LISN: 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.
LISN
Largest movements
- Cash -€19,552
down €19,552 (-44.8%), from €43,611 to €24,059
mainly Net result for the year (-€11,543) and Investment in fixed assets (net) (-€11,243)
- Receivables within one year -€11,223
down €11,223 (-39.9%), from €28,153 to €16,930
of which Trade receivables: -€10,109
- Tangible fixed assets +€7,707
up €7,707 (+355.9%), from €2,165 to €9,872
- Receivables after one year -€1,357
down €1,357 (-100.0%), from €1,357 to €0
- Other debts -€9,140
down €9,140 (-33.3%), from €27,461 to €18,321
- Profit (loss) carried forward -€7,259
new in 2025: -€7,259
- Reserves -€4,284
down €4,284 (-22.9%), from €18,736 to €14,453
of which Distributable reserves: -€4,284
- Tax, wage and social debts -€2,354
down €2,354 (-18.9%), from €12,481 to €10,128
- Accrued charges and deferred income -€1,801
down €1,801 (-100.0%), from €1,801 to €0
- Gross operating margin -€32,979
down €32,979, from €26,904 to -€6,075
- Taxes -€9,554
down €9,554 (-98.5%), from €9,694 to €141
- Depreciation +€1,240
up €1,240 (+54.0%), from €2,296 to €3,536
- Financial charges +€581
up €581 (+322.2%), from €180 to €762
- Other operating charges +€534
up €534 (+104.6%), from €511 to €1,045
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 | €75,480 | €51,223 | -€24,257 | -32.1% |
| Fixed assets | 21/28 | €2,335 | €10,042 | +€7,707 | +330.0% |
| Tangible fixed assets | 22/27 | €2,165 | €9,872 | +€7,707 | +355.9% |
| Furniture and vehicles | 24 | €2,165 | €9,872 | +€7,707 | +355.9% |
| Financial fixed assets | 28 | €170 | €170 | = | 0.0% |
| Current assets | 29/58 | €73,145 | €41,181 | -€31,963 | -43.7% |
| Amounts receivable after more than one year | 29 | €1,357 | €0 | -€1,357 | -100.0% |
| Other amounts receivable | 291 | €1,357 | €0 | -€1,357 | -100.0% |
| Amounts receivable within one year | 40/41 | €28,153 | €16,930 | -€11,223 | -39.9% |
| Trade receivables | 40 | €27,039 | €16,930 | -€10,109 | -37.4% |
| Other amounts receivable | 41 | €1,114 | €0 | -€1,114 | -100.0% |
| Cash at bank and in hand | 54/58 | €43,611 | €24,059 | -€19,552 | -44.8% |
| Deferred charges and accrued income | 490/1 | €24 | €192 | +€169 | +708.6% |
| Total equity and liabilities | 10/49 | €75,480 | €51,223 | -€24,257 | -32.1% |
| Equity | 10/15 | €33,736 | €22,194 | -€11,543 | -34.2% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €18,736 | €14,453 | -€4,284 | -22.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €217 | €217 | = | 0.0% |
| Distributable reserves | 133 | €18,519 | €14,235 | -€4,284 | -23.1% |
| Profit (loss) carried forward | 14 | - | -€7,259 | -€7,259 | |
| Amounts payable | 17/49 | €41,743 | €29,029 | -€12,714 | -30.5% |
| Amounts payable within one year | 42/48 | €39,942 | €29,029 | -€10,913 | -27.3% |
| Trade debts | 44 | - | €580 | +€580 | |
| Suppliers | 440/4 | - | €580 | +€580 | |
| Taxes, remuneration and social security | 45 | €12,481 | €10,128 | -€2,354 | -18.9% |
| Taxes | 450/3 | €12,481 | €10,128 | -€2,354 | -18.9% |
| Other amounts payable | 47/48 | €27,461 | €18,321 | -€9,140 | -33.3% |
| Accrued charges and deferred income | 492/3 | €1,801 | €0 | -€1,801 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,296 | €3,536 | +€1,240 | +54.0% |
| Other operating charges | 640/8 | €511 | €1,045 | +€534 | +104.6% |
| Gross operating margin | 9900 | €26,904 | -€6,075 | -€32,979 | |
| Operating profit (loss) | 9901 | €24,098 | -€10,655 | -€34,753 | |
| Financial income | 75/76B | €12 | €15 | +€3 | +25.3% |
| Recurring financial income | 75 | €12 | €15 | +€3 | +25.3% |
| Financial charges | 65/66B | €180 | €762 | +€581 | +322.2% |
| Recurring financial charges | 65 | €180 | €762 | +€581 | +322.2% |
| Profit (loss) for the period before taxes | 9903 | €23,930 | -€11,402 | -€35,331 | |
| Income taxes | 67/77 | €9,694 | €141 | -€9,554 | -98.5% |
| Profit (loss) for the period | 9904 | €14,235 | -€11,543 | -€25,778 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,235 | -€11,543 | -€25,778 |
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 10 October 2026 via checked.be.