LICHTLIJN: 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.
LICHTLIJN
Largest movements
- Current investments -€50,000
down €50,000 (-71.4%), from €70,000 to €20,000
- Cash +€28,053
up €28,053 (+23.8%), from €117,835 to €145,888
mainly Current investments (+€50,000) and Net result for the year (+€23,277)
- Tangible fixed assets +€18,695
up €18,695 (+336%), from €5,572 to €24,266
of which Other tangible fixed assets: +€17,505
- Receivables within one year +€6,398
up €6,398 (+50.4%), from €12,703 to €19,101
of which Other amounts receivable: +€6,568
- Stocks and contracts -€6,329
down €6,329 (-30.0%), from €21,077 to €14,747
- Tax, wage and social debts -€3,770
no longer reported in 2025 (was €3,770)
- Reserves +€2,525
up €2,525 (+1.3%), from €194,625 to €197,150
of which Distributable reserves: +€2,525
- Trade debts -€2,465
down €2,465 (-65.3%), from €3,777 to €1,312
- Gross operating margin -€38,895
down €38,895 (-53.5%), from €72,727 to €33,833
- Depreciation -€10,082
down €10,082 (-74.5%), from €13,529 to €3,447
- Taxes -€8,437
down €8,437 (-48.2%), from €17,508 to €9,071
- Financial income +€2,308
up €2,308 (+216%), from €1,067 to €3,375
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 | €228,040 | €224,512 | -€3,528 | -1.5% |
| Fixed assets | 21/28 | €6,218 | €24,390 | +€18,172 | +292% |
| Intangible fixed assets | 21 | €523 | - | -€523 | |
| Tangible fixed assets | 22/27 | €5,572 | €24,266 | +€18,695 | +336% |
| Plant, machinery and equipment | 23 | €1,955 | €1,486 | -€469 | -24.0% |
| Furniture and vehicles | 24 | €3,532 | €5,190 | +€1,658 | +46.9% |
| Other tangible fixed assets | 26 | €85 | €17,590 | +€17,505 | +20,694% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €221,821 | €200,122 | -€21,700 | -9.8% |
| Stocks and contracts in progress | 3 | €21,077 | €14,747 | -€6,329 | -30.0% |
| Stocks | 30/36 | €21,077 | €14,747 | -€6,329 | -30.0% |
| Amounts receivable within one year | 40/41 | €12,703 | €19,101 | +€6,398 | +50.4% |
| Trade receivables | 40 | €12,703 | €12,533 | -€170 | -1.3% |
| Other amounts receivable | 41 | - | €6,568 | +€6,568 | |
| Current investments | 50/53 | €70,000 | €20,000 | -€50,000 | -71.4% |
| Cash at bank and in hand | 54/58 | €117,835 | €145,888 | +€28,053 | +23.8% |
| Deferred charges and accrued income | 490/1 | €206 | €385 | +€179 | +86.6% |
| Total equity and liabilities | 10/49 | €228,040 | €224,512 | -€3,528 | -1.5% |
| Equity | 10/15 | €219,415 | €221,939 | +€2,525 | +1.2% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €194,625 | €197,150 | +€2,525 | +1.3% |
| Tax-exempt reserves | 132 | €8,716 | €8,716 | = | 0.0% |
| Distributable reserves | 133 | €185,909 | €188,433 | +€2,525 | +1.4% |
| Amounts payable | 17/49 | €8,625 | €2,573 | -€6,052 | -70.2% |
| Amounts payable within one year | 42/48 | €8,625 | €2,573 | -€6,052 | -70.2% |
| Trade debts | 44 | €3,777 | €1,312 | -€2,465 | -65.3% |
| Suppliers | 440/4 | €3,777 | €1,312 | -€2,465 | -65.3% |
| Taxes, remuneration and social security | 45 | €3,770 | - | -€3,770 | |
| Taxes | 450/3 | €3,770 | - | -€3,770 | |
| Other amounts payable | 47/48 | €1,078 | €1,261 | +€183 | +16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,529 | €3,447 | -€10,082 | -74.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€524 | - | +€524 | |
| Other operating charges | 640/8 | €1,061 | €1,088 | +€27 | +2.5% |
| Non-recurring operating charges | 66A | €775 | - | -€775 | |
| Gross operating margin | 9900 | €72,727 | €33,833 | -€38,895 | -53.5% |
| Operating profit (loss) | 9901 | €57,887 | €29,298 | -€28,589 | -49.4% |
| Financial income | 75/76B | €1,067 | €3,375 | +€2,308 | +216% |
| Recurring financial income | 75 | €1,067 | €3,375 | +€2,308 | +216% |
| Financial charges | 65/66B | €208 | €325 | +€116 | +55.8% |
| Recurring financial charges | 65 | €208 | €325 | +€116 | +55.8% |
| Profit (loss) for the period before taxes | 9903 | €58,746 | €32,348 | -€26,398 | -44.9% |
| Income taxes | 67/77 | €17,508 | €9,071 | -€8,437 | -48.2% |
| Profit (loss) for the period | 9904 | €41,238 | €23,277 | -€17,961 | -43.6% |
| Profit (loss) for the period to be appropriated | 9905 | €41,238 | €23,277 | -€17,961 | -43.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.