Loro: 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.
Loro
Largest movements
- Receivables within one year -€10,984
down €10,984 (-18.4%), from €59,540 to €48,556
of which Other amounts receivable: -€18,678
- Tangible fixed assets -€9,360
down €9,360 (-3.6%), from €256,583 to €247,223
of which Land and buildings: -€7,667
- Cash -€7,745
down €7,745 (-54.0%), from €14,338 to €6,593
mainly Contributions, distributions and other (-€69,357) and Debts after one year (-€12,243)
- Reserves -€34,445
down €34,445 (-74.1%), from €46,501 to €12,056
- Other debts +€26,854
up €26,854 (+79.3%), from €33,871 to €60,724
- Debts after one year -€12,243
down €12,243 (-6.8%), from €180,832 to €168,590
- Tax, wage and social debts -€5,723
down €5,723 (-28.5%), from €20,102 to €14,379
- Financial income -€817
down €817 (-50.0%), from €1,632 to €815
- Gross operating margin +€608
up €608 (+1.0%), from €59,709 to €60,317
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 | €331,277 | €302,372 | -€28,905 | -8.7% |
| Fixed assets | 21/28 | €256,583 | €247,223 | -€9,360 | -3.6% |
| Tangible fixed assets | 22/27 | €256,583 | €247,223 | -€9,360 | -3.6% |
| Land and buildings | 22 | €253,280 | €245,613 | -€7,667 | -3.0% |
| Plant, machinery and equipment | 23 | €3,303 | €1,610 | -€1,693 | -51.3% |
| Current assets | 29/58 | €74,695 | €55,149 | -€19,546 | -26.2% |
| Amounts receivable within one year | 40/41 | €59,540 | €48,556 | -€10,984 | -18.4% |
| Trade receivables | 40 | €39,743 | €47,437 | +€7,695 | +19.4% |
| Other amounts receivable | 41 | €19,797 | €1,119 | -€18,678 | -94.3% |
| Cash at bank and in hand | 54/58 | €14,338 | €6,593 | -€7,745 | -54.0% |
| Deferred charges and accrued income | 490/1 | €817 | - | -€817 | |
| Total equity and liabilities | 10/49 | €331,277 | €302,372 | -€28,905 | -8.7% |
| Equity | 10/15 | €74,729 | €39,469 | -€35,260 | -47.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €46,501 | €12,056 | -€34,445 | -74.1% |
| Distributable reserves | 133 | €46,501 | €12,056 | -€34,445 | -74.1% |
| Investment grants | 15 | €25,229 | €24,413 | -€815 | -3.2% |
| Amounts payable | 17/49 | €256,548 | €262,903 | +€6,355 | +2.5% |
| Amounts payable after more than one year | 17 | €180,832 | €168,590 | -€12,243 | -6.8% |
| Financial debts | 170/4 | €180,832 | €168,590 | -€12,243 | -6.8% |
| Amounts payable within one year | 42/48 | €75,512 | €94,301 | +€18,789 | +24.9% |
| Current portion of amounts payable after more than one year | 42 | €11,806 | €12,243 | +€437 | +3.7% |
| Trade debts | 44 | €9,734 | €6,955 | -€2,778 | -28.5% |
| Suppliers | 440/4 | €9,734 | €6,955 | -€2,778 | -28.5% |
| Taxes, remuneration and social security | 45 | €20,102 | €14,379 | -€5,723 | -28.5% |
| Taxes | 450/3 | €20,102 | €14,379 | -€5,723 | -28.5% |
| Other amounts payable | 47/48 | €33,871 | €60,724 | +€26,854 | +79.3% |
| Accrued charges and deferred income | 492/3 | €204 | €12 | -€192 | -93.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,585 | €9,360 | -€225 | -2.3% |
| Other operating charges | 640/8 | €450 | €505 | +€54 | +12.1% |
| Gross operating margin | 9900 | €59,709 | €60,317 | +€608 | +1.0% |
| Operating profit (loss) | 9901 | €49,674 | €50,453 | +€779 | +1.6% |
| Financial income | 75/76B | €1,632 | €815 | -€817 | -50.0% |
| Recurring financial income | 75 | €1,632 | €815 | -€817 | -50.0% |
| Financial charges | 65/66B | €7,753 | €7,229 | -€523 | -6.7% |
| Recurring financial charges | 65 | €7,753 | €7,229 | -€523 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €43,553 | €44,038 | +€485 | +1.1% |
| Income taxes | 67/77 | €9,683 | €9,941 | +€259 | +2.7% |
| Profit (loss) for the period | 9904 | €33,871 | €34,097 | +€226 | +0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €33,871 | €34,097 | +€226 | +0.7% |
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 30 September 2026 via checked.be.