Lipauflo: 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.
Lipauflo
Largest movements
- Receivables after one year +€317,475
new in 2026: €317,475
- Cash -€82,949
down €82,949 (-88.6%), from €93,629 to €10,681
mainly Receivables after one year (-€317,475) and Contributions, distributions and other (-€224,000)
- Receivables within one year +€18,885
up €18,885 (+61.8%), from €30,539 to €49,424
of which Other amounts receivable: +€24,953
- Tangible fixed assets -€15,929
down €15,929 (-19.8%), from €80,597 to €64,668
- Reserves +€216,438
up €216,438 (+210%), from €103,145 to €319,583
of which Tax-exempt reserves: +€178,925
- Other debts +€31,013
up €31,013 (+38.3%), from €80,986 to €111,999
- Tax, wage and social debts -€6,722
down €6,722 (-40.6%), from €16,541 to €9,820
of which Taxes: -€7,085
- Gross operating margin +€472,509
up €472,509 (+401%), from €117,729 to €590,239
- Taxes +€122,448
up €122,448 (+486%), from €25,212 to €147,661
- Depreciation +€10,262
up €10,262 (+181%), from €5,667 to €15,929
- Financial income +€7,273
up €7,273 (+107%), from €6,804 to €14,077
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €204,766 | €445,379 | +€240,613 | +118% |
| Fixed assets | 21/28 | €80,597 | €64,668 | -€15,929 | -19.8% |
| Tangible fixed assets | 22/27 | €80,597 | €64,668 | -€15,929 | -19.8% |
| Furniture and vehicles | 24 | €80,597 | €64,668 | -€15,929 | -19.8% |
| Current assets | 29/58 | €124,168 | €380,711 | +€256,542 | +207% |
| Amounts receivable after more than one year | 29 | - | €317,475 | +€317,475 | |
| Other amounts receivable | 291 | - | €317,475 | +€317,475 | |
| Amounts receivable within one year | 40/41 | €30,539 | €49,424 | +€18,885 | +61.8% |
| Trade receivables | 40 | €30,492 | €24,424 | -€6,068 | -19.9% |
| Other amounts receivable | 41 | €47 | €25,000 | +€24,953 | +53,148% |
| Cash at bank and in hand | 54/58 | €93,629 | €10,681 | -€82,949 | -88.6% |
| Deferred charges and accrued income | 490/1 | €0 | €3,131 | +€3,131 | |
| Total equity and liabilities | 10/49 | €204,766 | €445,379 | +€240,613 | +118% |
| Equity | 10/15 | €105,145 | €321,583 | +€216,438 | +206% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €103,145 | €319,583 | +€216,438 | +210% |
| Tax-exempt reserves | 132 | €103,145 | €282,070 | +€178,925 | +173% |
| Distributable reserves | 133 | €0 | €37,513 | +€37,513 | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €99,621 | €123,796 | +€24,176 | +24.3% |
| Amounts payable within one year | 42/48 | €99,621 | €123,796 | +€24,176 | +24.3% |
| Trade debts | 44 | €2,093 | €1,977 | -€116 | -5.5% |
| Suppliers | 440/4 | €2,093 | €1,977 | -€116 | -5.5% |
| Taxes, remuneration and social security | 45 | €16,541 | €9,820 | -€6,722 | -40.6% |
| Taxes | 450/3 | €14,001 | €6,916 | -€7,085 | -50.6% |
| Remuneration and social security | 454/9 | €2,541 | €2,904 | +€363 | +14.3% |
| Other amounts payable | 47/48 | €80,986 | €111,999 | +€31,013 | +38.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,667 | €15,929 | +€10,262 | +181% |
| Other operating charges | 640/8 | €505 | €248 | -€257 | -50.9% |
| Gross operating margin | 9900 | €117,729 | €590,239 | +€472,509 | +401% |
| Operating profit (loss) | 9901 | €111,557 | €574,062 | +€462,505 | +415% |
| Financial income | 75/76B | €6,804 | €14,077 | +€7,273 | +107% |
| Recurring financial income | 75 | €6,804 | €14,077 | +€7,273 | +107% |
| Financial charges | 65/66B | €44 | €40 | -€3 | -7.1% |
| Recurring financial charges | 65 | €44 | €40 | -€3 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €118,318 | €588,098 | +€469,780 | +397% |
| Income taxes | 67/77 | €25,212 | €147,661 | +€122,448 | +486% |
| Profit (loss) for the period | 9904 | €93,106 | €440,438 | +€347,332 | +373% |
| Transfer from tax-exempt reserves | 789 | - | €31,575 | +€31,575 | |
| Transfer to tax-exempt reserves | 689 | €0 | €210,500 | +€210,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €93,106 | €261,513 | +€168,407 | +181% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.