Lighthouse Lab: 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 Lab
Largest movements
- Tangible fixed assets +€65,726
up €65,726 (+605.8%), from €10,849 to €76,576
of which Land and buildings: +€66,228
- Cash +€17,613
up €17,613 (+151.0%), from €11,666 to €29,279
mainly Debts after one year (+€52,380) and Net result for the year (+€15,111)
- Stocks and contracts -€3,098
no longer reported in 2025 (was €3,098)
- Receivables within one year -€2,943
down €2,943 (-18.6%), from €15,859 to €12,917
- Intangible fixed assets -€1,708
down €1,708 (-24.5%), from €6,979 to €5,270
- Debts after one year +€52,380
new in 2025: €52,380
- Profit (loss) carried forward +€15,111
up €15,111 (+73.0%), from €20,713 to €35,824
- Tax, wage and social debts +€8,267
up €8,267 (+218.2%), from €3,789 to €12,056
- Current portion of long-term debt +€4,883
new in 2025: €4,883
- Other debts -€4,845
down €4,845 (-28.7%), from €16,891 to €12,046
- Gross operating margin +€5,482
up €5,482 (+16.8%), from €32,600 to €38,082
- Other operating charges +€3,647
up €3,647 (+454.6%), from €802 to €4,449
- Taxes +€3,232
up €3,232 (+114.9%), from €2,813 to €6,046
- Financial charges +€2,391
up €2,391 (+2404.6%), from €99 to €2,490
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 | €49,076 | €125,056 | +€75,979 | +154.8% |
| Fixed assets | 21/28 | €18,454 | €82,472 | +€64,018 | +346.9% |
| Intangible fixed assets | 21 | €6,979 | €5,270 | -€1,708 | -24.5% |
| Tangible fixed assets | 22/27 | €10,849 | €76,576 | +€65,726 | +605.8% |
| Land and buildings | 22 | - | €66,228 | +€66,228 | |
| Plant, machinery and equipment | 23 | - | €4,084 | +€4,084 | |
| Furniture and vehicles | 24 | €10,849 | €6,264 | -€4,586 | -42.3% |
| Financial fixed assets | 28 | €626 | €626 | = | 0.0% |
| Current assets | 29/58 | €30,623 | €42,584 | +€11,961 | +39.1% |
| Stocks and contracts in progress | 3 | €3,098 | - | -€3,098 | |
| Stocks | 30/36 | €3,098 | - | -€3,098 | |
| Amounts receivable within one year | 40/41 | €15,859 | €12,917 | -€2,943 | -18.6% |
| Trade receivables | 40 | €15,859 | €12,917 | -€2,943 | -18.6% |
| Cash at bank and in hand | 54/58 | €11,666 | €29,279 | +€17,613 | +151.0% |
| Deferred charges and accrued income | 490/1 | - | €388 | +€388 | |
| Total equity and liabilities | 10/49 | €49,076 | €125,056 | +€75,979 | +154.8% |
| Equity | 10/15 | €22,713 | €37,824 | +€15,111 | +66.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,713 | €35,824 | +€15,111 | +73.0% |
| Amounts payable | 17/49 | €26,363 | €87,231 | +€60,868 | +230.9% |
| Amounts payable after more than one year | 17 | - | €52,380 | +€52,380 | |
| Financial debts | 170/4 | - | €52,380 | +€52,380 | |
| Amounts payable within one year | 42/48 | €26,363 | €34,852 | +€8,489 | +32.2% |
| Current portion of amounts payable after more than one year | 42 | - | €4,883 | +€4,883 | |
| Trade debts | 44 | €5,683 | €5,867 | +€184 | +3.2% |
| Suppliers | 440/4 | €5,683 | €5,867 | +€184 | +3.2% |
| Taxes, remuneration and social security | 45 | €3,789 | €12,056 | +€8,267 | +218.2% |
| Taxes | 450/3 | €3,789 | €12,056 | +€8,267 | +218.2% |
| Other amounts payable | 47/48 | €16,891 | €12,046 | -€4,845 | -28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,852 | €10,112 | +€260 | +2.6% |
| Other operating charges | 640/8 | €802 | €4,449 | +€3,647 | +454.6% |
| Gross operating margin | 9900 | €32,600 | €38,082 | +€5,482 | +16.8% |
| Operating profit (loss) | 9901 | €21,946 | €23,521 | +€1,575 | +7.2% |
| Financial income | 75/76B | €1 | €126 | +€125 | +12389.1% |
| Recurring financial income | 75 | €1 | €126 | +€125 | +12389.1% |
| Financial charges | 65/66B | €99 | €2,490 | +€2,391 | +2404.6% |
| Recurring financial charges | 65 | €99 | €2,490 | +€2,391 | +2404.6% |
| Profit (loss) for the period before taxes | 9903 | €21,848 | €21,157 | -€691 | -3.2% |
| Income taxes | 67/77 | €2,813 | €6,046 | +€3,232 | +114.9% |
| Profit (loss) for the period | 9904 | €19,034 | €15,111 | -€3,923 | -20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,034 | €15,111 | -€3,923 | -20.6% |
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 11 October 2026 via checked.be.