LIGHT & VISUAL 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 & VISUAL SOLUTIONS
Largest movements
- Tangible fixed assets -€9,171
down €9,171 (-19.8%), from €46,366 to €37,196
of which Plant, machinery and equipment: -€9,527
- Cash +€7,523
up €7,523 (+33.4%), from €22,548 to €30,071
mainly Depreciation (+€22,419) and Net result for the year (+€6,246)
- Receivables within one year -€5,108
down €5,108 (-2.9%), from €178,308 to €173,200
of which Other amounts receivable: -€13,157
- Other debts -€16,612
down €16,612 (-71.7%), from €23,175 to €6,564
- Reserves +€6,246
up €6,246 (+3.5%), from €178,828 to €185,074
- Tax, wage and social debts +€5,151
up €5,151 (+71.0%), from €7,258 to €12,409
of which Taxes: +€5,151
- Debts after one year -€5,000
down €5,000 (-33.3%), from €15,000 to €10,000
- Gross operating margin -€18,495
down €18,495 (-34.9%), from €52,920 to €34,425
- Depreciation +€2,932
up €2,932 (+15.0%), from €19,488 to €22,419
- Taxes -€1,683
down €1,683 (-28.0%), from €6,006 to €4,323
- Other operating charges -€1,111
down €1,111 (-62.0%), from €1,792 to €681
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 | €251,017 | €242,353 | -€8,664 | -3.5% |
| Fixed assets | 21/28 | €46,366 | €37,196 | -€9,171 | -19.8% |
| Tangible fixed assets | 22/27 | €46,366 | €37,196 | -€9,171 | -19.8% |
| Plant, machinery and equipment | 23 | €45,322 | €35,795 | -€9,527 | -21.0% |
| Furniture and vehicles | 24 | €405 | €981 | +€575 | +142% |
| Other tangible fixed assets | 26 | €638 | €419 | -€219 | -34.3% |
| Current assets | 29/58 | €204,651 | €205,157 | +€507 | +0.2% |
| Amounts receivable within one year | 40/41 | €178,308 | €173,200 | -€5,108 | -2.9% |
| Trade receivables | 40 | €6,825 | €14,874 | +€8,049 | +118% |
| Other amounts receivable | 41 | €171,483 | €158,326 | -€13,157 | -7.7% |
| Cash at bank and in hand | 54/58 | €22,548 | €30,071 | +€7,523 | +33.4% |
| Deferred charges and accrued income | 490/1 | €3,795 | €1,887 | -€1,908 | -50.3% |
| Total equity and liabilities | 10/49 | €251,017 | €242,353 | -€8,664 | -3.5% |
| Equity | 10/15 | €197,428 | €203,674 | +€6,246 | +3.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €178,828 | €185,074 | +€6,246 | +3.5% |
| Distributable reserves | 133 | €178,828 | €185,074 | +€6,246 | +3.5% |
| Amounts payable | 17/49 | €53,588 | €38,679 | -€14,910 | -27.8% |
| Amounts payable after more than one year | 17 | €15,000 | €10,000 | -€5,000 | -33.3% |
| Financial debts | 170/4 | €15,000 | €10,000 | -€5,000 | -33.3% |
| Amounts payable within one year | 42/48 | €38,565 | €28,595 | -€9,969 | -25.9% |
| Trade debts | 44 | €8,131 | €9,622 | +€1,491 | +18.3% |
| Suppliers | 440/4 | €8,131 | €9,622 | +€1,491 | +18.3% |
| Taxes, remuneration and social security | 45 | €7,258 | €12,409 | +€5,151 | +71.0% |
| Taxes | 450/3 | €7,258 | €12,409 | +€5,151 | +71.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €23,175 | €6,564 | -€16,612 | -71.7% |
| Accrued charges and deferred income | 492/3 | €24 | €83 | +€60 | +251% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,488 | €22,419 | +€2,932 | +15.0% |
| Other operating charges | 640/8 | €1,792 | €681 | -€1,111 | -62.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €52,920 | €34,425 | -€18,495 | -34.9% |
| Operating profit (loss) | 9901 | €31,640 | €11,324 | -€20,316 | -64.2% |
| Financial income | 75/76B | €49 | €11 | -€39 | -78.6% |
| Recurring financial income | 75 | €49 | €11 | -€39 | -78.6% |
| Financial charges | 65/66B | €997 | €766 | -€231 | -23.1% |
| Recurring financial charges | 65 | €997 | €766 | -€231 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | €30,692 | €10,568 | -€20,124 | -65.6% |
| Income taxes | 67/77 | €6,006 | €4,323 | -€1,683 | -28.0% |
| Profit (loss) for the period | 9904 | €24,687 | €6,246 | -€18,441 | -74.7% |
| Profit (loss) for the period to be appropriated | 9905 | €24,687 | €6,246 | -€18,441 | -74.7% |
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.