Licoli: 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.
Licoli
Largest movements
- Cash +€61,080
up €61,080 (+275.1%), from €22,206 to €83,286
mainly Debts after one year (+€48,086) and Net result for the year (+€28,553)
- Tangible fixed assets +€45,242
up €45,242 (+147.7%), from €30,634 to €75,876
of which Other tangible fixed assets: +€34,524
- Stocks and contracts +€2,182
new in 2025: €2,182
- Intangible fixed assets +€1,957
new in 2025: €1,957
- Debts after one year +€48,086
up €48,086 (+2483.3%), from €1,936 to €50,023
- Profit (loss) carried forward +€28,553
up €28,553 (+66.3%), from €43,057 to €71,610
- Trade debts +€14,754
up €14,754 (+101.3%), from €14,562 to €29,316
- Tax, wage and social debts +€11,363
up €11,363 (+208.6%), from €5,448 to €16,810
of which Taxes: +€8,513
- Current portion of long-term debt +€9,918
up €9,918 (+259.9%), from €3,816 to €13,734
- Staff costs +€93,810
new in 2025: €93,810
- Gross operating margin +€85,914
up €85,914 (+145.2%), from €59,173 to €145,087
- Depreciation +€9,398
up €9,398 (+267.8%), from €3,509 to €12,907
- Taxes -€4,786
down €4,786 (-41.8%), from €11,448 to €6,662
- Financial charges +€2,368
up €2,368 (+910.7%), from €260 to €2,628
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 | €73,819 | €186,493 | +€112,674 | +152.6% |
| Fixed assets | 21/28 | €39,964 | €87,163 | +€47,199 | +118.1% |
| Intangible fixed assets | 21 | - | €1,957 | +€1,957 | |
| Tangible fixed assets | 22/27 | €30,634 | €75,876 | +€45,242 | +147.7% |
| Plant, machinery and equipment | 23 | €18,900 | €17,429 | -€1,471 | -7.8% |
| Furniture and vehicles | 24 | €11,734 | €23,923 | +€12,189 | +103.9% |
| Other tangible fixed assets | 26 | - | €34,524 | +€34,524 | |
| Financial fixed assets | 28 | €9,330 | €9,330 | = | 0.0% |
| Current assets | 29/58 | €33,855 | €99,329 | +€65,475 | +193.4% |
| Stocks and contracts in progress | 3 | - | €2,182 | +€2,182 | |
| Stocks | 30/36 | - | €2,182 | +€2,182 | |
| Amounts receivable within one year | 40/41 | €11,496 | €12,546 | +€1,050 | +9.1% |
| Trade receivables | 40 | €7,635 | €3,946 | -€3,689 | -48.3% |
| Other amounts receivable | 41 | €3,860 | €8,600 | +€4,739 | +122.8% |
| Cash at bank and in hand | 54/58 | €22,206 | €83,286 | +€61,080 | +275.1% |
| Deferred charges and accrued income | 490/1 | €153 | €1,315 | +€1,162 | +758.1% |
| Total equity and liabilities | 10/49 | €73,819 | €186,493 | +€112,674 | +152.6% |
| Equity | 10/15 | €48,057 | €76,610 | +€28,553 | +59.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,057 | €71,610 | +€28,553 | +66.3% |
| Amounts payable | 17/49 | €25,762 | €109,883 | +€84,121 | +326.5% |
| Amounts payable after more than one year | 17 | €1,936 | €50,023 | +€48,086 | +2483.3% |
| Financial debts | 170/4 | €1,936 | €50,023 | +€48,086 | +2483.3% |
| Amounts payable within one year | 42/48 | €23,825 | €59,860 | +€36,035 | +151.2% |
| Current portion of amounts payable after more than one year | 42 | €3,816 | €13,734 | +€9,918 | +259.9% |
| Trade debts | 44 | €14,562 | €29,316 | +€14,754 | +101.3% |
| Suppliers | 440/4 | €14,562 | €29,316 | +€14,754 | +101.3% |
| Taxes, remuneration and social security | 45 | €5,448 | €16,810 | +€11,363 | +208.6% |
| Taxes | 450/3 | €5,448 | €13,961 | +€8,513 | +156.3% |
| Remuneration and social security | 454/9 | - | €2,850 | +€2,850 | |
| Remuneration, social security and pensions | 62 | - | €93,810 | +€93,810 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,509 | €12,907 | +€9,398 | +267.8% |
| Other operating charges | 640/8 | €941 | €1,042 | +€101 | +10.7% |
| Gross operating margin | 9900 | €59,173 | €145,087 | +€85,914 | +145.2% |
| Operating profit (loss) | 9901 | €54,723 | €37,328 | -€17,395 | -31.8% |
| Financial income | 75/76B | €42 | €515 | +€473 | +1126.8% |
| Recurring financial income | 75 | €42 | €515 | +€473 | +1126.8% |
| Financial charges | 65/66B | €260 | €2,628 | +€2,368 | +910.7% |
| Recurring financial charges | 65 | €260 | €2,628 | +€2,368 | +910.7% |
| Profit (loss) for the period before taxes | 9903 | €54,505 | €35,215 | -€19,290 | -35.4% |
| Income taxes | 67/77 | €11,448 | €6,662 | -€4,786 | -41.8% |
| Profit (loss) for the period | 9904 | €43,057 | €28,553 | -€14,504 | -33.7% |
| Profit (loss) for the period to be appropriated | 9905 | €43,057 | €28,553 | -€14,504 | -33.7% |
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 29 September 2026 via checked.be.