LIGHT & DESIGN AGENCY: 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 & DESIGN AGENCY
Largest movements
- Tangible fixed assets +€34,078
up €34,078 (+53.7%), from €63,481 to €97,559
of which Other tangible fixed assets: +€47,531
- Stocks and contracts +€11,175
up €11,175 (+176%), from €6,360 to €17,535
- Cash +€5,544
up €5,544 (+21.1%), from €26,265 to €31,809
mainly Debts after one year (+€23,699) and Depreciation (+€18,234)
- Financial fixed assets +€5,200
new in 2025: €5,200
- Receivables within one year -€5,078
down €5,078 (-22.6%), from €22,519 to €17,440
of which Trade receivables: -€8,095
- Debts after one year +€23,699
up €23,699 (+75.0%), from €31,584 to €55,283
- Trade debts +€11,971
up €11,971 (+211%), from €5,674 to €17,645
- Profit (loss) carried forward +€10,440
up €10,440 (+25.0%), from €41,817 to €52,257
- Current portion of long-term debt +€9,409
up €9,409 (+92.1%), from €10,211 to €19,620
- Tax, wage and social debts -€5,979
down €5,979 (-21.4%), from €27,898 to €21,920
of which Taxes: -€7,528
- Gross operating margin -€22,813
down €22,813 (-36.1%), from €63,177 to €40,364
- Depreciation +€12,921
up €12,921 (+243%), from €5,313 to €18,234
- Taxes -€10,542
down €10,542 (-73.3%), from €14,382 to €3,840
- Financial charges +€4,719
up €4,719 (+628%), from €751 to €5,470
- Other operating charges +€1,810
up €1,810 (+187%), from €970 to €2,780
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 | €121,733 | €170,434 | +€48,700 | +40.0% |
| Fixed assets | 21/28 | €63,624 | €102,759 | +€39,135 | +61.5% |
| Intangible fixed assets | 21 | €143 | €0 | -€143 | -100% |
| Tangible fixed assets | 22/27 | €63,481 | €97,559 | +€34,078 | +53.7% |
| Furniture and vehicles | 24 | €881 | €377 | -€504 | -57.2% |
| Leasing and similar rights | 25 | €49,862 | €36,913 | -€12,949 | -26.0% |
| Other tangible fixed assets | 26 | €12,738 | €60,269 | +€47,531 | +373% |
| Financial fixed assets | 28 | - | €5,200 | +€5,200 | |
| Current assets | 29/58 | €58,109 | €67,674 | +€9,565 | +16.5% |
| Stocks and contracts in progress | 3 | €6,360 | €17,535 | +€11,175 | +176% |
| Stocks | 30/36 | €6,360 | €17,535 | +€11,175 | +176% |
| Amounts receivable within one year | 40/41 | €22,519 | €17,440 | -€5,078 | -22.6% |
| Trade receivables | 40 | €15,732 | €7,637 | -€8,095 | -51.5% |
| Other amounts receivable | 41 | €6,787 | €9,804 | +€3,017 | +44.5% |
| Cash at bank and in hand | 54/58 | €26,265 | €31,809 | +€5,544 | +21.1% |
| Deferred charges and accrued income | 490/1 | €2,965 | €890 | -€2,075 | -70.0% |
| Total equity and liabilities | 10/49 | €121,733 | €170,434 | +€48,700 | +40.0% |
| Equity | 10/15 | €45,317 | €55,757 | +€10,440 | +23.0% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,817 | €52,257 | +€10,440 | +25.0% |
| Amounts payable | 17/49 | €76,416 | €114,676 | +€38,260 | +50.1% |
| Amounts payable after more than one year | 17 | €31,584 | €55,283 | +€23,699 | +75.0% |
| Financial debts | 170/4 | €31,584 | €55,283 | +€23,699 | +75.0% |
| Amounts payable within one year | 42/48 | €43,966 | €59,368 | +€15,401 | +35.0% |
| Current portion of amounts payable after more than one year | 42 | €10,211 | €19,620 | +€9,409 | +92.1% |
| Trade debts | 44 | €5,674 | €17,645 | +€11,971 | +211% |
| Suppliers | 440/4 | €5,674 | €17,645 | +€11,971 | +211% |
| Advances received on contracts in progress | 46 | €183 | €183 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €27,898 | €21,920 | -€5,979 | -21.4% |
| Taxes | 450/3 | €27,898 | €20,370 | -€7,528 | -27.0% |
| Remuneration and social security | 454/9 | - | €1,549 | +€1,549 | |
| Accrued charges and deferred income | 492/3 | €866 | €26 | -€840 | -97.0% |
| Non-recurring operating income | 76A | €9,793 | €0 | -€9,793 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,313 | €18,234 | +€12,921 | +243% |
| Other operating charges | 640/8 | €970 | €2,780 | +€1,810 | +187% |
| Gross operating margin | 9900 | €63,177 | €40,364 | -€22,813 | -36.1% |
| Operating profit (loss) | 9901 | €56,894 | €19,351 | -€37,544 | -66.0% |
| Financial income | 75/76B | €55 | €400 | +€344 | +621% |
| Recurring financial income | 75 | €55 | €400 | +€344 | +621% |
| Financial charges | 65/66B | €751 | €5,470 | +€4,719 | +628% |
| Recurring financial charges | 65 | €751 | €5,470 | +€4,719 | +628% |
| Profit (loss) for the period before taxes | 9903 | €56,199 | €14,280 | -€41,919 | -74.6% |
| Income taxes | 67/77 | €14,382 | €3,840 | -€10,542 | -73.3% |
| Profit (loss) for the period | 9904 | €41,817 | €10,440 | -€31,377 | -75.0% |
| Profit (loss) for the period to be appropriated | 9905 | €41,817 | €10,440 | -€31,377 | -75.0% |
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 28 October 2026 via checked.be.