Lico Management: 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.
Lico Management
Largest movements
- Cash +€45,214
up €45,214 (+199%), from €22,731 to €67,945
mainly Net result for the year (+€53,922) and Tax, wage and social debts (+€3,747)
- Receivables within one year +€9,907
up €9,907 (+20.3%), from €48,737 to €58,644
of which Other amounts receivable: +€8,627
- Tangible fixed assets +€2,403
new in 2025: €2,403
- Reserves +€53,922
up €53,922 (+115%), from €47,030 to €100,952
- Tax, wage and social debts +€3,747
up €3,747 (+21.7%), from €17,263 to €21,010
- Gross operating margin +€9,093
up €9,093 (+15.4%), from €59,128 to €68,220
- Taxes +€1,900
up €1,900 (+15.8%), from €12,014 to €13,914
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 | €71,470 | €129,184 | +€57,713 | +80.8% |
| Fixed assets | 21/28 | - | €2,403 | +€2,403 | |
| Tangible fixed assets | 22/27 | - | €2,403 | +€2,403 | |
| Furniture and vehicles | 24 | - | €2,403 | +€2,403 | |
| Current assets | 29/58 | €71,470 | €126,781 | +€55,310 | +77.4% |
| Amounts receivable within one year | 40/41 | €48,737 | €58,644 | +€9,907 | +20.3% |
| Trade receivables | 40 | €47,987 | €49,267 | +€1,280 | +2.7% |
| Other amounts receivable | 41 | €750 | €9,377 | +€8,627 | +1,150% |
| Cash at bank and in hand | 54/58 | €22,731 | €67,945 | +€45,214 | +199% |
| Deferred charges and accrued income | 490/1 | €2 | €192 | +€190 | +9,739% |
| Total equity and liabilities | 10/49 | €71,470 | €129,184 | +€57,713 | +80.8% |
| Equity | 10/15 | €52,030 | €105,952 | +€53,922 | +104% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €47,030 | €100,952 | +€53,922 | +115% |
| Distributable reserves | 133 | €47,030 | €100,952 | +€53,922 | +115% |
| Amounts payable | 17/49 | €19,440 | €23,232 | +€3,792 | +19.5% |
| Amounts payable within one year | 42/48 | €19,440 | €23,232 | +€3,792 | +19.5% |
| Trade debts | 44 | €2,177 | €2,222 | +€45 | +2.1% |
| Suppliers | 440/4 | €2,177 | €2,222 | +€45 | +2.1% |
| Taxes, remuneration and social security | 45 | €17,263 | €21,010 | +€3,747 | +21.7% |
| Taxes | 450/3 | €17,263 | €21,010 | +€3,747 | +21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €397 | +€397 | |
| Gross operating margin | 9900 | €59,128 | €68,220 | +€9,093 | +15.4% |
| Operating profit (loss) | 9901 | €59,128 | €67,823 | +€8,696 | +14.7% |
| Financial income | 75/76B | €2 | €193 | +€191 | +9,791% |
| Recurring financial income | 75 | €2 | €193 | +€191 | +9,791% |
| Financial charges | 65/66B | €85 | €180 | +€95 | +112% |
| Recurring financial charges | 65 | €85 | €180 | +€95 | +112% |
| Profit (loss) for the period before taxes | 9903 | €59,045 | €67,836 | +€8,791 | +14.9% |
| Income taxes | 67/77 | €12,014 | €13,914 | +€1,900 | +15.8% |
| Profit (loss) for the period | 9904 | €47,030 | €53,922 | +€6,892 | +14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €47,030 | €53,922 | +€6,892 | +14.7% |
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 16 October 2026 via checked.be.