live light: 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.
live light
Largest movements
- Tangible fixed assets -€350,303
down €350,303 (-20.0%), from €1.7m to €1.4m
of which Furniture and vehicles: -€347,265
- Stocks and contracts -€141,720
down €141,720 (-30.4%), from €465,619 to €323,899
- Cash -€76,378
down €76,378 (-57.7%), from €132,449 to €56,071
mainly Debts after one year (-€625,000) and Investment in fixed assets (net) (-€422,197)
- Intangible fixed assets -€46,365
down €46,365 (-73.9%), from €62,709 to €16,343
- Debts after one year -€625,000
down €625,000 (-21.0%), from €3.0m to €2.4m
- Profit (loss) carried forward +€210,071
up €210,071 (+16.7%), from -€1.3m to -€1.0m
- Trade debts -€72,981
down €72,981 (-30.0%), from €243,286 to €170,304
- Other debts -€52,797
down €52,797 (-30.3%), from €173,990 to €121,194
- Tax, wage and social debts -€34,530
down €34,530 (-35.6%), from €97,106 to €62,576
of which Remuneration and social security: -€33,733
- Gross operating margin +€268,005
up €268,005 (+18.0%), from €1.5m to €1.8m
- Depreciation -€121,437
down €121,437 (-12.8%), from €945,696 to €824,259
- Staff costs -€62,868
down €62,868 (-11.7%), from €536,347 to €473,479
- Financial charges -€56,699
down €56,699 (-30.8%), from €184,295 to €127,596
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 | €2,548,738 | €1,931,978 | -€616,761 | -24.2% |
| Fixed assets | 21/28 | €1,833,368 | €1,431,306 | -€402,062 | -21.9% |
| Intangible fixed assets | 21 | €62,709 | €16,343 | -€46,365 | -73.9% |
| Tangible fixed assets | 22/27 | €1,749,073 | €1,398,770 | -€350,303 | -20.0% |
| Plant, machinery and equipment | 23 | €12,311 | €9,273 | -€3,038 | -24.7% |
| Furniture and vehicles | 24 | €1,736,762 | €1,389,497 | -€347,265 | -20.0% |
| Financial fixed assets | 28 | €21,587 | €16,193 | -€5,394 | -25.0% |
| Current assets | 29/58 | €715,370 | €500,672 | -€214,699 | -30.0% |
| Stocks and contracts in progress | 3 | €465,619 | €323,899 | -€141,720 | -30.4% |
| Stocks | 30/36 | €465,619 | €323,899 | -€141,720 | -30.4% |
| Amounts receivable within one year | 40/41 | €112,487 | €98,857 | -€13,629 | -12.1% |
| Trade receivables | 40 | €72,539 | €98,083 | +€25,543 | +35.2% |
| Other amounts receivable | 41 | €39,947 | €775 | -€39,173 | -98.1% |
| Cash at bank and in hand | 54/58 | €132,449 | €56,071 | -€76,378 | -57.7% |
| Deferred charges and accrued income | 490/1 | €4,815 | €21,844 | +€17,029 | +353.7% |
| Total equity and liabilities | 10/49 | €2,548,738 | €1,931,978 | -€616,761 | -24.2% |
| Equity | 10/15 | -€1,158,902 | -€948,830 | +€210,071 | +18.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,258,902 | -€1,048,830 | +€210,071 | +16.7% |
| Provisions and deferred taxes | 16 | €26,753 | €13,425 | -€13,329 | -49.8% |
| Provisions for liabilities and charges | 160/5 | €26,753 | €13,425 | -€13,329 | -49.8% |
| Other liabilities and charges | 164/5 | €26,753 | €13,425 | -€13,329 | -49.8% |
| Amounts payable | 17/49 | €3,680,887 | €2,867,383 | -€813,503 | -22.1% |
| Amounts payable after more than one year | 17 | €2,976,667 | €2,351,667 | -€625,000 | -21.0% |
| Other amounts payable | 178/9 | €2,976,667 | €2,351,667 | -€625,000 | -21.0% |
| Amounts payable within one year | 42/48 | €625,658 | €438,949 | -€186,709 | -29.8% |
| Financial debts | 43 | €4,457 | €2,939 | -€1,518 | -34.1% |
| Credit institutions | 430/8 | €4,457 | €2,939 | -€1,518 | -34.1% |
| Trade debts | 44 | €243,286 | €170,304 | -€72,981 | -30.0% |
| Suppliers | 440/4 | €243,286 | €170,304 | -€72,981 | -30.0% |
| Advances received on contracts in progress | 46 | €106,819 | €81,937 | -€24,883 | -23.3% |
| Taxes, remuneration and social security | 45 | €97,106 | €62,576 | -€34,530 | -35.6% |
| Taxes | 450/3 | €5,436 | €4,638 | -€798 | -14.7% |
| Remuneration and social security | 454/9 | €91,670 | €57,937 | -€33,733 | -36.8% |
| Other amounts payable | 47/48 | €173,990 | €121,194 | -€52,797 | -30.3% |
| Accrued charges and deferred income | 492/3 | €78,562 | €76,767 | -€1,794 | -2.3% |
| Non-recurring operating income | 76A | €23,022 | €32,574 | +€9,551 | +41.5% |
| Remuneration, social security and pensions | 62 | €536,347 | €473,479 | -€62,868 | -11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €945,696 | €824,259 | -€121,437 | -12.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €27,519 | €43,946 | +€16,426 | +59.7% |
| Other operating charges | 640/8 | €83,632 | €67,371 | -€16,260 | -19.4% |
| Non-recurring operating charges | 66A | - | €19,245 | +€19,245 | |
| Gross operating margin | 9900 | €1,490,462 | €1,758,468 | +€268,005 | +18.0% |
| Operating profit (loss) | 9901 | -€102,732 | €330,167 | +€432,899 | |
| Financial income | 75/76B | €1 | €8,209 | +€8,209 | +1225180.6% |
| Recurring financial income | 75 | €1 | €8,209 | +€8,209 | +1225180.6% |
| Financial charges | 65/66B | €184,295 | €127,596 | -€56,699 | -30.8% |
| Recurring financial charges | 65 | €184,295 | €127,596 | -€56,699 | -30.8% |
| Profit (loss) for the period before taxes | 9903 | -€287,026 | €210,781 | +€497,807 | |
| Income taxes | 67/77 | €464 | €710 | +€246 | +53.1% |
| Profit (loss) for the period | 9904 | -€287,489 | €210,071 | +€497,561 | |
| Profit (loss) for the period to be appropriated | 9905 | -€287,489 | €210,071 | +€497,561 |
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 3 October 2026 via checked.be.