LORENCI: 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.
LORENCI
Largest movements
- Current investments +€120,000
up €120,000 (+28.6%), from €420,000 to €540,000
- Cash -€57,937
down €57,937 (-43.7%), from €132,730 to €74,793
mainly Current investments (-€120,000) and Trade debts (-€38,331)
- Receivables within one year +€22,090
up €22,090 (+21.9%), from €100,643 to €122,732
of which Trade receivables: +€25,770
- Tangible fixed assets -€9,612
down €9,612 (-54.4%), from €17,678 to €8,066
of which Furniture and vehicles: -€9,136
- Tax, wage and social debts +€42,872
up €42,872 (+152%), from €28,229 to €71,101
of which Taxes: +€32,493
- Trade debts -€38,331
down €38,331 (-55.6%), from €68,960 to €30,629
- Reserves +€37,037
up €37,037 (+7.5%), from €495,229 to €532,266
- Other debts +€29,493
up €29,493 (+37.1%), from €79,432 to €108,924
- Staff costs +€74,723
up €74,723 (+103%), from €72,500 to €147,222
- Gross operating margin -€49,918
down €49,918 (-14.0%), from €356,365 to €306,447
- Taxes -€42,427
down €42,427 (-49.3%), from €86,005 to €43,577
- Write-downs +€30,740
up €30,740, from -€408 to €30,332
- Financial income +€5,010
up €5,010 (+9,926%), from €50 to €5,061
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 | €678,183 | €749,254 | +€71,071 | +10.5% |
| Fixed assets | 21/28 | €17,678 | €8,066 | -€9,612 | -54.4% |
| Tangible fixed assets | 22/27 | €17,678 | €8,066 | -€9,612 | -54.4% |
| Land and buildings | 22 | €1,145 | €669 | -€476 | -41.6% |
| Furniture and vehicles | 24 | €16,533 | €7,397 | -€9,136 | -55.3% |
| Current assets | 29/58 | €660,505 | €741,188 | +€80,683 | +12.2% |
| Amounts receivable within one year | 40/41 | €100,643 | €122,732 | +€22,090 | +21.9% |
| Trade receivables | 40 | €96,775 | €122,545 | +€25,770 | +26.6% |
| Other amounts receivable | 41 | €3,867 | €187 | -€3,680 | -95.2% |
| Current investments | 50/53 | €420,000 | €540,000 | +€120,000 | +28.6% |
| Cash at bank and in hand | 54/58 | €132,730 | €74,793 | -€57,937 | -43.7% |
| Deferred charges and accrued income | 490/1 | €7,132 | €3,663 | -€3,469 | -48.6% |
| Total equity and liabilities | 10/49 | €678,183 | €749,254 | +€71,071 | +10.5% |
| Equity | 10/15 | €501,429 | €538,466 | +€37,037 | +7.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €495,229 | €532,266 | +€37,037 | +7.5% |
| Distributable reserves | 133 | €495,229 | €532,266 | +€37,037 | +7.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €176,754 | €210,788 | +€34,034 | +19.3% |
| Amounts payable within one year | 42/48 | €176,754 | €210,788 | +€34,034 | +19.3% |
| Financial debts | 43 | €134 | €134 | = | 0.0% |
| Other loans | 439 | €134 | €134 | = | 0.0% |
| Trade debts | 44 | €68,960 | €30,629 | -€38,331 | -55.6% |
| Suppliers | 440/4 | €68,960 | €30,629 | -€38,331 | -55.6% |
| Taxes, remuneration and social security | 45 | €28,229 | €71,101 | +€42,872 | +152% |
| Taxes | 450/3 | €17,504 | €49,997 | +€32,493 | +186% |
| Remuneration and social security | 454/9 | €10,725 | €21,103 | +€10,378 | +96.8% |
| Other amounts payable | 47/48 | €79,432 | €108,924 | +€29,493 | +37.1% |
| Remuneration, social security and pensions | 62 | €72,500 | €147,222 | +€74,723 | +103% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,554 | €12,433 | -€1,121 | -8.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€408 | €30,332 | +€30,740 | |
| Other operating charges | 640/8 | €3,234 | €3,172 | -€62 | -1.9% |
| Gross operating margin | 9900 | €356,365 | €306,447 | -€49,918 | -14.0% |
| Operating profit (loss) | 9901 | €267,486 | €113,288 | -€154,198 | -57.6% |
| Financial income | 75/76B | €50 | €5,061 | +€5,010 | +9,926% |
| Recurring financial income | 75 | €50 | €5,061 | +€5,010 | +9,926% |
| Financial charges | 65/66B | €4,022 | €1,770 | -€2,253 | -56.0% |
| Recurring financial charges | 65 | €4,022 | €1,770 | -€2,253 | -56.0% |
| Profit (loss) for the period before taxes | 9903 | €263,514 | €116,580 | -€146,934 | -55.8% |
| Income taxes | 67/77 | €86,005 | €43,577 | -€42,427 | -49.3% |
| Profit (loss) for the period | 9904 | €177,509 | €73,002 | -€104,507 | -58.9% |
| Profit (loss) for the period to be appropriated | 9905 | €177,509 | €73,002 | -€104,507 | -58.9% |
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 24 October 2026 via checked.be.