LOREBOIS: what changed
Two fiscal 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.
LOREBOIS
Largest movements
- Receivables within one year -€108,028
down €108,028 (-72.3%), from €149,402 to €41,375
of which Other amounts receivable: -€75,631
- Cash -€28,007
down €28,007 (-23.9%), from €117,194 to €89,186
mainly Contributions, distributions and other (-€140,948) and Net result for the year (-€8,071)
- Stocks and contracts -€12,100
down €12,100 (-58.0%), from €20,850 to €8,750
- Contributions -€124,500
down €124,500 (-66.9%), from €186,000 to €61,500
- Reserves -€24,518
down €24,518 (-24.1%), from €101,890 to €77,372
of which Distributable reserves: -€24,518
- Depreciation -€8,127
down €8,127 (-80.6%), from €10,078 to €1,952
- Gross operating margin -€7,555
down €7,555, from €4,276 to -€3,279
- Financial income -€1,794
down €1,794 (-100.0%), from €1,794 to €0
- Financial charges +€1,773
up €1,773 (+4541.3%), from €39 to €1,812
- Other operating charges -€602
down €602 (-36.9%), from €1,630 to €1,028
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 | €290,887 | €140,527 | -€150,360 | -51.7% |
| Fixed assets | 21/28 | €2,120 | €0 | -€2,120 | -100.0% |
| Tangible fixed assets | 22/27 | €2,120 | €0 | -€2,120 | -100.0% |
| Furniture and vehicles | 24 | €168 | €0 | -€168 | -100.0% |
| Other tangible fixed assets | 26 | €1,952 | €0 | -€1,952 | -100.0% |
| Current assets | 29/58 | €288,767 | €140,527 | -€148,240 | -51.3% |
| Stocks and contracts in progress | 3 | €20,850 | €8,750 | -€12,100 | -58.0% |
| Stocks | 30/36 | €20,850 | €8,750 | -€12,100 | -58.0% |
| Amounts receivable within one year | 40/41 | €149,402 | €41,375 | -€108,028 | -72.3% |
| Trade receivables | 40 | €71,551 | €39,154 | -€32,396 | -45.3% |
| Other amounts receivable | 41 | €77,852 | €2,220 | -€75,631 | -97.1% |
| Cash at bank and in hand | 54/58 | €117,194 | €89,186 | -€28,007 | -23.9% |
| Deferred charges and accrued income | 490/1 | €1,321 | €1,216 | -€105 | -8.0% |
| Total equity and liabilities | 10/49 | €290,887 | €140,527 | -€150,360 | -51.7% |
| Equity | 10/15 | €287,890 | €138,872 | -€149,018 | -51.8% |
| Contributions | 10/11 | €186,000 | €61,500 | -€124,500 | -66.9% |
| Capital | 10 | €186,000 | €61,500 | -€124,500 | -66.9% |
| Issued capital | 100 | €186,000 | €61,500 | -€124,500 | -66.9% |
| Reserves | 13 | €101,890 | €77,372 | -€24,518 | -24.1% |
| Non-distributable reserves | 130/1 | €18,600 | €18,600 | = | 0.0% |
| Legal reserve | 130 | €18,600 | €18,600 | = | 0.0% |
| Distributable reserves | 133 | €83,290 | €58,772 | -€24,518 | -29.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €2,997 | €1,655 | -€1,342 | -44.8% |
| Amounts payable after more than one year | 17 | €34 | €34 | = | 0.0% |
| Other amounts payable | 178/9 | €34 | €34 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,962 | €1,621 | -€1,342 | -45.3% |
| Trade debts | 44 | €2,962 | €1,621 | -€1,342 | -45.3% |
| Suppliers | 440/4 | €2,962 | €1,621 | -€1,342 | -45.3% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | €23,220 | +€23,220 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,078 | €1,952 | -€8,127 | -80.6% |
| Other operating charges | 640/8 | €1,630 | €1,028 | -€602 | -36.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €4,276 | -€3,279 | -€7,555 | |
| Operating profit (loss) | 9901 | -€7,432 | -€6,258 | +€1,174 | +15.8% |
| Financial income | 75/76B | €1,794 | €0 | -€1,794 | -100.0% |
| Recurring financial income | 75 | €1,794 | €0 | -€1,794 | -100.0% |
| Financial charges | 65/66B | €39 | €1,812 | +€1,773 | +4541.3% |
| Recurring financial charges | 65 | €39 | €1,812 | +€1,773 | +4541.3% |
| Profit (loss) for the period before taxes | 9903 | -€5,677 | -€8,071 | -€2,393 | -42.2% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€5,677 | -€8,071 | -€2,393 | -42.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,677 | -€8,071 | -€2,393 | -42.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.