Lizzaro: what changed
Lizzaro
Largest movements
- Tangible fixed assets +€89,569
new in 2025: €89,569
of which Leasing and similar rights: +€52,684
- Cash +€10,194
up €10,194 (+45,879%), from €22 to €10,217
mainly Other debts (+€39,973) and Debts after one year (+€39,901)
- Receivables within one year -€7,368
down €7,368 (-93.6%), from €7,874 to €506
of which Other amounts receivable: -€3,997
- Deferred charges and accrued income -€3,386
down €3,386 (-41.2%), from €8,216 to €4,829
- Other debts +€39,973
up €39,973 (+262%), from €15,253 to €55,226
- Debts after one year +€39,901
new in 2025: €39,901
- Trade debts +€13,787
up €13,787 (+35.7%), from €38,568 to €52,356
- Current portion of long-term debt +€9,496
new in 2025: €9,496
- Tax, wage and social debts -€7,226
down €7,226 (-88.3%), from €8,182 to €956
of which Taxes: -€7,770
- Gross operating margin +€46,243
up €46,243, from -€14,016 to €32,226
- Other operating charges -€20,362
down €20,362 (-80.8%), from €25,190 to €4,827
- Depreciation +€12,587
up €12,587 (+94,355%), from €13 to €12,600
- Financial charges +€9,932
up €9,932 (+216%), from €4,599 to €14,531
- Staff costs +€1,894
up €1,894 (+1,061%), from €179 to €2,073
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,112 | €105,620 | +€89,509 | +556% |
| Fixed assets | 21/28 | - | €90,069 | +€90,069 | |
| Tangible fixed assets | 22/27 | - | €89,569 | +€89,569 | |
| Plant, machinery and equipment | 23 | - | €13,567 | +€13,567 | |
| Leasing and similar rights | 25 | - | €52,684 | +€52,684 | |
| Other tangible fixed assets | 26 | - | €23,318 | +€23,318 | |
| Financial fixed assets | 28 | - | €500 | +€500 | |
| Current assets | 29/58 | €16,112 | €15,552 | -€560 | -3.5% |
| Amounts receivable within one year | 40/41 | €7,874 | €506 | -€7,368 | -93.6% |
| Trade receivables | 40 | €3,372 | - | -€3,372 | |
| Other amounts receivable | 41 | €4,502 | €506 | -€3,997 | -88.8% |
| Cash at bank and in hand | 54/58 | €22 | €10,217 | +€10,194 | +45,879% |
| Deferred charges and accrued income | 490/1 | €8,216 | €4,829 | -€3,386 | -41.2% |
| Total equity and liabilities | 10/49 | €16,112 | €105,620 | +€89,509 | +556% |
| Equity | 10/15 | -€45,892 | -€52,315 | -€6,423 | -14.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,352 | -€72,775 | -€6,423 | -9.7% |
| Amounts payable | 17/49 | €62,003 | €157,936 | +€95,932 | +155% |
| Amounts payable after more than one year | 17 | - | €39,901 | +€39,901 | |
| Financial debts | 170/4 | - | €39,901 | +€39,901 | |
| Amounts payable within one year | 42/48 | €62,003 | €118,034 | +€56,031 | +90.4% |
| Current portion of amounts payable after more than one year | 42 | - | €9,496 | +€9,496 | |
| Trade debts | 44 | €38,568 | €52,356 | +€13,787 | +35.7% |
| Suppliers | 440/4 | €38,568 | €52,356 | +€13,787 | +35.7% |
| Taxes, remuneration and social security | 45 | €8,182 | €956 | -€7,226 | -88.3% |
| Taxes | 450/3 | €8,182 | €411 | -€7,770 | -95.0% |
| Remuneration and social security | 454/9 | - | €544 | +€544 | |
| Other amounts payable | 47/48 | €15,253 | €55,226 | +€39,973 | +262% |
| Remuneration, social security and pensions | 62 | €179 | €2,073 | +€1,894 | +1,061% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13 | €12,600 | +€12,587 | +94,355% |
| Other operating charges | 640/8 | €25,190 | €4,827 | -€20,362 | -80.8% |
| Non-recurring operating charges | 66A | €2,213 | €4,660 | +€2,447 | +111% |
| Gross operating margin | 9900 | -€14,016 | €32,226 | +€46,243 | |
| Operating profit (loss) | 9901 | -€41,611 | €8,066 | +€49,677 | |
| Financial income | 75/76B | €3 | €41 | +€38 | +1,178% |
| Recurring financial income | 75 | €3 | €41 | +€38 | +1,178% |
| Financial charges | 65/66B | €4,599 | €14,531 | +€9,932 | +216% |
| Recurring financial charges | 65 | €4,599 | €14,531 | +€9,932 | +216% |
| Profit (loss) for the period before taxes | 9903 | -€46,206 | -€6,423 | +€39,783 | +86.1% |
| Profit (loss) for the period | 9904 | -€46,206 | -€6,423 | +€39,783 | +86.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,206 | -€6,423 | +€39,783 | +86.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.