Liceu: 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.
Liceu
Largest movements
- Cash +€79,230
up €79,230 (+33.9%), from €233,629 to €312,859
mainly Net result for the year (+€56,650) and Trade debts (+€43,645)
- Deferred charges and accrued income +€19,359
up €19,359 (+708.1%), from €2,734 to €22,093
- Tangible fixed assets -€16,812
down €16,812 (-12.7%), from €132,423 to €115,610
of which Other tangible fixed assets: -€10,027
- Reserves +€56,650
up €56,650 (+14.3%), from €397,357 to €454,008
- Trade debts +€43,645
up €43,645 (+194.4%), from €22,450 to €66,095
- Tax, wage and social debts -€11,941
down €11,941 (-47.7%), from €25,053 to €13,112
- Other debts +€10,614
up €10,614 (+113.7%), from €9,333 to €19,947
- Accrued charges and deferred income -€8,541
down €8,541 (-78.5%), from €10,881 to €2,340
- Gross operating margin +€8,982
up €8,982 (+8.9%), from €101,403 to €110,385
- Depreciation +€2,239
up €2,239 (+13.8%), from €16,170 to €18,410
- Taxes +€1,843
up €1,843 (+8.0%), from €23,183 to €25,026
- Financial charges +€1,480
up €1,480 (+25.4%), from €5,840 to €7,320
- Other operating charges +€1,161
up €1,161 (+61.8%), from €1,877 to €3,038
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 | €557,600 | €640,996 | +€83,396 | +15.0% |
| Fixed assets | 21/28 | €132,423 | €115,610 | -€16,812 | -12.7% |
| Tangible fixed assets | 22/27 | €132,423 | €115,610 | -€16,812 | -12.7% |
| Plant, machinery and equipment | 23 | €953 | €659 | -€294 | -30.9% |
| Furniture and vehicles | 24 | €19,206 | €12,715 | -€6,491 | -33.8% |
| Other tangible fixed assets | 26 | €112,264 | €102,236 | -€10,027 | -8.9% |
| Current assets | 29/58 | €425,178 | €525,386 | +€100,208 | +23.6% |
| Amounts receivable within one year | 40/41 | €188,815 | €190,435 | +€1,620 | +0.9% |
| Trade receivables | 40 | €147,364 | €140,515 | -€6,850 | -4.6% |
| Other amounts receivable | 41 | €41,451 | €49,920 | +€8,469 | +20.4% |
| Cash at bank and in hand | 54/58 | €233,629 | €312,859 | +€79,230 | +33.9% |
| Deferred charges and accrued income | 490/1 | €2,734 | €22,093 | +€19,359 | +708.1% |
| Total equity and liabilities | 10/49 | €557,600 | €640,996 | +€83,396 | +15.0% |
| Equity | 10/15 | €403,857 | €460,508 | +€56,650 | +14.0% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €397,357 | €454,008 | +€56,650 | +14.3% |
| Distributable reserves | 133 | €397,357 | €454,008 | +€56,650 | +14.3% |
| Amounts payable | 17/49 | €153,743 | €180,489 | +€26,745 | +17.4% |
| Amounts payable after more than one year | 17 | €78,994 | €71,881 | -€7,114 | -9.0% |
| Financial debts | 170/4 | €78,994 | €71,881 | -€7,114 | -9.0% |
| Amounts payable within one year | 42/48 | €63,867 | €106,268 | +€42,400 | +66.4% |
| Current portion of amounts payable after more than one year | 42 | €7,031 | €7,114 | +€82 | +1.2% |
| Trade debts | 44 | €22,450 | €66,095 | +€43,645 | +194.4% |
| Suppliers | 440/4 | €22,450 | €66,095 | +€43,645 | +194.4% |
| Taxes, remuneration and social security | 45 | €25,053 | €13,112 | -€11,941 | -47.7% |
| Taxes | 450/3 | €25,053 | €13,112 | -€11,941 | -47.7% |
| Other amounts payable | 47/48 | €9,333 | €19,947 | +€10,614 | +113.7% |
| Accrued charges and deferred income | 492/3 | €10,881 | €2,340 | -€8,541 | -78.5% |
| Non-recurring operating income | 76A | €14,000 | - | -€14,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,170 | €18,410 | +€2,239 | +13.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €15 | +€15 | |
| Other operating charges | 640/8 | €1,877 | €3,038 | +€1,161 | +61.8% |
| Gross operating margin | 9900 | €101,403 | €110,385 | +€8,982 | +8.9% |
| Operating profit (loss) | 9901 | €83,356 | €88,922 | +€5,566 | +6.7% |
| Financial income | 75/76B | €87 | €75 | -€12 | -13.9% |
| Recurring financial income | 75 | €87 | €75 | -€12 | -13.9% |
| Financial charges | 65/66B | €5,840 | €7,320 | +€1,480 | +25.4% |
| Recurring financial charges | 65 | €5,840 | €7,320 | +€1,480 | +25.4% |
| Profit (loss) for the period before taxes | 9903 | €77,603 | €81,677 | +€4,074 | +5.2% |
| Income taxes | 67/77 | €23,183 | €25,026 | +€1,843 | +8.0% |
| Profit (loss) for the period | 9904 | €54,420 | €56,650 | +€2,231 | +4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €54,420 | €56,650 | +€2,231 | +4.1% |
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 9 October 2026 via checked.be.