LIZEN SERGE: 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.
LIZEN SERGE
Largest movements
- Cash -€15,699
down €15,699 (-73.2%), from €21,450 to €5,751
mainly Other debts (-€34,959) and Trade debts (-€30,593)
- Receivables within one year -€2,242
down €2,242 (-11.9%), from €18,791 to €16,548
of which Other amounts receivable: -€2,242
- Profit (loss) carried forward +€46,397
up €46,397 (+30.1%), from -€154,183 to -€107,786
- Other debts -€34,959
down €34,959 (-22.7%), from €154,046 to €119,088
- Trade debts -€30,593
down €30,593 (-77.8%), from €39,337 to €8,744
- Accrued charges and deferred income +€900
new in 2023: €900
- Gross operating margin +€34,279
up €34,279 (+109.0%), from €31,452 to €65,731
- Staff costs -€29,944
down €29,944 (-68.3%), from €43,820 to €13,876
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €47,677 | €29,005 | -€18,672 | -39.2% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €3,184 | €2,865 | -€319 | -10.0% |
| Tangible fixed assets | 22/27 | €3,184 | €2,865 | -€319 | -10.0% |
| Plant, machinery and equipment | 23 | €1,317 | €2,865 | +€1,548 | +117.5% |
| Furniture and vehicles | 24 | €1,867 | €0 | -€1,867 | -100.0% |
| Current assets | 29/58 | €44,493 | €26,140 | -€18,353 | -41.2% |
| Stocks and contracts in progress | 3 | €2,925 | €2,741 | -€184 | -6.3% |
| Stocks | 30/36 | €2,925 | €2,741 | -€184 | -6.3% |
| Amounts receivable within one year | 40/41 | €18,791 | €16,548 | -€2,242 | -11.9% |
| Trade receivables | 40 | €11,594 | €11,594 | = | 0.0% |
| Other amounts receivable | 41 | €7,196 | €4,954 | -€2,242 | -31.2% |
| Cash at bank and in hand | 54/58 | €21,450 | €5,751 | -€15,699 | -73.2% |
| Deferred charges and accrued income | 490/1 | €1,327 | €1,099 | -€227 | -17.1% |
| Total equity and liabilities | 10/49 | €47,677 | €29,005 | -€18,672 | -39.2% |
| Equity | 10/15 | -€146,123 | -€99,726 | +€46,397 | +31.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€154,183 | -€107,786 | +€46,397 | +30.1% |
| Amounts payable | 17/49 | €193,800 | €128,731 | -€65,069 | -33.6% |
| Amounts payable within one year | 42/48 | €193,800 | €127,831 | -€65,969 | -34.0% |
| Trade debts | 44 | €39,337 | €8,744 | -€30,593 | -77.8% |
| Suppliers | 440/4 | €39,337 | €8,744 | -€30,593 | -77.8% |
| Taxes, remuneration and social security | 45 | €417 | - | -€417 | |
| Remuneration and social security | 454/9 | €417 | - | -€417 | |
| Other amounts payable | 47/48 | €154,046 | €119,088 | -€34,959 | -22.7% |
| Accrued charges and deferred income | 492/3 | - | €900 | +€900 | |
| Non-recurring operating income | 76A | - | €500 | +€500 | |
| Remuneration, social security and pensions | 62 | €43,820 | €13,876 | -€29,944 | -68.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,710 | €2,651 | -€59 | -2.2% |
| Other operating charges | 640/8 | €2,699 | €2,245 | -€454 | -16.8% |
| Gross operating margin | 9900 | €31,452 | €65,731 | +€34,279 | +109.0% |
| Operating profit (loss) | 9901 | -€17,778 | €46,959 | +€64,737 | |
| Financial charges | 65/66B | €444 | €562 | +€118 | +26.6% |
| Recurring financial charges | 65 | €444 | €562 | +€118 | +26.6% |
| Profit (loss) for the period before taxes | 9903 | -€18,222 | €46,397 | +€64,619 | |
| Profit (loss) for the period | 9904 | -€18,222 | €46,397 | +€64,619 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,222 | €46,397 | +€64,619 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.