LORENTELECOM: 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.
LORENTELECOM
Largest movements
- Receivables within one year +€59,560
up €59,560 (+132.0%), from €45,105 to €104,665
of which Other amounts receivable: +€84,718
- Deferred charges and accrued income +€37,665
up €37,665 (+1004.9%), from €3,748 to €41,413
- Cash -€31,704
down €31,704 (-94.5%), from €33,563 to €1,859
mainly Receivables within one year (-€59,560) and Deferred charges and accrued income (-€37,665)
- Tangible fixed assets -€2,790
down €2,790 (-47.4%), from €5,889 to €3,099
- Profit (loss) carried forward +€41,276
up €41,276 (+448.6%), from €9,201 to €50,477
- Debts after one year +€14,442
new in 2025: €14,442
- Trade debts +€3,748
up €3,748 (+127.8%), from €2,933 to €6,681
- Tax, wage and social debts +€2,519
up €2,519 (+9.1%), from €27,591 to €30,110
of which Taxes: +€12,661
- Current portion of long-term debt +€1,868
up €1,868 (+24.8%), from €7,528 to €9,396
- Staff costs -€103,413
down €103,413 (-84.0%), from €123,149 to €19,736
- Gross operating margin -€79,324
down €79,324 (-48.5%), from €163,473 to €84,149
- Taxes +€10,443
up €10,443 (+147.8%), from €7,065 to €17,508
- Depreciation -€3,877
down €3,877 (-58.2%), from €6,667 to €2,790
- Financial income +€2,667
up €2,667 (+803.3%), from €332 to €2,999
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 | €89,130 | €151,861 | +€62,731 | +70.4% |
| Fixed assets | 21/28 | €6,714 | €3,924 | -€2,790 | -41.6% |
| Tangible fixed assets | 22/27 | €5,889 | €3,099 | -€2,790 | -47.4% |
| Furniture and vehicles | 24 | €5,889 | €3,099 | -€2,790 | -47.4% |
| Financial fixed assets | 28 | €825 | €825 | = | 0.0% |
| Current assets | 29/58 | €82,416 | €147,937 | +€65,521 | +79.5% |
| Amounts receivable within one year | 40/41 | €45,105 | €104,665 | +€59,560 | +132.0% |
| Trade receivables | 40 | €29,430 | €4,272 | -€25,158 | -85.5% |
| Other amounts receivable | 41 | €15,675 | €100,393 | +€84,718 | +540.5% |
| Cash at bank and in hand | 54/58 | €33,563 | €1,859 | -€31,704 | -94.5% |
| Deferred charges and accrued income | 490/1 | €3,748 | €41,413 | +€37,665 | +1004.9% |
| Total equity and liabilities | 10/49 | €89,130 | €151,861 | +€62,731 | +70.4% |
| Equity | 10/15 | €49,718 | €90,994 | +€41,276 | +83.0% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €40,017 | €40,017 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50 | €50 | = | 0.0% |
| Reserves not available under the articles | 1311 | €50 | €50 | = | 0.0% |
| Distributable reserves | 133 | €39,967 | €39,967 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,201 | €50,477 | +€41,276 | +448.6% |
| Amounts payable | 17/49 | €39,412 | €60,867 | +€21,455 | +54.4% |
| Amounts payable after more than one year | 17 | - | €14,442 | +€14,442 | |
| Financial debts | 170/4 | - | €14,442 | +€14,442 | |
| Amounts payable within one year | 42/48 | €38,052 | €46,187 | +€8,135 | +21.4% |
| Current portion of amounts payable after more than one year | 42 | €7,528 | €9,396 | +€1,868 | +24.8% |
| Trade debts | 44 | €2,933 | €6,681 | +€3,748 | +127.8% |
| Suppliers | 440/4 | €2,933 | €6,681 | +€3,748 | +127.8% |
| Taxes, remuneration and social security | 45 | €27,591 | €30,110 | +€2,519 | +9.1% |
| Taxes | 450/3 | €11,006 | €23,667 | +€12,661 | +115.0% |
| Remuneration and social security | 454/9 | €16,585 | €6,443 | -€10,142 | -61.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €1,360 | €238 | -€1,122 | -82.5% |
| Remuneration, social security and pensions | 62 | €123,149 | €19,736 | -€103,413 | -84.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,667 | €2,790 | -€3,877 | -58.2% |
| Other operating charges | 640/8 | €4,818 | €5,283 | +€465 | +9.7% |
| Gross operating margin | 9900 | €163,473 | €84,149 | -€79,324 | -48.5% |
| Operating profit (loss) | 9901 | €28,839 | €56,340 | +€27,501 | +95.4% |
| Financial income | 75/76B | €332 | €2,999 | +€2,667 | +803.3% |
| Recurring financial income | 75 | €332 | €2,999 | +€2,667 | +803.3% |
| Financial charges | 65/66B | €1,914 | €555 | -€1,359 | -71.0% |
| Recurring financial charges | 65 | €1,914 | €555 | -€1,359 | -71.0% |
| Profit (loss) for the period before taxes | 9903 | €27,257 | €58,784 | +€31,527 | +115.7% |
| Income taxes | 67/77 | €7,065 | €17,508 | +€10,443 | +147.8% |
| Profit (loss) for the period | 9904 | €20,192 | €41,276 | +€21,084 | +104.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,192 | €41,276 | +€21,084 | +104.4% |
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 3 October 2026 via checked.be.