LAZLO: 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.
LAZLO
Largest movements
- Current investments -€78,021
down €78,021 (-34.0%), from €229,599 to €151,578
- Tangible fixed assets -€14,610
down €14,610 (-42.1%), from €34,704 to €20,094
of which Furniture and vehicles: -€13,702
- Reserves -€102,277
down €102,277 (-26.6%), from €384,836 to €282,559
of which Distributable reserves: -€102,277
- Gross operating margin +€7,501
up €7,501 (+6.1%), from €123,151 to €130,653
- Taxes +€2,478
up €2,478 (+8.0%), from €31,099 to €33,578
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 | €461,082 | €361,732 | -€99,351 | -21.5% |
| Fixed assets | 21/28 | €36,204 | €20,094 | -€16,110 | -44.5% |
| Tangible fixed assets | 22/27 | €34,704 | €20,094 | -€14,610 | -42.1% |
| Plant, machinery and equipment | 23 | €1,932 | €1,024 | -€908 | -47.0% |
| Furniture and vehicles | 24 | €32,772 | €19,071 | -€13,702 | -41.8% |
| Financial fixed assets | 28 | €1,500 | - | -€1,500 | |
| Current assets | 29/58 | €424,878 | €341,637 | -€83,241 | -19.6% |
| Stocks and contracts in progress | 3 | €6,645 | €6,587 | -€58 | -0.9% |
| Stocks | 30/36 | €6,645 | €6,587 | -€58 | -0.9% |
| Amounts receivable within one year | 40/41 | €55,318 | €53,798 | -€1,520 | -2.7% |
| Trade receivables | 40 | €55,318 | €53,798 | -€1,520 | -2.7% |
| Current investments | 50/53 | €229,599 | €151,578 | -€78,021 | -34.0% |
| Cash at bank and in hand | 54/58 | €131,372 | €126,897 | -€4,475 | -3.4% |
| Deferred charges and accrued income | 490/1 | €1,944 | €2,776 | +€832 | +42.8% |
| Total equity and liabilities | 10/49 | €461,082 | €361,732 | -€99,351 | -21.5% |
| Equity | 10/15 | €391,036 | €288,759 | -€102,277 | -26.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €384,836 | €282,559 | -€102,277 | -26.6% |
| Tax-exempt reserves | 132 | €3,315 | €3,315 | = | 0.0% |
| Distributable reserves | 133 | €381,521 | €279,244 | -€102,277 | -26.8% |
| Amounts payable | 17/49 | €70,046 | €72,973 | +€2,927 | +4.2% |
| Amounts payable within one year | 42/48 | €70,046 | €72,973 | +€2,927 | +4.2% |
| Trade debts | 44 | €516 | €365 | -€151 | -29.3% |
| Suppliers | 440/4 | €516 | €365 | -€151 | -29.3% |
| Taxes, remuneration and social security | 45 | €25,106 | €28,397 | +€3,291 | +13.1% |
| Taxes | 450/3 | €22,804 | €26,073 | +€3,269 | +14.3% |
| Remuneration and social security | 454/9 | €2,302 | €2,324 | +€22 | +1.0% |
| Other amounts payable | 47/48 | €44,424 | €44,211 | -€213 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,718 | €14,610 | -€1,109 | -7.1% |
| Other operating charges | 640/8 | €942 | €501 | -€441 | -46.8% |
| Gross operating margin | 9900 | €123,151 | €130,653 | +€7,501 | +6.1% |
| Operating profit (loss) | 9901 | €106,491 | €115,542 | +€9,051 | +8.5% |
| Financial income | 75/76B | €4,008 | €2,809 | -€1,199 | -29.9% |
| Recurring financial income | 75 | €4,008 | €2,809 | -€1,199 | -29.9% |
| Financial charges | 65/66B | €64 | €51 | -€14 | -21.3% |
| Recurring financial charges | 65 | €64 | €51 | -€14 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | €110,434 | €118,301 | +€7,866 | +7.1% |
| Income taxes | 67/77 | €31,099 | €33,578 | +€2,478 | +8.0% |
| Profit (loss) for the period | 9904 | €79,335 | €84,723 | +€5,388 | +6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €79,335 | €84,723 | +€5,388 | +6.8% |
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 28 October 2026 via checked.be.