Lazoe: 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.
Lazoe
Largest movements
- Tangible fixed assets +€70,810
up €70,810 (+123.9%), from €57,139 to €127,948
of which Furniture and vehicles: +€72,517
- Cash +€52,076
up €52,076 (+140.3%), from €37,129 to €89,206
mainly Net result for the year (+€703,158) and Depreciation (+€27,362)
- Reserves +€702,500
up €702,500 (+1652.9%), from €42,500 to €745,000
- Debts after one year -€590,000
no longer reported in 2025 (was €590,000)
- Tax, wage and social debts +€19,751
up €19,751 (+77.2%), from €25,598 to €45,349
- Financial income +€615,013
up €615,013 (+32851.5%), from €1,872 to €616,885
- Gross operating margin +€36,668
up €36,668 (+35.4%), from €103,541 to €140,209
- Taxes +€10,665
up €10,665 (+77.4%), from €13,772 to €24,437
- Depreciation +€5,007
up €5,007 (+22.4%), from €22,355 to €27,362
- Financial charges -€2,232
down €2,232 (-88.9%), from €2,510 to €278
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 | €925,361 | €1,054,196 | +€128,835 | +13.9% |
| Fixed assets | 21/28 | €645,373 | €716,183 | +€70,810 | +11.0% |
| Tangible fixed assets | 22/27 | €57,139 | €127,948 | +€70,810 | +123.9% |
| Plant, machinery and equipment | 23 | €6,877 | €5,170 | -€1,707 | -24.8% |
| Furniture and vehicles | 24 | €50,261 | €122,778 | +€72,517 | +144.3% |
| Financial fixed assets | 28 | €588,234 | €588,234 | = | 0.0% |
| Current assets | 29/58 | €279,988 | €338,013 | +€58,025 | +20.7% |
| Amounts receivable after more than one year | 29 | €180,000 | €190,000 | +€10,000 | +5.6% |
| Other amounts receivable | 291 | €180,000 | €190,000 | +€10,000 | +5.6% |
| Amounts receivable within one year | 40/41 | €62,858 | €57,468 | -€5,391 | -8.6% |
| Trade receivables | 40 | €61,093 | €35,232 | -€25,861 | -42.3% |
| Other amounts receivable | 41 | €1,766 | €22,235 | +€20,470 | +1159.4% |
| Cash at bank and in hand | 54/58 | €37,129 | €89,206 | +€52,076 | +140.3% |
| Deferred charges and accrued income | 490/1 | - | €1,340 | +€1,340 | |
| Total equity and liabilities | 10/49 | €925,361 | €1,054,196 | +€128,835 | +13.9% |
| Equity | 10/15 | €304,163 | €1,007,321 | +€703,158 | +231.2% |
| Contributions | 10/11 | €260,000 | €260,000 | = | 0.0% |
| Reserves | 13 | €42,500 | €745,000 | +€702,500 | +1652.9% |
| Distributable reserves | 133 | €42,500 | €745,000 | +€702,500 | +1652.9% |
| Profit (loss) carried forward | 14 | €1,663 | €2,321 | +€658 | +39.5% |
| Amounts payable | 17/49 | €621,197 | €46,875 | -€574,322 | -92.5% |
| Amounts payable after more than one year | 17 | €590,000 | - | -€590,000 | |
| Other amounts payable | 178/9 | €590,000 | - | -€590,000 | |
| Amounts payable within one year | 42/48 | €31,197 | €46,875 | +€15,678 | +50.3% |
| Trade debts | 44 | €2,663 | €1,526 | -€1,137 | -42.7% |
| Suppliers | 440/4 | €2,663 | €1,526 | -€1,137 | -42.7% |
| Taxes, remuneration and social security | 45 | €25,598 | €45,349 | +€19,751 | +77.2% |
| Taxes | 450/3 | €25,598 | €45,349 | +€19,751 | +77.2% |
| Other amounts payable | 47/48 | €2,936 | - | -€2,936 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,355 | €27,362 | +€5,007 | +22.4% |
| Other operating charges | 640/8 | €1,981 | €1,859 | -€122 | -6.1% |
| Gross operating margin | 9900 | €103,541 | €140,209 | +€36,668 | +35.4% |
| Operating profit (loss) | 9901 | €79,205 | €110,987 | +€31,783 | +40.1% |
| Financial income | 75/76B | €1,872 | €616,885 | +€615,013 | +32851.5% |
| Recurring financial income | 75 | €1,872 | €616,885 | +€615,013 | +32851.5% |
| Financial charges | 65/66B | €2,510 | €278 | -€2,232 | -88.9% |
| Recurring financial charges | 65 | €2,510 | €278 | -€2,232 | -88.9% |
| Profit (loss) for the period before taxes | 9903 | €78,567 | €727,594 | +€649,028 | +826.1% |
| Income taxes | 67/77 | €13,772 | €24,437 | +€10,665 | +77.4% |
| Profit (loss) for the period | 9904 | €64,795 | €703,158 | +€638,362 | +985.2% |
| Profit (loss) for the period to be appropriated | 9905 | €64,795 | €703,158 | +€638,362 | +985.2% |
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 9 October 2026 via checked.be.