LISAM SYSTEMS: 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 SYSTEMS
NACE 47.400, Retail sale of information and communication equipment
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2.8m
2024 · €1.8m+€973,731
Equity
€146.5m
2024 · €146.0m+€513,326
Cash
€339,753
2024 · €551,398-€211,645
Balance sheet total
€170.0m
2024 · €169.1m+€914,082
Largest movements
Assets
- Receivables within one year +€1.7m
up €1.7m (+68.8%), from €2.5m to €4.2m
of which Trade receivables: +€2.1m
Equity and liabilities
- Profit (loss) carried forward +€2.2m
up €2.2m (+15.7%), from €13.8m to €16.0m
Income statement
- Turnover +€2.4m
up €2.4m (+13.1%), from €18.7m to €21.2m
- Services and other goods +€1.3m
up €1.3m (+14.4%), from €8.9m to €10.2m
- Other operating income +€850,152
up €850,152 (+348%), from €244,520 to €1.1m
- Depreciation +€537,147
up €537,147 (+16.8%), from €3.2m to €3.7m
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
€1.8m
Turnover
+€2.4m
Other operating income
+€850,152
Goods and materials
-€53,701
Services and other goods
-€1.3m
Staff costs
-€169,584
Depreciation
-€537,147
Write-downs
-€3,141
Other operating charges
-€1,397
Other operating items
+€5,346
Financial income
-€163,559
Financial charges
-€129,933
Taxes
+€2,663
Result 2025
€2.8m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€4.9m
Investment
-€2.2m
Financing
-€2.9m
Cash 2024
€551,398
From operations (derived)
+€4.9m
Net result for the year
+€2.8m
Depreciation
+€3.7m
Receivables after one year
-€1.0m
Smaller working-capital items
-€852
Receivables within one year
-€1.7m
Deferred charges and accrued income
+€75,394
Trade debts
+€901,652
Tax, wage and social debts
-€147,203
Accrued charges and deferred income
+€259,168
Investment (derived)
-€2.2m
Investment in fixed assets (net)
-€2.2m
Financing
-€2.9m
Debts after one year
-€1.3m
Current portion of long-term debt
+€250,763
Short-term financial debts
+€400,000
Contributions, distributions and other
-€2.3m
Cash 2025
€339,753
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €169,129,473 | €170,043,555 | +€914,082 | +0.5% |
| Fixed assets | 21/28 | €151,882,167 | €150,371,874 | -€1.5m | -1.0% |
| Intangible fixed assets | 21 | €11,576,678 | €11,139,470 | -€437,208 | -3.8% |
| Tangible fixed assets | 22/27 | €935,166 | €1,111,493 | +€176,327 | +18.9% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €378,663 | €638,383 | +€259,720 | +68.6% |
| Leasing and similar rights | 25 | €498,125 | €438,028 | -€60,097 | -12.1% |
| Other tangible fixed assets | 26 | €58,378 | €35,082 | -€23,296 | -39.9% |
| Financial fixed assets | 28 | €139,370,323 | €138,120,911 | -€1.2m | -0.9% |
| Affiliated companies | 280/1 | €139,370,323 | €138,120,911 | -€1.2m | -0.9% |
| Participating interests | 280 | €139,370,323 | €138,120,911 | -€1.2m | -0.9% |
| Current assets | 29/58 | €17,247,306 | €19,671,680 | +€2.4m | +14.1% |
| Amounts receivable after more than one year | 29 | €13,926,092 | €14,931,172 | +€1.0m | +7.2% |
| Other amounts receivable | 291 | €13,926,092 | €14,931,172 | +€1.0m | +7.2% |
| Stocks and contracts in progress | 3 | €5,047 | €0 | -€5,047 | -100% |
| Stocks | 30/36 | €5,047 | €0 | -€5,047 | -100% |
| Goods purchased for resale | 34 | €5,047 | €0 | -€5,047 | -100% |
| Amounts receivable within one year | 40/41 | €2,488,153 | €4,199,534 | +€1.7m | +68.8% |
| Trade receivables | 40 | €1,492,869 | €3,612,746 | +€2.1m | +142% |
| Other amounts receivable | 41 | €995,284 | €586,788 | -€408,496 | -41.0% |
| Cash at bank and in hand | 54/58 | €551,398 | €339,753 | -€211,645 | -38.4% |
| Deferred charges and accrued income | 490/1 | €276,616 | €201,222 | -€75,394 | -27.3% |
| Total equity and liabilities | 10/49 | €169,129,473 | €170,043,555 | +€914,082 | +0.5% |
| Equity | 10/15 | €145,976,811 | €146,490,137 | +€513,326 | +0.4% |
| Contributions | 10/11 | €3,075,000 | €3,075,000 | -€0 | 0.0% |
| Capital | 10 | €3,075,000 | €3,075,000 | -€0 | 0.0% |
| Issued capital | 100 | €3,075,000 | €3,075,000 | -€0 | 0.0% |
| Revaluation surpluses | 12 | €128,731,670 | €127,065,183 | -€1.7m | -1.3% |
| Reserves | 13 | €325,645 | €325,645 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €307,500 | €307,500 | = | 0.0% |
