LORECA: 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.
LORECA
Largest movements
- Tangible fixed assets -€8,640
down €8,640 (-5.3%), from €164,031 to €155,391
of which Plant, machinery and equipment: -€4,679
- Receivables within one year +€2,531
up €2,531 (+1,581%), from €160 to €2,692
of which Trade receivables: +€2,315
- Tax, wage and social debts -€7,127
down €7,127 (-33.1%), from €21,556 to €14,429
of which Remuneration and social security: -€6,000
- Profit (loss) carried forward +€6,337
up €6,337 (+11.2%), from €56,488 to €62,825
- Reserves +€5,000
up €5,000 (+11.9%), from €42,026 to €47,026
of which Distributable reserves: +€5,000
- Other debts -€4,970
down €4,970 (-26.4%), from €18,825 to €13,855
- Trade debts -€3,820
down €3,820 (-35.8%), from €10,681 to €6,862
- Gross operating margin +€15,827
up €15,827 (+23.4%), from €67,558 to €83,384
- Taxes +€5,800
up €5,800 (+815%), from €712 to €6,512
- Staff costs +€4,528
up €4,528 (+12.2%), from €37,148 to €41,676
- Financial charges -€904
down €904 (-17.0%), from €5,325 to €4,422
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 | €203,706 | €201,166 | -€2,540 | -1.2% |
| Fixed assets | 21/28 | €164,394 | €155,754 | -€8,640 | -5.3% |
| Tangible fixed assets | 22/27 | €164,031 | €155,391 | -€8,640 | -5.3% |
| Land and buildings | 22 | €81,840 | €81,840 | = | 0.0% |
| Plant, machinery and equipment | 23 | €64,997 | €60,318 | -€4,679 | -7.2% |
| Furniture and vehicles | 24 | €17,194 | €13,233 | -€3,961 | -23.0% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €39,312 | €45,412 | +€6,100 | +15.5% |
| Stocks and contracts in progress | 3 | €2,538 | €2,401 | -€137 | -5.4% |
| Stocks | 30/36 | €2,538 | €2,401 | -€137 | -5.4% |
| Amounts receivable within one year | 40/41 | €160 | €2,692 | +€2,531 | +1,581% |
| Trade receivables | 40 | - | €2,315 | +€2,315 | |
| Other amounts receivable | 41 | €160 | €377 | +€216 | +135% |
| Cash at bank and in hand | 54/58 | €33,881 | €35,560 | +€1,679 | +5.0% |
| Deferred charges and accrued income | 490/1 | €2,733 | €4,760 | +€2,027 | +74.2% |
| Total equity and liabilities | 10/49 | €203,706 | €201,166 | -€2,540 | -1.2% |
| Equity | 10/15 | €118,514 | €129,850 | +€11,337 | +9.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €42,026 | €47,026 | +€5,000 | +11.9% |
| 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 | €6,026 | €6,026 | = | 0.0% |
| Distributable reserves | 133 | €34,000 | €39,000 | +€5,000 | +14.7% |
| Profit (loss) carried forward | 14 | €56,488 | €62,825 | +€6,337 | +11.2% |
| Amounts payable | 17/49 | €85,192 | €71,315 | -€13,877 | -16.3% |
| Amounts payable after more than one year | 17 | €20,765 | €24,414 | +€3,649 | +17.6% |
| Financial debts | 170/4 | €20,765 | €24,414 | +€3,649 | +17.6% |
| Amounts payable within one year | 42/48 | €64,428 | €46,902 | -€17,526 | -27.2% |
| Current portion of amounts payable after more than one year | 42 | €13,365 | €11,756 | -€1,609 | -12.0% |
| Trade debts | 44 | €10,681 | €6,862 | -€3,820 | -35.8% |
| Suppliers | 440/4 | €10,681 | €6,862 | -€3,820 | -35.8% |
| Taxes, remuneration and social security | 45 | €21,556 | €14,429 | -€7,127 | -33.1% |
| Taxes | 450/3 | €9,056 | €7,929 | -€1,127 | -12.4% |
| Remuneration and social security | 454/9 | €12,500 | €6,500 | -€6,000 | -48.0% |
| Other amounts payable | 47/48 | €18,825 | €13,855 | -€4,970 | -26.4% |
| Remuneration, social security and pensions | 62 | €37,148 | €41,676 | +€4,528 | +12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,191 | €17,883 | +€692 | +4.0% |
| Other operating charges | 640/8 | €1,680 | €1,597 | -€84 | -5.0% |
| Gross operating margin | 9900 | €67,558 | €83,384 | +€15,827 | +23.4% |
| Operating profit (loss) | 9901 | €11,538 | €22,228 | +€10,691 | +92.7% |
| Financial income | 75/76B | €30 | €42 | +€12 | +38.9% |
| Recurring financial income | 75 | €30 | €42 | +€12 | +38.9% |
| Financial charges | 65/66B | €5,325 | €4,422 | -€904 | -17.0% |
| Recurring financial charges | 65 | €5,325 | €4,422 | -€904 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | €6,243 | €17,849 | +€11,606 | +186% |
| Income taxes | 67/77 | €712 | €6,512 | +€5,800 | +815% |
| Profit (loss) for the period | 9904 | €5,531 | €11,337 | +€5,806 | +105% |
| Profit (loss) for the period to be appropriated | 9905 | €5,531 | €11,337 | +€5,806 | +105% |
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 1 November 2026 via checked.be.