LORE WAUTERS: 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.
LORE WAUTERS
Largest movements
- Receivables after one year +€50,000
new in 2025: €50,000
- Current investments -€15,000
no longer reported in 2025 (was €15,000)
- Cash +€8,796
up €8,796 (+70.7%), from €12,449 to €21,245
mainly Net result for the year (+€47,614) and Current investments (+€15,000)
- Receivables within one year +€1,335
up €1,335 (+3.3%), from €40,343 to €41,678
of which Other amounts receivable: +€2,236
- Profit (loss) carried forward +€47,614
up €47,614 (+105%), from €45,441 to €93,056
- Tax, wage and social debts -€1,735
down €1,735 (-8.9%), from €19,535 to €17,800
- Gross operating margin +€2,286
up €2,286 (+3.9%), from €57,970 to €60,257
- Financial income +€839
new in 2025: €839
- Taxes +€720
up €720 (+5.9%), from €12,143 to €12,864
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 | €69,558 | €114,952 | +€45,394 | +65.3% |
| Fixed assets | 21/28 | €810 | €685 | -€125 | -15.4% |
| Tangible fixed assets | 22/27 | €810 | €435 | -€375 | -46.3% |
| Plant, machinery and equipment | 23 | €810 | €435 | -€375 | -46.3% |
| Financial fixed assets | 28 | - | €250 | +€250 | |
| Current assets | 29/58 | €68,748 | €114,267 | +€45,519 | +66.2% |
| Amounts receivable after more than one year | 29 | - | €50,000 | +€50,000 | |
| Other amounts receivable | 291 | - | €50,000 | +€50,000 | |
| Amounts receivable within one year | 40/41 | €40,343 | €41,678 | +€1,335 | +3.3% |
| Trade receivables | 40 | €39,495 | €38,594 | -€901 | -2.3% |
| Other amounts receivable | 41 | €848 | €3,084 | +€2,236 | +264% |
| Current investments | 50/53 | €15,000 | - | -€15,000 | |
| Cash at bank and in hand | 54/58 | €12,449 | €21,245 | +€8,796 | +70.7% |
| Deferred charges and accrued income | 490/1 | €957 | €1,345 | +€388 | +40.5% |
| Total equity and liabilities | 10/49 | €69,558 | €114,952 | +€45,394 | +65.3% |
| Equity | 10/15 | €47,441 | €95,056 | +€47,614 | +100% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,441 | €93,056 | +€47,614 | +105% |
| Amounts payable | 17/49 | €22,117 | €19,897 | -€2,220 | -10.0% |
| Amounts payable within one year | 42/48 | €22,117 | €19,897 | -€2,220 | -10.0% |
| Trade debts | 44 | €2,582 | €2,097 | -€486 | -18.8% |
| Suppliers | 440/4 | €2,582 | €2,097 | -€486 | -18.8% |
| Taxes, remuneration and social security | 45 | €19,535 | €17,800 | -€1,735 | -8.9% |
| Taxes | 450/3 | €19,535 | €17,800 | -€1,735 | -8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €314 | €375 | +€61 | +19.3% |
| Other operating charges | 640/8 | - | €166 | +€166 | |
| Gross operating margin | 9900 | €57,970 | €60,257 | +€2,286 | +3.9% |
| Operating profit (loss) | 9901 | €57,656 | €59,716 | +€2,060 | +3.6% |
| Financial income | 75/76B | - | €839 | +€839 | |
| Recurring financial income | 75 | - | €839 | +€839 | |
| Financial charges | 65/66B | €72 | €77 | +€5 | +7.0% |
| Recurring financial charges | 65 | €72 | €77 | +€5 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | €57,584 | €60,478 | +€2,894 | +5.0% |
| Income taxes | 67/77 | €12,143 | €12,864 | +€720 | +5.9% |
| Profit (loss) for the period | 9904 | €45,441 | €47,614 | +€2,173 | +4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €45,441 | €47,614 | +€2,173 | +4.8% |
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 24 October 2026 via checked.be.