LIS: 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.
LIS
Largest movements
- Receivables within one year +€14,760
up €14,760 (+9.9%), from €148,870 to €163,630
of which Trade receivables: +€19,758
- Cash -€11,741
down €11,741 (-48.3%), from €24,293 to €12,552
mainly Receivables within one year (-€14,760) and Deferred charges and accrued income (-€3,384)
- Deferred charges and accrued income +€3,384
new in 2025: €3,384
- Reserves +€6,189
up €6,189 (+10.8%), from €57,153 to €63,341
of which Distributable reserves: +€6,189
- Gross operating margin +€5,132
up €5,132 (+211%), from €2,433 to €7,565
- Financial charges +€107
up €107 (+91.1%), from €117 to €224
- Taxes +€100
up €100 (+18.7%), from €533 to €633
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 | €173,260 | €179,662 | +€6,402 | +3.7% |
| Fixed assets | 21/28 | €97 | €97 | = | 0.0% |
| Financial fixed assets | 28 | €97 | €97 | = | 0.0% |
| Current assets | 29/58 | €173,163 | €179,565 | +€6,402 | +3.7% |
| Amounts receivable within one year | 40/41 | €148,870 | €163,630 | +€14,760 | +9.9% |
| Trade receivables | 40 | €48,884 | €68,642 | +€19,758 | +40.4% |
| Other amounts receivable | 41 | €99,986 | €94,988 | -€4,998 | -5.0% |
| Cash at bank and in hand | 54/58 | €24,293 | €12,552 | -€11,741 | -48.3% |
| Deferred charges and accrued income | 490/1 | - | €3,384 | +€3,384 | |
| Total equity and liabilities | 10/49 | €173,260 | €179,662 | +€6,402 | +3.7% |
| Equity | 10/15 | €119,189 | €125,378 | +€6,189 | +5.2% |
| Contributions | 10/11 | €62,037 | €62,037 | = | 0.0% |
| Capital | 10 | €62,037 | €62,037 | = | 0.0% |
| Issued capital | 100 | €62,037 | €62,037 | = | 0.0% |
| Reserves | 13 | €57,153 | €63,341 | +€6,189 | +10.8% |
| Non-distributable reserves | 130/1 | €6,204 | €6,204 | = | 0.0% |
| Legal reserve | 130 | €6,204 | €6,204 | = | 0.0% |
| Distributable reserves | 133 | €50,949 | €57,137 | +€6,189 | +12.1% |
| Amounts payable | 17/49 | €54,071 | €54,284 | +€213 | +0.4% |
| Amounts payable within one year | 42/48 | €54,071 | €54,284 | +€213 | +0.4% |
| Trade debts | 44 | €47,272 | €47,734 | +€462 | +1.0% |
| Suppliers | 440/4 | €47,272 | €47,734 | +€462 | +1.0% |
| Taxes, remuneration and social security | 45 | €6,799 | €6,550 | -€249 | -3.7% |
| Taxes | 450/3 | €749 | - | -€749 | |
| Remuneration and social security | 454/9 | €6,050 | €6,550 | +€500 | +8.3% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €2,433 | €7,565 | +€5,132 | +211% |
| Operating profit (loss) | 9901 | €1,927 | €7,045 | +€5,117 | +265% |
| Financial charges | 65/66B | €117 | €224 | +€107 | +91.1% |
| Recurring financial charges | 65 | €117 | €224 | +€107 | +91.1% |
| Profit (loss) for the period before taxes | 9903 | €1,810 | €6,821 | +€5,011 | +277% |
| Income taxes | 67/77 | €533 | €633 | +€100 | +18.7% |
| Profit (loss) for the period | 9904 | €1,278 | €6,189 | +€4,911 | +384% |
| Profit (loss) for the period to be appropriated | 9905 | €1,278 | €6,189 | +€4,911 | +384% |
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 13 October 2026 via checked.be.