LIGHTMOTIVE: 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.
LIGHTMOTIVE
Largest movements
- Stocks and contracts +€209,908
up €209,908 (+32.7%), from €642,395 to €852,303
- Receivables within one year -€148,495
down €148,495 (-31.7%), from €468,797 to €320,302
of which Trade receivables: -€146,702
- Receivables after one year -€85,899
no longer reported in 2025 (was €85,899)
- Tangible fixed assets -€17,875
down €17,875 (-31.4%), from €57,006 to €39,132
of which Furniture and vehicles: -€16,741
- Current portion of long-term debt -€158,212
down €158,212 (-100%), from €158,212 to €0
- Short-term financial debts +€152,766
new in 2025: €152,766
- Reserves -€80,000
down €80,000 (-50.0%), from €159,861 to €79,861
of which Distributable reserves: -€80,000
- Tax, wage and social debts +€66,058
up €66,058 (+83.6%), from €78,991 to €145,050
of which Taxes: +€51,782
- Trade debts -€42,257
down €42,257 (-4.6%), from €911,897 to €869,639
- Staff costs +€89,839
up €89,839 (+73.4%), from €122,429 to €212,268
- Financial income +€87,337
up €87,337 (+417%), from €20,961 to €108,297
- Financial charges +€57,271
up €57,271 (+281%), from €20,371 to €77,642
- Gross operating margin +€32,256
up €32,256 (+13.6%), from €237,379 to €269,635
- Taxes -€6,018
down €6,018 (-19.1%), from €31,525 to €25,507
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 | €1,381,328 | €1,316,917 | -€64,411 | -4.7% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €70,859 | €40,664 | -€30,195 | -42.6% |
| Tangible fixed assets | 22/27 | €57,006 | €39,132 | -€17,875 | -31.4% |
| Plant, machinery and equipment | 23 | €3,159 | €2,026 | -€1,134 | -35.9% |
| Furniture and vehicles | 24 | €53,847 | €37,106 | -€16,741 | -31.1% |
| Financial fixed assets | 28 | €13,852 | €1,532 | -€12,320 | -88.9% |
| Current assets | 29/58 | €1,310,469 | €1,276,253 | -€34,216 | -2.6% |
| Amounts receivable after more than one year | 29 | €85,899 | - | -€85,899 | |
| Other amounts receivable | 291 | €85,899 | - | -€85,899 | |
| Stocks and contracts in progress | 3 | €642,395 | €852,303 | +€209,908 | +32.7% |
| Stocks | 30/36 | €642,395 | €852,303 | +€209,908 | +32.7% |
| Amounts receivable within one year | 40/41 | €468,797 | €320,302 | -€148,495 | -31.7% |
| Trade receivables | 40 | €442,268 | €295,565 | -€146,702 | -33.2% |
| Other amounts receivable | 41 | €26,529 | €24,737 | -€1,793 | -6.8% |
| Cash at bank and in hand | 54/58 | €107,472 | €95,597 | -€11,875 | -11.0% |
| Deferred charges and accrued income | 490/1 | €5,906 | €8,052 | +€2,146 | +36.3% |
| Total equity and liabilities | 10/49 | €1,381,328 | €1,316,917 | -€64,411 | -4.7% |
| Equity | 10/15 | €229,462 | €149,462 | -€80,000 | -34.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €159,861 | €79,861 | -€80,000 | -50.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €156,861 | €76,861 | -€80,000 | -51.0% |
| Profit (loss) carried forward | 14 | €63,401 | €63,401 | = | 0.0% |
| Amounts payable | 17/49 | €1,151,866 | €1,167,455 | +€15,589 | +1.4% |
| Amounts payable after more than one year | 17 | €2,766 | €0 | -€2,766 | -100% |
| Financial debts | 170/4 | €2,766 | €0 | -€2,766 | -100% |
| Amounts payable within one year | 42/48 | €1,149,100 | €1,167,455 | +€18,355 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €158,212 | €0 | -€158,212 | -100% |
| Financial debts | 43 | - | €152,766 | +€152,766 | |
| Credit institutions | 430/8 | - | €152,766 | +€152,766 | |
| Trade debts | 44 | €911,897 | €869,639 | -€42,257 | -4.6% |
| Suppliers | 440/4 | €911,897 | €869,639 | -€42,257 | -4.6% |
| Taxes, remuneration and social security | 45 | €78,991 | €145,050 | +€66,058 | +83.6% |
| Taxes | 450/3 | €56,158 | €107,939 | +€51,782 | +92.2% |
| Remuneration and social security | 454/9 | €22,834 | €37,110 | +€14,277 | +62.5% |
| Remuneration, social security and pensions | 62 | €122,429 | €212,268 | +€89,839 | +73.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,525 | €24,433 | +€2,908 | +13.5% |
| Other operating charges | 640/8 | €5,629 | €5,728 | +€100 | +1.8% |
| Gross operating margin | 9900 | €237,379 | €269,635 | +€32,256 | +13.6% |
| Operating profit (loss) | 9901 | €87,796 | €27,206 | -€60,590 | -69.0% |
| Financial income | 75/76B | €20,961 | €108,297 | +€87,337 | +417% |
| Recurring financial income | 75 | €20,961 | €108,297 | +€87,337 | +417% |
| Financial charges | 65/66B | €20,371 | €77,642 | +€57,271 | +281% |
| Recurring financial charges | 65 | €20,371 | €77,642 | +€57,271 | +281% |
| Profit (loss) for the period before taxes | 9903 | €88,386 | €57,862 | -€30,524 | -34.5% |
| Income taxes | 67/77 | €31,525 | €25,507 | -€6,018 | -19.1% |
| Profit (loss) for the period | 9904 | €56,861 | €32,354 | -€24,507 | -43.1% |
| Profit (loss) for the period to be appropriated | 9905 | €56,861 | €32,354 | -€24,507 | -43.1% |
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 19 October 2026 via checked.be.