LICON: 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.
LICON
Largest movements
- Cash +€27,312
up €27,312 (+849.6%), from €3,215 to €30,527
mainly Net result for the year (+€14,991) and Receivables within one year (+€11,412)
- Receivables within one year -€11,412
down €11,412 (-20.0%), from €56,920 to €45,509
of which Trade receivables: -€16,485
- Deferred charges and accrued income -€1,228
down €1,228 (-37.6%), from €3,265 to €2,037
- Tangible fixed assets +€950
up €950 (+7.3%), from €13,051 to €14,001
of which Plant, machinery and equipment: +€890
- Reserves +€14,991
up €14,991 (+28.2%), from €53,184 to €68,174
of which Distributable reserves: +€15,921
- Gross operating margin -€6,284
down €6,284 (-17.0%), from €37,067 to €30,783
- Other operating charges -€1,940
down €1,940 (-50.0%), from €3,879 to €1,939
- Financial charges +€1,069
up €1,069 (+79.0%), from €1,353 to €2,422
- Taxes +€1,040
up €1,040 (+15.6%), from €6,675 to €7,715
- Depreciation +€653
up €653 (+20.1%), from €3,254 to €3,906
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 | €76,451 | €92,074 | +€15,623 | +20.4% |
| Fixed assets | 21/28 | €13,051 | €14,001 | +€950 | +7.3% |
| Tangible fixed assets | 22/27 | €13,051 | €14,001 | +€950 | +7.3% |
| Plant, machinery and equipment | 23 | €9,097 | €9,988 | +€890 | +9.8% |
| Furniture and vehicles | 24 | €3,953 | €4,013 | +€60 | +1.5% |
| Current assets | 29/58 | €63,400 | €78,073 | +€14,673 | +23.1% |
| Amounts receivable within one year | 40/41 | €56,920 | €45,509 | -€11,412 | -20.0% |
| Trade receivables | 40 | €54,951 | €38,465 | -€16,485 | -30.0% |
| Other amounts receivable | 41 | €1,970 | €7,044 | +€5,074 | +257.6% |
| Cash at bank and in hand | 54/58 | €3,215 | €30,527 | +€27,312 | +849.6% |
| Deferred charges and accrued income | 490/1 | €3,265 | €2,037 | -€1,228 | -37.6% |
| Total equity and liabilities | 10/49 | €76,451 | €92,074 | +€15,623 | +20.4% |
| Equity | 10/15 | €56,184 | €71,174 | +€14,991 | +26.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €53,184 | €68,174 | +€14,991 | +28.2% |
| Tax-exempt reserves | 132 | €930 | - | -€930 | |
| Distributable reserves | 133 | €52,254 | €68,174 | +€15,921 | +30.5% |
| Amounts payable | 17/49 | €20,267 | €20,899 | +€632 | +3.1% |
| Amounts payable within one year | 42/48 | €19,760 | €20,250 | +€490 | +2.5% |
| Trade debts | 44 | €6,575 | €7,033 | +€458 | +7.0% |
| Suppliers | 440/4 | €6,575 | €7,033 | +€458 | +7.0% |
| Taxes, remuneration and social security | 45 | €12,353 | €13,218 | +€865 | +7.0% |
| Taxes | 450/3 | €12,353 | €13,218 | +€865 | +7.0% |
| Other amounts payable | 47/48 | €833 | - | -€833 | |
| Accrued charges and deferred income | 492/3 | €507 | €649 | +€142 | +28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,254 | €3,906 | +€653 | +20.1% |
| Other operating charges | 640/8 | €3,879 | €1,939 | -€1,940 | -50.0% |
| Gross operating margin | 9900 | €37,067 | €30,783 | -€6,284 | -17.0% |
| Operating profit (loss) | 9901 | €29,934 | €24,937 | -€4,997 | -16.7% |
| Financial income | 75/76B | €144 | €191 | +€47 | +32.9% |
| Recurring financial income | 75 | €144 | €191 | +€47 | +32.9% |
| Financial charges | 65/66B | €1,353 | €2,422 | +€1,069 | +79.0% |
| Recurring financial charges | 65 | €1,353 | €2,422 | +€1,069 | +79.0% |
| Profit (loss) for the period before taxes | 9903 | €28,725 | €22,706 | -€6,019 | -21.0% |
| Income taxes | 67/77 | €6,675 | €7,715 | +€1,040 | +15.6% |
| Profit (loss) for the period | 9904 | €22,050 | €14,991 | -€7,059 | -32.0% |
| Transfer from tax-exempt reserves | 789 | - | €930 | +€930 | |
| Transfer to tax-exempt reserves | 689 | €501 | - | -€501 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,549 | €15,921 | -€5,628 | -26.1% |
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 9 October 2026 via checked.be.