LIECA: 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.
LIECA
Largest movements
- Cash +€58,045
up €58,045 (+40.6%), from €142,858 to €200,904
mainly Other debts (+€60,123) and Current investments (+€50,000)
- Receivables within one year +€52,983
up €52,983 (+52.1%), from €101,604 to €154,587
of which Other amounts receivable: +€40,230
- Current investments -€50,000
no longer reported in 2025 (was €50,000)
- Tangible fixed assets -€18,506
down €18,506 (-17.3%), from €107,027 to €88,521
of which Furniture and vehicles: -€12,341
- Other debts +€60,123
up €60,123 (+69.7%), from €86,227 to €146,351
- Reserves -€22,063
down €22,063 (-9.0%), from €246,318 to €224,255
- Tax, wage and social debts +€13,322
up €13,322 (+90.3%), from €14,751 to €28,073
- Depreciation -€6,544
down €6,544 (-26.0%), from €25,133 to €18,589
- Financial income +€2,556
up €2,556 (+193.8%), from €1,319 to €3,875
- Taxes +€2,536
up €2,536 (+19.1%), from €13,278 to €15,814
- Financial charges -€811
down €811 (-11.0%), from €7,378 to €6,567
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 | €402,451 | €446,814 | +€44,363 | +11.0% |
| Fixed assets | 21/28 | €107,027 | €88,521 | -€18,506 | -17.3% |
| Tangible fixed assets | 22/27 | €107,027 | €88,521 | -€18,506 | -17.3% |
| Land and buildings | 22 | €73,942 | €69,183 | -€4,758 | -6.4% |
| Plant, machinery and equipment | 23 | €1,022 | - | -€1,022 | |
| Furniture and vehicles | 24 | €31,646 | €19,305 | -€12,341 | -39.0% |
| Other tangible fixed assets | 26 | €417 | €32 | -€385 | -92.3% |
| Current assets | 29/58 | €295,424 | €358,293 | +€62,869 | +21.3% |
| Amounts receivable within one year | 40/41 | €101,604 | €154,587 | +€52,983 | +52.1% |
| Trade receivables | 40 | €69,888 | €82,640 | +€12,752 | +18.2% |
| Other amounts receivable | 41 | €31,716 | €71,947 | +€40,230 | +126.8% |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €142,858 | €200,904 | +€58,045 | +40.6% |
| Deferred charges and accrued income | 490/1 | €962 | €2,803 | +€1,841 | +191.5% |
| Total equity and liabilities | 10/49 | €402,451 | €446,814 | +€44,363 | +11.0% |
| Equity | 10/15 | €286,318 | €264,255 | -€22,063 | -7.7% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €246,318 | €224,255 | -€22,063 | -9.0% |
| Distributable reserves | 133 | €246,318 | €224,255 | -€22,063 | -9.0% |
| Amounts payable | 17/49 | €116,133 | €182,559 | +€66,426 | +57.2% |
| Amounts payable within one year | 42/48 | €109,130 | €176,257 | +€67,127 | +61.5% |
| Current portion of amounts payable after more than one year | 42 | €2,843 | - | -€2,843 | |
| Trade debts | 44 | €5,308 | €1,834 | -€3,474 | -65.4% |
| Suppliers | 440/4 | €5,308 | €1,834 | -€3,474 | -65.4% |
| Taxes, remuneration and social security | 45 | €14,751 | €28,073 | +€13,322 | +90.3% |
| Taxes | 450/3 | €14,751 | €28,073 | +€13,322 | +90.3% |
| Other amounts payable | 47/48 | €86,227 | €146,351 | +€60,123 | +69.7% |
| Accrued charges and deferred income | 492/3 | €7,003 | €6,301 | -€701 | -10.0% |
| Non-recurring operating income | 76A | €246 | €478 | +€232 | +94.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,133 | €18,589 | -€6,544 | -26.0% |
| Other operating charges | 640/8 | €2,383 | €2,559 | +€176 | +7.4% |
| Gross operating margin | 9900 | €80,698 | €80,256 | -€442 | -0.5% |
| Operating profit (loss) | 9901 | €53,182 | €59,108 | +€5,926 | +11.1% |
| Financial income | 75/76B | €1,319 | €3,875 | +€2,556 | +193.8% |
| Recurring financial income | 75 | €1,319 | €3,875 | +€2,556 | +193.8% |
| Financial charges | 65/66B | €7,378 | €6,567 | -€811 | -11.0% |
| Recurring financial charges | 65 | €7,378 | €6,567 | -€811 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €47,123 | €56,415 | +€9,292 | +19.7% |
| Income taxes | 67/77 | €13,278 | €15,814 | +€2,536 | +19.1% |
| Profit (loss) for the period | 9904 | €33,845 | €40,602 | +€6,757 | +20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,845 | €40,602 | +€6,757 | +20.0% |
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 28 September 2026 via checked.be.