LUC LORMANS: 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.
LUC LORMANS
Largest movements
- Cash -€35,234
down €35,234 (-73.4%), from €48,033 to €12,799
mainly Trade debts (-€67,933) and Tax, wage and social debts (-€19,080)
- Receivables within one year -€10,725
down €10,725 (-9.9%), from €108,231 to €97,506
of which Other amounts receivable: -€8,834
- Stocks and contracts -€5,543
down €5,543 (-15.0%), from €36,954 to €31,411
- Tangible fixed assets +€2,375
up €2,375 (+84.7%), from €2,804 to €5,179
of which Furniture and vehicles: +€3,085
- Deferred charges and accrued income -€2,271
down €2,271 (-46.4%), from €4,891 to €2,620
- Trade debts -€67,933
down €67,933 (-57.6%), from €117,995 to €50,062
- Reserves +€34,617
up €34,617, from €0 to €34,617
of which Distributable reserves: +€34,617
- Tax, wage and social debts -€19,080
down €19,080 (-71.8%), from €26,567 to €7,487
of which Remuneration and social security: -€13,786
- Profit (loss) carried forward +€17,194
up €17,194, from -€17,194 to €0
- Advances received -€15,703
down €15,703 (-100.0%), from €15,703 to €0
- Staff costs -€42,531
down €42,531 (-61.5%), from €69,182 to €26,650
- Gross operating margin -€24,509
down €24,509 (-18.3%), from €133,977 to €109,468
- Taxes +€14,960
up €14,960 (+314.0%), from €4,764 to €19,724
- Financial charges -€8,847
down €8,847 (-58.5%), from €15,132 to €6,285
- Depreciation +€1,451
up €1,451 (+78.5%), from €1,847 to €3,298
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 | €200,947 | €149,549 | -€51,398 | -25.6% |
| Fixed assets | 21/28 | €2,839 | €5,214 | +€2,375 | +83.7% |
| Tangible fixed assets | 22/27 | €2,804 | €5,179 | +€2,375 | +84.7% |
| Plant, machinery and equipment | 23 | €710 | €0 | -€710 | -100.0% |
| Furniture and vehicles | 24 | €2,094 | €5,179 | +€3,085 | +147.4% |
| Financial fixed assets | 28 | €35 | €35 | = | 0.0% |
| Current assets | 29/58 | €198,108 | €144,335 | -€53,773 | -27.1% |
| Stocks and contracts in progress | 3 | €36,954 | €31,411 | -€5,543 | -15.0% |
| Stocks | 30/36 | €36,954 | €31,411 | -€5,543 | -15.0% |
| Amounts receivable within one year | 40/41 | €108,231 | €97,506 | -€10,725 | -9.9% |
| Trade receivables | 40 | €94,121 | €92,229 | -€1,892 | -2.0% |
| Other amounts receivable | 41 | €14,110 | €5,276 | -€8,834 | -62.6% |
| Cash at bank and in hand | 54/58 | €48,033 | €12,799 | -€35,234 | -73.4% |
| Deferred charges and accrued income | 490/1 | €4,891 | €2,620 | -€2,271 | -46.4% |
| Total equity and liabilities | 10/49 | €200,947 | €149,549 | -€51,398 | -25.6% |
| Equity | 10/15 | €2,637 | €54,449 | +€51,812 | +1964.6% |
| Contributions | 10/11 | €19,831 | €19,831 | = | 0.0% |
| Reserves | 13 | €0 | €34,617 | +€34,617 | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | - | €34,617 | +€34,617 | |
| Profit (loss) carried forward | 14 | -€17,194 | €0 | +€17,194 | |
| Amounts payable | 17/49 | €198,310 | €95,100 | -€103,210 | -52.0% |
| Amounts payable within one year | 42/48 | €198,310 | €95,100 | -€103,210 | -52.0% |
| Financial debts | 43 | €38,045 | €35,137 | -€2,907 | -7.6% |
| Credit institutions | 430/8 | €38,045 | €35,137 | -€2,907 | -7.6% |
| Trade debts | 44 | €117,995 | €50,062 | -€67,933 | -57.6% |
| Suppliers | 440/4 | €117,995 | €50,062 | -€67,933 | -57.6% |
| Advances received on contracts in progress | 46 | €15,703 | €0 | -€15,703 | -100.0% |
| Taxes, remuneration and social security | 45 | €26,567 | €7,487 | -€19,080 | -71.8% |
| Taxes | 450/3 | €12,780 | €7,487 | -€5,293 | -41.4% |
| Remuneration and social security | 454/9 | €13,786 | €0 | -€13,786 | -100.0% |
| Other amounts payable | 47/48 | - | €2,413 | +€2,413 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €69,182 | €26,650 | -€42,531 | -61.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,847 | €3,298 | +€1,451 | +78.5% |
| Other operating charges | 640/8 | €2,387 | €1,933 | -€454 | -19.0% |
| Gross operating margin | 9900 | €133,977 | €109,468 | -€24,509 | -18.3% |
| Operating profit (loss) | 9901 | €60,561 | €77,586 | +€17,025 | +28.1% |
| Financial income | 75/76B | €781 | €234 | -€547 | -70.0% |
| Recurring financial income | 75 | €781 | €234 | -€547 | -70.0% |
| Financial charges | 65/66B | €15,132 | €6,285 | -€8,847 | -58.5% |
| Recurring financial charges | 65 | €15,132 | €6,285 | -€8,847 | -58.5% |
| Profit (loss) for the period before taxes | 9903 | €46,211 | €71,536 | +€25,325 | +54.8% |
| Income taxes | 67/77 | €4,764 | €19,724 | +€14,960 | +314.0% |
| Profit (loss) for the period | 9904 | €41,447 | €51,812 | +€10,365 | +25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €41,447 | €51,812 | +€10,365 | +25.0% |
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.