LYCOPS: 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.
LYCOPS
Largest movements
- Stocks and contracts -€44,747
down €44,747 (-24.0%), from €186,767 to €142,020
- Cash -€10,155
down €10,155 (-7.8%), from €130,133 to €119,978
mainly Net result for the year (-€79,772) and Investment in fixed assets (net) (-€8,962)
- Receivables within one year -€8,244
down €8,244 (-47.7%), from €17,267 to €9,023
of which Trade receivables: -€5,358
- Profit (loss) carried forward -€79,772
down €79,772 (-109%), from -€73,266 to -€153,038
- Trade debts +€10,438
up €10,438 (+156%), from €6,682 to €17,120
- Staff costs +€131,897
new in 2025: €131,897
- Gross operating margin +€75,147
up €75,147, from -€7,687 to €67,460
- Financial charges -€4,994
down €4,994 (-50.3%), from €9,922 to €4,927
- Financial income -€4,372
down €4,372 (-31.9%), from €13,690 to €9,318
- Depreciation -€1,972
down €1,972 (-11.9%), from €16,620 to €14,648
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 | €616,978 | €548,869 | -€68,110 | -11.0% |
| Fixed assets | 21/28 | €144,682 | €138,996 | -€5,686 | -3.9% |
| Tangible fixed assets | 22/27 | €70,175 | €64,490 | -€5,686 | -8.1% |
| Land and buildings | 22 | €28,747 | €23,947 | -€4,800 | -16.7% |
| Plant, machinery and equipment | 23 | €35,452 | €37,387 | +€1,935 | +5.5% |
| Furniture and vehicles | 24 | €5,977 | €3,156 | -€2,821 | -47.2% |
| Financial fixed assets | 28 | €74,507 | €74,507 | = | 0.0% |
| Current assets | 29/58 | €472,296 | €409,872 | -€62,424 | -13.2% |
| Stocks and contracts in progress | 3 | €186,767 | €142,020 | -€44,747 | -24.0% |
| Stocks | 30/36 | €186,767 | €142,020 | -€44,747 | -24.0% |
| Amounts receivable within one year | 40/41 | €17,267 | €9,023 | -€8,244 | -47.7% |
| Trade receivables | 40 | €14,381 | €9,023 | -€5,358 | -37.3% |
| Other amounts receivable | 41 | €2,886 | - | -€2,886 | |
| Current investments | 50/53 | €138,130 | €138,852 | +€722 | +0.5% |
| Cash at bank and in hand | 54/58 | €130,133 | €119,978 | -€10,155 | -7.8% |
| Total equity and liabilities | 10/49 | €616,978 | €548,869 | -€68,110 | -11.0% |
| Equity | 10/15 | €587,237 | €507,465 | -€79,772 | -13.6% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €635,714 | €635,714 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Distributable reserves | 133 | €633,235 | €633,235 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,266 | -€153,038 | -€79,772 | -109% |
| Amounts payable | 17/49 | €29,742 | €41,403 | +€11,662 | +39.2% |
| Amounts payable within one year | 42/48 | €29,742 | €41,403 | +€11,662 | +39.2% |
| Trade debts | 44 | €6,682 | €17,120 | +€10,438 | +156% |
| Suppliers | 440/4 | €6,682 | €17,120 | +€10,438 | +156% |
| Taxes, remuneration and social security | 45 | €23,059 | €24,284 | +€1,224 | +5.3% |
| Taxes | 450/3 | €6,943 | €7,898 | +€955 | +13.7% |
| Remuneration and social security | 454/9 | €16,116 | €16,386 | +€270 | +1.7% |
| Remuneration, social security and pensions | 62 | - | €131,897 | +€131,897 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,620 | €14,648 | -€1,972 | -11.9% |
| Other operating charges | 640/8 | €4,743 | €4,687 | -€56 | -1.2% |
| Gross operating margin | 9900 | -€7,687 | €67,460 | +€75,147 | |
| Operating profit (loss) | 9901 | -€29,050 | -€83,771 | -€54,721 | -188% |
| Financial income | 75/76B | €13,690 | €9,318 | -€4,372 | -31.9% |
| Recurring financial income | 75 | €13,690 | €9,318 | -€4,372 | -31.9% |
| Financial charges | 65/66B | €9,922 | €4,927 | -€4,994 | -50.3% |
| Recurring financial charges | 65 | €9,922 | €4,927 | -€4,994 | -50.3% |
| Profit (loss) for the period before taxes | 9903 | -€25,282 | -€79,381 | -€54,099 | -214% |
| Income taxes | 67/77 | €381 | €391 | +€10 | +2.6% |
| Profit (loss) for the period | 9904 | -€25,662 | -€79,772 | -€54,109 | -211% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,662 | -€79,772 | -€54,109 | -211% |
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 25 October 2026 via checked.be.