LIPO: 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.
LIPO
Largest movements
- Receivables within one year +€35,270
up €35,270 (+211.2%), from €16,702 to €51,972
of which Trade receivables: +€34,193
- Tangible fixed assets -€1,147
down €1,147 (-13.2%), from €8,695 to €7,548
of which Plant, machinery and equipment: -€1,808
- Cash +€759
up €759 (+190.7%), from €398 to €1,156
mainly Other debts (+€28,552) and Net result for the year (+€5,031)
- Other debts +€28,552
up €28,552 (+144.5%), from €19,754 to €48,306
- Profit (loss) carried forward +€5,031
up €5,031 (+19.1%), from -€26,407 to -€21,376
- Trade debts +€976
up €976 (+3.7%), from €26,373 to €27,349
- Purchases and services -€119,525
down €119,525 (-55.6%), from €214,944 to €95,420
- Gross operating margin +€27,195
up €27,195, from -€15,901 to €11,294
- Staff costs -€2,791
no longer reported in 2024 (was €2,791)
- Financial charges -€1,326
down €1,326 (-40.0%), from €3,311 to €1,985
- Depreciation -€614
down €614 (-19.2%), from €3,195 to €2,581
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 | €25,794 | €60,676 | +€34,882 | +135.2% |
| Fixed assets | 21/28 | €8,695 | €7,548 | -€1,147 | -13.2% |
| Tangible fixed assets | 22/27 | €8,695 | €7,548 | -€1,147 | -13.2% |
| Plant, machinery and equipment | 23 | €6,529 | €4,721 | -€1,808 | -27.7% |
| Furniture and vehicles | 24 | - | €1,161 | +€1,161 | |
| Other tangible fixed assets | 26 | €2,166 | €1,666 | -€500 | -23.1% |
| Current assets | 29/58 | €17,100 | €53,128 | +€36,028 | +210.7% |
| Amounts receivable within one year | 40/41 | €16,702 | €51,972 | +€35,270 | +211.2% |
| Trade receivables | 40 | €16,702 | €50,895 | +€34,193 | +204.7% |
| Other amounts receivable | 41 | - | €1,077 | +€1,077 | |
| Cash at bank and in hand | 54/58 | €398 | €1,156 | +€759 | +190.7% |
| Total equity and liabilities | 10/49 | €25,794 | €60,676 | +€34,882 | +135.2% |
| Equity | 10/15 | -€23,407 | -€18,376 | +€5,031 | +21.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,407 | -€21,376 | +€5,031 | +19.1% |
| Amounts payable | 17/49 | €49,201 | €79,052 | +€29,851 | +60.7% |
| Amounts payable within one year | 42/48 | €49,201 | €79,052 | +€29,851 | +60.7% |
| Trade debts | 44 | €26,373 | €27,349 | +€976 | +3.7% |
| Suppliers | 440/4 | €26,373 | €27,349 | +€976 | +3.7% |
| Taxes, remuneration and social security | 45 | €3,075 | €3,398 | +€323 | +10.5% |
| Taxes | 450/3 | €2,738 | €3,061 | +€323 | +11.8% |
| Remuneration and social security | 454/9 | €337 | €337 | = | 0.0% |
| Other amounts payable | 47/48 | €19,754 | €48,306 | +€28,552 | +144.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €214,944 | €95,420 | -€119,525 | -55.6% |
| Remuneration, social security and pensions | 62 | €2,791 | - | -€2,791 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,195 | €2,581 | -€614 | -19.2% |
| Other operating charges | 640/8 | €1,209 | €1,699 | +€490 | +40.5% |
| Gross operating margin | 9900 | -€15,901 | €11,294 | +€27,195 | |
| Operating profit (loss) | 9901 | -€23,096 | €7,014 | +€30,110 | |
| Financial income | 75/76B | €0 | €2 | +€2 | +770.0% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +770.0% |
| Financial charges | 65/66B | €3,311 | €1,985 | -€1,326 | -40.0% |
| Recurring financial charges | 65 | €3,311 | €1,985 | -€1,326 | -40.0% |
| Profit (loss) for the period before taxes | 9903 | -€26,407 | €5,031 | +€31,438 | |
| Profit (loss) for the period | 9904 | -€26,407 | €5,031 | +€31,438 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,407 | €5,031 | +€31,438 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.