LIKERT: 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.
LIKERT
Largest movements
- Tangible fixed assets -€164,573
down €164,573 (-58.1%), from €283,341 to €118,768
of which Leasing and similar rights: -€153,955
- Cash +€46,796
up €46,796 (+1023.8%), from €4,571 to €51,366
mainly Depreciation (+€164,573) and Net result for the year (+€154,589)
- Receivables within one year -€5,076
down €5,076 (-45.5%), from €11,161 to €6,085
of which Other amounts receivable: -€10,572
- Contributions -€198,500
down €198,500 (-76.3%), from €260,000 to €61,500
- Reserves +€91,491
up €91,491 (+351.9%), from €26,000 to €117,491
of which Distributable reserves: +€111,341
- Profit (loss) carried forward +€63,098
up €63,098, from -€63,098 to €0
- Trade debts -€57,743
down €57,743 (-97.5%), from €59,239 to €1,496
- Other debts -€20,000
down €20,000 (-100.0%), from €20,000 to €0
- Gross operating margin +€303,427
up €303,427 (+396.5%), from €76,535 to €379,962
- Depreciation -€43,885
down €43,885 (-21.1%), from €208,458 to €164,573
- Other operating charges +€11,484
up €11,484 (+23.5%), from €48,791 to €60,275
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 | €305,844 | €180,487 | -€125,357 | -41.0% |
| Fixed assets | 21/28 | €283,341 | €118,768 | -€164,573 | -58.1% |
| Tangible fixed assets | 22/27 | €283,341 | €118,768 | -€164,573 | -58.1% |
| Land and buildings | 22 | €80,386 | €69,768 | -€10,618 | -13.2% |
| Leasing and similar rights | 25 | €202,955 | €49,000 | -€153,955 | -75.9% |
| Current assets | 29/58 | €22,504 | €61,719 | +€39,216 | +174.3% |
| Amounts receivable within one year | 40/41 | €11,161 | €6,085 | -€5,076 | -45.5% |
| Trade receivables | 40 | €589 | €6,085 | +€5,496 | +933.4% |
| Other amounts receivable | 41 | €10,572 | €0 | -€10,572 | -100.0% |
| Cash at bank and in hand | 54/58 | €4,571 | €51,366 | +€46,796 | +1023.8% |
| Deferred charges and accrued income | 490/1 | €6,772 | €4,268 | -€2,504 | -37.0% |
| Total equity and liabilities | 10/49 | €305,844 | €180,487 | -€125,357 | -41.0% |
| Equity | 10/15 | €222,902 | €178,991 | -€43,911 | -19.7% |
| Contributions | 10/11 | €260,000 | €61,500 | -€198,500 | -76.3% |
| Capital | 10 | €260,000 | €61,500 | -€198,500 | -76.3% |
| Issued capital | 100 | €260,000 | €61,500 | -€198,500 | -76.3% |
| Reserves | 13 | €26,000 | €117,491 | +€91,491 | +351.9% |
| Non-distributable reserves | 130/1 | €26,000 | €6,150 | -€19,850 | -76.3% |
| Legal reserve | 130 | €26,000 | €6,150 | -€19,850 | -76.3% |
| Distributable reserves | 133 | - | €111,341 | +€111,341 | |
| Profit (loss) carried forward | 14 | -€63,098 | €0 | +€63,098 | |
| Amounts payable | 17/49 | €82,942 | €1,496 | -€81,447 | -98.2% |
| Amounts payable within one year | 42/48 | €82,942 | €1,496 | -€81,447 | -98.2% |
| Trade debts | 44 | €59,239 | €1,496 | -€57,743 | -97.5% |
| Suppliers | 440/4 | €59,239 | €1,496 | -€57,743 | -97.5% |
| Taxes, remuneration and social security | 45 | €3,703 | €0 | -€3,703 | -100.0% |
| Taxes | 450/3 | €3,703 | €0 | -€3,703 | -100.0% |
| Other amounts payable | 47/48 | €20,000 | €0 | -€20,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €208,458 | €164,573 | -€43,885 | -21.1% |
| Other operating charges | 640/8 | €48,791 | €60,275 | +€11,484 | +23.5% |
| Gross operating margin | 9900 | €76,535 | €379,962 | +€303,427 | +396.5% |
| Operating profit (loss) | 9901 | -€180,714 | €155,115 | +€335,828 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,012 | €526 | -€486 | -48.1% |
| Recurring financial charges | 65 | €1,012 | €526 | -€486 | -48.1% |
| Profit (loss) for the period before taxes | 9903 | -€181,726 | €154,589 | +€336,315 | |
| Profit (loss) for the period | 9904 | -€181,726 | €154,589 | +€336,315 | |
| Profit (loss) for the period to be appropriated | 9905 | -€181,726 | €154,589 | +€336,315 |
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 6 October 2026 via checked.be.