LYCOL: 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.
LYCOL
Largest movements
- Cash +€854,279
up €854,279 (+8,693%), from €9,827 to €864,105
mainly Receivables within one year (+€442,248) and Investment in fixed assets (net) (+€424,171)
- Tangible fixed assets -€531,650
down €531,650 (-43.6%), from €1.2m to €689,110
- Receivables within one year -€442,248
down €442,248 (-95.9%), from €460,983 to €18,735
- Current investments -€93,926
down €93,926 (-4.3%), from €2.2m to €2.1m
- Other debts -€277,622
down €277,622 (-52.4%), from €530,000 to €252,378
- Profit (loss) carried forward +€187,802
up €187,802 (+72.8%), from €258,117 to €445,919
- Short-term financial debts -€100,000
down €100,000 (-6.8%), from €1.5m to €1.4m
- Gross operating margin +€373,339
up €373,339, from -€14,715 to €358,623
- Financial income -€82,841
down €82,841 (-72.2%), from €114,775 to €31,934
- Taxes +€26,824
up €26,824, from €0 to €26,824
- Financial charges -€24,815
down €24,815 (-31.3%), from €79,193 to €54,378
- Other operating charges +€13,347
up €13,347 (+441%), from €3,027 to €16,374
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 | €3,870,184 | €3,658,939 | -€211,245 | -5.5% |
| Fixed assets | 21/28 | €1,222,091 | €692,741 | -€529,350 | -43.3% |
| Tangible fixed assets | 22/27 | €1,220,760 | €689,110 | -€531,650 | -43.6% |
| Land and buildings | 22 | €1,220,760 | €689,110 | -€531,650 | -43.6% |
| Financial fixed assets | 28 | €1,331 | €3,631 | +€2,300 | +173% |
| Current assets | 29/58 | €2,648,094 | €2,966,198 | +€318,104 | +12.0% |
| Amounts receivable within one year | 40/41 | €460,983 | €18,735 | -€442,248 | -95.9% |
| Other amounts receivable | 41 | €460,983 | €18,735 | -€442,248 | -95.9% |
| Current investments | 50/53 | €2,177,284 | €2,083,358 | -€93,926 | -4.3% |
| Cash at bank and in hand | 54/58 | €9,827 | €864,105 | +€854,279 | +8,693% |
| Total equity and liabilities | 10/49 | €3,870,184 | €3,658,939 | -€211,245 | -5.5% |
| Equity | 10/15 | €1,784,631 | €1,972,433 | +€187,802 | +10.5% |
| 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 | €1,026,513 | €1,026,513 | = | 0.0% |
| Non-distributable reserves | 130/1 | €651,749 | €651,749 | = | 0.0% |
| Own shares acquired | 1312 | €601,749 | €601,749 | = | 0.0% |
| Other | 1319 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €374,764 | €374,764 | = | 0.0% |
| Profit (loss) carried forward | 14 | €258,117 | €445,919 | +€187,802 | +72.8% |
| Amounts payable | 17/49 | €2,085,554 | €1,686,507 | -€399,047 | -19.1% |
| Amounts payable after more than one year | 17 | €70,296 | €45,671 | -€24,624 | -35.0% |
| Financial debts | 170/4 | €65,756 | €41,131 | -€24,624 | -37.4% |
| Other amounts payable | 178/9 | €4,540 | €4,540 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,014,258 | €1,639,835 | -€374,423 | -18.6% |
| Current portion of amounts payable after more than one year | 42 | €23,627 | €24,624 | +€997 | +4.2% |
| Financial debts | 43 | €1,460,000 | €1,360,000 | -€100,000 | -6.8% |
| Credit institutions | 430/8 | €1,460,000 | €1,360,000 | -€100,000 | -6.8% |
| Trade debts | 44 | €631 | €2,833 | +€2,202 | +349% |
| Suppliers | 440/4 | €631 | €2,833 | +€2,202 | +349% |
| Other amounts payable | 47/48 | €530,000 | €252,378 | -€277,622 | -52.4% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Non-recurring operating income | 76A | - | €379,604 | +€379,604 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116,276 | €105,179 | -€11,097 | -9.5% |
| Other operating charges | 640/8 | €3,027 | €16,374 | +€13,347 | +441% |
| Gross operating margin | 9900 | -€14,715 | €358,623 | +€373,339 | |
| Operating profit (loss) | 9901 | -€134,019 | €237,070 | +€371,089 | |
| Financial income | 75/76B | €114,775 | €31,934 | -€82,841 | -72.2% |
| Recurring financial income | 75 | €114,775 | €31,934 | -€82,841 | -72.2% |
| Financial charges | 65/66B | €79,193 | €54,378 | -€24,815 | -31.3% |
| Recurring financial charges | 65 | €79,193 | €54,378 | -€24,815 | -31.3% |
| Profit (loss) for the period before taxes | 9903 | -€98,438 | €214,626 | +€313,063 | |
| Income taxes | 67/77 | €0 | €26,824 | +€26,824 | |
| Profit (loss) for the period | 9904 | -€98,438 | €187,802 | +€286,239 | |
| Profit (loss) for the period to be appropriated | 9905 | -€98,438 | €187,802 | +€286,239 |
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 14 October 2026 via checked.be.