LIGHT TO LIGHT: 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 TO LIGHT
Largest movements
- Cash -€32,849
down €32,849 (-17.5%), from €187,345 to €154,496
mainly Net result for the year (-€44,141) and Trade debts (-€37,802)
- Tangible fixed assets -€28,078
down €28,078 (-17.9%), from €156,734 to €128,655
- Financial fixed assets -€23,776
down €23,776 (-37.8%), from €62,927 to €39,151
- Receivables within one year -€11,282
down €11,282 (-11.5%), from €98,271 to €86,990
of which Trade receivables: -€13,862
- Profit (loss) carried forward -€44,141
down €44,141 (-44.3%), from €99,708 to €55,568
- Trade debts -€37,802
down €37,802 (-95.1%), from €39,750 to €1,948
- Reserves -€20,000
down €20,000 (-10.8%), from €185,270 to €165,270
of which Distributable reserves: -€20,000
- Other debts +€18,440
up €18,440 (+3,293%), from €560 to €19,000
- Debts after one year -€16,753
down €16,753 (-26.1%), from €64,157 to €47,404
- Gross operating margin -€77,915
down €77,915 (-37.7%), from €206,674 to €128,760
- Other operating charges +€27,786
up €27,786 (+568%), from €4,892 to €32,678
- Taxes -€24,882
down €24,882, from €19,501 to -€5,382
- Depreciation +€7,465
up €7,465 (+33.9%), from €22,032 to €29,497
- Staff costs -€3,813
down €3,813 (-3.2%), from €117,723 to €113,910
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €507,011 | €410,311 | -€96,701 | -19.1% |
| Fixed assets | 21/28 | €219,661 | €167,806 | -€51,854 | -23.6% |
| Tangible fixed assets | 22/27 | €156,734 | €128,655 | -€28,078 | -17.9% |
| Land and buildings | 22 | €98,666 | €86,871 | -€11,795 | -12.0% |
| Plant, machinery and equipment | 23 | €24,574 | €19,484 | -€5,090 | -20.7% |
| Furniture and vehicles | 24 | €33,260 | €22,067 | -€11,193 | -33.7% |
| Other tangible fixed assets | 26 | €233 | €233 | = | 0.0% |
| Financial fixed assets | 28 | €62,927 | €39,151 | -€23,776 | -37.8% |
| Current assets | 29/58 | €287,351 | €242,504 | -€44,846 | -15.6% |
| Amounts receivable within one year | 40/41 | €98,271 | €86,990 | -€11,282 | -11.5% |
| Trade receivables | 40 | €66,929 | €53,067 | -€13,862 | -20.7% |
| Other amounts receivable | 41 | €31,342 | €33,922 | +€2,580 | +8.2% |
| Cash at bank and in hand | 54/58 | €187,345 | €154,496 | -€32,849 | -17.5% |
| Deferred charges and accrued income | 490/1 | €1,734 | €1,018 | -€716 | -41.3% |
| Total equity and liabilities | 10/49 | €507,011 | €410,311 | -€96,701 | -19.1% |
| Equity | 10/15 | €314,978 | €250,838 | -€64,141 | -20.4% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €185,270 | €165,270 | -€20,000 | -10.8% |
| Tax-exempt reserves | 132 | €64,770 | €64,770 | = | 0.0% |
| Distributable reserves | 133 | €120,500 | €100,500 | -€20,000 | -16.6% |
| Profit (loss) carried forward | 14 | €99,708 | €55,568 | -€44,141 | -44.3% |
| Amounts payable | 17/49 | €192,033 | €159,473 | -€32,560 | -17.0% |
| Amounts payable after more than one year | 17 | €64,157 | €47,404 | -€16,753 | -26.1% |
| Financial debts | 170/4 | €64,157 | €47,404 | -€16,753 | -26.1% |
| Amounts payable within one year | 42/48 | €127,876 | €112,069 | -€15,807 | -12.4% |
| Current portion of amounts payable after more than one year | 42 | €16,072 | €16,753 | +€681 | +4.2% |
| Trade debts | 44 | €39,750 | €1,948 | -€37,802 | -95.1% |
| Suppliers | 440/4 | €39,750 | €1,948 | -€37,802 | -95.1% |
| Advances received on contracts in progress | 46 | €26,844 | €35,865 | +€9,022 | +33.6% |
| Taxes, remuneration and social security | 45 | €44,650 | €38,502 | -€6,147 | -13.8% |
| Taxes | 450/3 | €26,409 | €16,224 | -€10,185 | -38.6% |
| Remuneration and social security | 454/9 | €18,241 | €22,279 | +€4,038 | +22.1% |
| Other amounts payable | 47/48 | €560 | €19,000 | +€18,440 | +3,293% |
| Remuneration, social security and pensions | 62 | €117,723 | €113,910 | -€3,813 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,032 | €29,497 | +€7,465 | +33.9% |
| Other operating charges | 640/8 | €4,892 | €32,678 | +€27,786 | +568% |
| Gross operating margin | 9900 | €206,674 | €128,760 | -€77,915 | -37.7% |
| Operating profit (loss) | 9901 | €62,027 | -€47,326 | -€109,353 | |
| Financial income | 75/76B | - | €1,521 | +€1,521 | |
| Recurring financial income | 75 | - | €1,521 | +€1,521 | |
| Financial charges | 65/66B | €7,236 | €3,718 | -€3,518 | -48.6% |
| Recurring financial charges | 65 | €7,236 | €3,718 | -€3,518 | -48.6% |
| Profit (loss) for the period before taxes | 9903 | €54,791 | -€49,522 | -€104,313 | |
| Income taxes | 67/77 | €19,501 | -€5,382 | -€24,882 | |
| Profit (loss) for the period | 9904 | €35,290 | -€44,141 | -€79,431 | |
| Profit (loss) for the period to be appropriated | 9905 | €35,290 | -€44,141 | -€79,431 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.