LIGHTHOUSE EUROPE: what changed
LIGHTHOUSE EUROPE
Largest movements
- Receivables within one year -€18,932
down €18,932 (-22.4%), from €84,684 to €65,752
of which Trade receivables: -€27,950
- Deferred charges and accrued income -€12,467
down €12,467 (-41.4%), from €30,086 to €17,619
- Financial fixed assets -€8,700
no longer reported in 2024 (was €8,700)
- Cash +€6,629
up €6,629 (+159%), from €4,171 to €10,800
mainly Short-term financial debts (+€66,734) and Current portion of long-term debt (+€24,990)
- Intangible fixed assets -€4,770
down €4,770 (-75.2%), from €6,346 to €1,576
- Profit (loss) carried forward -€140,753
down €140,753, from €84,727 to -€56,026
- Short-term financial debts +€66,734
new in 2024: €66,734
- Current portion of long-term debt +€24,990
new in 2024: €24,990
- Tax, wage and social debts -€24,613
down €24,613 (-83.4%), from €29,529 to €4,916
of which Taxes: -€16,642
- Trade debts +€14,888
up €14,888 (+266%), from €5,600 to €20,488
- Gross operating margin -€265,113
down €265,113 (-97.2%), from €272,723 to €7,610
- Staff costs -€121,968
down €121,968 (-47.9%), from €254,754 to €132,786
- Financial charges +€4,619
up €4,619 (+181%), from €2,548 to €7,167
- Depreciation -€3,193
down €3,193 (-29.4%), from €10,859 to €7,666
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €140,720 | €99,584 | -€41,136 | -29.2% |
| Fixed assets | 21/28 | €21,779 | €5,413 | -€16,366 | -75.1% |
| Intangible fixed assets | 21 | €6,346 | €1,576 | -€4,770 | -75.2% |
| Tangible fixed assets | 22/27 | €6,733 | €3,837 | -€2,896 | -43.0% |
| Plant, machinery and equipment | 23 | €355 | - | -€355 | |
| Furniture and vehicles | 24 | €6,378 | €3,837 | -€2,541 | -39.8% |
| Financial fixed assets | 28 | €8,700 | - | -€8,700 | |
| Current assets | 29/58 | €118,941 | €94,171 | -€24,770 | -20.8% |
| Amounts receivable within one year | 40/41 | €84,684 | €65,752 | -€18,932 | -22.4% |
| Trade receivables | 40 | €78,479 | €50,529 | -€27,950 | -35.6% |
| Other amounts receivable | 41 | €6,205 | €15,223 | +€9,018 | +145% |
| Cash at bank and in hand | 54/58 | €4,171 | €10,800 | +€6,629 | +159% |
| Deferred charges and accrued income | 490/1 | €30,086 | €17,619 | -€12,467 | -41.4% |
| Total equity and liabilities | 10/49 | €140,720 | €99,584 | -€41,136 | -29.2% |
| Equity | 10/15 | €105,591 | -€35,162 | -€140,753 | |
| Contributions | 10/11 | €4,960 | €4,960 | = | 0.0% |
| Reserves | 13 | €15,904 | €15,904 | = | 0.0% |
| Distributable reserves | 133 | €15,904 | €15,904 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,727 | -€56,026 | -€140,753 | |
| Amounts payable | 17/49 | €35,129 | €134,746 | +€99,617 | +284% |
| Amounts payable after more than one year | 17 | - | €13,041 | +€13,041 | |
| Financial debts | 170/4 | - | €13,041 | +€13,041 | |
| Amounts payable within one year | 42/48 | €35,129 | €117,128 | +€81,999 | +233% |
| Current portion of amounts payable after more than one year | 42 | - | €24,990 | +€24,990 | |
| Financial debts | 43 | - | €66,734 | +€66,734 | |
| Credit institutions | 430/8 | - | €66,734 | +€66,734 | |
| Trade debts | 44 | €5,600 | €20,488 | +€14,888 | +266% |
| Suppliers | 440/4 | €5,600 | €20,488 | +€14,888 | +266% |
| Taxes, remuneration and social security | 45 | €29,529 | €4,916 | -€24,613 | -83.4% |
| Taxes | 450/3 | €20,797 | €4,155 | -€16,642 | -80.0% |
| Remuneration and social security | 454/9 | €8,732 | €761 | -€7,971 | -91.3% |
| Accrued charges and deferred income | 492/3 | - | €4,577 | +€4,577 | |
| Remuneration, social security and pensions | 62 | €254,754 | €132,786 | -€121,968 | -47.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,859 | €7,666 | -€3,193 | -29.4% |
| Other operating charges | 640/8 | €829 | €604 | -€225 | -27.1% |
| Gross operating margin | 9900 | €272,723 | €7,610 | -€265,113 | -97.2% |
| Operating profit (loss) | 9901 | €6,281 | -€133,446 | -€139,727 | |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Financial charges | 65/66B | €2,548 | €7,167 | +€4,619 | +181% |
| Recurring financial charges | 65 | €2,548 | €7,167 | +€4,619 | +181% |
| Profit (loss) for the period before taxes | 9903 | €3,740 | -€140,613 | -€144,353 | |
| Income taxes | 67/77 | €1,366 | €140 | -€1,226 | -89.8% |
| Profit (loss) for the period | 9904 | €2,374 | -€140,753 | -€143,127 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,374 | -€140,753 | -€143,127 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.