LICOR Advies: 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.
LICOR Advies
Largest movements
- Financial fixed assets +€1.0m
up €1.0m, from €0 to €1.0m
- Deferred charges and accrued income -€89,731
down €89,731 (-99.3%), from €90,363 to €632
- Receivables within one year +€88,986
up €88,986 (+669%), from €13,310 to €102,296
of which Trade receivables: +€87,120
- Cash -€64,328
down €64,328 (-54.9%), from €117,178 to €52,849
mainly Investment in fixed assets (net) (-€1.0m) and Receivables within one year (-€88,986)
- Debts after one year +€678,374
new in 2025: €678,374
- Current portion of long-term debt +€104,518
new in 2025: €104,518
- Tax, wage and social debts +€61,375
up €61,375 (+128%), from €48,015 to €109,390
- Reserves +€45,473
up €45,473 (+26.3%), from €172,937 to €218,410
- Other debts +€37,367
up €37,367 (+785%), from €4,763 to €42,130
- Gross operating margin -€36,408
down €36,408 (-19.1%), from €190,974 to €154,565
- Financial charges +€16,582
up €16,582 (+27,178%), from €61 to €16,643
- Taxes -€8,335
down €8,335 (-20.0%), from €41,760 to €33,425
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 | €232,347 | €1,159,219 | +€926,872 | +399% |
| Fixed assets | 21/28 | €11,497 | €1,003,442 | +€991,946 | +8,628% |
| Tangible fixed assets | 22/27 | €11,497 | €3,442 | -€8,054 | -70.1% |
| Furniture and vehicles | 24 | €11,497 | €3,442 | -€8,054 | -70.1% |
| Financial fixed assets | 28 | €0 | €1,000,000 | +€1.0m | |
| Current assets | 29/58 | €220,851 | €155,777 | -€65,074 | -29.5% |
| Amounts receivable within one year | 40/41 | €13,310 | €102,296 | +€88,986 | +669% |
| Trade receivables | 40 | €13,310 | €100,430 | +€87,120 | +655% |
| Other amounts receivable | 41 | €0 | €1,866 | +€1,866 | |
| Cash at bank and in hand | 54/58 | €117,178 | €52,849 | -€64,328 | -54.9% |
| Deferred charges and accrued income | 490/1 | €90,363 | €632 | -€89,731 | -99.3% |
| Total equity and liabilities | 10/49 | €232,347 | €1,159,219 | +€926,872 | +399% |
| Equity | 10/15 | €177,937 | €223,410 | +€45,473 | +25.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €172,937 | €218,410 | +€45,473 | +26.3% |
| Distributable reserves | 133 | €172,937 | €218,410 | +€45,473 | +26.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €54,410 | €935,809 | +€881,399 | +1,620% |
| Amounts payable after more than one year | 17 | - | €678,374 | +€678,374 | |
| Financial debts | 170/4 | - | €678,374 | +€678,374 | |
| Amounts payable within one year | 42/48 | €54,410 | €257,436 | +€203,025 | +373% |
| Current portion of amounts payable after more than one year | 42 | - | €104,518 | +€104,518 | |
| Trade debts | 44 | €1,632 | €1,398 | -€234 | -14.4% |
| Suppliers | 440/4 | €1,632 | €1,398 | -€234 | -14.4% |
| Taxes, remuneration and social security | 45 | €48,015 | €109,390 | +€61,375 | +128% |
| Taxes | 450/3 | €48,015 | €109,390 | +€61,375 | +128% |
| Other amounts payable | 47/48 | €4,763 | €42,130 | +€37,367 | +785% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,054 | €8,054 | = | 0.0% |
| Other operating charges | 640/8 | €1,076 | €971 | -€105 | -9.7% |
| Gross operating margin | 9900 | €190,974 | €154,565 | -€36,408 | -19.1% |
| Operating profit (loss) | 9901 | €181,844 | €145,540 | -€36,304 | -20.0% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €61 | €16,643 | +€16,582 | +27,178% |
| Recurring financial charges | 65 | €61 | €16,643 | +€16,582 | +27,178% |
| Profit (loss) for the period before taxes | 9903 | €181,783 | €128,898 | -€52,885 | -29.1% |
| Income taxes | 67/77 | €41,760 | €33,425 | -€8,335 | -20.0% |
| Profit (loss) for the period | 9904 | €140,023 | €95,473 | -€44,550 | -31.8% |
| Profit (loss) for the period to be appropriated | 9905 | €140,023 | €95,473 | -€44,550 | -31.8% |
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 26 October 2026 via checked.be.