LIGHTS UP: 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.
LIGHTS UP
Largest movements
- Tangible fixed assets -€29,422
down €29,422 (-17.0%), from €173,460 to €144,037
of which Furniture and vehicles: -€22,423
- Cash +€28,499
up €28,499 (+317.5%), from €8,976 to €37,476
mainly Other debts (+€51,018) and Depreciation (+€45,309)
- Other debts +€51,018
up €51,018 (+5697.8%), from €895 to €51,914
- Profit (loss) carried forward -€40,347
no longer reported in 2025 (was €40,347)
- Debts after one year -€21,024
down €21,024 (-22.4%), from €93,909 to €72,886
of which Financial debts: -€17,024
- Tax, wage and social debts +€10,412
new in 2025: €10,412
- Accrued charges and deferred income -€2,119
down €2,119 (-97.7%), from €2,169 to €50
- Depreciation +€12,863
up €12,863 (+39.6%), from €32,445 to €45,309
- Gross operating margin +€9,123
up €9,123 (+9.7%), from €94,380 to €103,503
- Taxes -€3,553
down €3,553 (-22.1%), from €16,111 to €12,558
- Other operating charges -€2,907
down €2,907 (-62.5%), from €4,651 to €1,745
- Financial charges +€1,076
up €1,076 (+78.3%), from €1,374 to €2,450
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 | €195,321 | €195,091 | -€229 | -0.1% |
| Fixed assets | 21/28 | €173,595 | €144,172 | -€29,422 | -16.9% |
| Tangible fixed assets | 22/27 | €173,460 | €144,037 | -€29,422 | -17.0% |
| Plant, machinery and equipment | 23 | €66,290 | €59,291 | -€6,999 | -10.6% |
| Furniture and vehicles | 24 | €107,170 | €84,747 | -€22,423 | -20.9% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €21,726 | €50,919 | +€29,193 | +134.4% |
| Amounts receivable within one year | 40/41 | €11,152 | €9,953 | -€1,199 | -10.8% |
| Trade receivables | 40 | €7,573 | €7,511 | -€62 | -0.8% |
| Other amounts receivable | 41 | €3,579 | €2,442 | -€1,137 | -31.8% |
| Cash at bank and in hand | 54/58 | €8,976 | €37,476 | +€28,499 | +317.5% |
| Deferred charges and accrued income | 490/1 | €1,597 | €3,491 | +€1,893 | +118.5% |
| Total equity and liabilities | 10/49 | €195,321 | €195,091 | -€229 | -0.1% |
| Equity | 10/15 | €72,849 | €32,502 | -€40,347 | -55.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €12,502 | €12,502 | = | 0.0% |
| Distributable reserves | 133 | €12,502 | €12,502 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,347 | - | -€40,347 | |
| Amounts payable | 17/49 | €122,472 | €162,590 | +€40,118 | +32.8% |
| Amounts payable after more than one year | 17 | €93,909 | €72,886 | -€21,024 | -22.4% |
| Financial debts | 170/4 | €63,909 | €46,886 | -€17,024 | -26.6% |
| Other amounts payable | 178/9 | €30,000 | €26,000 | -€4,000 | -13.3% |
| Amounts payable within one year | 42/48 | €26,393 | €89,654 | +€63,261 | +239.7% |
| Current portion of amounts payable after more than one year | 42 | €16,491 | €17,024 | +€533 | +3.2% |
| Trade debts | 44 | €9,007 | €10,304 | +€1,297 | +14.4% |
| Suppliers | 440/4 | €9,007 | €10,304 | +€1,297 | +14.4% |
| Taxes, remuneration and social security | 45 | - | €10,412 | +€10,412 | |
| Taxes | 450/3 | - | €10,412 | +€10,412 | |
| Other amounts payable | 47/48 | €895 | €51,914 | +€51,018 | +5697.8% |
| Accrued charges and deferred income | 492/3 | €2,169 | €50 | -€2,119 | -97.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,445 | €45,309 | +€12,863 | +39.6% |
| Other operating charges | 640/8 | €4,651 | €1,745 | -€2,907 | -62.5% |
| Gross operating margin | 9900 | €94,380 | €103,503 | +€9,123 | +9.7% |
| Operating profit (loss) | 9901 | €57,284 | €56,450 | -€834 | -1.5% |
| Financial income | 75/76B | €550 | €347 | -€203 | -36.9% |
| Recurring financial income | 75 | €550 | €347 | -€203 | -36.9% |
| Financial charges | 65/66B | €1,374 | €2,450 | +€1,076 | +78.3% |
| Recurring financial charges | 65 | €1,374 | €2,450 | +€1,076 | +78.3% |
| Profit (loss) for the period before taxes | 9903 | €56,459 | €54,347 | -€2,112 | -3.7% |
| Income taxes | 67/77 | €16,111 | €12,558 | -€3,553 | -22.1% |
| Profit (loss) for the period | 9904 | €40,347 | €41,788 | +€1,441 | +3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €40,347 | €41,788 | +€1,441 | +3.6% |
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 1 October 2026 via checked.be.