VAN LYSEBETH-WINDEY: 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.
VAN LYSEBETH-WINDEY
Largest movements
- Tangible fixed assets -€92,509
down €92,509 (-4.8%), from €1.9m to €1.8m
- Cash +€56,454
new in 2025: €56,454
mainly Net result for the year (+€126,017) and Other debts (+€126,017)
- Debts after one year -€214,782
down €214,782 (-21.1%), from €1.0m to €805,425
- Other debts +€126,017
up €126,017 (+21.0%), from €599,053 to €725,070
- Short-term financial debts +€57,847
up €57,847 (+644%), from €8,980 to €66,827
of which Other loans: +€66,827
- Gross operating margin +€24,094
up €24,094 (+8.7%), from €277,058 to €301,152
- Financial charges +€7,611
up €7,611 (+24.2%), from €31,399 to €39,011
- Taxes +€5,782
up €5,782 (+16.0%), from €36,224 to €42,006
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 | €1,959,650 | €1,921,364 | -€38,286 | -2.0% |
| Fixed assets | 21/28 | €1,935,553 | €1,843,045 | -€92,509 | -4.8% |
| Tangible fixed assets | 22/27 | €1,935,553 | €1,843,045 | -€92,509 | -4.8% |
| Land and buildings | 22 | €1,935,553 | €1,843,045 | -€92,509 | -4.8% |
| Current assets | 29/58 | €24,097 | €78,320 | +€54,223 | +225% |
| Amounts receivable within one year | 40/41 | €24,097 | €21,771 | -€2,326 | -9.7% |
| Other amounts receivable | 41 | €24,097 | €21,771 | -€2,326 | -9.7% |
| Cash at bank and in hand | 54/58 | - | €56,454 | +€56,454 | |
| Deferred charges and accrued income | 490/1 | - | €96 | +€96 | |
| Total equity and liabilities | 10/49 | €1,959,650 | €1,921,364 | -€38,286 | -2.0% |
| Equity | 10/15 | €109,261 | €109,261 | = | 0.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €89,261 | €89,261 | = | 0.0% |
| Non-distributable reserves | 130/1 | €27,268 | €27,268 | = | 0.0% |
| Reserves not available under the articles | 1311 | €27,268 | €27,268 | = | 0.0% |
| Distributable reserves | 133 | €61,992 | €61,992 | = | 0.0% |
| Amounts payable | 17/49 | €1,850,389 | €1,812,104 | -€38,286 | -2.1% |
| Amounts payable after more than one year | 17 | €1,020,207 | €805,425 | -€214,782 | -21.1% |
| Financial debts | 170/4 | €1,020,207 | €805,425 | -€214,782 | -21.1% |
| Amounts payable within one year | 42/48 | €830,183 | €1,006,679 | +€176,496 | +21.3% |
| Current portion of amounts payable after more than one year | 42 | €222,149 | €214,782 | -€7,367 | -3.3% |
| Financial debts | 43 | €8,980 | €66,827 | +€57,847 | +644% |
| Credit institutions | 430/8 | €8,980 | - | -€8,980 | |
| Other loans | 439 | - | €66,827 | +€66,827 | |
| Other amounts payable | 47/48 | €599,053 | €725,070 | +€126,017 | +21.0% |
| Non-recurring operating income | 76A | €247 | - | -€247 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,209 | €92,509 | -€700 | -0.8% |
| Other operating charges | 640/8 | €1,555 | €1,611 | +€56 | +3.6% |
| Non-recurring operating charges | 66A | €6,000 | - | -€6,000 | |
| Gross operating margin | 9900 | €277,058 | €301,152 | +€24,094 | +8.7% |
| Operating profit (loss) | 9901 | €176,294 | €207,033 | +€30,739 | +17.4% |
| Financial charges | 65/66B | €31,399 | €39,011 | +€7,611 | +24.2% |
| Recurring financial charges | 65 | €31,399 | €39,011 | +€7,611 | +24.2% |
| Profit (loss) for the period before taxes | 9903 | €144,895 | €168,022 | +€23,128 | +16.0% |
| Income taxes | 67/77 | €36,224 | €42,006 | +€5,782 | +16.0% |
| Profit (loss) for the period | 9904 | €108,671 | €126,017 | +€17,346 | +16.0% |
| Profit (loss) for the period to be appropriated | 9905 | €108,671 | €126,017 | +€17,346 | +16.0% |
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 16 October 2026 via checked.be.