LORIAM: 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.
LORIAM
Largest movements
- Cash -€29,202
down €29,202 (-25.1%), from €116,291 to €87,089
mainly Debts after one year (-€34,203) and Investment in fixed assets (net) (-€27,776)
- Tangible fixed assets +€8,723
up €8,723 (+1.3%), from €680,051 to €688,774
of which Land and buildings: +€9,136
- Reserves +€67,329
up €67,329 (+117%), from €57,752 to €125,081
- Debts after one year -€34,203
down €34,203 (-7.2%), from €473,852 to €439,649
- Profit (loss) carried forward -€32,047
down €32,047 (-47.6%), from €67,329 to €35,282
- Other debts -€18,580
down €18,580 (-15.7%), from €118,580 to €100,000
- Gross operating margin -€40,063
down €40,063 (-33.0%), from €121,233 to €81,170
- Taxes -€7,842
down €7,842 (-46.6%), from €16,842 to €9,000
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 | €801,204 | €784,397 | -€16,807 | -2.1% |
| Fixed assets | 21/28 | €680,051 | €688,774 | +€8,723 | +1.3% |
| Tangible fixed assets | 22/27 | €680,051 | €688,774 | +€8,723 | +1.3% |
| Land and buildings | 22 | €679,500 | €688,636 | +€9,136 | +1.3% |
| Furniture and vehicles | 24 | €551 | €138 | -€413 | -75.0% |
| Current assets | 29/58 | €121,153 | €95,623 | -€25,530 | -21.1% |
| Amounts receivable within one year | 40/41 | €4,862 | €8,534 | +€3,672 | +75.5% |
| Other amounts receivable | 41 | €4,862 | €8,534 | +€3,672 | +75.5% |
| Cash at bank and in hand | 54/58 | €116,291 | €87,089 | -€29,202 | -25.1% |
| Total equity and liabilities | 10/49 | €801,204 | €784,397 | -€16,807 | -2.1% |
| Equity | 10/15 | €175,081 | €210,363 | +€35,282 | +20.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €57,752 | €125,081 | +€67,329 | +117% |
| Distributable reserves | 133 | €57,752 | €125,081 | +€67,329 | +117% |
| Profit (loss) carried forward | 14 | €67,329 | €35,282 | -€32,047 | -47.6% |
| Amounts payable | 17/49 | €626,123 | €574,034 | -€52,089 | -8.3% |
| Amounts payable after more than one year | 17 | €473,852 | €439,649 | -€34,203 | -7.2% |
| Financial debts | 170/4 | €473,852 | €439,649 | -€34,203 | -7.2% |
| Amounts payable within one year | 42/48 | €152,271 | €134,299 | -€17,972 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €33,250 | €34,203 | +€953 | +2.9% |
| Trade debts | 44 | €21 | €21 | = | 0.0% |
| Suppliers | 440/4 | €21 | €21 | = | 0.0% |
| Advances received on contracts in progress | 46 | €75 | €75 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €345 | - | -€345 | |
| Taxes | 450/3 | €345 | - | -€345 | |
| Other amounts payable | 47/48 | €118,580 | €100,000 | -€18,580 | -15.7% |
| Accrued charges and deferred income | 492/3 | - | €86 | +€86 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,413 | €19,053 | +€640 | +3.5% |
| Other operating charges | 640/8 | €3,567 | €3,679 | +€112 | +3.1% |
| Gross operating margin | 9900 | €121,233 | €81,170 | -€40,063 | -33.0% |
| Operating profit (loss) | 9901 | €99,253 | €58,438 | -€40,815 | -41.1% |
| Financial charges | 65/66B | €15,082 | €14,156 | -€926 | -6.1% |
| Recurring financial charges | 65 | €15,082 | €14,156 | -€926 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €84,171 | €44,282 | -€39,889 | -47.4% |
| Income taxes | 67/77 | €16,842 | €9,000 | -€7,842 | -46.6% |
| Profit (loss) for the period | 9904 | €67,329 | €35,282 | -€32,047 | -47.6% |
| Profit (loss) for the period to be appropriated | 9905 | €67,329 | €35,282 | -€32,047 | -47.6% |
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 14 October 2026 via checked.be.