LIP-A: 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.
LIP-A
Largest movements
- Stocks and contracts +€886,431
up €886,431 (+11.3%), from €7.9m to €8.8m
- Receivables within one year -€302,305
down €302,305 (-87.5%), from €345,679 to €43,374
of which Trade receivables: -€332,305
- Other debts +€645,615
up €645,615 (+9.0%), from €7.2m to €7.8m
- Gross operating margin -€78,322
down €78,322, from €73,554 to -€4,768
- Other operating charges -€35,074
down €35,074 (-72.6%), from €48,310 to €13,235
- Financial charges -€23,034
down €23,034 (-67.6%), from €34,094 to €11,060
- Taxes +€14,252
no longer reported in 2025 (was -€14,252)
- Financial income -€2,953
no longer reported in 2025 (was €2,953)
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 | €8,214,377 | €8,803,175 | +€588,798 | +7.2% |
| Current assets | 29/58 | €8,214,377 | €8,803,175 | +€588,798 | +7.2% |
| Stocks and contracts in progress | 3 | €7,864,345 | €8,750,776 | +€886,431 | +11.3% |
| Stocks | 30/36 | €7,864,345 | €8,750,776 | +€886,431 | +11.3% |
| Amounts receivable within one year | 40/41 | €345,679 | €43,374 | -€302,305 | -87.5% |
| Trade receivables | 40 | €345,555 | €13,250 | -€332,305 | -96.2% |
| Other amounts receivable | 41 | €124 | €30,124 | +€30,000 | +24,203% |
| Cash at bank and in hand | 54/58 | €4,353 | €6,574 | +€2,221 | +51.0% |
| Deferred charges and accrued income | 490/1 | - | €2,451 | +€2,451 | |
| Total equity and liabilities | 10/49 | €8,214,377 | €8,803,175 | +€588,798 | +7.2% |
| Equity | 10/15 | €667,296 | €638,233 | -€29,063 | -4.4% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €267,296 | €238,233 | -€29,063 | -10.9% |
| Tax-exempt reserves | 132 | €66,308 | - | -€66,308 | |
| Distributable reserves | 133 | €200,989 | €238,233 | +€37,244 | +18.5% |
| Amounts payable | 17/49 | €7,547,081 | €8,164,942 | +€617,861 | +8.2% |
| Amounts payable within one year | 42/48 | €7,196,571 | €7,879,672 | +€683,101 | +9.5% |
| Trade debts | 44 | €13,284 | €50,770 | +€37,486 | +282% |
| Suppliers | 440/4 | €13,284 | €50,770 | +€37,486 | +282% |
| Other amounts payable | 47/48 | €7,183,287 | €7,828,903 | +€645,615 | +9.0% |
| Accrued charges and deferred income | 492/3 | €350,510 | €285,269 | -€65,240 | -18.6% |
| Other operating charges | 640/8 | €48,310 | €13,235 | -€35,074 | -72.6% |
| Gross operating margin | 9900 | €73,554 | -€4,768 | -€78,322 | |
| Operating profit (loss) | 9901 | €25,245 | -€18,003 | -€43,248 | |
| Financial income | 75/76B | €2,953 | - | -€2,953 | |
| Recurring financial income | 75 | €2,953 | - | -€2,953 | |
| Financial charges | 65/66B | €34,094 | €11,060 | -€23,034 | -67.6% |
| Recurring financial charges | 65 | €34,094 | €11,060 | -€23,034 | -67.6% |
| Profit (loss) for the period before taxes | 9903 | -€5,897 | -€29,063 | -€23,166 | -393% |
| Income taxes | 67/77 | -€14,252 | - | +€14,252 | |
| Profit (loss) for the period | 9904 | €8,355 | -€29,063 | -€37,418 | |
| Transfer from tax-exempt reserves | 789 | €123,143 | €66,308 | -€56,835 | -46.2% |
| Profit (loss) for the period to be appropriated | 9905 | €131,498 | €37,244 | -€94,253 | -71.7% |
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 14 October 2026 via checked.be.