EURO - TENLIGHT: 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.
EURO - TENLIGHT
Largest movements
- Receivables within one year +€50,891
up €50,891 (+33.0%), from €154,397 to €205,288
of which Trade receivables: +€43,670
- Tangible fixed assets -€19,053
down €19,053 (-6.9%), from €276,103 to €257,050
of which Land and buildings: -€14,805
- Stocks and contracts -€11,662
down €11,662 (-3.0%), from €386,038 to €374,375
- Trade debts +€43,227
up €43,227 (+2,799%), from €1,545 to €44,772
- Debts after one year -€29,661
down €29,661 (-17.5%), from €169,879 to €140,218
- Gross operating margin +€8,262
up €8,262 (+40.3%), from €20,489 to €28,751
- Financial charges -€1,043
down €1,043 (-11.4%), from €9,142 to €8,100
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 | €932,208 | €945,927 | +€13,719 | +1.5% |
| Fixed assets | 21/28 | €276,227 | €257,174 | -€19,053 | -6.9% |
| Tangible fixed assets | 22/27 | €276,103 | €257,050 | -€19,053 | -6.9% |
| Land and buildings | 22 | €262,730 | €247,925 | -€14,805 | -5.6% |
| Furniture and vehicles | 24 | €13,373 | €9,125 | -€4,248 | -31.8% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €655,981 | €688,753 | +€32,772 | +5.0% |
| Stocks and contracts in progress | 3 | €386,038 | €374,375 | -€11,662 | -3.0% |
| Stocks | 30/36 | €386,038 | €374,375 | -€11,662 | -3.0% |
| Amounts receivable within one year | 40/41 | €154,397 | €205,288 | +€50,891 | +33.0% |
| Trade receivables | 40 | €137,925 | €181,594 | +€43,670 | +31.7% |
| Other amounts receivable | 41 | €16,472 | €23,693 | +€7,221 | +43.8% |
| Cash at bank and in hand | 54/58 | €114,787 | €107,876 | -€6,911 | -6.0% |
| Deferred charges and accrued income | 490/1 | €760 | €1,214 | +€454 | +59.7% |
| Total equity and liabilities | 10/49 | €932,208 | €945,927 | +€13,719 | +1.5% |
| Equity | 10/15 | €721,021 | €714,345 | -€6,676 | -0.9% |
| Contributions | 10/11 | €7,437 | €7,437 | = | 0.0% |
| Reserves | 13 | €18,909 | €18,909 | = | 0.0% |
| Distributable reserves | 133 | €18,909 | €18,909 | = | 0.0% |
| Profit (loss) carried forward | 14 | €694,675 | €687,999 | -€6,676 | -1.0% |
| Amounts payable | 17/49 | €211,187 | €231,583 | +€20,395 | +9.7% |
| Amounts payable after more than one year | 17 | €169,879 | €140,218 | -€29,661 | -17.5% |
| Financial debts | 170/4 | €169,879 | €140,218 | -€29,661 | -17.5% |
| Amounts payable within one year | 42/48 | €41,308 | €91,365 | +€50,057 | +121% |
| Current portion of amounts payable after more than one year | 42 | €27,648 | €29,187 | +€1,539 | +5.6% |
| Trade debts | 44 | €1,545 | €44,772 | +€43,227 | +2,799% |
| Suppliers | 440/4 | €1,545 | €44,772 | +€43,227 | +2,799% |
| Taxes, remuneration and social security | 45 | €11,133 | €16,423 | +€5,290 | +47.5% |
| Taxes | 450/3 | €11,133 | €16,423 | +€5,290 | +47.5% |
| Other amounts payable | 47/48 | €983 | €983 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,221 | €20,444 | +€222 | +1.1% |
| Other operating charges | 640/8 | €6,876 | €7,156 | +€280 | +4.1% |
| Gross operating margin | 9900 | €20,489 | €28,751 | +€8,262 | +40.3% |
| Operating profit (loss) | 9901 | -€6,608 | €1,151 | +€7,759 | |
| Financial income | 75/76B | €751 | €596 | -€155 | -20.6% |
| Recurring financial income | 75 | €751 | €596 | -€155 | -20.6% |
| Financial charges | 65/66B | €9,142 | €8,100 | -€1,043 | -11.4% |
| Recurring financial charges | 65 | €9,142 | €8,100 | -€1,043 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | -€15,000 | -€6,352 | +€8,647 | +57.7% |
| Income taxes | 67/77 | €309 | €324 | +€15 | +4.9% |
| Profit (loss) for the period | 9904 | -€15,309 | -€6,676 | +€8,632 | +56.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,309 | -€6,676 | +€8,632 | +56.4% |
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 23 October 2026 via checked.be.