LISMAT: 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.
LISMAT
Largest movements
- Tangible fixed assets +€56,866
up €56,866 (+794%), from €7,164 to €64,030
of which Furniture and vehicles: +€41,459
- Receivables within one year +€25,619
up €25,619 (+100%), from €25,497 to €51,115
- Cash -€13,691
down €13,691 (-12.1%), from €113,039 to €99,348
mainly Investment in fixed assets (net) (-€65,841) and Receivables within one year (-€25,619)
- Stocks and contracts -€2,521
down €2,521 (-34.4%), from €7,325 to €4,803
- Other debts +€25,000
up €25,000 (+621%), from €4,027 to €29,027
- Debts after one year +€23,274
new in 2025: €23,274
- Profit (loss) carried forward +€20,315
up €20,315 (+28.3%), from €71,703 to €92,018
- Trade debts -€11,398
down €11,398 (-33.9%), from €33,635 to €22,236
- Current portion of long-term debt +€9,310
new in 2025: €9,310
- Gross operating margin +€30,090
up €30,090 (+45.8%), from €65,647 to €95,737
- Staff costs +€28,485
up €28,485 (+97.9%), from €29,106 to €57,590
- Other operating charges -€7,619
down €7,619 (-78.2%), from €9,739 to €2,120
- Depreciation +€6,047
up €6,047 (+207%), from €2,928 to €8,975
- Financial charges -€3,589
down €3,589 (-66.4%), from €5,403 to €1,814
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 | €155,425 | €223,424 | +€68,000 | +43.8% |
| Fixed assets | 21/28 | €9,564 | €66,430 | +€56,866 | +595% |
| Tangible fixed assets | 22/27 | €7,164 | €64,030 | +€56,866 | +794% |
| Plant, machinery and equipment | 23 | €5,004 | €20,411 | +€15,407 | +308% |
| Furniture and vehicles | 24 | €2,160 | €43,619 | +€41,459 | +1,919% |
| Financial fixed assets | 28 | €2,400 | €2,400 | = | 0.0% |
| Current assets | 29/58 | €145,861 | €156,994 | +€11,134 | +7.6% |
| Stocks and contracts in progress | 3 | €7,325 | €4,803 | -€2,521 | -34.4% |
| Stocks | 30/36 | €7,325 | €4,803 | -€2,521 | -34.4% |
| Amounts receivable within one year | 40/41 | €25,497 | €51,115 | +€25,619 | +100% |
| Other amounts receivable | 41 | €25,497 | €51,115 | +€25,619 | +100% |
| Cash at bank and in hand | 54/58 | €113,039 | €99,348 | -€13,691 | -12.1% |
| Deferred charges and accrued income | 490/1 | - | €1,728 | +€1,728 | |
| Total equity and liabilities | 10/49 | €155,425 | €223,424 | +€68,000 | +43.8% |
| Equity | 10/15 | €96,703 | €117,018 | +€20,315 | +21.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,703 | €92,018 | +€20,315 | +28.3% |
| Amounts payable | 17/49 | €58,722 | €106,407 | +€47,685 | +81.2% |
| Amounts payable after more than one year | 17 | - | €23,274 | +€23,274 | |
| Financial debts | 170/4 | - | €23,274 | +€23,274 | |
| Amounts payable within one year | 42/48 | €58,722 | €83,132 | +€24,411 | +41.6% |
| Current portion of amounts payable after more than one year | 42 | - | €9,310 | +€9,310 | |
| Trade debts | 44 | €33,635 | €22,236 | -€11,398 | -33.9% |
| Suppliers | 440/4 | €33,635 | €22,236 | -€11,398 | -33.9% |
| Taxes, remuneration and social security | 45 | €21,060 | €22,559 | +€1,499 | +7.1% |
| Taxes | 450/3 | €18,003 | €21,195 | +€3,191 | +17.7% |
| Remuneration and social security | 454/9 | €3,057 | €1,365 | -€1,692 | -55.4% |
| Other amounts payable | 47/48 | €4,027 | €29,027 | +€25,000 | +621% |
| Remuneration, social security and pensions | 62 | €29,106 | €57,590 | +€28,485 | +97.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,928 | €8,975 | +€6,047 | +207% |
| Other operating charges | 640/8 | €9,739 | €2,120 | -€7,619 | -78.2% |
| Gross operating margin | 9900 | €65,647 | €95,737 | +€30,090 | +45.8% |
| Operating profit (loss) | 9901 | €23,875 | €27,052 | +€3,177 | +13.3% |
| Financial income | 75/76B | €98 | €1 | -€98 | -99.4% |
| Recurring financial income | 75 | €98 | €1 | -€98 | -99.4% |
| Financial charges | 65/66B | €5,403 | €1,814 | -€3,589 | -66.4% |
| Recurring financial charges | 65 | €5,403 | €1,814 | -€3,589 | -66.4% |
| Profit (loss) for the period before taxes | 9903 | €18,571 | €25,239 | +€6,668 | +35.9% |
| Income taxes | 67/77 | €4,544 | €4,924 | +€380 | +8.4% |
| Profit (loss) for the period | 9904 | €14,027 | €20,315 | +€6,288 | +44.8% |
| Profit (loss) for the period to be appropriated | 9905 | €14,027 | €20,315 | +€6,288 | +44.8% |
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 27 October 2026 via checked.be.