Isabel Lillywhite: 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.
Isabel Lillywhite
Largest movements
- Cash +€33,655
up €33,655 (+63.3%), from €53,173 to €86,828
mainly Other debts (+€63,954) and Net result for the year (+€28,508)
- Receivables within one year +€2,783
up €2,783 (+19.7%), from €14,157 to €16,940
- Other debts +€63,954
up €63,954 (+38,134%), from €168 to €64,122
- Profit (loss) carried forward -€42,718
down €42,718 (-100%), from €42,718 to €0
- Tax, wage and social debts +€16,397
up €16,397 (+83.6%), from €19,610 to €36,008
of which Taxes: +€21,482
- Trade debts -€1,785
down €1,785 (-75.5%), from €2,363 to €578
- Gross operating margin +€11,173
up €11,173 (+35.1%), from €31,870 to €43,042
- Taxes +€6,188
up €6,188 (+102%), from €6,044 to €12,231
- Financial charges -€502
down €502 (-23.3%), from €2,152 to €1,650
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 | €68,859 | €104,708 | +€35,849 | +52.1% |
| Fixed assets | 21/28 | €1,529 | €939 | -€589 | -38.6% |
| Tangible fixed assets | 22/27 | €1,229 | €639 | -€589 | -48.0% |
| Plant, machinery and equipment | 23 | €699 | €533 | -€166 | -23.8% |
| Furniture and vehicles | 24 | €530 | €107 | -€423 | -79.9% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €67,330 | €103,768 | +€36,438 | +54.1% |
| Amounts receivable within one year | 40/41 | €14,157 | €16,940 | +€2,783 | +19.7% |
| Trade receivables | 40 | €14,157 | €16,940 | +€2,783 | +19.7% |
| Cash at bank and in hand | 54/58 | €53,173 | €86,828 | +€33,655 | +63.3% |
| Total equity and liabilities | 10/49 | €68,859 | €104,708 | +€35,849 | +52.1% |
| Equity | 10/15 | €46,718 | €4,000 | -€42,718 | -91.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,718 | €0 | -€42,718 | -100% |
| Amounts payable | 17/49 | €22,141 | €100,708 | +€78,567 | +355% |
| Amounts payable within one year | 42/48 | €22,141 | €100,708 | +€78,567 | +355% |
| Trade debts | 44 | €2,363 | €578 | -€1,785 | -75.5% |
| Suppliers | 440/4 | €2,363 | €578 | -€1,785 | -75.5% |
| Taxes, remuneration and social security | 45 | €19,610 | €36,008 | +€16,397 | +83.6% |
| Taxes | 450/3 | €14,526 | €36,008 | +€21,482 | +148% |
| Remuneration and social security | 454/9 | €5,085 | €0 | -€5,085 | -100% |
| Other amounts payable | 47/48 | €168 | €64,122 | +€63,954 | +38,134% |
| Remuneration, social security and pensions | 62 | €244 | €0 | -€244 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €556 | €589 | +€33 | +6.0% |
| Other operating charges | 640/8 | €371 | €63 | -€308 | -83.0% |
| Gross operating margin | 9900 | €31,870 | €43,042 | +€11,173 | +35.1% |
| Operating profit (loss) | 9901 | €30,698 | €42,390 | +€11,692 | +38.1% |
| Financial income | 75/76B | €131 | €0 | -€131 | -100% |
| Recurring financial income | 75 | €131 | €0 | -€131 | -100% |
| Financial charges | 65/66B | €2,152 | €1,650 | -€502 | -23.3% |
| Recurring financial charges | 65 | €2,152 | €1,650 | -€502 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €28,677 | €40,740 | +€12,063 | +42.1% |
| Income taxes | 67/77 | €6,044 | €12,231 | +€6,188 | +102% |
| Profit (loss) for the period | 9904 | €22,633 | €28,508 | +€5,876 | +26.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,633 | €28,508 | +€5,876 | +26.0% |
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 24 October 2026 via checked.be.