LIGHT - ELEC: what changed
Two fiscal 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.
What changed
LIGHT - ELEC
NACE 47.552, Retail sale of lighting equipment
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€21,737
2024 · €27,571-€5,833
Equity
€1.2m
2024 · €1.2m+€21,737
Cash
€114,888
2024 · €1.6m-€1.4m
Balance sheet total
€5.7m
2024 · €8.8m-€3.2m
Largest movements
Assets
- Receivables within one year -€1.7m
down €1.7m (-25.8%), from €6.6m to €4.9m
of which Trade receivables: -€1.6m
- Cash -€1.4m
down €1.4m (-92.6%), from €1.6m to €114,888
mainly Trade debts (-€2.1m) and Short-term financial debts (-€1.2m)
Equity and liabilities
- Trade debts -€2.1m
down €2.1m (-70.8%), from €3.0m to €868,875
- Short-term financial debts -€1.2m
no longer reported in 2025 (was €1.2m)
- Other debts +€97,199
up €97,199 (+4.6%), from €2.1m to €2.2m
Income statement
- Goods and materials -€5.8m
down €5.8m (-43.2%), from €13.5m to €7.7m
of which Purchases: -€5.9m
- Turnover -€5.7m
down €5.7m (-39.4%), from €14.5m to €8.8m
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.
Result 2024
€27,571
Turnover
-€5.7m
Other operating income
-€8,530
Goods and materials
+€5.8m
Services and other goods
-€64,932
Staff costs
-€15,149
Depreciation
+€74
Write-downs
+€37,593
Other operating charges
+€8,977
Financial income
+€9
Financial charges
-€90,673
Taxes
+€1,636
Result 2025
€21,737
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.
From operations
-€350,202
Investment
-€5,051
Financing
-€1.1m
Cash 2024
€1.6m
From operations (derived)
-€350,202
Net result for the year
+€21,737
Depreciation
+€30,478
Stocks and contracts
+€6,163
Receivables within one year
+€1.7m
Deferred charges and accrued income
-€2,776
Trade debts
-€2.1m
Tax, wage and social debts
-€49,102
Advances received
-€10,359
Other debts
+€97,199
Accrued charges and deferred income
-€32,618
Investment (derived)
-€5,051
Investment in fixed assets (net)
-€5,051
Financing
-€1.1m
Debts after one year
+€66,274
Current portion of long-term debt
-€4,895
Short-term financial debts
-€1.2m
Cash 2025
€114,888
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,834,686 | €5,667,712 | -€3.2m | -35.8% |
| Fixed assets | 21/28 | €133,802 | €108,374 | -€25,428 | -19.0% |
| Tangible fixed assets | 22/27 | €133,677 | €108,249 | -€25,428 | -19.0% |
| Land and buildings | 22 | €114,527 | €93,467 | -€21,060 | -18.4% |
| Plant, machinery and equipment | 23 | €12,183 | €9,334 | -€2,848 | -23.4% |
| Furniture and vehicles | 24 | €6,967 | €5,448 | -€1,519 | -21.8% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Other financial fixed assets | 284/8 | €125 | €125 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €8,700,885 | €5,559,338 | -€3.1m | -36.1% |
| Stocks and contracts in progress | 3 | €572,690 | €566,527 | -€6,163 | -1.1% |
| Stocks | 30/36 | €572,690 | €566,527 | -€6,163 | -1.1% |
| Goods purchased for resale | 34 | €572,690 | €566,527 | -€6,163 | -1.1% |
| Amounts receivable within one year | 40/41 | €6,561,221 | €4,866,935 | -€1.7m | -25.8% |
| Trade receivables | 40 | €5,763,746 | €4,114,333 | -€1.6m | -28.6% |
| Other amounts receivable | 41 | €797,475 | €752,602 | -€44,873 | -5.6% |
| Cash at bank and in hand | 54/58 | €1,558,762 | €114,888 | -€1.4m | -92.6% |
| Deferred charges and accrued income | 490/1 | €8,211 | €10,987 | +€2,776 | +33.8% |
| Total equity and liabilities | 10/49 | €8,834,686 | €5,667,712 | -€3.2m | -35.8% |
| Equity | 10/15 | €1,181,442 | €1,203,179 | +€21,737 | +1.8% |
| Contributions | 10/11 | €358,425 | €358,425 | = | 0.0% |
