LISAL IMMO: 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.
LISAL IMMO
Largest movements
- Tangible fixed assets -€26,642
down €26,642 (-4.4%), from €599,797 to €573,155
- Cash +€12,630
up €12,630 (+49.6%), from €25,488 to €38,118
mainly Depreciation (+€26,642) and Tax, wage and social debts (+€11,985)
- Profit (loss) carried forward -€19,624
down €19,624 (-60.7%), from -€32,343 to -€51,967
- Tax, wage and social debts +€11,985
new in 2025: €11,985
- Gross operating margin +€15,823
up €15,823 (+104.8%), from €15,101 to €30,925
- Other operating charges +€1,863
up €1,863 (+153.4%), from €1,214 to €3,078
- Financial charges +€1,677
up €1,677 (+8.8%), from €19,152 to €20,829
- Depreciation -€436
down €436 (-1.6%), from €27,078 to €26,642
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 | €625,285 | €611,874 | -€13,412 | -2.1% |
| Fixed assets | 21/28 | €599,797 | €573,155 | -€26,642 | -4.4% |
| Tangible fixed assets | 22/27 | €599,797 | €573,155 | -€26,642 | -4.4% |
| Land and buildings | 22 | €599,797 | €573,155 | -€26,642 | -4.4% |
| Current assets | 29/58 | €25,488 | €38,719 | +€13,231 | +51.9% |
| Cash at bank and in hand | 54/58 | €25,488 | €38,118 | +€12,630 | +49.6% |
| Deferred charges and accrued income | 490/1 | - | €601 | +€601 | |
| Total equity and liabilities | 10/49 | €625,285 | €611,874 | -€13,412 | -2.1% |
| Equity | 10/15 | €269,657 | €250,033 | -€19,624 | -7.3% |
| Contributions | 10/11 | €302,000 | €302,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,343 | -€51,967 | -€19,624 | -60.7% |
| Amounts payable | 17/49 | €355,628 | €361,840 | +€6,212 | +1.7% |
| Amounts payable after more than one year | 17 | €295,000 | €295,000 | = | 0.0% |
| Financial debts | 170/4 | €295,000 | €295,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €60,628 | €66,840 | +€6,212 | +10.2% |
| Trade debts | 44 | €1,046 | €1,242 | +€196 | +18.7% |
| Suppliers | 440/4 | €1,046 | €1,242 | +€196 | +18.7% |
| Taxes, remuneration and social security | 45 | - | €11,985 | +€11,985 | |
| Taxes | 450/3 | - | €11,985 | +€11,985 | |
| Other amounts payable | 47/48 | €59,582 | €53,614 | -€5,969 | -10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,078 | €26,642 | -€436 | -1.6% |
| Other operating charges | 640/8 | €1,214 | €3,078 | +€1,863 | +153.4% |
| Gross operating margin | 9900 | €15,101 | €30,925 | +€15,823 | +104.8% |
| Operating profit (loss) | 9901 | -€13,191 | €1,205 | +€14,396 | |
| Financial charges | 65/66B | €19,152 | €20,829 | +€1,677 | +8.8% |
| Recurring financial charges | 65 | €19,152 | €20,829 | +€1,677 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | -€32,343 | -€19,624 | +€12,719 | +39.3% |
| Profit (loss) for the period | 9904 | -€32,343 | -€19,624 | +€12,719 | +39.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,343 | -€19,624 | +€12,719 | +39.3% |
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 4 October 2026 via checked.be.