LIKOR: 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.
LIKOR
Largest movements
- Stocks and contracts -€46,533
down €46,533 (-4.6%), from €1.0m to €963,190
- Intangible fixed assets -€40,983
down €40,983 (-97.5%), from €42,049 to €1,065
- Receivables within one year -€30,745
down €30,745 (-6.6%), from €469,048 to €438,303
of which Other amounts receivable: -€79,403
- Tangible fixed assets +€29,031
up €29,031 (+69.8%), from €41,605 to €70,636
of which Furniture and vehicles: +€27,489
- Advances received -€83,514
down €83,514 (-30.2%), from €276,704 to €193,190
- Trade debts +€40,361
up €40,361 (+208%), from €19,365 to €59,726
- Tax, wage and social debts -€21,896
down €21,896 (-51.8%), from €42,278 to €20,382
of which Taxes: -€15,515
- Reserves -€20,061
down €20,061 (-2.7%), from €735,161 to €715,100
of which Distributable reserves: -€20,061
- Gross operating margin -€72,115
down €72,115 (-29.3%), from €245,916 to €173,801
- Taxes -€14,269
down €14,269 (-98.8%), from €14,446 to €177
- Write-downs +€12,627
up €12,627 (+74.6%), from -€16,924 to -€4,297
- Other operating charges -€12,385
down €12,385 (-62.0%), from €19,971 to €7,586
- Staff costs +€5,221
up €5,221 (+3.6%), from €144,643 to €149,864
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 | €1,585,907 | €1,502,074 | -€83,833 | -5.3% |
| Fixed assets | 21/28 | €83,923 | €72,971 | -€10,952 | -13.1% |
| Intangible fixed assets | 21 | €42,049 | €1,065 | -€40,983 | -97.5% |
| Tangible fixed assets | 22/27 | €41,605 | €70,636 | +€29,031 | +69.8% |
| Furniture and vehicles | 24 | €35,167 | €62,655 | +€27,489 | +78.2% |
| Other tangible fixed assets | 26 | €6,438 | €7,980 | +€1,542 | +24.0% |
| Financial fixed assets | 28 | €270 | €1,270 | +€1,000 | +370% |
| Current assets | 29/58 | €1,501,984 | €1,429,103 | -€72,881 | -4.9% |
| Stocks and contracts in progress | 3 | €1,009,723 | €963,190 | -€46,533 | -4.6% |
| Stocks | 30/36 | €1,009,723 | €963,190 | -€46,533 | -4.6% |
| Amounts receivable within one year | 40/41 | €469,048 | €438,303 | -€30,745 | -6.6% |
| Trade receivables | 40 | €49,909 | €98,567 | +€48,657 | +97.5% |
| Other amounts receivable | 41 | €419,139 | €339,736 | -€79,403 | -18.9% |
| Cash at bank and in hand | 54/58 | €21,644 | €25,312 | +€3,668 | +16.9% |
| Deferred charges and accrued income | 490/1 | €1,569 | €2,298 | +€729 | +46.5% |
| Total equity and liabilities | 10/49 | €1,585,907 | €1,502,074 | -€83,833 | -5.3% |
| Equity | 10/15 | €1,235,161 | €1,215,100 | -€20,061 | -1.6% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €735,161 | €715,100 | -€20,061 | -2.7% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €59,986 | €59,986 | = | 0.0% |
| Distributable reserves | 133 | €625,175 | €605,114 | -€20,061 | -3.2% |
| Amounts payable | 17/49 | €350,746 | €286,974 | -€63,772 | -18.2% |
| Amounts payable within one year | 42/48 | €338,347 | €273,298 | -€65,049 | -19.2% |
| Trade debts | 44 | €19,365 | €59,726 | +€40,361 | +208% |
| Suppliers | 440/4 | €19,365 | €59,726 | +€40,361 | +208% |
| Advances received on contracts in progress | 46 | €276,704 | €193,190 | -€83,514 | -30.2% |
| Taxes, remuneration and social security | 45 | €42,278 | €20,382 | -€21,896 | -51.8% |
| Taxes | 450/3 | €18,973 | €3,458 | -€15,515 | -81.8% |
| Remuneration and social security | 454/9 | €23,305 | €16,924 | -€6,381 | -27.4% |
| Accrued charges and deferred income | 492/3 | €12,399 | €13,676 | +€1,277 | +10.3% |
| Remuneration, social security and pensions | 62 | €144,643 | €149,864 | +€5,221 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,552 | €56,672 | -€3,880 | -6.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€16,924 | -€4,297 | +€12,627 | +74.6% |
| Other operating charges | 640/8 | €19,971 | €7,586 | -€12,385 | -62.0% |
| Gross operating margin | 9900 | €245,916 | €173,801 | -€72,115 | -29.3% |
| Operating profit (loss) | 9901 | €37,673 | -€36,025 | -€73,697 | |
| Financial income | 75/76B | €25,666 | €25,907 | +€242 | +0.9% |
| Recurring financial income | 75 | €25,666 | €25,907 | +€242 | +0.9% |
| Financial charges | 65/66B | €12,043 | €9,767 | -€2,277 | -18.9% |
| Recurring financial charges | 65 | €12,043 | €9,767 | -€2,277 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | €51,295 | -€19,884 | -€71,179 | |
| Income taxes | 67/77 | €14,446 | €177 | -€14,269 | -98.8% |
| Profit (loss) for the period | 9904 | €36,849 | -€20,061 | -€56,910 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,849 | -€20,061 | -€56,910 |
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 24 October 2026 via checked.be.