LISACO HOLDING: 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.
LISACO HOLDING
Largest movements
- Cash -€4.2m
down €4.2m (-76.9%), from €5.4m to €1.3m
mainly Current investments (-€4.0m) and Investment in fixed assets (net) (-€1.3m)
- Current investments +€4.0m
up €4.0m (+23.0%), from €17.6m to €21.6m
- Financial fixed assets +€1.3m
up €1.3m (+5.9%), from €21.1m to €22.4m
- Reserves +€1.2m
up €1.2m (+4.1%), from €29.2m to €30.3m
of which Distributable reserves: +€1.2m
- Financial income -€8.1m
down €8.1m (-85.4%), from €9.4m to €1.4m
- Financial charges +€74,752
up €74,752 (+595.1%), from €12,560 to €87,312
- Other operating charges +€5,782
up €5,782 (+26.1%), from €22,123 to €27,905
- Gross operating margin +€4,491
up €4,491, from -€2,865 to €1,626
- Taxes -€850
down €850 (-2.9%), from €29,478 to €28,628
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 | €44,193,541 | €45,367,874 | +€1.2m | +2.7% |
| Fixed assets | 21/28 | €21,124,679 | €22,375,679 | +€1.3m | +5.9% |
| Financial fixed assets | 28 | €21,124,679 | €22,375,679 | +€1.3m | +5.9% |
| Current assets | 29/58 | €23,068,863 | €22,992,196 | -€76,667 | -0.3% |
| Amounts receivable within one year | 40/41 | €19,200 | €87,284 | +€68,084 | +354.6% |
| Other amounts receivable | 41 | €19,200 | €87,284 | +€68,084 | +354.6% |
| Current investments | 50/53 | €17,602,693 | €21,646,056 | +€4.0m | +23.0% |
| Cash at bank and in hand | 54/58 | €5,446,970 | €1,258,856 | -€4.2m | -76.9% |
| Total equity and liabilities | 10/49 | €44,193,541 | €45,367,874 | +€1.2m | +2.7% |
| Equity | 10/15 | €44,137,415 | €45,321,984 | +€1.2m | +2.7% |
| Contributions | 10/11 | €14,977,132 | €14,977,132 | = | 0.0% |
| Reserves | 13 | €29,160,283 | €30,344,852 | +€1.2m | +4.1% |
| Non-distributable reserves | 130/1 | €907,300 | €907,300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €907,300 | €907,300 | = | 0.0% |
| Distributable reserves | 133 | €28,252,983 | €29,437,552 | +€1.2m | +4.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €56,126 | €45,890 | -€10,236 | -18.2% |
| Amounts payable within one year | 42/48 | €56,126 | €45,000 | -€11,126 | -19.8% |
| Trade debts | 44 | €126 | €0 | -€126 | -100.0% |
| Suppliers | 440/4 | €126 | €0 | -€126 | -100.0% |
| Other amounts payable | 47/48 | €56,000 | €45,000 | -€11,000 | -19.6% |
| Accrued charges and deferred income | 492/3 | - | €890 | +€890 | |
| Other operating charges | 640/8 | €22,123 | €27,905 | +€5,782 | +26.1% |
| Gross operating margin | 9900 | -€2,865 | €1,626 | +€4,491 | |
| Operating profit (loss) | 9901 | -€24,988 | -€26,279 | -€1,291 | -5.2% |
| Financial income | 75/76B | €9,425,461 | €1,371,788 | -€8.1m | -85.4% |
| Recurring financial income | 75 | €9,425,461 | €1,371,788 | -€8.1m | -85.4% |
| Financial charges | 65/66B | €12,560 | €87,312 | +€74,752 | +595.1% |
| Recurring financial charges | 65 | €12,560 | €87,312 | +€74,752 | +595.1% |
| Profit (loss) for the period before taxes | 9903 | €9,387,912 | €1,258,197 | -€8.1m | -86.6% |
| Income taxes | 67/77 | €29,478 | €28,628 | -€850 | -2.9% |
| Profit (loss) for the period | 9904 | €9,358,435 | €1,229,569 | -€8.1m | -86.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,358,435 | €1,229,569 | -€8.1m | -86.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.