LORIBEL: 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.
LORIBEL
Largest movements
- Tangible fixed assets -€12,671
down €12,671 (-29.2%), from €43,419 to €30,748
of which Assets under construction and advance payments: -€12,558
- Receivables within one year -€12,649
down €12,649 (-52.1%), from €24,300 to €11,651
of which Trade receivables: -€13,614
- Cash -€5,398
down €5,398 (-5.7%), from €94,281 to €88,883
mainly Net result for the year (-€15,182) and Debts after one year (-€7,205)
- Stocks and contracts +€5,223
up €5,223 (+29.0%), from €18,013 to €23,237
- Profit (loss) carried forward -€15,182
down €15,182 (-71.6%), from €21,192 to €6,010
- Debts after one year -€7,205
down €7,205 (-27.0%), from €26,687 to €19,482
- Other debts -€3,000
down €3,000 (-48.2%), from €6,225 to €3,225
- Tax, wage and social debts +€2,365
up €2,365 (+10.9%), from €21,697 to €24,063
of which Taxes: +€2,453
- Trade debts -€2,224
down €2,224 (-9.9%), from €22,373 to €20,149
- Staff costs +€6,495
up €6,495 (+3.7%), from €176,772 to €183,267
- Write-downs -€2,056
new in 2025: -€2,056
- Gross operating margin -€2,029
down €2,029 (-1.1%), from €186,328 to €184,300
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 | €185,512 | €160,385 | -€25,127 | -13.5% |
| Fixed assets | 21/28 | €48,605 | €35,967 | -€12,638 | -26.0% |
| Tangible fixed assets | 22/27 | €43,419 | €30,748 | -€12,671 | -29.2% |
| Plant, machinery and equipment | 23 | - | €503 | +€503 | |
| Furniture and vehicles | 24 | €227 | €336 | +€110 | +48.3% |
| Other tangible fixed assets | 26 | €5,104 | €4,379 | -€726 | -14.2% |
| Assets under construction and advance payments | 27 | €38,088 | €25,530 | -€12,558 | -33.0% |
| Financial fixed assets | 28 | €5,186 | €5,219 | +€33 | +0.6% |
| Current assets | 29/58 | €136,907 | €124,419 | -€12,489 | -9.1% |
| Stocks and contracts in progress | 3 | €18,013 | €23,237 | +€5,223 | +29.0% |
| Stocks | 30/36 | €18,013 | €23,237 | +€5,223 | +29.0% |
| Amounts receivable within one year | 40/41 | €24,300 | €11,651 | -€12,649 | -52.1% |
| Trade receivables | 40 | €14,195 | €580 | -€13,614 | -95.9% |
| Other amounts receivable | 41 | €10,105 | €11,071 | +€966 | +9.6% |
| Cash at bank and in hand | 54/58 | €94,281 | €88,883 | -€5,398 | -5.7% |
| Deferred charges and accrued income | 490/1 | €313 | €648 | +€335 | +107% |
| Total equity and liabilities | 10/49 | €185,512 | €160,385 | -€25,127 | -13.5% |
| Equity | 10/15 | €101,444 | €86,262 | -€15,182 | -15.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €61,652 | €61,652 | = | 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 | €59,792 | €59,792 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,192 | €6,010 | -€15,182 | -71.6% |
| Amounts payable | 17/49 | €84,068 | €74,124 | -€9,945 | -11.8% |
| Amounts payable after more than one year | 17 | €26,687 | €19,482 | -€7,205 | -27.0% |
| Financial debts | 170/4 | €26,687 | €19,482 | -€7,205 | -27.0% |
| Amounts payable within one year | 42/48 | €57,381 | €54,641 | -€2,740 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €7,086 | €7,205 | +€119 | +1.7% |
| Trade debts | 44 | €22,373 | €20,149 | -€2,224 | -9.9% |
| Suppliers | 440/4 | €22,373 | €20,149 | -€2,224 | -9.9% |
| Taxes, remuneration and social security | 45 | €21,697 | €24,063 | +€2,365 | +10.9% |
| Taxes | 450/3 | €9,756 | €12,209 | +€2,453 | +25.1% |
| Remuneration and social security | 454/9 | €11,941 | €11,853 | -€88 | -0.7% |
| Other amounts payable | 47/48 | €6,225 | €3,225 | -€3,000 | -48.2% |
| Non-recurring operating income | 76A | €1,657 | - | -€1,657 | |
| Remuneration, social security and pensions | 62 | €176,772 | €183,267 | +€6,495 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,523 | €13,646 | +€123 | +0.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€2,056 | -€2,056 | |
| Other operating charges | 640/8 | €632 | €2,465 | +€1,833 | +290% |
| Gross operating margin | 9900 | €186,328 | €184,300 | -€2,029 | -1.1% |
| Operating profit (loss) | 9901 | -€4,598 | -€13,022 | -€8,424 | -183% |
| Financial income | 75/76B | €203 | €406 | +€203 | +99.6% |
| Recurring financial income | 75 | €203 | €406 | +€203 | +99.6% |
| Financial charges | 65/66B | €1,673 | €2,503 | +€830 | +49.6% |
| Recurring financial charges | 65 | €1,673 | €2,503 | +€830 | +49.6% |
| Profit (loss) for the period before taxes | 9903 | -€6,067 | -€15,119 | -€9,051 | -149% |
| Income taxes | 67/77 | €58 | €64 | +€6 | +9.8% |
| Profit (loss) for the period | 9904 | -€6,125 | -€15,182 | -€9,057 | -148% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,125 | -€15,182 | -€9,057 | -148% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.