Lips: 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.
What changed
Lips
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3.6m
2024 · €1.8m+€1.8m
Equity
€4.8m
2024 · €3.2m+€1.6m
Cash
€811,201
2024 · €1.3m-€493,661
Balance sheet total
€11.6m
2024 · €9.8m+€1.8m
Largest movements
Assets
- Current investments +€2.4m
up €2.4m (+182.5%), from €1.3m to €3.8m
- Cash -€493,661
down €493,661 (-37.8%), from €1.3m to €811,201
mainly Current investments (-€2.4m) and Contributions, distributions and other (-€2.0m)
- Tangible fixed assets -€443,929
down €443,929 (-8.2%), from €5.4m to €5.0m
of which Land and buildings: -€351,629
- Receivables within one year +€199,645
up €199,645 (+30.2%), from €660,839 to €860,484
of which Trade receivables: +€206,081
Equity and liabilities
- Reserves +€1.6m
up €1.6m (+57.6%), from €2.8m to €4.5m
of which Distributable reserves: +€1.1m
- Trade debts +€651,692
up €651,692 (+31.6%), from €2.1m to €2.7m
- Tax, wage and social debts -€199,966
down €199,966 (-16.2%), from €1.2m to €1.0m
of which Remuneration and social security: -€411,378
- Debts after one year -€134,350
down €134,350 (-8.3%), from €1.6m to €1.5m
Income statement
- Turnover +€2.7m
up €2.7m (+7.2%), from €36.9m to €39.5m
- Other operating income +€2.3m
up €2.3m (+158.9%), from €1.4m to €3.7m
- Goods and materials +€1.9m
up €1.9m (+6.6%), from €29.4m to €31.3m
of which Purchases: +€2.0m
- Taxes +€659,592
up €659,592 (+111.9%), from €589,360 to €1.2m
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.
Result 2024
€1.8m
Turnover
+€2.7m
Other operating income
+€2.3m
Goods and materials
-€1.9m
Services and other goods
-€391,651
Staff costs
-€126,336
Depreciation
+€14,124
Other operating charges
-€54,410
Other operating items
+€42
Financial income
+€16,241
Financial charges
+€14,444
Taxes
-€659,592
Result 2025
€3.6m
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.
From operations
+€4.4m
Investment
-€2.8m
Financing
-€2.1m
Cash 2024
€1.3m
From operations (derived)
+€4.4m
Net result for the year
+€3.6m
Depreciation
+€815,851
Stocks and contracts
-€112,895
Receivables within one year
-€199,645
Trade debts
+€651,692
Tax, wage and social debts
-€199,966
Other debts
-€101,300
Accrued charges and deferred income
-€90,000
Investment (derived)
-€2.8m
Investment in fixed assets (net)
-€368,587
Current investments
-€2.4m
Financing
-€2.1m
Debts after one year
-€134,350
Current portion of long-term debt
+€34,852
Contributions, distributions and other
-€2.0m
Cash 2025
€811,201
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,824,060 | €11,620,072 | +€1.8m | +18.3% |
| Fixed assets | 21/28 | €5,408,236 | €4,960,972 | -€447,264 | -8.3% |
| Intangible fixed assets | 21 | €6,670 | €3,335 | -€3,335 | -50.0% |
| Tangible fixed assets | 22/27 | €5,401,517 | €4,957,587 | -€443,929 | -8.2% |
| Land and buildings | 22 | €4,188,883 | €3,837,254 | -€351,629 | -8.4% |
| Plant, machinery and equipment | 23 | €1,069,374 | €1,024,338 | -€45,036 | -4.2% |
| Furniture and vehicles | 24 | €143,260 | €95,995 | -€47,265 | -33.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Other financial fixed assets | 284/8 | €50 | €50 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €4,415,823 | €6,659,100 | +€2.2m | +50.8% |
| Stocks and contracts in progress | 3 | €1,117,712 | €1,230,607 | +€112,895 | +10.1% |
| Stocks | 30/36 | €1,117,712 | €1,230,607 | +€112,895 | +10.1% |
| Goods purchased for resale | 34 | €1,117,712 | €1,230,607 | +€112,895 | +10.1% |
| Amounts receivable within one year | 40/41 | €660,839 | €860,484 | +€199,645 | +30.2% |
| Trade receivables | 40 | €635,085 | €841,165 | +€206,081 | +32.4% |
| Other amounts receivable | 41 | €25,754 | €19,319 | -€6,436 | -25.0% |
| Current investments | 50/53 | €1,328,217 | €3,752,614 | +€2.4m | +182.5% |
| Other investments | 51/53 | €1,328,217 | €3,752,614 | +€2.4m | +182.5% |
| Cash at bank and in hand | 54/58 | €1,304,862 | €811,201 | -€493,661 | -37.8% |
| Deferred charges and accrued income | 490/1 | €4,194 | €4,194 | = | 0.0% |
