LIZIN: 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.
LIZIN
Largest movements
- Receivables within one year +€66,975
up €66,975 (+17.8%), from €376,575 to €443,550
of which Trade receivables: +€87,549
- Cash +€41,177
up €41,177 (+41.5%), from €99,271 to €140,448
mainly Net result for the year (+€122,643) and Depreciation (+€62,240)
- Stocks and contracts +€24,143
up €24,143 (+5.3%), from €459,106 to €483,249
- Tangible fixed assets +€21,180
up €21,180 (+11.3%), from €187,386 to €208,565
of which Land and buildings: +€51,120
- Reserves +€92,643
up €92,643 (+1029.5%), from €8,999 to €101,642
of which Distributable reserves: +€92,643
- Trade debts +€46,618
up €46,618 (+21.9%), from €213,100 to €259,718
- Other debts +€32,072
up €32,072 (+197.3%), from €16,252 to €48,324
- Tax, wage and social debts -€18,766
down €18,766 (-38.7%), from €48,478 to €29,712
of which Remuneration and social security: -€11,476
- Gross operating margin +€78,666
up €78,666 (+21.1%), from €372,720 to €451,385
- Taxes +€15,577
up €15,577 (+69.8%), from €22,318 to €37,895
- Write-downs -€15,047
down €15,047, from €14,510 to -€537
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 | €1,122,363 | €1,275,838 | +€153,475 | +13.7% |
| Fixed assets | 21/28 | €187,411 | €208,590 | +€21,180 | +11.3% |
| Tangible fixed assets | 22/27 | €187,386 | €208,565 | +€21,180 | +11.3% |
| Land and buildings | 22 | - | €51,120 | +€51,120 | |
| Plant, machinery and equipment | 23 | €28,455 | €29,109 | +€654 | +2.3% |
| Furniture and vehicles | 24 | €47,937 | €51,991 | +€4,053 | +8.5% |
| Leasing and similar rights | 25 | €110,994 | €74,699 | -€36,294 | -32.7% |
| Other tangible fixed assets | 26 | - | €1,647 | +€1,647 | |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €934,952 | €1,067,248 | +€132,296 | +14.2% |
| Stocks and contracts in progress | 3 | €459,106 | €483,249 | +€24,143 | +5.3% |
| Stocks | 30/36 | €459,106 | €483,249 | +€24,143 | +5.3% |
| Amounts receivable within one year | 40/41 | €376,575 | €443,550 | +€66,975 | +17.8% |
| Trade receivables | 40 | €356,002 | €443,550 | +€87,549 | +24.6% |
| Other amounts receivable | 41 | €20,573 | - | -€20,573 | |
| Cash at bank and in hand | 54/58 | €99,271 | €140,448 | +€41,177 | +41.5% |
| Total equity and liabilities | 10/49 | €1,122,363 | €1,275,838 | +€153,475 | +13.7% |
| Equity | 10/15 | €508,439 | €601,082 | +€92,643 | +18.2% |
| Contributions | 10/11 | €89,985 | €89,985 | = | 0.0% |
| Capital | 10 | €89,985 | - | -€89,985 | |
| Issued capital | 100 | €89,985 | - | -€89,985 | |
| Contributions outside capital | 11 | - | €89,985 | +€89,985 | |
| Other | 1109/19 | - | €89,985 | +€89,985 | |
| Reserves | 13 | €8,999 | €101,642 | +€92,643 | +1029.5% |
| Non-distributable reserves | 130/1 | €8,999 | €8,999 | = | 0.0% |
| Legal reserve | 130 | €8,999 | €8,999 | = | 0.0% |
| Distributable reserves | 133 | - | €92,643 | +€92,643 | |
| Profit (loss) carried forward | 14 | €409,455 | €409,455 | = | 0.0% |
| Amounts payable | 17/49 | €613,923 | €674,756 | +€60,832 | +9.9% |
| Amounts payable after more than one year | 17 | €171,332 | €168,443 | -€2,889 | -1.7% |
| Financial debts | 170/4 | €171,332 | €168,443 | -€2,889 | -1.7% |
| Amounts payable within one year | 42/48 | €440,185 | €505,712 | +€65,527 | +14.9% |
| Current portion of amounts payable after more than one year | 42 | €74,425 | €76,487 | +€2,062 | +2.8% |
| Financial debts | 43 | €87,929 | €91,471 | +€3,541 | +4.0% |
| Credit institutions | 430/8 | €87,929 | €91,471 | +€3,541 | +4.0% |
| Trade debts | 44 | €213,100 | €259,718 | +€46,618 | +21.9% |
| Suppliers | 440/4 | €213,100 | €259,718 | +€46,618 | +21.9% |
| Taxes, remuneration and social security | 45 | €48,478 | €29,712 | -€18,766 | -38.7% |
| Taxes | 450/3 | €17,769 | €10,479 | -€7,290 | -41.0% |
| Remuneration and social security | 454/9 | €30,709 | €19,234 | -€11,476 | -37.4% |
| Other amounts payable | 47/48 | €16,252 | €48,324 | +€32,072 | +197.3% |
| Accrued charges and deferred income | 492/3 | €2,406 | €600 | -€1,806 | -75.1% |
| Remuneration, social security and pensions | 62 | €209,807 | €206,819 | -€2,988 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,778 | €62,240 | -€1,539 | -2.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,510 | -€537 | -€15,047 | |
| Other operating charges | 640/8 | €9,486 | €9,301 | -€185 | -2.0% |
| Gross operating margin | 9900 | €372,720 | €451,385 | +€78,666 | +21.1% |
| Operating profit (loss) | 9901 | €75,138 | €173,562 | +€98,424 | +131.0% |
| Financial income | 75/76B | €551 | €648 | +€97 | +17.7% |
| Recurring financial income | 75 | €551 | €648 | +€97 | +17.7% |
| Financial charges | 65/66B | €15,883 | €13,672 | -€2,211 | -13.9% |
| Recurring financial charges | 65 | €15,883 | €13,672 | -€2,211 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €59,805 | €160,538 | +€100,733 | +168.4% |
| Income taxes | 67/77 | €22,318 | €37,895 | +€15,577 | +69.8% |
| Profit (loss) for the period | 9904 | €37,487 | €122,643 | +€85,156 | +227.2% |
| Profit (loss) for the period to be appropriated | 9905 | €37,487 | €122,643 | +€85,156 | +227.2% |
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 10 October 2026 via checked.be.