10 | -65.7% |
| Recurring financial income | 75 | €15 | €5 | -€10 | -65.7% |
| Financial charges | 65/66B | €138 | €156 | +€18 | +12.9% |
| Recurring financial charges | 65 | €138 | €156 | +€18 | +12.9% |
| Profit (loss) for the period before taxes | 9903 | €20,667 | €41,723 | +€21,055 | +102% |
| Income taxes | 67/77 | €2,363 | €4,613 | +€2,250 | +95.2% |
| Profit (loss) for the period | 9904 | €18,304 | €37,110 | +€18,806 | +103% |
| Profit (loss) for the period to be appropriated | 9905 | €18,304 | €37,110 | +€18,806 | +103% |
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.