LIPCAS: 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.
LIPCAS
Largest movements
- Tangible fixed assets +€6.7m
up €6.7m (+731.0%), from €917,433 to €7.6m
of which Leasing and similar rights: +€6.7m
- Receivables within one year -€5.7m
down €5.7m (-71.0%), from €8.1m to €2.3m
of which Trade receivables: -€6.4m
- Deferred charges and accrued income +€2.5m
up €2.5m (+934.7%), from €264,753 to €2.7m
- Cash -€1.9m
down €1.9m (-84.8%), from €2.2m to €335,354
mainly Investment in fixed assets (net) (-€7.0m) and Short-term financial debts (-€2.8m)
- Stocks and contracts +€245,106
new in 2024: €245,106
- Debts after one year +€4.0m
up €4.0m (+674.3%), from €600,000 to €4.6m
- Short-term financial debts -€2.8m
down €2.8m (-68.8%), from €4.0m to €1.3m
- Profit (loss) carried forward -€1.7m
new in 2024: -€1.7m
- Contributions +€1.3m
up €1.3m (+60.0%), from €2.1m to €3.3m
- Trade debts +€523,171
up €523,171 (+62.3%), from €840,051 to €1.4m
- Gross operating margin -€1.0m
down €1.0m, from €645,324 to -€372,214
- Financial charges +€479,658
up €479,658 (+251.5%), from €190,718 to €670,376
of which Financial charges: +€460,616
- Staff costs +€397,576
up €397,576 (+158.3%), from €251,187 to €648,764
- Depreciation +€132,942
up €132,942 (+162.1%), from €82,029 to €214,971
- Financial income +€12,943
up €12,943 (+401.7%), from €3,222 to €16,166
of which Non-recurring financial income: +€14,972
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,535,692 | €13,466,009 | +€1.9m | +16.7% |
| Fixed assets | 21/28 | €985,588 | €7,804,701 | +€6.8m | +691.9% |
| Intangible fixed assets | 21 | €25,405 | €138,494 | +€113,089 | +445.2% |
| Tangible fixed assets | 22/27 | €917,433 | €7,623,457 | +€6.7m | +731.0% |
| Land and buildings | 22 | €661,760 | €353,275 | -€308,485 | -46.6% |
| Plant, machinery and equipment | 23 | €221,826 | €563,864 | +€342,038 | +154.2% |
| Furniture and vehicles | 24 | €33,847 | €41,171 | +€7,324 | +21.6% |
| Leasing and similar rights | 25 | - | €6,665,147 | +€6.7m | |
| Financial fixed assets | 28 | €42,750 | €42,750 | = | 0.0% |
| Current assets | 29/58 | €10,550,104 | €5,661,308 | -€4.9m | -46.3% |
| Stocks and contracts in progress | 3 | - | €245,106 | +€245,106 | |
| Stocks | 30/36 | - | €245,106 | +€245,106 | |
| Amounts receivable within one year | 40/41 | €8,081,427 | €2,341,410 | -€5.7m | -71.0% |
| Trade receivables | 40 | €6,813,436 | €407,538 | -€6.4m | -94.0% |
| Other amounts receivable | 41 | €1,267,991 | €1,933,873 | +€665,881 | +52.5% |
| Cash at bank and in hand | 54/58 | €2,203,924 | €335,354 | -€1.9m | -84.8% |
| Deferred charges and accrued income | 490/1 | €264,753 | €2,739,438 | +€2.5m | +934.7% |
| Total equity and liabilities | 10/49 | €11,535,692 | €13,466,009 | +€1.9m | +16.7% |
| Equity | 10/15 | €4,600,941 | €3,968,372 | -€632,569 | -13.7% |
| Contributions | 10/11 | €2,084,284 | €3,334,284 | +€1.3m | +60.0% |
| Capital | 10 | €2,084,284 | €3,334,284 | +€1.3m | +60.0% |
| Issued capital | 100 | €2,084,284 | €3,334,284 | +€1.3m | +60.0% |
| Reserves | 13 | €2,516,658 | €2,306,296 | -€210,362 | -8.4% |
