LICENTIA: 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.
LICENTIA
Largest movements
- Cash +€95,355
up €95,355 (+13.7%), from €694,105 to €789,460
mainly Net result for the year (+€130,369) and Depreciation (+€22,098)
- Receivables within one year +€26,092
up €26,092 (+85.7%), from €30,437 to €56,529
of which Trade receivables: +€21,108
- Tangible fixed assets -€19,629
down €19,629 (-23.8%), from €82,480 to €62,851
of which Furniture and vehicles: -€18,992
- Reserves +€130,369
up €130,369 (+12.8%), from €1.0m to €1.1m
- Debts after one year -€25,298
down €25,298 (-45.1%), from €56,065 to €30,767
- Gross operating margin +€26,801
up €26,801 (+15.6%), from €171,408 to €198,209
- Taxes +€6,569
up €6,569 (+13.8%), from €47,703 to €54,272
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 | €1,189,948 | €1,296,728 | +€106,780 | +9.0% |
| Fixed assets | 21/28 | €82,480 | €62,851 | -€19,629 | -23.8% |
| Tangible fixed assets | 22/27 | €82,480 | €62,851 | -€19,629 | -23.8% |
| Plant, machinery and equipment | 23 | €638 | €0 | -€638 | -100.0% |
| Furniture and vehicles | 24 | €81,843 | €62,851 | -€18,992 | -23.2% |
| Current assets | 29/58 | €1,107,468 | €1,233,877 | +€126,410 | +11.4% |
| Amounts receivable within one year | 40/41 | €30,437 | €56,529 | +€26,092 | +85.7% |
| Trade receivables | 40 | €30,422 | €51,529 | +€21,108 | +69.4% |
| Other amounts receivable | 41 | €16 | €5,000 | +€4,984 | +31910.2% |
| Current investments | 50/53 | €376,963 | €384,403 | +€7,441 | +2.0% |
| Cash at bank and in hand | 54/58 | €694,105 | €789,460 | +€95,355 | +13.7% |
| Deferred charges and accrued income | 490/1 | €5,962 | €3,484 | -€2,478 | -41.6% |
| Total equity and liabilities | 10/49 | €1,189,948 | €1,296,728 | +€106,780 | +9.0% |
| Equity | 10/15 | €1,083,823 | €1,214,191 | +€130,369 | +12.0% |
| Contributions | 10/11 | €67,716 | €67,716 | = | 0.0% |
| Reserves | 13 | €1,016,107 | €1,146,475 | +€130,369 | +12.8% |
| Distributable reserves | 133 | €1,016,107 | €1,146,475 | +€130,369 | +12.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €106,125 | €82,537 | -€23,588 | -22.2% |
| Amounts payable after more than one year | 17 | €56,065 | €30,767 | -€25,298 | -45.1% |
| Financial debts | 170/4 | €56,065 | €30,767 | -€25,298 | -45.1% |
| Amounts payable within one year | 42/48 | €50,060 | €51,770 | +€1,710 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €24,347 | €25,298 | +€952 | +3.9% |
| Trade debts | 44 | €639 | €3,012 | +€2,373 | +371.5% |
| Suppliers | 440/4 | €639 | €3,012 | +€2,373 | +371.5% |
| Taxes, remuneration and social security | 45 | €21,499 | €18,423 | -€3,076 | -14.3% |
| Taxes | 450/3 | €21,499 | €18,423 | -€3,076 | -14.3% |
| Other amounts payable | 47/48 | €3,575 | €5,037 | +€1,462 | +40.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,485 | €22,098 | +€613 | +2.9% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Non-recurring operating charges | 66A | - | €296 | +€296 | |
| Gross operating margin | 9900 | €171,408 | €198,209 | +€26,801 | +15.6% |
| Operating profit (loss) | 9901 | €148,955 | €174,817 | +€25,861 | +17.4% |
| Financial income | 75/76B | €16,149 | €14,323 | -€1,827 | -11.3% |
| Recurring financial income | 75 | €16,149 | €14,323 | -€1,827 | -11.3% |
| Financial charges | 65/66B | €5,517 | €4,499 | -€1,018 | -18.4% |
| Recurring financial charges | 65 | €5,517 | €4,499 | -€1,018 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €159,588 | €184,641 | +€25,052 | +15.7% |
| Income taxes | 67/77 | €47,703 | €54,272 | +€6,569 | +13.8% |
| Profit (loss) for the period | 9904 | €111,885 | €130,369 | +€18,484 | +16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €111,885 | €130,369 | +€18,484 | +16.5% |
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 10 October 2026 via checked.be.