LISAM EHS SOFTWARE: 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.
What changed
LISAM EHS SOFTWARE
NACE 62.100, Computer programming
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€5.0m
2024 · €593,041-€5.6m
Equity
€75.8m
2024 · €222.6m-€146.8m
Cash
€9.6m
2024 · €91,239+€9.5m
Balance sheet total
€111.8m
2024 · €225.0m-€113.2m
Largest movements
Assets
- Fixed assets -€141.5m
down €141.5m (-65.1%), from €217.3m to €75.8m
of which Financial fixed assets: -€216.7m
- Receivables within one year +€13.4m
up €13.4m (+1839.1%), from €727,189 to €14.1m
of which Trade receivables: +€12.5m
- Cash +€9.5m
up €9.5m (+10415.3%), from €91,239 to €9.6m
mainly Investment in fixed assets (net) (+€136.6m) and Contributions, distributions and other (+€5.0m)
- Current investments +€6.6m
new in 2025: €6.6m
of which Own shares: +€6.4m
- Receivables after one year -€3.9m
down €3.9m (-56.7%), from €6.9m to €3.0m
of which Trade receivables: -€6.7m
Equity and liabilities
- Total equity and liabilities -€113.2m
down €113.2m (-50.3%), from €225.0m to €111.8m
of which Equity: -€146.8m
Income statement
- Turnover +€65.1m
up €65.1m (+5997.7%), from €1.1m to €66.2m
- Staff costs +€31.4m
up €31.4m (+5106.2%), from €614,849 to €32.0m
- Services and other goods +€18.6m
up €18.6m (+4060.9%), from €458,215 to €19.1m
- Financial charges +€11.3m
up €11.3m (+24615.4%), from €45,907 to €11.3m
- Goods and materials +€9.9m
new in 2025: €9.9m
of which Purchases: +€9.5m
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.
Result 2024
€593,041
Turnover
+€65.1m
Other operating income
+€2.0m
Goods and materials
-€9.9m
Services and other goods
-€18.6m
Staff costs
-€31.4m
Depreciation
-€4.9m
Write-downs
-€168,000
Other operating charges
-€309,799
Other operating items
+€3.9m
Financial income
-€178,157
Financial charges
-€11.3m
Taxes
-€81,412
Deferred taxes and other
+€204,000
Result 2025
-€5.0m
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.
From operations
-€125.5m
Investment
+€130.0m
Financing
+€5.0m
Cash 2024
€91,239
From operations (derived)
-€125.5m
Net result for the year
-€5.0m
Depreciation
+€4.9m
Receivables after one year
+€3.9m
Stocks and contracts
-€1.7m
Receivables within one year
-€13.4m
Deferred charges and accrued income
-€1.0m
Total equity and liabilities
-€113.2m
Investment (derived)
+€130.0m
Investment in fixed assets (net)
+€136.6m
Current investments
-€6.6m
Financing
+€5.0m
Contributions, distributions and other
+€5.0m
Cash 2025
€9.6m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €225,001,401 | €111,829,000 | -€113.2m | -50.3% |
| Formation expenses | 20 | €1,744 | - | -€1,744 | |
| Fixed assets | 21/28 | €217,297,285 | €75,819,000 | -€141.5m | -65.1% |
| Intangible fixed assets | 21 | - | €12,207,000 | +€12.2m | |
| Tangible fixed assets | 22/27 | €50,631 | €11,269,000 | +€11.2m | +22156.9% |
| Land and buildings | 22 | - | €8,504,000 | +€8.5m | |
| Plant, machinery and equipment | 23 | - | €202,000 | +€202,000 | |
| Furniture and vehicles | 24 | €23,428 | €1,656,000 | +€1.6m | +6968.5% |
| Leasing and similar rights | 25 | €27,204 | €752,000 | +€724,796 | +2664.3% |
| Other tangible fixed assets | 26 | - | €155,000 | +€155,000 | |
| Financial fixed assets | 28 | €217,246,653 | €525,000 | -€216.7m | -99.8% |
| Affiliated companies | 280/1 | €217,246,653 | - | -€217.2m | |
