Lysimax: 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.
Lysimax
Largest movements
- Stocks and contracts -€13,912
down €13,912 (-78.9%), from €17,642 to €3,730
- Receivables within one year +€11,447
up €11,447 (+159.8%), from €7,163 to €18,610
of which Trade receivables: +€14,212
- Cash +€6,835
up €6,835 (+187.8%), from €3,639 to €10,474
mainly Other debts (+€53,065) and Depreciation (+€15,695)
- Other debts +€53,065
up €53,065 (+495.5%), from €10,710 to €63,775
- Profit (loss) carried forward -€41,409
down €41,409 (-430.5%), from -€9,619 to -€51,028
- Debts after one year -€23,401
down €23,401 (-36.5%), from €64,046 to €40,645
- Short-term financial debts +€10,238
new in 2025: €10,238
- Trade debts +€5,967
up €5,967 (+10.1%), from €59,079 to €65,046
- Staff costs +€36,042
up €36,042 (+32.6%), from €110,663 to €146,704
- Other operating charges -€13,873
down €13,873 (-91.6%), from €15,149 to €1,277
- Financial charges -€4,229
down €4,229 (-31.5%), from €13,415 to €9,186
- Depreciation +€1,727
up €1,727 (+12.4%), from €13,968 to €15,695
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 | €168,623 | €174,139 | +€5,517 | +3.3% |
| Fixed assets | 21/28 | €133,852 | €134,534 | +€682 | +0.5% |
| Tangible fixed assets | 22/27 | €133,489 | €134,171 | +€682 | +0.5% |
| Plant, machinery and equipment | 23 | €133,489 | €134,171 | +€682 | +0.5% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €34,770 | €39,605 | +€4,835 | +13.9% |
| Stocks and contracts in progress | 3 | €17,642 | €3,730 | -€13,912 | -78.9% |
| Stocks | 30/36 | €17,642 | €3,730 | -€13,912 | -78.9% |
| Amounts receivable within one year | 40/41 | €7,163 | €18,610 | +€11,447 | +159.8% |
| Trade receivables | 40 | €4,398 | €18,610 | +€14,212 | +323.2% |
| Other amounts receivable | 41 | €2,765 | €0 | -€2,765 | -100.0% |
| Cash at bank and in hand | 54/58 | €3,639 | €10,474 | +€6,835 | +187.8% |
| Deferred charges and accrued income | 490/1 | €6,327 | €6,792 | +€465 | +7.4% |
| Total equity and liabilities | 10/49 | €168,623 | €174,139 | +€5,517 | +3.3% |
| Equity | 10/15 | -€3,619 | -€45,028 | -€41,409 | -1144.2% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Capital | 10 | €6,000 | - | -€6,000 | |
| Issued capital | 100 | €6,000 | - | -€6,000 | |
| Profit (loss) carried forward | 14 | -€9,619 | -€51,028 | -€41,409 | -430.5% |
| Amounts payable | 17/49 | €172,242 | €219,167 | +€46,925 | +27.2% |
| Amounts payable after more than one year | 17 | €64,046 | €40,645 | -€23,401 | -36.5% |
| Financial debts | 170/4 | €64,046 | €40,645 | -€23,401 | -36.5% |
| Amounts payable within one year | 42/48 | €108,196 | €178,521 | +€70,326 | +65.0% |
| Current portion of amounts payable after more than one year | 42 | €21,715 | €24,268 | +€2,553 | +11.8% |
| Financial debts | 43 | - | €10,238 | +€10,238 | |
| Credit institutions | 430/8 | - | €10,238 | +€10,238 | |
| Trade debts | 44 | €59,079 | €65,046 | +€5,967 | +10.1% |
| Suppliers | 440/4 | €59,079 | €65,046 | +€5,967 | +10.1% |
| Taxes, remuneration and social security | 45 | €16,691 | €15,194 | -€1,498 | -9.0% |
| Taxes | 450/3 | €777 | €2,580 | +€1,803 | +232.2% |
| Remuneration and social security | 454/9 | €15,915 | €12,614 | -€3,301 | -20.7% |
| Other amounts payable | 47/48 | €10,710 | €63,775 | +€53,065 | +495.5% |
| Remuneration, social security and pensions | 62 | €110,663 | €146,704 | +€36,042 | +32.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,968 | €15,695 | +€1,727 | +12.4% |
| Other operating charges | 640/8 | €15,149 | €1,277 | -€13,873 | -91.6% |
| Gross operating margin | 9900 | €133,116 | €131,950 | -€1,166 | -0.9% |
| Operating profit (loss) | 9901 | -€6,664 | -€31,726 | -€25,061 | -376.0% |
| Financial income | 75/76B | €10 | €500 | +€490 | +4922.3% |
| Recurring financial income | 75 | €10 | €500 | +€490 | +4922.3% |
| Financial charges | 65/66B | €13,415 | €9,186 | -€4,229 | -31.5% |
| Recurring financial charges | 65 | €13,415 | €9,186 | -€4,229 | -31.5% |
| Profit (loss) for the period before taxes | 9903 | -€20,070 | -€40,412 | -€20,342 | -101.4% |
| Income taxes | 67/77 | - | €996 | +€996 | |
| Profit (loss) for the period | 9904 | -€20,070 | -€41,409 | -€21,339 | -106.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,070 | -€41,409 | -€21,339 | -106.3% |
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 2 October 2026 via checked.be.