LiSS: 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.
LiSS
Largest movements
- Current investments -€96,445
down €96,445 (-27.1%), from €356,483 to €260,039
- Receivables within one year -€61,172
down €61,172 (-32.4%), from €188,945 to €127,773
of which Other amounts receivable: -€57,744
- Tangible fixed assets +€24,494
up €24,494 (+257.6%), from €9,510 to €34,004
of which Furniture and vehicles: +€26,022
- Cash -€23,937
down €23,937 (-10.5%), from €227,286 to €203,349
mainly Contributions, distributions and other (-€272,971) and Investment in fixed assets (net) (-€34,287)
- Reserves -€203,591
down €203,591 (-34.1%), from €596,849 to €393,258
of which Distributable reserves: -€203,591
- Trade debts +€31,917
up €31,917 (+276.3%), from €11,550 to €43,467
- Other debts +€10,428
up €10,428 (+6.2%), from €168,427 to €178,855
- Gross operating margin -€96,857
down €96,857 (-53.7%), from €180,357 to €83,500
- Financial income -€3,873
down €3,873 (-30.3%), from €12,776 to €8,903
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 | €786,663 | €630,681 | -€155,982 | -19.8% |
| Fixed assets | 21/28 | €9,510 | €34,004 | +€24,494 | +257.6% |
| Tangible fixed assets | 22/27 | €9,510 | €34,004 | +€24,494 | +257.6% |
| Plant, machinery and equipment | 23 | €2,988 | €1,460 | -€1,528 | -51.1% |
| Furniture and vehicles | 24 | €6,522 | €32,544 | +€26,022 | +399.0% |
| Current assets | 29/58 | €777,154 | €596,677 | -€180,476 | -23.2% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €188,945 | €127,773 | -€61,172 | -32.4% |
| Trade receivables | 40 | €75,232 | €71,804 | -€3,428 | -4.6% |
| Other amounts receivable | 41 | €113,712 | €55,968 | -€57,744 | -50.8% |
| Current investments | 50/53 | €356,483 | €260,039 | -€96,445 | -27.1% |
| Cash at bank and in hand | 54/58 | €227,286 | €203,349 | -€23,937 | -10.5% |
| Deferred charges and accrued income | 490/1 | €4,440 | €5,517 | +€1,077 | +24.3% |
| Total equity and liabilities | 10/49 | €786,663 | €630,681 | -€155,982 | -19.8% |
| Equity | 10/15 | €603,049 | €399,458 | -€203,591 | -33.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €596,849 | €393,258 | -€203,591 | -34.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €596,849 | €393,258 | -€203,591 | -34.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €183,615 | €231,223 | +€47,609 | +25.9% |
| Amounts payable within one year | 42/48 | €183,615 | €231,223 | +€47,609 | +25.9% |
| Trade debts | 44 | €11,550 | €43,467 | +€31,917 | +276.3% |
| Suppliers | 440/4 | €11,550 | €43,467 | +€31,917 | +276.3% |
| Taxes, remuneration and social security | 45 | €3,638 | €8,901 | +€5,263 | +144.7% |
| Taxes | 450/3 | €3,638 | €8,901 | +€5,263 | +144.7% |
| Other amounts payable | 47/48 | €168,427 | €178,855 | +€10,428 | +6.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | €19,900 | +€19,900 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,909 | €9,793 | -€1,116 | -10.2% |
| Other operating charges | 640/8 | €1,672 | €2,941 | +€1,268 | +75.9% |
| Gross operating margin | 9900 | €180,357 | €83,500 | -€96,857 | -53.7% |
| Operating profit (loss) | 9901 | €167,776 | €70,766 | -€97,009 | -57.8% |
| Financial income | 75/76B | €12,776 | €8,903 | -€3,873 | -30.3% |
| Recurring financial income | 75 | €12,776 | €8,903 | -€3,873 | -30.3% |
| Financial charges | 65/66B | €1,703 | €1,237 | -€466 | -27.4% |
| Recurring financial charges | 65 | €1,703 | €1,237 | -€466 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | €178,849 | €78,432 | -€100,416 | -56.1% |
| Income taxes | 67/77 | €8,173 | €9,052 | +€879 | +10.8% |
| Profit (loss) for the period | 9904 | €170,676 | €69,380 | -€101,295 | -59.3% |
| Profit (loss) for the period to be appropriated | 9905 | €170,676 | €69,380 | -€101,295 | -59.3% |
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.