LORJAN: 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.
LORJAN
Largest movements
- Tangible fixed assets -€131,060
down €131,060 (-3.3%), from €4.0m to €3.8m
- Debts after one year -€188,650
down €188,650 (-6.4%), from €3.0m to €2.8m
- Profit (loss) carried forward +€104,145
up €104,145, from -€104,145 to €0
- Other debts -€97,423
down €97,423 (-31.1%), from €313,500 to €216,078
- Reserves +€59,339
new in 2025: €59,339
- Gross operating margin +€109,255
up €109,255 (+37.3%), from €292,621 to €401,876
- Taxes +€21,872
new in 2025: €21,872
- Financial charges -€9,668
down €9,668 (-14.6%), from €66,432 to €56,765
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 | €3,975,498 | €3,877,522 | -€97,976 | -2.5% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €3,952,781 | €3,821,721 | -€131,060 | -3.3% |
| Tangible fixed assets | 22/27 | €3,952,781 | €3,821,721 | -€131,060 | -3.3% |
| Land and buildings | 22 | €3,952,781 | €3,821,721 | -€131,060 | -3.3% |
| Current assets | 29/58 | €22,717 | €55,801 | +€33,084 | +145.6% |
| Amounts receivable within one year | 40/41 | - | €12,572 | +€12,572 | |
| Trade receivables | 40 | - | €2,293 | +€2,293 | |
| Other amounts receivable | 41 | - | €10,279 | +€10,279 | |
| Cash at bank and in hand | 54/58 | €22,717 | €42,845 | +€20,128 | +88.6% |
| Deferred charges and accrued income | 490/1 | - | €384 | +€384 | |
| Total equity and liabilities | 10/49 | €3,975,498 | €3,877,522 | -€97,976 | -2.5% |
| Equity | 10/15 | €508,855 | €672,339 | +€163,484 | +32.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Revaluation surpluses | 12 | €593,000 | €593,000 | = | 0.0% |
| Reserves | 13 | - | €59,339 | +€59,339 | |
| Distributable reserves | 133 | - | €59,339 | +€59,339 | |
| Profit (loss) carried forward | 14 | -€104,145 | €0 | +€104,145 | |
| Amounts payable | 17/49 | €3,466,643 | €3,205,183 | -€261,460 | -7.5% |
| Amounts payable after more than one year | 17 | €2,967,234 | €2,778,584 | -€188,650 | -6.4% |
| Financial debts | 170/4 | €2,967,234 | €2,778,584 | -€188,650 | -6.4% |
| Amounts payable within one year | 42/48 | €499,410 | €426,599 | -€72,810 | -14.6% |
| Current portion of amounts payable after more than one year | 42 | €185,910 | €188,650 | +€2,740 | +1.5% |
| Taxes, remuneration and social security | 45 | - | €21,872 | +€21,872 | |
| Taxes | 450/3 | - | €21,872 | +€21,872 | |
| Other amounts payable | 47/48 | €313,500 | €216,078 | -€97,423 | -31.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €131,296 | €131,060 | -€236 | -0.2% |
| Other operating charges | 640/8 | €28,815 | €28,696 | -€119 | -0.4% |
| Gross operating margin | 9900 | €292,621 | €401,876 | +€109,255 | +37.3% |
| Operating profit (loss) | 9901 | €132,510 | €242,120 | +€109,610 | +82.7% |
| Financial charges | 65/66B | €66,432 | €56,765 | -€9,668 | -14.6% |
| Recurring financial charges | 65 | €66,432 | €56,765 | -€9,668 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €66,078 | €185,356 | +€119,278 | +180.5% |
| Income taxes | 67/77 | - | €21,872 | +€21,872 | |
| Profit (loss) for the period | 9904 | €66,078 | €163,484 | +€97,406 | +147.4% |
| Profit (loss) for the period to be appropriated | 9905 | €66,078 | €163,484 | +€97,406 | +147.4% |
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 11 October 2026 via checked.be.