Lippens Manuel: 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 Manuel
Largest movements
- Cash +€46,093
up €46,093 (+489%), from €9,435 to €55,528
mainly Net result for the year (+€38,136) and Tax, wage and social debts (+€8,661)
- Tangible fixed assets +€1,305
new in 2025: €1,305
- Reserves +€38,136
up €38,136 (+4,482%), from €851 to €38,987
- Tax, wage and social debts +€8,661
up €8,661 (+228%), from €3,802 to €12,463
- Other debts +€2,898
new in 2025: €2,898
- Trade debts -€2,396
down €2,396 (-73.2%), from €3,275 to €878
- Gross operating margin +€46,305
up €46,305 (+1,486%), from €3,117 to €49,421
- Taxes +€9,432
up €9,432 (+1,475%), from €640 to €10,072
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 | €9,653 | €57,051 | +€47,398 | +491% |
| Fixed assets | 21/28 | €95 | €1,401 | +€1,305 | +1,370% |
| Tangible fixed assets | 22/27 | - | €1,305 | +€1,305 | |
| Furniture and vehicles | 24 | - | €1,305 | +€1,305 | |
| Financial fixed assets | 28 | €95 | €95 | = | 0.0% |
| Current assets | 29/58 | €9,558 | €55,651 | +€46,093 | +482% |
| Amounts receivable within one year | 40/41 | €122 | €122 | = | 0.0% |
| Other amounts receivable | 41 | €122 | €122 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €9,435 | €55,528 | +€46,093 | +489% |
| Total equity and liabilities | 10/49 | €9,653 | €57,051 | +€47,398 | +491% |
| Equity | 10/15 | €1,151 | €39,287 | +€38,136 | +3,313% |
| Contributions | 10/11 | €300 | €300 | = | 0.0% |
| Reserves | 13 | €851 | €38,987 | +€38,136 | +4,482% |
| Distributable reserves | 133 | €851 | €38,987 | +€38,136 | +4,482% |
| Amounts payable | 17/49 | €8,502 | €17,764 | +€9,262 | +109% |
| Amounts payable within one year | 42/48 | €7,077 | €16,239 | +€9,162 | +129% |
| Trade debts | 44 | €3,275 | €878 | -€2,396 | -73.2% |
| Suppliers | 440/4 | €3,275 | €878 | -€2,396 | -73.2% |
| Taxes, remuneration and social security | 45 | €3,802 | €12,463 | +€8,661 | +228% |
| Taxes | 450/3 | €3,802 | €12,463 | +€8,661 | +228% |
| Other amounts payable | 47/48 | - | €2,898 | +€2,898 | |
| Accrued charges and deferred income | 492/3 | €1,425 | €1,525 | +€100 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,055 | €608 | -€447 | -42.3% |
| Other operating charges | 640/8 | €523 | €465 | -€57 | -11.0% |
| Gross operating margin | 9900 | €3,117 | €49,421 | +€46,305 | +1,486% |
| Operating profit (loss) | 9901 | €1,539 | €48,348 | +€46,809 | +3,041% |
| Financial charges | 65/66B | €49 | €140 | +€91 | +188% |
| Recurring financial charges | 65 | €49 | €140 | +€91 | +188% |
| Profit (loss) for the period before taxes | 9903 | €1,490 | €48,208 | +€46,717 | +3,134% |
| Income taxes | 67/77 | €640 | €10,072 | +€9,432 | +1,475% |
| Profit (loss) for the period | 9904 | €851 | €38,136 | +€37,285 | +4,382% |
| Profit (loss) for the period to be appropriated | 9905 | €851 | €38,136 | +€37,285 | +4,382% |
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 19 October 2026 via checked.be.