| Total equity and liabilities | 10/49 | €9,824,060 | €11,620,072 | +€1.8m | +18.3% |
| Equity | 10/15 | €3,160,320 | €4,795,403 | +€1.6m | +51.7% |
| Contributions | 10/11 | €320,000 | €320,000 | = | 0.0% |
| Capital | 10 | €320,000 | €320,000 | = | 0.0% |
| Issued capital | 100 | €320,000 | €320,000 | = | 0.0% |
| Reserves | 13 | €2,840,320 | €4,475,403 | +€1.6m | +57.6% |
| Non-distributable reserves | 130/1 | €53,793 | €53,793 | = | 0.0% |
| Legal reserve | 130 | €32,000 | €32,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €21,793 | €21,793 | = | 0.0% |
| Tax-exempt reserves | 132 | €430,903 | €978,203 | +€547,300 | +127.0% |
| Distributable reserves | 133 | €2,355,623 | €3,443,407 | +€1.1m | +46.2% |
| Amounts payable | 17/49 | €6,663,740 | €6,824,668 | +€160,928 | +2.4% |
| Amounts payable after more than one year | 17 | €1,620,903 | €1,486,553 | -€134,350 | -8.3% |
| Financial debts | 170/4 | €1,620,903 | €1,486,553 | -€134,350 | -8.3% |
| Credit institutions | 173 | €1,620,903 | €1,486,553 | -€134,350 | -8.3% |
| Amounts payable within one year | 42/48 | €4,772,837 | €5,158,116 | +€385,278 | +8.1% |
| Current portion of amounts payable after more than one year | 42 | €267,849 | €302,702 | +€34,852 | +13.0% |
| Trade debts | 44 | €2,059,366 | €2,711,057 | +€651,692 | +31.6% |
| Suppliers | 440/4 | €2,059,366 | €2,711,057 | +€651,692 | +31.6% |
| Taxes, remuneration and social security | 45 | €1,235,336 | €1,035,370 | -€199,966 | -16.2% |
| Taxes | 450/3 | €259,410 | €470,822 | +€211,413 | +81.5% |
| Remuneration and social security | 454/9 | €975,926 | €564,548 | -€411,378 | -42.2% |
| Other amounts payable | 47/48 | €1,210,286 | €1,108,986 | -€101,300 | -8.4% |
| Accrued charges and deferred income | 492/3 | €270,000 | €180,000 | -€90,000 | -33.3% |
| Operating income | 70/76A | €38,306,432 | €43,267,263 | +€5.0m | +13.0% |
| Turnover | 70 | €36,864,982 | €39,535,039 | +€2.7m | +7.2% |
| Other operating income | 74 | €1,441,450 | €3,732,224 | +€2.3m | +158.9% |
| Operating charges | 60/66A | €35,848,566 | €38,355,554 | +€2.5m | +7.0% |
| Goods for resale, raw materials and consumables | 60 | €29,360,950 | €31,309,708 | +€1.9m | +6.6% |
| Purchases | 600/8 | €29,396,822 | €31,422,603 | +€2.0m | +6.9% |
| Change in stocks: decrease (increase) | 609 | -€35,872 | -€112,895 | -€77,023 | -214.7% |
| Services and other goods | 61 | €2,567,538 | €2,959,189 | +€391,651 | +15.3% |
| Remuneration, social security and pensions | 62 | €2,961,397 | €3,087,733 | +€126,336 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €829,976 | €815,851 | -€14,124 | -1.7% |
| Other operating charges | 640/8 | €128,565 | €182,975 | +€54,410 | +42.3% |
| Non-recurring operating charges | 66A | €140 | €98 | -€42 | -30.0% |
| Operating profit (loss) | 9901 | €2,457,866 | €4,911,708 | +€2.5m | +99.8% |
| Financial income | 75/76B | €79,808 | €96,050 | +€16,241 | +20.4% |
| Recurring financial income | 75 | €79,808 | €96,050 | +€16,241 | +20.4% |
| Income from financial fixed assets | 750 | €52,934 | €71,877 | +€18,943 | +35.8% |
| Other financial income | 752/9 | €26,874 | €24,172 | -€2,701 | -10.1% |
| Financial charges | 65/66B | €138,666 | €124,222 | -€14,444 | -10.4% |
| Recurring financial charges | 65 | €138,666 | €124,222 | -€14,444 | -10.4% |
| Debt charges | 650 | €129,689 | €110,014 | -€19,675 | -15.2% |
| Other financial charges | 652/9 | €8,977 | €14,208 | +€5,230 | +58.3% |
| Profit (loss) for the period before taxes | 9903 | €2,399,008 | €4,883,536 | +€2.5m | +103.6% |
| Income taxes | 67/77 | €589,360 | €1,248,952 | +€659,592 | +111.9% |
| Taxes | 670/3 | €589,360 | €1,248,952 | +€659,592 | +111.9% |
| Profit (loss) for the period | 9904 | €1,809,647 | €3,634,584 | +€1.8m | +100.8% |
| Transfer from tax-exempt reserves | 789 | €231,550 | €294,700 | +€63,150 | +27.3% |
| Transfer to tax-exempt reserves | 689 | €0 | €842,000 | +€842,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,041,197 | €3,087,284 | +€1.0m | +51.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.