L.I.P.: 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.
L.I.P.
Largest movements
- Financial fixed assets +€8.3m
up €8.3m (+469%), from €1.8m to €10.0m
- Receivables within one year +€812,632
up €812,632 (+276%), from €294,756 to €1.1m
of which Other amounts receivable: +€1.0m
- Revaluation surpluses +€8.3m
new in 2025: €8.3m
- Profit (loss) carried forward +€1.2m
up €1.2m, from -€1.2m to €0
- Debts after one year -€985,902
down €985,902 (-93.5%), from €1.1m to €68,386
- Reserves +€858,732
new in 2025: €858,732
- Other debts -€318,420
down €318,420 (-53.1%), from €600,000 to €281,580
- Financial income +€1.5m
up €1.5m (+24,793,288%), from €6 to €1.5m
- Gross operating margin +€667,408
up €667,408, from -€48,943 to €618,466
- Financial charges -€71,722
down €71,722 (-80.6%), from €88,946 to €17,224
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 | €2,076,072 | €11,128,321 | +€9.1m | +436% |
| Fixed assets | 21/28 | €1,760,134 | €10,018,644 | +€8.3m | +469% |
| Financial fixed assets | 28 | €1,760,134 | €10,018,644 | +€8.3m | +469% |
| Current assets | 29/58 | €315,937 | €1,109,677 | +€793,740 | +251% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €294,756 | €1,107,388 | +€812,632 | +276% |
| Trade receivables | 40 | €294,756 | €107,388 | -€187,369 | -63.6% |
| Other amounts receivable | 41 | - | €1,000,000 | +€1.0m | |
| Cash at bank and in hand | 54/58 | €20,896 | €1,506 | -€19,390 | -92.8% |
| Deferred charges and accrued income | 490/1 | €285 | €784 | +€498 | +175% |
| Total equity and liabilities | 10/49 | €2,076,072 | €11,128,321 | +€9.1m | +436% |
| Equity | 10/15 | €303,930 | €10,650,376 | +€10.3m | +3,404% |
| Contributions | 10/11 | €1,533,134 | €1,533,134 | = | 0.0% |
| Revaluation surpluses | 12 | - | €8,258,510 | +€8.3m | |
| Reserves | 13 | - | €858,732 | +€858,732 | |
| Distributable reserves | 133 | - | €858,732 | +€858,732 | |
| Profit (loss) carried forward | 14 | -€1,229,204 | €0 | +€1.2m | |
| Amounts payable | 17/49 | €1,772,141 | €477,946 | -€1.3m | -73.0% |
| Amounts payable after more than one year | 17 | €1,054,288 | €68,386 | -€985,902 | -93.5% |
| Financial debts | 170/4 | €1,054,288 | €68,386 | -€985,902 | -93.5% |
| Amounts payable within one year | 42/48 | €717,853 | €409,560 | -€308,293 | -42.9% |
| Current portion of amounts payable after more than one year | 42 | €66,578 | €67,476 | +€898 | +1.3% |
| Trade debts | 44 | €8,823 | €10,225 | +€1,402 | +15.9% |
| Suppliers | 440/4 | €8,823 | €10,225 | +€1,402 | +15.9% |
| Taxes, remuneration and social security | 45 | €42,453 | €50,279 | +€7,827 | +18.4% |
| Taxes | 450/3 | €42,453 | €50,279 | +€7,827 | +18.4% |
| Other amounts payable | 47/48 | €600,000 | €281,580 | -€318,420 | -53.1% |
| Other operating charges | 640/8 | €1,249 | €1,363 | +€115 | +9.2% |
| Non-recurring operating charges | 66A | €571,302 | €11,943 | -€559,359 | -97.9% |
| Gross operating margin | 9900 | -€48,943 | €618,466 | +€667,408 | |
| Operating profit (loss) | 9901 | -€621,493 | €605,159 | +€1.2m | |
| Financial income | 75/76B | €6 | €1,500,000 | +€1.5m | +24,793,288% |
| Recurring financial income | 75 | €6 | €1,500,000 | +€1.5m | +24,793,288% |
| Financial charges | 65/66B | €88,946 | €17,224 | -€71,722 | -80.6% |
| Recurring financial charges | 65 | €88,946 | €17,224 | -€71,722 | -80.6% |
| Profit (loss) for the period before taxes | 9903 | -€710,433 | €2,087,936 | +€2.8m | |
| Profit (loss) for the period | 9904 | -€710,433 | €2,087,936 | +€2.8m | |
| Profit (loss) for the period to be appropriated | 9905 | -€710,433 | €2,087,936 | +€2.8m |
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 23 October 2026 via checked.be.