LICHTTORENSTRAND: 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.
LICHTTORENSTRAND
Largest movements
- Receivables within one year +€80,713
up €80,713 (+35.3%), from €228,524 to €309,237
of which Other amounts receivable: +€60,810
- Cash -€39,038
down €39,038 (-51.5%), from €75,845 to €36,808
mainly Contributions, distributions and other (-€300,000) and Receivables within one year (-€80,713)
- Tangible fixed assets -€22,343
down €22,343 (-4.9%), from €454,438 to €432,095
of which Land and buildings: -€21,594
- Debts after one year -€45,312
down €45,312 (-17.8%), from €254,976 to €209,664
- Reserves +€31,238
up €31,238 (+34.6%), from €90,313 to €121,551
- Short-term financial debts +€25,623
up €25,623 (+6,452%), from €397 to €26,020
- Other debts -€25,000
down €25,000 (-7.7%), from €325,000 to €300,000
- Advances received +€15,050
up €15,050 (+49.3%), from €30,525 to €45,575
- Staff costs +€13,166
up €13,166 (+12.7%), from €103,967 to €117,133
- Gross operating margin +€10,174
up €10,174 (+1.5%), from €672,062 to €682,236
- Taxes -€9,322
down €9,322 (-8.2%), from €113,611 to €104,289
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 | €771,580 | €789,472 | +€17,892 | +2.3% |
| Fixed assets | 21/28 | €454,438 | €432,095 | -€22,343 | -4.9% |
| Tangible fixed assets | 22/27 | €454,438 | €432,095 | -€22,343 | -4.9% |
| Land and buildings | 22 | €364,668 | €343,074 | -€21,594 | -5.9% |
| Plant, machinery and equipment | 23 | €59,885 | €50,739 | -€9,146 | -15.3% |
| Furniture and vehicles | 24 | €29,885 | €38,283 | +€8,398 | +28.1% |
| Current assets | 29/58 | €317,142 | €357,376 | +€40,235 | +12.7% |
| Stocks and contracts in progress | 3 | €923 | €2,000 | +€1,077 | +117% |
| Stocks | 30/36 | €923 | €2,000 | +€1,077 | +117% |
| Amounts receivable within one year | 40/41 | €228,524 | €309,237 | +€80,713 | +35.3% |
| Trade receivables | 40 | €0 | €19,903 | +€19,903 | |
| Other amounts receivable | 41 | €228,524 | €289,334 | +€60,810 | +26.6% |
| Cash at bank and in hand | 54/58 | €75,845 | €36,808 | -€39,038 | -51.5% |
| Deferred charges and accrued income | 490/1 | €11,849 | €9,332 | -€2,517 | -21.2% |
| Total equity and liabilities | 10/49 | €771,580 | €789,472 | +€17,892 | +2.3% |
| Equity | 10/15 | €96,513 | €127,751 | +€31,238 | +32.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €90,313 | €121,551 | +€31,238 | +34.6% |
| Distributable reserves | 133 | €90,313 | €121,551 | +€31,238 | +34.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €675,066 | €661,720 | -€13,346 | -2.0% |
| Amounts payable after more than one year | 17 | €254,976 | €209,664 | -€45,312 | -17.8% |
| Financial debts | 170/4 | €254,976 | €209,664 | -€45,312 | -17.8% |
| Amounts payable within one year | 42/48 | €420,090 | €452,056 | +€31,966 | +7.6% |
| Current portion of amounts payable after more than one year | 42 | €45,774 | €45,312 | -€462 | -1.0% |
| Financial debts | 43 | €397 | €26,020 | +€25,623 | +6,452% |
| Credit institutions | 430/8 | €397 | €26,020 | +€25,623 | +6,452% |
| Trade debts | 44 | €7,100 | €22,050 | +€14,949 | +211% |
| Suppliers | 440/4 | €7,100 | €22,050 | +€14,949 | +211% |
| Advances received on contracts in progress | 46 | €30,525 | €45,575 | +€15,050 | +49.3% |
| Taxes, remuneration and social security | 45 | €11,294 | €13,100 | +€1,806 | +16.0% |
| Taxes | 450/3 | €3,833 | €4,468 | +€635 | +16.6% |
| Remuneration and social security | 454/9 | €7,461 | €8,632 | +€1,171 | +15.7% |
| Other amounts payable | 47/48 | €325,000 | €300,000 | -€25,000 | -7.7% |
| Non-recurring operating income | 76A | €14,000 | €28,000 | +€14,000 | +100% |
| Remuneration, social security and pensions | 62 | €103,967 | €117,133 | +€13,166 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,203 | €80,064 | +€3,861 | +5.1% |
| Other operating charges | 640/8 | €44,059 | €43,035 | -€1,025 | -2.3% |
| Non-recurring operating charges | 66A | - | €398 | +€398 | |
| Gross operating margin | 9900 | €672,062 | €682,236 | +€10,174 | +1.5% |
| Operating profit (loss) | 9901 | €447,833 | €441,607 | -€6,226 | -1.4% |
| Financial income | 75/76B | €598 | €1,901 | +€1,304 | +218% |
| Recurring financial income | 75 | €598 | €1,901 | +€1,304 | +218% |
| Financial charges | 65/66B | €8,352 | €7,981 | -€371 | -4.4% |
| Recurring financial charges | 65 | €8,352 | €7,981 | -€371 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €440,079 | €435,527 | -€4,552 | -1.0% |
| Income taxes | 67/77 | €113,611 | €104,289 | -€9,322 | -8.2% |
| Profit (loss) for the period | 9904 | €326,468 | €331,238 | +€4,769 | +1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €326,468 | €331,238 | +€4,769 | +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 14 October 2026 via checked.be.