LENZO: 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.
What changed
LENZO
NACE 16.110, Sawmilling and planing of wood
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€329,056
2024 · €8,549+€320,507
Equity
€2.8m
2024 · €2.8m+€29,056
Cash
€85,231
2024 · €22,037+€63,194
Balance sheet total
€9.4m
2024 · €8.0m+€1.3m
Largest movements
Assets
- Tangible fixed assets +€1.2m
up €1.2m (+2188.0%), from €56,547 to €1.3m
of which Leasing and similar rights: +€822,366
Equity and liabilities
- Short-term financial debts +€766,193
up €766,193 (+29.7%), from €2.6m to €3.4m
- Trade debts -€543,883
down €543,883 (-30.8%), from €1.8m to €1.2m
- Debts after one year +€520,504
up €520,504 (+104.1%), from €500,000 to €1.0m
of which Financial debts: +€520,504
- Other debts +€308,200
up €308,200 (+17122.2%), from €1,800 to €310,000
- Current portion of long-term debt +€215,671
new in 2025: €215,671
Income statement
- Gross operating margin +€419,998
up €419,998 (+17.1%), from €2.5m to €2.9m
- Staff costs -€148,938
down €148,938 (-6.9%), from €2.2m to €2.0m
- Depreciation +€134,180
up €134,180 (+666.9%), from €20,120 to €154,300
- Taxes +€109,065
up €109,065 (+495.1%), from €22,028 to €131,093
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.
Result 2024
€8,549
Gross operating margin
+€419,998
Staff costs
+€148,938
Depreciation
-€134,180
Other operating charges
+€1,129
Other operating items
+€4,201
Financial income
-€963
Financial charges
-€9,550
Taxes
-€109,065
Result 2025
€329,056
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.
From operations
+€252,368
Investment
-€1.4m
Financing
+€1.2m
Cash 2024
€22,037
From operations (derived)
+€252,368
Net result for the year
+€329,056
Depreciation
+€154,300
Stocks and contracts
-€13,865
Receivables within one year
-€20,345
Deferred charges and accrued income
-€82
Trade debts
-€543,883
Tax, wage and social debts
+€18,987
Other debts
+€308,200
Accrued charges and deferred income
+€20,000
Investment (derived)
-€1.4m
Investment in fixed assets (net)
-€1.4m
Financing
+€1.2m
Debts after one year
+€520,504
Current portion of long-term debt
+€215,671
Short-term financial debts
+€766,193
Contributions, distributions and other
-€300,000
Cash 2025
€85,231
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,019,034 | €9,353,762 | +€1.3m | +16.6% |
| Fixed assets | 21/28 | €64,370 | €1,301,612 | +€1.2m | +1922.1% |
| Tangible fixed assets | 22/27 | €56,547 | €1,293,789 | +€1.2m | +2188.0% |
| Plant, machinery and equipment | 23 | €4,984 | €396,304 | +€391,320 | +7851.1% |
| Furniture and vehicles | 24 | €51,563 | €75,118 | +€23,556 | +45.7% |
| Leasing and similar rights | 25 | - | €822,366 | +€822,366 | |
| Financial fixed assets | 28 | €7,824 | €7,824 | = | 0.0% |
| Current assets | 29/58 | €7,954,664 | €8,052,150 | +€97,486 | +1.2% |
| Stocks and contracts in progress | 3 | €7,242,104 | €7,255,969 | +€13,865 | +0.2% |
| Stocks | 30/36 | €7,242,104 | €7,255,969 | +€13,865 | +0.2% |
| Amounts receivable within one year | 40/41 | €686,492 | €706,837 | +€20,345 | +3.0% |
| Trade receivables | 40 | €369,912 | €462,514 | +€92,603 | +25.0% |
| Other amounts receivable | 41 | €316,581 | €244,323 | -€72,258 | -22.8% |
