LISAN: 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.
LISAN
Largest movements
- Tangible fixed assets -€70,362
down €70,362 (-9.9%), from €713,818 to €643,456
of which Land and buildings: -€56,984
- Cash +€50,754
up €50,754 (+27.9%), from €181,841 to €232,595
mainly Depreciation (+€61,980) and Net result for the year (+€32,387)
- Other debts -€52,412
down €52,412 (-99.8%), from €52,500 to €89
- Provisions -€44,256
down €44,256 (-46.3%), from €95,675 to €51,418
of which Deferred taxes: -€95,675
- Profit (loss) carried forward +€37,645
up €37,645 (+111%), from €33,881 to €71,526
- Reserves +€21,612
up €21,612 (+4.2%), from €511,566 to €533,178
of which Tax-exempt reserves: +€21,612
- Trade debts +€21,510
up €21,510 (+1,145%), from €1,879 to €23,389
- Depreciation -€9,012
down €9,012 (-12.7%), from €70,992 to €61,980
- Other operating charges +€7,460
up €7,460 (+88.4%), from €8,435 to €15,895
- Gross operating margin -€6,075
down €6,075 (-4.8%), from €126,507 to €120,432
- Financial income +€4,360
up €4,360 (+652%), from €669 to €5,028
- Taxes -€3,240
down €3,240 (-14.6%), from €22,119 to €18,879
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 | €895,708 | €877,546 | -€18,162 | -2.0% |
| Fixed assets | 21/28 | €713,867 | €643,506 | -€70,362 | -9.9% |
| Tangible fixed assets | 22/27 | €713,818 | €643,456 | -€70,362 | -9.9% |
| Land and buildings | 22 | €699,681 | €642,697 | -€56,984 | -8.1% |
| Plant, machinery and equipment | 23 | - | €759 | +€759 | |
| Furniture and vehicles | 24 | €14,137 | - | -€14,137 | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €181,841 | €234,041 | +€52,200 | +28.7% |
| Cash at bank and in hand | 54/58 | €181,841 | €232,595 | +€50,754 | +27.9% |
| Deferred charges and accrued income | 490/1 | - | €1,446 | +€1,446 | |
| Total equity and liabilities | 10/49 | €895,708 | €877,546 | -€18,162 | -2.0% |
| Equity | 10/15 | €688,447 | €747,704 | +€59,257 | +8.6% |
| Contributions | 10/11 | €143,000 | €143,000 | = | 0.0% |
| Capital | 10 | €143,000 | €143,000 | = | 0.0% |
| Issued capital | 100 | €143,000 | €143,000 | = | 0.0% |
| Reserves | 13 | €511,566 | €533,178 | +€21,612 | +4.2% |
| Non-distributable reserves | 130/1 | €14,300 | €14,300 | = | 0.0% |
| Legal reserve | 130 | €14,300 | €14,300 | = | 0.0% |
| Tax-exempt reserves | 132 | €184,062 | €205,673 | +€21,612 | +11.7% |
| Distributable reserves | 133 | €313,204 | €313,204 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,881 | €71,526 | +€37,645 | +111% |
| Provisions and deferred taxes | 16 | €95,675 | €51,418 | -€44,256 | -46.3% |
| Provisions for liabilities and charges | 160/5 | - | €51,418 | +€51,418 | |
| Taxes | 161 | - | €51,418 | +€51,418 | |
| Deferred taxes | 168 | €95,675 | - | -€95,675 | |
| Amounts payable | 17/49 | €111,587 | €78,424 | -€33,163 | -29.7% |
| Amounts payable within one year | 42/48 | €111,587 | €77,878 | -€33,709 | -30.2% |
| Current portion of amounts payable after more than one year | 42 | €38,169 | €35,522 | -€2,647 | -6.9% |
| Trade debts | 44 | €1,879 | €23,389 | +€21,510 | +1,145% |
| Suppliers | 440/4 | €1,879 | €23,389 | +€21,510 | +1,145% |
| Taxes, remuneration and social security | 45 | €19,038 | €18,879 | -€159 | -0.8% |
| Taxes | 450/3 | €19,038 | €18,879 | -€159 | -0.8% |
| Other amounts payable | 47/48 | €52,500 | €89 | -€52,412 | -99.8% |
| Accrued charges and deferred income | 492/3 | - | €546 | +€546 | |
| Non-recurring operating income | 76A | - | €5,863 | +€5,863 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,992 | €61,980 | -€9,012 | -12.7% |
| Other operating charges | 640/8 | €8,435 | €15,895 | +€7,460 | +88.4% |
| Gross operating margin | 9900 | €126,507 | €120,432 | -€6,075 | -4.8% |
| Operating profit (loss) | 9901 | €47,080 | €42,557 | -€4,523 | -9.6% |
| Financial income | 75/76B | €669 | €5,028 | +€4,360 | +652% |
| Recurring financial income | 75 | €669 | €5,028 | +€4,360 | +652% |
| Financial charges | 65/66B | €3,164 | €849 | -€2,316 | -73.2% |
| Recurring financial charges | 65 | €3,164 | €849 | -€2,316 | -73.2% |
| Profit (loss) for the period before taxes | 9903 | €44,584 | €46,737 | +€2,152 | +4.8% |
| Transfer from deferred taxes | 780 | €7,548 | €4,529 | -€3,019 | -40.0% |
| Income taxes | 67/77 | €22,119 | €18,879 | -€3,240 | -14.6% |
| Profit (loss) for the period | 9904 | €30,013 | €32,387 | +€2,373 | +7.9% |
| Transfer from tax-exempt reserves | 789 | €15,096 | €18,116 | +€3,019 | +20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €45,110 | €50,502 | +€5,393 | +12.0% |
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 13 October 2026 via checked.be.