LICOR: 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.
LICOR
Largest movements
- Cash -€22,729
down €22,729 (-49.3%), from €46,141 to €23,412
mainly Other debts (-€87,804) and Debts after one year (-€14,286)
- Other debts -€87,804
down €87,804 (-19.1%), from €459,941 to €372,137
- Reserves +€82,896
up €82,896 (+1,323%), from €6,263 to €89,159
- Debts after one year -€14,286
down €14,286 (-100%), from €14,286 to €0
- Financial income +€57,324
up €57,324 (+46,902%), from €122 to €57,446
- Gross operating margin -€17,456
down €17,456 (-34.2%), from €51,021 to €33,565
- Taxes -€6,404
down €6,404 (-48.0%), from €13,337 to €6,934
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 | €550,118 | €526,282 | -€23,836 | -4.3% |
| Fixed assets | 21/28 | €494,985 | €494,985 | = | 0.0% |
| Financial fixed assets | 28 | €494,985 | €494,985 | = | 0.0% |
| Current assets | 29/58 | €55,133 | €31,297 | -€23,836 | -43.2% |
| Amounts receivable within one year | 40/41 | €8,850 | €7,741 | -€1,109 | -12.5% |
| Trade receivables | 40 | €5,688 | €0 | -€5,688 | -100% |
| Other amounts receivable | 41 | €3,163 | €7,741 | +€4,579 | +145% |
| Cash at bank and in hand | 54/58 | €46,141 | €23,412 | -€22,729 | -49.3% |
| Deferred charges and accrued income | 490/1 | €141 | €143 | +€2 | +1.4% |
| Total equity and liabilities | 10/49 | €550,118 | €526,282 | -€23,836 | -4.3% |
| Equity | 10/15 | €46,263 | €129,159 | +€82,896 | +179% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €6,263 | €89,159 | +€82,896 | +1,323% |
| Distributable reserves | 133 | €6,263 | €89,159 | +€82,896 | +1,323% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €503,855 | €397,123 | -€106,731 | -21.2% |
| Amounts payable after more than one year | 17 | €14,286 | €0 | -€14,286 | -100% |
| Financial debts | 170/4 | €14,286 | €0 | -€14,286 | -100% |
| Amounts payable within one year | 42/48 | €489,569 | €397,123 | -€92,446 | -18.9% |
| Current portion of amounts payable after more than one year | 42 | €14,286 | €14,286 | -€0 | 0.0% |
| Trade debts | 44 | €173 | €174 | +€1 | +0.4% |
| Suppliers | 440/4 | €173 | €174 | +€1 | +0.4% |
| Taxes, remuneration and social security | 45 | €15,169 | €10,527 | -€4,642 | -30.6% |
| Taxes | 450/3 | €13,586 | €8,944 | -€4,642 | -34.2% |
| Remuneration and social security | 454/9 | €1,583 | €1,583 | = | 0.0% |
| Other amounts payable | 47/48 | €459,941 | €372,137 | -€87,804 | -19.1% |
| Other operating charges | 640/8 | €745 | €742 | -€3 | -0.5% |
| Gross operating margin | 9900 | €51,021 | €33,565 | -€17,456 | -34.2% |
| Operating profit (loss) | 9901 | €50,276 | €32,823 | -€17,453 | -34.7% |
| Financial income | 75/76B | €122 | €57,446 | +€57,324 | +46,902% |
| Recurring financial income | 75 | €122 | €57,446 | +€57,324 | +46,902% |
| Financial charges | 65/66B | €798 | €440 | -€358 | -44.9% |
| Recurring financial charges | 65 | €798 | €440 | -€358 | -44.9% |
| Profit (loss) for the period before taxes | 9903 | €49,600 | €89,829 | +€40,229 | +81.1% |
| Income taxes | 67/77 | €13,337 | €6,934 | -€6,404 | -48.0% |
| Profit (loss) for the period | 9904 | €36,263 | €82,896 | +€46,633 | +129% |
| Profit (loss) for the period to be appropriated | 9905 | €36,263 | €82,896 | +€46,633 | +129% |
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 26 October 2026 via checked.be.