| Cash at bank and in hand | 54/58 | €22,037 | €85,231 | +€63,194 | +286.8% |
| Deferred charges and accrued income | 490/1 | €4,031 | €4,113 | +€82 | +2.0% |
| Total equity and liabilities | 10/49 | €8,019,034 | €9,353,762 | +€1.3m | +16.6% |
| Equity | 10/15 | €2,806,949 | €2,836,005 | +€29,056 | +1.0% |
| Contributions | 10/11 | €635,000 | €635,000 | = | 0.0% |
| Reserves | 13 | €2,171,949 | €2,201,005 | +€29,056 | +1.3% |
| Tax-exempt reserves | 132 | €243,409 | €243,409 | = | 0.0% |
| Distributable reserves | 133 | €1,928,540 | €1,957,597 | +€29,056 | +1.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €148,017 | €148,017 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €148,017 | €148,017 | = | 0.0% |
| Environmental obligations | 163 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €148,017 | €148,017 | = | 0.0% |
| Amounts payable | 17/49 | €5,064,068 | €6,369,740 | +€1.3m | +25.8% |
| Amounts payable after more than one year | 17 | €500,000 | €1,020,504 | +€520,504 | +104.1% |
| Financial debts | 170/4 | - | €520,504 | +€520,504 | |
| Other amounts payable | 178/9 | €500,000 | €500,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €4,544,068 | €5,309,236 | +€765,168 | +16.8% |
| Current portion of amounts payable after more than one year | 42 | - | €215,671 | +€215,671 | |
| Financial debts | 43 | €2,583,807 | €3,350,000 | +€766,193 | +29.7% |
| Credit institutions | 430/8 | €2,583,807 | €3,350,000 | +€766,193 | +29.7% |
| Trade debts | 44 | €1,768,281 | €1,224,398 | -€543,883 | -30.8% |
| Suppliers | 440/4 | €1,768,281 | €1,224,398 | -€543,883 | -30.8% |
| Taxes, remuneration and social security | 45 | €190,180 | €209,167 | +€18,987 | +10.0% |
| Taxes | 450/3 | €31,472 | €9,581 | -€21,892 | -69.6% |
| Remuneration and social security | 454/9 | €158,707 | €199,586 | +€40,879 | +25.8% |
| Other amounts payable | 47/48 | €1,800 | €310,000 | +€308,200 | +17122.2% |
| Accrued charges and deferred income | 492/3 | €20,000 | €40,000 | +€20,000 | +100.0% |
| Non-recurring operating income | 76A | €5,638 | €0 | -€5,638 | -100.0% |
| Remuneration, social security and pensions | 62 | €2,150,722 | €2,001,784 | -€148,938 | -6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,120 | €154,300 | +€134,180 | +666.9% |
| Other operating charges | 640/8 | €18,600 | €17,471 | -€1,129 | -6.1% |
| Non-recurring operating charges | 66A | €4,201 | €0 | -€4,201 | -100.0% |
| Gross operating margin | 9900 | €2,461,476 | €2,881,475 | +€419,998 | +17.1% |
| Operating profit (loss) | 9901 | €267,834 | €707,919 | +€440,085 | +164.3% |
| Financial income | 75/76B | €4,813 | €3,850 | -€963 | -20.0% |
| Recurring financial income | 75 | €4,813 | €3,850 | -€963 | -20.0% |
| Financial charges | 65/66B | €242,070 | €251,620 | +€9,550 | +3.9% |
| Recurring financial charges | 65 | €242,070 | €251,620 | +€9,550 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | €30,577 | €460,149 | +€429,572 | +1404.9% |
| Income taxes | 67/77 | €22,028 | €131,093 | +€109,065 | +495.1% |
| Profit (loss) for the period | 9904 | €8,549 | €329,056 | +€320,507 | +3748.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,549 | €329,056 | +€320,507 | +3748.9% |
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 12 October 2026 via checked.be.