LIGHTYEAR: what changed
LIGHTYEAR
Largest movements
- Tangible fixed assets -€13,457
down €13,457 (-29.1%), from €46,256 to €32,798
of which Furniture and vehicles: -€9,520
- Cash +€9,181
up €9,181 (+365%), from €2,514 to €11,695
mainly Depreciation (+€13,457) and Other debts (+€4,044)
- Receivables within one year -€2,397
down €2,397 (-36.8%), from €6,519 to €4,122
- Debts after one year -€9,484
down €9,484 (-30.7%), from €30,881 to €21,397
- Short-term financial debts -€5,628
down €5,628 (-100%), from €5,628 to €0
- Other debts +€4,044
up €4,044 (+23.1%), from €17,528 to €21,572
- Trade debts +€2,503
up €2,503 (+70.4%), from €3,553 to €6,056
- Profit (loss) carried forward +€2,357
up €2,357 (+6.5%), from -€36,086 to -€33,729
- Gross operating margin +€15,936
up €15,936 (+309%), from €5,151 to €21,087
- Depreciation -€886
down €886 (-6.2%), from €14,344 to €13,457
- Other operating charges +€701
up €701 (+37.3%), from €1,881 to €2,582
- Financial charges -€529
down €529 (-16.7%), from €3,165 to €2,637
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €55,345 | €48,673 | -€6,672 | -12.1% |
| Fixed assets | 21/28 | €46,256 | €32,798 | -€13,457 | -29.1% |
| Tangible fixed assets | 22/27 | €46,256 | €32,798 | -€13,457 | -29.1% |
| Furniture and vehicles | 24 | €23,842 | €14,322 | -€9,520 | -39.9% |
| Other tangible fixed assets | 26 | €22,413 | €18,476 | -€3,938 | -17.6% |
| Current assets | 29/58 | €9,090 | €15,875 | +€6,785 | +74.6% |
| Amounts receivable within one year | 40/41 | €6,519 | €4,122 | -€2,397 | -36.8% |
| Trade receivables | 40 | €6,519 | €4,122 | -€2,397 | -36.8% |
| Cash at bank and in hand | 54/58 | €2,514 | €11,695 | +€9,181 | +365% |
| Deferred charges and accrued income | 490/1 | €56 | €58 | +€2 | +3.2% |
| Total equity and liabilities | 10/49 | €55,345 | €48,673 | -€6,672 | -12.1% |
| Equity | 10/15 | -€17,686 | -€15,329 | +€2,357 | +13.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,086 | -€33,729 | +€2,357 | +6.5% |
| Amounts payable | 17/49 | €73,031 | €64,002 | -€9,029 | -12.4% |
| Amounts payable after more than one year | 17 | €30,881 | €21,397 | -€9,484 | -30.7% |
| Financial debts | 170/4 | €30,881 | €21,397 | -€9,484 | -30.7% |
| Amounts payable within one year | 42/48 | €41,763 | €42,135 | +€372 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €10,221 | €9,484 | -€737 | -7.2% |
| Financial debts | 43 | €5,628 | €0 | -€5,628 | -100% |
| Credit institutions | 430/8 | €5,628 | €0 | -€5,628 | -100% |
| Trade debts | 44 | €3,553 | €6,056 | +€2,503 | +70.4% |
| Suppliers | 440/4 | €3,553 | €6,056 | +€2,503 | +70.4% |
| Advances received on contracts in progress | 46 | €1,887 | €1,210 | -€678 | -35.9% |
| Taxes, remuneration and social security | 45 | €2,945 | €3,813 | +€867 | +29.5% |
| Taxes | 450/3 | €2,945 | €2,813 | -€133 | -4.5% |
| Remuneration and social security | 454/9 | - | €1,000 | +€1,000 | |
| Other amounts payable | 47/48 | €17,528 | €21,572 | +€4,044 | +23.1% |
| Accrued charges and deferred income | 492/3 | €387 | €470 | +€83 | +21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,344 | €13,457 | -€886 | -6.2% |
| Other operating charges | 640/8 | €1,881 | €2,582 | +€701 | +37.3% |
| Gross operating margin | 9900 | €5,151 | €21,087 | +€15,936 | +309% |
| Operating profit (loss) | 9901 | -€11,074 | €5,047 | +€16,122 | |
| Financial income | 75/76B | €26 | €87 | +€61 | +235% |
| Recurring financial income | 75 | €26 | €87 | +€61 | +235% |
| Financial charges | 65/66B | €3,165 | €2,637 | -€529 | -16.7% |
| Recurring financial charges | 65 | €3,165 | €2,637 | -€529 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | -€14,214 | €2,498 | +€16,711 | |
| Income taxes | 67/77 | €140 | €141 | +€1 | +0.6% |
| Profit (loss) for the period | 9904 | -€14,354 | €2,357 | +€16,710 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,354 | €2,357 | +€16,710 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.