Lourdon: 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.
Lourdon
Largest movements
- Tangible fixed assets -€86,488
down €86,488 (-19.4%), from €446,307 to €359,820
- Cash -€51,146
down €51,146 (-38.4%), from €133,145 to €81,999
- Receivables within one year +€42,329
up €42,329 (+257%), from €16,491 to €58,819
of which Other amounts receivable: +€49,109
- Deferred charges and accrued income -€6,350
down €6,350 (-100%), from €6,350 to €0
- Debts after one year -€68,355
down €68,355 (-30.7%), from €222,813 to €154,458
- Other debts -€15,074
down €15,074 (-23.0%), from €65,432 to €50,358
- Tax, wage and social debts -€14,328
down €14,328 (-26.3%), from €54,483 to €40,155
of which Taxes: -€14,155
- Reserves +€7,476
up €7,476 (+4.9%), from €152,117 to €159,593
of which Distributable reserves: +€10,451
- Trade debts -€7,229
down €7,229 (-24.8%), from €29,141 to €21,912
- Staff costs +€94,180
up €94,180 (+59.0%), from €159,718 to €253,899
- Gross operating margin +€78,932
up €78,932 (+26.0%), from €304,018 to €382,950
- Depreciation +€39,682
up €39,682 (+66.0%), from €60,136 to €99,818
- Taxes -€10,256
down €10,256 (-64.1%), from €15,990 to €5,734
- Financial charges +€7,427
up €7,427 (+108%), from €6,881 to €14,308
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €613,890 | €513,081 | -€100,808 | -16.4% |
| Fixed assets | 21/28 | €446,307 | €359,820 | -€86,488 | -19.4% |
| Tangible fixed assets | 22/27 | €446,307 | €359,820 | -€86,488 | -19.4% |
| Land and buildings | 22 | €202,559 | €170,624 | -€31,934 | -15.8% |
| Plant, machinery and equipment | 23 | €141,813 | €109,850 | -€31,963 | -22.5% |
| Furniture and vehicles | 24 | €101,935 | €79,345 | -€22,590 | -22.2% |
| Current assets | 29/58 | €167,582 | €153,262 | -€14,321 | -8.5% |
| Stocks and contracts in progress | 3 | €11,596 | €12,444 | +€848 | +7.3% |
| Stocks | 30/36 | €11,596 | €12,444 | +€848 | +7.3% |
| Amounts receivable within one year | 40/41 | €16,491 | €58,819 | +€42,329 | +257% |
| Trade receivables | 40 | €13,419 | €6,639 | -€6,781 | -50.5% |
| Other amounts receivable | 41 | €3,071 | €52,181 | +€49,109 | +1,599% |
| Cash at bank and in hand | 54/58 | €133,145 | €81,999 | -€51,146 | -38.4% |
| Deferred charges and accrued income | 490/1 | €6,350 | €0 | -€6,350 | -100% |
| Total equity and liabilities | 10/49 | €613,890 | €513,081 | -€100,808 | -16.4% |
| Equity | 10/15 | €192,774 | €200,250 | +€7,476 | +3.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €152,117 | €159,593 | +€7,476 | +4.9% |
| Non-distributable reserves | 130/1 | €2,975 | €0 | -€2,975 | -100% |
| Reserves not available under the articles | 1311 | €2,975 | €0 | -€2,975 | -100% |
| Distributable reserves | 133 | €149,142 | €159,593 | +€10,451 | +7.0% |
| Profit (loss) carried forward | 14 | €22,057 | €22,057 | = | 0.0% |
| Amounts payable | 17/49 | €421,115 | €312,831 | -€108,284 | -25.7% |
| Amounts payable after more than one year | 17 | €222,813 | €154,458 | -€68,355 | -30.7% |
| Financial debts | 170/4 | €222,813 | €154,458 | -€68,355 | -30.7% |
| Amounts payable within one year | 42/48 | €192,679 | €158,114 | -€34,565 | -17.9% |
| Current portion of amounts payable after more than one year | 42 | €43,622 | €45,689 | +€2,066 | +4.7% |
| Trade debts | 44 | €29,141 | €21,912 | -€7,229 | -24.8% |
| Suppliers | 440/4 | €29,141 | €21,912 | -€7,229 | -24.8% |
| Taxes, remuneration and social security | 45 | €54,483 | €40,155 | -€14,328 | -26.3% |
| Taxes | 450/3 | €16,151 | €1,995 | -€14,155 | -87.6% |
| Remuneration and social security | 454/9 | €38,332 | €38,160 | -€173 | -0.5% |
| Other amounts payable | 47/48 | €65,432 | €50,358 | -€15,074 | -23.0% |
| Accrued charges and deferred income | 492/3 | €5,624 | €260 | -€5,364 | -95.4% |
| Remuneration, social security and pensions | 62 | €159,718 | €253,899 | +€94,180 | +59.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,136 | €99,818 | +€39,682 | +66.0% |
| Other operating charges | 640/8 | €2,642 | €3,148 | +€506 | +19.1% |
| Gross operating margin | 9900 | €304,018 | €382,950 | +€78,932 | +26.0% |
| Operating profit (loss) | 9901 | €81,521 | €26,086 | -€55,436 | -68.0% |
| Financial income | 75/76B | €4,049 | €1,432 | -€2,616 | -64.6% |
| Recurring financial income | 75 | €1,982 | €1,432 | -€550 | -27.7% |
| Non-recurring financial income | 76B | €2,067 | €0 | -€2,067 | -100% |
| Financial charges | 65/66B | €6,881 | €14,308 | +€7,427 | +108% |
| Recurring financial charges | 65 | €6,881 | €14,308 | +€7,427 | +108% |
| Profit (loss) for the period before taxes | 9903 | €78,690 | €13,210 | -€65,479 | -83.2% |
| Income taxes | 67/77 | €15,990 | €5,734 | -€10,256 | -64.1% |
| Profit (loss) for the period | 9904 | €62,700 | €7,476 | -€55,224 | -88.1% |
| Profit (loss) for the period to be appropriated | 9905 | €62,700 | €7,476 | -€55,224 | -88.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.