I LOVE 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.
I LOVE LIGHT
Largest movements
- Financial fixed assets +€200,000
up €200,000 (+800,000%), from €25 to €200,025
- Receivables within one year -€80,876
down €80,876 (-37.7%), from €214,440 to €133,564
of which Trade receivables: -€97,716
- Tangible fixed assets +€10,936
up €10,936 (+44.2%), from €24,727 to €35,663
of which Furniture and vehicles: +€11,966
- Debts after one year +€147,974
up €147,974 (+1,857%), from €7,970 to €155,944
- Trade debts -€83,603
down €83,603 (-89.3%), from €93,646 to €10,043
- Reserves +€42,058
up €42,058 (+59.4%), from €70,829 to €112,887
- Current portion of long-term debt +€20,518
up €20,518 (+74.6%), from €27,516 to €48,033
- Tax, wage and social debts +€12,492
up €12,492 (+37.2%), from €33,584 to €46,076
of which Taxes: +€12,717
- Gross operating margin +€12,655
up €12,655 (+10.7%), from €117,735 to €130,390
- Staff costs +€8,975
up €8,975 (+21.2%), from €42,241 to €51,216
- Financial charges +€6,381
up €6,381 (+578%), from €1,103 to €7,484
- Depreciation -€1,895
down €1,895 (-14.6%), from €12,959 to €11,064
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 | €269,046 | €400,484 | +€131,438 | +48.9% |
| Fixed assets | 21/28 | €24,752 | €235,688 | +€210,936 | +852% |
| Tangible fixed assets | 22/27 | €24,727 | €35,663 | +€10,936 | +44.2% |
| Plant, machinery and equipment | 23 | €20 | €0 | -€20 | -100% |
| Furniture and vehicles | 24 | €19,761 | €31,727 | +€11,966 | +60.6% |
| Other tangible fixed assets | 26 | €4,947 | €3,937 | -€1,010 | -20.4% |
| Financial fixed assets | 28 | €25 | €200,025 | +€200,000 | +800,000% |
| Current assets | 29/58 | €244,294 | €164,796 | -€79,498 | -32.5% |
| Amounts receivable within one year | 40/41 | €214,440 | €133,564 | -€80,876 | -37.7% |
| Trade receivables | 40 | €188,831 | €91,115 | -€97,716 | -51.7% |
| Other amounts receivable | 41 | €25,608 | €42,449 | +€16,840 | +65.8% |
| Cash at bank and in hand | 54/58 | €27,571 | €29,686 | +€2,115 | +7.7% |
| Deferred charges and accrued income | 490/1 | €2,284 | €1,546 | -€737 | -32.3% |
| Total equity and liabilities | 10/49 | €269,046 | €400,484 | +€131,438 | +48.9% |
| Equity | 10/15 | €83,229 | €125,287 | +€42,058 | +50.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €70,829 | €112,887 | +€42,058 | +59.4% |
| Distributable reserves | 133 | €70,829 | €112,887 | +€42,058 | +59.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €185,818 | €275,197 | +€89,380 | +48.1% |
| Amounts payable after more than one year | 17 | €7,970 | €155,944 | +€147,974 | +1,857% |
| Financial debts | 170/4 | €7,970 | €155,944 | +€147,974 | +1,857% |
| Amounts payable within one year | 42/48 | €177,848 | €115,010 | -€62,838 | -35.3% |
| Current portion of amounts payable after more than one year | 42 | €27,516 | €48,033 | +€20,518 | +74.6% |
| Trade debts | 44 | €93,646 | €10,043 | -€83,603 | -89.3% |
| Suppliers | 440/4 | €93,646 | €10,043 | -€83,603 | -89.3% |
| Taxes, remuneration and social security | 45 | €33,584 | €46,076 | +€12,492 | +37.2% |
| Taxes | 450/3 | €21,630 | €34,347 | +€12,717 | +58.8% |
| Remuneration and social security | 454/9 | €11,955 | €11,730 | -€225 | -1.9% |
| Other amounts payable | 47/48 | €23,102 | €10,857 | -€12,245 | -53.0% |
| Accrued charges and deferred income | 492/3 | - | €4,243 | +€4,243 | |
| Remuneration, social security and pensions | 62 | €42,241 | €51,216 | +€8,975 | +21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,959 | €11,064 | -€1,895 | -14.6% |
| Other operating charges | 640/8 | €834 | €943 | +€109 | +13.1% |
| Gross operating margin | 9900 | €117,735 | €130,390 | +€12,655 | +10.7% |
| Operating profit (loss) | 9901 | €61,701 | €67,167 | +€5,466 | +8.9% |
| Financial income | 75/76B | €95 | €1,286 | +€1,191 | +1,259% |
| Recurring financial income | 75 | €95 | €1,286 | +€1,191 | +1,259% |
| Financial charges | 65/66B | €1,103 | €7,484 | +€6,381 | +578% |
| Recurring financial charges | 65 | €1,103 | €7,484 | +€6,381 | +578% |
| Profit (loss) for the period before taxes | 9903 | €60,693 | €60,968 | +€276 | +0.5% |
| Income taxes | 67/77 | €19,265 | €18,910 | -€355 | -1.8% |
| Profit (loss) for the period | 9904 | €41,427 | €42,058 | +€631 | +1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €41,427 | €42,058 | +€631 | +1.5% |
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 27 October 2026 via checked.be.