LYCON: 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.
LYCON
Largest movements
- Stocks and contracts -€194,200
down €194,200 (-52.8%), from €368,000 to €173,800
of which Stocks: -€368,000
- Receivables within one year +€18,048
up €18,048 (+2.8%), from €650,471 to €668,519
of which Other amounts receivable: +€18,048
- Tax, wage and social debts -€130,211
down €130,211 (-83.3%), from €156,381 to €26,170
- Accrued charges and deferred income -€35,000
down €35,000 (-100.0%), from €35,000 to €0
- Gross operating margin -€189,759
down €189,759, from €182,365 to -€7,394
- Other operating charges -€92,113
down €92,113 (-98.8%), from €93,231 to €1,118
- Taxes -€21,554
down €21,554 (-76.7%), from €28,100 to €6,546
- Financial income +€9,134
up €9,134 (+44.7%), from €20,433 to €29,567
- Financial charges +€3,824
up €3,824 (+342.0%), from €1,118 to €4,942
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 | €1,534,642 | €1,366,718 | -€167,924 | -10.9% |
| Fixed assets | 21/28 | €465,000 | €465,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Land and buildings | 22 | €0 | - | = | |
| Financial fixed assets | 28 | €465,000 | €465,000 | = | 0.0% |
| Current assets | 29/58 | €1,069,642 | €901,718 | -€167,924 | -15.7% |
| Stocks and contracts in progress | 3 | €368,000 | €173,800 | -€194,200 | -52.8% |
| Stocks | 30/36 | €368,000 | - | -€368,000 | |
| Contracts in progress | 37 | - | €173,800 | +€173,800 | |
| Amounts receivable within one year | 40/41 | €650,471 | €668,519 | +€18,048 | +2.8% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €650,471 | €668,519 | +€18,048 | +2.8% |
| Cash at bank and in hand | 54/58 | €51,172 | €59,400 | +€8,228 | +16.1% |
| Total equity and liabilities | 10/49 | €1,534,642 | €1,366,718 | -€167,924 | -10.9% |
| Equity | 10/15 | €1,270,643 | €1,280,211 | +€9,568 | +0.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €427,604 | €427,604 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €425,744 | €425,744 | = | 0.0% |
| Profit (loss) carried forward | 14 | €824,440 | €834,007 | +€9,568 | +1.2% |
| Amounts payable | 17/49 | €263,999 | €86,507 | -€177,491 | -67.2% |
| Amounts payable within one year | 42/48 | €228,999 | €86,507 | -€142,491 | -62.2% |
| Trade debts | 44 | €29,733 | €17,863 | -€11,869 | -39.9% |
| Suppliers | 440/4 | €29,733 | €17,863 | -€11,869 | -39.9% |
| Taxes, remuneration and social security | 45 | €156,381 | €26,170 | -€130,211 | -83.3% |
| Taxes | 450/3 | €156,381 | €26,170 | -€130,211 | -83.3% |
| Other amounts payable | 47/48 | €42,885 | €42,474 | -€411 | -1.0% |
| Accrued charges and deferred income | 492/3 | €35,000 | €0 | -€35,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €93,231 | €1,118 | -€92,113 | -98.8% |
| Gross operating margin | 9900 | €182,365 | -€7,394 | -€189,759 | |
| Operating profit (loss) | 9901 | €89,134 | -€8,512 | -€97,646 | |
| Financial income | 75/76B | €20,433 | €29,567 | +€9,134 | +44.7% |
| Recurring financial income | 75 | €20,433 | €29,567 | +€9,134 | +44.7% |
| Financial charges | 65/66B | €1,118 | €4,942 | +€3,824 | +342.0% |
| Recurring financial charges | 65 | €1,118 | €4,942 | +€3,824 | +342.0% |
| Profit (loss) for the period before taxes | 9903 | €108,449 | €16,113 | -€92,336 | -85.1% |
| Income taxes | 67/77 | €28,100 | €6,546 | -€21,554 | -76.7% |
| Profit (loss) for the period | 9904 | €80,349 | €9,568 | -€70,782 | -88.1% |
| Profit (loss) for the period to be appropriated | 9905 | €80,349 | €9,568 | -€70,782 | -88.1% |
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 11 October 2026 via checked.be.