LIP-B: 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-B
Largest movements
- Stocks and contracts -€131,477
down €131,477 (-2.6%), from €5.1m to €5.0m
- Receivables within one year -€122,442
down €122,442 (-37.5%), from €326,197 to €203,755
of which Other amounts receivable: -€63,454
- Contributions +€2.0m
up €2.0m (+1,333%), from €150,000 to €2.2m
- Other debts -€1.3m
down €1.3m (-23.3%), from €5.7m to €4.3m
- Profit (loss) carried forward -€518,673
down €518,673 (-49.4%), from -€1.1m to -€1.6m
- Current portion of long-term debt -€402,344
no longer reported in 2025 (was €402,344)
- Gross operating margin +€256,664
up €256,664 (+71.8%), from -€357,653 to -€100,989
- Write-downs +€173,008
up €173,008 (+73.6%), from €235,000 to €408,008
- Financial charges -€81,843
down €81,843 (-67.2%), from €121,813 to €39,970
- Provisions -€74,000
down €74,000, from €42,000 to -€32,000
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 | €5,503,108 | €5,211,935 | -€291,173 | -5.3% |
| Current assets | 29/58 | €5,503,108 | €5,211,935 | -€291,173 | -5.3% |
| Stocks and contracts in progress | 3 | €5,126,748 | €4,995,271 | -€131,477 | -2.6% |
| Contracts in progress | 37 | €5,126,748 | €4,995,271 | -€131,477 | -2.6% |
| Amounts receivable within one year | 40/41 | €326,197 | €203,755 | -€122,442 | -37.5% |
| Trade receivables | 40 | €59,233 | €245 | -€58,988 | -99.6% |
| Other amounts receivable | 41 | €266,964 | €203,510 | -€63,454 | -23.8% |
| Cash at bank and in hand | 54/58 | €50,107 | €12,909 | -€37,198 | -74.2% |
| Deferred charges and accrued income | 490/1 | €57 | - | -€57 | |
| Total equity and liabilities | 10/49 | €5,503,108 | €5,211,935 | -€291,173 | -5.3% |
| Equity | 10/15 | -€900,445 | €580,882 | +€1.5m | |
| Contributions | 10/11 | €150,000 | €2,150,000 | +€2.0m | +1,333% |
| Profit (loss) carried forward | 14 | -€1,050,445 | -€1,569,118 | -€518,673 | -49.4% |
| Provisions and deferred taxes | 16 | €42,000 | €10,000 | -€32,000 | -76.2% |
| Provisions for liabilities and charges | 160/5 | €42,000 | €10,000 | -€32,000 | -76.2% |
| Other liabilities and charges | 164/5 | €42,000 | €10,000 | -€32,000 | -76.2% |
| Amounts payable | 17/49 | €6,361,553 | €4,621,053 | -€1.7m | -27.4% |
| Amounts payable within one year | 42/48 | €6,095,577 | €4,395,183 | -€1.7m | -27.9% |
| Current portion of amounts payable after more than one year | 42 | €402,344 | - | -€402,344 | |
| Trade debts | 44 | €32,732 | €53,313 | +€20,581 | +62.9% |
| Suppliers | 440/4 | €32,732 | €53,313 | +€20,581 | +62.9% |
| Other amounts payable | 47/48 | €5,660,501 | €4,341,870 | -€1.3m | -23.3% |
| Accrued charges and deferred income | 492/3 | €265,975 | €225,870 | -€40,106 | -15.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €235,000 | €408,008 | +€173,008 | +73.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €42,000 | -€32,000 | -€74,000 | |
| Other operating charges | 640/8 | €3,356 | €1,718 | -€1,637 | -48.8% |
| Non-recurring operating charges | 66A | - | €150 | +€150 | |
| Gross operating margin | 9900 | -€357,653 | -€100,989 | +€256,664 | +71.8% |
| Operating profit (loss) | 9901 | -€638,009 | -€478,865 | +€159,144 | +24.9% |
| Financial income | 75/76B | €2,902 | €130 | -€2,772 | -95.5% |
| Recurring financial income | 75 | €2,902 | €130 | -€2,772 | -95.5% |
| Financial charges | 65/66B | €121,813 | €39,970 | -€81,843 | -67.2% |
| Recurring financial charges | 65 | €121,813 | €39,970 | -€81,843 | -67.2% |
| Profit (loss) for the period before taxes | 9903 | -€756,919 | -€518,705 | +€238,214 | +31.5% |
| Income taxes | 67/77 | €32 | -€32 | -€63 | |
| Profit (loss) for the period | 9904 | -€756,951 | -€518,673 | +€238,277 | +31.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€756,951 | -€518,673 | +€238,277 | +31.5% |
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 25 October 2026 via checked.be.