THIERRY LALISSE: what changed
THIERRY LALISSE
Largest movements
- Cash +€20,382
up €20,382 (+53.4%), from €38,166 to €58,547
mainly Net result for the year (+€22,165) and Other debts (+€6,548)
- Receivables within one year -€3,584
down €3,584 (-15.7%), from €22,843 to €19,259
of which Trade receivables: -€10,584
- Reserves +€13,516
up €13,516 (+4,505%), from €300 to €13,816
of which Distributable reserves: +€13,516
- Other debts +€6,548
up €6,548 (+530%), from €1,235 to €7,782
- Tax, wage and social debts -€3,550
down €3,550 (-28.6%), from €12,431 to €8,881
of which Remuneration and social security: -€2,263
- Trade debts +€1,913
up €1,913 (+269%), from €710 to €2,623
- Profit (loss) carried forward -€1,352
down €1,352 (-3.1%), from €43,706 to €42,355
- Gross operating margin -€33,616
down €33,616 (-52.2%), from €64,396 to €30,780
- Taxes -€11,148
down €11,148 (-63.7%), from €17,500 to €6,352
- Other operating charges -€765
down €765 (-29.4%), from €2,598 to €1,834
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 | €61,882 | €78,957 | +€17,075 | +27.6% |
| Formation expenses | 20 | €425 | €320 | -€105 | -24.7% |
| Fixed assets | 21/28 | €394 | €777 | +€383 | +97.1% |
| Tangible fixed assets | 22/27 | €394 | €777 | +€383 | +97.1% |
| Furniture and vehicles | 24 | €394 | €777 | +€383 | +97.1% |
| Current assets | 29/58 | €61,063 | €77,860 | +€16,798 | +27.5% |
| Amounts receivable after more than one year | 29 | €54 | €54 | = | 0.0% |
| Trade receivables | 290 | €54 | €54 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €22,843 | €19,259 | -€3,584 | -15.7% |
| Trade receivables | 40 | €22,843 | €12,259 | -€10,584 | -46.3% |
| Other amounts receivable | 41 | - | €7,000 | +€7,000 | |
| Cash at bank and in hand | 54/58 | €38,166 | €58,547 | +€20,382 | +53.4% |
| Total equity and liabilities | 10/49 | €61,882 | €78,957 | +€17,075 | +27.6% |
| Equity | 10/15 | €47,506 | €59,671 | +€12,165 | +25.6% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €300 | €13,816 | +€13,516 | +4,505% |
| Non-distributable reserves | 130/1 | €300 | €300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €300 | €300 | = | 0.0% |
| Distributable reserves | 133 | - | €13,516 | +€13,516 | |
| Profit (loss) carried forward | 14 | €43,706 | €42,355 | -€1,352 | -3.1% |
| Amounts payable | 17/49 | €14,376 | €19,286 | +€4,911 | +34.2% |
| Amounts payable within one year | 42/48 | €14,376 | €19,286 | +€4,911 | +34.2% |
| Trade debts | 44 | €710 | €2,623 | +€1,913 | +269% |
| Suppliers | 440/4 | €710 | €2,623 | +€1,913 | +269% |
| Taxes, remuneration and social security | 45 | €12,431 | €8,881 | -€3,550 | -28.6% |
| Taxes | 450/3 | €10,168 | €8,881 | -€1,287 | -12.7% |
| Remuneration and social security | 454/9 | €2,263 | - | -€2,263 | |
| Other amounts payable | 47/48 | €1,235 | €7,782 | +€6,548 | +530% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €283 | €383 | +€99 | +35.0% |
| Other operating charges | 640/8 | €2,598 | €1,834 | -€765 | -29.4% |
| Gross operating margin | 9900 | €64,396 | €30,780 | -€33,616 | -52.2% |
| Operating profit (loss) | 9901 | €61,515 | €28,564 | -€32,950 | -53.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €8 | €48 | +€40 | +481% |
| Recurring financial charges | 65 | €8 | €48 | +€40 | +481% |
| Profit (loss) for the period before taxes | 9903 | €61,506 | €28,516 | -€32,990 | -53.6% |
| Income taxes | 67/77 | €17,500 | €6,352 | -€11,148 | -63.7% |
| Profit (loss) for the period | 9904 | €44,006 | €22,165 | -€21,842 | -49.6% |
| Profit (loss) for the period to be appropriated | 9905 | €44,006 | €22,165 | -€21,842 | -49.6% |
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 7 November 2026 via checked.be.