LISIO: 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.
LISIO
Largest movements
- Current investments +€46,881
up €46,881 (+18.9%), from €248,126 to €295,008
- Cash -€21,687
down €21,687 (-31.9%), from €67,972 to €46,285
mainly Current investments (-€46,881) and Investment in fixed assets (net) (-€44,689)
- Tangible fixed assets +€20,197
up €20,197 (+10.4%), from €194,284 to €214,481
of which Furniture and vehicles: +€36,259
- Receivables within one year -€6,506
no longer reported in 2025 (was €6,506)
- Reserves +€41,841
up €41,841 (+19.8%), from €210,887 to €252,728
- Gross operating margin +€37,194
up €37,194 (+78.7%), from €47,257 to €84,450
- Depreciation +€10,246
up €10,246 (+65.4%), from €15,675 to €25,921
- Taxes +€5,913
up €5,913 (+57.9%), from €10,212 to €16,126
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 | €525,702 | €563,158 | +€37,455 | +7.1% |
| Fixed assets | 21/28 | €202,948 | €221,715 | +€18,768 | +9.2% |
| Intangible fixed assets | 21 | €8,664 | €7,234 | -€1,429 | -16.5% |
| Tangible fixed assets | 22/27 | €194,284 | €214,481 | +€20,197 | +10.4% |
| Plant, machinery and equipment | 23 | €4,801 | €3,761 | -€1,040 | -21.7% |
| Furniture and vehicles | 24 | €14,759 | €51,019 | +€36,259 | +245.7% |
| Other tangible fixed assets | 26 | €52,202 | €41,984 | -€10,218 | -19.6% |
| Assets under construction and advance payments | 27 | €122,521 | €117,717 | -€4,804 | -3.9% |
| Current assets | 29/58 | €322,755 | €341,443 | +€18,688 | +5.8% |
| Amounts receivable within one year | 40/41 | €6,506 | - | -€6,506 | |
| Other amounts receivable | 41 | €6,506 | - | -€6,506 | |
| Current investments | 50/53 | €248,126 | €295,008 | +€46,881 | +18.9% |
| Cash at bank and in hand | 54/58 | €67,972 | €46,285 | -€21,687 | -31.9% |
| Deferred charges and accrued income | 490/1 | €150 | €150 | = | 0.0% |
| Total equity and liabilities | 10/49 | €525,702 | €563,158 | +€37,455 | +7.1% |
| Equity | 10/15 | €518,225 | €560,066 | +€41,841 | +8.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €210,887 | €252,728 | +€41,841 | +19.8% |
| Distributable reserves | 133 | €210,887 | €252,728 | +€41,841 | +19.8% |
| Profit (loss) carried forward | 14 | €288,738 | €288,738 | = | 0.0% |
| Amounts payable | 17/49 | €7,477 | €3,092 | -€4,386 | -58.7% |
| Amounts payable within one year | 42/48 | €7,477 | €3,092 | -€4,386 | -58.7% |
| Trade debts | 44 | €4,757 | €159 | -€4,597 | -96.7% |
| Suppliers | 440/4 | €4,757 | €159 | -€4,597 | -96.7% |
| Taxes, remuneration and social security | 45 | - | €1,112 | +€1,112 | |
| Taxes | 450/3 | - | €1,112 | +€1,112 | |
| Other amounts payable | 47/48 | €2,720 | €1,820 | -€900 | -33.1% |
| Non-recurring operating income | 76A | - | €19,000 | +€19,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,675 | €25,921 | +€10,246 | +65.4% |
| Other operating charges | 640/8 | €701 | €587 | -€114 | -16.2% |
| Gross operating margin | 9900 | €47,257 | €84,450 | +€37,194 | +78.7% |
| Operating profit (loss) | 9901 | €30,881 | €57,942 | +€27,061 | +87.6% |
| Financial income | 75/76B | €781 | €904 | +€123 | +15.8% |
| Recurring financial income | 75 | €781 | €904 | +€123 | +15.8% |
| Financial charges | 65/66B | €45 | €47 | +€1 | +2.9% |
| Recurring financial charges | 65 | €45 | €47 | +€1 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €31,617 | €58,800 | +€27,183 | +86.0% |
| Income taxes | 67/77 | €10,212 | €16,126 | +€5,913 | +57.9% |
| Profit (loss) for the period | 9904 | €21,404 | €42,674 | +€21,270 | +99.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,404 | €42,674 | +€21,270 | +99.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.