LORMANE: 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.
LORMANE
Largest movements
- Receivables within one year -€42,990
down €42,990 (-58.1%), from €73,943 to €30,953
of which Trade receivables: -€55,958
- Current investments -€17,500
down €17,500 (-11.1%), from €158,100 to €140,600
- Cash +€12,637
up €12,637 (+8.4%), from €150,044 to €162,681
mainly Net result for the year (+€174,054) and Receivables within one year (+€42,990)
- Debts after one year -€85,944
down €85,944 (-17.8%), from €481,920 to €395,976
- Profit (loss) carried forward +€74,054
up €74,054 (+44.1%), from €167,894 to €241,948
- Advances received -€58,854
no longer reported in 2024 (was €58,854)
- Tax, wage and social debts +€23,491
up €23,491 (+47.6%), from €49,326 to €72,817
- Trade debts -€12,322
down €12,322 (-69.0%), from €17,862 to €5,540
- Turnover +€116,706
up €116,706 (+29.4%), from €397,614 to €514,320
- Purchases and services +€62,631
up €62,631 (+35.1%), from €178,422 to €241,054
- Gross operating margin +€54,074
up €54,074 (+24.7%), from €219,192 to €273,266
- Financial charges -€36,210
down €36,210 (-76.8%), from €47,170 to €10,959
- Taxes +€27,079
up €27,079 (+82.5%), from €32,805 to €59,884
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €995,595 | €945,208 | -€50,388 | -5.1% |
| Fixed assets | 21/28 | €611,101 | €608,972 | -€2,129 | -0.3% |
| Tangible fixed assets | 22/27 | €538,387 | €536,259 | -€2,129 | -0.4% |
| Land and buildings | 22 | €518,671 | €516,420 | -€2,251 | -0.4% |
| Furniture and vehicles | 24 | €17,879 | €18,387 | +€509 | +2.8% |
| Other tangible fixed assets | 26 | €1,838 | €1,451 | -€387 | -21.1% |
| Financial fixed assets | 28 | €72,713 | €72,713 | = | 0.0% |
| Current assets | 29/58 | €384,495 | €336,236 | -€48,259 | -12.6% |
| Amounts receivable within one year | 40/41 | €73,943 | €30,953 | -€42,990 | -58.1% |
| Trade receivables | 40 | €60,948 | €4,990 | -€55,958 | -91.8% |
| Other amounts receivable | 41 | €12,995 | €25,963 | +€12,968 | +99.8% |
| Current investments | 50/53 | €158,100 | €140,600 | -€17,500 | -11.1% |
| Cash at bank and in hand | 54/58 | €150,044 | €162,681 | +€12,637 | +8.4% |
| Deferred charges and accrued income | 490/1 | €2,408 | €2,002 | -€406 | -16.9% |
| Total equity and liabilities | 10/49 | €995,595 | €945,208 | -€50,388 | -5.1% |
| Equity | 10/15 | €250,394 | €324,448 | +€74,054 | +29.6% |
| Reserves | 13 | €82,500 | €82,500 | = | 0.0% |
| Distributable reserves | 133 | €82,500 | €82,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €167,894 | €241,948 | +€74,054 | +44.1% |
| Amounts payable | 17/49 | €745,201 | €620,760 | -€124,442 | -16.7% |
| Amounts payable after more than one year | 17 | €481,920 | €395,976 | -€85,944 | -17.8% |
| Financial debts | 170/4 | €481,920 | €395,976 | -€85,944 | -17.8% |
| Amounts payable within one year | 42/48 | €263,281 | €224,784 | -€38,497 | -14.6% |
| Current portion of amounts payable after more than one year | 42 | €60,740 | €61,427 | +€688 | +1.1% |
| Trade debts | 44 | €17,862 | €5,540 | -€12,322 | -69.0% |
| Suppliers | 440/4 | €17,862 | €5,540 | -€12,322 | -69.0% |
| Advances received on contracts in progress | 46 | €58,854 | - | -€58,854 | |
| Taxes, remuneration and social security | 45 | €49,326 | €72,817 | +€23,491 | +47.6% |
| Taxes | 450/3 | €49,326 | €72,817 | +€23,491 | +47.6% |
| Other amounts payable | 47/48 | €76,500 | €85,000 | +€8,500 | +11.1% |
| Turnover | 70 | €397,614 | €514,320 | +€116,706 | +29.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €178,422 | €241,054 | +€62,631 | +35.1% |
| Remuneration, social security and pensions | 62 | €1,520 | €1,520 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,455 | €23,975 | +€1,520 | +6.8% |
| Other operating charges | 640/8 | €7,695 | €8,693 | +€998 | +13.0% |
| Gross operating margin | 9900 | €219,192 | €273,266 | +€54,074 | +24.7% |
| Operating profit (loss) | 9901 | €187,522 | €239,077 | +€51,556 | +27.5% |
| Financial income | 75/76B | €1,006 | €5,820 | +€4,813 | +478.4% |
| Recurring financial income | 75 | €1,006 | €5,820 | +€4,813 | +478.4% |
| Financial charges | 65/66B | €47,170 | €10,959 | -€36,210 | -76.8% |
| Recurring financial charges | 65 | €47,170 | €10,959 | -€36,210 | -76.8% |
| Profit (loss) for the period before taxes | 9903 | €141,358 | €233,938 | +€92,580 | +65.5% |
| Income taxes | 67/77 | €32,805 | €59,884 | +€27,079 | +82.5% |
| Profit (loss) for the period | 9904 | €108,553 | €174,054 | +€65,501 | +60.3% |
| Profit (loss) for the period to be appropriated | 9905 | €108,553 | €174,054 | +€65,501 | +60.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.