LORNA: 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.
LORNA
Largest movements
- Receivables within one year +€1.1m
up €1.1m (+482%), from €232,616 to €1.4m
of which Other amounts receivable: +€1.1m
- Cash +€136,483
up €136,483 (+27.2%), from €501,614 to €638,096
mainly Net result for the year (+€1.4m) and Tax, wage and social debts (+€139,442)
- Reserves +€1.4m
up €1.4m (+7,836%), from €17,625 to €1.4m
- Other debts -€174,652
down €174,652 (-99.5%), from €175,579 to €927
- Tax, wage and social debts +€139,442
up €139,442 (+392%), from €35,571 to €175,013
of which Taxes: +€138,642
- Debts after one year -€99,348
down €99,348 (-85.6%), from €116,026 to €16,678
- Financial income +€1.4m
up €1.4m (+993%), from €142,183 to €1.6m
- Taxes +€138,134
up €138,134 (+35,403%), from €390 to €138,524
- Other operating charges +€20,273
up €20,273 (+1,799%), from €1,127 to €21,399
- Financial charges -€14,089
down €14,089 (-67.8%), from €20,786 to €6,697
- Gross operating margin +€2,576
up €2,576 (+70.2%), from -€3,667 to -€1,091
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 | €2,858,065 | €4,103,003 | +€1.2m | +43.6% |
| Fixed assets | 21/28 | €2,098,101 | €2,095,643 | -€2,458 | -0.1% |
| Tangible fixed assets | 22/27 | €15,520 | €13,063 | -€2,458 | -15.8% |
| Land and buildings | 22 | €5,335 | €4,746 | -€590 | -11.1% |
| Furniture and vehicles | 24 | €10,185 | €8,317 | -€1,868 | -18.3% |
| Financial fixed assets | 28 | €2,082,581 | €2,082,581 | = | 0.0% |
| Current assets | 29/58 | €759,964 | €2,007,360 | +€1.2m | +164% |
| Amounts receivable within one year | 40/41 | €232,616 | €1,353,010 | +€1.1m | +482% |
| Trade receivables | 40 | €24,729 | €4,678 | -€20,051 | -81.1% |
| Other amounts receivable | 41 | €207,887 | €1,348,332 | +€1.1m | +549% |
| Cash at bank and in hand | 54/58 | €501,614 | €638,096 | +€136,483 | +27.2% |
| Deferred charges and accrued income | 490/1 | €25,734 | €16,253 | -€9,481 | -36.8% |
| Total equity and liabilities | 10/49 | €2,858,065 | €4,103,003 | +€1.2m | +43.6% |
| Equity | 10/15 | €2,429,377 | €3,810,387 | +€1.4m | +56.8% |
| Contributions | 10/11 | €29,840 | €29,840 | = | 0.0% |
| Reserves | 13 | €17,625 | €1,398,635 | +€1.4m | +7,836% |
| Distributable reserves | 133 | €17,625 | €1,398,635 | +€1.4m | +7,836% |
| Profit (loss) carried forward | 14 | €2,381,912 | €2,381,912 | = | 0.0% |
| Amounts payable | 17/49 | €428,688 | €292,616 | -€136,072 | -31.7% |
| Amounts payable after more than one year | 17 | €116,026 | €16,678 | -€99,348 | -85.6% |
| Financial debts | 170/4 | €116,026 | €16,678 | -€99,348 | -85.6% |
| Amounts payable within one year | 42/48 | €312,662 | €275,906 | -€36,757 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €98,127 | €99,348 | +€1,221 | +1.2% |
| Trade debts | 44 | €3,385 | €617 | -€2,768 | -81.8% |
| Suppliers | 440/4 | €3,385 | €617 | -€2,768 | -81.8% |
| Taxes, remuneration and social security | 45 | €35,571 | €175,013 | +€139,442 | +392% |
| Taxes | 450/3 | €35,571 | €174,213 | +€138,642 | +390% |
| Remuneration and social security | 454/9 | - | €800 | +€800 | |
| Other amounts payable | 47/48 | €175,579 | €927 | -€174,652 | -99.5% |
| Accrued charges and deferred income | 492/3 | - | €33 | +€33 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,940 | €4,743 | +€803 | +20.4% |
| Other operating charges | 640/8 | €1,127 | €21,399 | +€20,273 | +1,799% |
| Gross operating margin | 9900 | -€3,667 | -€1,091 | +€2,576 | +70.2% |
| Operating profit (loss) | 9901 | -€8,733 | -€27,233 | -€18,500 | -212% |
| Financial income | 75/76B | €142,183 | €1,553,464 | +€1.4m | +993% |
| Recurring financial income | 75 | €142,183 | €1,553,464 | +€1.4m | +993% |
| Financial charges | 65/66B | €20,786 | €6,697 | -€14,089 | -67.8% |
| Recurring financial charges | 65 | €20,786 | €6,697 | -€14,089 | -67.8% |
| Profit (loss) for the period before taxes | 9903 | €112,664 | €1,519,534 | +€1.4m | +1,249% |
| Income taxes | 67/77 | €390 | €138,524 | +€138,134 | +35,403% |
| Profit (loss) for the period | 9904 | €112,274 | €1,381,010 | +€1.3m | +1,130% |
| Profit (loss) for the period to be appropriated | 9905 | €112,274 | €1,381,010 | +€1.3m | +1,130% |
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.