Evert Lissens: 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.
Evert Lissens
Largest movements
- Receivables within one year +€85,311
up €85,311 (+7,401%), from €1,153 to €86,464
- Tangible fixed assets -€20,709
down €20,709 (-6.2%), from €336,229 to €315,520
- Cash -€6,926
down €6,926 (-48.5%), from €14,288 to €7,362
mainly Receivables within one year (-€85,311) and Net result for the year (-€24,398)
- Debts after one year +€95,230
up €95,230 (+66.7%), from €142,717 to €237,947
- Reserves -€24,398
down €24,398 (-13.1%), from €186,183 to €161,785
- Current portion of long-term debt -€9,105
down €9,105 (-42.8%), from €21,262 to €12,157
- Short-term financial debts -€5,732
down €5,732 (-100%), from €5,732 to €0
- Financial charges +€11,768
up €11,768 (+398%), from €2,958 to €14,726
- Gross operating margin +€3,715
up €3,715 (+40.2%), from €9,249 to €12,964
- Other operating charges +€3,313
up €3,313 (+677%), from €489 to €3,802
- Financial income +€2,052
up €2,052 (+4,131%), from €50 to €2,102
- Depreciation -€1,468
down €1,468 (-6.6%), from €22,177 to €20,709
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 | €394,073 | €452,198 | +€58,124 | +14.7% |
| Fixed assets | 21/28 | €374,011 | €353,302 | -€20,709 | -5.5% |
| Tangible fixed assets | 22/27 | €336,229 | €315,520 | -€20,709 | -6.2% |
| Land and buildings | 22 | €238,468 | €232,128 | -€6,341 | -2.7% |
| Plant, machinery and equipment | 23 | €1,475 | €704 | -€771 | -52.3% |
| Furniture and vehicles | 24 | €7,698 | €2,256 | -€5,442 | -70.7% |
| Other tangible fixed assets | 26 | €88,588 | €80,433 | -€8,155 | -9.2% |
| Financial fixed assets | 28 | €37,782 | €37,782 | = | 0.0% |
| Current assets | 29/58 | €20,062 | €98,895 | +€78,834 | +393% |
| Amounts receivable within one year | 40/41 | €1,153 | €86,464 | +€85,311 | +7,401% |
| Other amounts receivable | 41 | €1,153 | €86,464 | +€85,311 | +7,401% |
| Cash at bank and in hand | 54/58 | €14,288 | €7,362 | -€6,926 | -48.5% |
| Deferred charges and accrued income | 490/1 | €4,622 | €5,070 | +€448 | +9.7% |
| Total equity and liabilities | 10/49 | €394,073 | €452,198 | +€58,124 | +14.7% |
| Equity | 10/15 | €213,783 | €189,385 | -€24,398 | -11.4% |
| Contributions | 10/11 | €27,600 | €27,600 | = | 0.0% |
| Reserves | 13 | €186,183 | €161,785 | -€24,398 | -13.1% |
| Distributable reserves | 133 | €186,183 | €161,785 | -€24,398 | -13.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €180,290 | €262,812 | +€82,523 | +45.8% |
| Amounts payable after more than one year | 17 | €142,717 | €237,947 | +€95,230 | +66.7% |
| Financial debts | 170/4 | €142,717 | €237,947 | +€95,230 | +66.7% |
| Amounts payable within one year | 42/48 | €37,283 | €24,576 | -€12,707 | -34.1% |
| Current portion of amounts payable after more than one year | 42 | €21,262 | €12,157 | -€9,105 | -42.8% |
| Financial debts | 43 | €5,732 | €0 | -€5,732 | -100% |
| Credit institutions | 430/8 | €5,732 | €0 | -€5,732 | -100% |
| Trade debts | 44 | €2,829 | €4,350 | +€1,521 | +53.8% |
| Suppliers | 440/4 | €2,829 | €4,350 | +€1,521 | +53.8% |
| Taxes, remuneration and social security | 45 | €59 | €267 | +€208 | +353% |
| Taxes | 450/3 | €59 | €267 | +€208 | +353% |
| Other amounts payable | 47/48 | €7,401 | €7,802 | +€401 | +5.4% |
| Accrued charges and deferred income | 492/3 | €290 | €290 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,177 | €20,709 | -€1,468 | -6.6% |
| Other operating charges | 640/8 | €489 | €3,802 | +€3,313 | +677% |
| Non-recurring operating charges | 66A | €647 | €0 | -€647 | -100% |
| Gross operating margin | 9900 | €9,249 | €12,964 | +€3,715 | +40.2% |
| Operating profit (loss) | 9901 | -€14,065 | -€11,547 | +€2,517 | +17.9% |
| Financial income | 75/76B | €50 | €2,102 | +€2,052 | +4,131% |
| Recurring financial income | 75 | €50 | €2,102 | +€2,052 | +4,131% |
| Financial charges | 65/66B | €2,958 | €14,726 | +€11,768 | +398% |
| Recurring financial charges | 65 | €2,958 | €14,726 | +€11,768 | +398% |
| Profit (loss) for the period before taxes | 9903 | -€16,974 | -€24,172 | -€7,199 | -42.4% |
| Income taxes | 67/77 | €216 | €226 | +€10 | +4.7% |
| Profit (loss) for the period | 9904 | -€17,190 | -€24,398 | -€7,209 | -41.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,190 | -€24,398 | -€7,209 | -41.9% |
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 26 October 2026 via checked.be.