LIGHTPOINT: 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.
LIGHTPOINT
Largest movements
- Tangible fixed assets -€244,500
down €244,500 (-9.6%), from €2.5m to €2.3m
of which Land and buildings: -€224,968
- Receivables within one year +€128,271
up €128,271 (+11.8%), from €1.1m to €1.2m
of which Trade receivables: +€140,132
- Cash -€70,922
down €70,922 (-31.0%), from €228,954 to €158,032
mainly Debts after one year (-€511,475) and Investment in fixed assets (net) (-€216,846)
- Stocks and contracts -€50,188
down €50,188 (-5.1%), from €991,453 to €941,265
- Debts after one year -€511,475
down €511,475 (-28.5%), from €1.8m to €1.3m
of which Financial debts: -€261,475
- Reserves +€278,341
up €278,341 (+27.9%), from €999,147 to €1.3m
of which Distributable reserves: +€278,341
- Trade debts -€97,495
down €97,495 (-9.1%), from €1.1m to €978,828
- Advances received +€84,422
up €84,422 (+129.2%), from €65,318 to €149,741
- Staff costs +€155,211
up €155,211 (+11.4%), from €1.4m to €1.5m
- Gross operating margin +€151,273
up €151,273 (+6.9%), from €2.2m to €2.4m
- Financial income +€76,498
up €76,498 (+168.6%), from €45,360 to €121,859
- Depreciation +€30,459
up €30,459 (+7.1%), from €431,216 to €461,675
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 | €4,900,832 | €4,664,915 | -€235,917 | -4.8% |
| Fixed assets | 21/28 | €2,578,066 | €2,333,238 | -€244,829 | -9.5% |
| Intangible fixed assets | 21 | €22,946 | €22,617 | -€329 | -1.4% |
| Tangible fixed assets | 22/27 | €2,539,950 | €2,295,450 | -€244,500 | -9.6% |
| Land and buildings | 22 | €2,064,627 | €1,839,659 | -€224,968 | -10.9% |
| Plant, machinery and equipment | 23 | €140,863 | €115,336 | -€25,527 | -18.1% |
| Furniture and vehicles | 24 | €334,460 | €340,456 | +€5,995 | +1.8% |
| Financial fixed assets | 28 | €15,170 | €15,170 | = | 0.0% |
| Current assets | 29/58 | €2,322,765 | €2,331,677 | +€8,912 | +0.4% |
| Stocks and contracts in progress | 3 | €991,453 | €941,265 | -€50,188 | -5.1% |
| Stocks | 30/36 | €991,453 | €941,265 | -€50,188 | -5.1% |
| Amounts receivable within one year | 40/41 | €1,083,748 | €1,212,019 | +€128,271 | +11.8% |
| Trade receivables | 40 | €1,057,531 | €1,197,663 | +€140,132 | +13.3% |
| Other amounts receivable | 41 | €26,217 | €14,356 | -€11,861 | -45.2% |
| Cash at bank and in hand | 54/58 | €228,954 | €158,032 | -€70,922 | -31.0% |
| Deferred charges and accrued income | 490/1 | €18,610 | €20,361 | +€1,752 | +9.4% |
| Total equity and liabilities | 10/49 | €4,900,832 | €4,664,915 | -€235,917 | -4.8% |
| Equity | 10/15 | €1,150,362 | €1,428,702 | +€278,341 | +24.2% |
| Contributions | 10/11 | €151,215 | €151,215 | = | 0.0% |
| Capital | 10 | €151,215 | €151,215 | = | 0.0% |
| Issued capital | 100 | €151,215 | €151,215 | = | 0.0% |
| Reserves | 13 | €999,147 | €1,277,487 | +€278,341 | +27.9% |
| Non-distributable reserves | 130/1 | €15,122 | €15,122 | = | 0.0% |
| Legal reserve | 130 | €15,122 | €15,122 | = | 0.0% |
| Distributable reserves | 133 | €984,025 | €1,262,366 | +€278,341 | +28.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €3,750,470 | €3,236,212 | -€514,258 | -13.7% |
| Amounts payable after more than one year | 17 | €1,795,517 | €1,284,042 | -€511,475 | -28.5% |
| Financial debts | 170/4 | €1,095,517 | €834,042 | -€261,475 | -23.9% |
| Other amounts payable | 178/9 | €700,000 | €450,000 | -€250,000 | -35.7% |
| Amounts payable within one year | 42/48 | €1,946,835 | €1,944,178 | -€2,656 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €403,865 | €439,119 | +€35,254 | +8.7% |
| Financial debts | 43 | €33,333 | €33,333 | = | 0.0% |
| Credit institutions | 430/8 | €33,333 | €33,333 | = | 0.0% |
| Trade debts | 44 | €1,076,323 | €978,828 | -€97,495 | -9.1% |
| Suppliers | 440/4 | €1,076,323 | €978,828 | -€97,495 | -9.1% |
| Advances received on contracts in progress | 46 | €65,318 | €149,741 | +€84,422 | +129.2% |
| Taxes, remuneration and social security | 45 | €338,413 | €337,042 | -€1,372 | -0.4% |
| Taxes | 450/3 | €149,423 | €157,022 | +€7,599 | +5.1% |
| Remuneration and social security | 454/9 | €188,991 | €180,020 | -€8,970 | -4.7% |
| Other amounts payable | 47/48 | €29,582 | €6,116 | -€23,466 | -79.3% |
| Accrued charges and deferred income | 492/3 | €8,119 | €7,992 | -€126 | -1.6% |
| Non-recurring operating income | 76A | €3,719 | €9,917 | +€6,198 | +166.7% |
| Remuneration, social security and pensions | 62 | €1,357,681 | €1,512,892 | +€155,211 | +11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €431,216 | €461,675 | +€30,459 | +7.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,148 | -€4,614 | -€6,762 | |
| Other operating charges | 640/8 | €49,742 | €34,572 | -€15,170 | -30.5% |
| Non-recurring operating charges | 66A | €301 | €0 | -€301 | -100.0% |
| Gross operating margin | 9900 | €2,205,107 | €2,356,380 | +€151,273 | +6.9% |
| Operating profit (loss) | 9901 | €364,019 | €351,855 | -€12,164 | -3.3% |
| Financial income | 75/76B | €45,360 | €121,859 | +€76,498 | +168.6% |
| Recurring financial income | 75 | €45,360 | €121,859 | +€76,498 | +168.6% |
| Financial charges | 65/66B | €88,279 | €85,551 | -€2,728 | -3.1% |
| Recurring financial charges | 65 | €88,279 | €85,551 | -€2,728 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €321,100 | €388,163 | +€67,063 | +20.9% |
| Income taxes | 67/77 | €87,319 | €109,822 | +€22,503 | +25.8% |
| Profit (loss) for the period | 9904 | €233,781 | €278,341 | +€44,559 | +19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €233,781 | €278,341 | +€44,559 | +19.1% |
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 7 October 2026 via checked.be.