Lorenz Belgium: what changed
Lorenz Belgium
Largest movements
- Cash +€96,496
up €96,496 (+35.6%), from €271,413 to €367,908
mainly Receivables within one year (+€73,205) and Depreciation (+€70,000)
- Receivables within one year -€73,205
down €73,205 (-59.6%), from €122,845 to €49,640
of which Trade receivables: -€73,942
- Intangible fixed assets -€70,000
down €70,000 (-16.8%), from €417,427 to €347,427
- Trade debts -€25,432
down €25,432 (-8.3%), from €307,997 to €282,565
- Profit (loss) carried forward -€12,777
down €12,777 (-16.3%), from -€78,482 to -€91,258
- Gross operating margin -€13,864
down €13,864 (-20.4%), from €67,893 to €54,029
- Financial income +€2,374
up €2,374 (+87.6%), from €2,709 to €5,083
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,062,059 | €1,015,938 | -€46,121 | -4.3% |
| Fixed assets | 21/28 | €417,427 | €347,427 | -€70,000 | -16.8% |
| Intangible fixed assets | 21 | €417,427 | €347,427 | -€70,000 | -16.8% |
| Current assets | 29/58 | €644,632 | €668,511 | +€23,879 | +3.7% |
| Amounts receivable within one year | 40/41 | €122,845 | €49,640 | -€73,205 | -59.6% |
| Trade receivables | 40 | €122,057 | €48,115 | -€73,942 | -60.6% |
| Other amounts receivable | 41 | €788 | €1,525 | +€737 | +93.5% |
| Current investments | 50/53 | €250,000 | €250,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €271,413 | €367,908 | +€96,496 | +35.6% |
| Deferred charges and accrued income | 490/1 | €374 | €963 | +€589 | +157% |
| Total equity and liabilities | 10/49 | €1,062,059 | €1,015,938 | -€46,121 | -4.3% |
| Equity | 10/15 | €721,518 | €708,742 | -€12,777 | -1.8% |
| Contributions | 10/11 | €800,000 | €800,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€78,482 | -€91,258 | -€12,777 | -16.3% |
| Amounts payable | 17/49 | €340,541 | €307,197 | -€33,344 | -9.8% |
| Amounts payable within one year | 42/48 | €340,541 | €307,197 | -€33,344 | -9.8% |
| Trade debts | 44 | €307,997 | €282,565 | -€25,432 | -8.3% |
| Suppliers | 440/4 | €307,997 | €282,565 | -€25,432 | -8.3% |
| Taxes, remuneration and social security | 45 | €32,544 | €24,632 | -€7,912 | -24.3% |
| Taxes | 450/3 | €32,544 | €24,632 | -€7,912 | -24.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,000 | €70,000 | = | 0.0% |
| Other operating charges | 640/8 | €1,209 | €1,320 | +€111 | +9.2% |
| Gross operating margin | 9900 | €67,893 | €54,029 | -€13,864 | -20.4% |
| Operating profit (loss) | 9901 | -€3,315 | -€17,291 | -€13,976 | -422% |
| Financial income | 75/76B | €2,709 | €5,083 | +€2,374 | +87.6% |
| Recurring financial income | 75 | €2,709 | €5,083 | +€2,374 | +87.6% |
| Financial charges | 65/66B | €842 | €569 | -€273 | -32.5% |
| Recurring financial charges | 65 | €842 | €569 | -€273 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,448 | -€12,777 | -€11,328 | -782% |
| Profit (loss) for the period | 9904 | -€1,448 | -€12,777 | -€11,328 | -782% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,448 | -€12,777 | -€11,328 | -782% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.