LORETO: 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.
LORETO
Largest movements
- Cash +€19,969
up €19,969 (+16.4%), from €121,445 to €141,414
mainly Net result for the year (+€30,198) and Other debts (+€9,829)
- Tangible fixed assets +€7,342
up €7,342 (+25.2%), from €29,159 to €36,501
of which Land and buildings: +€4,069
- Receivables within one year -€2,547
down €2,547 (-61.7%), from €4,130 to €1,583
of which Trade receivables: -€1,363
- Reserves +€18,198
up €18,198 (+32.0%), from €56,812 to €75,010
- Other debts +€9,829
up €9,829 (+30.5%), from €32,194 to €42,023
- Trade debts -€3,345
down €3,345 (-32.8%), from €10,213 to €6,867
- Gross operating margin +€5,117
up €5,117 (+7.7%), from €66,883 to €72,000
- Other operating charges -€3,667
down €3,667 (-19.3%), from €18,969 to €15,302
- Depreciation -€1,206
down €1,206 (-15.2%), from €7,942 to €6,736
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 | €164,925 | €191,024 | +€26,099 | +15.8% |
| Fixed assets | 21/28 | €29,159 | €36,501 | +€7,342 | +25.2% |
| Tangible fixed assets | 22/27 | €29,159 | €36,501 | +€7,342 | +25.2% |
| Land and buildings | 22 | €27,096 | €31,165 | +€4,069 | +15.0% |
| Plant, machinery and equipment | 23 | €368 | €4,038 | +€3,669 | +996.1% |
| Furniture and vehicles | 24 | €1,694 | €1,298 | -€396 | -23.4% |
| Current assets | 29/58 | €135,766 | €154,523 | +€18,757 | +13.8% |
| Stocks and contracts in progress | 3 | €3,500 | €3,500 | = | 0.0% |
| Stocks | 30/36 | €3,500 | €3,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,130 | €1,583 | -€2,547 | -61.7% |
| Trade receivables | 40 | €2,860 | €1,497 | -€1,363 | -47.7% |
| Other amounts receivable | 41 | €1,271 | €86 | -€1,184 | -93.2% |
| Cash at bank and in hand | 54/58 | €121,445 | €141,414 | +€19,969 | +16.4% |
| Deferred charges and accrued income | 490/1 | €6,691 | €8,025 | +€1,335 | +20.0% |
| Total equity and liabilities | 10/49 | €164,925 | €191,024 | +€26,099 | +15.8% |
| Equity | 10/15 | €114,492 | €132,690 | +€18,198 | +15.9% |
| Contributions | 10/11 | €116,100 | €116,100 | = | 0.0% |
| Reserves | 13 | €56,812 | €75,010 | +€18,198 | +32.0% |
| Distributable reserves | 133 | €56,812 | €75,010 | +€18,198 | +32.0% |
| Profit (loss) carried forward | 14 | -€58,420 | -€58,420 | = | 0.0% |
| Amounts payable | 17/49 | €50,433 | €58,333 | +€7,900 | +15.7% |
| Amounts payable within one year | 42/48 | €50,433 | €57,232 | +€6,799 | +13.5% |
| Trade debts | 44 | €10,213 | €6,867 | -€3,345 | -32.8% |
| Suppliers | 440/4 | €10,213 | €6,867 | -€3,345 | -32.8% |
| Advances received on contracts in progress | 46 | - | €559 | +€559 | |
| Taxes, remuneration and social security | 45 | €8,026 | €7,782 | -€244 | -3.0% |
| Taxes | 450/3 | €4,416 | €5,151 | +€735 | +16.6% |
| Remuneration and social security | 454/9 | €3,610 | €2,632 | -€979 | -27.1% |
| Other amounts payable | 47/48 | €32,194 | €42,023 | +€9,829 | +30.5% |
| Accrued charges and deferred income | 492/3 | - | €1,101 | +€1,101 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €13,648 | €13,261 | -€387 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,942 | €6,736 | -€1,206 | -15.2% |
| Other operating charges | 640/8 | €18,969 | €15,302 | -€3,667 | -19.3% |
| Gross operating margin | 9900 | €66,883 | €72,000 | +€5,117 | +7.7% |
| Operating profit (loss) | 9901 | €26,324 | €36,701 | +€10,377 | +39.4% |
| Financial income | 75/76B | €1,192 | €1,325 | +€133 | +11.1% |
| Recurring financial income | 75 | €1,192 | €1,325 | +€133 | +11.1% |
| Financial charges | 65/66B | €4,938 | €4,916 | -€22 | -0.4% |
| Recurring financial charges | 65 | €4,938 | €4,916 | -€22 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €22,578 | €33,110 | +€10,531 | +46.6% |
| Income taxes | 67/77 | €2,483 | €2,911 | +€429 | +17.3% |
| Profit (loss) for the period | 9904 | €20,096 | €30,198 | +€10,103 | +50.3% |
| Profit (loss) for the period to be appropriated | 9905 | €20,096 | €30,198 | +€10,103 | +50.3% |
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 2 October 2026 via checked.be.