VAN LYSEBETH: 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.
VAN LYSEBETH
Largest movements
- Cash -€20,066
down €20,066 (-71.3%), from €28,140 to €8,075
mainly Trade debts (-€49,489) and Debts after one year (-€10,333)
- Tangible fixed assets -€17,514
down €17,514 (-22.5%), from €77,949 to €60,435
of which Furniture and vehicles: -€17,171
- Receivables within one year +€6,374
up €6,374 (+6.2%), from €102,068 to €108,442
of which Trade receivables: +€13,980
- Trade debts -€49,489
down €49,489 (-45.0%), from €110,032 to €60,543
- Profit (loss) carried forward +€19,831
up €19,831 (+68.5%), from -€28,940 to -€9,109
- Debts after one year -€10,333
down €10,333 (-30.8%), from €33,589 to €23,256
- Tax, wage and social debts +€8,708
up €8,708 (+352.6%), from €2,470 to €11,178
of which Taxes: +€6,720
- Gross operating margin +€37,985
up €37,985 (+21.0%), from €180,810 to €218,795
- Staff costs +€25,814
up €25,814 (+19.0%), from €136,162 to €161,976
- Taxes +€5,439
up €5,439 (+283.4%), from €1,919 to €7,358
- Other operating charges -€3,084
down €3,084 (-53.2%), from €5,800 to €2,716
- Depreciation +€2,575
up €2,575 (+14.3%), from €18,022 to €20,598
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 | €253,127 | €221,060 | -€32,066 | -12.7% |
| Fixed assets | 21/28 | €86,453 | €68,939 | -€17,514 | -20.3% |
| Tangible fixed assets | 22/27 | €77,949 | €60,435 | -€17,514 | -22.5% |
| Land and buildings | 22 | €26,568 | €25,974 | -€594 | -2.2% |
| Plant, machinery and equipment | 23 | €2,611 | €2,863 | +€252 | +9.6% |
| Furniture and vehicles | 24 | €48,770 | €31,599 | -€17,171 | -35.2% |
| Financial fixed assets | 28 | €8,504 | €8,504 | = | 0.0% |
| Current assets | 29/58 | €166,674 | €152,121 | -€14,553 | -8.7% |
| Stocks and contracts in progress | 3 | €36,049 | €34,920 | -€1,129 | -3.1% |
| Stocks | 30/36 | €36,049 | €34,920 | -€1,129 | -3.1% |
| Amounts receivable within one year | 40/41 | €102,068 | €108,442 | +€6,374 | +6.2% |
| Trade receivables | 40 | €90,809 | €104,789 | +€13,980 | +15.4% |
| Other amounts receivable | 41 | €11,259 | €3,653 | -€7,605 | -67.6% |
| Cash at bank and in hand | 54/58 | €28,140 | €8,075 | -€20,066 | -71.3% |
| Deferred charges and accrued income | 490/1 | €416 | €684 | +€268 | +64.3% |
| Total equity and liabilities | 10/49 | €253,127 | €221,060 | -€32,066 | -12.7% |
| Equity | 10/15 | €54,190 | €74,021 | +€19,831 | +36.6% |
| Contributions | 10/11 | €37,192 | €37,192 | = | 0.0% |
| Reserves | 13 | €45,938 | €45,938 | = | 0.0% |
| Distributable reserves | 133 | €45,938 | €45,938 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,940 | -€9,109 | +€19,831 | +68.5% |
| Amounts payable | 17/49 | €198,936 | €147,039 | -€51,897 | -26.1% |
| Amounts payable after more than one year | 17 | €33,589 | €23,256 | -€10,333 | -30.8% |
| Financial debts | 170/4 | €33,589 | €23,256 | -€10,333 | -30.8% |
| Amounts payable within one year | 42/48 | €165,347 | €123,033 | -€42,314 | -25.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €52,845 | €51,312 | -€1,533 | -2.9% |
| Credit institutions | 430/8 | €52,845 | €51,312 | -€1,533 | -2.9% |
| Trade debts | 44 | €110,032 | €60,543 | -€49,489 | -45.0% |
| Suppliers | 440/4 | €110,032 | €60,543 | -€49,489 | -45.0% |
| Taxes, remuneration and social security | 45 | €2,470 | €11,178 | +€8,708 | +352.6% |
| Taxes | 450/3 | €171 | €6,891 | +€6,720 | +3928.1% |
| Remuneration and social security | 454/9 | €2,299 | €4,287 | +€1,988 | +86.5% |
| Accrued charges and deferred income | 492/3 | €0 | €750 | +€750 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €136,162 | €161,976 | +€25,814 | +19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,022 | €20,598 | +€2,575 | +14.3% |
| Other operating charges | 640/8 | €5,800 | €2,716 | -€3,084 | -53.2% |
| Gross operating margin | 9900 | €180,810 | €218,795 | +€37,985 | +21.0% |
| Operating profit (loss) | 9901 | €20,825 | €33,506 | +€12,681 | +60.9% |
| Financial income | 75/76B | €793 | €540 | -€253 | -31.9% |
| Recurring financial income | 75 | €793 | €540 | -€253 | -31.9% |
| Financial charges | 65/66B | €8,282 | €6,857 | -€1,425 | -17.2% |
| Recurring financial charges | 65 | €8,282 | €6,857 | -€1,425 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | €13,336 | €27,189 | +€13,853 | +103.9% |
| Income taxes | 67/77 | €1,919 | €7,358 | +€5,439 | +283.4% |
| Profit (loss) for the period | 9904 | €11,417 | €19,831 | +€8,414 | +73.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,417 | €19,831 | +€8,414 | +73.7% |
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 6 October 2026 via checked.be.