Lightsourcing: 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.
Lightsourcing
Largest movements
- Receivables within one year -€109,435
down €109,435 (-99.7%), from €109,763 to €328
of which Trade receivables: -€109,435
- Receivables after one year -€43,599
down €43,599 (-74.4%), from €58,592 to €14,993
- Cash -€26,783
down €26,783 (-27.2%), from €98,544 to €71,762
mainly Net result for the year (-€111,038) and Contributions, distributions and other (-€78,355)
- Profit (loss) carried forward -€111,038
down €111,038, from €3,981 to -€107,057
- Reserves -€78,355
down €78,355 (-29.5%), from €266,011 to €187,656
of which Distributable reserves: -€78,355
- Other debts +€15,819
up €15,819 (+21639.9%), from €73 to €15,892
- Tax, wage and social debts -€11,940
down €11,940 (-54.2%), from €22,009 to €10,069
- Trade debts +€3,392
up €3,392 (+227.9%), from €1,488 to €4,880
- Gross operating margin -€111,308
down €111,308, from €5,787 to -€105,521
- Taxes -€4,583
down €4,583 (-96.9%), from €4,729 to €146
- Financial income -€2,032
down €2,032 (-80.7%), from €2,519 to €486
- Depreciation +€1,093
up €1,093 (+61.9%), from €1,766 to €2,859
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 | €312,562 | €130,540 | -€182,022 | -58.2% |
| Fixed assets | 21/28 | €9,425 | €8,502 | -€923 | -9.8% |
| Tangible fixed assets | 22/27 | €9,425 | €8,502 | -€923 | -9.8% |
| Plant, machinery and equipment | 23 | €2,781 | €2,054 | -€727 | -26.1% |
| Furniture and vehicles | 24 | €566 | €1,096 | +€531 | +93.8% |
| Other tangible fixed assets | 26 | €6,079 | €5,352 | -€727 | -12.0% |
| Current assets | 29/58 | €303,137 | €122,037 | -€181,099 | -59.7% |
| Amounts receivable after more than one year | 29 | €58,592 | €14,993 | -€43,599 | -74.4% |
| Other amounts receivable | 291 | €58,592 | €14,993 | -€43,599 | -74.4% |
| Amounts receivable within one year | 40/41 | €109,763 | €328 | -€109,435 | -99.7% |
| Trade receivables | 40 | €109,600 | €165 | -€109,435 | -99.8% |
| Other amounts receivable | 41 | €163 | €163 | = | 0.0% |
| Current investments | 50/53 | €34,152 | €34,447 | +€295 | +0.9% |
| Cash at bank and in hand | 54/58 | €98,544 | €71,762 | -€26,783 | -27.2% |
| Deferred charges and accrued income | 490/1 | €2,086 | €508 | -€1,577 | -75.6% |
| Total equity and liabilities | 10/49 | €312,562 | €130,540 | -€182,022 | -58.2% |
| Equity | 10/15 | €288,592 | €99,199 | -€189,393 | -65.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €266,011 | €187,656 | -€78,355 | -29.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €264,151 | €185,796 | -€78,355 | -29.7% |
| Profit (loss) carried forward | 14 | €3,981 | -€107,057 | -€111,038 | |
| Amounts payable | 17/49 | €23,970 | €31,341 | +€7,371 | +30.8% |
| Amounts payable within one year | 42/48 | €23,570 | €30,841 | +€7,271 | +30.8% |
| Trade debts | 44 | €1,488 | €4,880 | +€3,392 | +227.9% |
| Suppliers | 440/4 | €1,488 | €4,880 | +€3,392 | +227.9% |
| Taxes, remuneration and social security | 45 | €22,009 | €10,069 | -€11,940 | -54.2% |
| Taxes | 450/3 | €22,009 | €10,069 | -€11,940 | -54.2% |
| Other amounts payable | 47/48 | €73 | €15,892 | +€15,819 | +21639.9% |
| Accrued charges and deferred income | 492/3 | €400 | €500 | +€100 | +25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,766 | €2,859 | +€1,093 | +61.9% |
| Other operating charges | 640/8 | €431 | €1,096 | +€665 | +154.4% |
| Gross operating margin | 9900 | €5,787 | -€105,521 | -€111,308 | |
| Operating profit (loss) | 9901 | €3,589 | -€109,476 | -€113,066 | |
| Financial income | 75/76B | €2,519 | €486 | -€2,032 | -80.7% |
| Recurring financial income | 75 | €2,519 | €486 | -€2,032 | -80.7% |
| Financial charges | 65/66B | €1,033 | €1,902 | +€869 | +84.1% |
| Recurring financial charges | 65 | €1,033 | €1,902 | +€869 | +84.1% |
| Profit (loss) for the period before taxes | 9903 | €5,075 | -€110,892 | -€115,967 | |
| Income taxes | 67/77 | €4,729 | €146 | -€4,583 | -96.9% |
| Profit (loss) for the period | 9904 | €346 | -€111,038 | -€111,384 | |
| Profit (loss) for the period to be appropriated | 9905 | €346 | -€111,038 | -€111,384 |
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 8 October 2026 via checked.be.