Loreley: 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.
Loreley
Largest movements
- Cash +€64,963
up €64,963 (+447.8%), from €14,507 to €79,470
mainly Net result for the year (+€73,851) and Depreciation (+€9,376)
- Receivables within one year +€10,366
up €10,366 (+6.4%), from €161,236 to €171,602
of which Other amounts receivable: +€60,000
- Tangible fixed assets -€8,550
down €8,550 (-23.7%), from €36,111 to €27,561
- Reserves +€73,851
up €73,851 (+44.2%), from €167,014 to €240,865
- Tax, wage and social debts -€7,012
down €7,012 (-18.4%), from €38,060 to €31,048
- Gross operating margin -€7,241
down €7,241 (-6.6%), from €110,170 to €102,929
- Taxes -€1,829
down €1,829 (-8.7%), from €21,057 to €19,229
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 | €211,855 | €278,633 | +€66,779 | +31.5% |
| Fixed assets | 21/28 | €36,111 | €27,561 | -€8,550 | -23.7% |
| Tangible fixed assets | 22/27 | €36,111 | €27,561 | -€8,550 | -23.7% |
| Furniture and vehicles | 24 | €36,111 | €27,561 | -€8,550 | -23.7% |
| Current assets | 29/58 | €175,743 | €251,072 | +€75,329 | +42.9% |
| Amounts receivable within one year | 40/41 | €161,236 | €171,602 | +€10,366 | +6.4% |
| Trade receivables | 40 | €71,236 | €21,602 | -€49,634 | -69.7% |
| Other amounts receivable | 41 | €90,000 | €150,000 | +€60,000 | +66.7% |
| Cash at bank and in hand | 54/58 | €14,507 | €79,470 | +€64,963 | +447.8% |
| Total equity and liabilities | 10/49 | €211,855 | €278,633 | +€66,779 | +31.5% |
| Equity | 10/15 | €170,014 | €243,865 | +€73,851 | +43.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €167,014 | €240,865 | +€73,851 | +44.2% |
| Distributable reserves | 133 | €167,014 | €240,865 | +€73,851 | +44.2% |
| Amounts payable | 17/49 | €41,840 | €34,768 | -€7,072 | -16.9% |
| Amounts payable within one year | 42/48 | €41,840 | €34,768 | -€7,072 | -16.9% |
| Trade debts | 44 | €1,267 | €580 | -€687 | -54.2% |
| Suppliers | 440/4 | €1,267 | €580 | -€687 | -54.2% |
| Taxes, remuneration and social security | 45 | €38,060 | €31,048 | -€7,012 | -18.4% |
| Taxes | 450/3 | €38,060 | €31,048 | -€7,012 | -18.4% |
| Other amounts payable | 47/48 | €2,513 | €3,140 | +€627 | +25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,117 | €9,376 | +€258 | +2.8% |
| Other operating charges | 640/8 | €170 | €427 | +€257 | +151.4% |
| Gross operating margin | 9900 | €110,170 | €102,929 | -€7,241 | -6.6% |
| Operating profit (loss) | 9901 | €100,883 | €93,126 | -€7,757 | -7.7% |
| Financial income | 75/76B | €377 | €0 | -€377 | -99.9% |
| Recurring financial income | 75 | €377 | €0 | -€377 | -99.9% |
| Financial charges | 65/66B | €31 | €46 | +€15 | +49.5% |
| Recurring financial charges | 65 | €31 | €46 | +€15 | +49.5% |
| Profit (loss) for the period before taxes | 9903 | €101,229 | €93,079 | -€8,149 | -8.1% |
| Income taxes | 67/77 | €21,057 | €19,229 | -€1,829 | -8.7% |
| Profit (loss) for the period | 9904 | €80,171 | €73,851 | -€6,320 | -7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €80,171 | €73,851 | -€6,320 | -7.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.