Lighthouse Corner Development: 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.
What changed
Lighthouse Corner Development
NACE 68.121, Development of residential building projects
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€213,055
2024 · -€350,231+€137,176
Equity
€670,989
2024 · €884,980-€213,991
Cash
€4,612
2024 · €5,775-€1,163
Balance sheet total
€7.8m
2024 · €8.3m-€440,387
Largest movements
Assets
- Tangible fixed assets -€454,500
down €454,500 (-5.7%), from €8.0m to €7.5m
- Receivables within one year +€86,891
up €86,891 (+83.0%), from €104,690 to €191,581
of which Trade receivables: +€84,445
Equity and liabilities
- Debts after one year -€366,663
down €366,663 (-5.6%), from €6.6m to €6.2m
- Profit (loss) carried forward -€213,991
down €213,991 (-34.8%), from -€615,020 to -€829,011
- Other debts +€105,000
up €105,000 (+22.2%), from €473,911 to €578,911
Income statement
- Gross operating margin +€117,346
up €117,346 (+31.2%), from €375,748 to €493,093
- Financial charges -€61,059
down €61,059 (-21.6%), from €283,168 to €222,109
- Other operating charges +€26,553
up €26,553 (+877%), from €3,029 to €29,582
- Depreciation +€12,313
up €12,313 (+2.7%), from €448,309 to €460,622
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.
Result 2024
-€350,231
Gross operating margin
+€117,346
Depreciation
-€12,313
Other operating charges
-€26,553
Financial income
-€2,362
Financial charges
+€61,059
Result 2025
-€213,055
raises the resultlowers the result
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.
From operations
+€366,454
Investment
-€6,122
Financing
-€361,496
Cash 2024
€5,775
From operations (derived)
+€366,454
Net result for the year
-€213,055
Depreciation
+€460,622
Receivables after one year
+€71,614
Receivables within one year
-€86,891
Trade debts
+€8,510
Tax, wage and social debts
-€5,401
Other debts
+€105,000
Accrued charges and deferred income
+€26,056
Investment (derived)
-€6,122
Investment in fixed assets (net)
-€6,122
Financing
-€361,496
Debts after one year
-€366,663
Current portion of long-term debt
+€6,103
Contributions, distributions and other
-€936
Cash 2025
€4,612
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,264,915 | €7,824,529 | -€440,387 | -5.3% |
| Fixed assets | 21/28 | €8,000,320 | €7,545,820 | -€454,500 | -5.7% |
| Tangible fixed assets | 22/27 | €8,000,320 | €7,545,820 | -€454,500 | -5.7% |
| Land and buildings | 22 | €4,158,401 | €3,995,297 | -€163,103 | -3.9% |
| Plant, machinery and equipment | 23 | €2,283,285 | €2,157,865 | -€125,420 | -5.5% |
| Furniture and vehicles | 24 | €782,252 | €678,045 | -€104,207 | -13.3% |
| Other tangible fixed assets | 26 | €776,382 | €714,612 | -€61,770 | -8.0% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €264,595 | €278,709 | +€14,114 | +5.3% |
| Amounts receivable after more than one year | 29 | €139,483 | €67,869 | -€71,614 | -51.3% |
| Other amounts receivable | 291 | €139,483 | €67,869 | -€71,614 | -51.3% |
| Stocks and contracts in progress | 3 | €14,647 | €14,647 | = | 0.0% |
| Stocks | 30/36 | €14,647 | €14,647 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €104,690 | €191,581 | +€86,891 | +83.0% |
| Trade receivables | 40 | €35,521 | €119,967 | +€84,445 | +238% |
| Other amounts receivable | 41 | €69,169 | €71,614 | +€2,446 | +3.5% |
| Cash at bank and in hand | 54/58 | €5,775 | €4,612 | -€1,163 | -20.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €8,264,915 | €7,824,529 | -€440,387 | -5.3% |
| Equity | 10/15 | €884,980 | €670,989 | -€213,991 | -24.2% |
| Contributions | 10/11 | €1,500,000 | €1,500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€615,020 | -€829,011 | -€213,991 | -34.8% |
| Amounts payable | 17/49 | €7,379,935 | €7,153,540 | -€226,395 | -3.1% |
| Amounts payable after more than one year | 17 | €6,563,716 | €6,197,053 | -€366,663 | -5.6% |
| Financial debts | 170/4 | €6,563,716 | €6,197,053 | -€366,663 | -5.6% |
| Amounts payable within one year | 42/48 | €791,499 | €905,711 | +€114,212 | +14.4% |
| Current portion of amounts payable after more than one year | 42 | €259,370 | €265,474 | +€6,103 | +2.4% |
| Trade debts | 44 | €46,113 | €54,623 | +€8,510 | +18.5% |
| Suppliers | 440/4 | €46,113 | €54,623 | +€8,510 | +18.5% |
| Taxes, remuneration and social security | 45 | €12,104 | €6,704 | -€5,401 | -44.6% |
| Taxes | 450/3 | €12,104 | €6,704 | -€5,401 | -44.6% |
| Other amounts payable | 47/48 | €473,911 | €578,911 | +€105,000 | +22.2% |
| Accrued charges and deferred income | 492/3 | €24,719 | €50,775 | +€26,056 | +105% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €448,309 | €460,622 | +€12,313 | +2.7% |
| Other operating charges | 640/8 | €3,029 | €29,582 | +€26,553 | +877% |
| Gross operating margin | 9900 | €375,748 | €493,093 | +€117,346 | +31.2% |
| Operating profit (loss) | 9901 | -€75,590 | €2,889 | +€78,479 | |
| Financial income | 75/76B | €8,527 | €6,165 | -€2,362 | -27.7% |
| Recurring financial income | 75 | €8,527 | €6,165 | -€2,362 | -27.7% |
| Financial charges | 65/66B | €283,168 | €222,109 | -€61,059 | -21.6% |
| Recurring financial charges | 65 | €283,168 | €222,109 | -€61,059 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | -€350,231 | -€213,055 | +€137,176 | +39.2% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€350,231 | -€213,055 | +€137,176 | +39.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€350,231 | -€213,055 | +€137,176 | +39.2% |
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.