LICO: what changed
Two fiscal 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.
LICO
Largest movements
- Tangible fixed assets -€13,273
down €13,273 (-5.5%), from €241,997 to €228,724
of which Land and buildings: -€12,237
- Deferred charges and accrued income +€3,554
new in 2025: €3,554
- Receivables within one year -€3,526
down €3,526 (-80.3%), from €4,391 to €866
of which Other amounts receivable: -€2,057
- Other debts -€11,650
down €11,650 (-5.5%), from €210,442 to €198,792
- Reserves -€3,347
down €3,347 (-7.5%), from €44,805 to €41,458
of which Distributable reserves: -€3,347
- Gross operating margin -€2,562
down €2,562 (-13.2%), from €19,388 to €16,825
- Depreciation -€487
down €487 (-3.5%), from €13,760 to €13,273
- Other operating charges +€206
up €206 (+3.1%), from €6,634 to €6,840
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 | €275,479 | €263,150 | -€12,329 | -4.5% |
| Fixed assets | 21/28 | €265,547 | €252,273 | -€13,273 | -5.0% |
| Tangible fixed assets | 22/27 | €241,997 | €228,724 | -€13,273 | -5.5% |
| Land and buildings | 22 | €239,373 | €227,136 | -€12,237 | -5.1% |
| Plant, machinery and equipment | 23 | €2,624 | €1,588 | -€1,036 | -39.5% |
| Financial fixed assets | 28 | €23,550 | €23,550 | = | 0.0% |
| Current assets | 29/58 | €9,932 | €10,876 | +€944 | +9.5% |
| Amounts receivable within one year | 40/41 | €4,391 | €866 | -€3,526 | -80.3% |
| Trade receivables | 40 | €1,468 | - | -€1,468 | |
| Other amounts receivable | 41 | €2,923 | €866 | -€2,057 | -70.4% |
| Cash at bank and in hand | 54/58 | €5,541 | €6,457 | +€916 | +16.5% |
| Deferred charges and accrued income | 490/1 | - | €3,554 | +€3,554 | |
| Total equity and liabilities | 10/49 | €275,479 | €263,150 | -€12,329 | -4.5% |
| Equity | 10/15 | €63,405 | €60,058 | -€3,347 | -5.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €44,805 | €41,458 | -€3,347 | -7.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,609 | €13,609 | = | 0.0% |
| Distributable reserves | 133 | €29,335 | €25,988 | -€3,347 | -11.4% |
| Amounts payable | 17/49 | €212,074 | €203,092 | -€8,982 | -4.2% |
| Amounts payable within one year | 42/48 | €212,074 | €203,092 | -€8,982 | -4.2% |
| Trade debts | 44 | €1,633 | €4,300 | +€2,667 | +163.4% |
| Suppliers | 440/4 | €1,633 | €4,300 | +€2,667 | +163.4% |
| Other amounts payable | 47/48 | €210,442 | €198,792 | -€11,650 | -5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,760 | €13,273 | -€487 | -3.5% |
| Other operating charges | 640/8 | €6,634 | €6,840 | +€206 | +3.1% |
| Gross operating margin | 9900 | €19,388 | €16,825 | -€2,562 | -13.2% |
| Operating profit (loss) | 9901 | -€1,007 | -€3,288 | -€2,281 | -226.6% |
| Financial charges | 65/66B | €60 | €59 | -€1 | -1.0% |
| Recurring financial charges | 65 | €60 | €59 | -€1 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,067 | -€3,347 | -€2,280 | -213.8% |
| Profit (loss) for the period | 9904 | -€1,067 | -€3,347 | -€2,280 | -213.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,067 | -€3,347 | -€2,280 | -213.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.