LISST: 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.
LISST
Largest movements
- Cash -€60,910
down €60,910 (-84.5%), from €72,052 to €11,142
mainly Current investments (-€58,619) and Receivables within one year (-€19,570)
- Current investments +€58,619
new in 2025: €58,619
- Receivables within one year +€19,570
up €19,570 (+46.8%), from €41,842 to €61,412
of which Trade receivables: +€18,847
- Reserves +€15,668
up €15,668 (+51.8%), from €30,276 to €45,944
- Trade debts -€11,233
down €11,233 (-62.0%), from €18,121 to €6,888
- Accrued charges and deferred income +€7,500
new in 2025: €7,500
- Other debts +€2,753
up €2,753 (+6.3%), from €44,003 to €46,757
- Gross operating margin +€36,658
up €36,658, from -€17,163 to €19,496
- Taxes +€1,567
new in 2025: €1,567
- Other operating charges -€474
down €474 (-54.3%), from €874 to €400
- Write-downs +€314
new in 2025: €314
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 | €127,735 | €143,544 | +€15,809 | +12.4% |
| Fixed assets | 21/28 | €2,100 | €1,238 | -€862 | -41.0% |
| Intangible fixed assets | 21 | €927 | €368 | -€560 | -60.3% |
| Tangible fixed assets | 22/27 | €813 | €510 | -€302 | -37.2% |
| Plant, machinery and equipment | 23 | €813 | - | -€813 | |
| Furniture and vehicles | 24 | - | €510 | +€510 | |
| Financial fixed assets | 28 | €360 | €360 | = | 0.0% |
| Current assets | 29/58 | €125,635 | €142,306 | +€16,671 | +13.3% |
| Amounts receivable within one year | 40/41 | €41,842 | €61,412 | +€19,570 | +46.8% |
| Trade receivables | 40 | €40,131 | €58,979 | +€18,847 | +47.0% |
| Other amounts receivable | 41 | €1,710 | €2,433 | +€723 | +42.3% |
| Current investments | 50/53 | - | €58,619 | +€58,619 | |
| Cash at bank and in hand | 54/58 | €72,052 | €11,142 | -€60,910 | -84.5% |
| Deferred charges and accrued income | 490/1 | €11,742 | €11,133 | -€609 | -5.2% |
| Total equity and liabilities | 10/49 | €127,735 | €143,544 | +€15,809 | +12.4% |
| Equity | 10/15 | €60,276 | €75,944 | +€15,668 | +26.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €30,276 | €45,944 | +€15,668 | +51.8% |
| Distributable reserves | 133 | €30,276 | €45,944 | +€15,668 | +51.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €67,459 | €67,600 | +€141 | +0.2% |
| Amounts payable within one year | 42/48 | €67,459 | €60,100 | -€7,359 | -10.9% |
| Trade debts | 44 | €18,121 | €6,888 | -€11,233 | -62.0% |
| Suppliers | 440/4 | €18,121 | €6,888 | -€11,233 | -62.0% |
| Taxes, remuneration and social security | 45 | €5,335 | €6,456 | +€1,121 | +21.0% |
| Taxes | 450/3 | €5,335 | €6,456 | +€1,121 | +21.0% |
| Other amounts payable | 47/48 | €44,003 | €46,757 | +€2,753 | +6.3% |
| Accrued charges and deferred income | 492/3 | - | €7,500 | +€7,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €688 | €862 | +€174 | +25.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €314 | +€314 | |
| Other operating charges | 640/8 | €874 | €400 | -€474 | -54.3% |
| Gross operating margin | 9900 | -€17,163 | €19,496 | +€36,658 | |
| Operating profit (loss) | 9901 | -€18,725 | €17,920 | +€36,645 | |
| Financial income | 75/76B | €47 | €103 | +€56 | +120% |
| Recurring financial income | 75 | €47 | €103 | +€56 | +120% |
| Financial charges | 65/66B | €161 | €189 | +€27 | +16.9% |
| Recurring financial charges | 65 | €161 | €189 | +€27 | +16.9% |
| Profit (loss) for the period before taxes | 9903 | -€18,839 | €17,835 | +€36,674 | |
| Income taxes | 67/77 | - | €1,567 | +€1,567 | |
| Profit (loss) for the period | 9904 | -€18,839 | €16,268 | +€35,107 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,839 | €16,268 | +€35,107 |
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 16 October 2026 via checked.be.