PETER JP LIPS: 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.
PETER JP LIPS
Largest movements
- Receivables within one year +€62,041
up €62,041 (+45.6%), from €135,957 to €197,998
of which Other amounts receivable: +€57,704
- Cash -€46,792
down €46,792 (-73.9%), from €63,299 to €16,507
mainly Receivables within one year (-€62,041) and Investment in fixed assets (net) (-€28,878)
- Tangible fixed assets +€27,795
up €27,795 (+3171.6%), from €876 to €28,672
- Reserves +€54,000
up €54,000 (+66.8%), from €80,860 to €134,860
of which Non-distributable reserves: +€133,000
- Tax, wage and social debts -€10,634
no longer reported in 2026 (was €10,634)
- Gross operating margin -€27,695
down €27,695 (-28.3%), from €98,033 to €70,338
- Depreciation -€12,324
down €12,324 (-91.9%), from €13,407 to €1,083
- Taxes -€4,064
down €4,064 (-21.8%), from €18,634 to €14,570
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €200,133 | €243,719 | +€43,586 | +21.8% |
| Fixed assets | 21/28 | €876 | €28,672 | +€27,795 | +3171.6% |
| Tangible fixed assets | 22/27 | €876 | €28,672 | +€27,795 | +3171.6% |
| Furniture and vehicles | 24 | €876 | €28,672 | +€27,795 | +3171.6% |
| Current assets | 29/58 | €199,257 | €215,048 | +€15,791 | +7.9% |
| Amounts receivable within one year | 40/41 | €135,957 | €197,998 | +€62,041 | +45.6% |
| Trade receivables | 40 | - | €4,337 | +€4,337 | |
| Other amounts receivable | 41 | €135,957 | €193,661 | +€57,704 | +42.4% |
| Cash at bank and in hand | 54/58 | €63,299 | €16,507 | -€46,792 | -73.9% |
| Deferred charges and accrued income | 490/1 | - | €542 | +€542 | |
| Total equity and liabilities | 10/49 | €200,133 | €243,719 | +€43,586 | +21.8% |
| Equity | 10/15 | €189,499 | €243,719 | +€54,220 | +28.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €80,860 | €134,860 | +€54,000 | +66.8% |
| Non-distributable reserves | 130/1 | €1,860 | €134,860 | +€133,000 | +7150.5% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | - | €133,000 | +€133,000 | |
| Distributable reserves | 133 | €79,000 | - | -€79,000 | |
| Profit (loss) carried forward | 14 | €90,039 | €90,259 | +€220 | +0.2% |
| Amounts payable | 17/49 | €10,634 | - | -€10,634 | |
| Amounts payable within one year | 42/48 | €10,634 | - | -€10,634 | |
| Taxes, remuneration and social security | 45 | €10,634 | - | -€10,634 | |
| Taxes | 450/3 | €10,634 | - | -€10,634 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,407 | €1,083 | -€12,324 | -91.9% |
| Other operating charges | 640/8 | €451 | €465 | +€14 | +3.2% |
| Gross operating margin | 9900 | €98,033 | €70,338 | -€27,695 | -28.3% |
| Operating profit (loss) | 9901 | €84,175 | €68,790 | -€15,385 | -18.3% |
| Financial charges | 65/66B | €220 | €0 | -€220 | -100.0% |
| Recurring financial charges | 65 | €220 | €0 | -€220 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €83,955 | €68,790 | -€15,165 | -18.1% |
| Income taxes | 67/77 | €18,634 | €14,570 | -€4,064 | -21.8% |
| Profit (loss) for the period | 9904 | €65,321 | €54,220 | -€11,101 | -17.0% |
| Profit (loss) for the period to be appropriated | 9905 | €65,321 | €54,220 | -€11,101 | -17.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.