LZR: 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.
LZR
Largest movements
- Tangible fixed assets -€6,512
down €6,512 (-55.2%), from €11,792 to €5,280
of which Furniture and vehicles: -€4,144
- Cash +€5,593
up €5,593 (+625.7%), from €894 to €6,487
mainly Net result for the year (+€5,929) and Depreciation (+€5,082)
- Receivables within one year +€2,913
up €2,913 (+1557.0%), from €187 to €3,100
- Deferred charges and accrued income +€347
up €347 (+441.3%), from €79 to €426
- Current investments -€195
down €195 (-97.6%), from €200 to €5
- Profit (loss) carried forward +€5,929
up €5,929 (+11.6%), from -€51,326 to -€45,397
- Debts after one year -€5,750
down €5,750 (-16.4%), from €35,000 to €29,250
- Other debts +€3,425
up €3,425 (+93.4%), from €3,667 to €7,092
- Trade debts -€1,519
down €1,519 (-37.9%), from €4,006 to €2,487
- Other operating charges -€19,514
down €19,514 (-95.2%), from €20,504 to €990
- Gross operating margin +€11,574
up €11,574 (+1249.5%), from €926 to €12,500
- Depreciation -€8,643
down €8,643 (-63.0%), from €13,726 to €5,082
- Taxes +€175
new in 2025: €175
- Financial charges +€157
up €157 (+93.4%), from €168 to €324
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 | €13,152 | €15,298 | +€2,146 | +16.3% |
| Fixed assets | 21/28 | €11,792 | €5,280 | -€6,512 | -55.2% |
| Tangible fixed assets | 22/27 | €11,792 | €5,280 | -€6,512 | -55.2% |
| Plant, machinery and equipment | 23 | €1,367 | €1,011 | -€356 | -26.0% |
| Furniture and vehicles | 24 | €4,364 | €221 | -€4,144 | -94.9% |
| Other tangible fixed assets | 26 | €4,631 | €4,048 | -€583 | -12.6% |
| Assets under construction and advance payments | 27 | €1,430 | - | -€1,430 | |
| Current assets | 29/58 | €1,360 | €10,018 | +€8,658 | +636.8% |
| Amounts receivable within one year | 40/41 | €187 | €3,100 | +€2,913 | +1557.0% |
| Trade receivables | 40 | €187 | €3,100 | +€2,913 | +1557.0% |
| Current investments | 50/53 | €200 | €5 | -€195 | -97.6% |
| Cash at bank and in hand | 54/58 | €894 | €6,487 | +€5,593 | +625.7% |
| Deferred charges and accrued income | 490/1 | €79 | €426 | +€347 | +441.3% |
| Total equity and liabilities | 10/49 | €13,152 | €15,298 | +€2,146 | +16.3% |
| Equity | 10/15 | -€32,200 | -€26,271 | +€5,929 | +18.4% |
| Contributions | 10/11 | €18,601 | €18,601 | = | 0.0% |
| Reserves | 13 | €525 | €525 | = | 0.0% |
| Non-distributable reserves | 130/1 | €525 | €525 | = | 0.0% |
| Reserves not available under the articles | 1311 | €525 | €525 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,326 | -€45,397 | +€5,929 | +11.6% |
| Amounts payable | 17/49 | €45,352 | €41,569 | -€3,783 | -8.3% |
| Amounts payable after more than one year | 17 | €35,000 | €29,250 | -€5,750 | -16.4% |
| Other amounts payable | 178/9 | €35,000 | €29,250 | -€5,750 | -16.4% |
| Amounts payable within one year | 42/48 | €10,352 | €12,319 | +€1,967 | +19.0% |
| Trade debts | 44 | €4,006 | €2,487 | -€1,519 | -37.9% |
| Suppliers | 440/4 | €4,006 | €2,487 | -€1,519 | -37.9% |
| Taxes, remuneration and social security | 45 | €2,679 | €2,740 | +€61 | +2.3% |
| Taxes | 450/3 | €2,679 | €2,740 | +€61 | +2.3% |
| Other amounts payable | 47/48 | €3,667 | €7,092 | +€3,425 | +93.4% |
| Non-recurring operating income | 76A | - | €2,913 | +€2,913 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,726 | €5,082 | -€8,643 | -63.0% |
| Other operating charges | 640/8 | €20,504 | €990 | -€19,514 | -95.2% |
| Gross operating margin | 9900 | €926 | €12,500 | +€11,574 | +1249.5% |
| Operating profit (loss) | 9901 | -€33,304 | €6,427 | +€39,731 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -83.9% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -83.9% |
| Financial charges | 65/66B | €168 | €324 | +€157 | +93.4% |
| Recurring financial charges | 65 | €168 | €324 | +€157 | +93.4% |
| Profit (loss) for the period before taxes | 9903 | -€33,471 | €6,103 | +€39,574 | |
| Income taxes | 67/77 | - | €175 | +€175 | |
| Profit (loss) for the period | 9904 | -€33,471 | €5,929 | +€39,400 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,471 | €5,929 | +€39,400 |
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 8 October 2026 via checked.be.