LIPACS: 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.
LIPACS
Largest movements
- Current investments -€334,647
no longer reported in 2025 (was €334,647)
- Receivables within one year -€23,217
down €23,217 (-27.3%), from €84,990 to €61,774
of which Other amounts receivable: -€40,899
- Cash -€8,265
down €8,265 (-12.8%), from €64,777 to €56,512
mainly Contributions, distributions and other (-€414,119) and Trade debts (-€17,052)
- Contributions -€250,200
down €250,200 (-95.3%), from €262,600 to €12,400
- Reserves -€136,801
down €136,801 (-71.4%), from €191,530 to €54,729
of which Distributable reserves: -€134,941
- Other debts +€23,847
new in 2025: €23,847
- Trade debts -€17,052
down €17,052 (-86.4%), from €19,735 to €2,683
- Tax, wage and social debts +€9,872
up €9,872 (+81.7%), from €12,083 to €21,956
- Financial income +€31,557
up €31,557 (+773.7%), from €4,079 to €35,636
of which Non-recurring financial income: +€30,329
- Taxes +€7,714
up €7,714 (+238.2%), from €3,238 to €10,953
- Gross operating margin -€3,114
down €3,114 (-39.8%), from €7,828 to €4,714
- Depreciation +€96
up €96 (+20.0%), from €483 to €580
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €486,243 | €120,473 | -€365,770 | -75.2% |
| Fixed assets | 21/28 | €1,209 | €1,584 | +€376 | +31.1% |
| Tangible fixed assets | 22/27 | €1,209 | €1,584 | +€376 | +31.1% |
| Furniture and vehicles | 24 | €1,209 | €1,584 | +€376 | +31.1% |
| Current assets | 29/58 | €485,035 | €118,889 | -€366,146 | -75.5% |
| Amounts receivable within one year | 40/41 | €84,990 | €61,774 | -€23,217 | -27.3% |
| Trade receivables | 40 | €44,091 | €61,774 | +€17,682 | +40.1% |
| Other amounts receivable | 41 | €40,899 | - | -€40,899 | |
| Current investments | 50/53 | €334,647 | - | -€334,647 | |
| Cash at bank and in hand | 54/58 | €64,777 | €56,512 | -€8,265 | -12.8% |
| Deferred charges and accrued income | 490/1 | €620 | €603 | -€17 | -2.8% |
| Total equity and liabilities | 10/49 | €486,243 | €120,473 | -€365,770 | -75.2% |
| Equity | 10/15 | €454,130 | €67,129 | -€387,001 | -85.2% |
| Contributions | 10/11 | €262,600 | €12,400 | -€250,200 | -95.3% |
| Reserves | 13 | €191,530 | €54,729 | -€136,801 | -71.4% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €189,670 | €54,729 | -€134,941 | -71.1% |
| Amounts payable | 17/49 | €32,114 | €53,344 | +€21,231 | +66.1% |
| Amounts payable within one year | 42/48 | €31,818 | €48,486 | +€16,668 | +52.4% |
| Trade debts | 44 | €19,735 | €2,683 | -€17,052 | -86.4% |
| Suppliers | 440/4 | €19,735 | €2,683 | -€17,052 | -86.4% |
| Taxes, remuneration and social security | 45 | €12,083 | €21,956 | +€9,872 | +81.7% |
| Taxes | 450/3 | €12,083 | €21,956 | +€9,872 | +81.7% |
| Other amounts payable | 47/48 | - | €23,847 | +€23,847 | |
| Accrued charges and deferred income | 492/3 | €296 | €4,858 | +€4,563 | +1544.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €483 | €580 | +€96 | +20.0% |
| Other operating charges | 640/8 | €1,264 | €1,323 | +€58 | +4.6% |
| Gross operating margin | 9900 | €7,828 | €4,714 | -€3,114 | -39.8% |
| Operating profit (loss) | 9901 | €6,080 | €2,812 | -€3,269 | -53.8% |
| Financial income | 75/76B | €4,079 | €35,636 | +€31,557 | +773.7% |
| Recurring financial income | 75 | €4,079 | €5,307 | +€1,228 | +30.1% |
| Non-recurring financial income | 76B | - | €30,329 | +€30,329 | |
| Financial charges | 65/66B | €339 | €377 | +€38 | +11.4% |
| Recurring financial charges | 65 | €339 | €377 | +€38 | +11.4% |
| Profit (loss) for the period before taxes | 9903 | €9,820 | €38,070 | +€28,250 | +287.7% |
| Income taxes | 67/77 | €3,238 | €10,953 | +€7,714 | +238.2% |
| Profit (loss) for the period | 9904 | €6,582 | €27,118 | +€20,536 | +312.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,582 | €27,118 | +€20,536 | +312.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.