LOREE PATRIMONIALE: 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.
LOREE PATRIMONIALE
Largest movements
- Current investments +€12.0m
new in 2025: €12.0m
- Cash +€5.3m
up €5.3m (+292%), from €1.8m to €7.1m
mainly Net result for the year (+€16.7m) and Investment in fixed assets (net) (+€1.1m)
- Financial fixed assets -€1.2m
down €1.2m (-1.2%), from €97.6m to €96.4m
- Reserves +€24.8m
up €24.8m (+4,993%), from €497,410 to €25.3m
of which Distributable reserves: +€24.0m
- Profit (loss) carried forward -€8.2m
down €8.2m (-92.1%), from €8.9m to €699,543
- Financial income +€16.2m
up €16.2m (+2,506%), from €645,587 to €16.8m
- Depreciation +€12,831
up €12,831 (+331%), from €3,877 to €16,709
- Gross operating margin -€1,944
down €1,944 (-19.7%), from -€9,873 to -€11,817
- Taxes -€412
down €412 (-0.3%), from €117,936 to €117,524
- Other operating charges +€206
up €206 (+21.3%), from €968 to €1,174
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 | €100,535,881 | €117,215,177 | +€16.7m | +16.6% |
| Fixed assets | 21/28 | €97,577,271 | €96,480,693 | -€1.1m | -1.1% |
| Tangible fixed assets | 22/27 | €11,439 | €114,861 | +€103,422 | +904% |
| Furniture and vehicles | 24 | €11,439 | €114,861 | +€103,422 | +904% |
| Financial fixed assets | 28 | €97,565,832 | €96,365,832 | -€1.2m | -1.2% |
| Current assets | 29/58 | €2,958,610 | €20,734,484 | +€17.8m | +601% |
| Amounts receivable within one year | 40/41 | €24,241 | €50,340 | +€26,099 | +108% |
| Other amounts receivable | 41 | €24,241 | €50,340 | +€26,099 | +108% |
| Current investments | 50/53 | - | €12,000,000 | +€12.0m | |
| Cash at bank and in hand | 54/58 | €1,808,990 | €7,097,514 | +€5.3m | +292% |
| Deferred charges and accrued income | 490/1 | €1,125,379 | €1,586,630 | +€461,251 | +41.0% |
| Total equity and liabilities | 10/49 | €100,535,881 | €117,215,177 | +€16.7m | +16.6% |
| Equity | 10/15 | €96,527,836 | €113,204,832 | +€16.7m | +17.3% |
| Contributions | 10/11 | €87,174,029 | €87,174,029 | = | 0.0% |
| Capital | 10 | €87,174,029 | €87,174,029 | = | 0.0% |
| Issued capital | 100 | €87,174,029 | €87,174,029 | = | 0.0% |
| Reserves | 13 | €497,410 | €25,331,259 | +€24.8m | +4,993% |
| Non-distributable reserves | 130/1 | €497,410 | €1,331,259 | +€833,850 | +168% |
| Legal reserve | 130 | €497,410 | €1,331,259 | +€833,850 | +168% |
| Distributable reserves | 133 | - | €24,000,000 | +€24.0m | |
| Profit (loss) carried forward | 14 | €8,856,398 | €699,543 | -€8.2m | -92.1% |
| Amounts payable | 17/49 | €4,008,044 | €4,010,345 | +€2,301 | +0.1% |
| Amounts payable within one year | 42/48 | €4,008,044 | €4,010,345 | +€2,301 | +0.1% |
| Trade debts | 44 | - | €82 | +€82 | |
| Suppliers | 440/4 | - | €82 | +€82 | |
| Other amounts payable | 47/48 | €4,008,044 | €4,010,263 | +€2,219 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,877 | €16,709 | +€12,831 | +331% |
| Other operating charges | 640/8 | €968 | €1,174 | +€206 | +21.3% |
| Gross operating margin | 9900 | -€9,873 | -€11,817 | -€1,944 | -19.7% |
| Operating profit (loss) | 9901 | -€14,718 | -€29,700 | -€14,982 | -102% |
| Financial income | 75/76B | €645,587 | €16,824,441 | +€16.2m | +2,506% |
| Recurring financial income | 75 | €645,587 | €16,824,441 | +€16.2m | +2,506% |
| Financial charges | 65/66B | €246 | €222 | -€24 | -9.9% |
| Recurring financial charges | 65 | €246 | €222 | -€24 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €630,623 | €16,794,519 | +€16.2m | +2,563% |
| Income taxes | 67/77 | €117,936 | €117,524 | -€412 | -0.3% |
| Profit (loss) for the period | 9904 | €512,687 | €16,676,995 | +€16.2m | +3,153% |
| Profit (loss) for the period to be appropriated | 9905 | €512,687 | €16,676,995 | +€16.2m | +3,153% |
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 19 October 2026 via checked.be.