LIGHT UP: 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 UP
Largest movements
- Receivables within one year +€57,846
up €57,846 (+172.9%), from €33,448 to €91,294
of which Trade receivables: +€44,901
- Tangible fixed assets +€16,106
up €16,106 (+398.1%), from €4,045 to €20,152
of which Leasing and similar rights: +€17,625
- Cash -€12,865
down €12,865 (-58.5%), from €21,998 to €9,133
mainly Receivables within one year (-€57,846) and Other debts (-€23,200)
- Trade debts +€51,048
up €51,048 (+405.8%), from €12,580 to €63,627
- Profit (loss) carried forward +€23,599
up €23,599 (+37.7%), from -€62,590 to -€38,991
- Other debts -€23,200
down €23,200 (-100.0%), from €23,200 to €0
- Debts after one year +€11,655
new in 2025: €11,655
- Tax, wage and social debts -€5,102
down €5,102 (-25.9%), from €19,689 to €14,586
of which Taxes: -€9,298
- Staff costs +€14,653
up €14,653 (+96.7%), from €15,160 to €29,813
- Gross operating margin +€11,441
up €11,441 (+20.0%), from €57,320 to €68,761
- Depreciation +€3,152
up €3,152 (+175.8%), from €1,793 to €4,944
- Financial charges +€716
up €716 (+48.3%), from €1,482 to €2,197
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 | €61,079 | €122,198 | +€61,120 | +100.1% |
| Fixed assets | 21/28 | €4,300 | €20,407 | +€16,106 | +374.5% |
| Tangible fixed assets | 22/27 | €4,045 | €20,152 | +€16,106 | +398.1% |
| Furniture and vehicles | 24 | €3,630 | €2,165 | -€1,465 | -40.4% |
| Leasing and similar rights | 25 | - | €17,625 | +€17,625 | |
| Other tangible fixed assets | 26 | €415 | €362 | -€53 | -12.9% |
| Financial fixed assets | 28 | €255 | €255 | = | 0.0% |
| Current assets | 29/58 | €56,778 | €101,792 | +€45,014 | +79.3% |
| Amounts receivable within one year | 40/41 | €33,448 | €91,294 | +€57,846 | +172.9% |
| Trade receivables | 40 | €14,656 | €59,557 | +€44,901 | +306.4% |
| Other amounts receivable | 41 | €18,793 | €31,737 | +€12,945 | +68.9% |
| Cash at bank and in hand | 54/58 | €21,998 | €9,133 | -€12,865 | -58.5% |
| Deferred charges and accrued income | 490/1 | €1,332 | €1,364 | +€33 | +2.5% |
| Total equity and liabilities | 10/49 | €61,079 | €122,198 | +€61,120 | +100.1% |
| Equity | 10/15 | €5,610 | €29,209 | +€23,599 | +420.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,590 | -€38,991 | +€23,599 | +37.7% |
| Amounts payable | 17/49 | €55,468 | €92,990 | +€37,521 | +67.6% |
| Amounts payable after more than one year | 17 | - | €11,655 | +€11,655 | |
| Financial debts | 170/4 | - | €11,655 | +€11,655 | |
| Amounts payable within one year | 42/48 | €55,468 | €81,335 | +€25,867 | +46.6% |
| Current portion of amounts payable after more than one year | 42 | - | €3,121 | +€3,121 | |
| Trade debts | 44 | €12,580 | €63,627 | +€51,048 | +405.8% |
| Suppliers | 440/4 | €12,580 | €63,627 | +€51,048 | +405.8% |
| Taxes, remuneration and social security | 45 | €19,689 | €14,586 | -€5,102 | -25.9% |
| Taxes | 450/3 | €16,864 | €7,567 | -€9,298 | -55.1% |
| Remuneration and social security | 454/9 | €2,824 | €7,020 | +€4,195 | +148.5% |
| Other amounts payable | 47/48 | €23,200 | €0 | -€23,200 | -100.0% |
| Remuneration, social security and pensions | 62 | €15,160 | €29,813 | +€14,653 | +96.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,793 | €4,944 | +€3,152 | +175.8% |
| Other operating charges | 640/8 | €198 | €382 | +€184 | +92.6% |
| Gross operating margin | 9900 | €57,320 | €68,761 | +€11,441 | +20.0% |
| Operating profit (loss) | 9901 | €40,169 | €33,622 | -€6,547 | -16.3% |
| Financial income | 75/76B | €566 | €1,224 | +€657 | +116.0% |
| Recurring financial income | 75 | €566 | €1,224 | +€657 | +116.0% |
| Financial charges | 65/66B | €1,482 | €2,197 | +€716 | +48.3% |
| Recurring financial charges | 65 | €1,482 | €2,197 | +€716 | +48.3% |
| Profit (loss) for the period before taxes | 9903 | €39,254 | €32,649 | -€6,605 | -16.8% |
| Income taxes | 67/77 | €9,241 | €9,050 | -€191 | -2.1% |
| Profit (loss) for the period | 9904 | €30,013 | €23,599 | -€6,414 | -21.4% |
| Profit (loss) for the period to be appropriated | 9905 | €30,013 | €23,599 | -€6,414 | -21.4% |
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 11 October 2026 via checked.be.