Lichtwaas: 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.
Lichtwaas
Largest movements
- Receivables within one year -€80,096
down €80,096 (-58.0%), from €138,044 to €57,947
of which Trade receivables: -€56,245
- Tangible fixed assets +€17,581
up €17,581 (+91.5%), from €19,212 to €36,792
of which Furniture and vehicles: +€21,586
- Cash +€9,133
up €9,133 (+7.9%), from €115,575 to €124,708
mainly Receivables within one year (+€80,096) and Depreciation (+€19,495)
- Other debts -€45,099
down €45,099 (-97.6%), from €46,200 to €1,101
- Trade debts -€17,622
down €17,622 (-86.4%), from €20,394 to €2,772
- Debts after one year +€7,839
up €7,839 (+333.7%), from €2,349 to €10,188
- Reserves +€6,396
up €6,396 (+3.8%), from €168,758 to €175,154
- Current portion of long-term debt -€4,745
down €4,745 (-41.2%), from €11,518 to €6,773
- Gross operating margin +€29,001
up €29,001 (+80.7%), from €35,924 to €64,925
- Staff costs +€25,011
up €25,011 (+390.8%), from €6,401 to €31,412
- Depreciation +€1,260
up €1,260 (+6.9%), from €18,235 to €19,495
- Other operating charges +€1,209
up €1,209 (+123.1%), from €982 to €2,192
- Financial charges +€722
up €722 (+55.1%), from €1,309 to €2,031
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 | €275,731 | €221,635 | -€54,097 | -19.6% |
| Fixed assets | 21/28 | €21,912 | €36,792 | +€14,881 | +67.9% |
| Intangible fixed assets | 21 | €2,700 | €0 | -€2,700 | -100.0% |
| Tangible fixed assets | 22/27 | €19,212 | €36,792 | +€17,581 | +91.5% |
| Plant, machinery and equipment | 23 | €10,979 | €6,973 | -€4,005 | -36.5% |
| Furniture and vehicles | 24 | €8,233 | €29,819 | +€21,586 | +262.2% |
| Current assets | 29/58 | €253,820 | €184,842 | -€68,978 | -27.2% |
| Amounts receivable within one year | 40/41 | €138,044 | €57,947 | -€80,096 | -58.0% |
| Trade receivables | 40 | €107,618 | €51,373 | -€56,245 | -52.3% |
| Other amounts receivable | 41 | €30,426 | €6,574 | -€23,852 | -78.4% |
| Cash at bank and in hand | 54/58 | €115,575 | €124,708 | +€9,133 | +7.9% |
| Deferred charges and accrued income | 490/1 | €201 | €2,187 | +€1,985 | +986.4% |
| Total equity and liabilities | 10/49 | €275,731 | €221,635 | -€54,097 | -19.6% |
| Equity | 10/15 | €171,158 | €177,554 | +€6,396 | +3.7% |
| Contributions | 10/11 | €2,400 | €2,400 | = | 0.0% |
| Reserves | 13 | €168,758 | €175,154 | +€6,396 | +3.8% |
| Distributable reserves | 133 | €168,758 | €175,154 | +€6,396 | +3.8% |
| Amounts payable | 17/49 | €104,574 | €44,081 | -€60,493 | -57.8% |
| Amounts payable after more than one year | 17 | €2,349 | €10,188 | +€7,839 | +333.7% |
| Financial debts | 170/4 | €2,349 | €10,188 | +€7,839 | +333.7% |
| Amounts payable within one year | 42/48 | €102,225 | €33,893 | -€68,332 | -66.8% |
| Current portion of amounts payable after more than one year | 42 | €11,518 | €6,773 | -€4,745 | -41.2% |
| Financial debts | 43 | - | €26 | +€26 | |
| Credit institutions | 430/8 | - | €26 | +€26 | |
| Trade debts | 44 | €20,394 | €2,772 | -€17,622 | -86.4% |
| Suppliers | 440/4 | €20,394 | €2,772 | -€17,622 | -86.4% |
| Taxes, remuneration and social security | 45 | €24,113 | €23,221 | -€891 | -3.7% |
| Taxes | 450/3 | €24,113 | €15,966 | -€8,147 | -33.8% |
| Remuneration and social security | 454/9 | - | €7,255 | +€7,255 | |
| Other amounts payable | 47/48 | €46,200 | €1,101 | -€45,099 | -97.6% |
| Non-recurring operating income | 76A | - | €5,387 | +€5,387 | |
| Remuneration, social security and pensions | 62 | €6,401 | €31,412 | +€25,011 | +390.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,235 | €19,495 | +€1,260 | +6.9% |
| Other operating charges | 640/8 | €982 | €2,192 | +€1,209 | +123.1% |
| Gross operating margin | 9900 | €35,924 | €64,925 | +€29,001 | +80.7% |
| Operating profit (loss) | 9901 | €10,306 | €11,826 | +€1,520 | +14.7% |
| Financial income | 75/76B | €89 | €27 | -€61 | -69.2% |
| Recurring financial income | 75 | €89 | €27 | -€61 | -69.2% |
| Financial charges | 65/66B | €1,309 | €2,031 | +€722 | +55.1% |
| Recurring financial charges | 65 | €1,309 | €2,031 | +€722 | +55.1% |
| Profit (loss) for the period before taxes | 9903 | €9,086 | €9,822 | +€737 | +8.1% |
| Income taxes | 67/77 | €2,936 | €3,426 | +€490 | +16.7% |
| Profit (loss) for the period | 9904 | €6,149 | €6,396 | +€247 | +4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,149 | €6,396 | +€247 | +4.0% |
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 10 October 2026 via checked.be.