LORENCO: 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.
LORENCO
Largest movements
- Tangible fixed assets -€50,299
down €50,299 (-3.4%), from €1.5m to €1.4m
of which Land and buildings: -€49,254
- Cash +€30,389
up €30,389 (+40.0%), from €75,946 to €106,336
mainly Depreciation (+€51,682)
- Profit (loss) carried forward -€18,040
down €18,040 (-3.4%), from -€522,956 to -€540,996
- Gross operating margin +€4,513
up €4,513 (+12.2%), from €36,946 to €41,458
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 | €1,537,172 | €1,518,295 | -€18,877 | -1.2% |
| Fixed assets | 21/28 | €1,459,379 | €1,409,079 | -€50,299 | -3.4% |
| Tangible fixed assets | 22/27 | €1,459,379 | €1,409,079 | -€50,299 | -3.4% |
| Land and buildings | 22 | €1,456,244 | €1,406,989 | -€49,254 | -3.4% |
| Other tangible fixed assets | 26 | €3,135 | €2,090 | -€1,045 | -33.3% |
| Current assets | 29/58 | €77,793 | €109,216 | +€31,423 | +40.4% |
| Amounts receivable within one year | 40/41 | - | €998 | +€998 | |
| Trade receivables | 40 | - | €998 | +€998 | |
| Cash at bank and in hand | 54/58 | €75,946 | €106,336 | +€30,389 | +40.0% |
| Deferred charges and accrued income | 490/1 | €1,847 | €1,882 | +€35 | +1.9% |
| Total equity and liabilities | 10/49 | €1,537,172 | €1,518,295 | -€18,877 | -1.2% |
| Equity | 10/15 | €1,534,150 | €1,516,110 | -€18,040 | -1.2% |
| Contributions | 10/11 | €2,057,107 | €2,057,107 | = | 0.0% |
| Capital | 10 | €2,057,107 | €2,057,107 | = | 0.0% |
| Issued capital | 100 | €2,057,107 | €2,057,107 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€522,956 | -€540,996 | -€18,040 | -3.4% |
| Amounts payable | 17/49 | €3,022 | €2,185 | -€837 | -27.7% |
| Amounts payable within one year | 42/48 | €489 | €489 | -€0 | -0.1% |
| Trade debts | 44 | €445 | €445 | -€0 | -0.1% |
| Suppliers | 440/4 | €445 | €445 | -€0 | -0.1% |
| Other amounts payable | 47/48 | €44 | €44 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,532 | €1,696 | -€836 | -33.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,532 | €51,682 | +€150 | +0.3% |
| Other operating charges | 640/8 | €7,897 | €7,629 | -€268 | -3.4% |
| Gross operating margin | 9900 | €36,946 | €41,458 | +€4,513 | +12.2% |
| Operating profit (loss) | 9901 | -€22,483 | -€17,853 | +€4,630 | +20.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €193 | €187 | -€6 | -3.1% |
| Recurring financial charges | 65 | €193 | €187 | -€6 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | -€22,677 | -€18,040 | +€4,637 | +20.4% |
| Profit (loss) for the period | 9904 | -€22,677 | -€18,040 | +€4,637 | +20.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,677 | -€18,040 | +€4,637 | +20.4% |
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 28 October 2026 via checked.be.