26lights: 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.
26lights
Largest movements
- Cash -€120,604
down €120,604 (-47.9%), from €252,044 to €131,440
mainly Contributions, distributions and other (-€235,294) and Net result for the year (-€98,998)
- Receivables within one year +€43,051
up €43,051 (+9.7%), from €442,929 to €485,980
of which Trade receivables: +€43,051
- Deferred charges and accrued income -€34,182
down €34,182 (-78.3%), from €43,631 to €9,449
- Tangible fixed assets -€10,147
down €10,147 (-28.8%), from €35,284 to €25,137
of which Furniture and vehicles: -€9,879
- Reserves -€334,292
down €334,292 (-88.9%), from €376,227 to €41,935
of which Distributable reserves: -€334,292
- Provisions +€275,136
new in 2025: €275,136
- Tax, wage and social debts -€73,055
down €73,055 (-34.1%), from €214,513 to €141,458
of which Taxes: -€51,397
- Other debts +€40,208
up €40,208 (+348.9%), from €11,524 to €51,732
- Debts after one year -€24,315
down €24,315 (-25.7%), from €94,626 to €70,311
of which Financial debts: -€24,573
- Provisions +€275,136
new in 2025: €275,136
- Gross operating margin +€74,083
up €74,083 (+7.9%), from €937,206 to €1.0m
- Taxes -€33,758
down €33,758 (-99.3%), from €33,995 to €237
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 | €843,160 | €719,097 | -€124,063 | -14.7% |
| Fixed assets | 21/28 | €104,556 | €92,228 | -€12,328 | -11.8% |
| Intangible fixed assets | 21 | €49,872 | €47,691 | -€2,181 | -4.4% |
| Tangible fixed assets | 22/27 | €35,284 | €25,137 | -€10,147 | -28.8% |
| Furniture and vehicles | 24 | €34,316 | €24,437 | -€9,879 | -28.8% |
| Other tangible fixed assets | 26 | €968 | €700 | -€268 | -27.7% |
| Financial fixed assets | 28 | €19,400 | €19,400 | = | 0.0% |
| Current assets | 29/58 | €738,604 | €626,869 | -€111,735 | -15.1% |
| Amounts receivable within one year | 40/41 | €442,929 | €485,980 | +€43,051 | +9.7% |
| Trade receivables | 40 | €369,287 | €412,338 | +€43,051 | +11.7% |
| Other amounts receivable | 41 | €73,642 | €73,642 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €252,044 | €131,440 | -€120,604 | -47.9% |
| Deferred charges and accrued income | 490/1 | €43,631 | €9,449 | -€34,182 | -78.3% |
| Total equity and liabilities | 10/49 | €843,160 | €719,097 | -€124,063 | -14.7% |
| Equity | 10/15 | €394,777 | €60,485 | -€334,292 | -84.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €376,227 | €41,935 | -€334,292 | -88.9% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €374,372 | €40,080 | -€334,292 | -89.3% |
| Provisions and deferred taxes | 16 | - | €275,136 | +€275,136 | |
| Provisions for liabilities and charges | 160/5 | - | €275,136 | +€275,136 | |
| Other liabilities and charges | 164/5 | - | €275,136 | +€275,136 | |
| Amounts payable | 17/49 | €448,383 | €383,476 | -€64,907 | -14.5% |
| Amounts payable after more than one year | 17 | €94,626 | €70,311 | -€24,315 | -25.7% |
| Financial debts | 170/4 | €89,894 | €65,321 | -€24,573 | -27.3% |
| Other amounts payable | 178/9 | €4,732 | €4,990 | +€258 | +5.5% |
| Amounts payable within one year | 42/48 | €320,428 | €265,986 | -€54,442 | -17.0% |
| Current portion of amounts payable after more than one year | 42 | €23,730 | €24,573 | +€843 | +3.6% |
| Trade debts | 44 | €69,811 | €48,223 | -€21,588 | -30.9% |
| Suppliers | 440/4 | €69,811 | €48,223 | -€21,588 | -30.9% |
| Advances received on contracts in progress | 46 | €850 | - | -€850 | |
| Taxes, remuneration and social security | 45 | €214,513 | €141,458 | -€73,055 | -34.1% |
| Taxes | 450/3 | €89,221 | €37,824 | -€51,397 | -57.6% |
| Remuneration and social security | 454/9 | €125,292 | €103,634 | -€21,658 | -17.3% |
| Other amounts payable | 47/48 | €11,524 | €51,732 | +€40,208 | +348.9% |
| Accrued charges and deferred income | 492/3 | €33,329 | €47,179 | +€13,850 | +41.6% |
| Remuneration, social security and pensions | 62 | €807,920 | €806,641 | -€1,279 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,240 | €26,369 | +€8,129 | +44.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €275,136 | +€275,136 | |
| Other operating charges | 640/8 | €561 | €708 | +€147 | +26.2% |
| Non-recurring operating charges | 66A | €5,191 | - | -€5,191 | |
| Gross operating margin | 9900 | €937,206 | €1,011,289 | +€74,083 | +7.9% |
| Operating profit (loss) | 9901 | €105,294 | -€97,565 | -€202,859 | |
| Financial income | 75/76B | €43 | €5,011 | +€4,968 | +11553.5% |
| Recurring financial income | 75 | €43 | €5,011 | +€4,968 | +11553.5% |
| Financial charges | 65/66B | €7,741 | €6,207 | -€1,534 | -19.8% |
| Recurring financial charges | 65 | €7,741 | €6,207 | -€1,534 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €97,596 | -€98,761 | -€196,357 | |
| Income taxes | 67/77 | €33,995 | €237 | -€33,758 | -99.3% |
| Profit (loss) for the period | 9904 | €63,601 | -€98,998 | -€162,599 | |
| Profit (loss) for the period to be appropriated | 9905 | €63,601 | -€98,998 | -€162,599 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.