LIPEK: 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.
LIPEK
Largest movements
- Receivables within one year +€6,696
up €6,696 (+154.0%), from €4,347 to €11,043
of which Trade receivables: +€7,946
- Cash +€4,049
up €4,049 (+13.1%), from €30,935 to €34,985
mainly Net result for the year (+€8,283) and Depreciation (+€1,683)
- Tangible fixed assets -€1,683
down €1,683 (-56.9%), from €2,959 to €1,276
of which Plant, machinery and equipment: -€1,324
- Deferred charges and accrued income +€1,013
new in 2025: €1,013
- Profit (loss) carried forward +€8,283
up €8,283 (+27.4%), from €30,283 to €38,566
- Accrued charges and deferred income +€831
new in 2025: €831
- Tax, wage and social debts +€722
up €722 (+48.1%), from €1,503 to €2,225
of which Taxes: +€722
- Gross operating margin +€6,761
up €6,761 (+113.6%), from €5,950 to €12,711
- Taxes +€1,620
up €1,620 (+322.8%), from €502 to €2,122
- Depreciation -€669
down €669 (-28.4%), from €2,352 to €1,683
- Other operating charges -€220
down €220 (-28.6%), from €768 to €548
- Financial charges -€154
down €154 (-67.3%), from €229 to €75
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 | €40,311 | €50,387 | +€10,076 | +25.0% |
| Fixed assets | 21/28 | €4,029 | €2,346 | -€1,683 | -41.8% |
| Tangible fixed assets | 22/27 | €2,959 | €1,276 | -€1,683 | -56.9% |
| Plant, machinery and equipment | 23 | €2,600 | €1,276 | -€1,324 | -50.9% |
| Furniture and vehicles | 24 | €359 | - | -€359 | |
| Financial fixed assets | 28 | €1,070 | €1,070 | = | 0.0% |
| Current assets | 29/58 | €36,282 | €48,040 | +€11,758 | +32.4% |
| Stocks and contracts in progress | 3 | €1,000 | €1,000 | = | 0.0% |
| Stocks | 30/36 | €1,000 | €1,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,347 | €11,043 | +€6,696 | +154.0% |
| Trade receivables | 40 | €318 | €8,264 | +€7,946 | +2498.9% |
| Other amounts receivable | 41 | €4,029 | €2,779 | -€1,250 | -31.0% |
| Cash at bank and in hand | 54/58 | €30,935 | €34,985 | +€4,049 | +13.1% |
| Deferred charges and accrued income | 490/1 | - | €1,013 | +€1,013 | |
| Total equity and liabilities | 10/49 | €40,311 | €50,387 | +€10,076 | +25.0% |
| Equity | 10/15 | €38,743 | €47,026 | +€8,283 | +21.4% |
| Contributions | 10/11 | €6,600 | €6,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,283 | €38,566 | +€8,283 | +27.4% |
| Amounts payable | 17/49 | €1,568 | €3,361 | +€1,793 | +114.3% |
| Amounts payable within one year | 42/48 | €1,568 | €2,530 | +€962 | +61.3% |
| Trade debts | 44 | €66 | €305 | +€239 | +365.2% |
| Suppliers | 440/4 | €66 | €305 | +€239 | +365.2% |
| Taxes, remuneration and social security | 45 | €1,503 | €2,225 | +€722 | +48.1% |
| Taxes | 450/3 | - | €722 | +€722 | |
| Remuneration and social security | 454/9 | €1,503 | €1,503 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €831 | +€831 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,352 | €1,683 | -€669 | -28.4% |
| Other operating charges | 640/8 | €768 | €548 | -€220 | -28.6% |
| Gross operating margin | 9900 | €5,950 | €12,711 | +€6,761 | +113.6% |
| Operating profit (loss) | 9901 | €2,830 | €10,480 | +€7,650 | +270.4% |
| Financial income | 75/76B | €14 | €0 | -€14 | -99.9% |
| Recurring financial income | 75 | €14 | €0 | -€14 | -99.9% |
| Financial charges | 65/66B | €229 | €75 | -€154 | -67.3% |
| Recurring financial charges | 65 | €229 | €75 | -€154 | -67.3% |
| Profit (loss) for the period before taxes | 9903 | €2,615 | €10,405 | +€7,790 | +297.9% |
| Income taxes | 67/77 | €502 | €2,122 | +€1,620 | +322.8% |
| Profit (loss) for the period | 9904 | €2,113 | €8,283 | +€6,170 | +292.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,113 | €8,283 | +€6,170 | +292.0% |
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 9 October 2026 via checked.be.