LAUZAN: 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.
LAUZAN
Largest movements
- Cash +€84,643
up €84,643 (+8.5%), from €999,156 to €1.1m
mainly Other debts (+€397,500) and Net result for the year (+€174,201)
- Intangible fixed assets -€55,000
down €55,000 (-57.1%), from €96,250 to €41,250
- Receivables within one year +€53,468
up €53,468 (+31.2%), from €171,500 to €224,968
of which Trade receivables: +€58,655
- Stocks and contracts -€33,160
down €33,160 (-10.0%), from €330,156 to €296,995
- Tangible fixed assets -€30,743
down €30,743 (-7.4%), from €418,241 to €387,497
of which Other tangible fixed assets: -€70,160
- Other debts +€397,500
up €397,500 (+85.8%), from €463,318 to €860,818
- Reserves -€328,799
down €328,799 (-58.5%), from €561,988 to €233,189
- Debts after one year -€63,647
down €63,647 (-9.8%), from €648,460 to €584,813
of which Financial debts: -€50,808
- Tax, wage and social debts +€26,327
up €26,327 (+89.2%), from €29,511 to €55,838
- Gross operating margin +€64,912
up €64,912 (+9.7%), from €666,308 to €731,220
- Staff costs +€19,283
up €19,283 (+6.8%), from €283,673 to €302,956
- Depreciation +€10,234
up €10,234 (+6.3%), from €163,666 to €173,900
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 | €2,025,352 | €2,045,371 | +€20,019 | +1.0% |
| Fixed assets | 21/28 | €519,038 | €433,295 | -€85,743 | -16.5% |
| Intangible fixed assets | 21 | €96,250 | €41,250 | -€55,000 | -57.1% |
| Tangible fixed assets | 22/27 | €418,241 | €387,497 | -€30,743 | -7.4% |
| Plant, machinery and equipment | 23 | €53,255 | €56,486 | +€3,231 | +6.1% |
| Furniture and vehicles | 24 | €69,221 | €105,407 | +€36,186 | +52.3% |
| Other tangible fixed assets | 26 | €295,765 | €225,605 | -€70,160 | -23.7% |
| Financial fixed assets | 28 | €4,547 | €4,547 | = | 0.0% |
| Current assets | 29/58 | €1,506,314 | €1,612,076 | +€105,762 | +7.0% |
| Stocks and contracts in progress | 3 | €330,156 | €296,995 | -€33,160 | -10.0% |
| Stocks | 30/36 | €330,156 | €296,995 | -€33,160 | -10.0% |
| Amounts receivable within one year | 40/41 | €171,500 | €224,968 | +€53,468 | +31.2% |
| Trade receivables | 40 | €135,855 | €194,509 | +€58,655 | +43.2% |
| Other amounts receivable | 41 | €35,646 | €30,459 | -€5,187 | -14.6% |
| Cash at bank and in hand | 54/58 | €999,156 | €1,083,799 | +€84,643 | +8.5% |
| Deferred charges and accrued income | 490/1 | €5,502 | €6,314 | +€812 | +14.8% |
| Total equity and liabilities | 10/49 | €2,025,352 | €2,045,371 | +€20,019 | +1.0% |
| Equity | 10/15 | €696,488 | €367,689 | -€328,799 | -47.2% |
| Contributions | 10/11 | €134,500 | €134,500 | = | 0.0% |
| Reserves | 13 | €561,988 | €233,189 | -€328,799 | -58.5% |
| Distributable reserves | 133 | €561,988 | €233,189 | -€328,799 | -58.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,328,864 | €1,677,682 | +€348,818 | +26.2% |
| Amounts payable after more than one year | 17 | €648,460 | €584,813 | -€63,647 | -9.8% |
| Financial debts | 170/4 | €197,505 | €146,697 | -€50,808 | -25.7% |
| Trade debts | 175 | €450,955 | €438,116 | -€12,839 | -2.8% |
| Amounts payable within one year | 42/48 | €680,404 | €1,092,869 | +€412,466 | +60.6% |
| Current portion of amounts payable after more than one year | 42 | €50,311 | €50,808 | +€497 | +1.0% |
| Trade debts | 44 | €96,608 | €83,174 | -€13,434 | -13.9% |
| Suppliers | 440/4 | €96,608 | €83,174 | -€13,434 | -13.9% |
| Advances received on contracts in progress | 46 | €40,656 | €42,231 | +€1,576 | +3.9% |
| Taxes, remuneration and social security | 45 | €29,511 | €55,838 | +€26,327 | +89.2% |
| Remuneration and social security | 454/9 | €29,511 | €55,838 | +€26,327 | +89.2% |
| Other amounts payable | 47/48 | €463,318 | €860,818 | +€397,500 | +85.8% |
| Remuneration, social security and pensions | 62 | €283,673 | €302,956 | +€19,283 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €163,666 | €173,900 | +€10,234 | +6.3% |
| Other operating charges | 640/8 | €3,988 | €3,793 | -€195 | -4.9% |
| Gross operating margin | 9900 | €666,308 | €731,220 | +€64,912 | +9.7% |
| Operating profit (loss) | 9901 | €214,981 | €250,572 | +€35,591 | +16.6% |
| Financial income | 75/76B | €60 | €944 | +€884 | +1,473% |
| Recurring financial income | 75 | €60 | €944 | +€884 | +1,473% |
| Financial charges | 65/66B | €18,071 | €21,849 | +€3,778 | +20.9% |
| Recurring financial charges | 65 | €18,071 | €21,849 | +€3,778 | +20.9% |
| Profit (loss) for the period before taxes | 9903 | €196,970 | €229,666 | +€32,696 | +16.6% |
| Income taxes | 67/77 | €48,392 | €55,465 | +€7,073 | +14.6% |
| Profit (loss) for the period | 9904 | €148,578 | €174,201 | +€25,623 | +17.2% |
| Profit (loss) for the period to be appropriated | 9905 | €148,578 | €174,201 | +€25,623 | +17.2% |
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 21 October 2026 via checked.be.