LYSCO: 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.
What changed
LYSCO
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€30,569
2024 · €233,631-€264,200
Equity
€33.3m
2024 · €30.4m+€2.9m
Cash
€6.3m
2024 · €6.8m-€532,514
Balance sheet total
€52.4m
2024 · €48.6m+€3.8m
Largest movements
Assets
- Tangible fixed assets +€4.6m
up €4.6m (+11.9%), from €38.8m to €43.4m
of which Land and buildings: +€4.0m
- Cash -€532,514
down €532,514 (-7.8%), from €6.8m to €6.3m
mainly Investment in fixed assets (net) (-€6.2m) and Net result for the year (-€30,569)
Equity and liabilities
- Investment grants +€2.9m
up €2.9m (+19.8%), from €14.8m to €17.8m
Income statement
- Depreciation +€249,019
up €249,019 (+19.3%), from €1.3m to €1.5m
- Turnover +€190,265
up €190,265 (+4.8%), from €4.0m to €4.2m
- Financial income +€132,906
up €132,906 (+41.0%), from €324,380 to €457,286
- Services and other goods +€90,849
up €90,849 (+13.9%), from €651,887 to €742,736
- Provisions +€67,852
up €67,852 (+84.0%), from €80,816 to €148,668
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.
Result 2024
€233,631
Turnover
+€190,265
Other operating income
-€23,370
Goods and materials
+€4,018
Services and other goods
-€90,849
Staff costs
-€62,282
Depreciation
-€249,019
Write-downs
-€6,552
Provisions
-€67,852
Other operating charges
-€4,484
Other operating items
+€3,966
Financial income
+€132,906
Financial charges
+€19,750
Taxes
-€126
Deferred taxes and other
-€110,571
Result 2025
-€30,569
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.
From operations
+€2.4m
Investment
-€6.2m
Financing
+€3.2m
Cash 2024
€6.8m
From operations (derived)
+€2.4m
Net result for the year
-€30,569
Depreciation
+€1.5m
Receivables after one year
+€206,638
Smaller working-capital items
-€12,684
Receivables within one year
+€107,944
Provisions
+€301,351
Trade debts
+€310,036
Investment (derived)
-€6.2m
Investment in fixed assets (net)
-€6.2m
Financing
+€3.2m
Debts after one year
+€231,825
Current portion of long-term debt
+€48,710
Contributions, distributions and other
+€2.9m
Cash 2025
€6.3m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,604,753 | €52,377,894 | +€3.8m | +7.8% |
| Fixed assets | 21/28 | €38,792,064 | €43,425,271 | +€4.6m | +11.9% |
| Tangible fixed assets | 22/27 | €38,785,699 | €43,418,907 | +€4.6m | +11.9% |
| Land and buildings | 22 | €33,378,472 | €37,379,776 | +€4.0m | +12.0% |
| Plant, machinery and equipment | 23 | €15,155 | €11,233 | -€3,922 | -25.9% |
| Furniture and vehicles | 24 | €49,151 | €52,221 | +€3,070 | +6.2% |
| Other tangible fixed assets | 26 | €159,194 | €153,730 | -€5,464 | -3.4% |
| Assets under construction and advance payments | 27 | €5,183,727 | €5,821,947 | +€638,220 | +12.3% |
| Financial fixed assets | 28 | €6,365 | €6,364 | -€1 | 0.0% |
| Other financial fixed assets | 284/8 | €6,365 | €6,364 | -€1 | 0.0% |
| Shares | 284 | €6,365 | €6,364 | -€1 | 0.0% |
| Current assets | 29/58 | €9,812,689 | €8,952,623 | -€860,066 | -8.8% |
| Amounts receivable after more than one year | 29 | €2,034,516 | €1,827,878 | -€206,638 | -10.2% |
| Other amounts receivable | 291 | €2,034,516 | €1,827,878 | -€206,638 | -10.2% |
| Stocks and contracts in progress | 3 | €109,385 | €101,746 | -€7,639 | -7.0% |
| Stocks | 30/36 | €109,385 | €101,746 | -€7,639 | -7.0% |
| Raw materials and consumables | 30/31 | €109,385 | €101,746 | -€7,639 | -7.0% |
| Amounts receivable within one year | 40/41 | €612,228 | €504,284 | -€107,944 | -17.6% |
| Trade receivables | 40 | €27,377 | €26,279 | -€1,098 | -4.0% |
| Other amounts receivable | 41 | €584,851 | €478,005 | -€106,846 | -18.3% |
| Cash at bank and in hand | 54/58 | €6,802,399 | €6,269,885 | -€532,514 | -7.8% |
| Deferred charges and accrued income | 490/1 | €254,161 | €248,830 | -€5,331 | -2.1% |
| Total equity and liabilities | 10/49 | €48,604,753 | €52,377,894 | +€3.8m | +7.8% |
| Equity | 10/15 | €30,381,409 | €33,288,282 | +€2.9m | +9.6% |
| Contributions | 10/11 | €7,470 | €7,470 | = | 0.0% |
| Reserves | 13 | €15,544,512 | €15,513,943 | -€30,569 | -0.2% |
| Non-distributable reserves | 130/1 | €13,494,792 | €13,498,246 | +€3,454 | 0.0% |
| Reserves not available under the articles | 1311 | €13,494,792 | €1,900 | -€13.5m | -100.0% |
