LIPIC: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
LIPIC
Largest movements
- Tangible fixed assets +€61,747
up €61,747 (+4.3%), from €1.4m to €1.5m
of which Land and buildings: +€72,332
- Debts after one year +€73,244
up €73,244 (+4.8%), from €1.5m to €1.6m
- Profit (loss) carried forward -€36,295
down €36,295 (-11.5%), from -€314,395 to -€350,690
- Gross operating margin +€5,214
up €5,214 (+7.8%), from €66,828 to €72,042
- Other operating charges +€1,708
up €1,708 (+12.2%), from €14,042 to €15,750
- Financial charges +€1,348
up €1,348 (+22.3%), from €6,034 to €7,382
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,557,394 | €1,603,506 | +€46,112 | +3.0% |
| Fixed assets | 21/28 | €1,444,725 | €1,506,472 | +€61,747 | +4.3% |
| Tangible fixed assets | 22/27 | €1,444,725 | €1,506,472 | +€61,747 | +4.3% |
| Land and buildings | 22 | €1,403,775 | €1,476,107 | +€72,332 | +5.2% |
| Furniture and vehicles | 24 | €40,950 | €30,365 | -€10,585 | -25.8% |
| Current assets | 29/58 | €112,670 | €97,034 | -€15,635 | -13.9% |
| Stocks and contracts in progress | 3 | €1,725 | €1,725 | = | 0.0% |
| Stocks | 30/36 | €1,725 | €1,725 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6 | - | -€6 | |
| Trade receivables | 40 | €6 | - | -€6 | |
| Cash at bank and in hand | 54/58 | €108,970 | €93,467 | -€15,503 | -14.2% |
| Deferred charges and accrued income | 490/1 | €1,969 | €1,843 | -€126 | -6.4% |
| Total equity and liabilities | 10/49 | €1,557,394 | €1,603,506 | +€46,112 | +3.0% |
| Equity | 10/15 | -€2,395 | -€38,690 | -€36,295 | -1,515% |
| Contributions | 10/11 | €312,000 | €312,000 | = | 0.0% |
| Capital | 10 | €312,000 | €312,000 | = | 0.0% |
| Issued capital | 100 | €312,000 | €312,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€314,395 | -€350,690 | -€36,295 | -11.5% |
| Amounts payable | 17/49 | €1,559,790 | €1,642,197 | +€82,407 | +5.3% |
| Amounts payable after more than one year | 17 | €1,535,315 | €1,608,560 | +€73,244 | +4.8% |
| Other amounts payable | 178/9 | €1,535,315 | €1,608,560 | +€73,244 | +4.8% |
| Amounts payable within one year | 42/48 | €21,556 | €28,258 | +€6,702 | +31.1% |
| Current portion of amounts payable after more than one year | 42 | €17,352 | €26,382 | +€9,030 | +52.0% |
| Trade debts | 44 | €4,204 | €1,876 | -€2,328 | -55.4% |
| Suppliers | 440/4 | €4,204 | €1,876 | -€2,328 | -55.4% |
| Accrued charges and deferred income | 492/3 | €2,918 | €5,379 | +€2,461 | +84.3% |
| Non-recurring operating income | 76A | €7 | - | -€7 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,255 | €85,255 | = | 0.0% |
| Other operating charges | 640/8 | €14,042 | €15,750 | +€1,708 | +12.2% |
| Non-recurring operating charges | 66A | €20 | - | -€20 | |
| Gross operating margin | 9900 | €66,828 | €72,042 | +€5,214 | +7.8% |
| Operating profit (loss) | 9901 | -€32,489 | -€28,963 | +€3,526 | +10.9% |
| Financial income | 75/76B | €79 | €71 | -€8 | -10.2% |
| Recurring financial income | 75 | €79 | €71 | -€8 | -10.2% |
| Financial charges | 65/66B | €6,034 | €7,382 | +€1,348 | +22.3% |
| Recurring financial charges | 65 | €6,034 | €7,382 | +€1,348 | +22.3% |
| Profit (loss) for the period before taxes | 9903 | -€38,444 | -€36,274 | +€2,170 | +5.6% |
| Income taxes | 67/77 | €325 | €21 | -€303 | -93.5% |
| Profit (loss) for the period | 9904 | -€38,768 | -€36,295 | +€2,473 | +6.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,768 | -€36,295 | +€2,473 | +6.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.