Licéno: 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.
Licéno
Largest movements
- Cash +€11,714
up €11,714 (+13,233%), from €89 to €11,803
mainly Depreciation (+€8,470) and Net result for the year (+€6,244)
- Tangible fixed assets -€8,470
down €8,470 (-25.8%), from €32,856 to €24,386
- Reserves +€6,244
up €6,244 (+30.3%), from €20,574 to €26,817
- Other debts -€3,327
down €3,327 (-32.2%), from €10,316 to €6,990
- Accrued charges and deferred income +€1,847
new in 2025: €1,847
- Tax, wage and social debts -€1,281
down €1,281 (-24.3%), from €5,262 to €3,981
of which Taxes: -€2,179
- Depreciation +€7,571
up €7,571 (+842%), from €899 to €8,470
- Gross operating margin -€5,678
down €5,678 (-23.0%), from €24,721 to €19,043
- Taxes -€1,729
down €1,729 (-35.9%), from €4,812 to €3,083
- Other operating charges +€749
up €749 (+166%), from €451 to €1,200
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 | €36,252 | €39,735 | +€3,483 | +9.6% |
| Fixed assets | 21/28 | €32,856 | €24,386 | -€8,470 | -25.8% |
| Tangible fixed assets | 22/27 | €32,856 | €24,386 | -€8,470 | -25.8% |
| Furniture and vehicles | 24 | €32,856 | €24,386 | -€8,470 | -25.8% |
| Current assets | 29/58 | €3,395 | €15,349 | +€11,954 | +352% |
| Cash at bank and in hand | 54/58 | €89 | €11,803 | +€11,714 | +13,233% |
| Deferred charges and accrued income | 490/1 | €3,307 | €3,546 | +€239 | +7.2% |
| Total equity and liabilities | 10/49 | €36,252 | €39,735 | +€3,483 | +9.6% |
| Equity | 10/15 | €20,674 | €26,917 | +€6,244 | +30.2% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €20,574 | €26,817 | +€6,244 | +30.3% |
| Distributable reserves | 133 | €20,574 | €26,817 | +€6,244 | +30.3% |
| Amounts payable | 17/49 | €15,578 | €12,818 | -€2,760 | -17.7% |
| Amounts payable within one year | 42/48 | €15,578 | €10,971 | -€4,607 | -29.6% |
| Taxes, remuneration and social security | 45 | €5,262 | €3,981 | -€1,281 | -24.3% |
| Taxes | 450/3 | €5,262 | €3,083 | -€2,179 | -41.4% |
| Remuneration and social security | 454/9 | - | €898 | +€898 | |
| Other amounts payable | 47/48 | €10,316 | €6,990 | -€3,327 | -32.2% |
| Accrued charges and deferred income | 492/3 | - | €1,847 | +€1,847 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €899 | €8,470 | +€7,571 | +842% |
| Other operating charges | 640/8 | €451 | €1,200 | +€749 | +166% |
| Gross operating margin | 9900 | €24,721 | €19,043 | -€5,678 | -23.0% |
| Operating profit (loss) | 9901 | €23,370 | €9,372 | -€13,998 | -59.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | - | €46 | +€46 | |
| Recurring financial charges | 65 | - | €46 | +€46 | |
| Profit (loss) for the period before taxes | 9903 | €23,370 | €9,326 | -€14,044 | -60.1% |
| Income taxes | 67/77 | €4,812 | €3,083 | -€1,729 | -35.9% |
| Profit (loss) for the period | 9904 | €18,559 | €6,244 | -€12,315 | -66.4% |
| Profit (loss) for the period to be appropriated | 9905 | €18,559 | €6,244 | -€12,315 | -66.4% |
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 17 October 2026 via checked.be.