LISALYN: 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.
LISALYN
Largest movements
- Cash +€120,207
up €120,207 (+106.7%), from €112,683 to €232,889
mainly Net result for the year (+€148,611) and Depreciation (+€71,459)
- Tangible fixed assets -€49,158
down €49,158 (-4.7%), from €1.0m to €990,421
of which Plant, machinery and equipment: -€26,726
- Receivables within one year +€14,670
up €14,670 (+524.2%), from €2,799 to €17,469
of which Other amounts receivable: +€15,817
- Reserves +€142,611
up €142,611 (+33.3%), from €427,900 to €570,510
of which Distributable reserves: +€142,611
- Debts after one year -€48,148
down €48,148 (-9.8%), from €493,050 to €444,902
- Gross operating margin +€55,376
up €55,376 (+20.8%), from €266,729 to €322,105
- Taxes +€15,632
up €15,632 (+33.1%), from €47,157 to €62,789
- Staff costs +€11,088
up €11,088 (+135.4%), from €8,192 to €19,280
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 | €1,197,709 | €1,274,032 | +€76,323 | +6.4% |
| Fixed assets | 21/28 | €1,044,672 | €994,026 | -€50,646 | -4.8% |
| Intangible fixed assets | 21 | €5,092 | €3,605 | -€1,487 | -29.2% |
| Tangible fixed assets | 22/27 | €1,039,580 | €990,421 | -€49,158 | -4.7% |
| Land and buildings | 22 | €895,902 | €880,571 | -€15,331 | -1.7% |
| Plant, machinery and equipment | 23 | €121,680 | €94,954 | -€26,726 | -22.0% |
| Furniture and vehicles | 24 | €21,997 | €14,896 | -€7,102 | -32.3% |
| Current assets | 29/58 | €153,037 | €280,006 | +€126,969 | +83.0% |
| Stocks and contracts in progress | 3 | €35,934 | €29,221 | -€6,713 | -18.7% |
| Stocks | 30/36 | €35,934 | €29,221 | -€6,713 | -18.7% |
| Amounts receivable within one year | 40/41 | €2,799 | €17,469 | +€14,670 | +524.2% |
| Trade receivables | 40 | €1,489 | €342 | -€1,147 | -77.0% |
| Other amounts receivable | 41 | €1,310 | €17,127 | +€15,817 | +1207.4% |
| Cash at bank and in hand | 54/58 | €112,683 | €232,889 | +€120,207 | +106.7% |
| Deferred charges and accrued income | 490/1 | €1,621 | €426 | -€1,195 | -73.7% |
| Total equity and liabilities | 10/49 | €1,197,709 | €1,274,032 | +€76,323 | +6.4% |
| Equity | 10/15 | €446,500 | €589,110 | +€142,611 | +31.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €427,900 | €570,510 | +€142,611 | +33.3% |
| Tax-exempt reserves | 132 | €47,130 | €47,130 | = | 0.0% |
| Distributable reserves | 133 | €380,769 | €523,380 | +€142,611 | +37.5% |
| Amounts payable | 17/49 | €751,209 | €684,922 | -€66,287 | -8.8% |
| Amounts payable after more than one year | 17 | €493,050 | €444,902 | -€48,148 | -9.8% |
| Financial debts | 170/4 | €493,050 | €444,902 | -€48,148 | -9.8% |
| Amounts payable within one year | 42/48 | €258,159 | €240,020 | -€18,139 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | €45,480 | €47,936 | +€2,456 | +5.4% |
| Trade debts | 44 | €8,386 | €2,321 | -€6,065 | -72.3% |
| Suppliers | 440/4 | €8,386 | €2,321 | -€6,065 | -72.3% |
| Taxes, remuneration and social security | 45 | €20,898 | €17,766 | -€3,132 | -15.0% |
| Taxes | 450/3 | €17,339 | €17,766 | +€426 | +2.5% |
| Remuneration and social security | 454/9 | €3,559 | - | -€3,559 | |
| Other amounts payable | 47/48 | €183,395 | €171,997 | -€11,398 | -6.2% |
| Remuneration, social security and pensions | 62 | €8,192 | €19,280 | +€11,088 | +135.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,911 | €71,459 | -€451 | -0.6% |
| Other operating charges | 640/8 | €4,798 | €4,705 | -€94 | -2.0% |
| Gross operating margin | 9900 | €266,729 | €322,105 | +€55,376 | +20.8% |
| Operating profit (loss) | 9901 | €181,829 | €226,662 | +€44,833 | +24.7% |
| Financial income | 75/76B | €148 | €679 | +€532 | +359.8% |
| Recurring financial income | 75 | €148 | €679 | +€532 | +359.8% |
| Financial charges | 65/66B | €18,102 | €15,941 | -€2,161 | -11.9% |
| Recurring financial charges | 65 | €18,102 | €15,941 | -€2,161 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €163,874 | €211,400 | +€47,525 | +29.0% |
| Income taxes | 67/77 | €47,157 | €62,789 | +€15,632 | +33.1% |
| Profit (loss) for the period | 9904 | €116,717 | €148,611 | +€31,894 | +27.3% |
| Profit (loss) for the period to be appropriated | 9905 | €116,717 | €148,611 | +€31,894 | +27.3% |
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.