Lighthouse: 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.
Lighthouse
Largest movements
- Cash +€123,082
up €123,082 (+272.5%), from €45,162 to €168,244
mainly Short-term financial debts (+€150,000) and Net result for the year (+€97,361)
- Receivables within one year +€117,436
up €117,436 (+51.1%), from €229,914 to €347,349
of which Trade receivables: +€102,668
- Intangible fixed assets -€31,815
down €31,815 (-10.5%), from €302,375 to €270,560
- Short-term financial debts +€150,000
new in 2025: €150,000
- Reserves +€97,361
up €97,361 (+30.8%), from €316,376 to €413,737
- Tax, wage and social debts -€47,384
down €47,384 (-65.7%), from €72,118 to €24,734
of which Taxes: -€37,793
- Trade debts +€40,349
up €40,349 (+27.6%), from €146,049 to €186,399
- Other debts -€35,750
down €35,750 (-100.0%), from €35,750 to €0
- Gross operating margin -€39,056
down €39,056 (-12.2%), from €320,364 to €281,308
- Depreciation +€8,975
up €8,975 (+29.5%), from €30,377 to €39,352
- Staff costs +€6,464
up €6,464 (+6.9%), from €93,559 to €100,023
- Other operating charges +€5,178
up €5,178 (+185.8%), from €2,786 to €7,964
- Taxes -€4,501
down €4,501 (-11.5%), from €39,017 to €34,516
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 | €580,293 | €794,999 | +€214,705 | +37.0% |
| Fixed assets | 21/28 | €303,703 | €275,922 | -€27,781 | -9.1% |
| Intangible fixed assets | 21 | €302,375 | €270,560 | -€31,815 | -10.5% |
| Tangible fixed assets | 22/27 | €1,328 | €5,362 | +€4,034 | +303.8% |
| Furniture and vehicles | 24 | €1,328 | €5,362 | +€4,034 | +303.8% |
| Current assets | 29/58 | €276,591 | €519,077 | +€242,487 | +87.7% |
| Amounts receivable within one year | 40/41 | €229,914 | €347,349 | +€117,436 | +51.1% |
| Trade receivables | 40 | €229,914 | €332,582 | +€102,668 | +44.7% |
| Other amounts receivable | 41 | - | €14,767 | +€14,767 | |
| Cash at bank and in hand | 54/58 | €45,162 | €168,244 | +€123,082 | +272.5% |
| Deferred charges and accrued income | 490/1 | €1,515 | €3,484 | +€1,969 | +129.9% |
| Total equity and liabilities | 10/49 | €580,293 | €794,999 | +€214,705 | +37.0% |
| Equity | 10/15 | €326,376 | €423,737 | +€97,361 | +29.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €316,376 | €413,737 | +€97,361 | +30.8% |
| Distributable reserves | 133 | €316,376 | €413,737 | +€97,361 | +30.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €253,918 | €371,262 | +€117,344 | +46.2% |
| Amounts payable within one year | 42/48 | €253,918 | €371,262 | +€117,344 | +46.2% |
| Current portion of amounts payable after more than one year | 42 | - | €10,129 | +€10,129 | |
| Financial debts | 43 | - | €150,000 | +€150,000 | |
| Credit institutions | 430/8 | - | €150,000 | +€150,000 | |
| Trade debts | 44 | €146,049 | €186,399 | +€40,349 | +27.6% |
| Suppliers | 440/4 | €146,049 | €186,399 | +€40,349 | +27.6% |
| Taxes, remuneration and social security | 45 | €72,118 | €24,734 | -€47,384 | -65.7% |
| Taxes | 450/3 | €56,826 | €19,033 | -€37,793 | -66.5% |
| Remuneration and social security | 454/9 | €15,292 | €5,701 | -€9,591 | -62.7% |
| Other amounts payable | 47/48 | €35,750 | €0 | -€35,750 | -100.0% |
| Remuneration, social security and pensions | 62 | €93,559 | €100,023 | +€6,464 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,377 | €39,352 | +€8,975 | +29.5% |
| Other operating charges | 640/8 | €2,786 | €7,964 | +€5,178 | +185.8% |
| Gross operating margin | 9900 | €320,364 | €281,308 | -€39,056 | -12.2% |
| Operating profit (loss) | 9901 | €193,642 | €133,968 | -€59,673 | -30.8% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,301 | €2,092 | +€790 | +60.7% |
| Recurring financial charges | 65 | €1,301 | €2,092 | +€790 | +60.7% |
| Profit (loss) for the period before taxes | 9903 | €192,340 | €131,877 | -€60,463 | -31.4% |
| Income taxes | 67/77 | €39,017 | €34,516 | -€4,501 | -11.5% |
| Profit (loss) for the period | 9904 | €153,323 | €97,361 | -€55,962 | -36.5% |
| Profit (loss) for the period to be appropriated | 9905 | €153,323 | €97,361 | -€55,962 | -36.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.