LORESI: 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.
LORESI
Largest movements
- Cash -€65,911
down €65,911 (-48.3%), from €136,518 to €70,607
mainly Contributions, distributions and other (-€78,000) and Other debts (-€39,647)
- Tangible fixed assets -€12,158
down €12,158 (-24.6%), from €49,423 to €37,265
- Other debts -€39,647
down €39,647 (-33.7%), from €117,647 to €78,000
- Reserves -€37,701
down €37,701 (-40.7%), from €92,628 to €54,927
- Financial income -€29,400
down €29,400 (-100%), from €29,400 to €0
- Gross operating margin -€14,909
down €14,909 (-19.1%), from €78,171 to €63,263
- Taxes -€4,336
down €4,336 (-30.7%), from €14,106 to €9,770
- Depreciation +€2,000
up €2,000 (+19.7%), from €10,158 to €12,158
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 | €230,667 | €153,818 | -€76,848 | -33.3% |
| Fixed assets | 21/28 | €77,923 | €65,765 | -€12,158 | -15.6% |
| Tangible fixed assets | 22/27 | €49,423 | €37,265 | -€12,158 | -24.6% |
| Furniture and vehicles | 24 | €49,423 | €37,265 | -€12,158 | -24.6% |
| Financial fixed assets | 28 | €28,500 | €28,500 | = | 0.0% |
| Current assets | 29/58 | €152,743 | €88,053 | -€64,690 | -42.4% |
| Amounts receivable within one year | 40/41 | €16,003 | €15,395 | -€608 | -3.8% |
| Trade receivables | 40 | €15,878 | €12,395 | -€3,483 | -21.9% |
| Other amounts receivable | 41 | €126 | €3,000 | +€2,874 | +2,286% |
| Cash at bank and in hand | 54/58 | €136,518 | €70,607 | -€65,911 | -48.3% |
| Deferred charges and accrued income | 490/1 | €221 | €2,050 | +€1,829 | +826% |
| Total equity and liabilities | 10/49 | €230,667 | €153,818 | -€76,848 | -33.3% |
| Equity | 10/15 | €97,628 | €59,927 | -€37,701 | -38.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €92,628 | €54,927 | -€37,701 | -40.7% |
| Distributable reserves | 133 | €92,628 | €54,927 | -€37,701 | -40.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €133,039 | €93,891 | -€39,147 | -29.4% |
| Amounts payable within one year | 42/48 | €132,709 | €93,561 | -€39,147 | -29.5% |
| Trade debts | 44 | €1,636 | €1,948 | +€312 | +19.0% |
| Suppliers | 440/4 | €1,636 | €1,948 | +€312 | +19.0% |
| Taxes, remuneration and social security | 45 | €13,425 | €13,613 | +€188 | +1.4% |
| Taxes | 450/3 | €10,935 | €11,080 | +€145 | +1.3% |
| Remuneration and social security | 454/9 | €2,491 | €2,534 | +€43 | +1.7% |
| Other amounts payable | 47/48 | €117,647 | €78,000 | -€39,647 | -33.7% |
| Accrued charges and deferred income | 492/3 | €330 | €330 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,158 | €12,158 | +€2,000 | +19.7% |
| Other operating charges | 640/8 | €1,162 | €856 | -€307 | -26.4% |
| Gross operating margin | 9900 | €78,171 | €63,263 | -€14,909 | -19.1% |
| Operating profit (loss) | 9901 | €66,851 | €50,249 | -€16,602 | -24.8% |
| Financial income | 75/76B | €29,400 | €0 | -€29,400 | -100% |
| Recurring financial income | 75 | €29,400 | €0 | -€29,400 | -100% |
| Financial charges | 65/66B | €180 | €180 | = | 0.0% |
| Recurring financial charges | 65 | €180 | €180 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €96,071 | €50,069 | -€46,002 | -47.9% |
| Income taxes | 67/77 | €14,106 | €9,770 | -€4,336 | -30.7% |
| Profit (loss) for the period | 9904 | €81,965 | €40,299 | -€41,666 | -50.8% |
| Profit (loss) for the period to be appropriated | 9905 | €81,965 | €40,299 | -€41,666 | -50.8% |
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 25 October 2026 via checked.be.