LIGHT'S CENTURY: 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'S CENTURY
Largest movements
- Receivables within one year -€16,099
down €16,099 (-12.7%), from €127,097 to €110,998
of which Trade receivables: -€12,696
- Stocks and contracts +€13,847
up €13,847 (+14.3%), from €96,611 to €110,457
- Cash -€4,520
no longer reported in 2025 (was €4,520)
mainly Stocks and contracts (-€13,847) and Other debts (-€10,000)
- Reserves -€19,198
down €19,198 (-38.4%), from €50,000 to €30,802
of which Tax-exempt reserves: -€20,000
- Profit (loss) carried forward +€10,525
up €10,525 (+90.3%), from €11,662 to €22,188
- Other debts -€10,000
no longer reported in 2025 (was €10,000)
- Short-term financial debts +€5,481
new in 2025: €5,481
- Tax, wage and social debts +€3,768
up €3,768 (+14.9%), from €25,334 to €29,102
of which Taxes: +€3,373
- Gross operating margin -€44,798
down €44,798 (-72.1%), from €62,091 to €17,293
- Taxes -€12,344
down €12,344, from €10,424 to -€1,920
- Financial charges +€977
up €977 (+36.5%), from €2,676 to €3,652
- Other operating charges -€801
down €801 (-24.2%), from €3,311 to €2,509
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 | €239,080 | €232,447 | -€6,633 | -2.8% |
| Fixed assets | 21/28 | €10,168 | €10,601 | +€433 | +4.3% |
| Tangible fixed assets | 22/27 | €9,101 | €9,534 | +€433 | +4.8% |
| Furniture and vehicles | 24 | €3,728 | €4,935 | +€1,207 | +32.4% |
| Other tangible fixed assets | 26 | €5,373 | €4,599 | -€774 | -14.4% |
| Financial fixed assets | 28 | €1,067 | €1,067 | = | 0.0% |
| Current assets | 29/58 | €228,912 | €221,846 | -€7,066 | -3.1% |
| Stocks and contracts in progress | 3 | €96,611 | €110,457 | +€13,847 | +14.3% |
| Stocks | 30/36 | €96,611 | €110,457 | +€13,847 | +14.3% |
| Amounts receivable within one year | 40/41 | €127,097 | €110,998 | -€16,099 | -12.7% |
| Trade receivables | 40 | €119,098 | €106,402 | -€12,696 | -10.7% |
| Other amounts receivable | 41 | €8,000 | €4,597 | -€3,403 | -42.5% |
| Cash at bank and in hand | 54/58 | €4,520 | - | -€4,520 | |
| Deferred charges and accrued income | 490/1 | €684 | €390 | -€294 | -43.0% |
| Total equity and liabilities | 10/49 | €239,080 | €232,447 | -€6,633 | -2.8% |
| Equity | 10/15 | €82,122 | €73,449 | -€8,673 | -10.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €50,000 | €30,802 | -€19,198 | -38.4% |
| Tax-exempt reserves | 132 | €20,000 | - | -€20,000 | |
| Distributable reserves | 133 | €30,000 | €30,802 | +€802 | +2.7% |
| Profit (loss) carried forward | 14 | €11,662 | €22,188 | +€10,525 | +90.3% |
| Amounts payable | 17/49 | €156,957 | €158,997 | +€2,040 | +1.3% |
| Amounts payable within one year | 42/48 | €156,957 | €157,769 | +€812 | +0.5% |
| Financial debts | 43 | - | €5,481 | +€5,481 | |
| Credit institutions | 430/8 | - | €5,481 | +€5,481 | |
| Trade debts | 44 | €121,624 | €123,186 | +€1,563 | +1.3% |
| Suppliers | 440/4 | €121,624 | €123,186 | +€1,563 | +1.3% |
| Taxes, remuneration and social security | 45 | €25,334 | €29,102 | +€3,768 | +14.9% |
| Taxes | 450/3 | €24,576 | €27,949 | +€3,373 | +13.7% |
| Remuneration and social security | 454/9 | €758 | €1,153 | +€395 | +52.1% |
| Other amounts payable | 47/48 | €10,000 | - | -€10,000 | |
| Accrued charges and deferred income | 492/3 | - | €1,228 | +€1,228 | |
| Remuneration, social security and pensions | 62 | €19,792 | €19,464 | -€328 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,202 | €2,284 | +€82 | +3.7% |
| Other operating charges | 640/8 | €3,311 | €2,509 | -€801 | -24.2% |
| Gross operating margin | 9900 | €62,091 | €17,293 | -€44,798 | -72.1% |
| Operating profit (loss) | 9901 | €36,786 | -€6,965 | -€43,751 | |
| Financial income | 75/76B | €2 | €24 | +€22 | +1,107% |
| Recurring financial income | 75 | €2 | €24 | +€22 | +1,107% |
| Financial charges | 65/66B | €2,676 | €3,652 | +€977 | +36.5% |
| Recurring financial charges | 65 | €2,676 | €3,652 | +€977 | +36.5% |
| Profit (loss) for the period before taxes | 9903 | €34,113 | -€10,593 | -€44,706 | |
| Income taxes | 67/77 | €10,424 | -€1,920 | -€12,344 | |
| Profit (loss) for the period | 9904 | €23,689 | -€8,673 | -€32,362 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,689 | -€8,673 | -€32,362 |
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 30 October 2026 via checked.be.