Lisa Aerts: 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 Aerts
Largest movements
- Tangible fixed assets +€12,447
up €12,447 (+36.9%), from €33,742 to €46,189
of which Other tangible fixed assets: +€7,205
- Deferred charges and accrued income +€5,151
up €5,151 (+393%), from €1,309 to €6,460
- Cash +€4,527
up €4,527 (+885%), from €512 to €5,038
mainly Tax, wage and social debts (+€8,310) and Net result for the year (+€7,323)
- Tax, wage and social debts +€8,310
up €8,310 (+72,514%), from €11 to €8,322
of which Taxes: +€4,310
- Accrued charges and deferred income +€6,042
up €6,042 (+194%), from €3,115 to €9,158
- Other debts +€5,380
new in 2025: €5,380
- Profit (loss) carried forward +€4,547
up €4,547, from -€4,547 to €0
- Trade debts -€3,482
down €3,482 (-36.3%), from €9,596 to €6,113
- Gross operating margin +€25,115
up €25,115 (+7,710%), from €326 to €25,441
- Other operating charges +€4,306
up €4,306 (+629%), from €684 to €4,990
- Depreciation +€3,980
up €3,980 (+177%), from €2,252 to €6,232
- Taxes +€3,576
new in 2025: €3,576
- Financial charges +€1,399
up €1,399 (+72.2%), from €1,937 to €3,336
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 | €35,563 | €57,687 | +€22,124 | +62.2% |
| Fixed assets | 21/28 | €33,742 | €46,189 | +€12,447 | +36.9% |
| Tangible fixed assets | 22/27 | €33,742 | €46,189 | +€12,447 | +36.9% |
| Plant, machinery and equipment | 23 | €3,259 | €5,559 | +€2,301 | +70.6% |
| Furniture and vehicles | 24 | - | €2,941 | +€2,941 | |
| Other tangible fixed assets | 26 | €30,483 | €37,688 | +€7,205 | +23.6% |
| Current assets | 29/58 | €1,821 | €11,498 | +€9,678 | +531% |
| Cash at bank and in hand | 54/58 | €512 | €5,038 | +€4,527 | +885% |
| Deferred charges and accrued income | 490/1 | €1,309 | €6,460 | +€5,151 | +393% |
| Total equity and liabilities | 10/49 | €35,563 | €57,687 | +€22,124 | +62.2% |
| Equity | 10/15 | €453 | €7,777 | +€7,323 | +1,616% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €2,777 | +€2,777 | |
| Distributable reserves | 133 | - | €2,777 | +€2,777 | |
| Profit (loss) carried forward | 14 | -€4,547 | €0 | +€4,547 | |
| Amounts payable | 17/49 | €35,110 | €49,910 | +€14,801 | +42.2% |
| Amounts payable after more than one year | 17 | €20,301 | €18,101 | -€2,200 | -10.8% |
| Financial debts | 170/4 | €20,301 | €18,101 | -€2,200 | -10.8% |
| Amounts payable within one year | 42/48 | €11,693 | €22,652 | +€10,959 | +93.7% |
| Current portion of amounts payable after more than one year | 42 | €2,086 | €2,837 | +€752 | +36.0% |
| Trade debts | 44 | €9,596 | €6,113 | -€3,482 | -36.3% |
| Suppliers | 440/4 | €9,596 | €6,113 | -€3,482 | -36.3% |
| Taxes, remuneration and social security | 45 | €11 | €8,322 | +€8,310 | +72,514% |
| Taxes | 450/3 | €11 | €4,322 | +€4,310 | +37,610% |
| Remuneration and social security | 454/9 | - | €4,000 | +€4,000 | |
| Other amounts payable | 47/48 | - | €5,380 | +€5,380 | |
| Accrued charges and deferred income | 492/3 | €3,115 | €9,158 | +€6,042 | +194% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,252 | €6,232 | +€3,980 | +177% |
| Other operating charges | 640/8 | €684 | €4,990 | +€4,306 | +629% |
| Gross operating margin | 9900 | €326 | €25,441 | +€25,115 | +7,710% |
| Operating profit (loss) | 9901 | -€2,611 | €14,218 | +€16,829 | |
| Financial income | 75/76B | €1 | €17 | +€16 | +1,781% |
| Recurring financial income | 75 | €1 | €17 | +€16 | +1,781% |
| Financial charges | 65/66B | €1,937 | €3,336 | +€1,399 | +72.2% |
| Recurring financial charges | 65 | €1,937 | €3,336 | +€1,399 | +72.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,547 | €10,899 | +€15,446 | |
| Income taxes | 67/77 | - | €3,576 | +€3,576 | |
| Profit (loss) for the period | 9904 | -€4,547 | €7,323 | +€11,870 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,547 | €7,323 | +€11,870 |
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 14 October 2026 via checked.be.