Likano: 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.
Likano
Largest movements
- Financial fixed assets +€1.9m
up €1.9m (+1,318%), from €143,375 to €2.0m
- Tangible fixed assets -€60,500
down €60,500 (-7.2%), from €843,806 to €783,306
of which Land and buildings: -€38,955
- Other debts +€838,310
up €838,310 (+154%), from €545,946 to €1.4m
- Debts after one year +€763,009
up €763,009 (+168%), from €453,759 to €1.2m
- Current portion of long-term debt +€123,751
up €123,751 (+438%), from €28,240 to €151,991
- Reserves +€58,066
up €58,066 (+10,730%), from €541 to €58,607
of which Distributable reserves: +€58,066
- Profit (loss) carried forward +€30,278
up €30,278, from -€30,278 to €0
- Gross operating margin +€158,933
up €158,933 (+615%), from €25,842 to €184,775
- Taxes +€19,313
up €19,313 (+4,100%), from €471 to €19,784
- Financial income +€8,934
up €8,934 (+1,638%), from €545 to €9,479
- Financial charges +€5,204
up €5,204 (+52.9%), from €9,842 to €15,047
- Other operating charges -€2,010
down €2,010 (-20.3%), from €9,884 to €7,875
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 | €1,010,331 | €2,852,615 | +€1.8m | +182% |
| Fixed assets | 21/28 | €987,181 | €2,817,056 | +€1.8m | +185% |
| Tangible fixed assets | 22/27 | €843,806 | €783,306 | -€60,500 | -7.2% |
| Land and buildings | 22 | €762,471 | €723,516 | -€38,955 | -5.1% |
| Plant, machinery and equipment | 23 | €6,021 | €5,451 | -€571 | -9.5% |
| Furniture and vehicles | 24 | €74,584 | €54,276 | -€20,308 | -27.2% |
| Other tangible fixed assets | 26 | €729 | €64 | -€665 | -91.2% |
| Financial fixed assets | 28 | €143,375 | €2,033,750 | +€1.9m | +1,318% |
| Current assets | 29/58 | €23,150 | €35,559 | +€12,409 | +53.6% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €17,307 | €9,531 | -€7,776 | -44.9% |
| Trade receivables | 40 | €16,727 | €1,815 | -€14,912 | -89.1% |
| Other amounts receivable | 41 | €581 | €7,716 | +€7,136 | +1,229% |
| Cash at bank and in hand | 54/58 | €5,239 | €14,174 | +€8,935 | +171% |
| Deferred charges and accrued income | 490/1 | €604 | €11,854 | +€11,250 | +1,863% |
| Total equity and liabilities | 10/49 | €1,010,331 | €2,852,615 | +€1.8m | +182% |
| Equity | 10/15 | -€24,325 | €64,018 | +€88,343 | |
| Contributions | 10/11 | €5,412 | €5,412 | = | 0.0% |
| Reserves | 13 | €541 | €58,607 | +€58,066 | +10,730% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €541 | €58,607 | +€58,066 | +10,730% |
| Profit (loss) carried forward | 14 | -€30,278 | €0 | +€30,278 | |
| Amounts payable | 17/49 | €1,034,656 | €2,788,597 | +€1.8m | +170% |
| Amounts payable after more than one year | 17 | €453,759 | €1,216,767 | +€763,009 | +168% |
| Financial debts | 170/4 | €453,759 | €1,216,767 | +€763,009 | +168% |
| Amounts payable within one year | 42/48 | €580,897 | €1,569,565 | +€988,668 | +170% |
| Current portion of amounts payable after more than one year | 42 | €28,240 | €151,991 | +€123,751 | +438% |
| Trade debts | 44 | €5,959 | €4,421 | -€1,538 | -25.8% |
| Suppliers | 440/4 | €5,959 | €4,421 | -€1,538 | -25.8% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €752 | €28,897 | +€28,144 | +3,741% |
| Taxes | 450/3 | €752 | €26,433 | +€25,680 | +3,413% |
| Remuneration and social security | 454/9 | €0 | €2,464 | +€2,464 | |
| Other amounts payable | 47/48 | €545,946 | €1,384,256 | +€838,310 | +154% |
| Accrued charges and deferred income | 492/3 | €0 | €2,265 | +€2,265 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,199 | €63,206 | +€2,007 | +3.3% |
| Other operating charges | 640/8 | €9,884 | €7,875 | -€2,010 | -20.3% |
| Gross operating margin | 9900 | €25,842 | €184,775 | +€158,933 | +615% |
| Operating profit (loss) | 9901 | -€45,242 | €113,694 | +€158,936 | |
| Financial income | 75/76B | €545 | €9,479 | +€8,934 | +1,638% |
| Recurring financial income | 75 | €545 | €9,479 | +€8,934 | +1,638% |
| Financial charges | 65/66B | €9,842 | €15,047 | +€5,204 | +52.9% |
| Recurring financial charges | 65 | €9,842 | €15,047 | +€5,204 | +52.9% |
| Profit (loss) for the period before taxes | 9903 | -€54,539 | €108,127 | +€162,666 | |
| Income taxes | 67/77 | €471 | €19,784 | +€19,313 | +4,100% |
| Profit (loss) for the period | 9904 | -€55,010 | €88,343 | +€143,353 | |
| Profit (loss) for the period to be appropriated | 9905 | -€55,010 | €88,343 | +€143,353 |
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 25 October 2026 via checked.be.