LAZAR: what changed
What changed
LAZAR
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
-€23,622
2024 · €1,274-€24,895
Equity
-€16,348
2024 · €7,274-€23,622
Cash
€539
2024 · €20,791-€20,252
Balance sheet total
€2.3m
2024 · €2.3m+€4,781
Largest movements
Assets
- Receivables within one year +€27,478
up €27,478 (+95.9%), from €28,666 to €56,144
of which Other amounts receivable: +€20,457
Equity and liabilities
- Debts after one year -€150,000
down €150,000 (-6.8%), from €2.2m to €2.1m
- Other debts +€138,423
new in 2025: €138,423
- Accrued charges and deferred income +€48,139
up €48,139 (+109%), from €44,366 to €92,505
- Profit (loss) carried forward -€23,622
down €23,622, from €1,274 to -€22,348
Income statement
- Gross operating margin -€17,494
down €17,494 (-37.3%), from €46,954 to €29,460
- Staff costs +€4,581
new in 2025: €4,581
- Financial charges +€3,996
up €3,996 (+9.0%), from €44,385 to €48,381
- Financial income +€638
new in 2025: €638
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.
Result 2024
€1,274
Gross operating margin
-€17,494
Staff costs
-€4,581
Other operating charges
+€219
Financial income
+€638
Financial charges
-€3,996
Taxes
+€318
Result 2025
-€23,622
raises the resultlowers the result
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.
From operations
+€129,748
Investment
€0
Financing
-€150,000
Cash 2024
€20,791
From operations (derived)
+€129,748
Net result for the year
-€23,622
Receivables within one year
-€27,478
Deferred charges and accrued income
+€2,445
Trade debts
+€2,259
Tax, wage and social debts
-€10,419
Other debts
+€138,423
Accrued charges and deferred income
+€48,139
Financing
-€150,000
Debts after one year
-€150,000
Cash 2025
€539
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,297,293 | €2,302,074 | +€4,781 | +0.2% |
| Fixed assets | 21/28 | €2,244,752 | €2,244,752 | = | 0.0% |
| Financial fixed assets | 28 | €2,244,752 | €2,244,752 | = | 0.0% |
| Current assets | 29/58 | €52,541 | €57,322 | +€4,781 | +9.1% |
| Amounts receivable within one year | 40/41 | €28,666 | €56,144 | +€27,478 | +95.9% |
| Trade receivables | 40 | €28,666 | €35,688 | +€7,021 | +24.5% |
| Other amounts receivable | 41 | - | €20,457 | +€20,457 | |
| Cash at bank and in hand | 54/58 | €20,791 | €539 | -€20,252 | -97.4% |
| Deferred charges and accrued income | 490/1 | €3,084 | €638 | -€2,445 | -79.3% |
| Total equity and liabilities | 10/49 | €2,297,293 | €2,302,074 | +€4,781 | +0.2% |
| Equity | 10/15 | €7,274 | -€16,348 | -€23,622 | |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,274 | -€22,348 | -€23,622 | |
| Amounts payable | 17/49 | €2,290,019 | €2,318,422 | +€28,403 | +1.2% |
| Amounts payable after more than one year | 17 | €2,219,752 | €2,069,752 | -€150,000 | -6.8% |
| Financial debts | 170/4 | €2,219,752 | €2,069,752 | -€150,000 | -6.8% |
| Amounts payable within one year | 42/48 | €25,901 | €156,165 | +€130,264 | +503% |
| Trade debts | 44 | €2,108 | €4,367 | +€2,259 | +107% |
| Suppliers | 440/4 | €2,108 | €4,367 | +€2,259 | +107% |
| Taxes, remuneration and social security | 45 | €23,793 | €13,374 | -€10,419 | -43.8% |
| Taxes | 450/3 | €23,793 | €10,876 | -€12,917 | -54.3% |
| Remuneration and social security | 454/9 | - | €2,498 | +€2,498 | |
| Other amounts payable | 47/48 | - | €138,423 | +€138,423 | |
| Accrued charges and deferred income | 492/3 | €44,366 | €92,505 | +€48,139 | +109% |
| Remuneration, social security and pensions | 62 | - | €4,581 | +€4,581 | |
| Other operating charges | 640/8 | €977 | €758 | -€219 | -22.4% |
| Gross operating margin | 9900 | €46,954 | €29,460 | -€17,494 | -37.3% |
| Operating profit (loss) | 9901 | €45,977 | €24,121 | -€21,856 | -47.5% |
| Financial income | 75/76B | - | €638 | +€638 | |
| Recurring financial income | 75 | - | €638 | +€638 | |
| Financial charges | 65/66B | €44,385 | €48,381 | +€3,996 | +9.0% |
| Recurring financial charges | 65 | €44,385 | €48,381 | +€3,996 | +9.0% |
| Profit (loss) for the period before taxes | 9903 | €1,592 | -€23,622 | -€25,214 | |
| Income taxes | 67/77 | €318 | - | -€318 | |
| Profit (loss) for the period | 9904 | €1,274 | -€23,622 | -€24,895 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,274 | -€23,622 | -€24,895 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.