LIPRO: what changed
Two fiscal 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.
LIPRO
Largest movements
- Tangible fixed assets +€239,480
up €239,480 (+44.1%), from €543,514 to €782,994
of which Plant, machinery and equipment: +€223,323
- Receivables within one year +€42,271
up €42,271 (+213.6%), from €19,791 to €62,062
of which Trade receivables: +€35,760
- Debts after one year +€152,692
up €152,692 (+54.6%), from €279,865 to €432,557
- Other debts +€99,141
up €99,141 (+93.3%), from €106,238 to €205,379
- Current portion of long-term debt +€22,508
up €22,508 (+27.8%), from €80,891 to €103,399
- Profit (loss) carried forward +€18,290
up €18,290 (+60.9%), from €30,049 to €48,339
- Gross operating margin +€47,417
up €47,417 (+55.7%), from €85,143 to €132,559
- Depreciation +€29,590
up €29,590 (+37.6%), from €78,731 to €108,321
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.
Cash bridge derived
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 | €568,122 | €857,982 | +€289,859 | +51.0% |
| Fixed assets | 21/28 | €543,514 | €782,994 | +€239,480 | +44.1% |
| Tangible fixed assets | 22/27 | €543,514 | €782,994 | +€239,480 | +44.1% |
| Plant, machinery and equipment | 23 | €543,514 | €766,837 | +€223,323 | +41.1% |
| Furniture and vehicles | 24 | - | €16,157 | +€16,157 | |
| Current assets | 29/58 | €24,609 | €74,988 | +€50,379 | +204.7% |
| Stocks and contracts in progress | 3 | €4,344 | €10,517 | +€6,173 | +142.1% |
| Stocks | 30/36 | €4,344 | €10,517 | +€6,173 | +142.1% |
| Amounts receivable within one year | 40/41 | €19,791 | €62,062 | +€42,271 | +213.6% |
| Trade receivables | 40 | €15,293 | €51,053 | +€35,760 | +233.8% |
| Other amounts receivable | 41 | €4,498 | €11,009 | +€6,511 | +144.7% |
| Cash at bank and in hand | 54/58 | - | €2,160 | +€2,160 | |
| Deferred charges and accrued income | 490/1 | €474 | €250 | -€224 | -47.3% |
| Total equity and liabilities | 10/49 | €568,122 | €857,982 | +€289,859 | +51.0% |
| Equity | 10/15 | €77,099 | €90,794 | +€13,695 | +17.8% |
| Contributions | 10/11 | €13,208 | €13,208 | = | 0.0% |
| Reserves | 13 | €33,841 | €29,247 | -€4,595 | -13.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €31,981 | €27,387 | -€4,595 | -14.4% |
| Profit (loss) carried forward | 14 | €30,049 | €48,339 | +€18,290 | +60.9% |
| Provisions and deferred taxes | 16 | €10,664 | €8,808 | -€1,855 | -17.4% |
| Deferred taxes | 168 | €10,664 | €8,808 | -€1,855 | -17.4% |
| Amounts payable | 17/49 | €480,360 | €758,380 | +€278,019 | +57.9% |
| Amounts payable after more than one year | 17 | €279,865 | €432,557 | +€152,692 | +54.6% |
| Financial debts | 170/4 | €279,865 | €432,557 | +€152,692 | +54.6% |
| Amounts payable within one year | 42/48 | €199,365 | €325,823 | +€126,458 | +63.4% |
| Current portion of amounts payable after more than one year | 42 | €80,891 | €103,399 | +€22,508 | +27.8% |
| Trade debts | 44 | €12,236 | €17,045 | +€4,809 | +39.3% |
| Suppliers | 440/4 | €12,236 | €17,045 | +€4,809 | +39.3% |
| Other amounts payable | 47/48 | €106,238 | €205,379 | +€99,141 | +93.3% |
| Accrued charges and deferred income | 492/3 | €1,130 | - | -€1,130 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,731 | €108,321 | +€29,590 | +37.6% |
| Other operating charges | 640/8 | €555 | €666 | +€110 | +19.9% |
| Non-recurring operating charges | 66A | €215 | - | -€215 | |
| Gross operating margin | 9900 | €85,143 | €132,559 | +€47,417 | +55.7% |
| Operating profit (loss) | 9901 | €5,641 | €23,572 | +€17,931 | +317.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €10,488 | €11,733 | +€1,245 | +11.9% |
| Recurring financial charges | 65 | €10,488 | €11,733 | +€1,245 | +11.9% |
| Profit (loss) for the period before taxes | 9903 | -€4,847 | €11,840 | +€16,686 | |
| Transfer from deferred taxes | 780 | €1,855 | €1,855 | = | 0.0% |
| Income taxes | 67/77 | €166 | - | -€166 | |
| Profit (loss) for the period | 9904 | -€3,157 | €13,695 | +€16,852 | |
| Transfer from tax-exempt reserves | 789 | €4,595 | €4,595 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,438 | €18,290 | +€16,852 | +1172.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.