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
- Current investments -€200,000
down €200,000 (-100.0%), from €200,000 to €0
- Receivables within one year +€144,919
new in 2025: €144,919
of which Other amounts receivable: +€141,719
- Cash +€46,612
up €46,612 (+54.0%), from €86,284 to €132,896
mainly Current investments (+€200,000) and Other debts (+€15,114)
- Reserves -€35,866
down €35,866 (-18.4%), from €194,481 to €158,615
of which Distributable reserves: -€35,866
- Other debts +€15,114
up €15,114 (+47.6%), from €31,751 to €46,866
- Tax, wage and social debts +€4,827
up €4,827 (+389.4%), from €1,240 to €6,067
- Accrued charges and deferred income +€4,500
new in 2025: €4,500
- Trade debts +€4,310
up €4,310 (+476.6%), from €904 to €5,214
- Gross operating margin -€6,669
down €6,669 (-37.7%), from €17,690 to €11,022
- Taxes +€5,667
up €5,667 (+257.6%), from €2,200 to €7,867
- Other operating charges -€2,046
down €2,046 (-79.0%), from €2,590 to €544
- Financial income -€1,041
down €1,041 (-9.6%), from €10,893 to €9,852
of which Non-recurring financial income: -€5,045
- Depreciation +€290
up €290 (+32.7%), from €887 to €1,177
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 | €293,349 | €286,237 | -€7,111 | -2.4% |
| Fixed assets | 21/28 | €3,511 | €3,032 | -€478 | -13.6% |
| Tangible fixed assets | 22/27 | €3,511 | €3,032 | -€478 | -13.6% |
| Furniture and vehicles | 24 | €3,511 | €3,032 | -€478 | -13.6% |
| Current assets | 29/58 | €289,838 | €283,205 | -€6,633 | -2.3% |
| Amounts receivable within one year | 40/41 | - | €144,919 | +€144,919 | |
| Trade receivables | 40 | - | €3,200 | +€3,200 | |
| Other amounts receivable | 41 | - | €141,719 | +€141,719 | |
| Current investments | 50/53 | €200,000 | €0 | -€200,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €86,284 | €132,896 | +€46,612 | +54.0% |
| Deferred charges and accrued income | 490/1 | €3,554 | €5,390 | +€1,836 | +51.7% |
| Total equity and liabilities | 10/49 | €293,349 | €286,237 | -€7,111 | -2.4% |
| Equity | 10/15 | €259,454 | €223,591 | -€35,863 | -13.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €45,703 | €45,703 | = | 0.0% |
| Reserves | 13 | €194,481 | €158,615 | -€35,866 | -18.4% |
| Non-distributable reserves | 130/1 | €4,214 | €4,214 | = | 0.0% |
| Other | 1319 | €4,214 | €4,214 | = | 0.0% |
| Distributable reserves | 133 | €190,267 | €154,401 | -€35,866 | -18.9% |
| Profit (loss) carried forward | 14 | €678 | €681 | +€3 | +0.5% |
| Amounts payable | 17/49 | €33,895 | €62,646 | +€28,751 | +84.8% |
| Amounts payable within one year | 42/48 | €33,895 | €58,146 | +€24,251 | +71.5% |
| Trade debts | 44 | €904 | €5,214 | +€4,310 | +476.6% |
| Suppliers | 440/4 | €904 | €5,214 | +€4,310 | +476.6% |
| Taxes, remuneration and social security | 45 | €1,240 | €6,067 | +€4,827 | +389.4% |
| Taxes | 450/3 | €1,240 | €6,067 | +€4,827 | +389.4% |
| Other amounts payable | 47/48 | €31,751 | €46,866 | +€15,114 | +47.6% |
| Accrued charges and deferred income | 492/3 | - | €4,500 | +€4,500 | |
| Non-recurring operating income | 76A | €2,603 | €0 | -€2,603 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €887 | €1,177 | +€290 | +32.7% |
| Other operating charges | 640/8 | €2,590 | €544 | -€2,046 | -79.0% |
| Gross operating margin | 9900 | €17,690 | €11,022 | -€6,669 | -37.7% |
| Operating profit (loss) | 9901 | €14,213 | €9,300 | -€4,913 | -34.6% |
| Financial income | 75/76B | €10,893 | €9,852 | -€1,041 | -9.6% |
| Recurring financial income | 75 | €5,848 | €9,852 | +€4,004 | +68.5% |
| Non-recurring financial income | 76B | €5,045 | €0 | -€5,045 | -100.0% |
| Financial charges | 65/66B | €229 | €282 | +€53 | +23.3% |
| Recurring financial charges | 65 | €229 | €282 | +€53 | +23.3% |
| Profit (loss) for the period before taxes | 9903 | €24,878 | €18,870 | -€6,008 | -24.1% |
| Income taxes | 67/77 | €2,200 | €7,867 | +€5,667 | +257.6% |
| Profit (loss) for the period | 9904 | €22,678 | €11,003 | -€11,675 | -51.5% |
| Profit (loss) for the period to be appropriated | 9905 | €22,678 | €11,003 | -€11,675 | -51.5% |
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 11 October 2026 via checked.be.