DR JAN LEZY: 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.
DR JAN LEZY
Largest movements
- Cash +€65,778
up €65,778 (+94.7%), from €69,424 to €135,202
mainly Net result for the year (+€108,653) and Depreciation (+€40,548)
- Tangible fixed assets -€26,084
down €26,084 (-20.9%), from €124,700 to €98,616
of which Furniture and vehicles: -€26,573
- Receivables within one year -€2,673
down €2,673 (-46.0%), from €5,805 to €3,132
of which Other amounts receivable: -€5,242
- Reserves +€68,653
up €68,653 (+76.4%), from €89,858 to €158,510
- Other debts -€24,974
down €24,974 (-33.6%), from €74,254 to €49,280
- Current portion of long-term debt -€9,449
down €9,449 (-74.8%), from €12,626 to €3,177
- Tax, wage and social debts +€3,776
up €3,776 (+68.2%), from €5,535 to €9,311
- Debts after one year -€3,177
no longer reported in 2025 (was €3,177)
- Gross operating margin +€14,554
up €14,554 (+8.4%), from €173,779 to €188,333
- Financial charges -€9,237
down €9,237 (-63.8%), from €14,478 to €5,241
- Taxes +€6,452
up €6,452 (+24.2%), from €26,621 to €33,073
- Depreciation -€4,604
down €4,604 (-10.2%), from €45,151 to €40,548
- Financial income -€2,936
down €2,936 (-99.8%), from €2,941 to €4
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 | €202,955 | €239,844 | +€36,889 | +18.2% |
| Fixed assets | 21/28 | €124,700 | €98,616 | -€26,084 | -20.9% |
| Tangible fixed assets | 22/27 | €124,700 | €98,616 | -€26,084 | -20.9% |
| Land and buildings | 22 | €30,835 | €26,510 | -€4,325 | -14.0% |
| Plant, machinery and equipment | 23 | €27,572 | €32,385 | +€4,814 | +17.5% |
| Furniture and vehicles | 24 | €66,293 | €39,721 | -€26,573 | -40.1% |
| Current assets | 29/58 | €78,255 | €141,228 | +€62,973 | +80.5% |
| Amounts receivable within one year | 40/41 | €5,805 | €3,132 | -€2,673 | -46.0% |
| Trade receivables | 40 | €563 | €3,132 | +€2,569 | +457% |
| Other amounts receivable | 41 | €5,242 | - | -€5,242 | |
| Cash at bank and in hand | 54/58 | €69,424 | €135,202 | +€65,778 | +94.7% |
| Deferred charges and accrued income | 490/1 | €3,025 | €2,894 | -€131 | -4.3% |
| Total equity and liabilities | 10/49 | €202,955 | €239,844 | +€36,889 | +18.2% |
| Equity | 10/15 | €94,858 | €163,510 | +€68,653 | +72.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €89,858 | €158,510 | +€68,653 | +76.4% |
| Distributable reserves | 133 | €89,858 | €158,510 | +€68,653 | +76.4% |
| Amounts payable | 17/49 | €108,097 | €76,334 | -€31,764 | -29.4% |
| Amounts payable after more than one year | 17 | €3,177 | - | -€3,177 | |
| Financial debts | 170/4 | €3,177 | - | -€3,177 | |
| Amounts payable within one year | 42/48 | €100,854 | €72,067 | -€28,788 | -28.5% |
| Current portion of amounts payable after more than one year | 42 | €12,626 | €3,177 | -€9,449 | -74.8% |
| Financial debts | 43 | €8,439 | €8,414 | -€25 | -0.3% |
| Other loans | 439 | €8,439 | €8,414 | -€25 | -0.3% |
| Trade debts | 44 | - | €1,884 | +€1,884 | |
| Suppliers | 440/4 | - | €1,884 | +€1,884 | |
| Taxes, remuneration and social security | 45 | €5,535 | €9,311 | +€3,776 | +68.2% |
| Taxes | 450/3 | €5,535 | €9,311 | +€3,776 | +68.2% |
| Other amounts payable | 47/48 | €74,254 | €49,280 | -€24,974 | -33.6% |
| Accrued charges and deferred income | 492/3 | €4,066 | €4,267 | +€201 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,151 | €40,548 | -€4,604 | -10.2% |
| Other operating charges | 640/8 | €612 | €822 | +€210 | +34.3% |
| Gross operating margin | 9900 | €173,779 | €188,333 | +€14,554 | +8.4% |
| Operating profit (loss) | 9901 | €128,016 | €146,963 | +€18,947 | +14.8% |
| Financial income | 75/76B | €2,941 | €4 | -€2,936 | -99.8% |
| Recurring financial income | 75 | €2,941 | €4 | -€2,936 | -99.8% |
| Financial charges | 65/66B | €14,478 | €5,241 | -€9,237 | -63.8% |
| Recurring financial charges | 65 | €14,478 | €5,241 | -€9,237 | -63.8% |
| Profit (loss) for the period before taxes | 9903 | €116,479 | €141,726 | +€25,247 | +21.7% |
| Income taxes | 67/77 | €26,621 | €33,073 | +€6,452 | +24.2% |
| Profit (loss) for the period | 9904 | €89,858 | €108,653 | +€18,795 | +20.9% |
| Profit (loss) for the period to be appropriated | 9905 | €89,858 | €108,653 | +€18,795 | +20.9% |
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 29 October 2026 via checked.be.