LISA: 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.
LISA
Largest movements
- Receivables within one year -€9,469
down €9,469 (-49.2%), from €19,249 to €9,780
of which Trade receivables: -€9,271
- Cash +€6,064
up €6,064 (+106%), from €5,732 to €11,796
mainly Other debts (+€10,341) and Receivables within one year (+€9,469)
- Tangible fixed assets -€5,542
down €5,542 (-53.5%), from €10,366 to €4,825
of which Furniture and vehicles: -€4,375
- Stocks and contracts +€5,030
up €5,030 (+32.5%), from €15,500 to €20,530
- Trade debts -€11,251
down €11,251 (-40.9%), from €27,477 to €16,226
- Other debts +€10,341
up €10,341 (+43.7%), from €23,664 to €34,006
- Profit (loss) carried forward +€8,980
up €8,980 (+15.1%), from -€59,638 to -€50,658
- Debts after one year -€8,513
down €8,513 (-62.2%), from €13,695 to €5,181
- Current portion of long-term debt -€2,763
down €2,763 (-24.5%), from €11,276 to €8,513
- Gross operating margin +€33,409
up €33,409, from -€12,099 to €21,309
- Staff costs -€9,847
no longer reported in 2025 (was €9,847)
- Depreciation -€4,054
down €4,054 (-37.7%), from €10,741 to €6,687
- Financial charges -€1,051
down €1,051 (-25.6%), from €4,096 to €3,045
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 | €60,020 | €55,604 | -€4,416 | -7.4% |
| Fixed assets | 21/28 | €16,966 | €11,425 | -€5,542 | -32.7% |
| Tangible fixed assets | 22/27 | €10,366 | €4,825 | -€5,542 | -53.5% |
| Plant, machinery and equipment | 23 | €1,448 | €942 | -€506 | -35.0% |
| Furniture and vehicles | 24 | €7,321 | €2,946 | -€4,375 | -59.8% |
| Other tangible fixed assets | 26 | €1,598 | €937 | -€661 | -41.4% |
| Financial fixed assets | 28 | €6,600 | €6,600 | = | 0.0% |
| Current assets | 29/58 | €43,054 | €44,180 | +€1,126 | +2.6% |
| Stocks and contracts in progress | 3 | €15,500 | €20,530 | +€5,030 | +32.5% |
| Stocks | 30/36 | €15,500 | €20,530 | +€5,030 | +32.5% |
| Amounts receivable within one year | 40/41 | €19,249 | €9,780 | -€9,469 | -49.2% |
| Trade receivables | 40 | €18,843 | €9,572 | -€9,271 | -49.2% |
| Other amounts receivable | 41 | €406 | €208 | -€198 | -48.7% |
| Cash at bank and in hand | 54/58 | €5,732 | €11,796 | +€6,064 | +106% |
| Deferred charges and accrued income | 490/1 | €2,574 | €2,074 | -€499 | -19.4% |
| Total equity and liabilities | 10/49 | €60,020 | €55,604 | -€4,416 | -7.4% |
| Equity | 10/15 | -€26,638 | -€17,658 | +€8,980 | +33.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,638 | -€50,658 | +€8,980 | +15.1% |
| Amounts payable | 17/49 | €86,658 | €73,262 | -€13,396 | -15.5% |
| Amounts payable after more than one year | 17 | €13,695 | €5,181 | -€8,513 | -62.2% |
| Financial debts | 170/4 | €13,695 | €5,181 | -€8,513 | -62.2% |
| Amounts payable within one year | 42/48 | €72,930 | €68,081 | -€4,849 | -6.6% |
| Current portion of amounts payable after more than one year | 42 | €11,276 | €8,513 | -€2,763 | -24.5% |
| Trade debts | 44 | €27,477 | €16,226 | -€11,251 | -40.9% |
| Suppliers | 440/4 | €27,477 | €16,226 | -€11,251 | -40.9% |
| Advances received on contracts in progress | 46 | €548 | €500 | -€47 | -8.7% |
| Taxes, remuneration and social security | 45 | €9,964 | €8,835 | -€1,129 | -11.3% |
| Taxes | 450/3 | €7,239 | €7,109 | -€129 | -1.8% |
| Remuneration and social security | 454/9 | €2,726 | €1,726 | -€1,000 | -36.7% |
| Other amounts payable | 47/48 | €23,664 | €34,006 | +€10,341 | +43.7% |
| Accrued charges and deferred income | 492/3 | €34 | - | -€34 | |
| Remuneration, social security and pensions | 62 | €9,847 | - | -€9,847 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,741 | €6,687 | -€4,054 | -37.7% |
| Other operating charges | 640/8 | €2,270 | €2,364 | +€94 | +4.1% |
| Gross operating margin | 9900 | -€12,099 | €21,309 | +€33,409 | |
| Operating profit (loss) | 9901 | -€34,957 | €12,259 | +€47,215 | |
| Financial income | 75/76B | €5 | €107 | +€102 | +1,862% |
| Recurring financial income | 75 | €5 | €107 | +€102 | +1,862% |
| Financial charges | 65/66B | €4,096 | €3,045 | -€1,051 | -25.6% |
| Recurring financial charges | 65 | €4,096 | €3,045 | -€1,051 | -25.6% |
| Profit (loss) for the period before taxes | 9903 | -€39,047 | €9,321 | +€48,368 | |
| Income taxes | 67/77 | €360 | €341 | -€19 | -5.4% |
| Profit (loss) for the period | 9904 | -€39,407 | €8,980 | +€48,387 | |
| Profit (loss) for the period to be appropriated | 9905 | -€39,407 | €8,980 | +€48,387 |
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 15 October 2026 via checked.be.