LORNOY: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
LORNOY
Largest movements
- Cash -€249,111
down €249,111 (-60.7%), from €410,292 to €161,181
mainly Other debts (-€227,013) and Investment in fixed assets (net) (-€162,500)
- Financial fixed assets +€162,500
up €162,500 (+81.3%), from €200,000 to €362,500
- Tangible fixed assets -€37,543
down €37,543 (-14.8%), from €253,471 to €215,928
of which Land and buildings: -€23,002
- Receivables after one year -€26,503
down €26,503 (-13.7%), from €193,169 to €166,665
- Other debts -€227,013
down €227,013 (-95.8%), from €237,041 to €10,027
- Profit (loss) carried forward +€54,589
up €54,589 (+9,482%), from €576 to €55,165
- Debts after one year +€37,284
up €37,284 (+18.6%), from €200,074 to €237,359
- Reserves -€13,616
down €13,616 (-2.3%), from €603,571 to €589,954
of which Tax-exempt reserves: -€13,616
- Tax, wage and social debts -€13,232
down €13,232 (-36.8%), from €35,946 to €22,714
- Financial charges +€34,319
up €34,319 (+190%), from €18,053 to €52,372
of which Non-recurring financial charges: +€34,029
- Gross operating margin +€20,419
up €20,419 (+16.5%), from €123,460 to €143,879
- Taxes -€8,755
down €8,755 (-27.5%), from €31,819 to €23,064
- Financial income -€4,657
down €4,657 (-41.1%), from €11,326 to €6,668
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,285,831 | €1,121,582 | -€164,249 | -12.8% |
| Fixed assets | 21/28 | €453,471 | €578,428 | +€124,957 | +27.6% |
| Tangible fixed assets | 22/27 | €253,471 | €215,928 | -€37,543 | -14.8% |
| Land and buildings | 22 | €217,705 | €194,703 | -€23,002 | -10.6% |
| Plant, machinery and equipment | 23 | €6,021 | €4,516 | -€1,505 | -25.0% |
| Furniture and vehicles | 24 | €29,745 | €16,709 | -€13,036 | -43.8% |
| Financial fixed assets | 28 | €200,000 | €362,500 | +€162,500 | +81.3% |
| Current assets | 29/58 | €832,361 | €543,154 | -€289,206 | -34.7% |
| Amounts receivable after more than one year | 29 | €193,169 | €166,665 | -€26,503 | -13.7% |
| Other amounts receivable | 291 | €193,169 | €166,665 | -€26,503 | -13.7% |
| Amounts receivable within one year | 40/41 | €60,835 | €48,039 | -€12,797 | -21.0% |
| Trade receivables | 40 | €47,122 | €45,905 | -€1,218 | -2.6% |
| Other amounts receivable | 41 | €13,713 | €2,134 | -€11,579 | -84.4% |
| Current investments | 50/53 | €165,000 | €165,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €410,292 | €161,181 | -€249,111 | -60.7% |
| Deferred charges and accrued income | 490/1 | €3,065 | €2,269 | -€796 | -26.0% |
| Total equity and liabilities | 10/49 | €1,285,831 | €1,121,582 | -€164,249 | -12.8% |
| Equity | 10/15 | €748,146 | €789,119 | +€40,973 | +5.5% |
| Contributions | 10/11 | €144,000 | €144,000 | = | 0.0% |
| Reserves | 13 | €603,571 | €589,954 | -€13,616 | -2.3% |
| Non-distributable reserves | 130/1 | €165,000 | €165,000 | = | 0.0% |
| Own shares acquired | 1312 | €165,000 | €165,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €143,283 | €129,667 | -€13,616 | -9.5% |
| Distributable reserves | 133 | €295,287 | €295,287 | = | 0.0% |
| Profit (loss) carried forward | 14 | €576 | €55,165 | +€54,589 | +9,482% |
| Provisions and deferred taxes | 16 | €35,821 | €32,417 | -€3,404 | -9.5% |
| Deferred taxes | 168 | €35,821 | €32,417 | -€3,404 | -9.5% |
| Amounts payable | 17/49 | €501,864 | €300,046 | -€201,818 | -40.2% |
| Amounts payable after more than one year | 17 | €200,074 | €237,359 | +€37,284 | +18.6% |
| Financial debts | 170/4 | €200,074 | €237,359 | +€37,284 | +18.6% |
| Amounts payable within one year | 42/48 | €294,324 | €50,289 | -€244,034 | -82.9% |
| Financial debts | 43 | €12,520 | €12,716 | +€196 | +1.6% |
| Credit institutions | 430/8 | €12,520 | €12,716 | +€196 | +1.6% |
| Trade debts | 44 | €8,816 | €4,832 | -€3,985 | -45.2% |
| Suppliers | 440/4 | €8,816 | €4,832 | -€3,985 | -45.2% |
| Taxes, remuneration and social security | 45 | €35,946 | €22,714 | -€13,232 | -36.8% |
| Taxes | 450/3 | €35,946 | €22,714 | -€13,232 | -36.8% |
| Other amounts payable | 47/48 | €237,041 | €10,027 | -€227,013 | -95.8% |
| Accrued charges and deferred income | 492/3 | €7,466 | €12,398 | +€4,932 | +66.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,543 | €37,543 | = | 0.0% |
| Other operating charges | 640/8 | €163 | - | -€163 | |
| Non-recurring operating charges | 66A | €264 | - | -€264 | |
| Gross operating margin | 9900 | €123,460 | €143,879 | +€20,419 | +16.5% |
| Operating profit (loss) | 9901 | €85,490 | €106,336 | +€20,846 | +24.4% |
| Financial income | 75/76B | €11,326 | €6,668 | -€4,657 | -41.1% |
| Recurring financial income | 75 | €11,326 | €6,668 | -€4,657 | -41.1% |
| Financial charges | 65/66B | €18,053 | €52,372 | +€34,319 | +190% |
| Recurring financial charges | 65 | €18,053 | €18,343 | +€290 | +1.6% |
| Non-recurring financial charges | 66B | - | €34,029 | +€34,029 | |
| Profit (loss) for the period before taxes | 9903 | €78,763 | €60,633 | -€18,130 | -23.0% |
| Transfer from deferred taxes | 780 | €3,404 | €3,404 | = | 0.0% |
| Income taxes | 67/77 | €31,819 | €23,064 | -€8,755 | -27.5% |
| Profit (loss) for the period | 9904 | €50,348 | €40,973 | -€9,375 | -18.6% |
| Transfer from tax-exempt reserves | 789 | €13,616 | €13,616 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €63,964 | €54,589 | -€9,375 | -14.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.