Tungsten 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.
Tungsten Light
Largest movements
- Cash -€45,173
down €45,173 (-81.4%), from €55,499 to €10,326
mainly Net result for the year (-€32,104) and Other debts (-€18,903)
- Receivables after one year -€20,000
no longer reported in 2025 (was €20,000)
- Receivables within one year -€4,458
down €4,458 (-42.1%), from €10,578 to €6,119
of which Trade receivables: -€9,712
- Profit (loss) carried forward -€32,104
down €32,104 (-83.7%), from €38,368 to €6,264
- Other debts -€18,903
down €18,903 (-99.3%), from €19,031 to €128
- Tax, wage and social debts -€14,946
down €14,946 (-99.8%), from €14,980 to €34
of which Taxes: -€10,241
- Trade debts -€2,891
down €2,891 (-81.9%), from €3,531 to €640
- Gross operating margin -€57,228
down €57,228, from €25,079 to -€32,149
- Taxes -€5,134
no longer reported in 2025 (was €5,134)
- Financial income +€434
new in 2025: €434
of which Financial income: +€434
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 | €86,468 | €17,625 | -€68,843 | -79.6% |
| Fixed assets | 21/28 | €83 | €761 | +€679 | +819.3% |
| Tangible fixed assets | 22/27 | - | €679 | +€679 | |
| Plant, machinery and equipment | 23 | - | €679 | +€679 | |
| Financial fixed assets | 28 | €83 | €83 | = | 0.0% |
| Current assets | 29/58 | €86,385 | €16,863 | -€69,522 | -80.5% |
| Amounts receivable after more than one year | 29 | €20,000 | - | -€20,000 | |
| Trade receivables | 290 | €20,000 | - | -€20,000 | |
| Amounts receivable within one year | 40/41 | €10,578 | €6,119 | -€4,458 | -42.1% |
| Trade receivables | 40 | €9,712 | - | -€9,712 | |
| Other amounts receivable | 41 | €866 | €6,119 | +€5,254 | +606.8% |
| Cash at bank and in hand | 54/58 | €55,499 | €10,326 | -€45,173 | -81.4% |
| Deferred charges and accrued income | 490/1 | €309 | €418 | +€109 | +35.5% |
| Total equity and liabilities | 10/49 | €86,468 | €17,625 | -€68,843 | -79.6% |
| Equity | 10/15 | €48,926 | €16,823 | -€32,104 | -65.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €7,559 | €7,559 | = | 0.0% |
| Distributable reserves | 133 | €7,559 | €7,559 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,368 | €6,264 | -€32,104 | -83.7% |
| Amounts payable | 17/49 | €37,542 | €802 | -€36,739 | -97.9% |
| Amounts payable within one year | 42/48 | €37,542 | €802 | -€36,739 | -97.9% |
| Trade debts | 44 | €3,531 | €640 | -€2,891 | -81.9% |
| Suppliers | 440/4 | €3,531 | €640 | -€2,891 | -81.9% |
| Taxes, remuneration and social security | 45 | €14,980 | €34 | -€14,946 | -99.8% |
| Taxes | 450/3 | €10,275 | €34 | -€10,241 | -99.7% |
| Remuneration and social security | 454/9 | €4,705 | - | -€4,705 | |
| Other amounts payable | 47/48 | €19,031 | €128 | -€18,903 | -99.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €436 | €284 | -€152 | -34.8% |
| Gross operating margin | 9900 | €25,079 | -€32,149 | -€57,228 | |
| Operating profit (loss) | 9901 | €24,643 | -€32,434 | -€57,076 | |
| Financial income | 75/76B | - | €434 | +€434 | |
| Recurring financial income | 75 | - | €434 | +€434 | |
| Non-recurring financial income | 76B | - | €0 | +€0 | |
| Financial charges | 65/66B | €150 | €104 | -€46 | -30.5% |
| Recurring financial charges | 65 | €151 | €104 | -€46 | -30.8% |
| Non-recurring financial charges | 66B | -€1 | - | +€1 | |
| Profit (loss) for the period before taxes | 9903 | €24,492 | -€32,104 | -€56,596 | |
| Income taxes | 67/77 | €5,134 | - | -€5,134 | |
| Profit (loss) for the period | 9904 | €19,358 | -€32,104 | -€51,462 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,358 | -€32,104 | -€51,462 |
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 12 October 2026 via checked.be.