LIPPENS LOGISTICS: 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 LOGISTICS
Largest movements
- Receivables within one year -€60,123
down €60,123 (-47.2%), from €127,269 to €67,146
of which Trade receivables: -€71,361
- Tangible fixed assets -€51,798
down €51,798 (-41.0%), from €126,203 to €74,405
of which Leasing and similar rights: -€50,914
- Trade debts -€79,709
down €79,709 (-94.1%), from €84,671 to €4,962
- Debts after one year -€52,825
down €52,825 (-70.2%), from €75,206 to €22,381
- Reserves +€25,000
up €25,000 (+50.0%), from €50,000 to €75,000
- Gross operating margin -€12,780
down €12,780 (-5.1%), from €252,784 to €240,004
- Staff costs +€4,017
up €4,017 (+3.1%), from €130,501 to €134,518
- Taxes -€3,542
down €3,542 (-29.0%), from €12,221 to €8,679
- Other operating charges -€3,433
down €3,433 (-16.2%), from €21,160 to €17,727
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 | €289,725 | €180,423 | -€109,302 | -37.7% |
| Fixed assets | 21/28 | €126,608 | €74,810 | -€51,798 | -40.9% |
| Tangible fixed assets | 22/27 | €126,203 | €74,405 | -€51,798 | -41.0% |
| Furniture and vehicles | 24 | €2,056 | €1,172 | -€884 | -43.0% |
| Leasing and similar rights | 25 | €124,147 | €73,233 | -€50,914 | -41.0% |
| Financial fixed assets | 28 | €405 | €405 | = | 0.0% |
| Current assets | 29/58 | €163,117 | €105,613 | -€57,503 | -35.3% |
| Amounts receivable within one year | 40/41 | €127,269 | €67,146 | -€60,123 | -47.2% |
| Trade receivables | 40 | €122,848 | €51,487 | -€71,361 | -58.1% |
| Other amounts receivable | 41 | €4,421 | €15,659 | +€11,238 | +254% |
| Cash at bank and in hand | 54/58 | €35,751 | €38,368 | +€2,617 | +7.3% |
| Deferred charges and accrued income | 490/1 | €97 | €100 | +€3 | +3.1% |
| Total equity and liabilities | 10/49 | €289,725 | €180,423 | -€109,302 | -37.7% |
| Equity | 10/15 | €61,525 | €85,366 | +€23,842 | +38.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €50,000 | €75,000 | +€25,000 | +50.0% |
| Distributable reserves | 133 | €50,000 | €75,000 | +€25,000 | +50.0% |
| Profit (loss) carried forward | 14 | €1,525 | €366 | -€1,158 | -76.0% |
| Amounts payable | 17/49 | €228,200 | €95,057 | -€133,143 | -58.3% |
| Amounts payable after more than one year | 17 | €75,206 | €22,381 | -€52,825 | -70.2% |
| Financial debts | 170/4 | €75,206 | €22,381 | -€52,825 | -70.2% |
| Amounts payable within one year | 42/48 | €152,554 | €72,503 | -€80,051 | -52.5% |
| Current portion of amounts payable after more than one year | 42 | €51,592 | €52,825 | +€1,233 | +2.4% |
| Trade debts | 44 | €84,671 | €4,962 | -€79,709 | -94.1% |
| Suppliers | 440/4 | €84,671 | €4,962 | -€79,709 | -94.1% |
| Taxes, remuneration and social security | 45 | €16,291 | €14,716 | -€1,575 | -9.7% |
| Taxes | 450/3 | €2,718 | €327 | -€2,391 | -88.0% |
| Remuneration and social security | 454/9 | €13,573 | €14,389 | +€816 | +6.0% |
| Accrued charges and deferred income | 492/3 | €439 | €173 | -€267 | -60.7% |
| Remuneration, social security and pensions | 62 | €130,501 | €134,518 | +€4,017 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,798 | €51,798 | = | 0.0% |
| Other operating charges | 640/8 | €21,160 | €17,727 | -€3,433 | -16.2% |
| Gross operating margin | 9900 | €252,784 | €240,004 | -€12,780 | -5.1% |
| Operating profit (loss) | 9901 | €49,325 | €35,961 | -€13,365 | -27.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €4,181 | €3,440 | -€740 | -17.7% |
| Recurring financial charges | 65 | €4,181 | €3,440 | -€740 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | €45,145 | €32,520 | -€12,624 | -28.0% |
| Income taxes | 67/77 | €12,221 | €8,679 | -€3,542 | -29.0% |
| Profit (loss) for the period | 9904 | €32,924 | €23,842 | -€9,082 | -27.6% |
| Profit (loss) for the period to be appropriated | 9905 | €32,924 | €23,842 | -€9,082 | -27.6% |
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 25 October 2026 via checked.be.