Loreland: 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.
Loreland
Largest movements
- Receivables within one year +€95,442
up €95,442 (+7029.4%), from €1,358 to €96,800
of which Trade receivables: +€96,800
- Tangible fixed assets +€74,903
new in 2025: €74,903
of which Leasing and similar rights: +€70,797
- Cash -€46,640
down €46,640 (-58.5%), from €79,689 to €33,049
mainly Receivables within one year (-€95,442) and Investment in fixed assets (net) (-€81,549)
- Deferred charges and accrued income +€2,538
new in 2025: €2,538
- Debts after one year +€44,648
new in 2025: €44,648
- Reserves +€39,376
up €39,376 (+117.6%), from €33,480 to €72,856
- Tax, wage and social debts +€14,157
up €14,157 (+114.1%), from €12,402 to €26,558
of which Taxes: +€10,657
- Other debts +€13,458
up €13,458 (+81.2%), from €16,575 to €30,033
- Current portion of long-term debt +€10,884
new in 2025: €10,884
- Gross operating margin +€78,937
up €78,937 (+291.8%), from €27,052 to €105,990
- Taxes +€12,538
up €12,538 (+170.0%), from €7,377 to €19,914
- Depreciation +€6,646
up €6,646, from €0 to €6,646
- Other operating charges +€2,259
up €2,259 (+449.6%), from €502 to €2,761
- Financial charges +€1,930
up €1,930 (+2801.0%), from €69 to €1,999
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 | €81,056 | €207,300 | +€126,243 | +155.7% |
| Fixed assets | 21/28 | €10 | €74,913 | +€74,903 | +749031.0% |
| Tangible fixed assets | 22/27 | - | €74,903 | +€74,903 | |
| Furniture and vehicles | 24 | - | €4,106 | +€4,106 | |
| Leasing and similar rights | 25 | - | €70,797 | +€70,797 | |
| Financial fixed assets | 28 | €10 | €10 | = | 0.0% |
| Current assets | 29/58 | €81,046 | €132,387 | +€51,340 | +63.3% |
| Amounts receivable within one year | 40/41 | €1,358 | €96,800 | +€95,442 | +7029.4% |
| Trade receivables | 40 | €0 | €96,800 | +€96,800 | |
| Other amounts receivable | 41 | €1,358 | €0 | -€1,358 | -100.0% |
| Cash at bank and in hand | 54/58 | €79,689 | €33,049 | -€46,640 | -58.5% |
| Deferred charges and accrued income | 490/1 | - | €2,538 | +€2,538 | |
| Total equity and liabilities | 10/49 | €81,056 | €207,300 | +€126,243 | +155.7% |
| Equity | 10/15 | €52,080 | €91,456 | +€39,376 | +75.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €33,480 | €72,856 | +€39,376 | +117.6% |
| Distributable reserves | 133 | €33,480 | €72,856 | +€39,376 | +117.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €28,977 | €115,844 | +€86,867 | +299.8% |
| Amounts payable after more than one year | 17 | - | €44,648 | +€44,648 | |
| Financial debts | 170/4 | - | €44,648 | +€44,648 | |
| Amounts payable within one year | 42/48 | €28,977 | €71,196 | +€42,219 | +145.7% |
| Current portion of amounts payable after more than one year | 42 | - | €10,884 | +€10,884 | |
| Trade debts | 44 | - | €3,720 | +€3,720 | |
| Suppliers | 440/4 | - | €3,720 | +€3,720 | |
| Taxes, remuneration and social security | 45 | €12,402 | €26,558 | +€14,157 | +114.1% |
| Taxes | 450/3 | €12,402 | €23,058 | +€10,657 | +85.9% |
| Remuneration and social security | 454/9 | - | €3,500 | +€3,500 | |
| Other amounts payable | 47/48 | €16,575 | €30,033 | +€13,458 | +81.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €6,646 | +€6,646 | |
| Other operating charges | 640/8 | €502 | €2,761 | +€2,259 | +449.6% |
| Gross operating margin | 9900 | €27,052 | €105,990 | +€78,937 | +291.8% |
| Operating profit (loss) | 9901 | €26,550 | €96,582 | +€70,032 | +263.8% |
| Financial income | 75/76B | €255 | €1 | -€253 | -99.5% |
| Recurring financial income | 75 | €255 | €1 | -€253 | -99.5% |
| Financial charges | 65/66B | €69 | €1,999 | +€1,930 | +2801.0% |
| Recurring financial charges | 65 | €69 | €1,999 | +€1,930 | +2801.0% |
| Profit (loss) for the period before taxes | 9903 | €26,736 | €94,585 | +€67,849 | +253.8% |
| Income taxes | 67/77 | €7,377 | €19,914 | +€12,538 | +170.0% |
| Profit (loss) for the period | 9904 | €19,359 | €74,670 | +€55,311 | +285.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,359 | €74,670 | +€55,311 | +285.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.