LIGHTING VARILONE: 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.
LIGHTING VARILONE
Largest movements
- Receivables within one year -€26,623
down €26,623 (-30.9%), from €86,143 to €59,520
of which Trade receivables: -€30,666
- Cash +€12,948
up €12,948 (+12.7%), from €102,335 to €115,283
mainly Receivables within one year (+€26,623) and Depreciation (+€11,311)
- Tangible fixed assets -€10,108
down €10,108 (-75.0%), from €13,472 to €3,364
of which Furniture and vehicles: -€9,638
- Profit (loss) carried forward -€18,818
new in 2025: -€18,818
- Current portion of long-term debt -€7,060
down €7,060 (-83.2%), from €8,487 to €1,427
- Trade debts +€4,621
up €4,621 (+69.7%), from €6,632 to €11,252
- Debts after one year -€2,237
down €2,237 (-9.0%), from €24,865 to €22,628
of which Financial debts: -€1,427
- Other debts -€2,119
no longer reported in 2025 (was €2,119)
- Gross operating margin -€56,826
down €56,826, from €51,964 to -€4,861
- Taxes -€8,357
no longer reported in 2025 (was €8,357)
- Financial charges -€2,091
down €2,091 (-65.7%), from €3,183 to €1,092
- Other operating charges -€1,044
down €1,044 (-57.1%), from €1,828 to €784
- Write-downs -€860
no longer reported in 2025 (was €860)
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €210,783 | €186,166 | -€24,617 | -11.7% |
| Fixed assets | 21/28 | €14,972 | €4,864 | -€10,108 | -67.5% |
| Tangible fixed assets | 22/27 | €13,472 | €3,364 | -€10,108 | -75.0% |
| Plant, machinery and equipment | 23 | €2,328 | €1,858 | -€470 | -20.2% |
| Furniture and vehicles | 24 | €11,144 | €1,506 | -€9,638 | -86.5% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €195,810 | €181,302 | -€14,509 | -7.4% |
| Stocks and contracts in progress | 3 | €6,767 | €5,994 | -€774 | -11.4% |
| Stocks | 30/36 | €6,767 | €5,994 | -€774 | -11.4% |
| Amounts receivable within one year | 40/41 | €86,143 | €59,520 | -€26,623 | -30.9% |
| Trade receivables | 40 | €81,008 | €50,342 | -€30,666 | -37.9% |
| Other amounts receivable | 41 | €5,135 | €9,178 | +€4,043 | +78.7% |
| Cash at bank and in hand | 54/58 | €102,335 | €115,283 | +€12,948 | +12.7% |
| Deferred charges and accrued income | 490/1 | €565 | €505 | -€60 | -10.7% |
| Total equity and liabilities | 10/49 | €210,783 | €186,166 | -€24,617 | -11.7% |
| Equity | 10/15 | €143,703 | €124,885 | -€18,818 | -13.1% |
| Contributions | 10/11 | €9,296 | €9,296 | = | 0.0% |
| Reserves | 13 | €134,407 | €134,407 | = | 0.0% |
| Distributable reserves | 133 | €134,407 | €134,407 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€18,818 | -€18,818 | |
| Provisions and deferred taxes | 16 | €18,911 | €18,911 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €18,911 | €18,911 | = | 0.0% |
| Pensions and similar obligations | 160 | €18,911 | €18,911 | = | 0.0% |
| Amounts payable | 17/49 | €48,169 | €42,370 | -€5,798 | -12.0% |
| Amounts payable after more than one year | 17 | €24,865 | €22,628 | -€2,237 | -9.0% |
| Financial debts | 170/4 | €1,427 | - | -€1,427 | |
| Other amounts payable | 178/9 | €23,438 | €22,628 | -€810 | -3.5% |
| Amounts payable within one year | 42/48 | €23,304 | €19,742 | -€3,562 | -15.3% |
| Current portion of amounts payable after more than one year | 42 | €8,487 | €1,427 | -€7,060 | -83.2% |
| Trade debts | 44 | €6,632 | €11,252 | +€4,621 | +69.7% |
| Suppliers | 440/4 | €6,632 | €11,252 | +€4,621 | +69.7% |
| Taxes, remuneration and social security | 45 | €6,066 | €7,063 | +€997 | +16.4% |
| Taxes | 450/3 | €6,066 | €7,063 | +€997 | +16.4% |
| Other amounts payable | 47/48 | €2,119 | - | -€2,119 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,348 | €11,311 | -€37 | -0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €860 | - | -€860 | |
| Other operating charges | 640/8 | €1,828 | €784 | -€1,044 | -57.1% |
| Non-recurring operating charges | 66A | - | €769 | +€769 | |
| Gross operating margin | 9900 | €51,964 | -€4,861 | -€56,826 | |
| Operating profit (loss) | 9901 | €37,928 | -€17,726 | -€55,654 | |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €3,183 | €1,092 | -€2,091 | -65.7% |
| Recurring financial charges | 65 | €3,183 | €1,092 | -€2,091 | -65.7% |
| Profit (loss) for the period before taxes | 9903 | €34,747 | -€18,818 | -€53,565 | |
| Income taxes | 67/77 | €8,357 | - | -€8,357 | |
| Profit (loss) for the period | 9904 | €26,390 | -€18,818 | -€45,208 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,390 | -€18,818 | -€45,208 |
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 25 October 2026 via checked.be.