LIGHT IT ALL: 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.
LIGHT IT ALL
Largest movements
- Tangible fixed assets -€11,852
down €11,852 (-4.7%), from €250,147 to €238,295
of which Land and buildings: -€9,230
- Cash +€6,427
up €6,427 (+42.8%), from €15,029 to €21,457
mainly Depreciation (+€11,852) and Receivables within one year (+€4,764)
- Receivables within one year -€4,764
down €4,764 (-45.3%), from €10,526 to €5,762
- Trade debts -€10,772
down €10,772 (-93.4%), from €11,534 to €762
- Other debts -€4,639
down €4,639 (-1.3%), from €351,939 to €347,300
- Profit (loss) carried forward +€2,825
up €2,825 (+2.6%), from -€110,237 to -€107,412
- Gross operating margin +€10,069
up €10,069 (+210.0%), from €4,795 to €14,864
- Depreciation -€7,168
down €7,168 (-37.7%), from €19,020 to €11,852
- Other operating charges -€2,584
down €2,584 (-95.7%), from €2,701 to €117
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 | €276,748 | €265,964 | -€10,784 | -3.9% |
| Fixed assets | 21/28 | €250,347 | €238,495 | -€11,852 | -4.7% |
| Tangible fixed assets | 22/27 | €250,147 | €238,295 | -€11,852 | -4.7% |
| Land and buildings | 22 | €243,528 | €234,298 | -€9,230 | -3.8% |
| Plant, machinery and equipment | 23 | €5,430 | €3,483 | -€1,947 | -35.9% |
| Furniture and vehicles | 24 | €1,189 | €514 | -€675 | -56.8% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €26,401 | €27,468 | +€1,067 | +4.0% |
| Amounts receivable within one year | 40/41 | €10,526 | €5,762 | -€4,764 | -45.3% |
| Trade receivables | 40 | €10,526 | €5,762 | -€4,764 | -45.3% |
| Cash at bank and in hand | 54/58 | €15,029 | €21,457 | +€6,427 | +42.8% |
| Deferred charges and accrued income | 490/1 | €845 | €250 | -€595 | -70.4% |
| Total equity and liabilities | 10/49 | €276,748 | €265,964 | -€10,784 | -3.9% |
| Equity | 10/15 | -€86,977 | -€84,152 | +€2,825 | +3.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,660 | €4,660 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €2,800 | €2,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€110,237 | -€107,412 | +€2,825 | +2.6% |
| Amounts payable | 17/49 | €363,725 | €350,116 | -€13,610 | -3.7% |
| Amounts payable within one year | 42/48 | €363,725 | €350,116 | -€13,610 | -3.7% |
| Trade debts | 44 | €11,534 | €762 | -€10,772 | -93.4% |
| Suppliers | 440/4 | €11,534 | €762 | -€10,772 | -93.4% |
| Taxes, remuneration and social security | 45 | €252 | €2,054 | +€1,801 | +713.3% |
| Taxes | 450/3 | €252 | €2,054 | +€1,801 | +713.3% |
| Other amounts payable | 47/48 | €351,939 | €347,300 | -€4,639 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,020 | €11,852 | -€7,168 | -37.7% |
| Other operating charges | 640/8 | €2,701 | €117 | -€2,584 | -95.7% |
| Gross operating margin | 9900 | €4,795 | €14,864 | +€10,069 | +210.0% |
| Operating profit (loss) | 9901 | -€16,925 | €2,896 | +€19,821 | |
| Financial income | 75/76B | €9 | - | -€9 | |
| Recurring financial income | 75 | €9 | - | -€9 | |
| Financial charges | 65/66B | €134 | €70 | -€64 | -47.5% |
| Recurring financial charges | 65 | €134 | €70 | -€64 | -47.5% |
| Profit (loss) for the period before taxes | 9903 | -€17,050 | €2,825 | +€19,875 | |
| Profit (loss) for the period | 9904 | -€17,050 | €2,825 | +€19,875 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,050 | €2,825 | +€19,875 |
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.