LORRAINE: 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.
LORRAINE
Largest movements
- Tangible fixed assets +€7,500
up €7,500 (+3.0%), from €248,085 to €255,585
of which Land and buildings: +€14,158
- Stocks and contracts -€4,339
down €4,339 (-6.8%), from €63,423 to €59,084
- Deferred charges and accrued income -€3,432
down €3,432 (-61.0%), from €5,622 to €2,190
- Other debts +€30,827
up €30,827 (+27.3%), from €112,753 to €143,580
- Debts after one year -€16,603
down €16,603 (-13.5%), from €123,148 to €106,544
of which Financial debts: -€16,603
- Trade debts -€7,280
down €7,280 (-72.9%), from €9,982 to €2,703
- Profit (loss) carried forward -€6,060
down €6,060 (-6.0%), from -€100,666 to -€106,725
- Other operating charges +€9,869
up €9,869 (+124.0%), from €7,962 to €17,831
- Staff costs -€6,403
down €6,403 (-30.9%), from €20,704 to €14,301
- Gross operating margin +€4,121
up €4,121 (+14.4%), from €28,664 to €32,785
- Write-downs -€1,982
no longer reported in 2025 (was €1,982)
- Financial charges -€529
down €529 (-12.5%), from €4,244 to €3,715
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 | €326,830 | €328,029 | +€1,199 | +0.4% |
| Fixed assets | 21/28 | €250,742 | €258,242 | +€7,500 | +3.0% |
| Tangible fixed assets | 22/27 | €248,085 | €255,585 | +€7,500 | +3.0% |
| Land and buildings | 22 | €236,772 | €250,930 | +€14,158 | +6.0% |
| Plant, machinery and equipment | 23 | €4,255 | €4,655 | +€400 | +9.4% |
| Furniture and vehicles | 24 | €3,400 | - | -€3,400 | |
| Other tangible fixed assets | 26 | €3,658 | - | -€3,658 | |
| Financial fixed assets | 28 | €2,657 | €2,657 | = | 0.0% |
| Current assets | 29/58 | €76,088 | €69,787 | -€6,301 | -8.3% |
| Stocks and contracts in progress | 3 | €63,423 | €59,084 | -€4,339 | -6.8% |
| Stocks | 30/36 | €63,423 | €59,084 | -€4,339 | -6.8% |
| Amounts receivable within one year | 40/41 | €1,793 | €487 | -€1,306 | -72.9% |
| Trade receivables | 40 | €1,025 | - | -€1,025 | |
| Other amounts receivable | 41 | €768 | €487 | -€281 | -36.6% |
| Cash at bank and in hand | 54/58 | €5,250 | €8,026 | +€2,776 | +52.9% |
| Deferred charges and accrued income | 490/1 | €5,622 | €2,190 | -€3,432 | -61.0% |
| Total equity and liabilities | 10/49 | €326,830 | €328,029 | +€1,199 | +0.4% |
| Equity | 10/15 | €54,169 | €48,110 | -€6,060 | -11.2% |
| Contributions | 10/11 | €67,000 | €67,000 | = | 0.0% |
| Reserves | 13 | €87,835 | €87,835 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,437 | €7,437 | = | 0.0% |
| Distributable reserves | 133 | €80,398 | €80,398 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€100,666 | -€106,725 | -€6,060 | -6.0% |
| Amounts payable | 17/49 | €272,660 | €279,919 | +€7,259 | +2.7% |
| Amounts payable after more than one year | 17 | €123,148 | €106,544 | -€16,603 | -13.5% |
| Financial debts | 170/4 | €116,054 | €99,451 | -€16,603 | -14.3% |
| Other amounts payable | 178/9 | €7,094 | €7,094 | = | 0.0% |
| Amounts payable within one year | 42/48 | €149,512 | €173,375 | +€23,862 | +16.0% |
| Current portion of amounts payable after more than one year | 42 | €26,777 | €26,592 | -€186 | -0.7% |
| Trade debts | 44 | €9,982 | €2,703 | -€7,280 | -72.9% |
| Suppliers | 440/4 | €9,982 | €2,703 | -€7,280 | -72.9% |
| Taxes, remuneration and social security | 45 | - | €500 | +€500 | |
| Taxes | 450/3 | - | €500 | +€500 | |
| Other amounts payable | 47/48 | €112,753 | €143,580 | +€30,827 | +27.3% |
| Remuneration, social security and pensions | 62 | €20,704 | €14,301 | -€6,403 | -30.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,982 | - | -€1,982 | |
| Other operating charges | 640/8 | €7,962 | €17,831 | +€9,869 | +124.0% |
| Non-recurring operating charges | 66A | - | €3,000 | +€3,000 | |
| Gross operating margin | 9900 | €28,664 | €32,785 | +€4,121 | +14.4% |
| Operating profit (loss) | 9901 | -€1,984 | -€2,348 | -€364 | -18.3% |
| Financial income | 75/76B | €15 | €3 | -€12 | -78.6% |
| Recurring financial income | 75 | €15 | €3 | -€12 | -78.6% |
| Financial charges | 65/66B | €4,244 | €3,715 | -€529 | -12.5% |
| Recurring financial charges | 65 | €4,244 | €3,715 | -€529 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | -€6,213 | -€6,060 | +€154 | +2.5% |
| Profit (loss) for the period | 9904 | -€6,213 | -€6,060 | +€154 | +2.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,213 | -€6,060 | +€154 | +2.5% |
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 8 October 2026 via checked.be.