Lilpa: 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.
What changed
Lilpa
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€42,465
2024 · -€8,240+€50,705
Equity
€4.0m
2024 · €4.0m-€16,141
Cash
€132,678
2024 · €78,140+€54,538
Balance sheet total
€4.1m
2024 · €4.1m-€28,141
Largest movements
Assets
- Tangible fixed assets -€63,834
down €63,834 (-1.6%), from €4.0m to €3.9m
of which Land and buildings: -€103,411
- Cash +€54,538
up €54,538 (+69.8%), from €78,140 to €132,678
mainly Depreciation (+€69,961) and Net result for the year (+€42,465)
Equity and liabilities
- Revaluation surpluses -€58,606
down €58,606 (-2.0%), from €3.0m to €2.9m
- Reserves +€53,172
up €53,172 (+12.2%), from €436,497 to €489,669
of which Non-distributable reserves: +€58,606
Income statement
- Other operating charges -€70,661
down €70,661 (-76.6%), from €92,217 to €21,557
- Gross operating margin -€12,639
down €12,639 (-8.2%), from €154,329 to €141,690
- Taxes +€8,080
new in 2025: €8,080
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.
Result 2024
-€8,240
Gross operating margin
-€12,639
Depreciation
+€428
Other operating charges
+€70,661
Other operating items
+€57
Financial income
-€2
Financial charges
+€281
Taxes
-€8,080
Result 2025
€42,465
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.
From operations
+€134,245
Investment
-€6,127
Financing
-€73,579
Cash 2024
€78,140
From operations (derived)
+€134,245
Net result for the year
+€42,465
Depreciation
+€69,961
Receivables within one year
+€17,475
Deferred charges and accrued income
+€1,370
Provisions
-€1,811
Trade debts
-€85
Tax, wage and social debts
+€5,080
Accrued charges and deferred income
-€210
Investment (derived)
-€6,127
Investment in fixed assets (net)
-€6,127
Financing
-€73,579
Debts after one year
-€15,175
Current portion of long-term debt
+€202
Contributions, distributions and other
-€58,606
Cash 2025
€132,678
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,109,681 | €4,081,541 | -€28,141 | -0.7% |
| Fixed assets | 21/28 | €3,982,794 | €3,918,960 | -€63,834 | -1.6% |
| Tangible fixed assets | 22/27 | €3,982,794 | €3,918,960 | -€63,834 | -1.6% |
| Land and buildings | 22 | €3,883,494 | €3,780,083 | -€103,411 | -2.7% |
| Plant, machinery and equipment | 23 | €42,624 | €37,076 | -€5,547 | -13.0% |
| Furniture and vehicles | 24 | €1,677 | €1,339 | -€338 | -20.2% |
| Other tangible fixed assets | 26 | €55,000 | €100,463 | +€45,463 | +82.7% |
| Current assets | 29/58 | €126,887 | €162,580 | +€35,693 | +28.1% |
| Stocks and contracts in progress | 3 | €3,500 | €3,500 | = | 0.0% |
| Stocks | 30/36 | €3,500 | €3,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €33,311 | €15,836 | -€17,475 | -52.5% |
| Trade receivables | 40 | €920 | €700 | -€220 | -23.9% |
| Other amounts receivable | 41 | €32,391 | €15,136 | -€17,255 | -53.3% |
| Cash at bank and in hand | 54/58 | €78,140 | €132,678 | +€54,538 | +69.8% |
| Deferred charges and accrued income | 490/1 | €11,936 | €10,566 | -€1,370 | -11.5% |
| Total equity and liabilities | 10/49 | €4,109,681 | €4,081,541 | -€28,141 | -0.7% |
| Equity | 10/15 | €3,993,049 | €3,976,908 | -€16,141 | -0.4% |
| Contributions | 10/11 | €640,900 | €640,900 | = | 0.0% |
| Capital | 10 | €640,900 | €640,900 | = | 0.0% |
| Issued capital | 100 | €640,900 | €640,900 | = | 0.0% |
| Revaluation surpluses | 12 | €2,950,555 | €2,891,949 | -€58,606 | -2.0% |
| Reserves | 13 | €436,497 | €489,669 | +€53,172 | +12.2% |
| Non-distributable reserves | 130/1 | €281,491 | €340,097 | +€58,606 | +20.8% |
| Legal reserve | 130 | €64,090 | €64,090 | = | 0.0% |
| Other | 1319 | €217,401 | €276,007 | +€58,606 | +27.0% |
| Tax-exempt reserves | 132 | €84,006 | €78,572 | -€5,434 | -6.5% |
| Distributable reserves | 133 | €71,000 | €71,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,902 | -€45,609 | -€10,707 | -30.7% |
| Provisions and deferred taxes | 16 | €28,002 | €26,191 | -€1,811 | -6.5% |
| Deferred taxes | 168 | €28,002 | €26,191 | -€1,811 | -6.5% |
| Amounts payable | 17/49 | €88,630 | €78,442 | -€10,188 | -11.5% |
| Amounts payable after more than one year | 17 | €71,248 | €56,073 | -€15,175 | -21.3% |
| Financial debts | 170/4 | €71,248 | €56,073 | -€15,175 | -21.3% |
| Amounts payable within one year | 42/48 | €16,449 | €21,645 | +€5,197 | +31.6% |
| Current portion of amounts payable after more than one year | 42 | €14,973 | €15,175 | +€202 | +1.3% |
| Trade debts | 44 | €128 | €44 | -€85 | -65.9% |
| Suppliers | 440/4 | €128 | €44 | -€85 | -65.9% |
| Taxes, remuneration and social security | 45 | - | €5,080 | +€5,080 | |
| Taxes | 450/3 | - | €5,080 | +€5,080 | |
| Other amounts payable | 47/48 | €1,347 | €1,347 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €934 | €724 | -€210 | -22.5% |
| Non-recurring operating income | 76A | €5,824 | €20,391 | +€14,567 | +250.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,389 | €69,961 | -€428 | -0.6% |
| Other operating charges | 640/8 | €92,217 | €21,557 | -€70,661 | -76.6% |
| Non-recurring operating charges | 66A | €57 | - | -€57 | |
| Gross operating margin | 9900 | €154,329 | €141,690 | -€12,639 | -8.2% |
| Operating profit (loss) | 9901 | -€8,334 | €50,172 | +€58,506 | |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €1,720 | €1,439 | -€281 | -16.4% |
| Recurring financial charges | 65 | €1,720 | €1,439 | -€281 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | -€10,052 | €48,733 | +€58,785 | |
| Transfer from deferred taxes | 780 | €1,811 | €1,811 | = | 0.0% |
| Income taxes | 67/77 | - | €8,080 | +€8,080 | |
| Profit (loss) for the period | 9904 | -€8,240 | €42,465 | +€50,705 | |
| Transfer from tax-exempt reserves | 789 | €5,434 | €5,434 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,806 | €47,899 | +€50,705 |
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 2 October 2026 via checked.be.