LYS: 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.
LYS
Largest movements
- Financial fixed assets +€5.6m
up €5.6m (+10.0%), from €55.6m to €61.2m
- Current investments -€2.6m
down €2.6m (-20.2%), from €12.7m to €10.2m
- Cash +€1.0m
up €1.0m (+330.3%), from €313,619 to €1.3m
mainly Debts after one year (+€3.0m) and Current investments (+€2.6m)
- Debts after one year +€3.0m
new in 2025: €3.0m
- Reserves -€2.7m
down €2.7m (-37.3%), from €7.2m to €4.5m
of which Distributable reserves: -€2.7m
- Other debts +€2.6m
up €2.6m (+4090.7%), from €62,690 to €2.6m
- Profit (loss) carried forward +€1.4m
up €1.4m (+55.5%), from -€2.5m to -€1.1m
- Financial income -€1.8m
down €1.8m (-52.1%), from €3.4m to €1.6m
of which Non-recurring financial income: -€2.2m
- Financial charges +€57,522
up €57,522 (+584.9%), from €9,835 to €67,356
- Gross operating margin -€16,735
down €16,735 (-10.4%), from -€161,316 to -€178,050
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 | €69,530,668 | €73,804,791 | +€4.3m | +6.1% |
| Fixed assets | 21/28 | €55,620,344 | €61,207,433 | +€5.6m | +10.0% |
| Tangible fixed assets | 22/27 | €8 | - | -€8 | |
| Furniture and vehicles | 24 | €8 | - | -€8 | |
| Financial fixed assets | 28 | €55,620,336 | €61,207,433 | +€5.6m | +10.0% |
| Current assets | 29/58 | €13,910,324 | €12,597,358 | -€1.3m | -9.4% |
| Amounts receivable after more than one year | 29 | €617,428 | €642,982 | +€25,554 | +4.1% |
| Other amounts receivable | 291 | €617,428 | €642,982 | +€25,554 | +4.1% |
| Amounts receivable within one year | 40/41 | €213,430 | €400,261 | +€186,831 | +87.5% |
| Other amounts receivable | 41 | €213,430 | €400,261 | +€186,831 | +87.5% |
| Current investments | 50/53 | €12,740,294 | €10,170,991 | -€2.6m | -20.2% |
| Cash at bank and in hand | 54/58 | €313,619 | €1,349,461 | +€1.0m | +330.3% |
| Deferred charges and accrued income | 490/1 | €25,554 | €33,663 | +€8,109 | +31.7% |
| Total equity and liabilities | 10/49 | €69,530,668 | €73,804,791 | +€4.3m | +6.1% |
| Equity | 10/15 | €69,467,801 | €68,159,506 | -€1.3m | -1.9% |
| Contributions | 10/11 | €64,739,300 | €64,739,300 | = | 0.0% |
| Capital | 10 | €64,739,300 | €64,739,300 | = | 0.0% |
| Issued capital | 100 | €64,739,300 | €64,739,300 | = | 0.0% |
| Reserves | 13 | €7,232,444 | €4,535,555 | -€2.7m | -37.3% |
| Non-distributable reserves | 130/1 | €885,260 | €885,260 | = | 0.0% |
| Legal reserve | 130 | €885,260 | €885,260 | = | 0.0% |
| Distributable reserves | 133 | €6,347,184 | €3,650,295 | -€2.7m | -42.5% |
| Profit (loss) carried forward | 14 | -€2,503,943 | -€1,115,348 | +€1.4m | +55.5% |
| Amounts payable | 17/49 | €62,867 | €5,645,285 | +€5.6m | +8879.7% |
| Amounts payable after more than one year | 17 | - | €3,000,000 | +€3.0m | |
| Financial debts | 170/4 | - | €3,000,000 | +€3.0m | |
| Amounts payable within one year | 42/48 | €62,690 | €2,645,285 | +€2.6m | +4119.6% |
| Trade debts | 44 | - | €18,150 | +€18,150 | |
| Suppliers | 440/4 | - | €18,150 | +€18,150 | |
| Other amounts payable | 47/48 | €62,690 | €2,627,135 | +€2.6m | +4090.7% |
| Accrued charges and deferred income | 492/3 | €177 | - | -€177 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84 | €8 | -€77 | -91.0% |
| Other operating charges | 640/8 | €8,584 | €7,565 | -€1,019 | -11.9% |
| Gross operating margin | 9900 | -€161,316 | -€178,050 | -€16,735 | -10.4% |
| Operating profit (loss) | 9901 | -€169,984 | -€185,623 | -€15,638 | -9.2% |
| Financial income | 75/76B | €3,432,765 | €1,643,974 | -€1.8m | -52.1% |
| Recurring financial income | 75 | €1,210,373 | €1,643,974 | +€433,601 | +35.8% |
| Non-recurring financial income | 76B | €2,222,392 | - | -€2.2m | |
| Financial charges | 65/66B | €9,835 | €67,356 | +€57,522 | +584.9% |
| Recurring financial charges | 65 | €9,835 | €67,356 | +€57,522 | +584.9% |
| Profit (loss) for the period before taxes | 9903 | €3,252,946 | €1,390,995 | -€1.9m | -57.2% |
| Profit (loss) for the period | 9904 | €3,252,946 | €1,390,995 | -€1.9m | -57.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,252,946 | €1,390,995 | -€1.9m | -57.2% |
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 29 September 2026 via checked.be.