LORZAN: what changed
Two fiscal 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.
LORZAN
Largest movements
- Tangible fixed assets +€536,402
up €536,402 (+77.3%), from €693,550 to €1.2m
of which Assets under construction and advance payments: +€544,990
- Debts after one year +€489,145
up €489,145 (+91.6%), from €533,801 to €1.0m
- Trade debts +€24,582
up €24,582 (+713.7%), from €3,444 to €28,026
- Profit (loss) carried forward +€21,112
up €21,112 (+40.7%), from -€51,846 to -€30,734
- Gross operating margin +€33,132
up €33,132 (+4889.6%), from €678 to €33,810
- Turnover -€30,600
no longer reported in 2025 (was €30,600)
- Purchases and services -€29,922
no longer reported in 2025 (was €29,922)
- Other operating charges -€2,325
down €2,325 (-45.2%), from €5,146 to €2,820
- Taxes +€1,027
no longer reported in 2025 (was -€1,027)
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 | €701,621 | €1,245,793 | +€544,172 | +77.6% |
| Fixed assets | 21/28 | €693,672 | €1,230,075 | +€536,402 | +77.3% |
| Tangible fixed assets | 22/27 | €693,550 | €1,229,953 | +€536,402 | +77.3% |
| Land and buildings | 22 | €609,969 | €601,381 | -€8,588 | -1.4% |
| Assets under construction and advance payments | 27 | €83,581 | €628,571 | +€544,990 | +652.0% |
| Financial fixed assets | 28 | €122 | €122 | = | 0.0% |
| Current assets | 29/58 | €7,949 | €15,719 | +€7,770 | +97.7% |
| Amounts receivable after more than one year | 29 | - | €3,500 | +€3,500 | |
| Other amounts receivable | 291 | - | €3,500 | +€3,500 | |
| Amounts receivable within one year | 40/41 | €4,919 | €8,000 | +€3,081 | +62.6% |
| Trade receivables | 40 | €4,233 | €8,000 | +€3,767 | +89.0% |
| Other amounts receivable | 41 | €686 | - | -€686 | |
| Cash at bank and in hand | 54/58 | €2,812 | €2,762 | -€50 | -1.8% |
| Deferred charges and accrued income | 490/1 | €218 | €1,457 | +€1,238 | +567.2% |
| Total equity and liabilities | 10/49 | €701,621 | €1,245,793 | +€544,172 | +77.6% |
| Equity | 10/15 | €93,678 | €114,791 | +€21,112 | +22.5% |
| Contributions | 10/11 | €145,525 | €145,525 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,846 | -€30,734 | +€21,112 | +40.7% |
| Amounts payable | 17/49 | €607,943 | €1,131,003 | +€523,060 | +86.0% |
| Amounts payable after more than one year | 17 | €533,801 | €1,022,946 | +€489,145 | +91.6% |
| Financial debts | 170/4 | €533,801 | €1,022,946 | +€489,145 | +91.6% |
| Amounts payable within one year | 42/48 | €69,527 | €104,792 | +€35,264 | +50.7% |
| Trade debts | 44 | €3,444 | €28,026 | +€24,582 | +713.7% |
| Suppliers | 440/4 | €3,444 | €28,026 | +€24,582 | +713.7% |
| Other amounts payable | 47/48 | €66,083 | €76,766 | +€10,683 | +16.2% |
| Accrued charges and deferred income | 492/3 | €4,614 | €3,264 | -€1,350 | -29.3% |
| Turnover | 70 | €30,600 | - | -€30,600 | |
| Goods, raw materials, services and sundry goods | 60/61 | €29,922 | - | -€29,922 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,368 | €8,588 | +€220 | +2.6% |
| Other operating charges | 640/8 | €5,146 | €2,820 | -€2,325 | -45.2% |
| Gross operating margin | 9900 | €678 | €33,810 | +€33,132 | +4889.6% |
| Operating profit (loss) | 9901 | -€12,835 | €22,402 | +€35,237 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €358 | €1,290 | +€931 | +260.1% |
| Recurring financial charges | 65 | €358 | €1,290 | +€931 | +260.1% |
| Profit (loss) for the period before taxes | 9903 | -€13,194 | €21,112 | +€34,306 | |
| Income taxes | 67/77 | -€1,027 | - | +€1,027 | |
| Profit (loss) for the period | 9904 | -€12,166 | €21,112 | +€33,278 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,166 | €21,112 | +€33,278 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.