LORENA: 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.
LORENA
Largest movements
- Receivables within one year +€57,595
up €57,595 (+180.5%), from €31,912 to €89,508
of which Other amounts receivable: +€64,914
- Tangible fixed assets -€27,687
down €27,687 (-13.7%), from €202,035 to €174,349
of which Assets under construction and advance payments: -€40,406
- Receivables after one year -€23,394
down €23,394 (-100.0%), from €23,394 to €0
- Cash +€6,164
up €6,164 (+180.8%), from €3,409 to €9,572
mainly Depreciation (+€34,231) and Receivables after one year (+€23,394)
- Profit (loss) carried forward +€197,987
up €197,987, from -€71,109 to €126,877
- Reserves -€185,230
down €185,230 (-80.8%), from €229,328 to €44,099
of which Distributable reserves: -€185,230
- Trade debts +€16,763
up €16,763 (+51.8%), from €32,341 to €49,104
- Current portion of long-term debt -€12,372
down €12,372 (-50.2%), from €24,655 to €12,283
- Debts after one year -€12,133
down €12,133 (-24.8%), from €48,962 to €36,828
- Gross operating margin +€17,741
up €17,741 (+15.2%), from €116,608 to €134,349
- Other operating charges +€7,008
up €7,008 (+276.3%), from €2,536 to €9,544
- Financial income +€3,848
up €3,848 (+232.8%), from €1,653 to €5,501
- Depreciation +€2,177
up €2,177 (+6.8%), from €32,053 to €34,231
- Staff costs -€1,805
down €1,805 (-2.4%), from €76,436 to €74,631
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €310,750 | €323,429 | +€12,679 | +4.1% |
| Fixed assets | 21/28 | €202,035 | €174,349 | -€27,687 | -13.7% |
| Tangible fixed assets | 22/27 | €202,035 | €174,349 | -€27,687 | -13.7% |
| Land and buildings | 22 | €138,558 | €154,022 | +€15,464 | +11.2% |
| Plant, machinery and equipment | 23 | €15,379 | €14,194 | -€1,185 | -7.7% |
| Furniture and vehicles | 24 | €7,692 | €6,133 | -€1,560 | -20.3% |
| Assets under construction and advance payments | 27 | €40,406 | €0 | -€40,406 | -100.0% |
| Current assets | 29/58 | €108,715 | €149,080 | +€40,365 | +37.1% |
| Amounts receivable after more than one year | 29 | €23,394 | €0 | -€23,394 | -100.0% |
| Other amounts receivable | 291 | €23,394 | €0 | -€23,394 | -100.0% |
| Stocks and contracts in progress | 3 | €50,000 | €50,000 | = | 0.0% |
| Stocks | 30/36 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €31,912 | €89,508 | +€57,595 | +180.5% |
| Trade receivables | 40 | €9,431 | €2,112 | -€7,319 | -77.6% |
| Other amounts receivable | 41 | €22,482 | €87,396 | +€64,914 | +288.7% |
| Cash at bank and in hand | 54/58 | €3,409 | €9,572 | +€6,164 | +180.8% |
| Total equity and liabilities | 10/49 | €310,750 | €323,429 | +€12,679 | +4.1% |
| Equity | 10/15 | €176,811 | €189,568 | +€12,757 | +7.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €229,328 | €44,099 | -€185,230 | -80.8% |
| Tax-exempt reserves | 132 | €31,432 | €31,432 | = | 0.0% |
| Distributable reserves | 133 | €197,897 | €12,667 | -€185,230 | -93.6% |
| Profit (loss) carried forward | 14 | -€71,109 | €126,877 | +€197,987 | |
| Amounts payable | 17/49 | €133,939 | €133,861 | -€78 | -0.1% |
| Amounts payable after more than one year | 17 | €48,962 | €36,828 | -€12,133 | -24.8% |
| Financial debts | 170/4 | €48,962 | €36,828 | -€12,133 | -24.8% |
| Amounts payable within one year | 42/48 | €84,978 | €97,033 | +€12,055 | +14.2% |
| Current portion of amounts payable after more than one year | 42 | €24,655 | €12,283 | -€12,372 | -50.2% |
| Financial debts | 43 | €17,529 | €22,932 | +€5,402 | +30.8% |
| Credit institutions | 430/8 | €17,529 | €22,932 | +€5,402 | +30.8% |
| Trade debts | 44 | €32,341 | €49,104 | +€16,763 | +51.8% |
| Suppliers | 440/4 | €32,341 | €49,104 | +€16,763 | +51.8% |
| Taxes, remuneration and social security | 45 | €10,452 | €12,714 | +€2,261 | +21.6% |
| Taxes | 450/3 | €8,768 | €9,877 | +€1,109 | +12.7% |
| Remuneration and social security | 454/9 | €1,684 | €2,836 | +€1,152 | +68.4% |
| Remuneration, social security and pensions | 62 | €76,436 | €74,631 | -€1,805 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,053 | €34,231 | +€2,177 | +6.8% |
| Other operating charges | 640/8 | €2,536 | €9,544 | +€7,008 | +276.3% |
| Gross operating margin | 9900 | €116,608 | €134,349 | +€17,741 | +15.2% |
| Operating profit (loss) | 9901 | €5,583 | €15,943 | +€10,360 | +185.6% |
| Financial income | 75/76B | €1,653 | €5,501 | +€3,848 | +232.8% |
| Recurring financial income | 75 | €1,653 | €5,501 | +€3,848 | +232.8% |
| Financial charges | 65/66B | €7,198 | €7,510 | +€312 | +4.3% |
| Recurring financial charges | 65 | €7,198 | €7,510 | +€312 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €37 | €13,934 | +€13,897 | +37447.3% |
| Income taxes | 67/77 | - | €1,267 | +€1,267 | |
| Profit (loss) for the period | 9904 | €37 | €12,667 | +€12,630 | +34034.0% |
| Profit (loss) for the period to be appropriated | 9905 | €37 | €12,667 | +€12,630 | +34034.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.