LIKITINA: 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.
LIKITINA
Largest movements
- Cash -€119,000
down €119,000 (-60.0%), from €198,312 to €79,313
mainly Net result for the year (-€98,372) and Debts after one year (-€40,360)
- Tangible fixed assets -€41,936
down €41,936 (-12.5%), from €334,640 to €292,705
of which Other tangible fixed assets: -€47,605
- Receivables within one year -€6,530
down €6,530 (-19.2%), from €33,948 to €27,418
of which Trade receivables: -€6,307
- Profit (loss) carried forward -€98,167
down €98,167 (-233%), from -€42,166 to -€140,333
- Debts after one year -€40,360
down €40,360 (-33.9%), from €119,106 to €78,746
- Trade debts -€24,745
down €24,745 (-13.7%), from €180,019 to €155,273
- Tax, wage and social debts -€10,974
down €10,974 (-11.7%), from €93,957 to €82,983
of which Remuneration and social security: -€5,619
- Gross operating margin -€70,254
down €70,254 (-8.7%), from €803,596 to €733,342
- Staff costs +€18,401
up €18,401 (+2.5%), from €723,178 to €741,580
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 | €597,267 | €426,022 | -€171,245 | -28.7% |
| Fixed assets | 21/28 | €335,412 | €293,236 | -€42,176 | -12.6% |
| Intangible fixed assets | 21 | €421 | €181 | -€240 | -57.0% |
| Tangible fixed assets | 22/27 | €334,640 | €292,705 | -€41,936 | -12.5% |
| Land and buildings | 22 | - | €3,565 | +€3,565 | |
| Plant, machinery and equipment | 23 | €12,793 | €16,112 | +€3,319 | +25.9% |
| Furniture and vehicles | 24 | €6,748 | €5,534 | -€1,214 | -18.0% |
| Other tangible fixed assets | 26 | €315,099 | €267,494 | -€47,605 | -15.1% |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €261,855 | €132,786 | -€129,069 | -49.3% |
| Stocks and contracts in progress | 3 | €19,354 | €19,393 | +€39 | +0.2% |
| Stocks | 30/36 | €19,354 | €19,393 | +€39 | +0.2% |
| Amounts receivable within one year | 40/41 | €33,948 | €27,418 | -€6,530 | -19.2% |
| Trade receivables | 40 | €27,902 | €21,595 | -€6,307 | -22.6% |
| Other amounts receivable | 41 | €6,046 | €5,823 | -€223 | -3.7% |
| Cash at bank and in hand | 54/58 | €198,312 | €79,313 | -€119,000 | -60.0% |
| Deferred charges and accrued income | 490/1 | €10,241 | €6,662 | -€3,579 | -34.9% |
| Total equity and liabilities | 10/49 | €597,267 | €426,022 | -€171,245 | -28.7% |
| Equity | 10/15 | -€16,961 | -€115,333 | -€98,372 | -580% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €205 | €0 | -€205 | -100% |
| Distributable reserves | 133 | €205 | €0 | -€205 | -100% |
| Profit (loss) carried forward | 14 | -€42,166 | -€140,333 | -€98,167 | -233% |
| Amounts payable | 17/49 | €614,228 | €541,356 | -€72,872 | -11.9% |
| Amounts payable after more than one year | 17 | €119,106 | €78,746 | -€40,360 | -33.9% |
| Financial debts | 170/4 | €119,106 | €78,746 | -€40,360 | -33.9% |
| Amounts payable within one year | 42/48 | €495,122 | €462,610 | -€32,512 | -6.6% |
| Current portion of amounts payable after more than one year | 42 | €46,819 | €48,390 | +€1,572 | +3.4% |
| Financial debts | 43 | €11,414 | €11,929 | +€515 | +4.5% |
| Credit institutions | 430/8 | €11,414 | €11,929 | +€515 | +4.5% |
| Trade debts | 44 | €180,019 | €155,273 | -€24,745 | -13.7% |
| Suppliers | 440/4 | €180,019 | €155,273 | -€24,745 | -13.7% |
| Taxes, remuneration and social security | 45 | €93,957 | €82,983 | -€10,974 | -11.7% |
| Taxes | 450/3 | €23,572 | €18,217 | -€5,355 | -22.7% |
| Remuneration and social security | 454/9 | €70,384 | €64,765 | -€5,619 | -8.0% |
| Other amounts payable | 47/48 | €162,914 | €164,035 | +€1,121 | +0.7% |
| Accrued charges and deferred income | 492/3 | €0 | €0 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €723,178 | €741,580 | +€18,401 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,937 | €59,276 | +€1,339 | +2.3% |
| Other operating charges | 640/8 | €14,935 | €17,988 | +€3,053 | +20.4% |
| Gross operating margin | 9900 | €803,596 | €733,342 | -€70,254 | -8.7% |
| Operating profit (loss) | 9901 | €7,545 | -€85,502 | -€93,047 | |
| Financial income | 75/76B | €322 | €0 | -€322 | -100% |
| Recurring financial income | 75 | €322 | €0 | -€322 | -100% |
| Financial charges | 65/66B | €12,146 | €12,694 | +€548 | +4.5% |
| Recurring financial charges | 65 | €12,146 | €12,694 | +€548 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,279 | -€98,196 | -€93,917 | -2,195% |
| Income taxes | 67/77 | - | €176 | +€176 | |
| Profit (loss) for the period | 9904 | -€4,279 | -€98,372 | -€94,093 | -2,199% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,279 | -€98,372 | -€94,093 | -2,199% |
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 22 October 2026 via checked.be.