LIGHT SOLUTIONS: 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 SOLUTIONS
Largest movements
- Cash -€125,058
down €125,058 (-50.1%), from €249,848 to €124,790
mainly Other debts (-€257,500) and Debts after one year (-€135,369)
- Current investments -€112,128
down €112,128 (-39.3%), from €285,616 to €173,488
- Receivables within one year +€109,604
up €109,604 (+51.2%), from €213,942 to €323,546
of which Other amounts receivable: +€105,564
- Other debts -€257,500
down €257,500 (-41.2%), from €625,056 to €367,556
- Debts after one year -€135,369
down €135,369 (-16.8%), from €805,918 to €670,549
- Reserves +€129,355
up €129,355 (+7.9%), from €1.6m to €1.8m
- Trade debts +€73,399
up €73,399 (+14.4%), from €508,315 to €581,714
- Other operating charges -€378,054
down €378,054 (-99.1%), from €381,365 to €3,310
- Gross operating margin -€338,918
down €338,918 (-57.4%), from €590,749 to €251,831
- Financial charges +€47,352
up €47,352 (+233%), from €20,314 to €67,665
- Financial income -€16,409
down €16,409 (-63.8%), from €25,738 to €9,329
- Taxes -€11,331
down €11,331 (-23.3%), from €48,565 to €37,234
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 | €3,719,807 | €3,568,644 | -€151,163 | -4.1% |
| Fixed assets | 21/28 | €2,970,217 | €2,946,623 | -€23,594 | -0.8% |
| Tangible fixed assets | 22/27 | €163,094 | €139,500 | -€23,594 | -14.5% |
| Land and buildings | 22 | €100,119 | €93,489 | -€6,630 | -6.6% |
| Plant, machinery and equipment | 23 | €34,324 | €26,594 | -€7,730 | -22.5% |
| Furniture and vehicles | 24 | €28,651 | €19,417 | -€9,234 | -32.2% |
| Financial fixed assets | 28 | €2,807,122 | €2,807,122 | = | 0.0% |
| Current assets | 29/58 | €749,590 | €622,021 | -€127,569 | -17.0% |
| Amounts receivable within one year | 40/41 | €213,942 | €323,546 | +€109,604 | +51.2% |
| Trade receivables | 40 | €92,908 | €96,948 | +€4,040 | +4.3% |
| Other amounts receivable | 41 | €121,034 | €226,598 | +€105,564 | +87.2% |
| Current investments | 50/53 | €285,616 | €173,488 | -€112,128 | -39.3% |
| Cash at bank and in hand | 54/58 | €249,848 | €124,790 | -€125,058 | -50.1% |
| Deferred charges and accrued income | 490/1 | €185 | €197 | +€12 | +6.7% |
| Total equity and liabilities | 10/49 | €3,719,807 | €3,568,644 | -€151,163 | -4.1% |
| Equity | 10/15 | €1,627,136 | €1,756,491 | +€129,355 | +7.9% |
| Reserves | 13 | €1,627,136 | €1,756,491 | +€129,355 | +7.9% |
| Distributable reserves | 133 | €1,627,136 | €1,756,491 | +€129,355 | +7.9% |
| Amounts payable | 17/49 | €2,092,671 | €1,812,153 | -€280,518 | -13.4% |
| Amounts payable after more than one year | 17 | €805,918 | €670,549 | -€135,369 | -16.8% |
| Financial debts | 170/4 | €805,918 | €670,549 | -€135,369 | -16.8% |
| Amounts payable within one year | 42/48 | €1,286,753 | €1,105,049 | -€181,704 | -14.1% |
| Current portion of amounts payable after more than one year | 42 | €138,754 | €152,166 | +€13,413 | +9.7% |
| Trade debts | 44 | €508,315 | €581,714 | +€73,399 | +14.4% |
| Suppliers | 440/4 | €508,315 | €581,714 | +€73,399 | +14.4% |
| Taxes, remuneration and social security | 45 | €14,629 | €3,613 | -€11,016 | -75.3% |
| Taxes | 450/3 | €14,629 | €3,613 | -€11,016 | -75.3% |
| Other amounts payable | 47/48 | €625,056 | €367,556 | -€257,500 | -41.2% |
| Accrued charges and deferred income | 492/3 | - | €36,556 | +€36,556 | |
| Non-recurring operating income | 76A | €56,541 | €3,165 | -€53,376 | -94.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,356 | €23,594 | +€10,238 | +76.7% |
| Other operating charges | 640/8 | €381,365 | €3,310 | -€378,054 | -99.1% |
| Gross operating margin | 9900 | €590,749 | €251,831 | -€338,918 | -57.4% |
| Operating profit (loss) | 9901 | €196,029 | €224,927 | +€28,898 | +14.7% |
| Financial income | 75/76B | €25,738 | €9,329 | -€16,409 | -63.8% |
| Recurring financial income | 75 | €25,738 | €9,329 | -€16,409 | -63.8% |
| Financial charges | 65/66B | €20,314 | €67,665 | +€47,352 | +233% |
| Recurring financial charges | 65 | €20,314 | €67,665 | +€47,352 | +233% |
| Profit (loss) for the period before taxes | 9903 | €201,453 | €166,590 | -€34,863 | -17.3% |
| Income taxes | 67/77 | €48,565 | €37,234 | -€11,331 | -23.3% |
| Profit (loss) for the period | 9904 | €152,887 | €129,355 | -€23,532 | -15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €152,887 | €129,355 | -€23,532 | -15.4% |
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 14 October 2026 via checked.be.