LICA MODA: 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 MODA
Largest movements
- Stocks and contracts +€80,000
up €80,000 (+22.4%), from €357,380 to €437,380
- Cash -€60,117
down €60,117 (-66.1%), from €90,898 to €30,781
mainly Stocks and contracts (-€80,000) and Receivables within one year (-€14,910)
- Receivables within one year +€14,910
up €14,910 (+109.5%), from €13,619 to €28,529
of which Other amounts receivable: +€11,711
- Profit (loss) carried forward +€22,743
up €22,743 (+4.9%), from €462,060 to €484,804
- Tax, wage and social debts +€5,740
up €5,740 (+18.2%), from €31,546 to €37,286
of which Remuneration and social security: +€4,344
- Gross operating margin -€25,608
down €25,608 (-15.0%), from €171,143 to €145,535
- Taxes -€11,459
down €11,459 (-41.8%), from €27,387 to €15,928
- Other operating charges -€2,891
down €2,891 (-76.2%), from €3,795 to €904
- Staff costs +€2,741
up €2,741 (+2.9%), from €94,358 to €97,099
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 | €520,848 | €551,868 | +€31,019 | +6.0% |
| Fixed assets | 21/28 | €8,270 | €6,519 | -€1,751 | -21.2% |
| Tangible fixed assets | 22/27 | €8,270 | €6,519 | -€1,751 | -21.2% |
| Plant, machinery and equipment | 23 | €5,470 | €4,665 | -€805 | -14.7% |
| Furniture and vehicles | 24 | €2,800 | €1,854 | -€946 | -33.8% |
| Current assets | 29/58 | €512,578 | €545,349 | +€32,770 | +6.4% |
| Amounts receivable after more than one year | 29 | €34,548 | €34,548 | = | 0.0% |
| Trade receivables | 290 | €34,548 | €34,548 | = | 0.0% |
| Stocks and contracts in progress | 3 | €357,380 | €437,380 | +€80,000 | +22.4% |
| Stocks | 30/36 | €357,380 | €437,380 | +€80,000 | +22.4% |
| Amounts receivable within one year | 40/41 | €13,619 | €28,529 | +€14,910 | +109.5% |
| Trade receivables | 40 | €3,498 | €6,696 | +€3,199 | +91.5% |
| Other amounts receivable | 41 | €10,121 | €21,833 | +€11,711 | +115.7% |
| Cash at bank and in hand | 54/58 | €90,898 | €30,781 | -€60,117 | -66.1% |
| Deferred charges and accrued income | 490/1 | €16,133 | €14,110 | -€2,023 | -12.5% |
| Total equity and liabilities | 10/49 | €520,848 | €551,868 | +€31,019 | +6.0% |
| Equity | 10/15 | €482,520 | €505,264 | +€22,743 | +4.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €462,060 | €484,804 | +€22,743 | +4.9% |
| Amounts payable | 17/49 | €38,328 | €46,604 | +€8,276 | +21.6% |
| Amounts payable within one year | 42/48 | €38,328 | €46,604 | +€8,276 | +21.6% |
| Trade debts | 44 | €6,781 | €9,317 | +€2,536 | +37.4% |
| Suppliers | 440/4 | €6,781 | €9,317 | +€2,536 | +37.4% |
| Taxes, remuneration and social security | 45 | €31,546 | €37,286 | +€5,740 | +18.2% |
| Taxes | 450/3 | €20,930 | €22,326 | +€1,396 | +6.7% |
| Remuneration and social security | 454/9 | €10,616 | €14,960 | +€4,344 | +40.9% |
| Remuneration, social security and pensions | 62 | €94,358 | €97,099 | +€2,741 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,103 | €1,751 | -€352 | -16.7% |
| Other operating charges | 640/8 | €3,795 | €904 | -€2,891 | -76.2% |
| Gross operating margin | 9900 | €171,143 | €145,535 | -€25,608 | -15.0% |
| Operating profit (loss) | 9901 | €70,887 | €45,781 | -€25,105 | -35.4% |
| Financial charges | 65/66B | €6,248 | €7,110 | +€862 | +13.8% |
| Recurring financial charges | 65 | €6,248 | €7,110 | +€862 | +13.8% |
| Profit (loss) for the period before taxes | 9903 | €64,639 | €38,671 | -€25,967 | -40.2% |
| Income taxes | 67/77 | €27,387 | €15,928 | -€11,459 | -41.8% |
| Profit (loss) for the period | 9904 | €37,251 | €22,743 | -€14,508 | -38.9% |
| Profit (loss) for the period to be appropriated | 9905 | €37,251 | €22,743 | -€14,508 | -38.9% |
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 1 October 2026 via checked.be.