LA CHIARA LUCE: 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.
LA CHIARA LUCE
Largest movements
- Tangible fixed assets -€10,499
down €10,499 (-5.7%), from €183,722 to €173,223
of which Land and buildings: -€11,193
- Cash -€6,052
down €6,052 (-54.2%), from €11,163 to €5,111
mainly Debts after one year (-€22,404) and Other debts (-€5,962)
- Receivables within one year -€5,939
down €5,939 (-84.9%), from €6,995 to €1,056
of which Trade receivables: -€5,942
- Debts after one year -€22,404
down €22,404 (-28.6%), from €78,203 to €55,800
- Current portion of long-term debt +€12,693
up €12,693 (+754%), from €1,684 to €14,376
- Other debts -€5,962
down €5,962 (-91.1%), from €6,545 to €583
- Tax, wage and social debts -€3,890
down €3,890 (-59.1%), from €6,579 to €2,688
of which Taxes: -€3,296
- Purchases and services -€27,442
down €27,442 (-33.0%), from €83,115 to €55,673
- Turnover -€24,212
down €24,212 (-29.2%), from €82,978 to €58,766
- Financial charges +€1,920
up €1,920 (+66.6%), from €2,882 to €4,802
- Gross operating margin +€1,898
up €1,898 (+10.1%), from €18,730 to €20,629
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €230,285 | €209,763 | -€20,522 | -8.9% |
| Fixed assets | 21/28 | €183,722 | €173,223 | -€10,499 | -5.7% |
| Tangible fixed assets | 22/27 | €183,722 | €173,223 | -€10,499 | -5.7% |
| Land and buildings | 22 | €183,586 | €172,394 | -€11,193 | -6.1% |
| Plant, machinery and equipment | 23 | €114 | €830 | +€716 | +628% |
| Furniture and vehicles | 24 | €22 | - | -€22 | |
| Current assets | 29/58 | €46,563 | €36,540 | -€10,023 | -21.5% |
| Stocks and contracts in progress | 3 | €27,992 | €29,953 | +€1,961 | +7.0% |
| Stocks | 30/36 | €27,992 | €29,953 | +€1,961 | +7.0% |
| Amounts receivable within one year | 40/41 | €6,995 | €1,056 | -€5,939 | -84.9% |
| Trade receivables | 40 | €6,931 | €989 | -€5,942 | -85.7% |
| Other amounts receivable | 41 | €64 | €67 | +€3 | +5.0% |
| Cash at bank and in hand | 54/58 | €11,163 | €5,111 | -€6,052 | -54.2% |
| Deferred charges and accrued income | 490/1 | €413 | €420 | +€6 | +1.5% |
| Total equity and liabilities | 10/49 | €230,285 | €209,763 | -€20,522 | -8.9% |
| Equity | 10/15 | €115,407 | €115,796 | +€389 | +0.3% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €94,901 | €96,123 | +€1,222 | +1.3% |
| Tax-exempt reserves | 132 | €38,691 | €35,467 | -€3,224 | -8.3% |
| Distributable reserves | 133 | €56,210 | €60,656 | +€4,446 | +7.9% |
| Profit (loss) carried forward | 14 | €1,756 | €923 | -€833 | -47.4% |
| Provisions and deferred taxes | 16 | €19,923 | €18,263 | -€1,660 | -8.3% |
| Deferred taxes | 168 | €19,923 | €18,263 | -€1,660 | -8.3% |
| Amounts payable | 17/49 | €94,955 | €75,704 | -€19,251 | -20.3% |
| Amounts payable after more than one year | 17 | €78,203 | €55,800 | -€22,404 | -28.6% |
| Other amounts payable | 178/9 | €78,203 | €55,800 | -€22,404 | -28.6% |
| Amounts payable within one year | 42/48 | €16,752 | €19,905 | +€3,153 | +18.8% |
| Current portion of amounts payable after more than one year | 42 | €1,684 | €14,376 | +€12,693 | +754% |
| Trade debts | 44 | €1,945 | €2,257 | +€312 | +16.0% |
| Suppliers | 440/4 | €1,945 | €2,257 | +€312 | +16.0% |
| Taxes, remuneration and social security | 45 | €6,579 | €2,688 | -€3,890 | -59.1% |
| Taxes | 450/3 | €5,984 | €2,688 | -€3,296 | -55.1% |
| Remuneration and social security | 454/9 | €594 | - | -€594 | |
| Other amounts payable | 47/48 | €6,545 | €583 | -€5,962 | -91.1% |
| Turnover | 70 | €82,978 | €58,766 | -€24,212 | -29.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €83,115 | €55,673 | -€27,442 | -33.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,364 | €11,432 | +€68 | +0.6% |
| Other operating charges | 640/8 | €2,554 | €2,642 | +€88 | +3.4% |
| Gross operating margin | 9900 | €18,730 | €20,629 | +€1,898 | +10.1% |
| Operating profit (loss) | 9901 | €4,812 | €6,555 | +€1,743 | +36.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,882 | €4,802 | +€1,920 | +66.6% |
| Recurring financial charges | 65 | €2,882 | €4,802 | +€1,920 | +66.6% |
| Profit (loss) for the period before taxes | 9903 | €1,930 | €1,753 | -€177 | -9.2% |
| Transfer from deferred taxes | 780 | €1,660 | €1,660 | = | 0.0% |
| Income taxes | 67/77 | €1,970 | €2,191 | +€221 | +11.2% |
| Profit (loss) for the period | 9904 | €1,620 | €1,222 | -€398 | -24.6% |
| Transfer from tax-exempt reserves | 789 | €3,224 | €3,224 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,844 | €4,446 | -€398 | -8.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.