Lippens N Management: 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 N Management
Largest movements
- Receivables within one year +€31,768
up €31,768 (+88.4%), from €35,951 to €67,718
of which Trade receivables: +€33,678
- Deferred charges and accrued income +€20,984
up €20,984 (+696%), from €3,013 to €23,997
- Current investments +€9,719
new in 2025: €9,719
- Cash -€6,166
down €6,166 (-14.6%), from €42,266 to €36,100
mainly Contributions, distributions and other (-€79,659) and Receivables within one year (-€31,768)
- Debts after one year +€79,447
new in 2025: €79,447
- Reserves -€41,216
down €41,216 (-51.7%), from €79,659 to €38,443
- Accrued charges and deferred income +€18,066
up €18,066 (+6,570%), from €275 to €18,341
- Short-term financial debts -€7,057
no longer reported in 2025 (was €7,057)
- Tax, wage and social debts +€4,929
up €4,929 (+130%), from €3,798 to €8,727
- Gross operating margin +€25,509
up €25,509 (+55.2%), from €46,224 to €71,733
- Taxes +€1,869
up €1,869 (+18.5%), from €10,089 to €11,959
- Other operating charges +€750
up €750 (+110%), from €684 to €1,434
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 | €93,667 | €148,789 | +€55,122 | +58.8% |
| Fixed assets | 21/28 | €12,059 | €11,255 | -€804 | -6.7% |
| Tangible fixed assets | 22/27 | €11,809 | €11,005 | -€804 | -6.8% |
| Furniture and vehicles | 24 | €9,265 | €8,739 | -€526 | -5.7% |
| Other tangible fixed assets | 26 | €2,543 | €2,266 | -€278 | -10.9% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €81,608 | €137,534 | +€55,926 | +68.5% |
| Amounts receivable after more than one year | 29 | €378 | - | -€378 | |
| Other amounts receivable | 291 | €378 | - | -€378 | |
| Amounts receivable within one year | 40/41 | €35,951 | €67,718 | +€31,768 | +88.4% |
| Trade receivables | 40 | €34,040 | €67,718 | +€33,678 | +98.9% |
| Other amounts receivable | 41 | €1,911 | - | -€1,911 | |
| Current investments | 50/53 | - | €9,719 | +€9,719 | |
| Cash at bank and in hand | 54/58 | €42,266 | €36,100 | -€6,166 | -14.6% |
| Deferred charges and accrued income | 490/1 | €3,013 | €23,997 | +€20,984 | +696% |
| Total equity and liabilities | 10/49 | €93,667 | €148,789 | +€55,122 | +58.8% |
| Equity | 10/15 | €81,159 | €39,943 | -€41,216 | -50.8% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €79,659 | €38,443 | -€41,216 | -51.7% |
| Distributable reserves | 133 | €79,659 | €38,443 | -€41,216 | -51.7% |
| Amounts payable | 17/49 | €12,507 | €108,846 | +€96,338 | +770% |
| Amounts payable after more than one year | 17 | - | €79,447 | +€79,447 | |
| Other amounts payable | 178/9 | - | €79,447 | +€79,447 | |
| Amounts payable within one year | 42/48 | €12,232 | €11,058 | -€1,175 | -9.6% |
| Financial debts | 43 | €7,057 | - | -€7,057 | |
| Credit institutions | 430/8 | €7,057 | - | -€7,057 | |
| Trade debts | 44 | €1,377 | €2,331 | +€954 | +69.3% |
| Suppliers | 440/4 | €1,377 | €2,331 | +€954 | +69.3% |
| Taxes, remuneration and social security | 45 | €3,798 | €8,727 | +€4,929 | +130% |
| Taxes | 450/3 | €3,798 | €8,727 | +€4,929 | +130% |
| Accrued charges and deferred income | 492/3 | €275 | €18,341 | +€18,066 | +6,570% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,745 | €1,941 | +€196 | +11.2% |
| Other operating charges | 640/8 | €684 | €1,434 | +€750 | +110% |
| Non-recurring operating charges | 66A | - | €17,586 | +€17,586 | |
| Gross operating margin | 9900 | €46,224 | €71,733 | +€25,509 | +55.2% |
| Operating profit (loss) | 9901 | €43,795 | €50,772 | +€6,977 | +15.9% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €544 | €372 | -€172 | -31.6% |
| Recurring financial charges | 65 | €544 | €372 | -€172 | -31.6% |
| Profit (loss) for the period before taxes | 9903 | €43,250 | €50,402 | +€7,151 | +16.5% |
| Income taxes | 67/77 | €10,089 | €11,959 | +€1,869 | +18.5% |
| Profit (loss) for the period | 9904 | €33,161 | €38,443 | +€5,282 | +15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €33,161 | €38,443 | +€5,282 | +15.9% |
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 31 October 2026 via checked.be.