LIZADDC: what changed
Two fiscal 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.
LIZADDC
Largest movements
- Cash +€19,524
up €19,524 (+29.9%), from €65,227 to €84,751
mainly Net result for the year (+€30,814) and Other debts (+€20,888)
- Receivables within one year +€17,603
up €17,603 (+47.8%), from €36,809 to €54,412
of which Trade receivables: +€17,603
- Deferred charges and accrued income +€15,476
up €15,476 (+1590.9%), from €973 to €16,449
- Reserves +€29,981
up €29,981 (+53.5%), from €56,090 to €86,071
- Other debts +€20,888
up €20,888 (+90.7%), from €23,035 to €43,923
- Trade debts +€1,616
up €1,616 (+9.8%), from €16,570 to €18,186
- Gross operating margin +€6,613
up €6,613 (+16.1%), from €41,178 to €47,792
- Financial charges +€2,984
up €2,984 (+319.4%), from €934 to €3,919
- Other operating charges +€2,741
up €2,741 (+318.3%), from €861 to €3,602
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 | €106,413 | €160,063 | +€53,650 | +50.4% |
| Fixed assets | 21/28 | €3,404 | €4,451 | +€1,047 | +30.8% |
| Tangible fixed assets | 22/27 | €3,404 | €4,451 | +€1,047 | +30.8% |
| Furniture and vehicles | 24 | - | €1,411 | +€1,411 | |
| Other tangible fixed assets | 26 | €3,404 | €3,040 | -€364 | -10.7% |
| Current assets | 29/58 | €103,009 | €155,612 | +€52,603 | +51.1% |
| Amounts receivable within one year | 40/41 | €36,809 | €54,412 | +€17,603 | +47.8% |
| Trade receivables | 40 | €34,199 | €51,802 | +€17,603 | +51.5% |
| Other amounts receivable | 41 | €2,610 | €2,610 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €65,227 | €84,751 | +€19,524 | +29.9% |
| Deferred charges and accrued income | 490/1 | €973 | €16,449 | +€15,476 | +1590.9% |
| Total equity and liabilities | 10/49 | €106,413 | €160,063 | +€53,650 | +50.4% |
| Equity | 10/15 | €57,090 | €87,071 | +€29,981 | +52.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €56,090 | €86,071 | +€29,981 | +53.5% |
| Distributable reserves | 133 | €56,090 | €86,071 | +€29,981 | +53.5% |
| Amounts payable | 17/49 | €49,323 | €72,993 | +€23,669 | +48.0% |
| Amounts payable within one year | 42/48 | €49,323 | €72,993 | +€23,669 | +48.0% |
| Trade debts | 44 | €16,570 | €18,186 | +€1,616 | +9.8% |
| Suppliers | 440/4 | €16,570 | €18,186 | +€1,616 | +9.8% |
| Taxes, remuneration and social security | 45 | €9,718 | €10,883 | +€1,165 | +12.0% |
| Taxes | 450/3 | €8,018 | €8,633 | +€615 | +7.7% |
| Remuneration and social security | 454/9 | €1,700 | €2,250 | +€550 | +32.4% |
| Other amounts payable | 47/48 | €23,035 | €43,923 | +€20,888 | +90.7% |
| Non-recurring operating income | 76A | - | €2,242 | +€2,242 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €238 | €495 | +€257 | +108.2% |
| Other operating charges | 640/8 | €861 | €3,602 | +€2,741 | +318.3% |
| Gross operating margin | 9900 | €41,178 | €47,792 | +€6,613 | +16.1% |
| Operating profit (loss) | 9901 | €40,080 | €43,695 | +€3,615 | +9.0% |
| Financial income | 75/76B | - | €19 | +€19 | |
| Recurring financial income | 75 | - | €19 | +€19 | |
| Financial charges | 65/66B | €934 | €3,919 | +€2,984 | +319.4% |
| Recurring financial charges | 65 | €934 | €3,919 | +€2,984 | +319.4% |
| Profit (loss) for the period before taxes | 9903 | €39,145 | €39,795 | +€650 | +1.7% |
| Income taxes | 67/77 | €8,590 | €8,981 | +€391 | +4.6% |
| Profit (loss) for the period | 9904 | €30,555 | €30,814 | +€258 | +0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €30,555 | €30,814 | +€258 | +0.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.