LICORN: 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.
LICORN
Largest movements
- Receivables within one year -€20,526
down €20,526 (-52.7%), from €38,963 to €18,436
of which Trade receivables: -€12,616
- Cash +€8,300
up €8,300 (+69.2%), from €11,996 to €20,296
mainly Receivables within one year (+€20,526) and Depreciation (+€3,217)
- Deferred charges and accrued income -€2,301
down €2,301 (-46.4%), from €4,958 to €2,657
- Tangible fixed assets -€1,098
down €1,098 (-26.0%), from €4,227 to €3,129
of which Furniture and vehicles: -€2,997
- Profit (loss) carried forward -€13,221
down €13,221 (-36.9%), from €35,873 to €22,652
- Trade debts -€4,058
down €4,058 (-100.0%), from €4,058 to €0
- Tax, wage and social debts +€1,663
up €1,663 (+13.7%), from €12,130 to €13,792
of which Remuneration and social security: +€3,903
- Gross operating margin -€18,185
down €18,185, from €13,876 to -€4,308
- Depreciation -€1,971
down €1,971 (-38.0%), from €5,188 to €3,217
- Taxes -€1,129
down €1,129 (-76.2%), from €1,481 to €352
- Financial charges -€448
down €448 (-8.3%), from €5,389 to €4,941
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 | €60,143 | €44,519 | -€15,624 | -26.0% |
| Fixed assets | 21/28 | €4,227 | €3,129 | -€1,098 | -26.0% |
| Tangible fixed assets | 22/27 | €4,227 | €3,129 | -€1,098 | -26.0% |
| Plant, machinery and equipment | 23 | - | €1,899 | +€1,899 | |
| Furniture and vehicles | 24 | €4,227 | €1,229 | -€2,997 | -70.9% |
| Current assets | 29/58 | €55,916 | €41,390 | -€14,526 | -26.0% |
| Amounts receivable within one year | 40/41 | €38,963 | €18,436 | -€20,526 | -52.7% |
| Trade receivables | 40 | €30,589 | €17,973 | -€12,616 | -41.2% |
| Other amounts receivable | 41 | €8,374 | €463 | -€7,911 | -94.5% |
| Cash at bank and in hand | 54/58 | €11,996 | €20,296 | +€8,300 | +69.2% |
| Deferred charges and accrued income | 490/1 | €4,958 | €2,657 | -€2,301 | -46.4% |
| Total equity and liabilities | 10/49 | €60,143 | €44,519 | -€15,624 | -26.0% |
| Equity | 10/15 | €43,933 | €30,712 | -€13,221 | -30.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,873 | €22,652 | -€13,221 | -36.9% |
| Amounts payable | 17/49 | €16,210 | €13,806 | -€2,403 | -14.8% |
| Amounts payable within one year | 42/48 | €16,210 | €13,806 | -€2,403 | -14.8% |
| Trade debts | 44 | €4,058 | €0 | -€4,058 | -100.0% |
| Suppliers | 440/4 | €4,058 | €0 | -€4,058 | -100.0% |
| Taxes, remuneration and social security | 45 | €12,130 | €13,792 | +€1,663 | +13.7% |
| Taxes | 450/3 | €12,079 | €9,838 | -€2,241 | -18.6% |
| Remuneration and social security | 454/9 | €51 | €3,954 | +€3,903 | +7690.1% |
| Other amounts payable | 47/48 | €22 | €14 | -€8 | -37.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,188 | €3,217 | -€1,971 | -38.0% |
| Other operating charges | 640/8 | €463 | €528 | +€64 | +13.9% |
| Gross operating margin | 9900 | €13,876 | -€4,308 | -€18,185 | |
| Operating profit (loss) | 9901 | €8,225 | -€8,053 | -€16,278 | |
| Financial income | 75/76B | €69 | €125 | +€56 | +81.6% |
| Recurring financial income | 75 | €69 | €125 | +€56 | +81.6% |
| Financial charges | 65/66B | €5,389 | €4,941 | -€448 | -8.3% |
| Recurring financial charges | 65 | €5,389 | €4,941 | -€448 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €2,905 | -€12,869 | -€15,774 | |
| Income taxes | 67/77 | €1,481 | €352 | -€1,129 | -76.2% |
| Profit (loss) for the period | 9904 | €1,424 | -€13,221 | -€14,645 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,424 | -€13,221 | -€14,645 |
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 5 October 2026 via checked.be.