LISEO: 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.
LISEO
Largest movements
- Receivables within one year +€3,058
up €3,058 (+157%), from €1,950 to €5,008
- Cash -€2,103
down €2,103 (-19.8%), from €10,632 to €8,529
mainly Net result for the year (-€3,845) and Receivables within one year (-€3,058)
- Tangible fixed assets -€1,816
down €1,816 (-36.1%), from €5,023 to €3,207
of which Plant, machinery and equipment: -€1,111
- Deferred charges and accrued income +€669
up €669, from €0 to €669
- Tax, wage and social debts +€3,856
up €3,856 (+145%), from €2,654 to €6,511
of which Remuneration and social security: +€2,847
- Profit (loss) carried forward -€3,845
down €3,845 (-30.4%), from -€12,666 to -€16,511
- Trade debts -€193
down €193 (-4.7%), from €4,074 to €3,880
- Staff costs -€2,703
down €2,703 (-44.0%), from €6,138 to €3,435
- Gross operating margin -€2,148
down €2,148 (-36.2%), from €5,939 to €3,790
- Financial income -€2,142
down €2,142 (-96.9%), from €2,212 to €69
- Financial charges +€1,027
up €1,027 (+124%), from €827 to €1,854
- Depreciation +€238
up €238 (+15.1%), from €1,577 to €1,816
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 | €17,680 | €17,487 | -€193 | -1.1% |
| Fixed assets | 21/28 | €5,098 | €3,282 | -€1,816 | -35.6% |
| Tangible fixed assets | 22/27 | €5,023 | €3,207 | -€1,816 | -36.1% |
| Plant, machinery and equipment | 23 | €3,676 | €2,565 | -€1,111 | -30.2% |
| Furniture and vehicles | 24 | €1,347 | €642 | -€705 | -52.3% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €12,582 | €14,205 | +€1,623 | +12.9% |
| Amounts receivable within one year | 40/41 | €1,950 | €5,008 | +€3,058 | +157% |
| Trade receivables | 40 | €1,950 | €5,008 | +€3,058 | +157% |
| Cash at bank and in hand | 54/58 | €10,632 | €8,529 | -€2,103 | -19.8% |
| Deferred charges and accrued income | 490/1 | €0 | €669 | +€669 | |
| Total equity and liabilities | 10/49 | €17,680 | €17,487 | -€193 | -1.1% |
| Equity | 10/15 | €10,862 | €7,017 | -€3,845 | -35.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €18,528 | €18,528 | = | 0.0% |
| Distributable reserves | 133 | €18,528 | €18,528 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,666 | -€16,511 | -€3,845 | -30.4% |
| Amounts payable | 17/49 | €6,818 | €10,470 | +€3,653 | +53.6% |
| Amounts payable within one year | 42/48 | €6,818 | €10,391 | +€3,573 | +52.4% |
| Trade debts | 44 | €4,074 | €3,880 | -€193 | -4.7% |
| Suppliers | 440/4 | €4,074 | €3,880 | -€193 | -4.7% |
| Taxes, remuneration and social security | 45 | €2,654 | €6,511 | +€3,856 | +145% |
| Taxes | 450/3 | €2,532 | €3,541 | +€1,010 | +39.9% |
| Remuneration and social security | 454/9 | €123 | €2,969 | +€2,847 | +2,318% |
| Other amounts payable | 47/48 | €90 | €0 | -€90 | -100% |
| Accrued charges and deferred income | 492/3 | - | €80 | +€80 | |
| Remuneration, social security and pensions | 62 | €6,138 | €3,435 | -€2,703 | -44.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,577 | €1,816 | +€238 | +15.1% |
| Other operating charges | 640/8 | €655 | €459 | -€196 | -30.0% |
| Gross operating margin | 9900 | €5,939 | €3,790 | -€2,148 | -36.2% |
| Operating profit (loss) | 9901 | -€2,432 | -€1,920 | +€513 | +21.1% |
| Financial income | 75/76B | €2,212 | €69 | -€2,142 | -96.9% |
| Recurring financial income | 75 | €2,212 | €69 | -€2,142 | -96.9% |
| Financial charges | 65/66B | €827 | €1,854 | +€1,027 | +124% |
| Recurring financial charges | 65 | €827 | €1,854 | +€1,027 | +124% |
| Profit (loss) for the period before taxes | 9903 | -€1,048 | -€3,704 | -€2,656 | -253% |
| Income taxes | 67/77 | €153 | €141 | -€13 | -8.2% |
| Profit (loss) for the period | 9904 | -€1,202 | -€3,845 | -€2,643 | -220% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,202 | -€3,845 | -€2,643 | -220% |
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 28 October 2026 via checked.be.