LIGHTWAVE: 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.
LIGHTWAVE
Largest movements
- Cash +€475,424
up €475,424 (+84.6%), from €561,759 to €1.0m
mainly Net result for the year (+€442,403) and Other debts (+€418,556)
- Receivables within one year -€52,664
down €52,664 (-49.7%), from €105,994 to €53,330
of which Other amounts receivable: -€52,664
- Tangible fixed assets -€50,226
down €50,226 (-6.8%), from €740,545 to €690,318
of which Furniture and vehicles: -€33,257
- Other debts +€418,556
up €418,556 (+253%), from €165,277 to €583,833
- Debts after one year -€35,000
down €35,000 (-4.3%), from €821,875 to €786,875
- Gross operating margin +€385,919
up €385,919 (+121%), from €319,153 to €705,072
- Financial income -€250,000
down €250,000 (-100%), from €250,000 to €0
- Taxes +€96,156
up €96,156 (+212%), from €45,431 to €141,587
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,383,051 | €2,755,743 | +€372,692 | +15.6% |
| Fixed assets | 21/28 | €1,711,545 | €1,661,318 | -€50,226 | -2.9% |
| Tangible fixed assets | 22/27 | €740,545 | €690,318 | -€50,226 | -6.8% |
| Land and buildings | 22 | €669,899 | €652,929 | -€16,970 | -2.5% |
| Furniture and vehicles | 24 | €70,646 | €37,389 | -€33,257 | -47.1% |
| Financial fixed assets | 28 | €971,000 | €971,000 | = | 0.0% |
| Current assets | 29/58 | €671,506 | €1,094,425 | +€422,919 | +63.0% |
| Amounts receivable within one year | 40/41 | €105,994 | €53,330 | -€52,664 | -49.7% |
| Trade receivables | 40 | €51,425 | €51,425 | = | 0.0% |
| Other amounts receivable | 41 | €54,569 | €1,905 | -€52,664 | -96.5% |
| Cash at bank and in hand | 54/58 | €561,759 | €1,037,183 | +€475,424 | +84.6% |
| Deferred charges and accrued income | 490/1 | €3,753 | €3,912 | +€159 | +4.2% |
| Total equity and liabilities | 10/49 | €2,383,051 | €2,755,743 | +€372,692 | +15.6% |
| Equity | 10/15 | €1,262,598 | €1,239,000 | -€23,597 | -1.9% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €1,012,598 | €989,000 | -€23,597 | -2.3% |
| Distributable reserves | 133 | €1,012,598 | €989,000 | -€23,597 | -2.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,120,453 | €1,516,743 | +€396,289 | +35.4% |
| Amounts payable after more than one year | 17 | €821,875 | €786,875 | -€35,000 | -4.3% |
| Financial debts | 170/4 | €821,875 | €786,875 | -€35,000 | -4.3% |
| Amounts payable within one year | 42/48 | €237,609 | €667,193 | +€429,584 | +181% |
| Current portion of amounts payable after more than one year | 42 | €35,000 | €35,000 | = | 0.0% |
| Trade debts | 44 | €1,265 | €607 | -€658 | -52.0% |
| Suppliers | 440/4 | €1,265 | €607 | -€658 | -52.0% |
| Taxes, remuneration and social security | 45 | €36,067 | €47,753 | +€11,686 | +32.4% |
| Taxes | 450/3 | €28,967 | €40,653 | +€11,686 | +40.3% |
| Remuneration and social security | 454/9 | €7,100 | €7,100 | = | 0.0% |
| Other amounts payable | 47/48 | €165,277 | €583,833 | +€418,556 | +253% |
| Accrued charges and deferred income | 492/3 | €60,969 | €62,675 | +€1,705 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,347 | €50,226 | -€121 | -0.2% |
| Other operating charges | 640/8 | €4,209 | €4,333 | +€124 | +3.0% |
| Gross operating margin | 9900 | €319,153 | €705,072 | +€385,919 | +121% |
| Operating profit (loss) | 9901 | €264,597 | €650,513 | +€385,915 | +146% |
| Financial income | 75/76B | €250,000 | €0 | -€250,000 | -100% |
| Recurring financial income | 75 | €250,000 | €0 | -€250,000 | -100% |
| Financial charges | 65/66B | €65,395 | €66,523 | +€1,128 | +1.7% |
| Recurring financial charges | 65 | €65,395 | €66,523 | +€1,128 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €449,202 | €583,990 | +€134,787 | +30.0% |
| Income taxes | 67/77 | €45,431 | €141,587 | +€96,156 | +212% |
| Profit (loss) for the period | 9904 | €403,772 | €442,403 | +€38,631 | +9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €403,772 | €442,403 | +€38,631 | +9.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.