Lycom Group: 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.
Lycom Group
Largest movements
- Cash +€19,659
up €19,659 (+55.3%), from €35,556 to €55,214
mainly Net result for the year (+€15,125) and Depreciation (+€5,439)
- Tangible fixed assets -€5,439
down €5,439 (-37.8%), from €14,391 to €8,953
- Reserves +€8,576
new in 2025: €8,576
- Profit (loss) carried forward +€6,549
no longer reported in 2025 (was -€6,549)
- Tax, wage and social debts +€4,172
up €4,172 (+179%), from €2,336 to €6,508
- Other debts -€3,500
down €3,500 (-32.7%), from €10,692 to €7,192
- Trade debts -€1,059
down €1,059 (-95.7%), from €1,106 to €47
- Gross operating margin +€14,643
up €14,643 (+109%), from €13,423 to €28,066
- Taxes +€5,796
up €5,796 (+744%), from €779 to €6,576
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 | €57,584 | €72,323 | +€14,738 | +25.6% |
| Fixed assets | 21/28 | €14,391 | €8,953 | -€5,439 | -37.8% |
| Tangible fixed assets | 22/27 | €14,391 | €8,953 | -€5,439 | -37.8% |
| Furniture and vehicles | 24 | €14,391 | €8,953 | -€5,439 | -37.8% |
| Current assets | 29/58 | €43,193 | €63,370 | +€20,177 | +46.7% |
| Amounts receivable within one year | 40/41 | €6,353 | €7,000 | +€647 | +10.2% |
| Trade receivables | 40 | €1,513 | €7,000 | +€5,487 | +363% |
| Other amounts receivable | 41 | €4,840 | - | -€4,840 | |
| Cash at bank and in hand | 54/58 | €35,556 | €55,214 | +€19,659 | +55.3% |
| Deferred charges and accrued income | 490/1 | €1,285 | €1,156 | -€129 | -10.0% |
| Total equity and liabilities | 10/49 | €57,584 | €72,323 | +€14,738 | +25.6% |
| Equity | 10/15 | €43,451 | €58,576 | +€15,125 | +34.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | - | €8,576 | +€8,576 | |
| Distributable reserves | 133 | - | €8,576 | +€8,576 | |
| Profit (loss) carried forward | 14 | -€6,549 | - | +€6,549 | |
| Amounts payable | 17/49 | €14,133 | €13,747 | -€387 | -2.7% |
| Amounts payable within one year | 42/48 | €14,133 | €13,747 | -€387 | -2.7% |
| Trade debts | 44 | €1,106 | €47 | -€1,059 | -95.7% |
| Suppliers | 440/4 | €1,106 | €47 | -€1,059 | -95.7% |
| Taxes, remuneration and social security | 45 | €2,336 | €6,508 | +€4,172 | +179% |
| Taxes | 450/3 | €2,336 | €6,508 | +€4,172 | +179% |
| Other amounts payable | 47/48 | €10,692 | €7,192 | -€3,500 | -32.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,429 | €5,439 | +€10 | +0.2% |
| Other operating charges | 640/8 | €835 | €860 | +€25 | +3.0% |
| Gross operating margin | 9900 | €13,423 | €28,066 | +€14,643 | +109% |
| Operating profit (loss) | 9901 | €7,159 | €21,767 | +€14,608 | +204% |
| Financial charges | 65/66B | €67 | €66 | -€1 | -1.5% |
| Recurring financial charges | 65 | €67 | €66 | -€1 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €7,092 | €21,701 | +€14,609 | +206% |
| Income taxes | 67/77 | €779 | €6,576 | +€5,796 | +744% |
| Profit (loss) for the period | 9904 | €6,312 | €15,125 | +€8,813 | +140% |
| Profit (loss) for the period to be appropriated | 9905 | €6,312 | €15,125 | +€8,813 | +140% |
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 13 October 2026 via checked.be.