LIGHT PROJECTS: 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 PROJECTS
Largest movements
- Receivables within one year +€51,445
up €51,445 (+32.8%), from €156,628 to €208,073
of which Trade receivables: +€47,145
- Reserves +€38,432
up €38,432 (+85.0%), from €45,218 to €83,650
- Tax, wage and social debts +€13,474
up €13,474 (+72.0%), from €18,725 to €32,199
of which Taxes: +€15,974
- Write-downs -€34,160
down €34,160 (-100.0%), from €34,160 to €0
- Taxes +€8,590
up €8,590 (+160.9%), from €5,338 to €13,929
- Gross operating margin +€6,077
up €6,077 (+12.0%), from €50,537 to €56,614
- Financial charges -€1,553
down €1,553 (-33.3%), from €4,657 to €3,104
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 | €159,623 | €212,660 | +€53,037 | +33.2% |
| Fixed assets | 21/28 | €531 | €228 | -€304 | -57.1% |
| Tangible fixed assets | 22/27 | €531 | €228 | -€304 | -57.1% |
| Plant, machinery and equipment | 23 | €531 | €228 | -€304 | -57.1% |
| Current assets | 29/58 | €159,092 | €212,432 | +€53,341 | +33.5% |
| Amounts receivable within one year | 40/41 | €156,628 | €208,073 | +€51,445 | +32.8% |
| Trade receivables | 40 | €121,189 | €168,333 | +€47,145 | +38.9% |
| Other amounts receivable | 41 | €35,440 | €39,740 | +€4,300 | +12.1% |
| Cash at bank and in hand | 54/58 | €94 | €776 | +€683 | +730.0% |
| Deferred charges and accrued income | 490/1 | €2,370 | €3,583 | +€1,213 | +51.2% |
| Total equity and liabilities | 10/49 | €159,623 | €212,660 | +€53,037 | +33.2% |
| Equity | 10/15 | €48,218 | €86,650 | +€38,432 | +79.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €45,218 | €83,650 | +€38,432 | +85.0% |
| Distributable reserves | 133 | €45,218 | €83,650 | +€38,432 | +85.0% |
| Amounts payable | 17/49 | €111,405 | €126,010 | +€14,605 | +13.1% |
| Amounts payable within one year | 42/48 | €111,405 | €125,226 | +€13,821 | +12.4% |
| Trade debts | 44 | €89,862 | €90,209 | +€347 | +0.4% |
| Suppliers | 440/4 | €89,862 | €90,209 | +€347 | +0.4% |
| Taxes, remuneration and social security | 45 | €18,725 | €32,199 | +€13,474 | +72.0% |
| Taxes | 450/3 | €16,225 | €32,199 | +€15,974 | +98.5% |
| Remuneration and social security | 454/9 | €2,500 | €0 | -€2,500 | -100.0% |
| Other amounts payable | 47/48 | €2,818 | €2,818 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €784 | +€784 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €304 | €304 | -€0 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €34,160 | €0 | -€34,160 | -100.0% |
| Other operating charges | 640/8 | €1,446 | €1,401 | -€45 | -3.1% |
| Gross operating margin | 9900 | €50,537 | €56,614 | +€6,077 | +12.0% |
| Operating profit (loss) | 9901 | €14,627 | €54,909 | +€40,282 | +275.4% |
| Financial income | 75/76B | €972 | €555 | -€417 | -42.9% |
| Recurring financial income | 75 | €972 | €555 | -€417 | -42.9% |
| Financial charges | 65/66B | €4,657 | €3,104 | -€1,553 | -33.3% |
| Recurring financial charges | 65 | €4,657 | €3,104 | -€1,553 | -33.3% |
| Profit (loss) for the period before taxes | 9903 | €10,942 | €52,360 | +€41,418 | +378.5% |
| Income taxes | 67/77 | €5,338 | €13,929 | +€8,590 | +160.9% |
| Profit (loss) for the period | 9904 | €5,603 | €38,432 | +€32,828 | +585.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,603 | €38,432 | +€32,828 | +585.9% |
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 8 October 2026 via checked.be.