LIZA & ME: 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.
LIZA & ME
Largest movements
- Receivables within one year +€9,431
up €9,431 (+24.7%), from €38,149 to €47,580
of which Trade receivables: +€8,609
- Tangible fixed assets +€4,874
up €4,874 (+37.7%), from €12,915 to €17,789
of which Plant, machinery and equipment: +€4,223
- Profit (loss) carried forward +€15,221
up €15,221 (+51.1%), from €29,810 to €45,031
- Tax, wage and social debts +€5,776
up €5,776 (+145%), from €3,991 to €9,767
- Other debts -€3,735
no longer reported in 2025 (was €3,735)
- Trade debts -€2,746
down €2,746 (-32.7%), from €8,406 to €5,660
- Gross operating margin -€10,249
down €10,249 (-25.5%), from €40,121 to €29,872
- Other operating charges -€7,241
down €7,241 (-77.0%), from €9,399 to €2,158
- Financial charges -€3,650
down €3,650 (-49.9%), from €7,312 to €3,662
- Taxes +€1,514
up €1,514 (+47.8%), from €3,165 to €4,679
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 | €63,203 | €77,718 | +€14,515 | +23.0% |
| Fixed assets | 21/28 | €12,915 | €17,789 | +€4,874 | +37.7% |
| Tangible fixed assets | 22/27 | €12,915 | €17,789 | +€4,874 | +37.7% |
| Plant, machinery and equipment | 23 | €9,736 | €13,959 | +€4,223 | +43.4% |
| Furniture and vehicles | 24 | €1,875 | €2,855 | +€980 | +52.3% |
| Other tangible fixed assets | 26 | €1,304 | €975 | -€328 | -25.2% |
| Current assets | 29/58 | €50,288 | €59,929 | +€9,641 | +19.2% |
| Stocks and contracts in progress | 3 | €2,907 | €3,610 | +€702 | +24.2% |
| Stocks | 30/36 | €2,907 | €3,610 | +€702 | +24.2% |
| Amounts receivable within one year | 40/41 | €38,149 | €47,580 | +€9,431 | +24.7% |
| Trade receivables | 40 | €30,549 | €39,158 | +€8,609 | +28.2% |
| Other amounts receivable | 41 | €7,599 | €8,422 | +€822 | +10.8% |
| Cash at bank and in hand | 54/58 | €8,994 | €8,262 | -€732 | -8.1% |
| Deferred charges and accrued income | 490/1 | €238 | €477 | +€240 | +101% |
| Total equity and liabilities | 10/49 | €63,203 | €77,718 | +€14,515 | +23.0% |
| Equity | 10/15 | €47,071 | €62,291 | +€15,221 | +32.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €15,260 | €15,260 | = | 0.0% |
| Distributable reserves | 133 | €15,260 | €15,260 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,810 | €45,031 | +€15,221 | +51.1% |
| Amounts payable | 17/49 | €16,133 | €15,427 | -€706 | -4.4% |
| Amounts payable within one year | 42/48 | €16,133 | €15,427 | -€706 | -4.4% |
| Trade debts | 44 | €8,406 | €5,660 | -€2,746 | -32.7% |
| Suppliers | 440/4 | €8,406 | €5,660 | -€2,746 | -32.7% |
| Taxes, remuneration and social security | 45 | €3,991 | €9,767 | +€5,776 | +145% |
| Taxes | 450/3 | €3,991 | €9,767 | +€5,776 | +145% |
| Other amounts payable | 47/48 | €3,735 | - | -€3,735 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,715 | €4,430 | -€285 | -6.0% |
| Other operating charges | 640/8 | €9,399 | €2,158 | -€7,241 | -77.0% |
| Operating charges capitalised as restructuring costs | 649 | €0 | - | = | |
| Gross operating margin | 9900 | €40,121 | €29,872 | -€10,249 | -25.5% |
| Operating profit (loss) | 9901 | €26,007 | €23,284 | -€2,723 | -10.5% |
| Financial income | 75/76B | €6 | €278 | +€272 | +4,503% |
| Recurring financial income | 75 | €6 | €278 | +€272 | +4,503% |
| Financial charges | 65/66B | €7,312 | €3,662 | -€3,650 | -49.9% |
| Recurring financial charges | 65 | €7,312 | €3,662 | -€3,650 | -49.9% |
| Profit (loss) for the period before taxes | 9903 | €18,701 | €19,900 | +€1,199 | +6.4% |
| Income taxes | 67/77 | €3,165 | €4,679 | +€1,514 | +47.8% |
| Profit (loss) for the period | 9904 | €15,536 | €15,221 | -€315 | -2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,536 | €15,221 | -€315 | -2.0% |
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 24 October 2026 via checked.be.