| Non-distributable reserves | 130/1 | €13,757 | €13,757 | = | 0.0% |
| Legal reserve | 130 | €13,757 | €13,757 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,343,650 | €2,292,539 | -€51,110 | -2.2% |
| Distributable reserves | 133 | €159,251 | €0 | -€159,251 | -100.0% |
| Profit (loss) carried forward | 14 | - | -€1,672,208 | -€1.7m | |
| Provisions and deferred taxes | 16 | €781,217 | €764,180 | -€17,037 | -2.2% |
| Deferred taxes | 168 | €781,217 | €764,180 | -€17,037 | -2.2% |
| Amounts payable | 17/49 | €6,153,534 | €8,733,457 | +€2.6m | +41.9% |
| Amounts payable after more than one year | 17 | €600,000 | €4,646,024 | +€4.0m | +674.3% |
| Financial debts | 170/4 | €600,000 | €4,646,024 | +€4.0m | +674.3% |
| Amounts payable within one year | 42/48 | €5,536,784 | €4,009,035 | -€1.5m | -27.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | €379,309 | +€379,309 | |
| Financial debts | 43 | €4,000,000 | €1,250,000 | -€2.8m | -68.8% |
| Credit institutions | 430/8 | €4,000,000 | €1,250,000 | -€2.8m | -68.8% |
| Trade debts | 44 | €840,051 | €1,363,221 | +€523,171 | +62.3% |
| Suppliers | 440/4 | €840,051 | €1,363,221 | +€523,171 | +62.3% |
| Taxes, remuneration and social security | 45 | €228,242 | €89,363 | -€138,879 | -60.8% |
| Taxes | 450/3 | €211,093 | €4,952 | -€206,141 | -97.7% |
| Remuneration and social security | 454/9 | €17,149 | €84,412 | +€67,262 | +392.2% |
| Other amounts payable | 47/48 | €468,491 | €927,141 | +€458,650 | +97.9% |
| Accrued charges and deferred income | 492/3 | €16,750 | €78,398 | +€61,648 | +368.0% |
| Non-recurring operating income | 76A | €949,379 | €9,684 | -€939,695 | -99.0% |
| Remuneration, social security and pensions | 62 | €251,187 | €648,764 | +€397,576 | +158.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,029 | €214,971 | +€132,942 | +162.1% |
| Other operating charges | 640/8 | €20,865 | €8,694 | -€12,171 | -58.3% |
| Gross operating margin | 9900 | €645,324 | -€372,214 | -€1.0m | |
| Operating profit (loss) | 9901 | €291,242 | -€1,244,642 | -€1.5m | |
| Financial income | 75/76B | €3,222 | €16,166 | +€12,943 | +401.7% |
| Recurring financial income | 75 | €3,222 | €1,194 | -€2,028 | -62.9% |
| Non-recurring financial income | 76B | - | €14,972 | +€14,972 | |
| Financial charges | 65/66B | €190,718 | €670,376 | +€479,658 | +251.5% |
| Recurring financial charges | 65 | €185,401 | €646,017 | +€460,616 | +248.4% |
| Non-recurring financial charges | 66B | €5,317 | €24,360 | +€19,042 | +358.1% |
| Profit (loss) for the period before taxes | 9903 | €103,746 | -€1,898,853 | -€2.0m | |
| Transfer from deferred taxes | 780 | €827 | €17,037 | +€16,210 | +1959.6% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €490 | €753 | +€263 | +53.7% |
| Profit (loss) for the period | 9904 | €104,083 | -€1,882,569 | -€2.0m | |
| Transfer from tax-exempt reserves | 789 | €2,482 | €51,110 | +€48,629 | +1959.6% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €106,565 | -€1,831,459 | -€1.9m |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.