LICHTFORUM: 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.
LICHTFORUM
Largest movements
- Cash -€38,800
down €38,800 (-15.0%), from €257,925 to €219,125
mainly Net result for the year (-€86,040) and Trade debts (-€1,813)
- Tangible fixed assets -€24,584
down €24,584 (-66.8%), from €36,827 to €12,243
of which Land and buildings: -€18,602
- Receivables within one year -€13,987
down €13,987 (-45.3%), from €30,859 to €16,871
of which Trade receivables: -€16,748
- Reserves -€86,040
down €86,040 (-53.8%), from €159,995 to €73,955
of which Distributable reserves: -€86,040
- Other debts +€10,767
new in 2025: €10,767
- Gross operating margin +€107,174
up €107,174 (+64.3%), from -€166,740 to -€59,566
- Provisions +€22,630
up €22,630, from -€22,630 to €0
- Other operating charges -€19,206
down €19,206 (-91.9%), from €20,902 to €1,696
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 | €358,772 | €281,472 | -€77,299 | -21.5% |
| Fixed assets | 21/28 | €36,827 | €12,243 | -€24,584 | -66.8% |
| Tangible fixed assets | 22/27 | €36,827 | €12,243 | -€24,584 | -66.8% |
| Land and buildings | 22 | €18,602 | €0 | -€18,602 | -100.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €18,225 | €12,243 | -€5,982 | -32.8% |
| Current assets | 29/58 | €321,944 | €269,229 | -€52,715 | -16.4% |
| Stocks and contracts in progress | 3 | €31,663 | €31,663 | = | 0.0% |
| Stocks | 30/36 | €31,663 | €31,663 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €30,859 | €16,871 | -€13,987 | -45.3% |
| Trade receivables | 40 | €16,748 | €0 | -€16,748 | -100.0% |
| Other amounts receivable | 41 | €14,110 | €16,871 | +€2,761 | +19.6% |
| Cash at bank and in hand | 54/58 | €257,925 | €219,125 | -€38,800 | -15.0% |
| Deferred charges and accrued income | 490/1 | €1,498 | €1,570 | +€72 | +4.8% |
| Total equity and liabilities | 10/49 | €358,772 | €281,472 | -€77,299 | -21.5% |
| Equity | 10/15 | €226,926 | €140,886 | -€86,040 | -37.9% |
| Contributions | 10/11 | €66,931 | €66,931 | = | 0.0% |
| Capital | 10 | €66,931 | €66,931 | = | 0.0% |
| Issued capital | 100 | €66,931 | €66,931 | = | 0.0% |
| Reserves | 13 | €159,995 | €73,955 | -€86,040 | -53.8% |
| Non-distributable reserves | 130/1 | €6,693 | €6,693 | = | 0.0% |
| Legal reserve | 130 | €6,693 | €6,693 | = | 0.0% |
| Distributable reserves | 133 | €153,302 | €67,262 | -€86,040 | -56.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €127,370 | €127,370 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €127,370 | €127,370 | = | 0.0% |
| Environmental obligations | 163 | €127,370 | €127,370 | = | 0.0% |
| Amounts payable | 17/49 | €4,475 | €13,216 | +€8,741 | +195.3% |
| Amounts payable within one year | 42/48 | €4,475 | €13,216 | +€8,741 | +195.3% |
| Financial debts | 43 | €21 | €14 | -€7 | -32.8% |
| Credit institutions | 430/8 | €21 | €14 | -€7 | -32.8% |
| Trade debts | 44 | €3,972 | €2,159 | -€1,813 | -45.6% |
| Suppliers | 440/4 | €3,972 | €2,159 | -€1,813 | -45.6% |
| Taxes, remuneration and social security | 45 | €483 | €276 | -€207 | -42.9% |
| Taxes | 450/3 | €483 | €276 | -€207 | -42.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | - | €10,767 | +€10,767 | |
| Non-recurring operating income | 76A | €664 | €0 | -€664 | -100.0% |
| Remuneration, social security and pensions | 62 | -€1,125 | -€678 | +€447 | +39.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,982 | €5,982 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €913 | +€913 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€22,630 | €0 | +€22,630 | |
| Other operating charges | 640/8 | €20,902 | €1,696 | -€19,206 | -91.9% |
| Non-recurring operating charges | 66A | - | €18,602 | +€18,602 | |
| Gross operating margin | 9900 | -€166,740 | -€59,566 | +€107,174 | +64.3% |
| Operating profit (loss) | 9901 | -€169,868 | -€86,080 | +€83,788 | +49.3% |
| Financial income | 75/76B | €386 | €67 | -€318 | -82.6% |
| Recurring financial income | 75 | €386 | €67 | -€318 | -82.6% |
| Financial charges | 65/66B | €654 | €234 | -€420 | -64.3% |
| Recurring financial charges | 65 | €654 | €234 | -€420 | -64.3% |
| Profit (loss) for the period before taxes | 9903 | -€170,137 | -€86,247 | +€83,890 | +49.3% |
| Income taxes | 67/77 | €134 | -€207 | -€341 | |
| Profit (loss) for the period | 9904 | -€170,271 | -€86,040 | +€84,231 | +49.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€170,271 | -€86,040 | +€84,231 | +49.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.