NORTHERN 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.
NORTHERN LIGHT
Largest movements
- Tangible fixed assets -€147,124
down €147,124 (-19.0%), from €773,882 to €626,758
of which Furniture and vehicles: -€79,998
- Receivables within one year -€32,259
down €32,259 (-15.3%), from €210,611 to €178,351
of which Trade receivables: -€37,835
- Profit (loss) carried forward -€165,327
down €165,327 (-115.8%), from -€142,822 to -€308,148
- Advances received -€80,665
down €80,665 (-100.0%), from €80,665 to €0
- Trade debts -€52,884
down €52,884 (-58.9%), from €89,755 to €36,871
- Debts after one year +€51,384
up €51,384 (+97.0%), from €52,962 to €104,346
- Current portion of long-term debt +€33,990
up €33,990 (+195.0%), from €17,427 to €51,416
- Write-downs +€232,500
new in 2024: €232,500
- Gross operating margin +€193,369
up €193,369 (+1096.9%), from €17,628 to €210,997
- Depreciation +€34,827
up €34,827 (+36.9%), from €94,348 to €129,175
- Financial charges +€5,181
up €5,181 (+207.8%), from €2,493 to €7,674
- Financial income -€2,800
down €2,800 (-74.7%), from €3,749 to €949
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,036,393 | €847,738 | -€188,655 | -18.2% |
| Fixed assets | 21/28 | €819,788 | €667,036 | -€152,752 | -18.6% |
| Intangible fixed assets | 21 | €45,906 | €40,278 | -€5,628 | -12.3% |
| Tangible fixed assets | 22/27 | €773,882 | €626,758 | -€147,124 | -19.0% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €511,922 | €446,962 | -€64,960 | -12.7% |
| Furniture and vehicles | 24 | €232,303 | €152,304 | -€79,998 | -34.4% |
| Other tangible fixed assets | 26 | €29,657 | €27,492 | -€2,165 | -7.3% |
| Current assets | 29/58 | €216,605 | €180,703 | -€35,903 | -16.6% |
| Amounts receivable within one year | 40/41 | €210,611 | €178,351 | -€32,259 | -15.3% |
| Trade receivables | 40 | €195,525 | €157,690 | -€37,835 | -19.4% |
| Other amounts receivable | 41 | €15,086 | €20,661 | +€5,575 | +37.0% |
| Cash at bank and in hand | 54/58 | €4,538 | €0 | -€4,538 | -100.0% |
| Deferred charges and accrued income | 490/1 | €1,457 | €2,352 | +€894 | +61.4% |
| Total equity and liabilities | 10/49 | €1,036,393 | €847,738 | -€188,655 | -18.2% |
| Equity | 10/15 | -€136,622 | -€301,948 | -€165,327 | -121.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€142,822 | -€308,148 | -€165,327 | -115.8% |
| Amounts payable | 17/49 | €1,173,015 | €1,149,687 | -€23,329 | -2.0% |
| Amounts payable after more than one year | 17 | €52,962 | €104,346 | +€51,384 | +97.0% |
| Financial debts | 170/4 | €52,962 | €104,346 | +€51,384 | +97.0% |
| Amounts payable within one year | 42/48 | €1,120,054 | €1,043,669 | -€76,385 | -6.8% |
| Current portion of amounts payable after more than one year | 42 | €17,427 | €51,416 | +€33,990 | +195.0% |
| Financial debts | 43 | - | €8,215 | +€8,215 | |
| Credit institutions | 430/8 | - | €8,215 | +€8,215 | |
| Trade debts | 44 | €89,755 | €36,871 | -€52,884 | -58.9% |
| Suppliers | 440/4 | €89,755 | €36,871 | -€52,884 | -58.9% |
| Advances received on contracts in progress | 46 | €80,665 | €0 | -€80,665 | -100.0% |
| Taxes, remuneration and social security | 45 | €9,133 | €15,237 | +€6,104 | +66.8% |
| Taxes | 450/3 | €9,133 | €11,237 | +€2,104 | +23.0% |
| Remuneration and social security | 454/9 | - | €4,000 | +€4,000 | |
| Other amounts payable | 47/48 | €923,075 | €931,930 | +€8,855 | +1.0% |
| Accrued charges and deferred income | 492/3 | - | €1,672 | +€1,672 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,348 | €129,175 | +€34,827 | +36.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €232,500 | +€232,500 | |
| Other operating charges | 640/8 | €8,863 | €7,924 | -€939 | -10.6% |
| Gross operating margin | 9900 | €17,628 | €210,997 | +€193,369 | +1096.9% |
| Operating profit (loss) | 9901 | -€85,583 | -€158,602 | -€73,019 | -85.3% |
| Financial income | 75/76B | €3,749 | €949 | -€2,800 | -74.7% |
| Recurring financial income | 75 | €3,749 | €949 | -€2,800 | -74.7% |
| Financial charges | 65/66B | €2,493 | €7,674 | +€5,181 | +207.8% |
| Recurring financial charges | 65 | €2,493 | €7,674 | +€5,181 | +207.8% |
| Profit (loss) for the period before taxes | 9903 | -€84,327 | -€165,327 | -€80,999 | -96.1% |
| Income taxes | 67/77 | €887 | €0 | -€887 | -100.0% |
| Profit (loss) for the period | 9904 | -€85,214 | -€165,327 | -€80,113 | -94.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€85,214 | -€165,327 | -€80,113 | -94.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.