LV Lights: 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.
LV Lights
Largest movements
- Cash -€9,919
down €9,919 (-18.0%), from €55,156 to €45,237
mainly Net result for the year (-€15,155) and Trade debts (-€6,463)
- Receivables within one year -€9,821
down €9,821 (-65.6%), from €14,982 to €5,161
of which Trade receivables: -€14,117
- Deferred charges and accrued income +€2,610
up €2,610 (+166.7%), from €1,566 to €4,176
- Profit (loss) carried forward -€15,155
down €15,155 (-27.9%), from €54,230 to €39,075
- Trade debts -€6,463
down €6,463 (-57.5%), from €11,236 to €4,772
- Other debts +€5,017
up €5,017 (+113.7%), from €4,411 to €9,428
- Gross operating margin -€27,158
down €27,158, from €15,417 to -€11,740
- Taxes -€2,495
down €2,495 (-94.7%), from €2,635 to €141
- Other operating charges +€387
up €387 (+203.0%), from €191 to €578
- Financial charges -€168
down €168 (-8.5%), from €1,977 to €1,809
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 | €73,059 | €55,868 | -€17,191 | -23.5% |
| Fixed assets | 21/28 | €1,355 | €1,295 | -€61 | -4.5% |
| Tangible fixed assets | 22/27 | €1,355 | €1,295 | -€61 | -4.5% |
| Furniture and vehicles | 24 | €1,355 | €1,295 | -€61 | -4.5% |
| Current assets | 29/58 | €71,703 | €54,573 | -€17,130 | -23.9% |
| Amounts receivable within one year | 40/41 | €14,982 | €5,161 | -€9,821 | -65.6% |
| Trade receivables | 40 | €14,117 | €0 | -€14,117 | -100.0% |
| Other amounts receivable | 41 | €865 | €5,161 | +€4,296 | +496.9% |
| Cash at bank and in hand | 54/58 | €55,156 | €45,237 | -€9,919 | -18.0% |
| Deferred charges and accrued income | 490/1 | €1,566 | €4,176 | +€2,610 | +166.7% |
| Total equity and liabilities | 10/49 | €73,059 | €55,868 | -€17,191 | -23.5% |
| Equity | 10/15 | €56,730 | €41,575 | -€15,155 | -26.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,230 | €39,075 | -€15,155 | -27.9% |
| Amounts payable | 17/49 | €16,328 | €14,293 | -€2,036 | -12.5% |
| Amounts payable within one year | 42/48 | €16,328 | €14,293 | -€2,036 | -12.5% |
| Trade debts | 44 | €11,236 | €4,772 | -€6,463 | -57.5% |
| Suppliers | 440/4 | €11,236 | €4,772 | -€6,463 | -57.5% |
| Taxes, remuneration and social security | 45 | €682 | €93 | -€589 | -86.4% |
| Taxes | 450/3 | €512 | €0 | -€512 | -100.0% |
| Remuneration and social security | 454/9 | €170 | €93 | -€77 | -45.4% |
| Other amounts payable | 47/48 | €4,411 | €9,428 | +€5,017 | +113.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €927 | €888 | -€39 | -4.2% |
| Other operating charges | 640/8 | €191 | €578 | +€387 | +203.0% |
| Gross operating margin | 9900 | €15,417 | -€11,740 | -€27,158 | |
| Operating profit (loss) | 9901 | €14,300 | -€13,207 | -€27,506 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,977 | €1,809 | -€168 | -8.5% |
| Recurring financial charges | 65 | €1,977 | €1,809 | -€168 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €12,323 | -€15,014 | -€27,337 | |
| Income taxes | 67/77 | €2,635 | €141 | -€2,495 | -94.7% |
| Profit (loss) for the period | 9904 | €9,688 | -€15,155 | -€24,843 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,688 | -€15,155 | -€24,843 |
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 11 October 2026 via checked.be.