LIGHTHOUSE: 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.
LIGHTHOUSE
Largest movements
- Tangible fixed assets -€8,206
down €8,206 (-82.7%), from €9,918 to €1,712
of which Land and buildings: -€9,318
- Cash +€3,168
up €3,168 (+72.0%), from €4,397 to €7,564
mainly Depreciation (+€10,312) and Net result for the year (+€3,599)
- Receivables within one year -€1,209
down €1,209 (-24.4%), from €4,956 to €3,746
- Debts after one year -€7,523
no longer reported in 2025 (was €7,523)
- Current portion of long-term debt -€4,820
down €4,820 (-39.1%), from €12,343 to €7,523
- Profit (loss) carried forward +€3,599
up €3,599 (+3.7%), from -€97,561 to -€93,962
- Other debts +€2,852
up €2,852 (+8.4%), from €34,102 to €36,954
- Trade debts -€618
down €618 (-17.8%), from €3,481 to €2,863
- Gross operating margin +€5,509
up €5,509 (+45.5%), from €12,113 to €17,622
- Depreciation +€555
up €555 (+5.7%), from €9,757 to €10,312
- Financial charges +€315
up €315 (+19.8%), from €1,595 to €1,910
- Other operating charges +€239
up €239 (+16.8%), from €1,422 to €1,661
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 | €20,849 | €14,459 | -€6,391 | -30.7% |
| Fixed assets | 21/28 | €9,918 | €1,712 | -€8,206 | -82.7% |
| Tangible fixed assets | 22/27 | €9,918 | €1,712 | -€8,206 | -82.7% |
| Land and buildings | 22 | €9,318 | - | -€9,318 | |
| Furniture and vehicles | 24 | €600 | €1,712 | +€1,112 | +185% |
| Current assets | 29/58 | €10,931 | €12,746 | +€1,815 | +16.6% |
| Amounts receivable within one year | 40/41 | €4,956 | €3,746 | -€1,209 | -24.4% |
| Trade receivables | 40 | €4,956 | €3,746 | -€1,209 | -24.4% |
| Cash at bank and in hand | 54/58 | €4,397 | €7,564 | +€3,168 | +72.0% |
| Deferred charges and accrued income | 490/1 | €1,579 | €1,436 | -€143 | -9.1% |
| Total equity and liabilities | 10/49 | €20,849 | €14,459 | -€6,391 | -30.7% |
| Equity | 10/15 | -€37,661 | -€34,062 | +€3,599 | +9.6% |
| Contributions | 10/11 | €58,000 | €58,000 | = | 0.0% |
| Reserves | 13 | €1,900 | €1,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€97,561 | -€93,962 | +€3,599 | +3.7% |
| Amounts payable | 17/49 | €58,510 | €48,521 | -€9,989 | -17.1% |
| Amounts payable after more than one year | 17 | €7,523 | - | -€7,523 | |
| Financial debts | 170/4 | €7,523 | - | -€7,523 | |
| Amounts payable within one year | 42/48 | €50,987 | €48,521 | -€2,467 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €12,343 | €7,523 | -€4,820 | -39.1% |
| Trade debts | 44 | €3,481 | €2,863 | -€618 | -17.8% |
| Suppliers | 440/4 | €3,481 | €2,863 | -€618 | -17.8% |
| Taxes, remuneration and social security | 45 | €1,060 | €1,181 | +€120 | +11.3% |
| Taxes | 450/3 | €1,060 | €1,181 | +€120 | +11.3% |
| Other amounts payable | 47/48 | €34,102 | €36,954 | +€2,852 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,757 | €10,312 | +€555 | +5.7% |
| Other operating charges | 640/8 | €1,422 | €1,661 | +€239 | +16.8% |
| Gross operating margin | 9900 | €12,113 | €17,622 | +€5,509 | +45.5% |
| Operating profit (loss) | 9901 | €935 | €5,649 | +€4,715 | +505% |
| Financial charges | 65/66B | €1,595 | €1,910 | +€315 | +19.8% |
| Recurring financial charges | 65 | €1,595 | €1,910 | +€315 | +19.8% |
| Profit (loss) for the period before taxes | 9903 | -€660 | €3,740 | +€4,400 | |
| Income taxes | 67/77 | €130 | €141 | +€11 | +8.4% |
| Profit (loss) for the period | 9904 | -€790 | €3,599 | +€4,389 | |
| Profit (loss) for the period to be appropriated | 9905 | -€790 | €3,599 | +€4,389 |
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.