N-LIGHT: 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.
N-LIGHT
Largest movements
- Cash -€75,811
down €75,811 (-42.2%), from €179,726 to €103,915
mainly Contributions, distributions and other (-€202,987) and Other debts (-€24,620)
- Receivables within one year +€11,279
up €11,279 (+12.0%), from €94,342 to €105,621
of which Trade receivables: +€11,994
- Tangible fixed assets -€11,269
down €11,269 (-24.2%), from €46,576 to €35,307
of which Furniture and vehicles: -€10,908
- Reserves -€50,000
down €50,000 (-96.4%), from €51,860 to €1,860
- Other debts -€24,620
down €24,620 (-11.8%), from €207,984 to €183,364
- Gross operating margin -€16,864
down €16,864 (-6.7%), from €250,163 to €233,300
- Taxes -€3,280
down €3,280 (-6.7%), from €48,940 to €45,660
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 | €320,840 | €245,330 | -€75,510 | -23.5% |
| Fixed assets | 21/28 | €46,576 | €35,307 | -€11,269 | -24.2% |
| Tangible fixed assets | 22/27 | €46,576 | €35,307 | -€11,269 | -24.2% |
| Land and buildings | 22 | €809 | €366 | -€443 | -54.8% |
| Plant, machinery and equipment | 23 | €1,481 | €1,563 | +€81 | +5.5% |
| Furniture and vehicles | 24 | €44,286 | €33,378 | -€10,908 | -24.6% |
| Current assets | 29/58 | €274,264 | €210,023 | -€64,241 | -23.4% |
| Amounts receivable within one year | 40/41 | €94,342 | €105,621 | +€11,279 | +12.0% |
| Trade receivables | 40 | €88,937 | €100,931 | +€11,994 | +13.5% |
| Other amounts receivable | 41 | €5,405 | €4,690 | -€715 | -13.2% |
| Cash at bank and in hand | 54/58 | €179,726 | €103,915 | -€75,811 | -42.2% |
| Deferred charges and accrued income | 490/1 | €197 | €488 | +€291 | +147.8% |
| Total equity and liabilities | 10/49 | €320,840 | €245,330 | -€75,510 | -23.5% |
| Equity | 10/15 | €70,460 | €20,460 | -€50,000 | -71.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €51,860 | €1,860 | -€50,000 | -96.4% |
| Distributable reserves | 133 | €51,860 | €1,860 | -€50,000 | -96.4% |
| Amounts payable | 17/49 | €250,380 | €224,870 | -€25,510 | -10.2% |
| Amounts payable within one year | 42/48 | €248,432 | €224,870 | -€23,562 | -9.5% |
| Trade debts | 44 | €3,160 | €3,575 | +€416 | +13.2% |
| Suppliers | 440/4 | €3,160 | €3,575 | +€416 | +13.2% |
| Taxes, remuneration and social security | 45 | €37,288 | €37,931 | +€643 | +1.7% |
| Taxes | 450/3 | €29,136 | €31,443 | +€2,307 | +7.9% |
| Remuneration and social security | 454/9 | €8,152 | €6,488 | -€1,664 | -20.4% |
| Other amounts payable | 47/48 | €207,984 | €183,364 | -€24,620 | -11.8% |
| Accrued charges and deferred income | 492/3 | €1,949 | - | -€1,949 | |
| Non-recurring operating income | 76A | €13,000 | €3,217 | -€9,783 | -75.3% |
| Remuneration, social security and pensions | 62 | €21,459 | €21,497 | +€38 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,848 | €12,533 | +€685 | +5.8% |
| Other operating charges | 640/8 | €483 | €531 | +€48 | +10.0% |
| Gross operating margin | 9900 | €250,163 | €233,300 | -€16,864 | -6.7% |
| Operating profit (loss) | 9901 | €216,373 | €198,738 | -€17,635 | -8.2% |
| Financial income | 75/76B | €53 | €59 | +€6 | +10.5% |
| Recurring financial income | 75 | €53 | €59 | +€6 | +10.5% |
| Financial charges | 65/66B | €500 | €150 | -€350 | -70.0% |
| Recurring financial charges | 65 | €500 | €150 | -€350 | -70.0% |
| Profit (loss) for the period before taxes | 9903 | €215,926 | €198,647 | -€17,279 | -8.0% |
| Income taxes | 67/77 | €48,940 | €45,660 | -€3,280 | -6.7% |
| Profit (loss) for the period | 9904 | €166,985 | €152,987 | -€13,999 | -8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €166,985 | €152,987 | -€13,999 | -8.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.