LORE CARS: what changed
What changed
LORE CARS
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
filed annual accounts (NBB)
Net result for the year
-€4,734
2024 · -€10,389+€5,655
Equity
€447,827
2024 · €452,561-€4,734
Cash
€77,186
2024 · €45,200+€31,986
Balance sheet total
€610,234
2024 · €579,775+€30,459
Largest movements
Assets
- Financial fixed assets +€34,559
new in 2025: €34,559
- Cash +€31,986
up €31,986 (+70.8%), from €45,200 to €77,186
mainly Other debts (+€36,781) and Stocks and contracts (+€29,770)
- Stocks and contracts -€29,770
down €29,770 (-11.6%), from €257,303 to €227,533
Equity and liabilities
- Other debts +€36,781
up €36,781 (+80.0%), from €46,004 to €82,785
- Debts after one year -€11,556
down €11,556 (-100%), from €11,556 to €0
- Trade debts +€10,462
up €10,462 (+165%), from €6,342 to €16,804
Income statement
- Taxes -€5,907
down €5,907 (-82.7%), from €7,142 to €1,235
- Gross operating margin +€3,707
up €3,707 (+16.7%), from €22,186 to €25,893
- Depreciation +€1,908
up €1,908 (+8.8%), from €21,750 to €23,659
- Other operating charges +€687
up €687 (+15.1%), from €4,561 to €5,249
- Financial charges -€332
down €332 (-23.7%), from €1,399 to €1,068
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€10,389
Gross operating margin
+€3,707
Depreciation
-€1,908
Other operating charges
-€687
Other operating items
-€1,677
Financial income
-€18
Financial charges
+€332
Taxes
+€5,907
Result 2025
-€4,734
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€98,036
Investment
-€54,871
Financing
-€11,179
Cash 2024
€45,200
From operations (derived)
+€98,036
Net result for the year
-€4,734
Depreciation
+€23,659
Stocks and contracts
+€29,770
Receivables within one year
+€4,775
Deferred charges and accrued income
-€1,806
Provisions
-€2,235
Trade debts
+€10,462
Tax, wage and social debts
+€1,363
Other debts
+€36,781
Accrued charges and deferred income
+€0
Investment (derived)
-€54,871
Investment in fixed assets (net)
-€54,871
Financing
-€11,179
Debts after one year
-€11,556
Current portion of long-term debt
+€377
Cash 2025
€77,186
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €579,775 | €610,234 | +€30,459 | +5.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €247,867 | €279,079 | +€31,212 | +12.6% |
| Tangible fixed assets | 22/27 | €247,867 | €244,520 | -€3,347 | -1.4% |
| Land and buildings | 22 | €229,256 | €227,911 | -€1,345 | -0.6% |
| Plant, machinery and equipment | 23 | €5,938 | €5,470 | -€468 | -7.9% |
| Furniture and vehicles | 24 | €12,673 | €11,140 | -€1,534 | -12.1% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | - | €34,559 | +€34,559 | |
| Current assets | 29/58 | €331,908 | €331,155 | -€753 | -0.2% |
| Stocks and contracts in progress | 3 | €257,303 | €227,533 | -€29,770 | -11.6% |
| Stocks | 30/36 | €257,303 | €227,533 | -€29,770 | -11.6% |
| Amounts receivable within one year | 40/41 | €28,115 | €23,340 | -€4,775 | -17.0% |
| Trade receivables | 40 | €4,991 | €217 | -€4,775 | -95.7% |
| Other amounts receivable | 41 | €23,124 | €23,124 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €45,200 | €77,186 | +€31,986 | +70.8% |
| Deferred charges and accrued income | 490/1 | €1,290 | €3,096 | +€1,806 | +140% |
| Total equity and liabilities | 10/49 | €579,775 | €610,234 | +€30,459 | +5.3% |
| Equity | 10/15 | €452,561 | €447,827 | -€4,734 | -1.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €362,607 | €357,441 | -€5,166 | -1.4% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €360,607 | €355,441 | -€5,166 | -1.4% |
| Profit (loss) carried forward | 14 | €69,955 | €70,386 | +€432 | +0.6% |
| Provisions and deferred taxes | 16 | €48,031 | €45,796 | -€2,235 | -4.7% |
| Deferred taxes | 168 | €48,031 | €45,796 | -€2,235 | -4.7% |
| Amounts payable | 17/49 | €79,183 | €116,610 | +€37,427 | +47.3% |
| Amounts payable after more than one year | 17 | €11,556 | €0 | -€11,556 | -100% |
| Financial debts | 170/4 | €11,556 | €0 | -€11,556 | -100% |
| Amounts payable within one year | 42/48 | €67,602 | €116,585 | +€48,983 | +72.5% |
| Current portion of amounts payable after more than one year | 42 | €11,179 | €11,556 | +€377 | +3.4% |
| Trade debts | 44 | €6,342 | €16,804 | +€10,462 | +165% |
| Suppliers | 440/4 | €6,342 | €16,804 | +€10,462 | +165% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €4,077 | €5,440 | +€1,363 | +33.4% |
| Taxes | 450/3 | €4,077 | €5,440 | +€1,363 | +33.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €46,004 | €82,785 | +€36,781 | +80.0% |
| Accrued charges and deferred income | 492/3 | €25 | €25 | +€0 | +0.3% |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,750 | €23,659 | +€1,908 | +8.8% |
| Other operating charges | 640/8 | €4,561 | €5,249 | +€687 | +15.1% |
| Non-recurring operating charges | 66A | - | €1,677 | +€1,677 | |
| Gross operating margin | 9900 | €22,186 | €25,893 | +€3,707 | +16.7% |
| Operating profit (loss) | 9901 | -€4,126 | -€4,692 | -€566 | -13.7% |
| Financial income | 75/76B | €44 | €26 | -€18 | -41.3% |
| Recurring financial income | 75 | €44 | €26 | -€18 | -41.3% |
| Financial charges | 65/66B | €1,399 | €1,068 | -€332 | -23.7% |
| Recurring financial charges | 65 | €1,399 | €1,068 | -€332 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | -€5,481 | -€5,733 | -€252 | -4.6% |
| Transfer from deferred taxes | 780 | €2,235 | €2,235 | = | 0.0% |
| Income taxes | 67/77 | €7,142 | €1,235 | -€5,907 | -82.7% |
| Profit (loss) for the period | 9904 | -€10,389 | -€4,734 | +€5,655 | +54.4% |
| Transfer from tax-exempt reserves | 789 | €5,166 | €5,166 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,223 | €432 | +€5,655 |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.