YVES LORIC: 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.
YVES LORIC
Largest movements
- Tangible fixed assets +€147,488
up €147,488 (+52.0%), from €283,413 to €430,901
of which Land and buildings: +€119,202
- Stocks and contracts +€8,112
up €8,112 (+70.0%), from €11,587 to €19,700
- Receivables within one year -€6,711
down €6,711 (-12.9%), from €52,211 to €45,501
of which Trade receivables: -€6,711
- Debts after one year +€141,281
up €141,281 (+133%), from €106,264 to €247,546
- Profit (loss) carried forward +€45,849
up €45,849 (+34.8%), from €131,645 to €177,493
- Trade debts -€25,204
down €25,204 (-67.1%), from €37,586 to €12,382
- Other debts -€17,536
down €17,536 (-36.5%), from €48,026 to €30,490
- Gross operating margin +€26,308
up €26,308 (+24.9%), from €105,546 to €131,854
- Depreciation +€16,919
up €16,919 (+83.2%), from €20,345 to €37,264
- Staff costs +€1,667
up €1,667 (+5.8%), from €28,578 to €30,244
- Taxes +€1,530
up €1,530 (+20.5%), from €7,452 to €8,982
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.
Derived cash bridge
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 | €372,513 | €517,375 | +€144,862 | +38.9% |
| Fixed assets | 21/28 | €283,413 | €430,901 | +€147,488 | +52.0% |
| Tangible fixed assets | 22/27 | €283,413 | €430,901 | +€147,488 | +52.0% |
| Land and buildings | 22 | €249,465 | €368,667 | +€119,202 | +47.8% |
| Plant, machinery and equipment | 23 | €17,369 | €9,566 | -€7,802 | -44.9% |
| Furniture and vehicles | 24 | €16,579 | €52,667 | +€36,088 | +218% |
| Current assets | 29/58 | €89,100 | €86,475 | -€2,626 | -2.9% |
| Stocks and contracts in progress | 3 | €11,587 | €19,700 | +€8,112 | +70.0% |
| Stocks | 30/36 | €11,587 | €19,700 | +€8,112 | +70.0% |
| Amounts receivable within one year | 40/41 | €52,211 | €45,501 | -€6,711 | -12.9% |
| Trade receivables | 40 | €52,150 | €45,440 | -€6,711 | -12.9% |
| Other amounts receivable | 41 | €61 | €61 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €22,987 | €19,971 | -€3,016 | -13.1% |
| Deferred charges and accrued income | 490/1 | €2,314 | €1,304 | -€1,011 | -43.7% |
| Total equity and liabilities | 10/49 | €372,513 | €517,375 | +€144,862 | +38.9% |
| Equity | 10/15 | €142,145 | €187,993 | +€45,849 | +32.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €8,000 | €8,000 | = | 0.0% |
| Distributable reserves | 133 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €131,645 | €177,493 | +€45,849 | +34.8% |
| Amounts payable | 17/49 | €230,368 | €329,382 | +€99,014 | +43.0% |
| Amounts payable after more than one year | 17 | €106,264 | €247,546 | +€141,281 | +133% |
| Financial debts | 170/4 | €106,264 | €247,546 | +€141,281 | +133% |
| Amounts payable within one year | 42/48 | €124,104 | €81,836 | -€42,268 | -34.1% |
| Current portion of amounts payable after more than one year | 42 | €24,814 | €28,547 | +€3,732 | +15.0% |
| Trade debts | 44 | €37,586 | €12,382 | -€25,204 | -67.1% |
| Suppliers | 440/4 | €37,586 | €12,382 | -€25,204 | -67.1% |
| Taxes, remuneration and social security | 45 | €13,677 | €10,418 | -€3,260 | -23.8% |
| Taxes | 450/3 | €6,514 | €3,637 | -€2,877 | -44.2% |
| Remuneration and social security | 454/9 | €7,164 | €6,780 | -€383 | -5.3% |
| Other amounts payable | 47/48 | €48,026 | €30,490 | -€17,536 | -36.5% |
| Remuneration, social security and pensions | 62 | €28,578 | €30,244 | +€1,667 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,345 | €37,264 | +€16,919 | +83.2% |
| Other operating charges | 640/8 | €2,028 | €2,599 | +€571 | +28.1% |
| Gross operating margin | 9900 | €105,546 | €131,854 | +€26,308 | +24.9% |
| Operating profit (loss) | 9901 | €54,595 | €61,747 | +€7,152 | +13.1% |
| Financial income | 75/76B | €32 | €1,264 | +€1,233 | +3,903% |
| Recurring financial income | 75 | €32 | €1,264 | +€1,233 | +3,903% |
| Financial charges | 65/66B | €8,687 | €8,181 | -€506 | -5.8% |
| Recurring financial charges | 65 | €8,687 | €8,181 | -€506 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €45,939 | €54,830 | +€8,891 | +19.4% |
| Income taxes | 67/77 | €7,452 | €8,982 | +€1,530 | +20.5% |
| Profit (loss) for the period | 9904 | €38,488 | €45,849 | +€7,361 | +19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €38,488 | €45,849 | +€7,361 | +19.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.