PERFORMANCE IN LIGHTING BE: 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.
What changed
PERFORMANCE IN LIGHTING BE
NACE 46.474, Wholesale trade
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€869,433
2024 · €307,975-€1.2m
Equity
€3.9m
2024 · €4.8m-€869,433
Cash
€775,497
2024 · €510,809+€264,688
Balance sheet total
€6.7m
2024 · €8.1m-€1.5m
Largest movements
Assets
- Receivables within one year -€1.3m
down €1.3m (-35.1%), from €3.6m to €2.3m
of which Trade receivables: -€1.3m
- Stocks and contracts -€339,532
down €339,532 (-28.5%), from €1.2m to €851,347
- Cash +€264,688
up €264,688 (+51.8%), from €510,809 to €775,497
mainly Receivables within one year (+€1.3m) and Stocks and contracts (+€339,532)
- Receivables after one year -€150,000
down €150,000 (-5.9%), from €2.6m to €2.4m
Equity and liabilities
- Reserves -€869,433
down €869,433 (-23.0%), from €3.8m to €2.9m
of which Distributable reserves: -€869,433
- Tax, wage and social debts -€508,322
down €508,322 (-44.8%), from €1.1m to €625,668
of which Remuneration and social security: -€347,102
- Trade debts -€172,666
down €172,666 (-9.9%), from €1.7m to €1.6m
- Provisions +€83,581
new in 2025: €83,581
Income statement
- Turnover -€1.7m
down €1.7m (-15.0%), from €11.5m to €9.7m
- Goods and materials -€1.1m
down €1.1m (-15.3%), from €7.0m to €6.0m
of which Purchases: -€1.1m
- Staff costs -€642,443
down €642,443 (-19.3%), from €3.3m to €2.7m
- Write-downs -€388,333
down €388,333 (-1972.8%), from -€19,685 to -€408,018
- Taxes -€159,029
down €159,029 (-99.7%), from €159,496 to €467
of which Taxes: -€157,199
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.
Result 2024
€307,975
Turnover
-€1.7m
Other operating income
+€6,762
Goods and materials
+€1.1m
Services and other goods
+€41,136
Staff costs
+€642,443
Depreciation
+€18,627
Write-downs
+€388,333
Provisions
-€83,581
Other operating charges
+€15,079
Other operating items
-€1.7m
Financial income
-€17,975
Financial charges
-€14,898
Taxes
+€159,029
Result 2025
-€869,433
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.
From operations
+€291,738
Investment
-€27,049
Financing
-€1
Cash 2024
€510,809
From operations (derived)
+€291,738
Net result for the year
-€869,433
Depreciation
+€43,512
Receivables after one year
+€150,000
Stocks and contracts
+€339,532
Receivables within one year
+€1.3m
Deferred charges and accrued income
-€7,223
Provisions
+€83,581
Trade debts
-€172,666
Tax, wage and social debts
-€508,322
Other debts
-€501
Accrued charges and deferred income
-€28,284
Investment (derived)
-€27,049
Investment in fixed assets (net)
-€27,049
Financing
-€1
Short-term financial debts
-€1
Cash 2025
€775,497
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,146,575 | €6,650,949 | -€1.5m | -18.4% |
| Fixed assets | 21/28 | €287,855 | €271,392 | -€16,463 | -5.7% |
| Intangible fixed assets | 21 | €80,743 | €62,789 | -€17,954 | -22.2% |
| Tangible fixed assets | 22/27 | €75,623 | €77,113 | +€1,491 | +2.0% |
| Plant, machinery and equipment | 23 | €35,243 | €27,495 | -€7,749 | -22.0% |
| Furniture and vehicles | 24 | €40,379 | €39,618 | -€761 | -1.9% |
| Assets under construction and advance payments | 27 | - | €10,000 | +€10,000 | |
| Financial fixed assets | 28 | €131,489 | €131,489 | = | 0.0% |
| Other financial fixed assets | 284/8 | €131,489 | €131,489 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €131,489 | €131,489 | = | 0.0% |
| Current assets | 29/58 | €7,858,720 | €6,379,557 | -€1.5m | -18.8% |
| Amounts receivable after more than one year | 29 | €2,551,813 | €2,401,813 | -€150,000 | -5.9% |
| Other amounts receivable | 291 | €2,551,813 | €2,401,813 | -€150,000 | -5.9% |
| Stocks and contracts in progress | 3 | €1,190,879 | €851,347 | -€339,532 | -28.5% |
| Stocks | 30/36 | €1,190,879 | €851,347 | -€339,532 | -28.5% |
| Raw materials and consumables | 30/31 | €0 | - | -€0 | |
| Work in progress | 32 | €514 | - | -€514 | |
| Goods purchased for resale | 34 | €1,190,365 | €851,347 | -€339,018 | -28.5% |
| Amounts receivable within one year | 40/41 | €3,596,271 | €2,334,730 | -€1.3m | -35.1% |
| Trade receivables | 40 | €3,496,271 | €2,184,730 | -€1.3m | -37.5% |
| Other amounts receivable | 41 | €100,000 | €150,000 | +€50,000 | +50.0% |
| Cash at bank and in hand | 54/58 | €510,809 | €775,497 | +€264,688 | +51.8% |
