LIGHTHOUSE GROUP: 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 GROUP
Largest movements
- Receivables within one year -€16,466
down €16,466 (-83.7%), from €19,669 to €3,203
of which Trade receivables: -€13,591
- Cash +€11,373
up €11,373 (+40.3%), from €28,244 to €39,617
mainly Net result for the year (+€39,512) and Depreciation (+€31,286)
- Tangible fixed assets +€9,716
up €9,716 (+2.4%), from €408,287 to €418,003
of which Furniture and vehicles: +€8,677
- Other debts -€27,140
down €27,140 (-40.2%), from €67,595 to €40,455
- Debts after one year +€17,777
up €17,777 (+7.4%), from €240,409 to €258,186
- Reserves +€9,512
up €9,512 (+12.3%), from €77,130 to €86,642
- Staff costs -€9,663
down €9,663 (-82.6%), from €11,692 to €2,029
- Depreciation +€9,474
up €9,474 (+43.4%), from €21,812 to €31,286
- Gross operating margin -€3,669
down €3,669 (-3.5%), from €105,745 to €102,076
- Other operating charges -€1,071
down €1,071 (-19.4%), from €5,526 to €4,455
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 | €463,298 | €469,562 | +€6,264 | +1.4% |
| Fixed assets | 21/28 | €408,287 | €418,003 | +€9,716 | +2.4% |
| Tangible fixed assets | 22/27 | €408,287 | €418,003 | +€9,716 | +2.4% |
| Land and buildings | 22 | €367,894 | €372,827 | +€4,933 | +1.3% |
| Plant, machinery and equipment | 23 | €27,834 | €23,940 | -€3,894 | -14.0% |
| Furniture and vehicles | 24 | €12,560 | €21,236 | +€8,677 | +69.1% |
| Current assets | 29/58 | €55,011 | €51,559 | -€3,452 | -6.3% |
| Stocks and contracts in progress | 3 | €1,398 | €1,864 | +€467 | +33.4% |
| Stocks | 30/36 | €1,398 | €1,864 | +€467 | +33.4% |
| Amounts receivable within one year | 40/41 | €19,669 | €3,203 | -€16,466 | -83.7% |
| Trade receivables | 40 | €16,586 | €2,995 | -€13,591 | -81.9% |
| Other amounts receivable | 41 | €3,083 | €208 | -€2,875 | -93.3% |
| Cash at bank and in hand | 54/58 | €28,244 | €39,617 | +€11,373 | +40.3% |
| Deferred charges and accrued income | 490/1 | €5,700 | €6,874 | +€1,174 | +20.6% |
| Total equity and liabilities | 10/49 | €463,298 | €469,562 | +€6,264 | +1.4% |
| Equity | 10/15 | €95,730 | €105,242 | +€9,512 | +9.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €77,130 | €86,642 | +€9,512 | +12.3% |
| Distributable reserves | 133 | €77,130 | €86,642 | +€9,512 | +12.3% |
| Amounts payable | 17/49 | €367,568 | €364,320 | -€3,248 | -0.9% |
| Amounts payable after more than one year | 17 | €240,409 | €258,186 | +€17,777 | +7.4% |
| Financial debts | 170/4 | €240,409 | €258,186 | +€17,777 | +7.4% |
| Amounts payable within one year | 42/48 | €125,520 | €100,039 | -€25,481 | -20.3% |
| Current portion of amounts payable after more than one year | 42 | €27,344 | €28,473 | +€1,128 | +4.1% |
| Trade debts | 44 | €11,413 | €11,673 | +€260 | +2.3% |
| Suppliers | 440/4 | €11,413 | €11,673 | +€260 | +2.3% |
| Advances received on contracts in progress | 46 | €116 | €24 | -€92 | -79.5% |
| Taxes, remuneration and social security | 45 | €19,051 | €19,415 | +€364 | +1.9% |
| Taxes | 450/3 | €19,051 | €16,915 | -€2,136 | -11.2% |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | €67,595 | €40,455 | -€27,140 | -40.2% |
| Accrued charges and deferred income | 492/3 | €1,639 | €6,095 | +€4,456 | +271.8% |
| Remuneration, social security and pensions | 62 | €11,692 | €2,029 | -€9,663 | -82.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,812 | €31,286 | +€9,474 | +43.4% |
| Other operating charges | 640/8 | €5,526 | €4,455 | -€1,071 | -19.4% |
| Gross operating margin | 9900 | €105,745 | €102,076 | -€3,669 | -3.5% |
| Operating profit (loss) | 9901 | €66,715 | €64,306 | -€2,409 | -3.6% |
| Financial income | 75/76B | €0 | €21 | +€21 | +26675.0% |
| Recurring financial income | 75 | €0 | €21 | +€21 | +26675.0% |
| Financial charges | 65/66B | €13,165 | €13,024 | -€141 | -1.1% |
| Recurring financial charges | 65 | €13,165 | €13,024 | -€141 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €53,550 | €51,304 | -€2,246 | -4.2% |
| Income taxes | 67/77 | €10,875 | €11,792 | +€917 | +8.4% |
| Profit (loss) for the period | 9904 | €42,675 | €39,512 | -€3,164 | -7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €42,675 | €39,512 | -€3,164 | -7.4% |
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 10 October 2026 via checked.be.