LIPPINOIS AF: 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.
LIPPINOIS AF
Largest movements
- Cash -€76,690
down €76,690 (-35.5%), from €216,214 to €139,523
mainly Net result for the year (-€92,093) and Debts after one year (-€36,445)
- Receivables within one year -€58,629
down €58,629 (-87.9%), from €66,689 to €8,060
of which Trade receivables: -€57,084
- Tangible fixed assets -€22,738
down €22,738 (-14.0%), from €161,970 to €139,232
of which Land and buildings: -€14,360
- Profit (loss) carried forward -€92,093
down €92,093 (-41.5%), from €221,865 to €129,772
- Debts after one year -€36,445
down €36,445 (-30.5%), from €119,557 to €83,113
- Tax, wage and social debts -€16,373
down €16,373 (-92.1%), from €17,771 to €1,397
of which Remuneration and social security: -€8,677
- Trade debts -€15,923
down €15,923 (-92.9%), from €17,139 to €1,215
- Gross operating margin -€405,628
down €405,628, from €343,310 to -€62,318
- Taxes -€71,336
down €71,336 (-99.6%), from €71,633 to €297
- Staff costs -€14,519
down €14,519 (-100%), from €14,519 to €0
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 | €446,034 | €288,027 | -€158,006 | -35.4% |
| Fixed assets | 21/28 | €161,970 | €139,232 | -€22,738 | -14.0% |
| Tangible fixed assets | 22/27 | €161,970 | €139,232 | -€22,738 | -14.0% |
| Land and buildings | 22 | €133,246 | €118,886 | -€14,360 | -10.8% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €28,724 | €20,347 | -€8,378 | -29.2% |
| Current assets | 29/58 | €284,064 | €148,795 | -€135,269 | -47.6% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €66,689 | €8,060 | -€58,629 | -87.9% |
| Trade receivables | 40 | €64,093 | €7,009 | -€57,084 | -89.1% |
| Other amounts receivable | 41 | €2,595 | €1,050 | -€1,545 | -59.5% |
| Cash at bank and in hand | 54/58 | €216,214 | €139,523 | -€76,690 | -35.5% |
| Deferred charges and accrued income | 490/1 | €1,162 | €1,212 | +€50 | +4.3% |
| Total equity and liabilities | 10/49 | €446,034 | €288,027 | -€158,006 | -35.4% |
| Equity | 10/15 | €255,951 | €163,858 | -€92,093 | -36.0% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €3,099 | €3,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | €221,865 | €129,772 | -€92,093 | -41.5% |
| Amounts payable | 17/49 | €190,083 | €124,170 | -€65,913 | -34.7% |
| Amounts payable after more than one year | 17 | €119,557 | €83,113 | -€36,445 | -30.5% |
| Financial debts | 170/4 | €119,557 | €83,113 | -€36,445 | -30.5% |
| Amounts payable within one year | 42/48 | €70,526 | €39,057 | -€31,469 | -44.6% |
| Current portion of amounts payable after more than one year | 42 | €35,616 | €36,445 | +€828 | +2.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €17,139 | €1,215 | -€15,923 | -92.9% |
| Suppliers | 440/4 | €17,139 | €1,215 | -€15,923 | -92.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €17,771 | €1,397 | -€16,373 | -92.1% |
| Taxes | 450/3 | €9,094 | €1,397 | -€7,696 | -84.6% |
| Remuneration and social security | 454/9 | €8,677 | €0 | -€8,677 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | €2,000 | +€2,000 | |
| Non-recurring operating income | 76A | €34,475 | €0 | -€34,475 | -100% |
| Remuneration, social security and pensions | 62 | €14,519 | €0 | -€14,519 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,300 | €22,738 | +€438 | +2.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €3,889 | €3,255 | -€635 | -16.3% |
| Gross operating margin | 9900 | €343,310 | -€62,318 | -€405,628 | |
| Operating profit (loss) | 9901 | €302,603 | -€88,311 | -€390,913 | |
| Financial income | 75/76B | €1 | €1 | +€0 | +2.4% |
| Recurring financial income | 75 | €1 | €1 | +€0 | +2.4% |
| Financial charges | 65/66B | €5,540 | €3,486 | -€2,054 | -37.1% |
| Recurring financial charges | 65 | €5,540 | €3,486 | -€2,054 | -37.1% |
| Profit (loss) for the period before taxes | 9903 | €297,063 | -€91,796 | -€388,859 | |
| Income taxes | 67/77 | €71,633 | €297 | -€71,336 | -99.6% |
| Profit (loss) for the period | 9904 | €225,431 | -€92,093 | -€317,524 | |
| Profit (loss) for the period to be appropriated | 9905 | €225,431 | -€92,093 | -€317,524 |
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.