LIGHT CONSULT RESEARCH: 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.
LIGHT CONSULT RESEARCH
Largest movements
- Receivables within one year -€278,785
down €278,785 (-28.1%), from €990,732 to €711,947
of which Trade receivables: -€216,428
- Cash -€136,304
down €136,304 (-61.9%), from €220,034 to €83,729
mainly Trade debts (-€269,642) and Net result for the year (-€178,658)
- Stocks and contracts -€31,097
down €31,097 (-5.5%), from €565,234 to €534,137
- Tangible fixed assets -€21,897
down €21,897 (-21.7%), from €100,687 to €78,790
of which Other tangible fixed assets: -€13,135
- Trade debts -€269,642
down €269,642 (-28.2%), from €954,559 to €684,917
- Profit (loss) carried forward -€178,658
down €178,658, from €118,908 to -€59,751
- Tax, wage and social debts -€37,284
down €37,284 (-36.9%), from €100,942 to €63,658
of which Remuneration and social security: -€23,338
- Write-downs +€59,395
up €59,395 (+769%), from €7,722 to €67,118
- Gross operating margin -€53,538
down €53,538 (-13.4%), from €399,744 to €346,206
- Staff costs +€48,899
up €48,899 (+14.2%), from €344,595 to €393,494
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 | €1,881,303 | €1,412,797 | -€468,506 | -24.9% |
| Fixed assets | 21/28 | €100,687 | €78,790 | -€21,897 | -21.7% |
| Tangible fixed assets | 22/27 | €100,687 | €78,790 | -€21,897 | -21.7% |
| Plant, machinery and equipment | 23 | €10,088 | €7,668 | -€2,420 | -24.0% |
| Furniture and vehicles | 24 | €13,250 | €6,909 | -€6,342 | -47.9% |
| Other tangible fixed assets | 26 | €77,349 | €64,214 | -€13,135 | -17.0% |
| Current assets | 29/58 | €1,780,616 | €1,334,007 | -€446,609 | -25.1% |
| Stocks and contracts in progress | 3 | €565,234 | €534,137 | -€31,097 | -5.5% |
| Stocks | 30/36 | €565,234 | €534,137 | -€31,097 | -5.5% |
| Amounts receivable within one year | 40/41 | €990,732 | €711,947 | -€278,785 | -28.1% |
| Trade receivables | 40 | €907,677 | €691,249 | -€216,428 | -23.8% |
| Other amounts receivable | 41 | €83,055 | €20,698 | -€62,357 | -75.1% |
| Cash at bank and in hand | 54/58 | €220,034 | €83,729 | -€136,304 | -61.9% |
| Deferred charges and accrued income | 490/1 | €4,616 | €4,193 | -€423 | -9.2% |
| Total equity and liabilities | 10/49 | €1,881,303 | €1,412,797 | -€468,506 | -24.9% |
| Equity | 10/15 | €262,908 | €84,249 | -€178,658 | -68.0% |
| Contributions | 10/11 | €144,000 | €144,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €118,908 | -€59,751 | -€178,658 | |
| Amounts payable | 17/49 | €1,618,395 | €1,328,548 | -€289,848 | -17.9% |
| Amounts payable after more than one year | 17 | €80,049 | €84,518 | +€4,469 | +5.6% |
| Other amounts payable | 178/9 | €80,049 | €84,518 | +€4,469 | +5.6% |
| Amounts payable within one year | 42/48 | €1,537,370 | €1,243,203 | -€294,167 | -19.1% |
| Trade debts | 44 | €954,559 | €684,917 | -€269,642 | -28.2% |
| Suppliers | 440/4 | €954,559 | €684,917 | -€269,642 | -28.2% |
| Taxes, remuneration and social security | 45 | €100,942 | €63,658 | -€37,284 | -36.9% |
| Taxes | 450/3 | €43,619 | €29,674 | -€13,945 | -32.0% |
| Remuneration and social security | 454/9 | €57,323 | €33,984 | -€23,338 | -40.7% |
| Other amounts payable | 47/48 | €481,869 | €494,628 | +€12,759 | +2.6% |
| Accrued charges and deferred income | 492/3 | €977 | €828 | -€150 | -15.3% |
| Remuneration, social security and pensions | 62 | €344,595 | €393,494 | +€48,899 | +14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,038 | €26,575 | -€462 | -1.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,722 | €67,118 | +€59,395 | +769% |
| Other operating charges | 640/8 | €11,242 | €9,060 | -€2,182 | -19.4% |
| Gross operating margin | 9900 | €399,744 | €346,206 | -€53,538 | -13.4% |
| Operating profit (loss) | 9901 | €9,148 | -€150,041 | -€159,188 | |
| Financial income | 75/76B | €5,048 | €3,629 | -€1,419 | -28.1% |
| Recurring financial income | 75 | €5,048 | €3,629 | -€1,419 | -28.1% |
| Financial charges | 65/66B | €27,663 | €31,267 | +€3,603 | +13.0% |
| Recurring financial charges | 65 | €27,663 | €31,267 | +€3,603 | +13.0% |
| Profit (loss) for the period before taxes | 9903 | -€13,467 | -€177,678 | -€164,211 | -1,219% |
| Income taxes | 67/77 | €1,469 | €980 | -€489 | -33.3% |
| Profit (loss) for the period | 9904 | -€14,936 | -€178,658 | -€163,722 | -1,096% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,936 | -€178,658 | -€163,722 | -1,096% |
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 23 October 2026 via checked.be.