LORENZO & CO: what changed
LORENZO & CO
Largest movements
- Cash -€22,818
down €22,818 (-46.0%), from €49,553 to €26,735
mainly Other debts (-€8,015) and Net result for the year (-€5,433)
- Receivables within one year +€3,903
up €3,903 (+57.1%), from €6,834 to €10,737
of which Trade receivables: +€2,357
- Tangible fixed assets +€1,397
up €1,397 (+8.4%), from €16,590 to €17,987
of which Other tangible fixed assets: +€4,840
- Deferred charges and accrued income +€1,201
up €1,201 (+28.9%), from €4,150 to €5,351
- Other debts -€8,015
no longer reported in 2025 (was €8,015)
- Profit (loss) carried forward -€5,433
down €5,433 (-15.4%), from €35,350 to €29,917
- Tax, wage and social debts -€2,230
down €2,230 (-16.5%), from €13,517 to €11,287
of which Remuneration and social security: -€2,550
- Staff costs -€13,872
down €13,872 (-24.4%), from €56,737 to €42,865
- Gross operating margin -€7,664
down €7,664 (-14.2%), from €54,089 to €46,425
- Depreciation +€1,803
up €1,803 (+89.4%), from €2,017 to €3,820
- Financial charges +€1,496
up €1,496 (+252%), from €593 to €2,089
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 | €81,108 | €64,878 | -€16,230 | -20.0% |
| Fixed assets | 21/28 | €17,010 | €18,407 | +€1,397 | +8.2% |
| Tangible fixed assets | 22/27 | €16,590 | €17,987 | +€1,397 | +8.4% |
| Plant, machinery and equipment | 23 | €12,108 | €9,639 | -€2,469 | -20.4% |
| Furniture and vehicles | 24 | €2,922 | €1,948 | -€974 | -33.3% |
| Other tangible fixed assets | 26 | €1,560 | €6,400 | +€4,840 | +310% |
| Financial fixed assets | 28 | €420 | €420 | = | 0.0% |
| Current assets | 29/58 | €64,098 | €46,471 | -€17,627 | -27.5% |
| Stocks and contracts in progress | 3 | €3,561 | €3,648 | +€87 | +2.4% |
| Stocks | 30/36 | €3,561 | €3,648 | +€87 | +2.4% |
| Amounts receivable within one year | 40/41 | €6,834 | €10,737 | +€3,903 | +57.1% |
| Trade receivables | 40 | - | €2,357 | +€2,357 | |
| Other amounts receivable | 41 | €6,834 | €8,380 | +€1,546 | +22.6% |
| Cash at bank and in hand | 54/58 | €49,553 | €26,735 | -€22,818 | -46.0% |
| Deferred charges and accrued income | 490/1 | €4,150 | €5,351 | +€1,201 | +28.9% |
| Total equity and liabilities | 10/49 | €81,108 | €64,878 | -€16,230 | -20.0% |
| Equity | 10/15 | €56,410 | €50,977 | -€5,433 | -9.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €14,860 | €14,860 | = | 0.0% |
| 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 | €13,000 | €13,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,350 | €29,917 | -€5,433 | -15.4% |
| Amounts payable | 17/49 | €24,698 | €13,901 | -€10,797 | -43.7% |
| Amounts payable within one year | 42/48 | €24,698 | €13,901 | -€10,797 | -43.7% |
| Trade debts | 44 | €3,166 | €2,614 | -€552 | -17.4% |
| Suppliers | 440/4 | €3,166 | €2,614 | -€552 | -17.4% |
| Taxes, remuneration and social security | 45 | €13,517 | €11,287 | -€2,230 | -16.5% |
| Taxes | 450/3 | €6,103 | €6,423 | +€320 | +5.2% |
| Remuneration and social security | 454/9 | €7,414 | €4,864 | -€2,550 | -34.4% |
| Other amounts payable | 47/48 | €8,015 | - | -€8,015 | |
| Remuneration, social security and pensions | 62 | €56,737 | €42,865 | -€13,872 | -24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,017 | €3,820 | +€1,803 | +89.4% |
| Other operating charges | 640/8 | €3,478 | €3,139 | -€339 | -9.7% |
| Gross operating margin | 9900 | €54,089 | €46,425 | -€7,664 | -14.2% |
| Operating profit (loss) | 9901 | -€8,143 | -€3,399 | +€4,744 | +58.3% |
| Financial charges | 65/66B | €593 | €2,089 | +€1,496 | +252% |
| Recurring financial charges | 65 | €593 | €2,089 | +€1,496 | +252% |
| Profit (loss) for the period before taxes | 9903 | -€8,736 | -€5,488 | +€3,248 | +37.2% |
| Income taxes | 67/77 | €200 | -€55 | -€255 | |
| Profit (loss) for the period | 9904 | -€8,936 | -€5,433 | +€3,503 | +39.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,936 | -€5,433 | +€3,503 | +39.2% |
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 3 November 2026 via checked.be.