LIPSACON: 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.
LIPSACON
Largest movements
- Receivables within one year +€35,524
up €35,524 (+503.4%), from €7,057 to €42,581
of which Trade receivables: +€40,613
- Cash -€20,165
down €20,165 (-13.3%), from €151,926 to €131,761
mainly Receivables within one year (-€35,524) and Contributions, distributions and other (-€13,454)
- Tangible fixed assets -€16,879
down €16,879 (-12.2%), from €138,892 to €122,013
of which Land and buildings: -€12,996
- Reserves +€15,662
up €15,662 (+7.9%), from €198,333 to €213,995
of which Distributable reserves: +€15,662
- Debts after one year -€11,153
down €11,153 (-14.6%), from €76,344 to €65,191
- Trade debts -€6,409
down €6,409 (-99.5%), from €6,440 to €31
- Other debts +€4,376
up €4,376 (+27.7%), from €15,769 to €20,144
- Gross operating margin +€8,925
up €8,925 (+15.0%), from €59,532 to €68,457
- Taxes +€2,547
up €2,547 (+27.2%), from €9,382 to €11,929
- Financial charges -€723
down €723 (-12.7%), from €5,677 to €4,954
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 | €343,414 | €343,826 | +€412 | +0.1% |
| Fixed assets | 21/28 | €138,892 | €122,625 | -€16,267 | -11.7% |
| Intangible fixed assets | 21 | - | €612 | +€612 | |
| Tangible fixed assets | 22/27 | €138,892 | €122,013 | -€16,879 | -12.2% |
| Land and buildings | 22 | €81,235 | €68,238 | -€12,996 | -16.0% |
| Plant, machinery and equipment | 23 | €29,967 | €26,762 | -€3,205 | -10.7% |
| Furniture and vehicles | 24 | €624 | €1,612 | +€988 | +158.4% |
| Other tangible fixed assets | 26 | €27,066 | €25,401 | -€1,666 | -6.2% |
| Current assets | 29/58 | €204,521 | €221,201 | +€16,679 | +8.2% |
| Amounts receivable after more than one year | 29 | €45,000 | €45,000 | = | 0.0% |
| Other amounts receivable | 291 | €45,000 | €45,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €7,057 | €42,581 | +€35,524 | +503.4% |
| Trade receivables | 40 | €1,950 | €42,563 | +€40,613 | +2082.4% |
| Other amounts receivable | 41 | €5,106 | €18 | -€5,089 | -99.7% |
| Cash at bank and in hand | 54/58 | €151,926 | €131,761 | -€20,165 | -13.3% |
| Deferred charges and accrued income | 490/1 | €539 | €1,859 | +€1,320 | +245.1% |
| Total equity and liabilities | 10/49 | €343,414 | €343,826 | +€412 | +0.1% |
| Equity | 10/15 | €210,733 | €226,395 | +€15,662 | +7.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €198,333 | €213,995 | +€15,662 | +7.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €198,333 | €213,995 | +€15,662 | +7.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €132,680 | €117,431 | -€15,250 | -11.5% |
| Amounts payable after more than one year | 17 | €76,344 | €65,191 | -€11,153 | -14.6% |
| Financial debts | 170/4 | €76,344 | €65,191 | -€11,153 | -14.6% |
| Amounts payable within one year | 42/48 | €53,408 | €51,853 | -€1,555 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | €19,822 | €20,349 | +€527 | +2.7% |
| Trade debts | 44 | €6,440 | €31 | -€6,409 | -99.5% |
| Suppliers | 440/4 | €6,440 | €31 | -€6,409 | -99.5% |
| Taxes, remuneration and social security | 45 | €11,378 | €11,329 | -€49 | -0.4% |
| Taxes | 450/3 | €11,378 | €11,329 | -€49 | -0.4% |
| Other amounts payable | 47/48 | €15,769 | €20,144 | +€4,376 | +27.7% |
| Accrued charges and deferred income | 492/3 | €2,928 | €387 | -€2,541 | -86.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,535 | €21,981 | -€554 | -2.5% |
| Other operating charges | 640/8 | €2,715 | €3,175 | +€460 | +16.9% |
| Gross operating margin | 9900 | €59,532 | €68,457 | +€8,925 | +15.0% |
| Operating profit (loss) | 9901 | €34,282 | €43,301 | +€9,020 | +26.3% |
| Financial income | 75/76B | €2,733 | €2,697 | -€36 | -1.3% |
| Recurring financial income | 75 | €2,733 | €2,697 | -€36 | -1.3% |
| Financial charges | 65/66B | €5,677 | €4,954 | -€723 | -12.7% |
| Recurring financial charges | 65 | €5,677 | €4,954 | -€723 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €31,337 | €41,044 | +€9,707 | +31.0% |
| Income taxes | 67/77 | €9,382 | €11,929 | +€2,547 | +27.2% |
| Profit (loss) for the period | 9904 | €21,956 | €29,115 | +€7,160 | +32.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,956 | €29,115 | +€7,160 | +32.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.