LISCO: what changed
Two fiscal 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.
LISCO
Largest movements
- Current investments +€256,000
up €256,000 (+3951.8%), from €6,478 to €262,478
- Receivables within one year +€44,891
up €44,891 (+8.4%), from €535,040 to €579,931
of which Other amounts receivable: +€30,391
- Stocks and contracts -€29,524
down €29,524 (-93.5%), from €31,561 to €2,037
- Tangible fixed assets -€20,975
down €20,975 (-41.5%), from €50,597 to €29,622
of which Furniture and vehicles: -€12,246
- Cash -€17,940
down €17,940 (-15.0%), from €119,431 to €101,491
mainly Current investments (-€256,000) and Receivables within one year (-€44,891)
- Reserves +€187,298
up €187,298 (+41.4%), from €452,816 to €640,114
- Trade debts +€98,275
up €98,275 (+41.3%), from €237,934 to €336,209
- Other debts -€28,583
down €28,583 (-95.7%), from €29,868 to €1,285
- Accrued charges and deferred income -€25,270
no longer reported in 2025 (was €25,270)
- Tax, wage and social debts +€19,025
up €19,025 (+43.7%), from €43,534 to €62,559
of which Taxes: +€16,418
- Staff costs -€56,374
down €56,374 (-30.4%), from €185,363 to €128,989
- Taxes +€25,111
up €25,111 (+47.4%), from €53,021 to €78,131
- Financial income -€11,982
down €11,982 (-99.6%), from €12,034 to €52
- Gross operating margin +€7,532
up €7,532 (+1.8%), from €416,671 to €424,203
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 | €883,239 | €1,126,374 | +€243,135 | +27.5% |
| Fixed assets | 21/28 | €181,926 | €176,514 | -€5,413 | -3.0% |
| Intangible fixed assets | 21 | €7,479 | €23,042 | +€15,562 | +208.1% |
| Tangible fixed assets | 22/27 | €50,597 | €29,622 | -€20,975 | -41.5% |
| Plant, machinery and equipment | 23 | €23,009 | €15,873 | -€7,136 | -31.0% |
| Furniture and vehicles | 24 | €22,021 | €9,775 | -€12,246 | -55.6% |
| Other tangible fixed assets | 26 | €5,567 | €3,974 | -€1,593 | -28.6% |
| Financial fixed assets | 28 | €123,850 | €123,850 | = | 0.0% |
| Current assets | 29/58 | €701,312 | €949,860 | +€248,548 | +35.4% |
| Stocks and contracts in progress | 3 | €31,561 | €2,037 | -€29,524 | -93.5% |
| Contracts in progress | 37 | €31,561 | €2,037 | -€29,524 | -93.5% |
| Amounts receivable within one year | 40/41 | €535,040 | €579,931 | +€44,891 | +8.4% |
| Trade receivables | 40 | €534,317 | €548,817 | +€14,500 | +2.7% |
| Other amounts receivable | 41 | €724 | €31,114 | +€30,391 | +4200.1% |
| Current investments | 50/53 | €6,478 | €262,478 | +€256,000 | +3951.8% |
| Cash at bank and in hand | 54/58 | €119,431 | €101,491 | -€17,940 | -15.0% |
| Deferred charges and accrued income | 490/1 | €8,802 | €3,922 | -€4,880 | -55.4% |
| Total equity and liabilities | 10/49 | €883,239 | €1,126,374 | +€243,135 | +27.5% |
| Equity | 10/15 | €539,022 | €726,320 | +€187,298 | +34.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €452,816 | €640,114 | +€187,298 | +41.4% |
| Distributable reserves | 133 | €452,816 | €640,114 | +€187,298 | +41.4% |
| Profit (loss) carried forward | 14 | €73,807 | €73,807 | = | 0.0% |
| Amounts payable | 17/49 | €344,216 | €400,053 | +€55,837 | +16.2% |
| Amounts payable within one year | 42/48 | €318,946 | €400,053 | +€81,107 | +25.4% |
| Current portion of amounts payable after more than one year | 42 | €7,610 | - | -€7,610 | |
| Trade debts | 44 | €237,934 | €336,209 | +€98,275 | +41.3% |
| Suppliers | 440/4 | €237,934 | €336,209 | +€98,275 | +41.3% |
| Taxes, remuneration and social security | 45 | €43,534 | €62,559 | +€19,025 | +43.7% |
| Taxes | 450/3 | €34,936 | €51,355 | +€16,418 | +47.0% |
| Remuneration and social security | 454/9 | €8,597 | €11,204 | +€2,607 | +30.3% |
| Other amounts payable | 47/48 | €29,868 | €1,285 | -€28,583 | -95.7% |
| Accrued charges and deferred income | 492/3 | €25,270 | - | -€25,270 | |
| Remuneration, social security and pensions | 62 | €185,363 | €128,989 | -€56,374 | -30.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,412 | €27,420 | +€2,008 | +7.9% |
| Other operating charges | 640/8 | €3,494 | €2,057 | -€1,437 | -41.1% |
| Gross operating margin | 9900 | €416,671 | €424,203 | +€7,532 | +1.8% |
| Operating profit (loss) | 9901 | €202,403 | €265,737 | +€63,334 | +31.3% |
| Financial income | 75/76B | €12,034 | €52 | -€11,982 | -99.6% |
| Recurring financial income | 75 | €12,034 | €52 | -€11,982 | -99.6% |
| Financial charges | 65/66B | €1,091 | €360 | -€730 | -67.0% |
| Recurring financial charges | 65 | €1,091 | €360 | -€730 | -67.0% |
| Profit (loss) for the period before taxes | 9903 | €213,346 | €265,429 | +€52,083 | +24.4% |
| Income taxes | 67/77 | €53,021 | €78,131 | +€25,111 | +47.4% |
| Profit (loss) for the period | 9904 | €160,326 | €187,298 | +€26,972 | +16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €160,326 | €187,298 | +€26,972 | +16.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.