LIP Capital: 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 Capital
Largest movements
- Receivables within one year +€475,662
up €475,662 (+17,311%), from €2,748 to €478,410
of which Other amounts receivable: +€475,662
- Cash -€371,248
down €371,248 (-99.2%), from €374,402 to €3,154
mainly Receivables within one year (-€475,662)
- Other debts +€52,063
new in 2025: €52,063
- Profit (loss) carried forward +€31,643
up €31,643 (+13.6%), from €232,812 to €264,455
- Tax, wage and social debts +€11,165
new in 2025: €11,165
- Advances received +€7,040
new in 2025: €7,040
- Financial income +€40,892
up €40,892 (+446%), from €9,167 to €50,059
- Taxes +€10,394
up €10,394 (+924%), from €1,125 to €11,519
- Financial charges +€2,078
up €2,078 (+710%), from €293 to €2,370
- Gross operating margin -€228
down €228 (-6.1%), from -€3,730 to -€3,957
- Other operating charges -€76
down €76 (-11.8%), from €646 to €570
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 | €377,150 | €481,564 | +€104,415 | +27.7% |
| Current assets | 29/58 | €377,150 | €481,564 | +€104,415 | +27.7% |
| Amounts receivable within one year | 40/41 | €2,748 | €478,410 | +€475,662 | +17,311% |
| Trade receivables | 40 | €1,539 | €1,539 | = | 0.0% |
| Other amounts receivable | 41 | €1,209 | €476,871 | +€475,662 | +39,349% |
| Cash at bank and in hand | 54/58 | €374,402 | €3,154 | -€371,248 | -99.2% |
| Total equity and liabilities | 10/49 | €377,150 | €481,564 | +€104,415 | +27.7% |
| Equity | 10/15 | €374,437 | €406,080 | +€31,643 | +8.5% |
| Contributions | 10/11 | €129,000 | €129,000 | = | 0.0% |
| Capital | 10 | €129,000 | €129,000 | = | 0.0% |
| Issued capital | 100 | €129,000 | €129,000 | = | 0.0% |
| Reserves | 13 | €12,625 | €12,625 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,625 | €12,625 | = | 0.0% |
| Legal reserve | 130 | €12,625 | €12,625 | = | 0.0% |
| Profit (loss) carried forward | 14 | €232,812 | €264,455 | +€31,643 | +13.6% |
| Amounts payable | 17/49 | €2,713 | €75,485 | +€72,772 | +2,682% |
| Amounts payable within one year | 42/48 | €2,713 | €75,485 | +€72,772 | +2,682% |
| Trade debts | 44 | €2,713 | €5,218 | +€2,505 | +92.3% |
| Suppliers | 440/4 | €2,713 | €5,218 | +€2,505 | +92.3% |
| Advances received on contracts in progress | 46 | - | €7,040 | +€7,040 | |
| Taxes, remuneration and social security | 45 | - | €11,165 | +€11,165 | |
| Taxes | 450/3 | - | €11,165 | +€11,165 | |
| Other amounts payable | 47/48 | - | €52,063 | +€52,063 | |
| Other operating charges | 640/8 | €646 | €570 | -€76 | -11.8% |
| Gross operating margin | 9900 | -€3,730 | -€3,957 | -€228 | -6.1% |
| Operating profit (loss) | 9901 | -€4,375 | -€4,527 | -€151 | -3.5% |
| Financial income | 75/76B | €9,167 | €50,059 | +€40,892 | +446% |
| Recurring financial income | 75 | €9,167 | €50,059 | +€40,892 | +446% |
| Financial charges | 65/66B | €293 | €2,370 | +€2,078 | +710% |
| Recurring financial charges | 65 | €293 | €2,370 | +€2,078 | +710% |
| Profit (loss) for the period before taxes | 9903 | €4,499 | €43,161 | +€38,663 | +859% |
| Income taxes | 67/77 | €1,125 | €11,519 | +€10,394 | +924% |
| Profit (loss) for the period | 9904 | €3,374 | €31,643 | +€28,269 | +838% |
| Profit (loss) for the period to be appropriated | 9905 | €3,374 | €31,643 | +€28,269 | +838% |
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 31 October 2026 via checked.be.