LORINE: 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.
LORINE
Largest movements
- Tangible fixed assets +€46,590
new in 2025: €46,590
- Receivables within one year +€23,962
up €23,962 (+3771.2%), from €635 to €24,597
of which Other amounts receivable: +€24,026
- Cash -€3,800
down €3,800 (-21.8%), from €17,409 to €13,609
mainly Investment in fixed assets (net) (-€49,042) and Receivables within one year (-€23,962)
- Stocks and contracts +€3,549
up €3,549 (+131.5%), from €2,700 to €6,249
- Debts after one year +€37,462
new in 2025: €37,462
- Profit (loss) carried forward +€14,726
up €14,726 (+486.6%), from €3,026 to €17,752
- Tax, wage and social debts +€9,438
up €9,438 (+129.6%), from €7,285 to €16,723
of which Remuneration and social security: +€5,167
- Current portion of long-term debt +€8,676
new in 2025: €8,676
- Gross operating margin +€52,944
up €52,944 (+334.3%), from €15,839 to €68,783
- Staff costs +€36,085
up €36,085 (+309.1%), from €11,673 to €47,758
- Turnover +€35,998
up €35,998 (+16.0%), from €224,803 to €260,801
- Purchases and services -€4,991
down €4,991 (-2.3%), from €216,338 to €211,347
- Taxes +€2,927
up €2,927 (+386.8%), from €757 to €3,683
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 | €20,744 | €91,045 | +€70,301 | +338.9% |
| Fixed assets | 21/28 | - | €46,590 | +€46,590 | |
| Tangible fixed assets | 22/27 | - | €46,590 | +€46,590 | |
| Furniture and vehicles | 24 | - | €46,590 | +€46,590 | |
| Current assets | 29/58 | €20,744 | €44,455 | +€23,711 | +114.3% |
| Stocks and contracts in progress | 3 | €2,700 | €6,249 | +€3,549 | +131.5% |
| Stocks | 30/36 | €2,700 | €6,249 | +€3,549 | +131.5% |
| Amounts receivable within one year | 40/41 | €635 | €24,597 | +€23,962 | +3771.2% |
| Trade receivables | 40 | €163 | €98 | -€64 | -39.4% |
| Other amounts receivable | 41 | €473 | €24,499 | +€24,026 | +5081.4% |
| Cash at bank and in hand | 54/58 | €17,409 | €13,609 | -€3,800 | -21.8% |
| Total equity and liabilities | 10/49 | €20,744 | €91,045 | +€70,301 | +338.9% |
| Equity | 10/15 | €13,026 | €27,752 | +€14,726 | +113.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,026 | €17,752 | +€14,726 | +486.6% |
| Amounts payable | 17/49 | €7,718 | €63,292 | +€55,575 | +720.1% |
| Amounts payable after more than one year | 17 | - | €37,462 | +€37,462 | |
| Financial debts | 170/4 | - | €37,462 | +€37,462 | |
| Amounts payable within one year | 42/48 | €7,718 | €25,830 | +€18,113 | +234.7% |
| Current portion of amounts payable after more than one year | 42 | - | €8,676 | +€8,676 | |
| Trade debts | 44 | €426 | €431 | +€5 | +1.2% |
| Suppliers | 440/4 | €426 | €431 | +€5 | +1.2% |
| Taxes, remuneration and social security | 45 | €7,285 | €16,723 | +€9,438 | +129.6% |
| Taxes | 450/3 | €756 | €5,027 | +€4,271 | +564.9% |
| Remuneration and social security | 454/9 | €6,529 | €11,696 | +€5,167 | +79.1% |
| Other amounts payable | 47/48 | €7 | - | -€7 | |
| Turnover | 70 | €224,803 | €260,801 | +€35,998 | +16.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €216,338 | €211,347 | -€4,991 | -2.3% |
| Remuneration, social security and pensions | 62 | €11,673 | €47,758 | +€36,085 | +309.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,452 | +€2,452 | |
| Other operating charges | 640/8 | €145 | €420 | +€275 | +189.8% |
| Gross operating margin | 9900 | €15,839 | €68,783 | +€52,944 | +334.3% |
| Operating profit (loss) | 9901 | €4,021 | €18,153 | +€14,132 | +351.4% |
| Financial income | 75/76B | €4 | €822 | +€818 | +20050.5% |
| Recurring financial income | 75 | €4 | €822 | +€818 | +20050.5% |
| Financial charges | 65/66B | €243 | €566 | +€323 | +133.2% |
| Recurring financial charges | 65 | €243 | €566 | +€323 | +133.2% |
| Profit (loss) for the period before taxes | 9903 | €3,783 | €18,409 | +€14,627 | +386.7% |
| Income taxes | 67/77 | €757 | €3,683 | +€2,927 | +386.8% |
| Profit (loss) for the period | 9904 | €3,026 | €14,726 | +€11,700 | +386.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,026 | €14,726 | +€11,700 | +386.6% |
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 6 October 2026 via checked.be.