LORENT & HAEPERS: 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.
LORENT & HAEPERS
Largest movements
- Cash +€273,624
up €273,624 (+353,109%), from €77 to €273,702
mainly Net result for the year (+€192,340) and Investment in fixed assets (net) (+€104,029)
- Tangible fixed assets -€104,029
no longer reported in 2025 (was €104,029)
- Receivables within one year +€6,384
up €6,384 (+152%), from €4,193 to €10,577
- Profit (loss) carried forward +€115,719
no longer reported in 2025 (was -€115,719)
- Reserves +€76,621
up €76,621 (+40.3%), from €190,237 to €266,858
of which Distributable reserves: +€76,621
- Current portion of long-term debt -€21,066
no longer reported in 2025 (was €21,066)
- Tax, wage and social debts +€15,046
up €15,046 (+4,359%), from €345 to €15,391
- Short-term financial debts -€9,271
no longer reported in 2025 (was €9,271)
- Gross operating margin +€198,824
up €198,824 (+1,693%), from €11,743 to €210,567
- Taxes +€41,056
up €41,056 (+43,681%), from €94 to €41,150
- Financial income +€27,312
up €27,312 (+41,806%), from €65 to €27,377
- Depreciation -€12,785
no longer reported in 2025 (was €12,785)
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 | €113,836 | €289,278 | +€175,443 | +154% |
| Fixed assets | 21/28 | €104,029 | - | -€104,029 | |
| Tangible fixed assets | 22/27 | €104,029 | - | -€104,029 | |
| Land and buildings | 22 | €104,029 | - | -€104,029 | |
| Current assets | 29/58 | €9,807 | €289,278 | +€279,471 | +2,850% |
| Amounts receivable within one year | 40/41 | €4,193 | €10,577 | +€6,384 | +152% |
| Other amounts receivable | 41 | €4,193 | €10,577 | +€6,384 | +152% |
| Current investments | 50/53 | €5,000 | €5,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €77 | €273,702 | +€273,624 | +353,109% |
| Deferred charges and accrued income | 490/1 | €537 | - | -€537 | |
| Total equity and liabilities | 10/49 | €113,836 | €289,278 | +€175,443 | +154% |
| Equity | 10/15 | €80,718 | €273,058 | +€192,340 | +238% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €190,237 | €266,858 | +€76,621 | +40.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €188,377 | €264,998 | +€76,621 | +40.7% |
| Profit (loss) carried forward | 14 | -€115,719 | - | +€115,719 | |
| Amounts payable | 17/49 | €33,117 | €16,220 | -€16,898 | -51.0% |
| Amounts payable after more than one year | 17 | €1,661 | - | -€1,661 | |
| Financial debts | 170/4 | €1,661 | - | -€1,661 | |
| Amounts payable within one year | 42/48 | €31,457 | €16,220 | -€15,237 | -48.4% |
| Current portion of amounts payable after more than one year | 42 | €21,066 | - | -€21,066 | |
| Financial debts | 43 | €9,271 | - | -€9,271 | |
| Credit institutions | 430/8 | €9,271 | - | -€9,271 | |
| Trade debts | 44 | €774 | €829 | +€54 | +7.0% |
| Suppliers | 440/4 | €774 | €829 | +€54 | +7.0% |
| Taxes, remuneration and social security | 45 | €345 | €15,391 | +€15,046 | +4,359% |
| Taxes | 450/3 | €345 | €15,391 | +€15,046 | +4,359% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,785 | - | -€12,785 | |
| Other operating charges | 640/8 | €2,241 | €1,382 | -€859 | -38.3% |
| Gross operating margin | 9900 | €11,743 | €210,567 | +€198,824 | +1,693% |
| Operating profit (loss) | 9901 | -€3,283 | €209,185 | +€212,468 | |
| Financial income | 75/76B | €65 | €27,377 | +€27,312 | +41,806% |
| Recurring financial income | 75 | €65 | €27,377 | +€27,312 | +41,806% |
| Financial charges | 65/66B | €2,957 | €3,072 | +€115 | +3.9% |
| Recurring financial charges | 65 | €2,639 | €3,072 | +€433 | +16.4% |
| Non-recurring financial charges | 66B | €318 | - | -€318 | |
| Profit (loss) for the period before taxes | 9903 | -€6,174 | €233,490 | +€239,664 | |
| Income taxes | 67/77 | €94 | €41,150 | +€41,056 | +43,681% |
| Profit (loss) for the period | 9904 | -€6,268 | €192,340 | +€198,608 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,268 | €192,340 | +€198,608 |
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 20 October 2026 via checked.be.