LAZINEL: 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.
LAZINEL
Largest movements
- Cash +€64,552
up €64,552 (+90.9%), from €71,049 to €135,601
mainly Other debts (+€350,000) and Net result for the year (+€117,821)
- Receivables within one year +€56,380
new in 2025: €56,380
- Tangible fixed assets +€25,334
new in 2025: €25,334
- Deferred charges and accrued income -€11,904
no longer reported in 2025 (was €11,904)
- Other debts +€350,000
new in 2025: €350,000
- Profit (loss) carried forward -€232,179
down €232,179 (-87.8%), from €264,541 to €32,362
- Tax, wage and social debts +€17,687
up €17,687 (+39.1%), from €45,225 to €62,912
- Gross operating margin +€42,188
up €42,188 (+36.9%), from €114,365 to €156,553
- Taxes +€13,526
up €13,526 (+56.4%), from €23,961 to €37,487
- Financial income +€2,573
new in 2025: €2,573
- Depreciation +€2,135
new in 2025: €2,135
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 | €316,772 | €451,135 | +€134,363 | +42.4% |
| Fixed assets | 21/28 | - | €25,334 | +€25,334 | |
| Tangible fixed assets | 22/27 | - | €25,334 | +€25,334 | |
| Furniture and vehicles | 24 | - | €25,334 | +€25,334 | |
| Current assets | 29/58 | €316,772 | €425,800 | +€109,029 | +34.4% |
| Amounts receivable after more than one year | 29 | €233,819 | €233,819 | = | 0.0% |
| Other amounts receivable | 291 | €233,819 | €233,819 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €56,380 | +€56,380 | |
| Other amounts receivable | 41 | - | €56,380 | +€56,380 | |
| Cash at bank and in hand | 54/58 | €71,049 | €135,601 | +€64,552 | +90.9% |
| Deferred charges and accrued income | 490/1 | €11,904 | - | -€11,904 | |
| Total equity and liabilities | 10/49 | €316,772 | €451,135 | +€134,363 | +42.4% |
| Equity | 10/15 | €267,541 | €35,362 | -€232,179 | -86.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €264,541 | €32,362 | -€232,179 | -87.8% |
| Amounts payable | 17/49 | €49,231 | €415,773 | +€366,542 | +744.5% |
| Amounts payable within one year | 42/48 | €49,231 | €415,773 | +€366,542 | +744.5% |
| Trade debts | 44 | €4,005 | €2,861 | -€1,145 | -28.6% |
| Suppliers | 440/4 | €4,005 | €2,861 | -€1,145 | -28.6% |
| Taxes, remuneration and social security | 45 | €45,225 | €62,912 | +€17,687 | +39.1% |
| Taxes | 450/3 | €45,225 | €62,912 | +€17,687 | +39.1% |
| Other amounts payable | 47/48 | - | €350,000 | +€350,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,135 | +€2,135 | |
| Other operating charges | 640/8 | €165 | €1,440 | +€1,274 | +771.9% |
| Gross operating margin | 9900 | €114,365 | €156,553 | +€42,188 | +36.9% |
| Operating profit (loss) | 9901 | €114,200 | €152,979 | +€38,779 | +34.0% |
| Financial income | 75/76B | - | €2,573 | +€2,573 | |
| Recurring financial income | 75 | - | €2,573 | +€2,573 | |
| Financial charges | 65/66B | €1,800 | €243 | -€1,557 | -86.5% |
| Recurring financial charges | 65 | €1,800 | €243 | -€1,557 | -86.5% |
| Profit (loss) for the period before taxes | 9903 | €112,400 | €155,308 | +€42,909 | +38.2% |
| Income taxes | 67/77 | €23,961 | €37,487 | +€13,526 | +56.4% |
| Profit (loss) for the period | 9904 | €88,439 | €117,821 | +€29,383 | +33.2% |
| Profit (loss) for the period to be appropriated | 9905 | €88,439 | €117,821 | +€29,383 | +33.2% |
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 8 October 2026 via checked.be.