Lisabelle: 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.
Lisabelle
Largest movements
- Tangible fixed assets -€17,582
down €17,582 (-7.4%), from €238,726 to €221,144
of which Land and buildings: -€10,654
- Cash -€4,392
down €4,392 (-86.3%), from €5,092 to €700
mainly Debts after one year (-€16,433) and Trade debts (-€9,932)
- Debts after one year -€16,433
down €16,433 (-8.0%), from €206,217 to €189,784
- Trade debts -€9,932
down €9,932 (-81.3%), from €12,223 to €2,291
- Profit (loss) carried forward -€5,770
down €5,770, from €1,306 to -€4,464
- Tax, wage and social debts +€4,010
up €4,010 (+132.2%), from €3,034 to €7,043
of which Remuneration and social security: +€2,492
- Advances received +€3,577
new in 2025: €3,577
- Gross operating margin -€41,185
down €41,185 (-58.1%), from €70,894 to €29,709
- Staff costs -€7,804
down €7,804 (-97.5%), from €8,001 to €197
- Taxes -€2,523
down €2,523 (-94.7%), from €2,664 to €141
- Financial charges -€2,018
down €2,018 (-23.3%), from €8,656 to €6,637
- Other operating charges +€1,593
up €1,593 (+53.8%), from €2,958 to €4,551
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 | €287,086 | €263,177 | -€23,909 | -8.3% |
| Fixed assets | 21/28 | €238,726 | €221,144 | -€17,582 | -7.4% |
| Tangible fixed assets | 22/27 | €238,726 | €221,144 | -€17,582 | -7.4% |
| Land and buildings | 22 | €184,458 | €173,804 | -€10,654 | -5.8% |
| Plant, machinery and equipment | 23 | €9,851 | €5,476 | -€4,374 | -44.4% |
| Furniture and vehicles | 24 | €8,434 | €5,617 | -€2,818 | -33.4% |
| Other tangible fixed assets | 26 | €35,983 | €36,247 | +€264 | +0.7% |
| Current assets | 29/58 | €48,360 | €42,033 | -€6,327 | -13.1% |
| Amounts receivable after more than one year | 29 | €32,212 | €33,061 | +€849 | +2.6% |
| Other amounts receivable | 291 | €32,212 | €33,061 | +€849 | +2.6% |
| Stocks and contracts in progress | 3 | €3,962 | €3,597 | -€365 | -9.2% |
| Stocks | 30/36 | €3,962 | €3,597 | -€365 | -9.2% |
| Amounts receivable within one year | 40/41 | €6,240 | €4,165 | -€2,075 | -33.3% |
| Trade receivables | 40 | €2,645 | €1,012 | -€1,633 | -61.7% |
| Other amounts receivable | 41 | €3,595 | €3,153 | -€442 | -12.3% |
| Cash at bank and in hand | 54/58 | €5,092 | €700 | -€4,392 | -86.3% |
| Deferred charges and accrued income | 490/1 | €854 | €510 | -€344 | -40.3% |
| Total equity and liabilities | 10/49 | €287,086 | €263,177 | -€23,909 | -8.3% |
| Equity | 10/15 | €32,348 | €26,578 | -€5,770 | -17.8% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €25,042 | €25,042 | = | 0.0% |
| Distributable reserves | 133 | €25,042 | €25,042 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,306 | -€4,464 | -€5,770 | |
| Amounts payable | 17/49 | €254,738 | €236,599 | -€18,138 | -7.1% |
| Amounts payable after more than one year | 17 | €206,217 | €189,784 | -€16,433 | -8.0% |
| Financial debts | 170/4 | €206,217 | €189,784 | -€16,433 | -8.0% |
| Amounts payable within one year | 42/48 | €46,308 | €43,754 | -€2,554 | -5.5% |
| Current portion of amounts payable after more than one year | 42 | €16,118 | €16,433 | +€315 | +2.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €12,223 | €2,291 | -€9,932 | -81.3% |
| Suppliers | 440/4 | €12,223 | €2,291 | -€9,932 | -81.3% |
| Advances received on contracts in progress | 46 | - | €3,577 | +€3,577 | |
| Taxes, remuneration and social security | 45 | €3,034 | €7,043 | +€4,010 | +132.2% |
| Taxes | 450/3 | €3,026 | €4,543 | +€1,518 | +50.2% |
| Remuneration and social security | 454/9 | €8 | €2,500 | +€2,492 | +31465.7% |
| Other amounts payable | 47/48 | €14,933 | €14,409 | -€524 | -3.5% |
| Accrued charges and deferred income | 492/3 | €2,212 | €3,061 | +€849 | +38.4% |
| Non-recurring operating income | 76A | €1,298 | €1,330 | +€32 | +2.5% |
| Remuneration, social security and pensions | 62 | €8,001 | €197 | -€7,804 | -97.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,510 | €24,002 | +€492 | +2.1% |
| Other operating charges | 640/8 | €2,958 | €4,551 | +€1,593 | +53.8% |
| Non-recurring operating charges | 66A | €233 | €0 | -€233 | -100.0% |
| Gross operating margin | 9900 | €70,894 | €29,709 | -€41,185 | -58.1% |
| Operating profit (loss) | 9901 | €36,192 | €959 | -€35,232 | -97.4% |
| Financial income | 75/76B | €171 | €49 | -€122 | -71.4% |
| Recurring financial income | 75 | €171 | €49 | -€122 | -71.4% |
| Financial charges | 65/66B | €8,656 | €6,637 | -€2,018 | -23.3% |
| Recurring financial charges | 65 | €8,656 | €6,637 | -€2,018 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €27,707 | -€5,630 | -€33,336 | |
| Income taxes | 67/77 | €2,664 | €141 | -€2,523 | -94.7% |
| Profit (loss) for the period | 9904 | €25,042 | -€5,770 | -€30,813 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,042 | -€5,770 | -€30,813 |
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 11 October 2026 via checked.be.