LIGHT & MORE: 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 & MORE
Largest movements
- Cash -€26,557
down €26,557 (-62.4%), from €42,558 to €16,001
mainly Investment in fixed assets (net) (-€216,609) and Debts after one year (-€31,434)
- Tangible fixed assets -€9,260
down €9,260 (-1.6%), from €577,910 to €568,650
of which Land and buildings: -€24,987
- Receivables within one year -€8,332
down €8,332 (-41.7%), from €19,971 to €11,638
of which Other amounts receivable: -€11,889
- Debts after one year -€31,434
down €31,434 (-7.8%), from €405,436 to €374,002
of which Financial debts: -€81,434
- Current portion of long-term debt -€26,286
down €26,286 (-24.4%), from €107,720 to €81,434
- Trade debts +€18,965
up €18,965 (+169.3%), from €11,202 to €30,167
- Accrued charges and deferred income -€16,915
down €16,915 (-97.2%), from €17,411 to €496
- Gross operating margin -€31,104
down €31,104 (-10.8%), from €287,071 to €255,967
- Depreciation +€25,902
up €25,902 (+13.0%), from €199,967 to €225,869
- Taxes -€15,542
down €15,542 (-87.6%), from €17,736 to €2,194
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €646,448 | €602,827 | -€43,621 | -6.7% |
| Fixed assets | 21/28 | €577,910 | €568,650 | -€9,260 | -1.6% |
| Tangible fixed assets | 22/27 | €577,910 | €568,650 | -€9,260 | -1.6% |
| Land and buildings | 22 | €317,532 | €292,545 | -€24,987 | -7.9% |
| Plant, machinery and equipment | 23 | €4,963 | €9,198 | +€4,235 | +85.3% |
| Furniture and vehicles | 24 | €37,720 | €28,258 | -€9,462 | -25.1% |
| Leasing and similar rights | 25 | €37,921 | €26,221 | -€11,700 | -30.9% |
| Other tangible fixed assets | 26 | €179,774 | €212,428 | +€32,654 | +18.2% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €68,538 | €34,178 | -€34,361 | -50.1% |
| Amounts receivable within one year | 40/41 | €19,971 | €11,638 | -€8,332 | -41.7% |
| Trade receivables | 40 | €0 | €3,557 | +€3,557 | |
| Other amounts receivable | 41 | €19,971 | €8,081 | -€11,889 | -59.5% |
| Cash at bank and in hand | 54/58 | €42,558 | €16,001 | -€26,557 | -62.4% |
| Deferred charges and accrued income | 490/1 | €6,009 | €6,538 | +€528 | +8.8% |
| Total equity and liabilities | 10/49 | €646,448 | €602,827 | -€43,621 | -6.7% |
| Equity | 10/15 | €101,261 | €101,541 | +€279 | +0.3% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €60,520 | €60,520 | = | 0.0% |
| Distributable reserves | 133 | €60,520 | €60,520 | = | 0.0% |
| Profit (loss) carried forward | 14 | €742 | €1,021 | +€279 | +37.7% |
| Amounts payable | 17/49 | €545,186 | €501,286 | -€43,900 | -8.1% |
| Amounts payable after more than one year | 17 | €405,436 | €374,002 | -€31,434 | -7.8% |
| Financial debts | 170/4 | €345,436 | €264,002 | -€81,434 | -23.6% |
| Other amounts payable | 178/9 | €60,000 | €110,000 | +€50,000 | +83.3% |
| Amounts payable within one year | 42/48 | €122,340 | €126,789 | +€4,449 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €107,720 | €81,434 | -€26,286 | -24.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €11,202 | €30,167 | +€18,965 | +169.3% |
| Suppliers | 440/4 | €11,202 | €30,167 | +€18,965 | +169.3% |
| Taxes, remuneration and social security | 45 | €1,912 | €7,425 | +€5,513 | +288.3% |
| Taxes | 450/3 | €1,912 | €4,767 | +€2,855 | +149.3% |
| Remuneration and social security | 454/9 | - | €2,658 | +€2,658 | |
| Other amounts payable | 47/48 | €1,505 | €7,762 | +€6,257 | +415.8% |
| Accrued charges and deferred income | 492/3 | €17,411 | €496 | -€16,915 | -97.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €199,967 | €225,869 | +€25,902 | +13.0% |
| Other operating charges | 640/8 | €4,602 | €3,455 | -€1,146 | -24.9% |
| Gross operating margin | 9900 | €287,071 | €255,967 | -€31,104 | -10.8% |
| Operating profit (loss) | 9901 | €82,502 | €26,643 | -€55,859 | -67.7% |
| Financial income | 75/76B | €625 | €33 | -€591 | -94.7% |
| Recurring financial income | 75 | €625 | €33 | -€591 | -94.7% |
| Financial charges | 65/66B | €23,920 | €23,370 | -€550 | -2.3% |
| Recurring financial charges | 65 | €23,920 | €23,370 | -€550 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €59,207 | €3,306 | -€55,901 | -94.4% |
| Income taxes | 67/77 | €17,736 | €2,194 | -€15,542 | -87.6% |
| Profit (loss) for the period | 9904 | €41,471 | €1,112 | -€40,359 | -97.3% |
| Profit (loss) for the period to be appropriated | 9905 | €41,471 | €1,112 | -€40,359 | -97.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.