LightSail: 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.
LightSail
Largest movements
- Cash -€41,466
down €41,466 (-70.5%), from €58,791 to €17,325
mainly Contributions, distributions and other (-€183,000) and Receivables within one year (-€36,483)
- Receivables within one year +€36,483
up €36,483 (+61.7%), from €59,160 to €95,643
of which Other amounts receivable: +€62,893
- Current investments +€35,995
up €35,995 (+50.1%), from €71,888 to €107,883
- Deferred charges and accrued income +€4,170
up €4,170 (+446%), from €934 to €5,105
- Other debts +€183,000
up €183,000 (+924%), from €19,800 to €202,800
- Reserves -€114,786
down €114,786 (-99.4%), from €115,474 to €688
- Trade debts -€30,193
down €30,193 (-93.6%), from €32,249 to €2,056
- Short-term financial debts -€8,825
no longer reported in 2025 (was €8,825)
- Tax, wage and social debts +€6,686
up €6,686 (+123%), from €5,428 to €12,114
of which Taxes: +€3,686
- Financial charges -€12,125
down €12,125 (-85.8%), from €14,139 to €2,014
of which Non-recurring financial charges: -€10,720
- Gross operating margin +€3,706
up €3,706 (+4.7%), from €79,370 to €83,077
- Taxes +€911
up €911 (+5.3%), from €17,076 to €17,987
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 | €191,777 | €227,658 | +€35,882 | +18.7% |
| Fixed assets | 21/28 | €1,003 | €1,703 | +€700 | +69.7% |
| Tangible fixed assets | 22/27 | €1,003 | €1,703 | +€700 | +69.7% |
| Furniture and vehicles | 24 | €1,003 | €1,703 | +€700 | +69.7% |
| Current assets | 29/58 | €190,773 | €225,955 | +€35,182 | +18.4% |
| Amounts receivable within one year | 40/41 | €59,160 | €95,643 | +€36,483 | +61.7% |
| Trade receivables | 40 | €44,616 | €18,207 | -€26,410 | -59.2% |
| Other amounts receivable | 41 | €14,543 | €77,436 | +€62,893 | +432% |
| Current investments | 50/53 | €71,888 | €107,883 | +€35,995 | +50.1% |
| Cash at bank and in hand | 54/58 | €58,791 | €17,325 | -€41,466 | -70.5% |
| Deferred charges and accrued income | 490/1 | €934 | €5,105 | +€4,170 | +446% |
| Total equity and liabilities | 10/49 | €191,777 | €227,658 | +€35,882 | +18.7% |
| Equity | 10/15 | €125,474 | €10,688 | -€114,786 | -91.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €115,474 | €688 | -€114,786 | -99.4% |
| Distributable reserves | 133 | €115,474 | €688 | -€114,786 | -99.4% |
| Amounts payable | 17/49 | €66,303 | €216,971 | +€150,668 | +227% |
| Amounts payable within one year | 42/48 | €66,303 | €216,971 | +€150,668 | +227% |
| Financial debts | 43 | €8,825 | - | -€8,825 | |
| Other loans | 439 | €8,825 | - | -€8,825 | |
| Trade debts | 44 | €32,249 | €2,056 | -€30,193 | -93.6% |
| Suppliers | 440/4 | €32,249 | €2,056 | -€30,193 | -93.6% |
| Taxes, remuneration and social security | 45 | €5,428 | €12,114 | +€6,686 | +123% |
| Taxes | 450/3 | €5,428 | €9,114 | +€3,686 | +67.9% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Other amounts payable | 47/48 | €19,800 | €202,800 | +€183,000 | +924% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €127 | €448 | +€321 | +254% |
| Other operating charges | 640/8 | €978 | €1,404 | +€426 | +43.6% |
| Gross operating margin | 9900 | €79,370 | €83,077 | +€3,706 | +4.7% |
| Operating profit (loss) | 9901 | €78,266 | €81,225 | +€2,959 | +3.8% |
| Financial income | 75/76B | €7,439 | €6,990 | -€449 | -6.0% |
| Recurring financial income | 75 | €7,439 | €6,990 | -€449 | -6.0% |
| Financial charges | 65/66B | €14,139 | €2,014 | -€12,125 | -85.8% |
| Recurring financial charges | 65 | €3,419 | €2,014 | -€1,405 | -41.1% |
| Non-recurring financial charges | 66B | €10,720 | - | -€10,720 | |
| Profit (loss) for the period before taxes | 9903 | €71,566 | €86,201 | +€14,635 | +20.4% |
| Income taxes | 67/77 | €17,076 | €17,987 | +€911 | +5.3% |
| Profit (loss) for the period | 9904 | €54,489 | €68,214 | +€13,724 | +25.2% |
| Profit (loss) for the period to be appropriated | 9905 | €54,489 | €68,214 | +€13,724 | +25.2% |
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 14 October 2026 via checked.be.