LICA: 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.
LICA
Largest movements
- Cash +€180,808
up €180,808 (+133.6%), from €135,377 to €316,185
mainly Net result for the year (+€126,677) and Depreciation (+€57,715)
- Reserves +€126,500
up €126,500 (+73.1%), from €173,045 to €299,545
- Tax, wage and social debts +€26,006
up €26,006 (+112.2%), from €23,172 to €49,178
of which Taxes: +€22,014
- Trade debts +€17,801
up €17,801 (+92.7%), from €19,204 to €37,005
- Current portion of long-term debt -€10,893
down €10,893 (-25.2%), from €43,187 to €32,294
- Debts after one year +€10,646
up €10,646 (+14.7%), from €72,261 to €82,907
- Gross operating margin +€114,834
up €114,834 (+53.8%), from €213,304 to €328,139
- Taxes +€31,798
up €31,798 (+114.6%), from €27,742 to €59,539
- Staff costs +€14,555
up €14,555 (+23.6%), from €61,787 to €76,342
- Depreciation +€12,733
up €12,733 (+28.3%), from €44,982 to €57,715
- Financial charges +€5,833
up €5,833 (+128.8%), from €4,527 to €10,361
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 | €380,829 | €558,280 | +€177,450 | +46.6% |
| Fixed assets | 21/28 | €225,789 | €225,605 | -€184 | -0.1% |
| Tangible fixed assets | 22/27 | €225,589 | €225,405 | -€184 | -0.1% |
| Plant, machinery and equipment | 23 | €58,420 | €54,525 | -€3,895 | -6.7% |
| Furniture and vehicles | 24 | €52,684 | €90,674 | +€37,990 | +72.1% |
| Leasing and similar rights | 25 | €27,350 | €9,361 | -€17,989 | -65.8% |
| Other tangible fixed assets | 26 | €87,136 | €70,845 | -€16,291 | -18.7% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €155,040 | €332,675 | +€177,634 | +114.6% |
| Stocks and contracts in progress | 3 | €5,000 | €1,500 | -€3,500 | -70.0% |
| Stocks | 30/36 | €5,000 | €1,500 | -€3,500 | -70.0% |
| Amounts receivable within one year | 40/41 | €11,587 | €12,458 | +€871 | +7.5% |
| Trade receivables | 40 | €7,350 | €9,695 | +€2,345 | +31.9% |
| Other amounts receivable | 41 | €4,237 | €2,763 | -€1,474 | -34.8% |
| Cash at bank and in hand | 54/58 | €135,377 | €316,185 | +€180,808 | +133.6% |
| Deferred charges and accrued income | 490/1 | €3,076 | €2,532 | -€544 | -17.7% |
| Total equity and liabilities | 10/49 | €380,829 | €558,280 | +€177,450 | +46.6% |
| Equity | 10/15 | €221,894 | €348,572 | +€126,677 | +57.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €173,045 | €299,545 | +€126,500 | +73.1% |
| Distributable reserves | 133 | €173,045 | €299,545 | +€126,500 | +73.1% |
| Profit (loss) carried forward | 14 | €36,449 | €36,627 | +€177 | +0.5% |
| Amounts payable | 17/49 | €158,935 | €209,708 | +€50,773 | +31.9% |
| Amounts payable after more than one year | 17 | €72,261 | €82,907 | +€10,646 | +14.7% |
| Financial debts | 170/4 | €72,261 | €82,907 | +€10,646 | +14.7% |
| Amounts payable within one year | 42/48 | €86,674 | €126,801 | +€40,127 | +46.3% |
| Current portion of amounts payable after more than one year | 42 | €43,187 | €32,294 | -€10,893 | -25.2% |
| Trade debts | 44 | €19,204 | €37,005 | +€17,801 | +92.7% |
| Suppliers | 440/4 | €19,204 | €37,005 | +€17,801 | +92.7% |
| Taxes, remuneration and social security | 45 | €23,172 | €49,178 | +€26,006 | +112.2% |
| Taxes | 450/3 | €7,899 | €29,913 | +€22,014 | +278.7% |
| Remuneration and social security | 454/9 | €15,273 | €19,265 | +€3,992 | +26.1% |
| Other amounts payable | 47/48 | €1,110 | €8,324 | +€7,213 | +649.6% |
| Remuneration, social security and pensions | 62 | €61,787 | €76,342 | +€14,555 | +23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,982 | €57,715 | +€12,733 | +28.3% |
| Other operating charges | 640/8 | €2,033 | €1,353 | -€680 | -33.4% |
| Gross operating margin | 9900 | €213,304 | €328,139 | +€114,834 | +53.8% |
| Operating profit (loss) | 9901 | €104,502 | €192,728 | +€88,226 | +84.4% |
| Financial income | 75/76B | €952 | €3,849 | +€2,897 | +304.4% |
| Recurring financial income | 75 | €952 | €3,849 | +€2,897 | +304.4% |
| Financial charges | 65/66B | €4,527 | €10,361 | +€5,833 | +128.8% |
| Recurring financial charges | 65 | €4,527 | €10,361 | +€5,833 | +128.8% |
| Profit (loss) for the period before taxes | 9903 | €100,927 | €186,217 | +€85,290 | +84.5% |
| Income taxes | 67/77 | €27,742 | €59,539 | +€31,798 | +114.6% |
| Profit (loss) for the period | 9904 | €73,185 | €126,677 | +€53,492 | +73.1% |
| Profit (loss) for the period to be appropriated | 9905 | €73,185 | €126,677 | +€53,492 | +73.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.