HI - 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.
HI - LIGHT
Largest movements
- Receivables within one year +€25,666
up €25,666 (+50.3%), from €51,066 to €76,732
of which Trade receivables: +€25,666
- Cash +€13,224
up €13,224 (+2,112%), from €626 to €13,850
mainly Other debts (+€18,143) and Net result for the year (+€12,103)
- Other debts +€18,143
up €18,143 (+66.9%), from €27,130 to €45,273
- Reserves +€12,103
up €12,103 (+91.4%), from €13,241 to €25,344
of which Distributable reserves: +€12,103
- Tax, wage and social debts +€6,752
up €6,752 (+57.2%), from €11,794 to €18,545
of which Taxes: +€9,564
- Trade debts +€3,817
up €3,817 (+55.0%), from €6,938 to €10,755
- Gross operating margin +€27,278
up €27,278 (+663%), from €4,115 to €31,393
- Taxes +€9,976
up €9,976 (+2,546%), from €392 to €10,368
- Financial income -€716
down €716 (-77.7%), from €922 to €205
- Financial charges +€508
up €508 (+20.7%), from €2,456 to €2,965
- Other operating charges -€416
down €416 (-14.1%), from €2,943 to €2,527
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 | €117,698 | €157,273 | +€39,575 | +33.6% |
| Fixed assets | 21/28 | €11,390 | €11,931 | +€541 | +4.8% |
| Tangible fixed assets | 22/27 | €11,390 | €11,931 | +€541 | +4.8% |
| Plant, machinery and equipment | 23 | €260 | €202 | -€58 | -22.2% |
| Furniture and vehicles | 24 | €4,164 | €5,633 | +€1,469 | +35.3% |
| Other tangible fixed assets | 26 | €6,966 | €6,096 | -€870 | -12.5% |
| Current assets | 29/58 | €106,308 | €145,342 | +€39,034 | +36.7% |
| Amounts receivable after more than one year | 29 | €52,000 | €52,000 | = | 0.0% |
| Trade receivables | 290 | - | €52,000 | +€52,000 | |
| Other amounts receivable | 291 | €52,000 | €0 | -€52,000 | -100% |
| Amounts receivable within one year | 40/41 | €51,066 | €76,732 | +€25,666 | +50.3% |
| Trade receivables | 40 | €50,951 | €76,617 | +€25,666 | +50.4% |
| Other amounts receivable | 41 | €116 | €116 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €626 | €13,850 | +€13,224 | +2,112% |
| Deferred charges and accrued income | 490/1 | €2,615 | €2,760 | +€144 | +5.5% |
| Total equity and liabilities | 10/49 | €117,698 | €157,273 | +€39,575 | +33.6% |
| Equity | 10/15 | €45,596 | €57,700 | +€12,103 | +26.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €13,241 | €25,344 | +€12,103 | +91.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €11,381 | €23,484 | +€12,103 | +106% |
| Profit (loss) carried forward | 14 | €13,756 | €13,756 | = | 0.0% |
| Amounts payable | 17/49 | €72,101 | €99,573 | +€27,472 | +38.1% |
| Amounts payable within one year | 42/48 | €70,861 | €99,573 | +€28,712 | +40.5% |
| Financial debts | 43 | €25,000 | €25,000 | = | 0.0% |
| Credit institutions | 430/8 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €6,938 | €10,755 | +€3,817 | +55.0% |
| Suppliers | 440/4 | €6,938 | €10,755 | +€3,817 | +55.0% |
| Taxes, remuneration and social security | 45 | €11,794 | €18,545 | +€6,752 | +57.2% |
| Taxes | 450/3 | €8,981 | €18,545 | +€9,564 | +106% |
| Remuneration and social security | 454/9 | €2,812 | €0 | -€2,812 | -100% |
| Other amounts payable | 47/48 | €27,130 | €45,273 | +€18,143 | +66.9% |
| Accrued charges and deferred income | 492/3 | €1,240 | €0 | -€1,240 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,260 | €3,635 | +€375 | +11.5% |
| Other operating charges | 640/8 | €2,943 | €2,527 | -€416 | -14.1% |
| Gross operating margin | 9900 | €4,115 | €31,393 | +€27,278 | +663% |
| Operating profit (loss) | 9901 | -€2,088 | €25,231 | +€27,319 | |
| Financial income | 75/76B | €922 | €205 | -€716 | -77.7% |
| Recurring financial income | 75 | €922 | €205 | -€716 | -77.7% |
| Financial charges | 65/66B | €2,456 | €2,965 | +€508 | +20.7% |
| Recurring financial charges | 65 | €2,456 | €2,965 | +€508 | +20.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,623 | €22,472 | +€26,095 | |
| Income taxes | 67/77 | €392 | €10,368 | +€9,976 | +2,546% |
| Profit (loss) for the period | 9904 | -€4,015 | €12,103 | +€16,119 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,015 | €12,103 | +€16,119 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.