LICAN: 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.
LICAN
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€251,052
no longer reported in 2025 (was €251,052)
- Other operating charges -€93,099
no longer reported in 2025 (was €93,099)
- Financial charges -€36,364
no longer reported in 2025 (was €36,364)
of which Financial charges: -€35,870
- Taxes -€31,690
no longer reported in 2025 (was €31,690)
- Depreciation -€17,893
no longer reported in 2025 (was €17,893)
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,410,632 | €3,410,632 | = | 0.0% |
| Fixed assets | 21/28 | €2,548,332 | €2,548,332 | = | 0.0% |
| Tangible fixed assets | 22/27 | €648,278 | €648,278 | = | 0.0% |
| Land and buildings | 22 | €639,582 | €639,582 | = | 0.0% |
| Furniture and vehicles | 24 | €8,696 | €8,696 | = | 0.0% |
| Financial fixed assets | 28 | €1,900,054 | €1,900,054 | = | 0.0% |
| Current assets | 29/58 | €862,300 | €862,300 | = | 0.0% |
| Stocks and contracts in progress | 3 | €690,000 | €690,000 | = | 0.0% |
| Stocks | 30/36 | €690,000 | €690,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €163,506 | €163,506 | = | 0.0% |
| Trade receivables | 40 | €16,940 | €16,940 | = | 0.0% |
| Other amounts receivable | 41 | €146,566 | €146,566 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7,500 | €7,500 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €1,294 | €1,294 | = | 0.0% |
| Total equity and liabilities | 10/49 | €3,410,632 | €3,410,632 | = | 0.0% |
| Equity | 10/15 | €608,578 | €608,578 | = | 0.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €333,727 | €333,727 | = | 0.0% |
| Tax-exempt reserves | 132 | €82,867 | €82,867 | = | 0.0% |
| Distributable reserves | 133 | €250,860 | €250,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €262,450 | €262,450 | = | 0.0% |
| Provisions and deferred taxes | 16 | €27,623 | €27,623 | = | 0.0% |
| Deferred taxes | 168 | €27,623 | €27,623 | = | 0.0% |
| Amounts payable | 17/49 | €2,774,432 | €2,774,432 | = | 0.0% |
| Amounts payable after more than one year | 17 | €1,708,260 | €1,708,260 | = | 0.0% |
| Financial debts | 170/4 | €1,708,260 | €1,708,260 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,066,172 | €1,066,172 | = | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €820,474 | €820,474 | = | 0.0% |
| Financial debts | 43 | €15,887 | €15,887 | = | 0.0% |
| Credit institutions | 430/8 | €15,887 | €15,887 | = | 0.0% |
| Trade debts | 44 | €3,246 | €3,246 | = | 0.0% |
| Suppliers | 440/4 | €3,246 | €3,246 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €107,361 | €107,361 | = | 0.0% |
| Taxes | 450/3 | €107,361 | €107,361 | = | 0.0% |
| Other amounts payable | 47/48 | €119,204 | €119,204 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,893 | - | -€17,893 | |
| Other operating charges | 640/8 | €93,099 | - | -€93,099 | |
| Gross operating margin | 9900 | €251,052 | - | -€251,052 | |
| Operating profit (loss) | 9901 | €140,060 | - | -€140,060 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €36,364 | - | -€36,364 | |
| Recurring financial charges | 65 | €35,870 | - | -€35,870 | |
| Non-recurring financial charges | 66B | €494 | - | -€494 | |
| Profit (loss) for the period before taxes | 9903 | €103,697 | - | -€103,697 | |
| Transfer from deferred taxes | 780 | €893 | - | -€893 | |
| Income taxes | 67/77 | €31,690 | - | -€31,690 | |
| Profit (loss) for the period | 9904 | €72,900 | - | -€72,900 | |
| Transfer from tax-exempt reserves | 789 | €2,680 | - | -€2,680 | |
| Profit (loss) for the period to be appropriated | 9905 | €75,580 | - | -€75,580 |
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 8 October 2026 via checked.be.