LSZ Consulting: 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.
LSZ Consulting
Largest movements
- Cash +€161,921
up €161,921 (+71.0%), from €227,949 to €389,870
mainly Net result for the year (+€222,132) and Tax, wage and social debts (+€72,561)
- Receivables within one year +€82,525
up €82,525 (+208%), from €39,604 to €122,129
of which Other amounts receivable: +€67,591
- Financial fixed assets +€50,000
new in 2025: €50,000
- Tangible fixed assets -€13,276
down €13,276 (-24.9%), from €53,317 to €40,041
- Profit (loss) carried forward +€222,132
up €222,132 (+107%), from €207,434 to €429,566
- Tax, wage and social debts +€72,561
up €72,561 (+114%), from €63,378 to €135,939
of which Taxes: +€71,397
- Current portion of long-term debt -€11,748
no longer reported in 2025 (was €11,748)
- Gross operating margin +€35,817
up €35,817 (+12.9%), from €276,728 to €312,545
- Taxes +€12,552
up €12,552 (+20.5%), from €61,111 to €73,663
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.
Derived cash bridge
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 | €326,572 | €608,696 | +€282,124 | +86.4% |
| Fixed assets | 21/28 | €53,317 | €90,041 | +€36,724 | +68.9% |
| Tangible fixed assets | 22/27 | €53,317 | €40,041 | -€13,276 | -24.9% |
| Furniture and vehicles | 24 | €53,317 | €40,041 | -€13,276 | -24.9% |
| Financial fixed assets | 28 | - | €50,000 | +€50,000 | |
| Current assets | 29/58 | €273,255 | €518,656 | +€245,401 | +89.8% |
| Amounts receivable within one year | 40/41 | €39,604 | €122,129 | +€82,525 | +208% |
| Trade receivables | 40 | €12,515 | €27,449 | +€14,934 | +119% |
| Other amounts receivable | 41 | €27,089 | €94,680 | +€67,591 | +250% |
| Cash at bank and in hand | 54/58 | €227,949 | €389,870 | +€161,921 | +71.0% |
| Deferred charges and accrued income | 490/1 | €5,702 | €6,657 | +€955 | +16.8% |
| Total equity and liabilities | 10/49 | €326,572 | €608,696 | +€282,124 | +86.4% |
| Equity | 10/15 | €210,434 | €432,566 | +€222,132 | +106% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €207,434 | €429,566 | +€222,132 | +107% |
| Amounts payable | 17/49 | €116,138 | €176,131 | +€59,993 | +51.7% |
| Amounts payable after more than one year | 17 | €39,387 | €39,387 | = | 0.0% |
| Financial debts | 170/4 | €39,387 | €39,387 | = | 0.0% |
| Amounts payable within one year | 42/48 | €76,751 | €136,743 | +€59,993 | +78.2% |
| Current portion of amounts payable after more than one year | 42 | €11,748 | - | -€11,748 | |
| Trade debts | 44 | €1,625 | €805 | -€820 | -50.5% |
| Suppliers | 440/4 | €1,625 | €805 | -€820 | -50.5% |
| Taxes, remuneration and social security | 45 | €63,378 | €135,939 | +€72,561 | +114% |
| Taxes | 450/3 | €63,378 | €134,774 | +€71,397 | +113% |
| Remuneration and social security | 454/9 | - | €1,164 | +€1,164 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,022 | €13,276 | +€1,254 | +10.4% |
| Other operating charges | 640/8 | €2,763 | €1,398 | -€1,366 | -49.4% |
| Gross operating margin | 9900 | €276,728 | €312,545 | +€35,817 | +12.9% |
| Operating profit (loss) | 9901 | €261,942 | €297,871 | +€35,929 | +13.7% |
| Financial charges | 65/66B | €2,226 | €2,077 | -€150 | -6.7% |
| Recurring financial charges | 65 | €2,226 | €2,077 | -€150 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €259,716 | €295,795 | +€36,079 | +13.9% |
| Income taxes | 67/77 | €61,111 | €73,663 | +€12,552 | +20.5% |
| Profit (loss) for the period | 9904 | €198,605 | €222,132 | +€23,527 | +11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €198,605 | €222,132 | +€23,527 | +11.8% |
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 23 October 2026 via checked.be.