LUO LIRONG: what changed
LUO LIRONG
Largest movements
- Cash +€152,857
up €152,857 (+56.9%), from €268,412 to €421,269
mainly Net result for the year (+€227,624) and Trade debts (+€105,755)
- Stocks and contracts +€105,430
up €105,430 (+68.0%), from €155,035 to €260,465
- Receivables within one year +€74,940
up €74,940 (+90.6%), from €82,725 to €157,665
of which Trade receivables: +€66,774
- Tangible fixed assets -€15,791
down €15,791 (-24.0%), from €65,664 to €49,873
of which Other tangible fixed assets: -€12,249
- Profit (loss) carried forward +€227,624
up €227,624 (+104%), from €217,962 to €445,585
- Trade debts +€105,755
up €105,755 (+682%), from €15,506 to €121,262
- Accrued charges and deferred income -€51,350
down €51,350 (-72.6%), from €70,700 to €19,350
- Tax, wage and social debts +€20,926
up €20,926 (+696%), from €3,005 to €23,931
of which Taxes: +€20,908
- Advances received +€19,056
up €19,056 (+28.8%), from €66,180 to €85,236
- Gross operating margin +€204,815
up €204,815 (+334%), from €61,244 to €266,059
- Taxes +€20,413
up €20,413 (+18,226%), from €112 to €20,525
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €573,763 | €892,134 | +€318,371 | +55.5% |
| Fixed assets | 21/28 | €65,664 | €49,873 | -€15,791 | -24.0% |
| Tangible fixed assets | 22/27 | €65,664 | €49,873 | -€15,791 | -24.0% |
| Furniture and vehicles | 24 | €12,694 | €9,152 | -€3,542 | -27.9% |
| Other tangible fixed assets | 26 | €52,970 | €40,721 | -€12,249 | -23.1% |
| Current assets | 29/58 | €508,099 | €842,261 | +€334,162 | +65.8% |
| Stocks and contracts in progress | 3 | €155,035 | €260,465 | +€105,430 | +68.0% |
| Stocks | 30/36 | €155,035 | €260,465 | +€105,430 | +68.0% |
| Amounts receivable within one year | 40/41 | €82,725 | €157,665 | +€74,940 | +90.6% |
| Trade receivables | 40 | €59,644 | €126,418 | +€66,774 | +112% |
| Other amounts receivable | 41 | €23,081 | €31,247 | +€8,166 | +35.4% |
| Cash at bank and in hand | 54/58 | €268,412 | €421,269 | +€152,857 | +56.9% |
| Deferred charges and accrued income | 490/1 | €1,927 | €2,862 | +€935 | +48.5% |
| Total equity and liabilities | 10/49 | €573,763 | €892,134 | +€318,371 | +55.5% |
| Equity | 10/15 | €238,422 | €466,045 | +€227,624 | +95.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €217,962 | €445,585 | +€227,624 | +104% |
| Amounts payable | 17/49 | €335,342 | €426,089 | +€90,747 | +27.1% |
| Amounts payable within one year | 42/48 | €264,641 | €406,739 | +€142,098 | +53.7% |
| Trade debts | 44 | €15,506 | €121,262 | +€105,755 | +682% |
| Suppliers | 440/4 | €15,506 | €121,262 | +€105,755 | +682% |
| Advances received on contracts in progress | 46 | €66,180 | €85,236 | +€19,056 | +28.8% |
| Taxes, remuneration and social security | 45 | €3,005 | €23,931 | +€20,926 | +696% |
| Taxes | 450/3 | €29 | €20,937 | +€20,908 | +73,207% |
| Remuneration and social security | 454/9 | €2,976 | €2,994 | +€18 | +0.6% |
| Other amounts payable | 47/48 | €179,950 | €176,310 | -€3,640 | -2.0% |
| Accrued charges and deferred income | 492/3 | €70,700 | €19,350 | -€51,350 | -72.6% |
| Non-recurring operating income | 76A | €18,148 | - | -€18,148 | |
| Remuneration, social security and pensions | 62 | €597 | - | -€597 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,007 | €15,791 | +€1,783 | +12.7% |
| Other operating charges | 640/8 | €264 | €1,409 | +€1,144 | +433% |
| Gross operating margin | 9900 | €61,244 | €266,059 | +€204,815 | +334% |
| Operating profit (loss) | 9901 | €46,376 | €248,860 | +€202,484 | +437% |
| Financial income | 75/76B | €611 | - | -€611 | |
| Recurring financial income | 75 | €611 | - | -€611 | |
| Financial charges | 65/66B | €901 | €711 | -€190 | -21.1% |
| Recurring financial charges | 65 | €901 | €711 | -€190 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €46,086 | €248,149 | +€202,063 | +438% |
| Income taxes | 67/77 | €112 | €20,525 | +€20,413 | +18,226% |
| Profit (loss) for the period | 9904 | €45,974 | €227,624 | +€181,650 | +395% |
| Profit (loss) for the period to be appropriated | 9905 | €45,974 | €227,624 | +€181,650 | +395% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.