LIPPENS GERT: 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 GERT
Largest movements
- Cash +€46,120
up €46,120 (+327%), from €14,095 to €60,215
mainly Receivables within one year (+€40,463) and Net result for the year (+€11,625)
- Receivables within one year -€40,463
down €40,463 (-52.0%), from €77,800 to €37,338
of which Trade receivables: -€44,716
- Tangible fixed assets -€3,751
down €3,751 (-13.8%), from €27,104 to €23,354
of which Furniture and vehicles: -€5,535
- Deferred charges and accrued income -€1,600
down €1,600 (-94.1%), from €1,699 to €100
- Tax, wage and social debts +€3,416
up €3,416 (+204%), from €1,673 to €5,090
- Reserves -€3,375
down €3,375 (-3.1%), from €108,922 to €105,547
- Accrued charges and deferred income +€1,836
new in 2025: €1,836
- Trade debts -€1,570
down €1,570 (-40.2%), from €3,904 to €2,334
- Gross operating margin -€7,855
down €7,855 (-19.9%), from €39,464 to €31,609
- Depreciation +€2,706
up €2,706 (+40.4%), from €6,700 to €9,406
- Taxes -€1,310
down €1,310 (-16.9%), from €7,771 to €6,462
- Other operating charges +€405
up €405 (+11.9%), from €3,399 to €3,804
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.
Derived cash bridge
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 | €120,699 | €121,007 | +€308 | +0.3% |
| Fixed assets | 21/28 | €27,104 | €23,354 | -€3,751 | -13.8% |
| Tangible fixed assets | 22/27 | €27,104 | €23,354 | -€3,751 | -13.8% |
| Plant, machinery and equipment | 23 | €5,555 | €7,339 | +€1,784 | +32.1% |
| Furniture and vehicles | 24 | €21,549 | €16,015 | -€5,535 | -25.7% |
| Current assets | 29/58 | €93,595 | €97,653 | +€4,058 | +4.3% |
| Amounts receivable within one year | 40/41 | €77,800 | €37,338 | -€40,463 | -52.0% |
| Trade receivables | 40 | €50,686 | €5,970 | -€44,716 | -88.2% |
| Other amounts receivable | 41 | €27,115 | €31,367 | +€4,253 | +15.7% |
| Cash at bank and in hand | 54/58 | €14,095 | €60,215 | +€46,120 | +327% |
| Deferred charges and accrued income | 490/1 | €1,699 | €100 | -€1,600 | -94.1% |
| Total equity and liabilities | 10/49 | €120,699 | €121,007 | +€308 | +0.3% |
| Equity | 10/15 | €115,122 | €111,747 | -€3,375 | -2.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €108,922 | €105,547 | -€3,375 | -3.1% |
| Distributable reserves | 133 | €108,922 | €105,547 | -€3,375 | -3.1% |
| Amounts payable | 17/49 | €5,577 | €9,260 | +€3,682 | +66.0% |
| Amounts payable within one year | 42/48 | €5,577 | €7,424 | +€1,847 | +33.1% |
| Trade debts | 44 | €3,904 | €2,334 | -€1,570 | -40.2% |
| Suppliers | 440/4 | €3,904 | €2,334 | -€1,570 | -40.2% |
| Taxes, remuneration and social security | 45 | €1,673 | €5,090 | +€3,416 | +204% |
| Taxes | 450/3 | €1,673 | €5,090 | +€3,416 | +204% |
| Accrued charges and deferred income | 492/3 | - | €1,836 | +€1,836 | |
| Non-recurring operating income | 76A | €44,492 | €393 | -€44,099 | -99.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,700 | €9,406 | +€2,706 | +40.4% |
| Other operating charges | 640/8 | €3,399 | €3,804 | +€405 | +11.9% |
| Non-recurring operating charges | 66A | €11,775 | - | -€11,775 | |
| Gross operating margin | 9900 | €39,464 | €31,609 | -€7,855 | -19.9% |
| Operating profit (loss) | 9901 | €17,590 | €18,399 | +€809 | +4.6% |
| Financial income | 75/76B | €29 | €45 | +€16 | +55.1% |
| Recurring financial income | 75 | €29 | €45 | +€16 | +55.1% |
| Financial charges | 65/66B | €191 | €357 | +€166 | +86.9% |
| Recurring financial charges | 65 | €191 | €357 | +€166 | +86.9% |
| Profit (loss) for the period before taxes | 9903 | €17,428 | €18,087 | +€658 | +3.8% |
| Income taxes | 67/77 | €7,771 | €6,462 | -€1,310 | -16.9% |
| Profit (loss) for the period | 9904 | €9,657 | €11,625 | +€1,968 | +20.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,657 | €11,625 | +€1,968 | +20.4% |
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 1 November 2026 via checked.be.