LIGHTHOUSE MANAGEMENT: 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 MANAGEMENT
Largest movements
- Receivables within one year -€42,829
down €42,829 (-17.1%), from €249,904 to €207,075
of which Trade receivables: -€40,046
- Cash +€5,824
up €5,824 (+574.3%), from €1,014 to €6,839
mainly Net result for the year (+€45,097) and Receivables within one year (+€42,829)
- Tangible fixed assets +€4,610
up €4,610 (+16.3%), from €28,246 to €32,856
of which Plant, machinery and equipment: +€15,734
- Other debts -€59,252
down €59,252 (-76.2%), from €77,752 to €18,500
- Profit (loss) carried forward +€45,097
up €45,097 (+28.8%), from €156,364 to €201,461
- Tax, wage and social debts -€20,928
down €20,928 (-90.7%), from €23,084 to €2,156
of which Taxes: -€22,378
- Gross operating margin +€33,141
up €33,141 (+65.9%), from €50,253 to €83,394
- Taxes +€7,556
up €7,556 (+69.0%), from €10,944 to €18,500
- Financial charges -€2,867
down €2,867 (-95.2%), from €3,011 to €145
- Depreciation +€1,320
up €1,320 (+8.8%), from €15,062 to €16,383
- Other operating charges +€893
up €893 (+76.5%), from €1,169 to €2,062
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 | €282,022 | €249,712 | -€32,310 | -11.5% |
| Fixed assets | 21/28 | €28,246 | €32,856 | +€4,610 | +16.3% |
| Tangible fixed assets | 22/27 | €28,246 | €32,856 | +€4,610 | +16.3% |
| Plant, machinery and equipment | 23 | €5,831 | €21,565 | +€15,734 | +269.8% |
| Furniture and vehicles | 24 | €21,633 | €10,769 | -€10,863 | -50.2% |
| Other tangible fixed assets | 26 | €782 | €522 | -€261 | -33.3% |
| Current assets | 29/58 | €253,776 | €216,856 | -€36,920 | -14.5% |
| Amounts receivable within one year | 40/41 | €249,904 | €207,075 | -€42,829 | -17.1% |
| Trade receivables | 40 | €228,414 | €188,368 | -€40,046 | -17.5% |
| Other amounts receivable | 41 | €21,489 | €18,707 | -€2,783 | -12.9% |
| Cash at bank and in hand | 54/58 | €1,014 | €6,839 | +€5,824 | +574.3% |
| Deferred charges and accrued income | 490/1 | €2,858 | €2,943 | +€85 | +3.0% |
| Total equity and liabilities | 10/49 | €282,022 | €249,712 | -€32,310 | -11.5% |
| Equity | 10/15 | €162,564 | €207,661 | +€45,097 | +27.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €156,364 | €201,461 | +€45,097 | +28.8% |
| Amounts payable | 17/49 | €119,458 | €42,051 | -€77,407 | -64.8% |
| Amounts payable within one year | 42/48 | €119,458 | €42,033 | -€77,425 | -64.8% |
| Trade debts | 44 | €18,622 | €21,378 | +€2,755 | +14.8% |
| Suppliers | 440/4 | €18,622 | €21,378 | +€2,755 | +14.8% |
| Taxes, remuneration and social security | 45 | €23,084 | €2,156 | -€20,928 | -90.7% |
| Taxes | 450/3 | €23,084 | €706 | -€22,378 | -96.9% |
| Remuneration and social security | 454/9 | - | €1,450 | +€1,450 | |
| Other amounts payable | 47/48 | €77,752 | €18,500 | -€59,252 | -76.2% |
| Accrued charges and deferred income | 492/3 | €0 | €18 | +€18 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,062 | €16,383 | +€1,320 | +8.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,169 | €2,062 | +€893 | +76.5% |
| Non-recurring operating charges | 66A | - | €1,256 | +€1,256 | |
| Gross operating margin | 9900 | €50,253 | €83,394 | +€33,141 | +65.9% |
| Operating profit (loss) | 9901 | €34,022 | €63,693 | +€29,671 | +87.2% |
| Financial income | 75/76B | €119 | €49 | -€70 | -58.7% |
| Recurring financial income | 75 | €119 | €3 | -€116 | -97.7% |
| Non-recurring financial income | 76B | - | €46 | +€46 | |
| Financial charges | 65/66B | €3,011 | €145 | -€2,867 | -95.2% |
| Recurring financial charges | 65 | €3,011 | €145 | -€2,867 | -95.2% |
| Profit (loss) for the period before taxes | 9903 | €31,129 | €63,598 | +€32,468 | +104.3% |
| Income taxes | 67/77 | €10,944 | €18,500 | +€7,556 | +69.0% |
| Profit (loss) for the period | 9904 | €20,185 | €45,097 | +€24,912 | +123.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,185 | €45,097 | +€24,912 | +123.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.