LICLAAN: 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.
LICLAAN
Largest movements
- Receivables within one year +€122,293
up €122,293 (+50.2%), from €243,694 to €365,986
- Tangible fixed assets +€36,966
up €36,966 (+3,281%), from €1,127 to €38,092
- Cash +€16,146
up €16,146 (+69,236%), from €23 to €16,169
mainly Net result for the year (+€142,813) and Tax, wage and social debts (+€36,071)
- Reserves +€142,813
up €142,813 (+116%), from €122,672 to €265,485
- Tax, wage and social debts +€36,071
up €36,071 (+89.0%), from €40,521 to €76,591
- Gross operating margin +€31,554
up €31,554 (+43.2%), from €73,093 to €104,646
- Taxes +€9,269
up €9,269 (+29.7%), from €31,235 to €40,504
- Other operating charges -€5,890
down €5,890 (-94.3%), from €6,243 to €353
- Depreciation +€5,869
up €5,869 (+4,505%), from €130 to €5,999
- Financial income -€1,982
down €1,982 (-2.3%), from €88,032 to €86,050
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 | €442,102 | €617,989 | +€175,887 | +39.8% |
| Fixed assets | 21/28 | €198,143 | €235,108 | +€36,966 | +18.7% |
| Tangible fixed assets | 22/27 | €1,127 | €38,092 | +€36,966 | +3,281% |
| Furniture and vehicles | 24 | €1,127 | €38,092 | +€36,966 | +3,281% |
| Financial fixed assets | 28 | €197,016 | €197,016 | = | 0.0% |
| Current assets | 29/58 | €243,960 | €382,881 | +€138,921 | +56.9% |
| Amounts receivable within one year | 40/41 | €243,694 | €365,986 | +€122,293 | +50.2% |
| Other amounts receivable | 41 | €243,694 | €365,986 | +€122,293 | +50.2% |
| Cash at bank and in hand | 54/58 | €23 | €16,169 | +€16,146 | +69,236% |
| Deferred charges and accrued income | 490/1 | €243 | €725 | +€483 | +199% |
| Total equity and liabilities | 10/49 | €442,102 | €617,989 | +€175,887 | +39.8% |
| Equity | 10/15 | €397,862 | €540,675 | +€142,813 | +35.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €122,672 | €265,485 | +€142,813 | +116% |
| Distributable reserves | 133 | €122,672 | €265,485 | +€142,813 | +116% |
| Profit (loss) carried forward | 14 | €262,790 | €262,790 | = | 0.0% |
| Amounts payable | 17/49 | €44,240 | €77,314 | +€33,074 | +74.8% |
| Amounts payable within one year | 42/48 | €44,240 | €77,257 | +€33,017 | +74.6% |
| Trade debts | 44 | €3,719 | €666 | -€3,053 | -82.1% |
| Suppliers | 440/4 | €3,719 | €666 | -€3,053 | -82.1% |
| Taxes, remuneration and social security | 45 | €40,521 | €76,591 | +€36,071 | +89.0% |
| Taxes | 450/3 | €40,521 | €76,591 | +€36,071 | +89.0% |
| Accrued charges and deferred income | 492/3 | - | €57 | +€57 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €130 | €5,999 | +€5,869 | +4,505% |
| Other operating charges | 640/8 | €6,243 | €353 | -€5,890 | -94.3% |
| Gross operating margin | 9900 | €73,093 | €104,646 | +€31,554 | +43.2% |
| Operating profit (loss) | 9901 | €66,719 | €98,294 | +€31,575 | +47.3% |
| Financial income | 75/76B | €88,032 | €86,050 | -€1,982 | -2.3% |
| Recurring financial income | 75 | €88,032 | €86,050 | -€1,982 | -2.3% |
| Financial charges | 65/66B | €1,606 | €1,027 | -€579 | -36.1% |
| Recurring financial charges | 65 | €1,606 | €1,027 | -€579 | -36.1% |
| Profit (loss) for the period before taxes | 9903 | €153,144 | €183,317 | +€30,172 | +19.7% |
| Income taxes | 67/77 | €31,235 | €40,504 | +€9,269 | +29.7% |
| Profit (loss) for the period | 9904 | €121,910 | €142,813 | +€20,903 | +17.1% |
| Profit (loss) for the period to be appropriated | 9905 | €121,910 | €142,813 | +€20,903 | +17.1% |
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 19 October 2026 via checked.be.