| Legal reserve | 130 | €307,500 | €307,500 | = | 0.0% |
| Distributable reserves | 133 | €18,145 | €18,145 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €13,844,496 | €16,024,308 | +€2.2m | +15.7% |
| Amounts payable | 17/49 | €23,152,662 | €23,553,417 | +€400,755 | +1.7% |
| Amounts payable after more than one year | 17 | €13,896,626 | €12,638,900 | -€1.3m | -9.1% |
| Financial debts | 170/4 | €12,339,082 | €10,967,762 | -€1.4m | -11.1% |
| Subordinated loans | 170 | €31,991 | €0 | -€31,991 | -100% |
| Credit institutions | 173 | €3,155,165 | €3,465,374 | +€310,209 | +9.8% |
| Other loans | 174 | €9,151,926 | €7,502,388 | -€1.6m | -18.0% |
| Trade debts | 175 | €1,557,544 | €1,671,138 | +€113,594 | +7.3% |
| Suppliers | 1750 | €1,557,544 | €1,671,138 | +€113,594 | +7.3% |
| Amounts payable within one year | 42/48 | €9,229,565 | €10,628,878 | +€1.4m | +15.2% |
| Current portion of amounts payable after more than one year | 42 | €1,449,594 | €1,700,357 | +€250,763 | +17.3% |
| Financial debts | 43 | €4,800,000 | €5,200,000 | +€400,000 | +8.3% |
| Credit institutions | 430/8 | €4,800,000 | €5,200,000 | +€400,000 | +8.3% |
| Trade debts | 44 | €1,461,074 | €2,362,726 | +€901,652 | +61.7% |
| Suppliers | 440/4 | €1,414,717 | €2,362,726 | +€948,009 | +67.0% |
| Bills of exchange payable | 441 | €46,357 | - | -€46,357 | |
| Taxes, remuneration and social security | 45 | €912,998 | €765,795 | -€147,203 | -16.1% |
| Taxes | 450/3 | €124,609 | €69,577 | -€55,032 | -44.2% |
| Remuneration and social security | 454/9 | €788,389 | €696,217 | -€92,172 | -11.7% |
| Other amounts payable | 47/48 | €605,899 | €600,000 | -€5,899 | -1.0% |
| Accrued charges and deferred income | 492/3 | €26,471 | €285,639 | +€259,168 | +979% |
| Operating income | 70/76A | €19,862,437 | €23,166,300 | +€3.3m | +16.6% |
| Turnover | 70 | €18,718,563 | €21,166,928 | +€2.4m | +13.1% |
| Own construction capitalised | 72 | €899,354 | €904,700 | +€5,346 | +0.6% |
| Other operating income | 74 | €244,520 | €1,094,672 | +€850,152 | +348% |
| Operating charges | 60/66A | €18,790,024 | €20,829,327 | +€2.0m | +10.9% |
| Goods for resale, raw materials and consumables | 60 | €49,364 | €103,065 | +€53,701 | +109% |
| Purchases | 600/8 | €45,921 | €98,018 | +€52,097 | +113% |
| Change in stocks: decrease (increase) | 609 | €3,443 | €5,047 | +€1,604 | +46.6% |
| Services and other goods | 61 | €8,878,673 | €10,153,007 | +€1.3m | +14.4% |
| Remuneration, social security and pensions | 62 | €6,576,677 | €6,746,261 | +€169,584 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,188,606 | €3,725,753 | +€537,147 | +16.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,144 | €7,285 | +€3,141 | +75.8% |
| Other operating charges | 640/8 | €92,560 | €93,957 | +€1,397 | +1.5% |
| Operating profit (loss) | 9901 | €1,072,413 | €2,336,972 | +€1.3m | +118% |
| Financial income | 75/76B | €1,069,204 | €905,645 | -€163,559 | -15.3% |
| Recurring financial income | 75 | €1,069,204 | €905,645 | -€163,559 | -15.3% |
| Income from financial fixed assets | 750 | €177,877 | €68,404 | -€109,473 | -61.5% |
| Income from current assets | 751 | €1,186 | €72,197 | +€71,011 | +5,987% |
| Other financial income | 752/9 | €890,141 | €765,044 | -€125,097 | -14.1% |
| Financial charges | 65/66B | €330,604 | €460,537 | +€129,933 | +39.3% |
| Recurring financial charges | 65 | €294,713 | €460,537 | +€165,824 | +56.3% |
| Debt charges | 650 | €294,689 | €374,704 | +€80,015 | +27.2% |
| Other financial charges | 652/9 | €24 | €85,833 | +€85,809 | +357,538% |
| Non-recurring financial charges | 66B | €35,891 | - | -€35,891 | |
| Profit (loss) for the period before taxes | 9903 | €1,811,013 | €2,782,081 | +€971,068 | +53.6% |
| Income taxes | 67/77 | €4,931 | €2,268 | -€2,663 | -54.0% |
| Taxes | 670/3 | €25,001 | €13,939 | -€11,062 | -44.2% |
| Tax adjustments and reversals of tax provisions | 77 | €20,070 | €11,671 | -€8,399 | -41.8% |
| Profit (loss) for the period | 9904 | €1,806,082 | €2,779,813 | +€973,731 | +53.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,806,082 | €2,779,813 | +€973,731 | +53.9% |
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 16 October 2026 via checked.be.