LISAM E-CLUB: 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.
LISAM E-CLUB
Largest movements
- Receivables after one year +€340,000
up €340,000 (+324%), from €105,000 to €445,000
- Receivables within one year -€160,320
down €160,320 (-47.1%), from €340,324 to €180,005
of which Other amounts receivable: -€160,320
- Profit (loss) carried forward +€165,931
up €165,931 (+48.8%), from €340,144 to €506,075
- Financial income -€165,000
down €165,000 (-47.8%), from €345,000 to €180,000
- Turnover -€14,000
down €14,000 (-100%), from €14,000 to €0
- Gross operating margin -€13,694
down €13,694, from €1,754 to -€11,941
- Financial charges -€4,349
down €4,349 (-80.0%), from €5,439 to €1,091
- Other operating charges +€611
up €611 (+158%), from €387 to €998
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.
Derived cash bridge
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 | €8,561,271 | €8,736,375 | +€175,104 | +2.0% |
| Fixed assets | 21/28 | €8,103,300 | €8,103,300 | = | 0.0% |
| Financial fixed assets | 28 | €8,103,300 | €8,103,300 | = | 0.0% |
| Current assets | 29/58 | €457,971 | €633,075 | +€175,104 | +38.2% |
| Amounts receivable after more than one year | 29 | €105,000 | €445,000 | +€340,000 | +324% |
| Trade receivables | 290 | €105,000 | €445,000 | +€340,000 | +324% |
| Amounts receivable within one year | 40/41 | €340,324 | €180,005 | -€160,320 | -47.1% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €340,324 | €180,005 | -€160,320 | -47.1% |
| Cash at bank and in hand | 54/58 | €12,647 | €8,070 | -€4,577 | -36.2% |
| Total equity and liabilities | 10/49 | €8,561,271 | €8,736,375 | +€175,104 | +2.0% |
| Equity | 10/15 | €8,443,444 | €8,609,375 | +€165,931 | +2.0% |
| Contributions | 10/11 | €6,400,000 | €6,400,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,703,300 | €1,703,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €340,144 | €506,075 | +€165,931 | +48.8% |
| Amounts payable | 17/49 | €117,827 | €127,000 | +€9,173 | +7.8% |
| Amounts payable after more than one year | 17 | €106,357 | €124,897 | +€18,540 | +17.4% |
| Financial debts | 170/4 | €106,357 | €124,897 | +€18,540 | +17.4% |
| Amounts payable within one year | 42/48 | €11,471 | €2,103 | -€9,367 | -81.7% |
| Trade debts | 44 | €11,471 | €2,064 | -€9,407 | -82.0% |
| Suppliers | 440/4 | €11,471 | €2,064 | -€9,407 | -82.0% |
| Taxes, remuneration and social security | 45 | - | €39 | +€39 | |
| Taxes | 450/3 | - | €39 | +€39 | |
| Turnover | 70 | €14,000 | €0 | -€14,000 | -100% |
| Goods, raw materials, services and sundry goods | 60/61 | €12,246 | €11,941 | -€306 | -2.5% |
| Other operating charges | 640/8 | €387 | €998 | +€611 | +158% |
| Gross operating margin | 9900 | €1,754 | -€11,941 | -€13,694 | |
| Operating profit (loss) | 9901 | €1,366 | -€12,939 | -€14,305 | |
| Financial income | 75/76B | €345,000 | €180,000 | -€165,000 | -47.8% |
| Recurring financial income | 75 | €345,000 | €180,000 | -€165,000 | -47.8% |
| Financial charges | 65/66B | €5,439 | €1,091 | -€4,349 | -80.0% |
| Recurring financial charges | 65 | €5,439 | €1,091 | -€4,349 | -80.0% |
| Profit (loss) for the period before taxes | 9903 | €340,927 | €165,970 | -€174,957 | -51.3% |
| Income taxes | 67/77 | - | €39 | +€39 | |
| Profit (loss) for the period | 9904 | €340,927 | €165,931 | -€174,996 | -51.3% |
| Profit (loss) for the period to be appropriated | 9905 | €340,927 | €165,931 | -€174,996 | -51.3% |
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 30 October 2026 via checked.be.