| Capital | 10 | €358,425 | €358,425 | = | 0.0% |
| Issued capital | 100 | €358,425 | €358,425 | = | 0.0% |
| Reserves | 13 | €477,598 | €477,598 | = | 0.0% |
| Non-distributable reserves | 130/1 | €35,843 | €35,843 | = | 0.0% |
| Legal reserve | 130 | €35,843 | €35,843 | = | 0.0% |
| Distributable reserves | 133 | €441,755 | €441,755 | = | 0.0% |
| Profit (loss) carried forward | 14 | €345,418 | €367,156 | +€21,737 | +6.3% |
| Amounts payable | 17/49 | €7,653,245 | €4,464,533 | -€3.2m | -41.7% |
| Amounts payable after more than one year | 17 | €1,187,125 | €1,253,399 | +€66,274 | +5.6% |
| Other amounts payable | 178/9 | €1,187,125 | €1,253,399 | +€66,274 | +5.6% |
| Amounts payable within one year | 42/48 | €6,430,847 | €3,208,479 | -€3.2m | -50.1% |
| Current portion of amounts payable after more than one year | 42 | €4,895 | - | -€4,895 | |
| Financial debts | 43 | €1,150,000 | - | -€1.2m | |
| Credit institutions | 430/8 | €1,150,000 | - | -€1.2m | |
| Trade debts | 44 | €2,974,086 | €868,875 | -€2.1m | -70.8% |
| Suppliers | 440/4 | €2,974,086 | €868,875 | -€2.1m | -70.8% |
| Advances received on contracts in progress | 46 | €10,359 | - | -€10,359 | |
| Taxes, remuneration and social security | 45 | €169,403 | €120,300 | -€49,102 | -29.0% |
| Taxes | 450/3 | €101,304 | €57,959 | -€43,345 | -42.8% |
| Remuneration and social security | 454/9 | €68,099 | €62,341 | -€5,758 | -8.5% |
| Other amounts payable | 47/48 | €2,122,105 | €2,219,304 | +€97,199 | +4.6% |
| Accrued charges and deferred income | 492/3 | €35,273 | €2,655 | -€32,618 | -92.5% |
| Operating income | 70/76A | €14,534,712 | €8,818,098 | -€5.7m | -39.3% |
| Turnover | 70 | €14,491,667 | €8,783,583 | -€5.7m | -39.4% |
| Other operating income | 74 | €43,045 | €34,515 | -€8,530 | -19.8% |
| Operating charges | 60/66A | €14,383,972 | €8,584,163 | -€5.8m | -40.3% |
| Goods for resale, raw materials and consumables | 60 | €13,514,178 | €7,680,932 | -€5.8m | -43.2% |
| Purchases | 600/8 | €13,483,856 | €7,618,976 | -€5.9m | -43.5% |
| Change in stocks: decrease (increase) | 609 | €30,321 | €61,956 | +€31,635 | +104.3% |
| Services and other goods | 61 | €360,909 | €425,841 | +€64,932 | +18.0% |
| Remuneration, social security and pensions | 62 | €446,191 | €461,340 | +€15,149 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,552 | €30,478 | -€74 | -0.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €802 | -€36,792 | -€37,593 | |
| Other operating charges | 640/8 | €31,340 | €22,363 | -€8,977 | -28.6% |
| Operating profit (loss) | 9901 | €150,740 | €233,934 | +€83,195 | +55.2% |
| Financial income | 75/76B | €8,438 | €8,447 | +€9 | +0.1% |
| Recurring financial income | 75 | €8,438 | €8,447 | +€9 | +0.1% |
| Other financial income | 752/9 | €8,438 | €8,447 | +€9 | +0.1% |
| Financial charges | 65/66B | €115,028 | €205,702 | +€90,673 | +78.8% |
| Recurring financial charges | 65 | €115,028 | €205,702 | +€90,673 | +78.8% |
| Debt charges | 650 | €103,456 | €192,029 | +€88,573 | +85.6% |
| Other financial charges | 652/9 | €11,572 | €13,672 | +€2,100 | +18.2% |
| Profit (loss) for the period before taxes | 9903 | €44,149 | €36,680 | -€7,469 | -16.9% |
| Income taxes | 67/77 | €16,578 | €14,943 | -€1,636 | -9.9% |
| Taxes | 670/3 | €16,578 | €14,943 | -€1,636 | -9.9% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | -€0 | |
| Profit (loss) for the period | 9904 | €27,571 | €21,737 | -€5,833 | -21.2% |
| Profit (loss) for the period to be appropriated | 9905 | €27,571 | €21,737 | -€5,833 | -21.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.