LIPI: 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.
LIPI
Largest movements
- Receivables after one year -€173,535
no longer reported in 2025 (was €173,535)
- Cash +€80,645
new in 2025: €80,645
mainly Receivables after one year (+€173,535) and Net result for the year (+€79,665)
- Current investments +€69,355
new in 2025: €69,355
- Receivables within one year +€31,873
up €31,873 (+236.1%), from €13,502 to €45,375
of which Other amounts receivable: +€21,499
- Tangible fixed assets +€5,464
up €5,464 (+228.3%), from €2,393 to €7,858
- Reserves +€23,727
up €23,727 (+25.4%), from €93,536 to €117,263
of which Distributable reserves: +€23,727
- Trade debts -€6,663
down €6,663 (-66.8%), from €9,967 to €3,304
- Short-term financial debts -€6,452
down €6,452 (-64.1%), from €10,068 to €3,616
- Tax, wage and social debts +€6,292
up €6,292 (+31.3%), from €20,119 to €26,411
- Other debts -€3,439
no longer reported in 2025 (was €3,439)
- Gross operating margin +€108,356
up €108,356, from -€2,383 to €105,973
- Taxes +€30,514
up €30,514 (+800.3%), from €3,813 to €34,327
- Financial charges -€1,376
down €1,376 (-52.5%), from €2,622 to €1,247
- Financial income -€1,135
down €1,135 (-8.8%), from €12,854 to €11,720
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 | €191,336 | €204,475 | +€13,139 | +6.9% |
| Fixed assets | 21/28 | €3,393 | €8,858 | +€5,464 | +161.0% |
| Tangible fixed assets | 22/27 | €2,393 | €7,858 | +€5,464 | +228.3% |
| Furniture and vehicles | 24 | €2,393 | €7,858 | +€5,464 | +228.3% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €187,943 | €195,617 | +€7,674 | +4.1% |
| Amounts receivable after more than one year | 29 | €173,535 | - | -€173,535 | |
| Trade receivables | 290 | €173,535 | - | -€173,535 | |
| Amounts receivable within one year | 40/41 | €13,502 | €45,375 | +€31,873 | +236.1% |
| Trade receivables | 40 | €13,502 | €23,876 | +€10,374 | +76.8% |
| Other amounts receivable | 41 | - | €21,499 | +€21,499 | |
| Current investments | 50/53 | - | €69,355 | +€69,355 | |
| Cash at bank and in hand | 54/58 | - | €80,645 | +€80,645 | |
| Deferred charges and accrued income | 490/1 | €906 | €243 | -€663 | -73.2% |
| Total equity and liabilities | 10/49 | €191,336 | €204,475 | +€13,139 | +6.9% |
| Equity | 10/15 | €147,388 | €171,144 | +€23,756 | +16.1% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €93,536 | €117,263 | +€23,727 | +25.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €91,676 | €115,403 | +€23,727 | +25.9% |
| Profit (loss) carried forward | 14 | €47,655 | €47,683 | +€28 | +0.1% |
| Amounts payable | 17/49 | €43,948 | €33,331 | -€10,617 | -24.2% |
| Amounts payable within one year | 42/48 | €43,593 | €33,331 | -€10,262 | -23.5% |
| Financial debts | 43 | €10,068 | €3,616 | -€6,452 | -64.1% |
| Credit institutions | 430/8 | €10,068 | €3,616 | -€6,452 | -64.1% |
| Trade debts | 44 | €9,967 | €3,304 | -€6,663 | -66.8% |
| Suppliers | 440/4 | €9,967 | €3,304 | -€6,663 | -66.8% |
| Taxes, remuneration and social security | 45 | €20,119 | €26,411 | +€6,292 | +31.3% |
| Taxes | 450/3 | €20,119 | €26,411 | +€6,292 | +31.3% |
| Other amounts payable | 47/48 | €3,439 | - | -€3,439 | |
| Accrued charges and deferred income | 492/3 | €355 | - | -€355 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,293 | €1,379 | +€86 | +6.7% |
| Other operating charges | 640/8 | €1,123 | €1,075 | -€48 | -4.2% |
| Gross operating margin | 9900 | -€2,383 | €105,973 | +€108,356 | |
| Operating profit (loss) | 9901 | -€4,798 | €103,519 | +€108,317 | |
| Financial income | 75/76B | €12,854 | €11,720 | -€1,135 | -8.8% |
| Recurring financial income | 75 | €12,854 | €11,720 | -€1,135 | -8.8% |
| Financial charges | 65/66B | €2,622 | €1,247 | -€1,376 | -52.5% |
| Recurring financial charges | 65 | €2,622 | €1,247 | -€1,376 | -52.5% |
| Profit (loss) for the period before taxes | 9903 | €5,434 | €113,991 | +€108,558 | +1997.8% |
| Income taxes | 67/77 | €3,813 | €34,327 | +€30,514 | +800.3% |
| Profit (loss) for the period | 9904 | €1,621 | €79,665 | +€78,044 | +4814.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,621 | €79,665 | +€78,044 | +4814.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.