't Lisp: 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.
't Lisp
Largest movements
- Tangible fixed assets +€179,488
up €179,488 (+5.1%), from €3.5m to €3.7m
of which Land and buildings: +€177,935
- Receivables within one year +€120,813
up €120,813 (+1,509%), from €8,008 to €128,821
of which Trade receivables: +€120,813
- Cash -€42,274
down €42,274 (-100.0%), from €42,274 to €1
mainly Investment in fixed assets (net) (-€351,806) and Receivables within one year (-€120,813)
- Trade debts +€227,750
up €227,750 (+179%), from €126,998 to €354,748
- Other debts +€49,700
new in 2025: €49,700
- Debts after one year -€47,220
down €47,220 (-2.5%), from €1.9m to €1.8m
- Gross operating margin +€257,808
up €257,808 (+1,636%), from €15,755 to €273,563
- Financial income -€133,528
down €133,528 (-97.4%), from €137,146 to €3,618
of which Non-recurring financial income: -€131,896
- Depreciation +€19,323
up €19,323 (+12.6%), from €152,994 to €172,318
- Financial charges +€10,625
up €10,625 (+58.7%), from €18,112 to €28,736
of which Financial charges: +€12,859
- Other operating charges +€4,990
up €4,990 (+9.1%), from €54,570 to €59,560
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 | €3,840,691 | €4,098,299 | +€257,608 | +6.7% |
| Fixed assets | 21/28 | €3,487,987 | €3,667,475 | +€179,488 | +5.1% |
| Tangible fixed assets | 22/27 | €3,487,987 | €3,667,475 | +€179,488 | +5.1% |
| Land and buildings | 22 | - | €177,935 | +€177,935 | |
| Plant, machinery and equipment | 23 | - | €6,462 | +€6,462 | |
| Other tangible fixed assets | 26 | €2,569,097 | €2,564,188 | -€4,910 | -0.2% |
| Assets under construction and advance payments | 27 | €918,890 | €918,890 | = | 0.0% |
| Current assets | 29/58 | €352,704 | €430,824 | +€78,120 | +22.1% |
| Stocks and contracts in progress | 3 | €291,091 | €291,091 | = | 0.0% |
| Contracts in progress | 37 | €291,091 | €291,091 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €8,008 | €128,821 | +€120,813 | +1,509% |
| Trade receivables | 40 | €7,513 | €128,326 | +€120,813 | +1,608% |
| Other amounts receivable | 41 | €495 | €495 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €42,274 | €1 | -€42,274 | -100.0% |
| Deferred charges and accrued income | 490/1 | €11,330 | €10,912 | -€419 | -3.7% |
| Total equity and liabilities | 10/49 | €3,840,691 | €4,098,299 | +€257,608 | +6.7% |
| Equity | 10/15 | €1,733,922 | €1,747,479 | +€13,557 | +0.8% |
| Contributions | 10/11 | €2,389,899 | €2,389,899 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€655,977 | -€642,420 | +€13,557 | +2.1% |
| Amounts payable | 17/49 | €2,106,769 | €2,350,820 | +€244,051 | +11.6% |
| Amounts payable after more than one year | 17 | €1,853,052 | €1,805,832 | -€47,220 | -2.5% |
| Financial debts | 170/4 | €1,853,052 | €1,805,832 | -€47,220 | -2.5% |
| Amounts payable within one year | 42/48 | €253,717 | €544,987 | +€291,271 | +115% |
| Current portion of amounts payable after more than one year | 42 | €125,651 | €136,921 | +€11,270 | +9.0% |
| Trade debts | 44 | €126,998 | €354,748 | +€227,750 | +179% |
| Suppliers | 440/4 | €126,998 | €354,748 | +€227,750 | +179% |
| Taxes, remuneration and social security | 45 | €1,068 | €3,619 | +€2,551 | +239% |
| Taxes | 450/3 | €1,068 | €3,619 | +€2,551 | +239% |
| Other amounts payable | 47/48 | - | €49,700 | +€49,700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €152,994 | €172,318 | +€19,323 | +12.6% |
| Other operating charges | 640/8 | €54,570 | €59,560 | +€4,990 | +9.1% |
| Non-recurring operating charges | 66A | - | €3,009 | +€3,009 | |
| Gross operating margin | 9900 | €15,755 | €273,563 | +€257,808 | +1,636% |
| Operating profit (loss) | 9901 | -€191,809 | €38,676 | +€230,485 | |
| Financial income | 75/76B | €137,146 | €3,618 | -€133,528 | -97.4% |
| Recurring financial income | 75 | €1,650 | €18 | -€1,632 | -98.9% |
| Non-recurring financial income | 76B | €135,496 | €3,600 | -€131,896 | -97.3% |
| Financial charges | 65/66B | €18,112 | €28,736 | +€10,625 | +58.7% |
| Recurring financial charges | 65 | €15,878 | €28,736 | +€12,859 | +81.0% |
| Non-recurring financial charges | 66B | €2,234 | €0 | -€2,234 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€72,775 | €13,557 | +€86,332 | |
| Profit (loss) for the period | 9904 | -€72,775 | €13,557 | +€86,332 | |
| Profit (loss) for the period to be appropriated | 9905 | -€72,775 | €13,557 | +€86,332 |
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 17 October 2026 via checked.be.