Lippens Investering: 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 Investering
Largest movements
- Tangible fixed assets -€12,190
down €12,190 (-5.5%), from €223,660 to €211,470
of which Furniture and vehicles: -€37,117
- Receivables within one year +€10,700
up €10,700 (+5,631%), from €190 to €10,890
of which Trade receivables: +€10,713
- Debts after one year -€14,864
down €14,864 (-12.4%), from €119,425 to €104,561
- Tax, wage and social debts +€13,428
up €13,428 (+141%), from €9,515 to €22,943
of which Taxes: +€10,604
- Taxes -€14,176
no longer reported in 2025 (was €14,176)
- Depreciation +€3,273
up €3,273 (+36.7%), from €8,918 to €12,191
- Gross operating margin +€1,807
up €1,807 (+2.7%), from €67,731 to €69,538
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 | €258,991 | €258,105 | -€886 | -0.3% |
| Fixed assets | 21/28 | €223,660 | €211,470 | -€12,190 | -5.5% |
| Tangible fixed assets | 22/27 | €223,660 | €211,470 | -€12,190 | -5.5% |
| Land and buildings | 22 | €186,544 | €182,867 | -€3,677 | -2.0% |
| Furniture and vehicles | 24 | €37,117 | - | -€37,117 | |
| Leasing and similar rights | 25 | - | €28,603 | +€28,603 | |
| Current assets | 29/58 | €35,331 | €46,635 | +€11,304 | +32.0% |
| Amounts receivable within one year | 40/41 | €190 | €10,890 | +€10,700 | +5,631% |
| Trade receivables | 40 | €177 | €10,890 | +€10,713 | +6,041% |
| Other amounts receivable | 41 | €13 | - | -€13 | |
| Cash at bank and in hand | 54/58 | €33,992 | €34,981 | +€989 | +2.9% |
| Deferred charges and accrued income | 490/1 | €1,149 | €764 | -€385 | -33.5% |
| Total equity and liabilities | 10/49 | €258,991 | €258,105 | -€886 | -0.3% |
| Equity | 10/15 | €113,662 | €113,394 | -€268 | -0.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Revaluation surpluses | 12 | €7,746 | €7,746 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €100,916 | €100,648 | -€268 | -0.3% |
| Amounts payable | 17/49 | €145,329 | €144,711 | -€618 | -0.4% |
| Amounts payable after more than one year | 17 | €119,425 | €104,561 | -€14,864 | -12.4% |
| Financial debts | 170/4 | €119,425 | €104,561 | -€14,864 | -12.4% |
| Amounts payable within one year | 42/48 | €25,069 | €39,301 | +€14,232 | +56.8% |
| Current portion of amounts payable after more than one year | 42 | €14,673 | €14,862 | +€189 | +1.3% |
| Trade debts | 44 | €312 | - | -€312 | |
| Suppliers | 440/4 | €312 | - | -€312 | |
| Taxes, remuneration and social security | 45 | €9,515 | €22,943 | +€13,428 | +141% |
| Taxes | 450/3 | €9,515 | €20,119 | +€10,604 | +111% |
| Remuneration and social security | 454/9 | - | €2,824 | +€2,824 | |
| Other amounts payable | 47/48 | €570 | €1,496 | +€926 | +162% |
| Accrued charges and deferred income | 492/3 | €835 | €849 | +€14 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,918 | €12,191 | +€3,273 | +36.7% |
| Other operating charges | 640/8 | €1,633 | €1,597 | -€36 | -2.2% |
| Gross operating margin | 9900 | €67,731 | €69,538 | +€1,807 | +2.7% |
| Operating profit (loss) | 9901 | €57,180 | €55,750 | -€1,430 | -2.5% |
| Financial income | 75/76B | €368 | €410 | +€42 | +11.4% |
| Recurring financial income | 75 | €368 | €410 | +€42 | +11.4% |
| Financial charges | 65/66B | €1,932 | €1,740 | -€192 | -9.9% |
| Recurring financial charges | 65 | €1,932 | €1,740 | -€192 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €55,617 | €54,420 | -€1,197 | -2.2% |
| Transfer to deferred taxes | 680 | - | €14,689 | +€14,689 | |
| Income taxes | 67/77 | €14,176 | - | -€14,176 | |
| Profit (loss) for the period | 9904 | €41,441 | €39,731 | -€1,710 | -4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €41,441 | €39,731 | -€1,710 | -4.1% |
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 14 October 2026 via checked.be.