LUISTERVINK: 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.
LUISTERVINK
Largest movements
- Cash +€17,743
up €17,743 (+31.6%), from €56,111 to €73,854
mainly Net result for the year (+€20,310) and Depreciation (+€12,515)
- Tangible fixed assets -€10,157
down €10,157 (-35.3%), from €28,769 to €18,612
of which Plant, machinery and equipment: -€7,037
- Receivables within one year -€10,072
down €10,072 (-32.1%), from €31,342 to €21,270
of which Trade receivables: -€13,491
- Profit (loss) carried forward -€10,000
down €10,000 (-12.3%), from €81,348 to €71,348
- Other debts +€5,485
up €5,485 (+22.1%), from €24,824 to €30,310
- Accrued charges and deferred income +€4,568
up €4,568 (+312.1%), from €1,464 to €6,032
- Current portion of long-term debt -€1,371
down €1,371 (-58.5%), from €2,343 to €972
- Gross operating margin -€5,160
down €5,160 (-11.0%), from €46,951 to €41,791
- Taxes -€2,205
down €2,205 (-25.1%), from €8,802 to €6,596
- Other operating charges +€1,436
up €1,436 (+264.4%), from €543 to €1,980
- Depreciation -€1,067
down €1,067 (-7.9%), from €13,581 to €12,515
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 | €116,223 | €114,552 | -€1,671 | -1.4% |
| Fixed assets | 21/28 | €28,769 | €18,612 | -€10,157 | -35.3% |
| Tangible fixed assets | 22/27 | €28,769 | €18,612 | -€10,157 | -35.3% |
| Plant, machinery and equipment | 23 | €20,708 | €13,671 | -€7,037 | -34.0% |
| Furniture and vehicles | 24 | €8,061 | €4,941 | -€3,120 | -38.7% |
| Current assets | 29/58 | €87,454 | €95,940 | +€8,486 | +9.7% |
| Amounts receivable within one year | 40/41 | €31,342 | €21,270 | -€10,072 | -32.1% |
| Trade receivables | 40 | €31,342 | €17,851 | -€13,491 | -43.0% |
| Other amounts receivable | 41 | - | €3,419 | +€3,419 | |
| Cash at bank and in hand | 54/58 | €56,111 | €73,854 | +€17,743 | +31.6% |
| Deferred charges and accrued income | 490/1 | - | €815 | +€815 | |
| Total equity and liabilities | 10/49 | €116,223 | €114,552 | -€1,671 | -1.4% |
| Equity | 10/15 | €82,438 | €72,438 | -€10,000 | -12.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €90 | €90 | = | 0.0% |
| Distributable reserves | 133 | €90 | €90 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,348 | €71,348 | -€10,000 | -12.3% |
| Amounts payable | 17/49 | €33,784 | €42,114 | +€8,329 | +24.7% |
| Amounts payable within one year | 42/48 | €32,321 | €36,082 | +€3,761 | +11.6% |
| Current portion of amounts payable after more than one year | 42 | €2,343 | €972 | -€1,371 | -58.5% |
| Financial debts | 43 | €2,431 | €2,355 | -€77 | -3.2% |
| Credit institutions | 430/8 | €2,431 | €2,355 | -€77 | -3.2% |
| Trade debts | 44 | €1,420 | €446 | -€974 | -68.6% |
| Suppliers | 440/4 | €1,420 | €446 | -€974 | -68.6% |
| Taxes, remuneration and social security | 45 | €1,302 | €2,000 | +€698 | +53.7% |
| Taxes | 450/3 | €1,302 | - | -€1,302 | |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €24,824 | €30,310 | +€5,485 | +22.1% |
| Accrued charges and deferred income | 492/3 | €1,464 | €6,032 | +€4,568 | +312.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,581 | €12,515 | -€1,067 | -7.9% |
| Other operating charges | 640/8 | €543 | €1,980 | +€1,436 | +264.4% |
| Gross operating margin | 9900 | €46,951 | €41,791 | -€5,160 | -11.0% |
| Operating profit (loss) | 9901 | €32,826 | €27,296 | -€5,530 | -16.8% |
| Financial income | 75/76B | €30 | €161 | +€131 | +435.3% |
| Recurring financial income | 75 | €30 | €161 | +€131 | +435.3% |
| Financial charges | 65/66B | €414 | €551 | +€137 | +33.2% |
| Recurring financial charges | 65 | €414 | €551 | +€137 | +33.2% |
| Profit (loss) for the period before taxes | 9903 | €32,443 | €26,906 | -€5,537 | -17.1% |
| Income taxes | 67/77 | €8,802 | €6,596 | -€2,205 | -25.1% |
| Profit (loss) for the period | 9904 | €23,641 | €20,310 | -€3,331 | -14.1% |
| Profit (loss) for the period to be appropriated | 9905 | €23,641 | €20,310 | -€3,331 | -14.1% |
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 11 October 2026 via checked.be.