Lippens - Van Loock: 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 - Van Loock
Largest movements
- Current investments -€1.6m
down €1.6m (-100%), from €1.6m to €0
- Stocks and contracts -€487,974
down €487,974 (-12.0%), from €4.1m to €3.6m
- Receivables within one year -€374,695
down €374,695 (-70.4%), from €532,236 to €157,541
of which Trade receivables: -€375,603
- Other debts -€2.5m
down €2.5m (-36.9%), from €6.9m to €4.3m
- Reserves +€125,808
up €125,808 (+33.8%), from €371,681 to €497,489
- Gross operating margin -€113,024
down €113,024 (-35.9%), from €314,858 to €201,834
- Taxes -€33,539
down €33,539 (-44.4%), from €75,614 to €42,075
- Financial income -€12,104
down €12,104 (-54.0%), from €22,402 to €10,298
- Other operating charges +€9,198
up €9,198 (+463%), from €1,987 to €11,185
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 | €7,268,196 | €4,857,462 | -€2.4m | -33.2% |
| Current assets | 29/58 | €7,268,196 | €4,857,462 | -€2.4m | -33.2% |
| Stocks and contracts in progress | 3 | €4,059,704 | €3,571,730 | -€487,974 | -12.0% |
| Stocks | 30/36 | €4,059,704 | €3,571,730 | -€487,974 | -12.0% |
| Amounts receivable within one year | 40/41 | €532,236 | €157,541 | -€374,695 | -70.4% |
| Trade receivables | 40 | €531,130 | €155,528 | -€375,603 | -70.7% |
| Other amounts receivable | 41 | €1,106 | €2,014 | +€908 | +82.0% |
| Current investments | 50/53 | €1,600,000 | €0 | -€1.6m | -100% |
| Cash at bank and in hand | 54/58 | €1,068,176 | €1,128,190 | +€60,014 | +5.6% |
| Deferred charges and accrued income | 490/1 | €8,080 | €0 | -€8,080 | -100% |
| Total equity and liabilities | 10/49 | €7,268,196 | €4,857,462 | -€2.4m | -33.2% |
| Equity | 10/15 | €390,281 | €516,089 | +€125,808 | +32.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €371,681 | €497,489 | +€125,808 | +33.8% |
| Distributable reserves | 133 | €371,681 | €497,489 | +€125,808 | +33.8% |
| Amounts payable | 17/49 | €6,877,915 | €4,341,373 | -€2.5m | -36.9% |
| Amounts payable within one year | 42/48 | €6,877,915 | €4,341,373 | -€2.5m | -36.9% |
| Trade debts | 44 | €126 | €0 | -€126 | -100% |
| Suppliers | 440/4 | €126 | €0 | -€126 | -100% |
| Other amounts payable | 47/48 | €6,877,789 | €4,341,373 | -€2.5m | -36.9% |
| Other operating charges | 640/8 | €1,987 | €11,185 | +€9,198 | +463% |
| Gross operating margin | 9900 | €314,858 | €201,834 | -€113,024 | -35.9% |
| Operating profit (loss) | 9901 | €312,871 | €190,649 | -€122,222 | -39.1% |
| Financial income | 75/76B | €22,402 | €10,298 | -€12,104 | -54.0% |
| Recurring financial income | 75 | €22,402 | €10,298 | -€12,104 | -54.0% |
| Financial charges | 65/66B | €34,653 | €33,064 | -€1,589 | -4.6% |
| Recurring financial charges | 65 | €34,653 | €33,064 | -€1,589 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €300,621 | €167,883 | -€132,737 | -44.2% |
| Income taxes | 67/77 | €75,614 | €42,075 | -€33,539 | -44.4% |
| Profit (loss) for the period | 9904 | €225,006 | €125,808 | -€99,199 | -44.1% |
| Profit (loss) for the period to be appropriated | 9905 | €225,006 | €125,808 | -€99,199 | -44.1% |
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 30 October 2026 via checked.be.