ENLIGHTNING: what changed
Two fiscal 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.
ENLIGHTNING
Largest movements
- Cash -€63,068
down €63,068 (-46.2%), from €136,428 to €73,360
mainly Contributions, distributions and other (-€107,555) and Receivables within one year (-€60,341)
- Receivables within one year +€60,341
up €60,341 (+28623.4%), from €211 to €60,552
of which Trade receivables: +€57,019
- Tangible fixed assets -€10,197
down €10,197 (-16.4%), from €62,073 to €51,875
of which Leasing and similar rights: -€11,901
- Debts after one year -€11,901
down €11,901 (-26.1%), from €45,619 to €33,719
- Other debts -€8,628
down €8,628 (-8.5%), from €102,020 to €93,392
- Tax, wage and social debts +€5,845
up €5,845 (+26.2%), from €22,287 to €28,132
- Trade debts +€2,159
up €2,159 (+225.1%), from €959 to €3,118
- Depreciation +€10,617
up €10,617 (+321.2%), from €3,305 to €13,922
- Taxes -€2,983
down €2,983 (-8.7%), from €34,451 to €31,468
- Gross operating margin -€2,419
down €2,419 (-1.5%), from €157,607 to €155,189
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 | €201,387 | €188,862 | -€12,524 | -6.2% |
| Fixed assets | 21/28 | €62,073 | €51,875 | -€10,197 | -16.4% |
| Tangible fixed assets | 22/27 | €62,073 | €51,875 | -€10,197 | -16.4% |
| Furniture and vehicles | 24 | €3,628 | €5,482 | +€1,853 | +51.1% |
| Leasing and similar rights | 25 | €57,645 | €45,744 | -€11,901 | -20.6% |
| Other tangible fixed assets | 26 | €799 | €649 | -€150 | -18.8% |
| Current assets | 29/58 | €139,314 | €136,987 | -€2,327 | -1.7% |
| Amounts receivable within one year | 40/41 | €211 | €60,552 | +€60,341 | +28623.4% |
| Trade receivables | 40 | €0 | €57,019 | +€57,019 | |
| Other amounts receivable | 41 | €211 | €3,532 | +€3,322 | +1575.6% |
| Cash at bank and in hand | 54/58 | €136,428 | €73,360 | -€63,068 | -46.2% |
| Deferred charges and accrued income | 490/1 | €2,676 | €3,076 | +€400 | +15.0% |
| Total equity and liabilities | 10/49 | €201,387 | €188,862 | -€12,524 | -6.2% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €182,787 | €170,262 | -€12,524 | -6.9% |
| Amounts payable after more than one year | 17 | €45,619 | €33,719 | -€11,901 | -26.1% |
| Financial debts | 170/4 | €45,619 | €33,719 | -€11,901 | -26.1% |
| Amounts payable within one year | 42/48 | €137,167 | €136,544 | -€623 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €11,901 | €11,901 | = | 0.0% |
| Trade debts | 44 | €959 | €3,118 | +€2,159 | +225.1% |
| Suppliers | 440/4 | €959 | €3,118 | +€2,159 | +225.1% |
| Taxes, remuneration and social security | 45 | €22,287 | €28,132 | +€5,845 | +26.2% |
| Taxes | 450/3 | €22,287 | €28,132 | +€5,845 | +26.2% |
| Other amounts payable | 47/48 | €102,020 | €93,392 | -€8,628 | -8.5% |
| Non-recurring operating income | 76A | €9,354 | €0 | -€9,354 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,305 | €13,922 | +€10,617 | +321.2% |
| Other operating charges | 640/8 | €630 | €1,965 | +€1,335 | +212.0% |
| Gross operating margin | 9900 | €157,607 | €155,189 | -€2,419 | -1.5% |
| Operating profit (loss) | 9901 | €153,672 | €139,302 | -€14,371 | -9.4% |
| Financial income | 75/76B | €6 | €3 | -€4 | -55.3% |
| Recurring financial income | 75 | €6 | €3 | -€4 | -55.3% |
| Financial charges | 65/66B | €445 | €281 | -€164 | -36.8% |
| Recurring financial charges | 65 | €445 | €281 | -€164 | -36.8% |
| Profit (loss) for the period before taxes | 9903 | €153,233 | €139,023 | -€14,210 | -9.3% |
| Income taxes | 67/77 | €34,451 | €31,468 | -€2,983 | -8.7% |
| Profit (loss) for the period | 9904 | €118,782 | €107,555 | -€11,227 | -9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €118,782 | €107,555 | -€11,227 | -9.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.