LISSEP: what changed
What changed
LISSEP
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€90,198
2024 · €73,972+€16,226
Equity
€897,685
2024 · €832,487+€65,198
Cash
€27,823
2024 · €31,172-€3,349
Balance sheet total
€2.1m
2024 · €2.1m-€17,334
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€121,660
down €121,660 (-12.8%), from €949,468 to €827,808
- Reserves +€65,198
up €65,198 (+8.0%), from €813,895 to €879,093
- Other debts +€28,146
up €28,146 (+10.8%), from €260,780 to €288,926
Income statement
- Financial charges -€20,977
down €20,977 (-49.8%), from €42,109 to €21,132
- Taxes +€6,427
up €6,427 (+34.7%), from €18,524 to €24,952
- Gross operating margin +€3,094
up €3,094 (+1.7%), from €186,664 to €189,758
- Depreciation +€2,947
up €2,947 (+6.7%), from €43,826 to €46,773
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€73,972
Gross operating margin
+€3,094
Depreciation
-€2,947
Other operating charges
+€1,539
Financial income
-€9
Financial charges
+€20,977
Taxes
-€6,427
Result 2025
€90,198
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€174,658
Investment
-€36,327
Financing
-€141,681
Cash 2024
€31,172
From operations (derived)
+€174,658
Net result for the year
+€90,198
Depreciation
+€46,773
Receivables within one year
+€4,312
Deferred charges and accrued income
-€773
Trade debts
+€5,794
Tax, wage and social debts
+€209
Other debts
+€28,146
Investment (derived)
-€36,327
Investment in fixed assets (net)
-€36,327
Financing
-€141,681
Debts after one year
-€121,660
Current portion of long-term debt
+€4,979
Contributions, distributions and other
-€25,000
Cash 2025
€27,823
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,140,486 | €2,123,152 | -€17,334 | -0.8% |
| Fixed assets | 21/28 | €2,101,148 | €2,090,702 | -€10,446 | -0.5% |
| Tangible fixed assets | 22/27 | €1,376,148 | €1,365,702 | -€10,446 | -0.8% |
| Land and buildings | 22 | €1,335,348 | €1,333,691 | -€1,657 | -0.1% |
| Plant, machinery and equipment | 23 | €23,713 | €18,578 | -€5,136 | -21.7% |
| Furniture and vehicles | 24 | €17,087 | €13,434 | -€3,653 | -21.4% |
| Financial fixed assets | 28 | €725,000 | €725,000 | = | 0.0% |
| Current assets | 29/58 | €39,338 | €32,450 | -€6,888 | -17.5% |
| Amounts receivable within one year | 40/41 | €6,511 | €2,199 | -€4,312 | -66.2% |
| Trade receivables | 40 | - | €2,181 | +€2,181 | |
| Other amounts receivable | 41 | €6,511 | €19 | -€6,493 | -99.7% |
| Cash at bank and in hand | 54/58 | €31,172 | €27,823 | -€3,349 | -10.7% |
| Deferred charges and accrued income | 490/1 | €1,655 | €2,428 | +€773 | +46.7% |
| Total equity and liabilities | 10/49 | €2,140,486 | €2,123,152 | -€17,334 | -0.8% |
| Equity | 10/15 | €832,487 | €897,685 | +€65,198 | +7.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €813,895 | €879,093 | +€65,198 | +8.0% |
| Distributable reserves | 133 | €813,895 | €879,093 | +€65,198 | +8.0% |
| Amounts payable | 17/49 | €1,307,999 | €1,225,467 | -€82,532 | -6.3% |
| Amounts payable after more than one year | 17 | €949,468 | €827,808 | -€121,660 | -12.8% |
| Financial debts | 170/4 | €949,468 | €827,808 | -€121,660 | -12.8% |
| Amounts payable within one year | 42/48 | €358,531 | €397,659 | +€39,128 | +10.9% |
| Current portion of amounts payable after more than one year | 42 | €87,065 | €92,045 | +€4,979 | +5.7% |
| Trade debts | 44 | €4,729 | €10,523 | +€5,794 | +123% |
| Suppliers | 440/4 | €4,729 | €10,523 | +€5,794 | +123% |
| Taxes, remuneration and social security | 45 | €5,956 | €6,165 | +€209 | +3.5% |
| Taxes | 450/3 | €5,956 | €6,165 | +€209 | +3.5% |
| Other amounts payable | 47/48 | €260,780 | €288,926 | +€28,146 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,826 | €46,773 | +€2,947 | +6.7% |
| Other operating charges | 640/8 | €8,353 | €6,814 | -€1,539 | -18.4% |
| Gross operating margin | 9900 | €186,664 | €189,758 | +€3,094 | +1.7% |
| Operating profit (loss) | 9901 | €134,486 | €136,171 | +€1,685 | +1.3% |
| Financial income | 75/76B | €120 | €111 | -€9 | -7.4% |
| Recurring financial income | 75 | €120 | €111 | -€9 | -7.4% |
| Financial charges | 65/66B | €42,109 | €21,132 | -€20,977 | -49.8% |
| Recurring financial charges | 65 | €42,109 | €21,132 | -€20,977 | -49.8% |
| Profit (loss) for the period before taxes | 9903 | €92,496 | €115,150 | +€22,654 | +24.5% |
| Income taxes | 67/77 | €18,524 | €24,952 | +€6,427 | +34.7% |
| Profit (loss) for the period | 9904 | €73,972 | €90,198 | +€16,226 | +21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €73,972 | €90,198 | +€16,226 | +21.9% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.