B-Light: 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.
B-Light
Largest movements
- Cash +€45,046
up €45,046 (+261%), from €17,275 to €62,322
mainly Net result for the year (+€50,711) and Receivables within one year (+€35,420)
- Receivables within one year -€35,420
down €35,420 (-14.7%), from €241,214 to €205,793
of which Trade receivables: -€29,840
- Tangible fixed assets -€11,845
down €11,845 (-26.8%), from €44,154 to €32,309
of which Furniture and vehicles: -€11,878
- Advances received +€34,788
up €34,788 (+418%), from €8,331 to €43,119
- Trade debts -€28,154
down €28,154 (-38.9%), from €72,464 to €44,310
- Debts after one year -€12,446
down €12,446 (-43.6%), from €28,541 to €16,094
- Reserves +€3,640
up €3,640 (+5.0%), from €73,360 to €77,000
of which Distributable reserves: +€5,500
- Gross operating margin +€60,274
up €60,274 (+34.4%), from €175,454 to €235,727
- Write-downs +€44,466
new in 2025: €44,466
- Taxes +€7,410
up €7,410 (+111%), from €6,646 to €14,056
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 | €340,452 | €342,631 | +€2,179 | +0.6% |
| Fixed assets | 21/28 | €44,429 | €32,584 | -€11,845 | -26.7% |
| Tangible fixed assets | 22/27 | €44,154 | €32,309 | -€11,845 | -26.8% |
| Plant, machinery and equipment | 23 | €5,381 | €5,414 | +€33 | +0.6% |
| Furniture and vehicles | 24 | €38,773 | €26,895 | -€11,878 | -30.6% |
| Financial fixed assets | 28 | €275 | €275 | = | 0.0% |
| Current assets | 29/58 | €296,023 | €310,046 | +€14,024 | +4.7% |
| Stocks and contracts in progress | 3 | €36,829 | €37,934 | +€1,105 | +3.0% |
| Stocks | 30/36 | €36,829 | €37,934 | +€1,105 | +3.0% |
| Amounts receivable within one year | 40/41 | €241,214 | €205,793 | -€35,420 | -14.7% |
| Trade receivables | 40 | €219,848 | €190,008 | -€29,840 | -13.6% |
| Other amounts receivable | 41 | €21,366 | €15,785 | -€5,580 | -26.1% |
| Cash at bank and in hand | 54/58 | €17,275 | €62,322 | +€45,046 | +261% |
| Deferred charges and accrued income | 490/1 | €705 | €3,998 | +€3,293 | +467% |
| Total equity and liabilities | 10/49 | €340,452 | €342,631 | +€2,179 | +0.6% |
| Equity | 10/15 | €174,169 | €179,880 | +€5,711 | +3.3% |
| Contributions | 10/11 | €18,600 | €20,460 | +€1,860 | +10.0% |
| Reserves | 13 | €73,360 | €77,000 | +€3,640 | +5.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €71,500 | €77,000 | +€5,500 | +7.7% |
| Profit (loss) carried forward | 14 | €82,209 | €82,420 | +€211 | +0.3% |
| Amounts payable | 17/49 | €166,283 | €162,751 | -€3,532 | -2.1% |
| Amounts payable after more than one year | 17 | €28,541 | €16,094 | -€12,446 | -43.6% |
| Financial debts | 170/4 | €28,541 | €16,094 | -€12,446 | -43.6% |
| Amounts payable within one year | 42/48 | €137,596 | €146,656 | +€9,060 | +6.6% |
| Current portion of amounts payable after more than one year | 42 | €17,920 | €17,502 | -€417 | -2.3% |
| Trade debts | 44 | €72,464 | €44,310 | -€28,154 | -38.9% |
| Suppliers | 440/4 | €72,464 | €44,310 | -€28,154 | -38.9% |
| Advances received on contracts in progress | 46 | €8,331 | €43,119 | +€34,788 | +418% |
| Taxes, remuneration and social security | 45 | €13,079 | €15,877 | +€2,798 | +21.4% |
| Taxes | 450/3 | €4,297 | €4,997 | +€700 | +16.3% |
| Remuneration and social security | 454/9 | €8,782 | €10,880 | +€2,097 | +23.9% |
| Other amounts payable | 47/48 | €25,802 | €25,848 | +€46 | +0.2% |
| Accrued charges and deferred income | 492/3 | €146 | €0 | -€146 | -100% |
| Non-recurring operating income | 76A | €413 | €0 | -€413 | -100% |
| Remuneration, social security and pensions | 62 | €109,258 | €108,572 | -€686 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,198 | €14,920 | -€278 | -1.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €44,466 | +€44,466 | |
| Other operating charges | 640/8 | €1,283 | €1,302 | +€19 | +1.5% |
| Gross operating margin | 9900 | €175,454 | €235,727 | +€60,274 | +34.4% |
| Operating profit (loss) | 9901 | €49,715 | €66,467 | +€16,752 | +33.7% |
| Financial income | 75/76B | €92 | €343 | +€251 | +274% |
| Recurring financial income | 75 | €92 | €343 | +€251 | +274% |
| Financial charges | 65/66B | €2,486 | €2,043 | -€443 | -17.8% |
| Recurring financial charges | 65 | €2,486 | €2,043 | -€443 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €47,320 | €64,767 | +€17,446 | +36.9% |
| Income taxes | 67/77 | €6,646 | €14,056 | +€7,410 | +111% |
| Profit (loss) for the period | 9904 | €40,674 | €50,711 | +€10,037 | +24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €40,674 | €50,711 | +€10,037 | +24.7% |
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 18 October 2026 via checked.be.