Ward Lyppens: 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.
Ward Lyppens
Largest movements
- Cash +€114,548
up €114,548 (+33.7%), from €340,067 to €454,615
mainly Net result for the year (+€106,549) and Depreciation (+€15,725)
- Tangible fixed assets -€15,725
down €15,725 (-31.5%), from €49,942 to €34,216
of which Furniture and vehicles: -€14,558
- Receivables within one year -€8,567
down €8,567 (-14.6%), from €58,504 to €49,937
- Reserves +€88,000
up €88,000 (+23.4%), from €375,860 to €463,860
of which Distributable reserves: +€88,000
- Other debts +€8,961
up €8,961 (+200.5%), from €4,469 to €13,430
- Gross operating margin +€26,141
up €26,141 (+9.0%), from €291,068 to €317,209
- Staff costs +€15,967
up €15,967 (+11.7%), from €135,929 to €151,897
- Depreciation +€5,138
up €5,138 (+48.5%), from €10,587 to €15,725
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 | €448,513 | €538,769 | +€90,256 | +20.1% |
| Fixed assets | 21/28 | €49,942 | €34,216 | -€15,725 | -31.5% |
| Tangible fixed assets | 22/27 | €49,942 | €34,216 | -€15,725 | -31.5% |
| Plant, machinery and equipment | 23 | €1,604 | €437 | -€1,167 | -72.8% |
| Furniture and vehicles | 24 | €48,338 | €33,779 | -€14,558 | -30.1% |
| Current assets | 29/58 | €398,571 | €504,552 | +€105,981 | +26.6% |
| Amounts receivable within one year | 40/41 | €58,504 | €49,937 | -€8,567 | -14.6% |
| Trade receivables | 40 | €58,504 | €49,937 | -€8,567 | -14.6% |
| Cash at bank and in hand | 54/58 | €340,067 | €454,615 | +€114,548 | +33.7% |
| Total equity and liabilities | 10/49 | €448,513 | €538,769 | +€90,256 | +20.1% |
| Equity | 10/15 | €396,312 | €482,861 | +€86,549 | +21.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €375,860 | €463,860 | +€88,000 | +23.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €374,000 | €462,000 | +€88,000 | +23.5% |
| Profit (loss) carried forward | 14 | €1,852 | €401 | -€1,452 | -78.4% |
| Amounts payable | 17/49 | €52,200 | €55,908 | +€3,707 | +7.1% |
| Amounts payable within one year | 42/48 | €52,200 | €55,908 | +€3,707 | +7.1% |
| Trade debts | 44 | €11,935 | €7,656 | -€4,278 | -35.8% |
| Suppliers | 440/4 | €11,935 | €7,656 | -€4,278 | -35.8% |
| Taxes, remuneration and social security | 45 | €35,797 | €34,822 | -€975 | -2.7% |
| Taxes | 450/3 | €17,362 | €18,318 | +€956 | +5.5% |
| Remuneration and social security | 454/9 | €18,434 | €16,504 | -€1,931 | -10.5% |
| Other amounts payable | 47/48 | €4,469 | €13,430 | +€8,961 | +200.5% |
| Non-recurring operating income | 76A | - | €826 | +€826 | |
| Remuneration, social security and pensions | 62 | €135,929 | €151,897 | +€15,967 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,587 | €15,725 | +€5,138 | +48.5% |
| Other operating charges | 640/8 | €1,792 | €1,785 | -€7 | -0.4% |
| Gross operating margin | 9900 | €291,068 | €317,209 | +€26,141 | +9.0% |
| Operating profit (loss) | 9901 | €142,760 | €147,802 | +€5,042 | +3.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €51 | €160 | +€109 | +212.7% |
| Recurring financial charges | 65 | €51 | €160 | +€109 | +212.7% |
| Profit (loss) for the period before taxes | 9903 | €142,709 | €147,642 | +€4,934 | +3.5% |
| Income taxes | 67/77 | €41,460 | €41,094 | -€367 | -0.9% |
| Profit (loss) for the period | 9904 | €101,248 | €106,549 | +€5,300 | +5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €101,248 | €106,549 | +€5,300 | +5.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.