Ruth Lissens: what changed
Ruth Lissens
Largest movements
- Cash +€39,229
up €39,229 (+41.4%), from €94,754 to €133,983
mainly Net result for the year (+€127,165) and Tax, wage and social debts (+€6,415)
- Receivables within one year +€8,520
up €8,520 (+99.8%), from €8,534 to €17,054
of which Other amounts receivable: +€7,597
- Tangible fixed assets -€2,429
down €2,429 (-22.7%), from €10,707 to €8,278
of which Furniture and vehicles: -€1,601
- Reserves +€38,600
up €38,600 (+43.4%), from €89,000 to €127,600
- Tax, wage and social debts +€6,415
up €6,415 (+113%), from €5,685 to €12,100
- Accrued charges and deferred income -€1,834
down €1,834 (-100%), from €1,834 to €0
- Trade debts +€1,722
up €1,722 (+496%), from €347 to €2,070
- Gross operating margin +€46,576
up €46,576 (+37.7%), from €123,666 to €170,242
- Taxes +€11,392
up €11,392 (+44.3%), from €25,704 to €37,096
- Depreciation -€4,021
down €4,021 (-54.9%), from €7,321 to €3,300
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €115,950 | €160,418 | +€44,468 | +38.4% |
| Fixed assets | 21/28 | €10,707 | €8,278 | -€2,429 | -22.7% |
| Tangible fixed assets | 22/27 | €10,707 | €8,278 | -€2,429 | -22.7% |
| Plant, machinery and equipment | 23 | €1,106 | €552 | -€554 | -50.1% |
| Furniture and vehicles | 24 | €8,504 | €6,903 | -€1,601 | -18.8% |
| Other tangible fixed assets | 26 | €1,097 | €823 | -€274 | -25.0% |
| Current assets | 29/58 | €105,243 | €152,140 | +€46,897 | +44.6% |
| Amounts receivable within one year | 40/41 | €8,534 | €17,054 | +€8,520 | +99.8% |
| Trade receivables | 40 | €3,183 | €4,106 | +€923 | +29.0% |
| Other amounts receivable | 41 | €5,351 | €12,948 | +€7,597 | +142% |
| Cash at bank and in hand | 54/58 | €94,754 | €133,983 | +€39,229 | +41.4% |
| Deferred charges and accrued income | 490/1 | €1,954 | €1,103 | -€852 | -43.6% |
| Total equity and liabilities | 10/49 | €115,950 | €160,418 | +€44,468 | +38.4% |
| Equity | 10/15 | €108,083 | €146,249 | +€38,165 | +35.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €89,000 | €127,600 | +€38,600 | +43.4% |
| Distributable reserves | 133 | €89,000 | €127,600 | +€38,600 | +43.4% |
| Profit (loss) carried forward | 14 | €483 | €49 | -€435 | -89.9% |
| Amounts payable | 17/49 | €7,867 | €14,170 | +€6,303 | +80.1% |
| Amounts payable within one year | 42/48 | €6,032 | €14,170 | +€8,137 | +135% |
| Trade debts | 44 | €347 | €2,070 | +€1,722 | +496% |
| Suppliers | 440/4 | €347 | €2,070 | +€1,722 | +496% |
| Taxes, remuneration and social security | 45 | €5,685 | €12,100 | +€6,415 | +113% |
| Taxes | 450/3 | €5,685 | €12,100 | +€6,415 | +113% |
| Accrued charges and deferred income | 492/3 | €1,834 | €0 | -€1,834 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,321 | €3,300 | -€4,021 | -54.9% |
| Other operating charges | 640/8 | €1,051 | €400 | -€651 | -62.0% |
| Gross operating margin | 9900 | €123,666 | €170,242 | +€46,576 | +37.7% |
| Operating profit (loss) | 9901 | €115,294 | €166,542 | +€51,248 | +44.5% |
| Financial income | 75/76B | €231 | €325 | +€94 | +40.8% |
| Recurring financial income | 75 | €231 | €325 | +€94 | +40.8% |
| Financial charges | 65/66B | €1,014 | €2,606 | +€1,592 | +157% |
| Recurring financial charges | 65 | €1,014 | €2,606 | +€1,592 | +157% |
| Profit (loss) for the period before taxes | 9903 | €114,511 | €164,261 | +€49,751 | +43.4% |
| Income taxes | 67/77 | €25,704 | €37,096 | +€11,392 | +44.3% |
| Profit (loss) for the period | 9904 | €88,806 | €127,165 | +€38,359 | +43.2% |
| Profit (loss) for the period to be appropriated | 9905 | €88,806 | €127,165 | +€38,359 | +43.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.