LIGHTHEAD: what changed
Two fiscal 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.
LIGHTHEAD
Largest movements
- Receivables within one year +€12,790
up €12,790 (+54.1%), from €23,657 to €36,447
of which Other amounts receivable: +€10,937
- Cash -€3,203
down €3,203 (-22.6%), from €14,187 to €10,985
mainly Contributions, distributions and other (-€13,000) and Receivables within one year (-€12,790)
- Tangible fixed assets +€1,625
up €1,625 (+62.6%), from €2,595 to €4,220
of which Plant, machinery and equipment: +€1,702
- Other debts +€12,155
new in 2025: €12,155
- Reserves -€3,824
down €3,824 (-24.7%), from €15,485 to €11,661
of which Distributable reserves: -€3,824
- Tax, wage and social debts +€1,782
up €1,782 (+124.6%), from €1,430 to €3,212
- Trade debts +€1,100
up €1,100 (+48.5%), from €2,267 to €3,367
- Gross operating margin +€10,720
up €10,720 (+296.8%), from €3,611 to €14,331
- Depreciation +€1,285
up €1,285 (+83.1%), from €1,546 to €2,831
- Taxes +€742
up €742 (+423.6%), from €175 to €918
- Other operating charges +€146
up €146 (+12.2%), from €1,193 to €1,339
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 | €40,439 | €51,652 | +€11,213 | +27.7% |
| Fixed assets | 21/28 | €2,595 | €4,220 | +€1,625 | +62.6% |
| Tangible fixed assets | 22/27 | €2,595 | €4,220 | +€1,625 | +62.6% |
| Plant, machinery and equipment | 23 | €2,518 | €4,220 | +€1,702 | +67.6% |
| Furniture and vehicles | 24 | €76 | - | -€76 | |
| Current assets | 29/58 | €37,844 | €47,432 | +€9,588 | +25.3% |
| Amounts receivable within one year | 40/41 | €23,657 | €36,447 | +€12,790 | +54.1% |
| Trade receivables | 40 | €7,050 | €8,904 | +€1,853 | +26.3% |
| Other amounts receivable | 41 | €16,606 | €27,544 | +€10,937 | +65.9% |
| Cash at bank and in hand | 54/58 | €14,187 | €10,985 | -€3,203 | -22.6% |
| Total equity and liabilities | 10/49 | €40,439 | €51,652 | +€11,213 | +27.7% |
| Equity | 10/15 | €36,742 | €32,918 | -€3,824 | -10.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €15,485 | €11,661 | -€3,824 | -24.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €13,625 | €9,801 | -€3,824 | -28.1% |
| Profit (loss) carried forward | 14 | €15,057 | €15,057 | -€0 | 0.0% |
| Amounts payable | 17/49 | €3,697 | €18,734 | +€15,037 | +406.7% |
| Amounts payable within one year | 42/48 | €3,697 | €18,734 | +€15,037 | +406.7% |
| Trade debts | 44 | €2,267 | €3,367 | +€1,100 | +48.5% |
| Suppliers | 440/4 | €2,267 | €3,367 | +€1,100 | +48.5% |
| Taxes, remuneration and social security | 45 | €1,430 | €3,212 | +€1,782 | +124.6% |
| Taxes | 450/3 | €1,430 | €3,212 | +€1,782 | +124.6% |
| Other amounts payable | 47/48 | - | €12,155 | +€12,155 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,546 | €2,831 | +€1,285 | +83.1% |
| Other operating charges | 640/8 | €1,193 | €1,339 | +€146 | +12.2% |
| Gross operating margin | 9900 | €3,611 | €14,331 | +€10,720 | +296.8% |
| Operating profit (loss) | 9901 | €872 | €10,160 | +€9,289 | +1065.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €71 | €67 | -€5 | -6.6% |
| Recurring financial charges | 65 | €71 | €67 | -€5 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €800 | €10,094 | +€9,293 | +1161.1% |
| Income taxes | 67/77 | €175 | €918 | +€742 | +423.6% |
| Profit (loss) for the period | 9904 | €625 | €9,176 | +€8,551 | +1367.9% |
| Profit (loss) for the period to be appropriated | 9905 | €625 | €9,176 | +€8,551 | +1367.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.