LICHTIM: 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.
LICHTIM
Largest movements
- Tangible fixed assets +€407,041
up €407,041 (+16.3%), from €2.5m to €2.9m
- Stocks and contracts +€206,168
up €206,168 (+20.7%), from €994,264 to €1.2m
of which Contracts in progress: +€252,968
- Cash -€118,190
down €118,190 (-70.7%), from €167,118 to €48,927
mainly Investment in fixed assets (net) (-€486,300) and Stocks and contracts (-€206,168)
- Other debts +€420,000
up €420,000 (+67.3%), from €623,928 to €1.0m
- Short-term financial debts +€375,989
up €375,989 (+53.0%), from €709,824 to €1.1m
- Trade debts -€128,784
down €128,784 (-67.8%), from €190,014 to €61,229
- Advances received -€101,250
down €101,250 (-100.0%), from €101,250 to €0
- Debts after one year -€76,732
down €76,732 (-5.3%), from €1.5m to €1.4m
of which Financial debts: -€76,732
- Gross operating margin +€55,552
up €55,552 (+62.8%), from €88,393 to €143,946
- Financial charges +€33,511
up €33,511 (+40.3%), from €83,133 to €116,644
- Depreciation +€13,728
up €13,728 (+20.6%), from €66,673 to €80,401
- Financial income -€5,282
down €5,282 (-31.5%), from €16,771 to €11,490
- Other operating charges -€3,583
down €3,583 (-41.9%), from €8,560 to €4,977
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 | €3,708,256 | €4,173,465 | +€465,209 | +12.5% |
| Formation expenses | 20 | €3,882 | €2,740 | -€1,142 | -29.4% |
| Fixed assets | 21/28 | €2,498,190 | €2,905,231 | +€407,041 | +16.3% |
| Tangible fixed assets | 22/27 | €2,498,190 | €2,905,231 | +€407,041 | +16.3% |
| Land and buildings | 22 | €2,498,190 | €2,905,231 | +€407,041 | +16.3% |
| Current assets | 29/58 | €1,206,184 | €1,265,494 | +€59,310 | +4.9% |
| Stocks and contracts in progress | 3 | €994,264 | €1,200,432 | +€206,168 | +20.7% |
| Stocks | 30/36 | €242,775 | €195,975 | -€46,800 | -19.3% |
| Contracts in progress | 37 | €751,489 | €1,004,457 | +€252,968 | +33.7% |
| Amounts receivable within one year | 40/41 | €34,947 | €2,259 | -€32,689 | -93.5% |
| Trade receivables | 40 | €18,000 | €0 | -€18,000 | -100.0% |
| Other amounts receivable | 41 | €16,947 | €2,259 | -€14,689 | -86.7% |
| Cash at bank and in hand | 54/58 | €167,118 | €48,927 | -€118,190 | -70.7% |
| Deferred charges and accrued income | 490/1 | €9,855 | €13,876 | +€4,021 | +40.8% |
| Total equity and liabilities | 10/49 | €3,708,256 | €4,173,465 | +€465,209 | +12.5% |
| Equity | 10/15 | €551,798 | €505,212 | -€46,586 | -8.4% |
| Contributions | 10/11 | €605,000 | €605,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,202 | -€99,788 | -€46,586 | -87.6% |
| Amounts payable | 17/49 | €3,156,458 | €3,668,253 | +€511,795 | +16.2% |
| Amounts payable after more than one year | 17 | €1,455,051 | €1,378,318 | -€76,732 | -5.3% |
| Financial debts | 170/4 | €1,380,051 | €1,303,318 | -€76,732 | -5.6% |
| Other amounts payable | 178/9 | €75,000 | €75,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,686,226 | €2,273,468 | +€587,242 | +34.8% |
| Current portion of amounts payable after more than one year | 42 | €53,040 | €76,732 | +€23,692 | +44.7% |
| Financial debts | 43 | €709,824 | €1,085,813 | +€375,989 | +53.0% |
| Credit institutions | 430/8 | €709,824 | €1,085,813 | +€375,989 | +53.0% |
| Trade debts | 44 | €190,014 | €61,229 | -€128,784 | -67.8% |
| Suppliers | 440/4 | €190,014 | €61,229 | -€128,784 | -67.8% |
| Advances received on contracts in progress | 46 | €101,250 | €0 | -€101,250 | -100.0% |
| Taxes, remuneration and social security | 45 | €8,170 | €5,765 | -€2,405 | -29.4% |
| Taxes | 450/3 | €8,170 | €5,765 | -€2,405 | -29.4% |
| Other amounts payable | 47/48 | €623,928 | €1,043,928 | +€420,000 | +67.3% |
| Accrued charges and deferred income | 492/3 | €15,181 | €16,467 | +€1,286 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,673 | €80,401 | +€13,728 | +20.6% |
| Other operating charges | 640/8 | €8,560 | €4,977 | -€3,583 | -41.9% |
| Gross operating margin | 9900 | €88,393 | €143,946 | +€55,552 | +62.8% |
| Operating profit (loss) | 9901 | €13,160 | €58,568 | +€45,408 | +345.0% |
| Financial income | 75/76B | €16,771 | €11,490 | -€5,282 | -31.5% |
| Recurring financial income | 75 | €16,771 | €11,490 | -€5,282 | -31.5% |
| Financial charges | 65/66B | €83,133 | €116,644 | +€33,511 | +40.3% |
| Recurring financial charges | 65 | €83,133 | €116,644 | +€33,511 | +40.3% |
| Profit (loss) for the period before taxes | 9903 | -€53,202 | -€46,586 | +€6,615 | +12.4% |
| Profit (loss) for the period | 9904 | -€53,202 | -€46,586 | +€6,615 | +12.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€53,202 | -€46,586 | +€6,615 | +12.4% |
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 12 October 2026 via checked.be.