LIPPENS: 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.
LIPPENS
Largest movements
- Cash +€79,071
up €79,071 (+83.6%), from €94,565 to €173,636
mainly Net result for the year (+€96,256) and Depreciation (+€10,223)
- Reserves +€96,256
up €96,256 (+13.8%), from €695,849 to €792,105
of which Distributable reserves: +€96,256
- Debts after one year -€32,117
down €32,117 (-13.6%), from €236,538 to €204,421
- Gross operating margin +€7,411
up €7,411 (+5.1%), from €145,132 to €152,544
- Taxes +€2,659
up €2,659 (+7.3%), from €36,416 to €39,074
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 | €1,043,328 | €1,109,596 | +€66,268 | +6.4% |
| Fixed assets | 21/28 | €939,505 | €929,282 | -€10,223 | -1.1% |
| Tangible fixed assets | 22/27 | €439,505 | €429,282 | -€10,223 | -2.3% |
| Land and buildings | 22 | €439,505 | €429,282 | -€10,223 | -2.3% |
| Financial fixed assets | 28 | €500,000 | €500,000 | = | 0.0% |
| Current assets | 29/58 | €103,823 | €180,314 | +€76,492 | +73.7% |
| Amounts receivable within one year | 40/41 | €3,115 | €470 | -€2,645 | -84.9% |
| Other amounts receivable | 41 | €3,115 | €470 | -€2,645 | -84.9% |
| Cash at bank and in hand | 54/58 | €94,565 | €173,636 | +€79,071 | +83.6% |
| Deferred charges and accrued income | 490/1 | €6,142 | €6,208 | +€66 | +1.1% |
| Total equity and liabilities | 10/49 | €1,043,328 | €1,109,596 | +€66,268 | +6.4% |
| Equity | 10/15 | €754,037 | €850,293 | +€96,256 | +12.8% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €695,849 | €792,105 | +€96,256 | +13.8% |
| 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 | €693,989 | €790,245 | +€96,256 | +13.9% |
| Profit (loss) carried forward | 14 | €51,688 | €51,688 | = | 0.0% |
| Amounts payable | 17/49 | €289,290 | €259,303 | -€29,987 | -10.4% |
| Amounts payable after more than one year | 17 | €236,538 | €204,421 | -€32,117 | -13.6% |
| Financial debts | 170/4 | €236,538 | €204,421 | -€32,117 | -13.6% |
| Amounts payable within one year | 42/48 | €52,753 | €54,882 | +€2,130 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €31,736 | €32,117 | +€381 | +1.2% |
| Financial debts | 43 | €10,146 | €10,152 | +€6 | +0.1% |
| Credit institutions | 430/8 | €10,146 | €10,152 | +€6 | +0.1% |
| Trade debts | 44 | €107 | €120 | +€13 | +12.0% |
| Suppliers | 440/4 | €107 | €120 | +€13 | +12.0% |
| Taxes, remuneration and social security | 45 | €9,062 | €9,712 | +€650 | +7.2% |
| Taxes | 450/3 | €9,062 | €7,666 | -€1,396 | -15.4% |
| Remuneration and social security | 454/9 | €0 | €2,046 | +€2,046 | |
| Other amounts payable | 47/48 | €1,701 | €2,781 | +€1,080 | +63.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,223 | €10,223 | +€0 | 0.0% |
| Other operating charges | 640/8 | €3,249 | €3,339 | +€90 | +2.8% |
| Gross operating margin | 9900 | €145,132 | €152,544 | +€7,411 | +5.1% |
| Operating profit (loss) | 9901 | €131,660 | €138,981 | +€7,322 | +5.6% |
| Financial income | 75/76B | €38 | €383 | +€345 | +910.6% |
| Recurring financial income | 75 | €38 | €383 | +€345 | +910.6% |
| Financial charges | 65/66B | €4,659 | €4,034 | -€625 | -13.4% |
| Recurring financial charges | 65 | €4,659 | €4,034 | -€625 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €127,039 | €135,330 | +€8,291 | +6.5% |
| Income taxes | 67/77 | €36,416 | €39,074 | +€2,659 | +7.3% |
| Profit (loss) for the period | 9904 | €90,623 | €96,256 | +€5,633 | +6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €90,623 | €96,256 | +€5,633 | +6.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.