Group Lycke: 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.
Group Lycke
Largest movements
- Tangible fixed assets +€66,547
up €66,547 (+65.2%), from €102,088 to €168,635
of which Leasing and similar rights: +€57,584
- Receivables within one year +€18,614
up €18,614 (+45.9%), from €40,582 to €59,195
of which Trade receivables: +€16,648
- Stocks and contracts -€5,026
down €5,026 (-13.9%), from €36,277 to €31,250
of which Contracts in progress: -€3,776
- Debts after one year +€54,157
up €54,157 (+225%), from €24,052 to €78,209
- Current portion of long-term debt +€13,977
up €13,977 (+77.6%), from €18,006 to €31,984
- Other debts -€9,884
down €9,884 (-50.8%), from €19,456 to €9,572
- Trade debts +€8,314
up €8,314 (+17.3%), from €48,179 to €56,493
- Reserves +€7,323
up €7,323 (+11.8%), from €62,038 to €69,360
- Gross operating margin +€66,823
up €66,823 (+54.5%), from €122,579 to €189,402
- Staff costs +€27,210
up €27,210 (+68.5%), from €39,730 to €66,940
- Depreciation +€13,516
up €13,516 (+45.4%), from €29,776 to €43,293
- Taxes -€4,847
down €4,847 (-100.0%), from €4,848 to €0
- Financial charges +€2,441
up €2,441 (+60.1%), from €4,064 to €6,504
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 | €183,902 | €262,763 | +€78,861 | +42.9% |
| Fixed assets | 21/28 | €102,288 | €168,734 | +€66,447 | +65.0% |
| Intangible fixed assets | 21 | €200 | €100 | -€100 | -50.1% |
| Tangible fixed assets | 22/27 | €102,088 | €168,635 | +€66,547 | +65.2% |
| Plant, machinery and equipment | 23 | €40,226 | €40,479 | +€252 | +0.6% |
| Furniture and vehicles | 24 | €61,862 | €70,572 | +€8,711 | +14.1% |
| Leasing and similar rights | 25 | - | €57,584 | +€57,584 | |
| Current assets | 29/58 | €81,614 | €94,029 | +€12,415 | +15.2% |
| Stocks and contracts in progress | 3 | €36,277 | €31,250 | -€5,026 | -13.9% |
| Stocks | 30/36 | €12,501 | €11,250 | -€1,250 | -10.0% |
| Contracts in progress | 37 | €23,776 | €20,000 | -€3,776 | -15.9% |
| Amounts receivable within one year | 40/41 | €40,582 | €59,195 | +€18,614 | +45.9% |
| Trade receivables | 40 | €39,473 | €56,121 | +€16,648 | +42.2% |
| Other amounts receivable | 41 | €1,109 | €3,074 | +€1,965 | +177% |
| Cash at bank and in hand | 54/58 | €3,576 | €2,566 | -€1,010 | -28.2% |
| Deferred charges and accrued income | 490/1 | €1,180 | €1,017 | -€163 | -13.8% |
| Total equity and liabilities | 10/49 | €183,902 | €262,763 | +€78,861 | +42.9% |
| Equity | 10/15 | €67,038 | €74,360 | +€7,323 | +10.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €62,038 | €69,360 | +€7,323 | +11.8% |
| Distributable reserves | 133 | €62,038 | €69,360 | +€7,323 | +11.8% |
| Amounts payable | 17/49 | €116,864 | €188,403 | +€71,539 | +61.2% |
| Amounts payable after more than one year | 17 | €24,052 | €78,209 | +€54,157 | +225% |
| Financial debts | 170/4 | €24,052 | €78,209 | +€54,157 | +225% |
| Amounts payable within one year | 42/48 | €92,812 | €110,194 | +€17,382 | +18.7% |
| Current portion of amounts payable after more than one year | 42 | €18,006 | €31,984 | +€13,977 | +77.6% |
| Trade debts | 44 | €48,179 | €56,493 | +€8,314 | +17.3% |
| Suppliers | 440/4 | €48,179 | €56,493 | +€8,314 | +17.3% |
| Taxes, remuneration and social security | 45 | €7,171 | €12,146 | +€4,975 | +69.4% |
| Taxes | 450/3 | €618 | €2,189 | +€1,571 | +254% |
| Remuneration and social security | 454/9 | €6,553 | €9,957 | +€3,404 | +51.9% |
| Other amounts payable | 47/48 | €19,456 | €9,572 | -€9,884 | -50.8% |
| Remuneration, social security and pensions | 62 | €39,730 | €66,940 | +€27,210 | +68.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,776 | €43,293 | +€13,516 | +45.4% |
| Other operating charges | 640/8 | €2,109 | €1,357 | -€752 | -35.6% |
| Gross operating margin | 9900 | €122,579 | €189,402 | +€66,823 | +54.5% |
| Operating profit (loss) | 9901 | €50,965 | €77,813 | +€26,848 | +52.7% |
| Financial income | 75/76B | €72 | €218 | +€147 | +205% |
| Recurring financial income | 75 | €72 | €218 | +€147 | +205% |
| Financial charges | 65/66B | €4,064 | €6,504 | +€2,441 | +60.1% |
| Recurring financial charges | 65 | €4,064 | €6,504 | +€2,441 | +60.1% |
| Profit (loss) for the period before taxes | 9903 | €46,972 | €71,527 | +€24,554 | +52.3% |
| Income taxes | 67/77 | €4,848 | €0 | -€4,847 | -100.0% |
| Profit (loss) for the period | 9904 | €42,125 | €71,527 | +€29,402 | +69.8% |
| Profit (loss) for the period to be appropriated | 9905 | €42,125 | €71,527 | +€29,402 | +69.8% |
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.