LAZ: what changed
Two fiscal 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.
LAZ
Largest movements
- Cash +€8,252
up €8,252 (+2902.7%), from €284 to €8,536
mainly Net result for the year (+€12,388) and Depreciation (+€6,756)
- Tangible fixed assets -€6,756
down €6,756 (-57.7%), from €11,699 to €4,943
of which Furniture and vehicles: -€6,311
- Receivables within one year +€1,259
up €1,259 (+19.7%), from €6,387 to €7,646
of which Trade receivables: +€2,411
- Profit (loss) carried forward +€12,388
up €12,388 (+11.2%), from -€110,831 to -€98,443
- Trade debts -€2,946
down €2,946 (-29.2%), from €10,105 to €7,159
- Debts after one year -€2,858
down €2,858 (-100.0%), from €2,858 to €0
- Current portion of long-term debt -€2,281
down €2,281 (-44.4%), from €5,139 to €2,858
- Other debts -€1,300
down €1,300 (-1.5%), from €84,788 to €83,488
- Gross operating margin +€6,913
up €6,913 (+53.9%), from €12,818 to €19,731
- Depreciation -€3,069
down €3,069 (-31.2%), from €9,825 to €6,756
- Other operating charges -€1,248
down €1,248 (-69.5%), from €1,796 to €548
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.
Cash bridge derived
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 | €18,921 | €21,675 | +€2,755 | +14.6% |
| Fixed assets | 21/28 | €12,249 | €5,493 | -€6,756 | -55.2% |
| Tangible fixed assets | 22/27 | €11,699 | €4,943 | -€6,756 | -57.7% |
| Land and buildings | 22 | €236 | €0 | -€236 | -100.0% |
| Plant, machinery and equipment | 23 | €3,050 | €2,840 | -€210 | -6.9% |
| Furniture and vehicles | 24 | €8,414 | €2,103 | -€6,311 | -75.0% |
| Financial fixed assets | 28 | €550 | €550 | = | 0.0% |
| Current assets | 29/58 | €6,671 | €16,182 | +€9,511 | +142.6% |
| Amounts receivable within one year | 40/41 | €6,387 | €7,646 | +€1,259 | +19.7% |
| Trade receivables | 40 | €5,160 | €7,571 | +€2,411 | +46.7% |
| Other amounts receivable | 41 | €1,227 | €75 | -€1,152 | -93.8% |
| Cash at bank and in hand | 54/58 | €284 | €8,536 | +€8,252 | +2902.7% |
| Total equity and liabilities | 10/49 | €18,921 | €21,675 | +€2,755 | +14.6% |
| Equity | 10/15 | -€84,454 | -€72,066 | +€12,388 | +14.7% |
| Contributions | 10/11 | €19,831 | €19,831 | = | 0.0% |
| Capital | 10 | €19,831 | €19,831 | = | 0.0% |
| Issued capital | 100 | €19,831 | €19,831 | = | 0.0% |
| Reserves | 13 | €6,545 | €6,545 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,983 | €1,983 | = | 0.0% |
| Legal reserve | 130 | €1,983 | €1,983 | = | 0.0% |
| Distributable reserves | 133 | €4,562 | €4,562 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€110,831 | -€98,443 | +€12,388 | +11.2% |
| Amounts payable | 17/49 | €103,375 | €93,742 | -€9,633 | -9.3% |
| Amounts payable after more than one year | 17 | €2,858 | €0 | -€2,858 | -100.0% |
| Financial debts | 170/4 | €2,858 | €0 | -€2,858 | -100.0% |
| Amounts payable within one year | 42/48 | €100,517 | €93,742 | -€6,775 | -6.7% |
| Current portion of amounts payable after more than one year | 42 | €5,139 | €2,858 | -€2,281 | -44.4% |
| Trade debts | 44 | €10,105 | €7,159 | -€2,946 | -29.2% |
| Suppliers | 440/4 | €10,105 | €7,159 | -€2,946 | -29.2% |
| Taxes, remuneration and social security | 45 | €485 | €237 | -€248 | -51.1% |
| Taxes | 450/3 | €485 | €237 | -€248 | -51.1% |
| Other amounts payable | 47/48 | €84,788 | €83,488 | -€1,300 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,825 | €6,756 | -€3,069 | -31.2% |
| Other operating charges | 640/8 | €1,796 | €548 | -€1,248 | -69.5% |
| Gross operating margin | 9900 | €12,818 | €19,731 | +€6,913 | +53.9% |
| Operating profit (loss) | 9901 | €1,197 | €12,427 | +€11,230 | +938.0% |
| Financial charges | 65/66B | -€155 | €39 | +€194 | |
| Recurring financial charges | 65 | -€155 | €39 | +€194 | |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €1,352 | €12,388 | +€11,035 | +816.1% |
| Profit (loss) for the period | 9904 | €1,352 | €12,388 | +€11,035 | +816.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,352 | €12,388 | +€11,035 | +816.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.