| Participating interests | 280 | €217,246,653 | - | -€217.2m | |
| Shares | 284 | - | €233,000 | +€233,000 | |
| Amounts receivable and cash guarantees | 285/8 | - | €292,000 | +€292,000 | |
| Current assets | 29/58 | €7,702,372 | €36,010,000 | +€28.3m | +367.5% |
| Amounts receivable after more than one year | 29 | €6,872,410 | €2,978,000 | -€3.9m | -56.7% |
| Trade receivables | 290 | €6,872,410 | €198,000 | -€6.7m | -97.1% |
| Other amounts receivable | 291 | - | €2,780,000 | +€2.8m | |
| Stocks and contracts in progress | 3 | - | €1,726,000 | +€1.7m | |
| Stocks | 30/36 | - | €1,726,000 | +€1.7m | |
| Raw materials and consumables | 30/31 | - | €514,000 | +€514,000 | |
| Work in progress | 32 | - | €676,000 | +€676,000 | |
| Goods purchased for resale | 34 | - | €536,000 | +€536,000 | |
| Amounts receivable within one year | 40/41 | €727,189 | €14,101,000 | +€13.4m | +1839.1% |
| Trade receivables | 40 | €124,383 | €12,593,000 | +€12.5m | +10024.4% |
| Other amounts receivable | 41 | €602,806 | €1,508,000 | +€905,194 | +150.2% |
| Current investments | 50/53 | - | €6,582,000 | +€6.6m | |
| Own shares | 50 | - | €6,400,000 | +€6.4m | |
| Other investments | 51/53 | - | €182,000 | +€182,000 | |
| Cash at bank and in hand | 54/58 | €91,239 | €9,594,000 | +€9.5m | +10415.3% |
| Deferred charges and accrued income | 490/1 | €11,534 | €1,029,000 | +€1.0m | +8821.4% |
| Total equity and liabilities | 10/49 | €225,001,401 | €111,829,000 | -€113.2m | -50.3% |
| Equity | 10/15 | €222,590,899 | €75,756,000 | -€146.8m | -66.0% |
| Contributions | 10/11 | €170,120,084 | €56,549,000 | -€113.6m | -66.8% |
| Capital | 10 | €168,899,267 | €56,549,000 | -€112.4m | -66.5% |
| Issued capital | 100 | €168,899,267 | €56,549,000 | -€112.4m | -66.5% |
| Contributions outside capital | 11 | €1,220,817 | €1,266,000 | +€45,183 | +3.7% |
| Share premium | 1100/10 | €1,220,817 | €1,266,000 | +€45,183 | +3.7% |
| Revaluation surpluses | 12 | €52,184,420 | €46,247,000 | -€5.9m | -11.4% |
| Reserves | 13 | €31,320 | - | -€31,320 | |
| Non-distributable reserves | 130/1 | €31,320 | - | -€31,320 | |
| Legal reserve | 130 | €31,320 | - | -€31,320 | |
| Profit (loss) carried forward | 14 | €255,075 | - | -€255,075 | |
| Investment grants | 15 | - | €82,000 | +€82,000 | |
| Provisions and deferred taxes | 16 | - | €1,064,000 | +€1.1m | |
| Provisions for liabilities and charges | 160/5 | - | €768,000 | +€768,000 | |
| Other liabilities and charges | 164/5 | - | €768,000 | +€768,000 | |
| Deferred taxes | 168 | - | €296,000 | +€296,000 | |
| Amounts payable | 17/49 | €2,410,501 | €34,892,000 | +€32.5m | +1347.5% |
| Amounts payable after more than one year | 17 | €1,130,213 | €13,720,000 | +€12.6m | +1113.9% |
| Financial debts | 170/4 | €1,130,213 | €12,049,000 | +€10.9m | +966.1% |
| Leasing and similar obligations | 172 | - | €80,000 | +€80,000 | |
| Credit institutions | 173 | €799,244 | €9,618,000 | +€8.8m | +1103.4% |
| Other loans | 174 | €330,970 | €2,351,000 | +€2.0m | +610.3% |
| Trade debts | 175 | - | €1,671,000 | +€1.7m | |
| Suppliers | 1750 | - | €1,671,000 | +€1.7m | |
| Amounts payable within one year | 42/48 | €1,267,320 | €20,554,000 | +€19.3m | +1521.8% |
| Current portion of amounts payable after more than one year | 42 | €812,553 | €4,274,000 | +€3.5m | +426.0% |