| Other | 1319 | - | €13,496,346 | +€13.5m | |
| Tax-exempt reserves | 132 | €2,049,720 | €2,015,697 | -€34,023 | -1.7% |
| Investment grants | 15 | €14,829,427 | €17,766,869 | +€2.9m | +19.8% |
| Provisions and deferred taxes | 16 | €1,303,704 | €1,605,055 | +€301,351 | +23.1% |
| Provisions for liabilities and charges | 160/5 | €460,526 | €609,195 | +€148,669 | +32.3% |
| Major repairs and maintenance | 162 | €460,526 | €609,195 | +€148,669 | +32.3% |
| Deferred taxes | 168 | €843,178 | €995,860 | +€152,682 | +18.1% |
| Amounts payable | 17/49 | €16,919,640 | €17,484,557 | +€564,917 | +3.3% |
| Amounts payable after more than one year | 17 | €15,193,822 | €15,425,647 | +€231,825 | +1.5% |
| Financial debts | 170/4 | €15,193,822 | €15,425,647 | +€231,825 | +1.5% |
| Credit institutions | 173 | €15,193,822 | €15,425,647 | +€231,825 | +1.5% |
| Amounts payable within one year | 42/48 | €1,721,191 | €2,054,283 | +€333,092 | +19.4% |
| Current portion of amounts payable after more than one year | 42 | €1,133,931 | €1,182,641 | +€48,710 | +4.3% |
| Trade debts | 44 | €313,539 | €623,575 | +€310,036 | +98.9% |
| Suppliers | 440/4 | €313,539 | €623,575 | +€310,036 | +98.9% |
| Taxes, remuneration and social security | 45 | €192,471 | €178,236 | -€14,235 | -7.4% |
| Taxes | 450/3 | €44,731 | €38,138 | -€6,593 | -14.7% |
| Remuneration and social security | 454/9 | €147,740 | €140,098 | -€7,642 | -5.2% |
| Other amounts payable | 47/48 | €81,250 | €69,831 | -€11,419 | -14.1% |
| Accrued charges and deferred income | 492/3 | €4,627 | €4,627 | = | 0.0% |
| Operating income | 70/76A | €4,328,402 | €4,526,357 | +€197,955 | +4.6% |
| Turnover | 70 | €3,983,504 | €4,173,769 | +€190,265 | +4.8% |
| Own construction capitalised | 72 | €47,655 | €76,168 | +€28,513 | +59.8% |
| Other operating income | 74 | €297,243 | €273,873 | -€23,370 | -7.9% |
| Non-recurring operating income | 76A | - | €2,547 | +€2,547 | |
| Operating charges | 60/66A | €4,181,890 | €4,686,004 | +€504,114 | +12.1% |
| Goods for resale, raw materials and consumables | 60 | €164,731 | €160,713 | -€4,018 | -2.4% |
| Purchases | 600/8 | €162,692 | €153,074 | -€9,618 | -5.9% |
| Change in stocks: decrease (increase) | 609 | €2,039 | €7,639 | +€5,600 | +274.6% |
| Services and other goods | 61 | €651,887 | €742,736 | +€90,849 | +13.9% |
| Remuneration, social security and pensions | 62 | €1,556,334 | €1,618,616 | +€62,282 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,289,816 | €1,538,835 | +€249,019 | +19.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,889 | €2,663 | +€6,552 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €80,816 | €148,668 | +€67,852 | +84.0% |
| Other operating charges | 640/8 | €409,053 | €413,537 | +€4,484 | +1.1% |
| Non-recurring operating charges | 66A | €33,142 | €60,236 | +€27,094 | +81.8% |
| Operating profit (loss) | 9901 | €146,512 | -€159,647 | -€306,159 | |
| Financial income | 75/76B | €324,380 | €457,286 | +€132,906 | +41.0% |
| Recurring financial income | 75 | €324,380 | €457,286 | +€132,906 | +41.0% |
| Income from current assets | 751 | €35,330 | €30,622 | -€4,708 | -13.3% |
| Other financial income | 752/9 | €289,050 | €426,664 | +€137,614 | +47.6% |
| Financial charges | 65/66B | €361,121 | €341,371 | -€19,750 | -5.5% |
| Recurring financial charges | 65 | €361,121 | €341,371 | -€19,750 | -5.5% |
| Debt charges | 650 | €360,738 | €340,607 | -€20,131 | -5.6% |
| Other financial charges | 652/9 | €383 | €764 | +€381 | +99.5% |
| Profit (loss) for the period before taxes | 9903 | €109,771 | -€43,732 | -€153,503 | |
| Transfer from deferred taxes | 780 | €132,892 | €22,321 | -€110,571 | -83.2% |
| Income taxes | 67/77 | €9,032 | €9,158 | +€126 | +1.4% |
| Taxes | 670/3 | €21,376 | €9,799 | -€11,577 | -54.2% |
| Tax adjustments and reversals of tax provisions | 77 | €12,344 | €641 | -€11,703 | -94.8% |
| Profit (loss) for the period | 9904 | €233,631 | -€30,569 | -€264,200 | |
| Transfer from tax-exempt reserves | 789 | €48,806 | €34,022 | -€14,784 | -30.3% |
| Profit (loss) for the period to be appropriated | 9905 | €282,437 | €3,453 | -€278,984 | -98.8% |
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 10 October 2026 via checked.be.