LORGOR: 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.
LORGOR
Largest movements
- Receivables within one year +€40,202
up €40,202 (+365.5%), from €10,998 to €51,200
of which Other amounts receivable: +€37,693
- Intangible fixed assets -€30,248
down €30,248 (-29.5%), from €102,638 to €72,389
- Tangible fixed assets -€16,848
down €16,848 (-12.3%), from €136,990 to €120,142
of which Land and buildings: -€8,912
- Profit (loss) carried forward +€63,948
up €63,948, from -€34,059 to €29,889
- Debts after one year -€59,214
down €59,214 (-34.4%), from €172,277 to €113,063
- Other debts -€16,075
down €16,075 (-41.3%), from €38,947 to €22,872
- Trade debts +€3,057
up €3,057, from €0 to €3,057
- Gross operating margin +€76,548
up €76,548 (+160.1%), from €47,819 to €124,366
- Depreciation -€6,008
down €6,008 (-10.6%), from €56,508 to €50,501
- Other operating charges -€3,650
down €3,650 (-57.9%), from €6,300 to €2,650
- Taxes -€3,200
no longer reported in 2025 (was €3,200)
- Financial charges -€1,582
down €1,582 (-17.7%), from €8,946 to €7,365
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 | €262,205 | €256,286 | -€5,919 | -2.3% |
| Fixed assets | 21/28 | €245,228 | €198,132 | -€47,096 | -19.2% |
| Intangible fixed assets | 21 | €102,638 | €72,389 | -€30,248 | -29.5% |
| Tangible fixed assets | 22/27 | €136,990 | €120,142 | -€16,848 | -12.3% |
| Land and buildings | 22 | €114,672 | €105,761 | -€8,912 | -7.8% |
| Plant, machinery and equipment | 23 | €4,639 | €2,777 | -€1,862 | -40.1% |
| Furniture and vehicles | 24 | €16,962 | €9,668 | -€7,294 | -43.0% |
| Other tangible fixed assets | 26 | €716 | €1,936 | +€1,220 | +170.2% |
| Financial fixed assets | 28 | €5,600 | €5,600 | = | 0.0% |
| Current assets | 29/58 | €16,978 | €58,154 | +€41,177 | +242.5% |
| Amounts receivable within one year | 40/41 | €10,998 | €51,200 | +€40,202 | +365.5% |
| Trade receivables | 40 | €10,991 | €13,500 | +€2,509 | +22.8% |
| Other amounts receivable | 41 | €7 | €37,700 | +€37,693 | +576350.6% |
| Cash at bank and in hand | 54/58 | €5,980 | €6,952 | +€972 | +16.3% |
| Deferred charges and accrued income | 490/1 | €0 | €3 | +€3 | |
| Total equity and liabilities | 10/49 | €262,205 | €256,286 | -€5,919 | -2.3% |
| Equity | 10/15 | -€29,059 | €34,889 | +€63,948 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,059 | €29,889 | +€63,948 | |
| Amounts payable | 17/49 | €291,264 | €221,397 | -€69,868 | -24.0% |
| Amounts payable after more than one year | 17 | €172,277 | €113,063 | -€59,214 | -34.4% |
| Financial debts | 170/4 | €172,277 | €113,063 | -€59,214 | -34.4% |
| Amounts payable within one year | 42/48 | €118,987 | €108,334 | -€10,654 | -9.0% |
| Current portion of amounts payable after more than one year | 42 | €60,256 | €61,573 | +€1,317 | +2.2% |
| Trade debts | 44 | €0 | €3,057 | +€3,057 | |
| Suppliers | 440/4 | - | €3,057 | +€3,057 | |
| Taxes, remuneration and social security | 45 | €19,785 | €20,832 | +€1,047 | +5.3% |
| Taxes | 450/3 | €19,785 | €20,832 | +€1,047 | +5.3% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €38,947 | €22,872 | -€16,075 | -41.3% |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,508 | €50,501 | -€6,008 | -10.6% |
| Other operating charges | 640/8 | €6,300 | €2,650 | -€3,650 | -57.9% |
| Gross operating margin | 9900 | €47,819 | €124,366 | +€76,548 | +160.1% |
| Operating profit (loss) | 9901 | -€14,990 | €71,216 | +€86,206 | |
| Financial income | 75/76B | €67 | €97 | +€30 | +44.9% |
| Recurring financial income | 75 | €67 | €97 | +€30 | +44.9% |
| Financial charges | 65/66B | €8,946 | €7,365 | -€1,582 | -17.7% |
| Recurring financial charges | 65 | €8,946 | €7,365 | -€1,582 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | -€23,869 | €63,948 | +€87,818 | |
| Income taxes | 67/77 | €3,200 | - | -€3,200 | |
| Profit (loss) for the period | 9904 | -€27,069 | €63,948 | +€91,018 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,069 | €63,948 | +€91,018 |
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 9 October 2026 via checked.be.