LICOSA: 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.
LICOSA
Largest movements
- Cash +€51,240
up €51,240 (+155%), from €32,980 to €84,220
mainly Net result for the year (+€58,682) and Current investments (+€26,581)
- Current investments -€26,581
down €26,581 (-9.6%), from €276,581 to €250,000
- Receivables within one year -€14,104
down €14,104 (-36.7%), from €38,429 to €24,325
of which Other amounts receivable: -€11,023
- Other debts +€9,475
up €9,475 (+13.3%), from €71,216 to €80,691
- Gross operating margin +€26,880
up €26,880 (+52.8%), from €50,939 to €77,819
- Taxes +€5,060
up €5,060 (+47.0%), from €10,766 to €15,826
- Depreciation +€1,279
up €1,279 (+75.9%), from €1,686 to €2,965
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 | €358,272 | €369,761 | +€11,489 | +3.2% |
| Fixed assets | 21/28 | €8,857 | €9,850 | +€992 | +11.2% |
| Tangible fixed assets | 22/27 | €8,857 | €9,850 | +€992 | +11.2% |
| Furniture and vehicles | 24 | €7,450 | €9,104 | +€1,653 | +22.2% |
| Other tangible fixed assets | 26 | €1,407 | €746 | -€661 | -47.0% |
| Current assets | 29/58 | €349,414 | €359,911 | +€10,497 | +3.0% |
| Amounts receivable within one year | 40/41 | €38,429 | €24,325 | -€14,104 | -36.7% |
| Trade receivables | 40 | €25,732 | €22,651 | -€3,081 | -12.0% |
| Other amounts receivable | 41 | €12,697 | €1,674 | -€11,023 | -86.8% |
| Current investments | 50/53 | €276,581 | €250,000 | -€26,581 | -9.6% |
| Cash at bank and in hand | 54/58 | €32,980 | €84,220 | +€51,240 | +155% |
| Deferred charges and accrued income | 490/1 | €1,424 | €1,367 | -€57 | -4.0% |
| Total equity and liabilities | 10/49 | €358,272 | €369,761 | +€11,489 | +3.2% |
| Equity | 10/15 | €283,814 | €282,497 | -€1,318 | -0.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €265,151 | €263,897 | -€1,255 | -0.5% |
| Distributable reserves | 133 | €265,151 | €263,897 | -€1,255 | -0.5% |
| Profit (loss) carried forward | 14 | €63 | €0 | -€63 | -100% |
| Amounts payable | 17/49 | €74,457 | €87,264 | +€12,807 | +17.2% |
| Amounts payable within one year | 42/48 | €74,457 | €87,264 | +€12,807 | +17.2% |
| Trade debts | 44 | €3,242 | €4,964 | +€1,722 | +53.1% |
| Suppliers | 440/4 | €3,242 | €4,964 | +€1,722 | +53.1% |
| Taxes, remuneration and social security | 45 | €0 | €1,609 | +€1,609 | |
| Taxes | 450/3 | €0 | €1,609 | +€1,609 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €71,216 | €80,691 | +€9,475 | +13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,686 | €2,965 | +€1,279 | +75.9% |
| Other operating charges | 640/8 | €384 | €440 | +€56 | +14.5% |
| Gross operating margin | 9900 | €50,939 | €77,819 | +€26,880 | +52.8% |
| Operating profit (loss) | 9901 | €48,869 | €74,413 | +€25,545 | +52.3% |
| Financial income | 75/76B | €3,948 | €3,188 | -€760 | -19.2% |
| Recurring financial income | 75 | €3,948 | €3,188 | -€760 | -19.2% |
| Financial charges | 65/66B | €3,269 | €3,093 | -€176 | -5.4% |
| Recurring financial charges | 65 | €3,269 | €3,093 | -€176 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €49,548 | €74,508 | +€24,961 | +50.4% |
| Income taxes | 67/77 | €10,766 | €15,826 | +€5,060 | +47.0% |
| Profit (loss) for the period | 9904 | €38,781 | €58,682 | +€19,901 | +51.3% |
| Profit (loss) for the period to be appropriated | 9905 | €38,781 | €58,682 | +€19,901 | +51.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.