| Deferred charges and accrued income | 490/1 | €8,948 | €16,171 | +€7,223 | +80.7% |
| Total equity and liabilities | 10/49 | €8,146,575 | €6,650,949 | -€1.5m | -18.4% |
| Equity | 10/15 | €4,754,734 | €3,885,302 | -€869,433 | -18.3% |
| Contributions | 10/11 | €975,856 | €975,856 | = | 0.0% |
| Capital | 10 | €975,856 | €975,856 | = | 0.0% |
| Issued capital | 100 | €975,856 | €975,856 | = | 0.0% |
| Reserves | 13 | €3,778,878 | €2,909,446 | -€869,433 | -23.0% |
| Non-distributable reserves | 130/1 | €97,586 | €97,586 | = | 0.0% |
| Legal reserve | 130 | €97,586 | €97,586 | = | 0.0% |
| Tax-exempt reserves | 132 | €50,793 | €50,793 | = | 0.0% |
| Distributable reserves | 133 | €3,630,499 | €2,761,067 | -€869,433 | -23.9% |
| Provisions and deferred taxes | 16 | - | €83,581 | +€83,581 | |
| Provisions for liabilities and charges | 160/5 | - | €83,581 | +€83,581 | |
| Other liabilities and charges | 164/5 | - | €83,581 | +€83,581 | |
| Amounts payable | 17/49 | €3,391,841 | €2,682,066 | -€709,774 | -20.9% |
| Amounts payable within one year | 42/48 | €3,363,556 | €2,682,066 | -€681,490 | -20.3% |
| Financial debts | 43 | €488,731 | €488,730 | -€1 | 0.0% |
| Credit institutions | 430/8 | €488,731 | €488,730 | -€1 | 0.0% |
| Trade debts | 44 | €1,740,334 | €1,567,668 | -€172,666 | -9.9% |
| Suppliers | 440/4 | €1,740,334 | €1,567,668 | -€172,666 | -9.9% |
| Taxes, remuneration and social security | 45 | €1,133,991 | €625,668 | -€508,322 | -44.8% |
| Taxes | 450/3 | €506,178 | €344,957 | -€161,220 | -31.9% |
| Remuneration and social security | 454/9 | €627,813 | €280,711 | -€347,102 | -55.3% |
| Other amounts payable | 47/48 | €501 | - | -€501 | |
| Accrued charges and deferred income | 492/3 | €28,284 | - | -€28,284 | |
| Operating income | 70/76A | €12,639,779 | €9,182,617 | -€3.5m | -27.4% |
| Turnover | 70 | €11,468,807 | €9,747,048 | -€1.7m | -15.0% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €157,291 | -€736,851 | -€894,142 | |
| Other operating income | 74 | €111,868 | €118,630 | +€6,762 | +6.0% |
| Non-recurring operating income | 76A | €901,813 | €53,790 | -€848,023 | -94.0% |
| Operating charges | 60/66A | €12,134,982 | €9,981,383 | -€2.2m | -17.7% |
| Goods for resale, raw materials and consumables | 60 | €7,037,628 | €5,958,337 | -€1.1m | -15.3% |
| Purchases | 600/8 | €7,037,628 | €5,928,834 | -€1.1m | -15.8% |
| Change in stocks: decrease (increase) | 609 | - | €29,503 | +€29,503 | |
| Services and other goods | 61 | €1,635,443 | €1,594,306 | -€41,136 | -2.5% |
| Remuneration, social security and pensions | 62 | €3,330,994 | €2,688,550 | -€642,443 | -19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,139 | €43,512 | -€18,627 | -30.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€19,685 | -€408,018 | -€388,333 | -1972.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €83,581 | +€83,581 | |
| Other operating charges | 640/8 | €36,193 | €21,114 | -€15,079 | -41.7% |
| Non-recurring operating charges | 66A | €52,271 | - | -€52,271 | |
| Operating profit (loss) | 9901 | €504,797 | -€798,766 | -€1.3m | |
| Financial income | 75/76B | €131,110 | €113,135 | -€17,975 | -13.7% |
| Recurring financial income | 75 | €131,110 | €113,135 | -€17,975 | -13.7% |
| Income from current assets | 751 | €76,036 | €94,476 | +€18,440 | +24.3% |
| Other financial income | 752/9 | €55,074 | €18,659 | -€36,415 | -66.1% |
| Financial charges | 65/66B | €168,437 | €183,335 | +€14,898 | +8.8% |
| Recurring financial charges | 65 | €168,437 | €183,335 | +€14,898 | +8.8% |
| Debt charges | 650 | €38,753 | €38,581 | -€173 | -0.4% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | - | €31,441 | +€31,441 | |
| Other financial charges | 652/9 | €129,683 | €113,313 | -€16,370 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €467,470 | -€868,966 | -€1.3m | |
| Income taxes | 67/77 | €159,496 | €467 | -€159,029 | -99.7% |
| Taxes | 670/3 | €159,496 | €2,297 | -€157,199 | -98.6% |
| Tax adjustments and reversals of tax provisions | 77 | - | €1,830 | +€1,830 | |
| Profit (loss) for the period | 9904 | €307,975 | -€869,433 | -€1.2m | |
| Profit (loss) for the period to be appropriated | 9905 | €307,975 | -€869,433 | -€1.2m |
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 10 October 2026 via checked.be.