Malou Lyssens: 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.
Malou Lyssens
Largest movements
- Tangible fixed assets +€46,893
up €46,893 (+140%), from €33,549 to €80,442
of which Leasing and similar rights: +€38,283
- Cash +€6,865
up €6,865 (+51.1%), from €13,443 to €20,308
mainly Net result for the year (+€41,604) and Debts after one year (+€31,464)
- Deferred charges and accrued income +€3,116
up €3,116 (+74.2%), from €4,202 to €7,318
- Reserves +€41,604
up €41,604 (+241%), from €17,290 to €58,894
- Debts after one year +€31,464
new in 2025: €31,464
- Other debts -€22,395
no longer reported in 2025 (was €22,395)
- Current portion of long-term debt +€6,715
new in 2025: €6,715
- Tax, wage and social debts -€3,725
down €3,725 (-81.6%), from €4,565 to €841
- Gross operating margin +€41,633
up €41,633 (+174%), from €23,862 to €65,495
- Depreciation +€7,868
up €7,868 (+427%), from €1,843 to €9,711
- Taxes +€6,275
up €6,275 (+137%), from €4,565 to €10,841
- Other operating charges +€2,582
up €2,582 (+1,745%), from €148 to €2,730
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 | €51,194 | €108,101 | +€56,907 | +111% |
| Fixed assets | 21/28 | €33,549 | €80,442 | +€46,893 | +140% |
| Tangible fixed assets | 22/27 | €33,549 | €80,442 | +€46,893 | +140% |
| Plant, machinery and equipment | 23 | €29,515 | €29,903 | +€388 | +1.3% |
| Furniture and vehicles | 24 | €4,035 | €12,257 | +€8,222 | +204% |
| Leasing and similar rights | 25 | - | €38,283 | +€38,283 | |
| Current assets | 29/58 | €17,644 | €27,659 | +€10,014 | +56.8% |
| Amounts receivable within one year | 40/41 | - | €33 | +€33 | |
| Other amounts receivable | 41 | - | €33 | +€33 | |
| Cash at bank and in hand | 54/58 | €13,443 | €20,308 | +€6,865 | +51.1% |
| Deferred charges and accrued income | 490/1 | €4,202 | €7,318 | +€3,116 | +74.2% |
| Total equity and liabilities | 10/49 | €51,194 | €108,101 | +€56,907 | +111% |
| Equity | 10/15 | €23,290 | €64,894 | +€41,604 | +179% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €17,290 | €58,894 | +€41,604 | +241% |
| Distributable reserves | 133 | €17,290 | €58,894 | +€41,604 | +241% |
| Amounts payable | 17/49 | €27,903 | €43,207 | +€15,303 | +54.8% |
| Amounts payable after more than one year | 17 | - | €31,464 | +€31,464 | |
| Financial debts | 170/4 | - | €31,464 | +€31,464 | |
| Amounts payable within one year | 42/48 | €27,903 | €11,742 | -€16,161 | -57.9% |
| Current portion of amounts payable after more than one year | 42 | - | €6,715 | +€6,715 | |
| Trade debts | 44 | €943 | €4,187 | +€3,244 | +344% |
| Suppliers | 440/4 | €943 | €4,187 | +€3,244 | +344% |
| Taxes, remuneration and social security | 45 | €4,565 | €841 | -€3,725 | -81.6% |
| Taxes | 450/3 | €4,565 | €841 | -€3,725 | -81.6% |
| Other amounts payable | 47/48 | €22,395 | - | -€22,395 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,843 | €9,711 | +€7,868 | +427% |
| Other operating charges | 640/8 | €148 | €2,730 | +€2,582 | +1,745% |
| Gross operating margin | 9900 | €23,862 | €65,495 | +€41,633 | +174% |
| Operating profit (loss) | 9901 | €21,871 | €53,054 | +€31,183 | +143% |
| Financial charges | 65/66B | €15 | €609 | +€594 | +3,960% |
| Recurring financial charges | 65 | €15 | €609 | +€594 | +3,960% |
| Profit (loss) for the period before taxes | 9903 | €21,856 | €52,445 | +€30,589 | +140% |
| Income taxes | 67/77 | €4,565 | €10,841 | +€6,275 | +137% |
| Profit (loss) for the period | 9904 | €17,290 | €41,604 | +€24,314 | +141% |
| Profit (loss) for the period to be appropriated | 9905 | €17,290 | €41,604 | +€24,314 | +141% |
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 19 October 2026 via checked.be.