VAN LIPPEVELDE: 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.
VAN LIPPEVELDE
Largest movements
- Cash -€70,668
down €70,668 (-54.9%), from €128,648 to €57,981
mainly Receivables within one year (-€54,808) and Net result for the year (-€26,337)
- Receivables within one year +€54,808
up €54,808 (+192%), from €28,564 to €83,372
of which Trade receivables: +€54,450
- Tangible fixed assets -€14,839
down €14,839 (-4.5%), from €330,113 to €315,275
of which Furniture and vehicles: -€8,049
- Profit (loss) carried forward -€26,337
down €26,337 (-12.9%), from €203,915 to €177,578
- Tax, wage and social debts +€23,477
up €23,477 (+173%), from €13,545 to €37,022
of which Remuneration and social security: +€13,287
- Debts after one year -€19,356
down €19,356 (-8.8%), from €220,422 to €201,066
- Trade debts -€13,605
down €13,605 (-47.9%), from €28,431 to €14,826
- Staff costs +€58,334
up €58,334 (+141%), from €41,377 to €99,710
- Gross operating margin +€33,820
up €33,820 (+50.5%), from €67,001 to €100,821
- Depreciation -€1,345
down €1,345 (-6.9%), from €19,578 to €18,232
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 | €505,952 | €470,363 | -€35,589 | -7.0% |
| Fixed assets | 21/28 | €330,163 | €315,325 | -€14,839 | -4.5% |
| Tangible fixed assets | 22/27 | €330,113 | €315,275 | -€14,839 | -4.5% |
| Land and buildings | 22 | €307,156 | €300,966 | -€6,190 | -2.0% |
| Plant, machinery and equipment | 23 | €6,101 | €5,501 | -€599 | -9.8% |
| Furniture and vehicles | 24 | €16,857 | €8,807 | -€8,049 | -47.8% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €175,789 | €155,038 | -€20,750 | -11.8% |
| Stocks and contracts in progress | 3 | €15,055 | €10,452 | -€4,604 | -30.6% |
| Stocks | 30/36 | €15,055 | €10,452 | -€4,604 | -30.6% |
| Amounts receivable within one year | 40/41 | €28,564 | €83,372 | +€54,808 | +192% |
| Trade receivables | 40 | €20,570 | €75,020 | +€54,450 | +265% |
| Other amounts receivable | 41 | €7,994 | €8,352 | +€358 | +4.5% |
| Cash at bank and in hand | 54/58 | €128,648 | €57,981 | -€70,668 | -54.9% |
| Deferred charges and accrued income | 490/1 | €3,521 | €3,234 | -€287 | -8.2% |
| Total equity and liabilities | 10/49 | €505,952 | €470,363 | -€35,589 | -7.0% |
| Equity | 10/15 | €224,375 | €198,038 | -€26,337 | -11.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €203,915 | €177,578 | -€26,337 | -12.9% |
| Amounts payable | 17/49 | €281,577 | €272,325 | -€9,252 | -3.3% |
| Amounts payable after more than one year | 17 | €220,422 | €201,066 | -€19,356 | -8.8% |
| Financial debts | 170/4 | €220,422 | €201,066 | -€19,356 | -8.8% |
| Amounts payable within one year | 42/48 | €61,155 | €71,259 | +€10,104 | +16.5% |
| Current portion of amounts payable after more than one year | 42 | €19,082 | €19,356 | +€273 | +1.4% |
| Trade debts | 44 | €28,431 | €14,826 | -€13,605 | -47.9% |
| Suppliers | 440/4 | €28,431 | €14,826 | -€13,605 | -47.9% |
| Taxes, remuneration and social security | 45 | €13,545 | €37,022 | +€23,477 | +173% |
| Taxes | 450/3 | €10,745 | €20,935 | +€10,190 | +94.8% |
| Remuneration and social security | 454/9 | €2,800 | €16,087 | +€13,287 | +474% |
| Other amounts payable | 47/48 | €97 | €55 | -€42 | -43.1% |
| Remuneration, social security and pensions | 62 | €41,377 | €99,710 | +€58,334 | +141% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,578 | €18,232 | -€1,345 | -6.9% |
| Other operating charges | 640/8 | €4,149 | €4,275 | +€126 | +3.0% |
| Non-recurring operating charges | 66A | - | €600 | +€600 | |
| Gross operating margin | 9900 | €67,001 | €100,821 | +€33,820 | +50.5% |
| Operating profit (loss) | 9901 | €1,898 | -€21,997 | -€23,895 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €4,312 | €4,076 | -€236 | -5.5% |
| Recurring financial charges | 65 | €4,312 | €4,076 | -€236 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,415 | -€26,073 | -€23,658 | -980% |
| Income taxes | 67/77 | €384 | €264 | -€120 | -31.3% |
| Profit (loss) for the period | 9904 | -€2,799 | -€26,337 | -€23,538 | -841% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,799 | -€26,337 | -€23,538 | -841% |
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 24 October 2026 via checked.be.