LA LICORNE: 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.
LA LICORNE
Largest movements
- Receivables within one year -€370,136
down €370,136 (-99.9%), from €370,400 to €264
of which Other amounts receivable: -€370,400
- Stocks and contracts -€77,900
down €77,900 (-23.3%), from €334,900 to €257,000
- Tangible fixed assets -€29,791
down €29,791 (-1.4%), from €2.2m to €2.1m
of which Furniture and vehicles: -€31,000
- Debts after one year -€1.6m
down €1.6m (-49.1%), from €3.2m to €1.6m
- Short-term financial debts +€1.1m
new in 2025: €1.1m
- Trade debts -€70,428
down €70,428 (-72.2%), from €97,563 to €27,135
- Profit (loss) carried forward +€51,014
up €51,014 (+3.9%), from -€1.3m to -€1.3m
- Financial charges +€28,008
up €28,008 (+59.4%), from €47,176 to €75,184
- Gross operating margin +€5,946
up €5,946 (+3.6%), from €165,936 to €171,882
- Depreciation +€1,808
up €1,808 (+4.5%), from €39,824 to €41,631
- Write-downs +€1,750
no longer reported in 2025 (was -€1,750)
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 | €2,881,525 | €2,406,886 | -€474,639 | -16.5% |
| Fixed assets | 21/28 | €2,173,861 | €2,144,070 | -€29,791 | -1.4% |
| Tangible fixed assets | 22/27 | €2,173,361 | €2,143,570 | -€29,791 | -1.4% |
| Land and buildings | 22 | €2,116,883 | €2,111,917 | -€4,966 | -0.2% |
| Plant, machinery and equipment | 23 | €16,815 | €22,989 | +€6,175 | +36.7% |
| Furniture and vehicles | 24 | €39,663 | €8,663 | -€31,000 | -78.2% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €707,664 | €262,817 | -€444,847 | -62.9% |
| Stocks and contracts in progress | 3 | €334,900 | €257,000 | -€77,900 | -23.3% |
| Stocks | 30/36 | €334,900 | €257,000 | -€77,900 | -23.3% |
| Amounts receivable within one year | 40/41 | €370,400 | €264 | -€370,136 | -99.9% |
| Trade receivables | 40 | - | €264 | +€264 | |
| Other amounts receivable | 41 | €370,400 | - | -€370,400 | |
| Cash at bank and in hand | 54/58 | €2,364 | €5,553 | +€3,188 | +135% |
| Total equity and liabilities | 10/49 | €2,881,525 | €2,406,886 | -€474,639 | -16.5% |
| Equity | 10/15 | -€617,365 | -€566,351 | +€51,014 | +8.3% |
| Contributions | 10/11 | €496,000 | €496,000 | = | 0.0% |
| Capital | 10 | €496,000 | €496,000 | = | 0.0% |
| Issued capital | 100 | €496,000 | €496,000 | = | 0.0% |
| Revaluation surpluses | 12 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €795 | €795 | = | 0.0% |
| Non-distributable reserves | 130/1 | €124 | €124 | = | 0.0% |
| Legal reserve | 130 | €124 | €124 | = | 0.0% |
| Distributable reserves | 133 | €671 | €671 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,314,160 | -€1,263,146 | +€51,014 | +3.9% |
| Amounts payable | 17/49 | €3,498,890 | €2,973,237 | -€525,653 | -15.0% |
| Amounts payable after more than one year | 17 | €3,213,139 | €1,635,677 | -€1.6m | -49.1% |
| Financial debts | 170/4 | €3,213,139 | €1,635,677 | -€1.6m | -49.1% |
| Amounts payable within one year | 42/48 | €245,595 | €1,298,305 | +€1.1m | +429% |
| Current portion of amounts payable after more than one year | 42 | €140,000 | €140,000 | = | 0.0% |
| Financial debts | 43 | - | €1,100,000 | +€1.1m | |
| Credit institutions | 430/8 | - | €1,100,000 | +€1.1m | |
| Trade debts | 44 | €97,563 | €27,135 | -€70,428 | -72.2% |
| Suppliers | 440/4 | €97,563 | €27,135 | -€70,428 | -72.2% |
| Taxes, remuneration and social security | 45 | €8,032 | €31,170 | +€23,138 | +288% |
| Taxes | 450/3 | €8,032 | €31,170 | +€23,138 | +288% |
| Accrued charges and deferred income | 492/3 | €40,156 | €39,255 | -€901 | -2.2% |
| Remuneration, social security and pensions | 62 | €1,241 | - | -€1,241 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,824 | €41,631 | +€1,808 | +4.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,750 | - | +€1,750 | |
| Other operating charges | 640/8 | €3,916 | €4,052 | +€137 | +3.5% |
| Gross operating margin | 9900 | €165,936 | €171,882 | +€5,946 | +3.6% |
| Operating profit (loss) | 9901 | €122,706 | €126,198 | +€3,492 | +2.8% |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €47,176 | €75,184 | +€28,008 | +59.4% |
| Recurring financial charges | 65 | €47,176 | €75,184 | +€28,008 | +59.4% |
| Profit (loss) for the period before taxes | 9903 | €75,540 | €51,014 | -€24,526 | -32.5% |
| Profit (loss) for the period | 9904 | €75,540 | €51,014 | -€24,526 | -32.5% |
| Profit (loss) for the period to be appropriated | 9905 | €75,540 | €51,014 | -€24,526 | -32.5% |
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 15 October 2026 via checked.be.