Gregori LIZZI: what changed
Gregori LIZZI
Largest movements
- Receivables within one year -€20,182
down €20,182 (-60.2%), from €33,512 to €13,330
of which Trade receivables: -€20,786
- Cash +€13,805
up €13,805 (+72.3%), from €19,094 to €32,899
mainly Receivables within one year (+€20,182) and Tax, wage and social debts (+€12,002)
- Stocks and contracts +€9,983
up €9,983 (+202%), from €4,950 to €14,933
- Other debts -€15,146
no longer reported in 2025 (was €15,146)
- Tax, wage and social debts +€12,002
up €12,002 (+285%), from €4,209 to €16,212
of which Remuneration and social security: +€12,927
- Profit (loss) carried forward +€4,291
up €4,291 (+17.7%), from €24,185 to €28,476
- Trade debts +€2,286
up €2,286 (+20.2%), from €11,323 to €13,609
- Staff costs +€25,253
up €25,253 (+96.0%), from €26,317 to €51,570
- Gross operating margin +€21,683
up €21,683 (+53.5%), from €40,507 to €62,189
- Taxes -€1,399
down €1,399 (-69.8%), from €2,003 to €604
- Financial charges +€626
up €626 (+31.1%), from €2,015 to €2,641
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 | €64,915 | €68,297 | +€3,383 | +5.2% |
| Fixed assets | 21/28 | €6,639 | €5,950 | -€689 | -10.4% |
| Tangible fixed assets | 22/27 | €5,562 | €5,069 | -€494 | -8.9% |
| Plant, machinery and equipment | 23 | €1,712 | €877 | -€835 | -48.8% |
| Furniture and vehicles | 24 | €3,851 | €4,192 | +€341 | +8.9% |
| Financial fixed assets | 28 | €1,077 | €881 | -€196 | -18.2% |
| Current assets | 29/58 | €58,275 | €62,347 | +€4,072 | +7.0% |
| Stocks and contracts in progress | 3 | €4,950 | €14,933 | +€9,983 | +202% |
| Stocks | 30/36 | €4,950 | €14,933 | +€9,983 | +202% |
| Amounts receivable within one year | 40/41 | €33,512 | €13,330 | -€20,182 | -60.2% |
| Trade receivables | 40 | €28,727 | €7,940 | -€20,786 | -72.4% |
| Other amounts receivable | 41 | €4,785 | €5,389 | +€604 | +12.6% |
| Cash at bank and in hand | 54/58 | €19,094 | €32,899 | +€13,805 | +72.3% |
| Deferred charges and accrued income | 490/1 | €719 | €1,186 | +€467 | +64.9% |
| Total equity and liabilities | 10/49 | €64,915 | €68,297 | +€3,383 | +5.2% |
| Equity | 10/15 | €34,185 | €38,476 | +€4,291 | +12.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,185 | €28,476 | +€4,291 | +17.7% |
| Amounts payable | 17/49 | €30,729 | €29,821 | -€908 | -3.0% |
| Amounts payable within one year | 42/48 | €30,679 | €29,821 | -€857 | -2.8% |
| Trade debts | 44 | €11,323 | €13,609 | +€2,286 | +20.2% |
| Suppliers | 440/4 | €11,323 | €13,609 | +€2,286 | +20.2% |
| Taxes, remuneration and social security | 45 | €4,209 | €16,212 | +€12,002 | +285% |
| Taxes | 450/3 | €2,003 | €1,078 | -€925 | -46.2% |
| Remuneration and social security | 454/9 | €2,207 | €15,134 | +€12,927 | +586% |
| Other amounts payable | 47/48 | €15,146 | - | -€15,146 | |
| Accrued charges and deferred income | 492/3 | €51 | - | -€51 | |
| Remuneration, social security and pensions | 62 | €26,317 | €51,570 | +€25,253 | +96.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,364 | €2,229 | -€135 | -5.7% |
| Other operating charges | 640/8 | €807 | €856 | +€49 | +6.1% |
| Gross operating margin | 9900 | €40,507 | €62,189 | +€21,683 | +53.5% |
| Operating profit (loss) | 9901 | €11,019 | €7,535 | -€3,484 | -31.6% |
| Financial income | 75/76B | €268 | €1 | -€267 | -99.8% |
| Recurring financial income | 75 | €268 | €1 | -€267 | -99.8% |
| Financial charges | 65/66B | €2,015 | €2,641 | +€626 | +31.1% |
| Recurring financial charges | 65 | €2,015 | €2,641 | +€626 | +31.1% |
| Profit (loss) for the period before taxes | 9903 | €9,272 | €4,895 | -€4,377 | -47.2% |
| Income taxes | 67/77 | €2,003 | €604 | -€1,399 | -69.8% |
| Profit (loss) for the period | 9904 | €7,269 | €4,291 | -€2,979 | -41.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,269 | €4,291 | -€2,979 | -41.0% |
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 6 November 2026 via checked.be.