LOROFRA: 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.
LOROFRA
Largest movements
- Tangible fixed assets -€16,917
down €16,917 (-24.7%), from €68,587 to €51,670
of which Furniture and vehicles: -€19,003
- Cash -€11,016
down €11,016 (-22.5%), from €49,064 to €38,048
mainly Tax, wage and social debts (-€21,104) and Net result for the year (-€15,438)
- Tax, wage and social debts -€21,104
down €21,104 (-72.3%), from €29,197 to €8,093
- Profit (loss) carried forward -€15,438
down €15,438 (-14.8%), from €104,609 to €89,171
- Other debts +€8,174
up €8,174 (+165%), from €4,946 to €13,120
- Current portion of long-term debt -€3,609
down €3,609 (-100%), from €3,609 to €0
- Trade debts +€2,068
up €2,068 (+28.8%), from €7,185 to €9,254
- Gross operating margin -€16,963
down €16,963 (-62.1%), from €27,316 to €10,352
- Depreciation -€4,894
down €4,894 (-17.4%), from €28,078 to €23,183
- Taxes -€3,791
down €3,791 (-80.3%), from €4,722 to €932
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 | €156,689 | €126,778 | -€29,911 | -19.1% |
| Fixed assets | 21/28 | €68,587 | €51,670 | -€16,917 | -24.7% |
| Tangible fixed assets | 22/27 | €68,587 | €51,670 | -€16,917 | -24.7% |
| Land and buildings | 22 | €1,614 | €7,584 | +€5,970 | +370% |
| Plant, machinery and equipment | 23 | €12,408 | €8,955 | -€3,454 | -27.8% |
| Furniture and vehicles | 24 | €52,817 | €33,814 | -€19,003 | -36.0% |
| Other tangible fixed assets | 26 | €1,748 | €1,317 | -€431 | -24.6% |
| Current assets | 29/58 | €88,102 | €75,108 | -€12,994 | -14.7% |
| Amounts receivable within one year | 40/41 | €36,953 | €36,533 | -€420 | -1.1% |
| Trade receivables | 40 | €26,675 | €27,187 | +€512 | +1.9% |
| Other amounts receivable | 41 | €10,278 | €9,346 | -€932 | -9.1% |
| Cash at bank and in hand | 54/58 | €49,064 | €38,048 | -€11,016 | -22.5% |
| Deferred charges and accrued income | 490/1 | €2,085 | €527 | -€1,557 | -74.7% |
| Total equity and liabilities | 10/49 | €156,689 | €126,778 | -€29,911 | -19.1% |
| Equity | 10/15 | €111,735 | €96,297 | -€15,438 | -13.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €925 | €925 | = | 0.0% |
| Non-distributable reserves | 130/1 | €925 | €925 | = | 0.0% |
| Reserves not available under the articles | 1311 | €925 | €925 | = | 0.0% |
| Profit (loss) carried forward | 14 | €104,609 | €89,171 | -€15,438 | -14.8% |
| Amounts payable | 17/49 | €44,954 | €30,481 | -€14,473 | -32.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €44,938 | €30,467 | -€14,470 | -32.2% |
| Current portion of amounts payable after more than one year | 42 | €3,609 | €0 | -€3,609 | -100% |
| Trade debts | 44 | €7,185 | €9,254 | +€2,068 | +28.8% |
| Suppliers | 440/4 | €7,185 | €9,254 | +€2,068 | +28.8% |
| Taxes, remuneration and social security | 45 | €29,197 | €8,093 | -€21,104 | -72.3% |
| Taxes | 450/3 | €29,197 | €8,093 | -€21,104 | -72.3% |
| Other amounts payable | 47/48 | €4,946 | €13,120 | +€8,174 | +165% |
| Accrued charges and deferred income | 492/3 | €17 | €14 | -€3 | -15.9% |
| Non-recurring operating income | 76A | €0 | €3,724 | +€3,724 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,078 | €23,183 | -€4,894 | -17.4% |
| Other operating charges | 640/8 | €1,526 | €1,502 | -€24 | -1.6% |
| Gross operating margin | 9900 | €27,316 | €10,352 | -€16,963 | -62.1% |
| Operating profit (loss) | 9901 | -€2,288 | -€14,333 | -€12,045 | -526% |
| Financial income | 75/76B | €25 | €78 | +€54 | +218% |
| Recurring financial income | 75 | €25 | €78 | +€54 | +218% |
| Financial charges | 65/66B | €310 | €251 | -€59 | -18.9% |
| Recurring financial charges | 65 | €310 | €251 | -€59 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | -€2,573 | -€14,506 | -€11,933 | -464% |
| Income taxes | 67/77 | €4,722 | €932 | -€3,791 | -80.3% |
| Profit (loss) for the period | 9904 | -€7,296 | -€15,438 | -€8,142 | -112% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,296 | -€15,438 | -€8,142 | -112% |
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 18 October 2026 via checked.be.