LSIT: 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.
LSIT
Largest movements
- Cash -€14,488
down €14,488 (-57.6%), from €25,142 to €10,654
mainly Debts after one year (-€19,257) and Tax, wage and social debts (-€16,585)
- Receivables within one year -€9,407
down €9,407 (-14.0%), from €67,011 to €57,603
of which Other amounts receivable: -€8,156
- Deferred charges and accrued income -€3,075
down €3,075 (-95.9%), from €3,208 to €133
- Debts after one year -€19,257
down €19,257 (-29.3%), from €65,648 to €46,391
- Profit (loss) carried forward +€17,262
up €17,262 (+65.0%), from -€26,537 to -€9,275
- Tax, wage and social debts -€16,585
down €16,585 (-13.7%), from €121,196 to €104,611
of which Taxes: -€12,368
- Trade debts -€3,903
down €3,903 (-15.2%), from €25,732 to €21,829
- Other debts -€2,500
down €2,500 (-16.7%), from €15,000 to €12,500
- Staff costs -€91,513
down €91,513 (-64.7%), from €141,422 to €49,909
- Gross operating margin -€64,750
down €64,750 (-44.3%), from €146,109 to €81,359
- Financial charges -€7,388
down €7,388 (-79.2%), from €9,330 to €1,942
- Other operating charges -€3,256
down €3,256 (-86.0%), from €3,787 to €532
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 | €224,631 | €198,173 | -€26,459 | -11.8% |
| Fixed assets | 21/28 | €129,272 | €129,783 | +€511 | +0.4% |
| Tangible fixed assets | 22/27 | €129,272 | €129,783 | +€511 | +0.4% |
| Land and buildings | 22 | €111,300 | €103,350 | -€7,950 | -7.1% |
| Furniture and vehicles | 24 | €6,238 | €4,456 | -€1,782 | -28.6% |
| Other tangible fixed assets | 26 | €11,734 | €21,977 | +€10,243 | +87.3% |
| Current assets | 29/58 | €95,360 | €68,390 | -€26,970 | -28.3% |
| Amounts receivable within one year | 40/41 | €67,011 | €57,603 | -€9,407 | -14.0% |
| Trade receivables | 40 | €53,117 | €51,866 | -€1,252 | -2.4% |
| Other amounts receivable | 41 | €13,893 | €5,737 | -€8,156 | -58.7% |
| Cash at bank and in hand | 54/58 | €25,142 | €10,654 | -€14,488 | -57.6% |
| Deferred charges and accrued income | 490/1 | €3,208 | €133 | -€3,075 | -95.9% |
| Total equity and liabilities | 10/49 | €224,631 | €198,173 | -€26,459 | -11.8% |
| Equity | 10/15 | -€23,677 | -€6,415 | +€17,262 | +72.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,537 | -€9,275 | +€17,262 | +65.0% |
| Amounts payable | 17/49 | €248,308 | €204,588 | -€43,720 | -17.6% |
| Amounts payable after more than one year | 17 | €65,648 | €46,391 | -€19,257 | -29.3% |
| Financial debts | 170/4 | €65,648 | €46,391 | -€19,257 | -29.3% |
| Amounts payable within one year | 42/48 | €182,660 | €158,197 | -€24,464 | -13.4% |
| Current portion of amounts payable after more than one year | 42 | €20,732 | €19,257 | -€1,475 | -7.1% |
| Trade debts | 44 | €25,732 | €21,829 | -€3,903 | -15.2% |
| Suppliers | 440/4 | €25,732 | €21,829 | -€3,903 | -15.2% |
| Taxes, remuneration and social security | 45 | €121,196 | €104,611 | -€16,585 | -13.7% |
| Taxes | 450/3 | €72,052 | €59,684 | -€12,368 | -17.2% |
| Remuneration and social security | 454/9 | €49,144 | €44,927 | -€4,217 | -8.6% |
| Other amounts payable | 47/48 | €15,000 | €12,500 | -€2,500 | -16.7% |
| Remuneration, social security and pensions | 62 | €141,422 | €49,909 | -€91,513 | -64.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,199 | €12,346 | +€1,147 | +10.2% |
| Other operating charges | 640/8 | €3,787 | €532 | -€3,256 | -86.0% |
| Gross operating margin | 9900 | €146,109 | €81,359 | -€64,750 | -44.3% |
| Operating profit (loss) | 9901 | -€10,299 | €18,573 | +€28,871 | |
| Financial income | 75/76B | €1,347 | €631 | -€716 | -53.2% |
| Recurring financial income | 75 | €1,347 | €631 | -€716 | -53.2% |
| Financial charges | 65/66B | €9,330 | €1,942 | -€7,388 | -79.2% |
| Recurring financial charges | 65 | €9,330 | €1,942 | -€7,388 | -79.2% |
| Profit (loss) for the period before taxes | 9903 | -€18,282 | €17,262 | +€35,543 | |
| Profit (loss) for the period | 9904 | -€18,282 | €17,262 | +€35,543 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,282 | €17,262 | +€35,543 |
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 27 October 2026 via checked.be.