Lipsum: 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.
Lipsum
Largest movements
- Tangible fixed assets -€117,206
down €117,206 (-70.8%), from €165,542 to €48,336
of which Land and buildings: -€165,542
- Cash +€106,258
up €106,258 (+34.2%), from €310,776 to €417,033
mainly Net result for the year (+€204,090) and Investment in fixed assets (net) (+€113,359)
- Current investments +€11,729
up €11,729 (+1,173%), from €1,000 to €12,729
- Trade debts +€36,450
up €36,450 (+785%), from €4,643 to €41,094
- Other debts -€15,130
down €15,130 (-39.2%), from €38,555 to €23,426
- Current portion of long-term debt -€12,731
down €12,731 (-100%), from €12,731 to €0
- Tax, wage and social debts -€9,750
down €9,750 (-23.2%), from €42,020 to €32,270
of which Taxes: -€12,180
- Reserves +€7,423
up €7,423 (+1.4%), from €532,770 to €540,193
- Gross operating margin +€210,071
up €210,071 (+220%), from €95,590 to €305,661
- Financial income -€74,128
down €74,128 (-99.9%), from €74,171 to €43
- Taxes +€60,618
up €60,618 (+203%), from €29,870 to €90,488
- Depreciation -€10,202
down €10,202 (-72.6%), from €14,048 to €3,847
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 | €703,831 | €706,782 | +€2,950 | +0.4% |
| Fixed assets | 21/28 | €365,542 | €248,336 | -€117,206 | -32.1% |
| Tangible fixed assets | 22/27 | €165,542 | €48,336 | -€117,206 | -70.8% |
| Land and buildings | 22 | €165,542 | €0 | -€165,542 | -100% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | - | €48,336 | +€48,336 | |
| Financial fixed assets | 28 | €200,000 | €200,000 | = | 0.0% |
| Current assets | 29/58 | €338,289 | €458,446 | +€120,156 | +35.5% |
| Amounts receivable within one year | 40/41 | €20,780 | €19,886 | -€894 | -4.3% |
| Trade receivables | 40 | €20,775 | €19,886 | -€889 | -4.3% |
| Other amounts receivable | 41 | €5 | €0 | -€5 | -100% |
| Current investments | 50/53 | €1,000 | €12,729 | +€11,729 | +1,173% |
| Cash at bank and in hand | 54/58 | €310,776 | €417,033 | +€106,258 | +34.2% |
| Deferred charges and accrued income | 490/1 | €5,734 | €8,798 | +€3,064 | +53.4% |
| Total equity and liabilities | 10/49 | €703,831 | €706,782 | +€2,950 | +0.4% |
| Equity | 10/15 | €551,320 | €558,743 | +€7,423 | +1.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €532,770 | €540,193 | +€7,423 | +1.4% |
| Distributable reserves | 133 | €532,770 | €540,193 | +€7,423 | +1.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €44,531 | €44,531 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €44,531 | €44,531 | = | 0.0% |
| Pensions and similar obligations | 160 | €44,531 | €44,531 | = | 0.0% |
| Amounts payable | 17/49 | €107,981 | €103,508 | -€4,472 | -4.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €97,950 | €96,789 | -€1,161 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | €12,731 | €0 | -€12,731 | -100% |
| Trade debts | 44 | €4,643 | €41,094 | +€36,450 | +785% |
| Suppliers | 440/4 | €4,643 | €41,094 | +€36,450 | +785% |
| Taxes, remuneration and social security | 45 | €42,020 | €32,270 | -€9,750 | -23.2% |
| Taxes | 450/3 | €40,870 | €28,690 | -€12,180 | -29.8% |
| Remuneration and social security | 454/9 | €1,150 | €3,580 | +€2,430 | +211% |
| Other amounts payable | 47/48 | €38,555 | €23,426 | -€15,130 | -39.2% |
| Accrued charges and deferred income | 492/3 | €10,031 | €6,719 | -€3,312 | -33.0% |
| Non-recurring operating income | 76A | - | €220,708 | +€220,708 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,048 | €3,847 | -€10,202 | -72.6% |
| Other operating charges | 640/8 | €2,840 | €3,199 | +€359 | +12.6% |
| Gross operating margin | 9900 | €95,590 | €305,661 | +€210,071 | +220% |
| Operating profit (loss) | 9901 | €78,701 | €298,615 | +€219,914 | +279% |
| Financial income | 75/76B | €74,171 | €43 | -€74,128 | -99.9% |
| Recurring financial income | 75 | €74,171 | €43 | -€74,128 | -99.9% |
| Financial charges | 65/66B | €4,795 | €4,080 | -€715 | -14.9% |
| Recurring financial charges | 65 | €4,795 | €4,080 | -€715 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | €148,077 | €294,579 | +€146,501 | +98.9% |
| Income taxes | 67/77 | €29,870 | €90,488 | +€60,618 | +203% |
| Profit (loss) for the period | 9904 | €118,207 | €204,090 | +€85,883 | +72.7% |
| Profit (loss) for the period to be appropriated | 9905 | €118,207 | €204,090 | +€85,883 | +72.7% |
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 27 October 2026 via checked.be.