LAZTRANS: 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.
LAZTRANS
Largest movements
- Receivables after one year +€2.0m
up €2.0m (+326%), from €608,955 to €2.6m
of which Other amounts receivable: +€1.9m
- Current investments -€359,892
down €359,892 (-37.4%), from €961,411 to €601,519
- Cash -€337,601
down €337,601 (-37.8%), from €892,490 to €554,889
mainly Receivables after one year (-€2.0m) and Investment in fixed assets (net) (-€375,523)
- Receivables within one year +€170,522
up €170,522 (+4.2%), from €4.1m to €4.3m
of which Trade receivables: +€1.1m
- Trade debts +€1.2m
up €1.2m (+24.4%), from €4.8m to €6.0m
- Profit (loss) carried forward +€407,096
up €407,096, from €0 to €407,096
- Debts after one year -€213,125
down €213,125 (-9.5%), from €2.2m to €2.0m
of which Financial debts: -€213,125
- Gross operating margin +€713,820
up €713,820 (+44.6%), from €1.6m to €2.3m
- Staff costs +€326,179
up €326,179 (+48.5%), from €672,391 to €998,570
- Other operating charges +€170,860
up €170,860 (+103%), from €165,974 to €336,834
- Financial income -€43,081
down €43,081 (-65.0%), from €66,257 to €23,176
of which Financial income: -€36,395
- Financial charges -€24,946
down €24,946 (-44.5%), from €56,024 to €31,078
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,181,925 | €10,555,438 | +€1.4m | +15.0% |
| Fixed assets | 21/28 | €2,609,029 | €2,524,211 | -€84,818 | -3.3% |
| Intangible fixed assets | 21 | €12,221 | €15,028 | +€2,806 | +23.0% |
| Tangible fixed assets | 22/27 | €2,595,517 | €2,507,893 | -€87,624 | -3.4% |
| Land and buildings | 22 | €1,206,498 | €1,394,291 | +€187,793 | +15.6% |
| Plant, machinery and equipment | 23 | €12,406 | €10,917 | -€1,489 | -12.0% |
| Furniture and vehicles | 24 | €786,857 | €659,621 | -€127,236 | -16.2% |
| Leasing and similar rights | 25 | €589,756 | €443,064 | -€146,692 | -24.9% |
| Financial fixed assets | 28 | €1,290 | €1,290 | = | 0.0% |
| Current assets | 29/58 | €6,572,897 | €8,031,227 | +€1.5m | +22.2% |
| Amounts receivable after more than one year | 29 | €608,955 | €2,592,780 | +€2.0m | +326% |
| Trade receivables | 290 | - | €100,000 | +€100,000 | |
| Other amounts receivable | 291 | €608,955 | €2,492,780 | +€1.9m | +309% |
| Amounts receivable within one year | 40/41 | €4,101,059 | €4,271,580 | +€170,522 | +4.2% |
| Trade receivables | 40 | €2,492,716 | €3,580,088 | +€1.1m | +43.6% |
| Other amounts receivable | 41 | €1,608,343 | €691,492 | -€916,851 | -57.0% |
| Current investments | 50/53 | €961,411 | €601,519 | -€359,892 | -37.4% |
| Cash at bank and in hand | 54/58 | €892,490 | €554,889 | -€337,601 | -37.8% |
| Deferred charges and accrued income | 490/1 | €8,983 | €10,459 | +€1,476 | +16.4% |
| Total equity and liabilities | 10/49 | €9,181,925 | €10,555,438 | +€1.4m | +15.0% |
| Equity | 10/15 | €1,602,639 | €2,009,735 | +€407,096 | +25.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,584,039 | €1,584,039 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €20,500 | €20,500 | = | 0.0% |
| Distributable reserves | 133 | €1,563,539 | €1,563,539 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €407,096 | +€407,096 | |
| Amounts payable | 17/49 | €7,579,286 | €8,545,703 | +€966,416 | +12.8% |
| Amounts payable after more than one year | 17 | €2,237,887 | €2,024,762 | -€213,125 | -9.5% |
| Financial debts | 170/4 | €656,583 | €443,458 | -€213,125 | -32.5% |
| Other amounts payable | 178/9 | €1,581,305 | €1,581,305 | = | 0.0% |
| Amounts payable within one year | 42/48 | €5,338,853 | €6,517,330 | +€1.2m | +22.1% |
| Current portion of amounts payable after more than one year | 42 | €208,123 | €213,125 | +€5,002 | +2.4% |
| Financial debts | 43 | €13,010 | €17,435 | +€4,425 | +34.0% |
| Credit institutions | 430/8 | €13,010 | €17,435 | +€4,425 | +34.0% |
| Trade debts | 44 | €4,846,735 | €6,027,095 | +€1.2m | +24.4% |
| Suppliers | 440/4 | €4,846,735 | €6,027,095 | +€1.2m | +24.4% |
| Taxes, remuneration and social security | 45 | €270,985 | €259,675 | -€11,310 | -4.2% |
| Taxes | 450/3 | €90,515 | €78,091 | -€12,424 | -13.7% |
| Remuneration and social security | 454/9 | €180,470 | €181,584 | +€1,114 | +0.6% |
| Accrued charges and deferred income | 492/3 | €2,546 | €3,610 | +€1,064 | +41.8% |
| Non-recurring operating income | 76A | €390 | €0 | -€390 | -100% |
| Remuneration, social security and pensions | 62 | €672,391 | €998,570 | +€326,179 | +48.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €457,277 | €460,340 | +€3,063 | +0.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €3,580 | +€3,580 | |
| Other operating charges | 640/8 | €165,974 | €336,834 | +€170,860 | +103% |
| Gross operating margin | 9900 | €1,600,495 | €2,314,316 | +€713,820 | +44.6% |
| Operating profit (loss) | 9901 | €304,854 | €514,991 | +€210,138 | +68.9% |
| Financial income | 75/76B | €66,257 | €23,176 | -€43,081 | -65.0% |
| Recurring financial income | 75 | €42,135 | €5,740 | -€36,395 | -86.4% |
| Non-recurring financial income | 76B | €24,122 | €17,435 | -€6,687 | -27.7% |
| Financial charges | 65/66B | €56,024 | €31,078 | -€24,946 | -44.5% |
| Recurring financial charges | 65 | €56,024 | €31,078 | -€24,946 | -44.5% |
| Profit (loss) for the period before taxes | 9903 | €315,087 | €507,089 | +€192,002 | +60.9% |
| Income taxes | 67/77 | €83,717 | €99,993 | +€16,277 | +19.4% |
| Profit (loss) for the period | 9904 | €231,370 | €407,096 | +€175,726 | +76.0% |
| Profit (loss) for the period to be appropriated | 9905 | €231,370 | €407,096 | +€175,726 | +76.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.