LISACAR: 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.
LISACAR
Largest movements
- Receivables within one year -€174,563
down €174,563 (-89.0%), from €196,183 to €21,620
of which Trade receivables: -€175,128
- Stocks and contracts -€55,721
down €55,721 (-40.5%), from €137,545 to €81,824
- Cash +€5,228
up €5,228 (+38.7%), from €13,506 to €18,734
mainly Receivables within one year (+€174,563) and Stocks and contracts (+€55,721)
- Tangible fixed assets -€4,853
down €4,853 (-39.1%), from €12,420 to €7,567
of which Furniture and vehicles: -€4,485
- Trade debts -€127,594
down €127,594 (-76.6%), from €166,592 to €38,998
- Profit (loss) carried forward -€105,467
down €105,467 (-576.0%), from -€18,311 to -€123,778
- Other debts +€37,120
up €37,120 (+50.9%), from €72,859 to €109,979
- Debts after one year -€17,958
down €17,958 (-25.0%), from €71,744 to €53,786
- Tax, wage and social debts -€17,190
no longer reported in 2025 (was €17,190)
of which Remuneration and social security: -€17,095
- Gross operating margin -€74,364
down €74,364 (-430.6%), from -€17,269 to -€91,633
- Other operating charges -€2,724
down €2,724 (-70.2%), from €3,878 to €1,155
- Depreciation +€2,659
up €2,659 (+121.2%), from €2,194 to €4,853
- Financial charges +€1,849
up €1,849 (+30.9%), from €5,977 to €7,827
- Taxes -€1,727
no longer reported in 2025 (was €1,727)
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 | €362,411 | €132,416 | -€229,995 | -63.5% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €14,720 | €9,867 | -€4,853 | -33.0% |
| Tangible fixed assets | 22/27 | €12,420 | €7,567 | -€4,853 | -39.1% |
| Plant, machinery and equipment | 23 | €657 | €289 | -€368 | -56.0% |
| Furniture and vehicles | 24 | €11,763 | €7,278 | -€4,485 | -38.1% |
| Financial fixed assets | 28 | €2,300 | €2,300 | = | 0.0% |
| Current assets | 29/58 | €347,691 | €122,549 | -€225,142 | -64.8% |
| Stocks and contracts in progress | 3 | €137,545 | €81,824 | -€55,721 | -40.5% |
| Stocks | 30/36 | €137,545 | €81,824 | -€55,721 | -40.5% |
| Amounts receivable within one year | 40/41 | €196,183 | €21,620 | -€174,563 | -89.0% |
| Trade receivables | 40 | €196,183 | €21,055 | -€175,128 | -89.3% |
| Other amounts receivable | 41 | €0 | €565 | +€565 | |
| Cash at bank and in hand | 54/58 | €13,506 | €18,734 | +€5,228 | +38.7% |
| Deferred charges and accrued income | 490/1 | €458 | €371 | -€87 | -18.9% |
| Total equity and liabilities | 10/49 | €362,411 | €132,416 | -€229,995 | -63.5% |
| Equity | 10/15 | €17,161 | -€88,306 | -€105,467 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,872 | €16,872 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,012 | €15,012 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,311 | -€123,778 | -€105,467 | -576.0% |
| Amounts payable | 17/49 | €345,249 | €220,722 | -€124,528 | -36.1% |
| Amounts payable after more than one year | 17 | €71,744 | €53,786 | -€17,958 | -25.0% |
| Financial debts | 170/4 | €71,744 | €53,786 | -€17,958 | -25.0% |
| Amounts payable within one year | 42/48 | €273,505 | €166,936 | -€106,569 | -39.0% |
| Current portion of amounts payable after more than one year | 42 | €16,864 | €17,958 | +€1,094 | +6.5% |
| Trade debts | 44 | €166,592 | €38,998 | -€127,594 | -76.6% |
| Suppliers | 440/4 | €166,592 | €38,998 | -€127,594 | -76.6% |
| Taxes, remuneration and social security | 45 | €17,190 | - | -€17,190 | |
| Taxes | 450/3 | €95 | - | -€95 | |
| Remuneration and social security | 454/9 | €17,095 | - | -€17,095 | |
| Other amounts payable | 47/48 | €72,859 | €109,979 | +€37,120 | +50.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,194 | €4,853 | +€2,659 | +121.2% |
| Other operating charges | 640/8 | €3,878 | €1,155 | -€2,724 | -70.2% |
| Gross operating margin | 9900 | -€17,269 | -€91,633 | -€74,364 | -430.6% |
| Operating profit (loss) | 9901 | -€23,341 | -€97,640 | -€74,299 | -318.3% |
| Financial income | 75/76B | €45 | - | -€45 | |
| Recurring financial income | 75 | €45 | - | -€45 | |
| Financial charges | 65/66B | €5,977 | €7,827 | +€1,849 | +30.9% |
| Recurring financial charges | 65 | €5,977 | €7,827 | +€1,849 | +30.9% |
| Profit (loss) for the period before taxes | 9903 | -€29,274 | -€105,467 | -€76,193 | -260.3% |
| Income taxes | 67/77 | €1,727 | - | -€1,727 | |
| Profit (loss) for the period | 9904 | -€31,001 | -€105,467 | -€74,466 | -240.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,001 | -€105,467 | -€74,466 | -240.2% |
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 6 October 2026 via checked.be.