LILCO: 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.
LILCO
Largest movements
- Stocks and contracts -€1.3m
down €1.3m (-100.0%), from €1.3m to €0
- Cash +€645,957
up €645,957 (+14045.2%), from €4,599 to €650,557
mainly Stocks and contracts (+€1.3m) and Debts after one year (+€400,000)
- Receivables after one year +€300,000
new in 2025: €300,000
- Short-term financial debts -€852,000
down €852,000 (-100.0%), from €852,000 to €0
- Debts after one year +€400,000
up €400,000 (+625.0%), from €64,000 to €464,000
of which Financial debts: +€400,000
- Profit (loss) carried forward +€127,177
up €127,177 (+33.6%), from €378,188 to €505,365
- Other debts +€19,707
up €19,707 (+239.3%), from €8,236 to €27,942
- Gross operating margin +€125,082
up €125,082 (+127.4%), from €98,205 to €223,287
- Taxes +€33,249
up €33,249 (+459.8%), from €7,231 to €40,481
- Financial charges -€17,849
down €17,849 (-25.1%), from €71,140 to €53,292
- Financial income +€3,893
up €3,893 (+15020.9%), from €26 to €3,919
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 | €1,350,064 | €1,026,192 | -€323,872 | -24.0% |
| Fixed assets | 21/28 | €40,209 | €37,026 | -€3,183 | -7.9% |
| Tangible fixed assets | 22/27 | €40,209 | €37,026 | -€3,183 | -7.9% |
| Land and buildings | 22 | €27,842 | €26,792 | -€1,050 | -3.8% |
| Plant, machinery and equipment | 23 | €9,305 | €7,881 | -€1,424 | -15.3% |
| Furniture and vehicles | 24 | €3,061 | €2,352 | -€709 | -23.2% |
| Current assets | 29/58 | €1,309,855 | €989,166 | -€320,689 | -24.5% |
| Amounts receivable after more than one year | 29 | - | €300,000 | +€300,000 | |
| Other amounts receivable | 291 | - | €300,000 | +€300,000 | |
| Stocks and contracts in progress | 3 | €1,264,670 | €0 | -€1.3m | -100.0% |
| Stocks | 30/36 | €1,264,670 | €0 | -€1.3m | -100.0% |
| Amounts receivable within one year | 40/41 | €26,247 | €27,415 | +€1,168 | +4.5% |
| Trade receivables | 40 | €23,478 | €2,411 | -€21,067 | -89.7% |
| Other amounts receivable | 41 | €2,769 | €25,004 | +€22,235 | +803.1% |
| Cash at bank and in hand | 54/58 | €4,599 | €650,557 | +€645,957 | +14045.2% |
| Deferred charges and accrued income | 490/1 | €14,339 | €11,194 | -€3,145 | -21.9% |
| Total equity and liabilities | 10/49 | €1,350,064 | €1,026,192 | -€323,872 | -24.0% |
| Equity | 10/15 | €396,788 | €523,965 | +€127,177 | +32.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €378,188 | €505,365 | +€127,177 | +33.6% |
| Amounts payable | 17/49 | €953,276 | €502,227 | -€451,049 | -47.3% |
| Amounts payable after more than one year | 17 | €64,000 | €464,000 | +€400,000 | +625.0% |
| Financial debts | 170/4 | - | €400,000 | +€400,000 | |
| Other amounts payable | 178/9 | €64,000 | €64,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €887,456 | €38,067 | -€849,389 | -95.7% |
| Financial debts | 43 | €852,000 | €0 | -€852,000 | -100.0% |
| Credit institutions | 430/8 | €852,000 | €0 | -€852,000 | -100.0% |
| Trade debts | 44 | €16,171 | €8,765 | -€7,406 | -45.8% |
| Suppliers | 440/4 | €16,171 | €8,765 | -€7,406 | -45.8% |
| Taxes, remuneration and social security | 45 | €11,049 | €1,359 | -€9,690 | -87.7% |
| Taxes | 450/3 | €11,049 | €1,359 | -€9,690 | -87.7% |
| Other amounts payable | 47/48 | €8,236 | €27,942 | +€19,707 | +239.3% |
| Accrued charges and deferred income | 492/3 | €1,820 | €160 | -€1,660 | -91.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,617 | €3,183 | -€434 | -12.0% |
| Other operating charges | 640/8 | €1,797 | €3,074 | +€1,277 | +71.0% |
| Gross operating margin | 9900 | €98,205 | €223,287 | +€125,082 | +127.4% |
| Operating profit (loss) | 9901 | €92,791 | €217,030 | +€124,240 | +133.9% |
| Financial income | 75/76B | €26 | €3,919 | +€3,893 | +15020.9% |
| Recurring financial income | 75 | €26 | €3,919 | +€3,893 | +15020.9% |
| Financial charges | 65/66B | €71,140 | €53,292 | -€17,849 | -25.1% |
| Recurring financial charges | 65 | €71,140 | €53,292 | -€17,849 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | €21,676 | €167,658 | +€145,982 | +673.5% |
| Income taxes | 67/77 | €7,231 | €40,481 | +€33,249 | +459.8% |
| Profit (loss) for the period | 9904 | €14,445 | €127,177 | +€112,732 | +780.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,445 | €127,177 | +€112,732 | +780.4% |
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 10 October 2026 via checked.be.