LOURÃO: 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.
LOURÃO
Largest movements
- Tangible fixed assets -€53,584
down €53,584 (-9.8%), from €547,921 to €494,338
of which Furniture and vehicles: -€29,178
- Receivables within one year +€20,000
up €20,000 (+444.4%), from €4,500 to €24,500
of which Trade receivables: +€20,000
- Cash +€15,236
up €15,236 (+37.5%), from €40,654 to €55,889
mainly Depreciation (+€29,077) and Investment in fixed assets (net) (+€24,506)
- Other debts -€13,497
down €13,497 (-2.9%), from €461,446 to €447,949
- Gross operating margin +€12,067
up €12,067 (+58.4%), from €20,678 to €32,745
- Depreciation -€9,543
down €9,543 (-24.7%), from €38,620 to €29,077
- Other operating charges -€954
down €954 (-34.8%), from €2,746 to €1,792
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 | €593,075 | €574,727 | -€18,348 | -3.1% |
| Fixed assets | 21/28 | €547,921 | €494,338 | -€53,584 | -9.8% |
| Tangible fixed assets | 22/27 | €547,921 | €494,338 | -€53,584 | -9.8% |
| Land and buildings | 22 | €517,521 | €493,115 | -€24,406 | -4.7% |
| Furniture and vehicles | 24 | €30,401 | €1,223 | -€29,178 | -96.0% |
| Current assets | 29/58 | €45,154 | €80,389 | +€35,236 | +78.0% |
| Amounts receivable within one year | 40/41 | €4,500 | €24,500 | +€20,000 | +444.4% |
| Trade receivables | 40 | - | €20,000 | +€20,000 | |
| Other amounts receivable | 41 | €4,500 | €4,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €40,654 | €55,889 | +€15,236 | +37.5% |
| Total equity and liabilities | 10/49 | €593,075 | €574,727 | -€18,348 | -3.1% |
| Equity | 10/15 | €128,570 | €126,223 | -€2,347 | -1.8% |
| Contributions | 10/11 | €102,600 | €102,600 | = | 0.0% |
| Reserves | 13 | €139,963 | €139,963 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €138,103 | €138,103 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€113,993 | -€116,340 | -€2,347 | -2.1% |
| Amounts payable | 17/49 | €464,505 | €448,504 | -€16,001 | -3.4% |
| Amounts payable within one year | 42/48 | €464,505 | €448,504 | -€16,001 | -3.4% |
| Trade debts | 44 | €3,059 | €555 | -€2,504 | -81.8% |
| Suppliers | 440/4 | €3,059 | €555 | -€2,504 | -81.8% |
| Other amounts payable | 47/48 | €461,446 | €447,949 | -€13,497 | -2.9% |
| Non-recurring operating income | 76A | €5,000 | - | -€5,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,620 | €29,077 | -€9,543 | -24.7% |
| Other operating charges | 640/8 | €2,746 | €1,792 | -€954 | -34.8% |
| Non-recurring operating charges | 66A | - | €4,178 | +€4,178 | |
| Gross operating margin | 9900 | €20,678 | €32,745 | +€12,067 | +58.4% |
| Operating profit (loss) | 9901 | -€20,689 | -€2,302 | +€18,387 | +88.9% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€20,734 | -€2,347 | +€18,387 | +88.7% |
| Profit (loss) for the period | 9904 | -€20,734 | -€2,347 | +€18,387 | +88.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,734 | -€2,347 | +€18,387 | +88.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.