LIKO: 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.
LIKO
Largest movements
- Stocks and contracts +€46,418
up €46,418 (+29.6%), from €157,044 to €203,463
- Tangible fixed assets -€25,516
down €25,516 (-6.3%), from €406,285 to €380,770
of which Land and buildings: -€17,276
- Trade debts +€37,948
up €37,948 (+377%), from €10,066 to €48,014
- Debts after one year -€23,602
down €23,602 (-9.3%), from €253,580 to €229,979
- Profit (loss) carried forward +€15,359
up €15,359 (+14.4%), from €106,937 to €122,296
- Depreciation +€3,275
up €3,275 (+12.6%), from €26,017 to €29,292
- Gross operating margin -€3,104
down €3,104 (-5.4%), from €57,574 to €54,470
- Taxes -€1,948
down €1,948 (-30.2%), from €6,449 to €4,501
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 | €628,025 | €649,365 | +€21,340 | +3.4% |
| Fixed assets | 21/28 | €406,310 | €380,795 | -€25,516 | -6.3% |
| Tangible fixed assets | 22/27 | €406,285 | €380,770 | -€25,516 | -6.3% |
| Land and buildings | 22 | €365,845 | €348,569 | -€17,276 | -4.7% |
| Furniture and vehicles | 24 | €40,440 | €32,201 | -€8,239 | -20.4% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €221,714 | €268,570 | +€46,856 | +21.1% |
| Stocks and contracts in progress | 3 | €157,044 | €203,463 | +€46,418 | +29.6% |
| Stocks | 30/36 | €157,044 | €203,463 | +€46,418 | +29.6% |
| Amounts receivable within one year | 40/41 | €51,422 | €55,226 | +€3,804 | +7.4% |
| Other amounts receivable | 41 | €51,422 | €55,226 | +€3,804 | +7.4% |
| Cash at bank and in hand | 54/58 | €13,248 | €9,882 | -€3,366 | -25.4% |
| Total equity and liabilities | 10/49 | €628,025 | €649,365 | +€21,340 | +3.4% |
| Equity | 10/15 | €153,937 | €169,296 | +€15,359 | +10.0% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €25,000 | €25,000 | = | 0.0% |
| Distributable reserves | 133 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €106,937 | €122,296 | +€15,359 | +14.4% |
| Amounts payable | 17/49 | €474,087 | €480,069 | +€5,981 | +1.3% |
| Amounts payable after more than one year | 17 | €253,580 | €229,979 | -€23,602 | -9.3% |
| Financial debts | 170/4 | €253,580 | €229,979 | -€23,602 | -9.3% |
| Amounts payable within one year | 42/48 | €220,507 | €250,090 | +€29,583 | +13.4% |
| Current portion of amounts payable after more than one year | 42 | €205,322 | €199,646 | -€5,677 | -2.8% |
| Trade debts | 44 | €10,066 | €48,014 | +€37,948 | +377% |
| Suppliers | 440/4 | €10,066 | €48,014 | +€37,948 | +377% |
| Taxes, remuneration and social security | 45 | €5,119 | €2,431 | -€2,688 | -52.5% |
| Taxes | 450/3 | €5,119 | €2,431 | -€2,688 | -52.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,017 | €29,292 | +€3,275 | +12.6% |
| Other operating charges | 640/8 | €1,325 | €1,565 | +€240 | +18.1% |
| Gross operating margin | 9900 | €57,574 | €54,470 | -€3,104 | -5.4% |
| Operating profit (loss) | 9901 | €30,232 | €23,612 | -€6,619 | -21.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €4,055 | €3,753 | -€303 | -7.5% |
| Recurring financial charges | 65 | €4,055 | €3,753 | -€303 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €26,176 | €19,860 | -€6,316 | -24.1% |
| Income taxes | 67/77 | €6,449 | €4,501 | -€1,948 | -30.2% |
| Profit (loss) for the period | 9904 | €19,728 | €15,359 | -€4,369 | -22.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,728 | €15,359 | -€4,369 | -22.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.