LISA: what changed
Two fiscal 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
- Tangible fixed assets -€12,671
down €12,671 (-1.1%), from €1.1m to €1.1m
of which Land and buildings: -€58,141
- Profit (loss) carried forward -€46,091
down €46,091 (-52.3%), from -€88,061 to -€134,152
- Debts after one year +€23,900
new in 2025: €23,900
- Depreciation -€24,001
down €24,001 (-29.2%), from €82,155 to €58,154
- Gross operating margin +€17,683
new in 2025: €17,683
- Other operating charges -€417
down €417 (-7.1%), from €5,880 to €5,463
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.
Cash bridge derived
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 | €1,111,939 | €1,099,441 | -€12,498 | -1.1% |
| Fixed assets | 21/28 | €1,111,624 | €1,098,954 | -€12,671 | -1.1% |
| Tangible fixed assets | 22/27 | €1,111,624 | €1,098,954 | -€12,671 | -1.1% |
| Land and buildings | 22 | €1,111,624 | €1,053,483 | -€58,141 | -5.2% |
| Plant, machinery and equipment | 23 | - | €45,471 | +€45,471 | |
| Current assets | 29/58 | €315 | €488 | +€173 | +54.9% |
| Cash at bank and in hand | 54/58 | €315 | €488 | +€173 | +54.9% |
| Total equity and liabilities | 10/49 | €1,111,939 | €1,099,441 | -€12,498 | -1.1% |
| Equity | 10/15 | €1,111,939 | €1,065,848 | -€46,091 | -4.1% |
| Contributions | 10/11 | €1,200,000 | €1,200,000 | = | 0.0% |
| Outside capital | 11 | €1,200,000 | €1,200,000 | = | 0.0% |
| Share premium | 1100/10 | €1,200,000 | €1,200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€88,061 | -€134,152 | -€46,091 | -52.3% |
| Amounts payable | 17/49 | - | €33,593 | +€33,593 | |
| Amounts payable after more than one year | 17 | - | €23,900 | +€23,900 | |
| Other amounts payable | 178/9 | - | €23,900 | +€23,900 | |
| Amounts payable within one year | 42/48 | - | €9,693 | +€9,693 | |
| Other amounts payable | 47/48 | - | €9,693 | +€9,693 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,155 | €58,154 | -€24,001 | -29.2% |
| Other operating charges | 640/8 | €5,880 | €5,463 | -€417 | -7.1% |
| Gross operating margin | 9900 | - | €17,683 | +€17,683 | |
| Operating profit (loss) | 9901 | -€88,035 | -€45,934 | +€42,102 | +47.8% |
| Financial charges | 65/66B | €26 | €158 | +€132 | +513.6% |
| Recurring financial charges | 65 | €26 | €158 | +€132 | +513.6% |
| Profit (loss) for the period before taxes | 9903 | -€88,061 | -€46,091 | +€41,970 | +47.7% |
| Profit (loss) for the period | 9904 | -€88,061 | -€46,091 | +€41,970 | +47.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€88,061 | -€46,091 | +€41,970 | +47.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.