Sun and 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.
Sun and Lights
Largest movements
- Receivables after one year +€93,497
new in 2025: €93,497
- Receivables within one year -€59,732
down €59,732 (-52.0%), from €114,774 to €55,041
of which Other amounts receivable: -€56,811
- Cash -€26,760
down €26,760 (-53.4%), from €50,072 to €23,312
mainly Receivables after one year (-€93,497) and Tax, wage and social debts (-€16,618)
- Deferred charges and accrued income +€5,041
up €5,041 (+662%), from €761 to €5,802
- Tangible fixed assets -€3,344
down €3,344 (-16.9%), from €19,801 to €16,458
of which Plant, machinery and equipment: -€3,918
- Trade debts +€19,798
up €19,798 (+143%), from €13,806 to €33,603
- Tax, wage and social debts -€16,618
down €16,618 (-96.1%), from €17,298 to €680
of which Taxes: -€14,618
- Advances received +€15,223
new in 2025: €15,223
- Provisions -€7,500
no longer reported in 2025 (was €7,500)
- Debts after one year -€2,968
down €2,968 (-35.9%), from €8,279 to €5,310
- Taxes -€49,511
down €49,511, from €28,798 to -€20,713
- Gross operating margin -€18,875
down €18,875 (-29.7%), from €63,570 to €44,695
- Financial income +€3,269
up €3,269 (+173%), from €1,892 to €5,161
- Depreciation +€1,901
up €1,901 (+59.2%), from €3,211 to €5,112
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.
Derived cash bridge
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 | €187,660 | €198,881 | +€11,222 | +6.0% |
| Fixed assets | 21/28 | €20,251 | €16,908 | -€3,344 | -16.5% |
| Tangible fixed assets | 22/27 | €19,801 | €16,458 | -€3,344 | -16.9% |
| Plant, machinery and equipment | 23 | €3,918 | - | -€3,918 | |
| Furniture and vehicles | 24 | €14,819 | €12,355 | -€2,464 | -16.6% |
| Leasing and similar rights | 25 | €1,064 | - | -€1,064 | |
| Other tangible fixed assets | 26 | - | €4,103 | +€4,103 | |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €167,408 | €181,974 | +€14,565 | +8.7% |
| Amounts receivable after more than one year | 29 | - | €93,497 | +€93,497 | |
| Other amounts receivable | 291 | - | €93,497 | +€93,497 | |
| Stocks and contracts in progress | 3 | €1,801 | €4,321 | +€2,519 | +140% |
| Stocks | 30/36 | €1,801 | €4,321 | +€2,519 | +140% |
| Amounts receivable within one year | 40/41 | €114,774 | €55,041 | -€59,732 | -52.0% |
| Trade receivables | 40 | €47,373 | €44,451 | -€2,922 | -6.2% |
| Other amounts receivable | 41 | €67,400 | €10,590 | -€56,811 | -84.3% |
| Cash at bank and in hand | 54/58 | €50,072 | €23,312 | -€26,760 | -53.4% |
| Deferred charges and accrued income | 490/1 | €761 | €5,802 | +€5,041 | +662% |
| Total equity and liabilities | 10/49 | €187,660 | €198,881 | +€11,222 | +6.0% |
| Equity | 10/15 | €119,563 | €119,679 | +€116 | +0.1% |
| Profit (loss) carried forward | 14 | €119,563 | €119,679 | +€116 | +0.1% |
| Provisions and deferred taxes | 16 | €7,500 | - | -€7,500 | |
| Provisions for liabilities and charges | 160/5 | €7,500 | - | -€7,500 | |
| Taxes | 161 | €7,500 | - | -€7,500 | |
| Amounts payable | 17/49 | €60,596 | €79,202 | +€18,606 | +30.7% |
| Amounts payable after more than one year | 17 | €8,279 | €5,310 | -€2,968 | -35.9% |
| Financial debts | 170/4 | €8,279 | €5,310 | -€2,968 | -35.9% |
| Amounts payable within one year | 42/48 | €37,318 | €57,392 | +€20,074 | +53.8% |
| Current portion of amounts payable after more than one year | 42 | €2,815 | €2,968 | +€153 | +5.4% |
| Trade debts | 44 | €13,806 | €33,603 | +€19,798 | +143% |
| Suppliers | 440/4 | €13,806 | €33,603 | +€19,798 | +143% |
| Advances received on contracts in progress | 46 | - | €15,223 | +€15,223 | |
| Taxes, remuneration and social security | 45 | €17,298 | €680 | -€16,618 | -96.1% |
| Taxes | 450/3 | €15,298 | €680 | -€14,618 | -95.6% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €3,399 | €4,917 | +€1,518 | +44.7% |
| Accrued charges and deferred income | 492/3 | €15,000 | €16,500 | +€1,500 | +10.0% |
| Non-recurring operating income | 76A | - | €29,813 | +€29,813 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,211 | €5,112 | +€1,901 | +59.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €585 | +€585 | |
| Other operating charges | 640/8 | €951 | €947 | -€4 | -0.4% |
| Non-recurring operating charges | 66A | - | €62,280 | +€62,280 | |
| Gross operating margin | 9900 | €63,570 | €44,695 | -€18,875 | -29.7% |
| Operating profit (loss) | 9901 | €59,408 | -€24,229 | -€83,637 | |
| Financial income | 75/76B | €1,892 | €5,161 | +€3,269 | +173% |
| Recurring financial income | 75 | €1,892 | €5,161 | +€3,269 | +173% |
| Financial charges | 65/66B | €898 | €1,530 | +€632 | +70.3% |
| Recurring financial charges | 65 | €898 | €1,530 | +€632 | +70.3% |
| Profit (loss) for the period before taxes | 9903 | €60,402 | -€20,598 | -€81,000 | |
| Income taxes | 67/77 | €28,798 | -€20,713 | -€49,511 | |
| Profit (loss) for the period | 9904 | €31,605 | €116 | -€31,489 | -99.6% |
| Profit (loss) for the period to be appropriated | 9905 | €31,605 | €116 | -€31,489 | -99.6% |
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 22 October 2026 via checked.be.