DR. LISSENS PETER: 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.
DR. LISSENS PETER
Largest movements
- Current investments +€233,430
up €233,430 (+80.6%), from €289,457 to €522,887
- Cash -€66,917
down €66,917 (-20.9%), from €320,828 to €253,911
mainly Current investments (-€233,430) and Other debts (-€55,006)
- Reserves +€232,691
up €232,691 (+24.0%), from €969,982 to €1.2m
- Other debts -€55,006
down €55,006 (-70.6%), from €77,858 to €22,852
- Gross operating margin +€49,838
up €49,838 (+15.4%), from €324,244 to €374,081
- Taxes +€16,188
up €16,188 (+18.5%), from €87,508 to €103,696
- Financial income +€9,864
up €9,864 (+191%), from €5,176 to €15,040
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 | €1,150,452 | €1,311,155 | +€160,703 | +14.0% |
| Fixed assets | 21/28 | €508,642 | €509,246 | +€604 | +0.1% |
| Tangible fixed assets | 22/27 | €508,567 | €509,171 | +€604 | +0.1% |
| Land and buildings | 22 | €378,518 | €366,318 | -€12,200 | -3.2% |
| Plant, machinery and equipment | 23 | €102,690 | €128,511 | +€25,822 | +25.1% |
| Furniture and vehicles | 24 | €26,223 | €13,490 | -€12,733 | -48.6% |
| Other tangible fixed assets | 26 | €1,135 | €851 | -€284 | -25.0% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €641,810 | €801,909 | +€160,098 | +24.9% |
| Amounts receivable within one year | 40/41 | €12,668 | €5,602 | -€7,066 | -55.8% |
| Trade receivables | 40 | €12,668 | €5,602 | -€7,066 | -55.8% |
| Current investments | 50/53 | €289,457 | €522,887 | +€233,430 | +80.6% |
| Cash at bank and in hand | 54/58 | €320,828 | €253,911 | -€66,917 | -20.9% |
| Deferred charges and accrued income | 490/1 | €18,858 | €19,508 | +€651 | +3.4% |
| Total equity and liabilities | 10/49 | €1,150,452 | €1,311,155 | +€160,703 | +14.0% |
| Equity | 10/15 | €982,382 | €1,215,073 | +€232,691 | +23.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €969,982 | €1,202,673 | +€232,691 | +24.0% |
| Distributable reserves | 133 | €969,982 | €1,202,673 | +€232,691 | +24.0% |
| Amounts payable | 17/49 | €168,070 | €96,082 | -€71,988 | -42.8% |
| Amounts payable after more than one year | 17 | €44,980 | €34,949 | -€10,031 | -22.3% |
| Financial debts | 170/4 | €44,980 | €34,949 | -€10,031 | -22.3% |
| Amounts payable within one year | 42/48 | €120,605 | €57,706 | -€62,899 | -52.2% |
| Current portion of amounts payable after more than one year | 42 | €9,991 | €10,031 | +€40 | +0.4% |
| Trade debts | 44 | €6,800 | €5,987 | -€813 | -12.0% |
| Suppliers | 440/4 | €6,800 | €5,987 | -€813 | -12.0% |
| Taxes, remuneration and social security | 45 | €25,955 | €18,836 | -€7,120 | -27.4% |
| Taxes | 450/3 | €25,955 | €18,836 | -€7,120 | -27.4% |
| Other amounts payable | 47/48 | €77,858 | €22,852 | -€55,006 | -70.6% |
| Accrued charges and deferred income | 492/3 | €2,486 | €3,427 | +€942 | +37.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,507 | €42,180 | +€1,673 | +4.1% |
| Other operating charges | 640/8 | €3,089 | €2,288 | -€801 | -25.9% |
| Gross operating margin | 9900 | €324,244 | €374,081 | +€49,838 | +15.4% |
| Operating profit (loss) | 9901 | €280,647 | €329,613 | +€48,966 | +17.4% |
| Financial income | 75/76B | €5,176 | €15,040 | +€9,864 | +191% |
| Recurring financial income | 75 | €5,176 | €15,040 | +€9,864 | +191% |
| Financial charges | 65/66B | €4,751 | €8,266 | +€3,515 | +74.0% |
| Recurring financial charges | 65 | €4,751 | €8,266 | +€3,515 | +74.0% |
| Profit (loss) for the period before taxes | 9903 | €281,072 | €336,387 | +€55,315 | +19.7% |
| Income taxes | 67/77 | €87,508 | €103,696 | +€16,188 | +18.5% |
| Profit (loss) for the period | 9904 | €193,565 | €232,691 | +€39,126 | +20.2% |
| Profit (loss) for the period to be appropriated | 9905 | €193,565 | €232,691 | +€39,126 | +20.2% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.