| Financial debts | 43 | - | €6,608,000 | +€6.6m | |
| Credit institutions | 430/8 | - | €6,608,000 | +€6.6m | |
| Trade debts | 44 | €45,010 | €3,586,000 | +€3.5m | +7867.2% |
| Suppliers | 440/4 | €45,010 | €3,572,000 | +€3.5m | +7836.1% |
| Bills of exchange payable | 441 | - | €15,000 | +€15,000 | |
| Advances received on contracts in progress | 46 | - | €168,000 | +€168,000 | |
| Taxes, remuneration and social security | 45 | €69,758 | €4,991,000 | +€4.9m | +7054.7% |
| Taxes | 450/3 | €10,839 | €1,763,000 | +€1.8m | +16165.0% |
| Remuneration and social security | 454/9 | €58,919 | €3,228,000 | +€3.2m | +5378.7% |
| Other amounts payable | 47/48 | €340,000 | €926,000 | +€586,000 | +172.4% |
| Accrued charges and deferred income | 492/3 | €12,967 | €618,000 | +€605,033 | +4665.8% |
| Operating income | 70/76A | €1,125,982 | €72,138,000 | +€71.0m | +6306.7% |
| Turnover | 70 | €1,085,601 | €66,197,000 | +€65.1m | +5997.7% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | - | €26,000 | +€26,000 | |
| Own construction capitalised | 72 | - | €2,056,000 | +€2.1m | |
| Other operating income | 74 | €40,381 | €2,037,000 | +€2.0m | +4944.4% |
| Non-recurring operating income | 76A | - | €1,822,000 | +€1.8m | |
| Operating charges | 60/66A | €1,095,604 | €66,367,000 | +€65.3m | +5957.6% |
| Goods for resale, raw materials and consumables | 60 | - | €9,930,000 | +€9.9m | |
| Purchases | 600/8 | - | €9,548,000 | +€9.5m | |
| Change in stocks: decrease (increase) | 609 | - | €382,000 | +€382,000 | |
| Services and other goods | 61 | €458,215 | €19,066,000 | +€18.6m | +4060.9% |
| Remuneration, social security and pensions | 62 | €614,849 | €32,010,000 | +€31.4m | +5106.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,339 | €4,876,000 | +€4.9m | +25113.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €168,000 | +€168,000 | |
| Other operating charges | 640/8 | €3,201 | €313,000 | +€309,799 | +9679.0% |
| Operating profit (loss) | 9901 | €30,378 | €5,771,000 | +€5.7m | +18897.1% |
| Financial income | 75/76B | €629,157 | €451,000 | -€178,157 | -28.3% |
| Recurring financial income | 75 | €629,157 | €451,000 | -€178,157 | -28.3% |
| Income from financial fixed assets | 750 | - | €22,000 | +€22,000 | |
| Income from current assets | 751 | - | €102,000 | +€102,000 | |
| Other financial income | 752/9 | €629,157 | €328,000 | -€301,157 | -47.9% |
| Financial charges | 65/66B | €45,907 | €11,346,000 | +€11.3m | +24615.4% |
| Recurring financial charges | 65 | €45,907 | €11,346,000 | +€11.3m | +24615.4% |
| Debt charges | 650 | €45,907 | €683,000 | +€637,093 | +1387.8% |
| Other financial charges | 652/9 | €0 | €1,052,000 | +€1.1m | +10519999900.0% |
| Profit (loss) for the period before taxes | 9903 | €613,629 | -€5,124,000 | -€5.7m | |
| Income taxes | 67/77 | €20,588 | €102,000 | +€81,412 | +395.4% |
| Taxes | 670/3 | €20,925 | -€180,000 | -€200,925 | |
| Tax adjustments and reversals of tax provisions | 77 | €337 | €282,000 | +€281,663 | +83567.1% |
| Profit (loss) for the period | 9904 | €593,041 | -€5,022,000 | -€5.6m | |
| Profit (loss) for the period to be appropriated | 9905 | €593,041 | - | -€593,041 |
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 12 October 2026 via checked.be.