WM-Lightning: 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.
WM-Lightning
Largest movements
- Cash -€43,707
down €43,707 (-55.1%), from €79,290 to €35,583
mainly Net result for the year (-€35,333) and Current investments (-€4,119)
- Current investments +€4,119
up €4,119 (+25.7%), from €16,000 to €20,119
- Tangible fixed assets -€1,641
down €1,641 (-57.2%), from €2,872 to €1,230
of which Plant, machinery and equipment: -€1,172
- Intangible fixed assets +€1,410
new in 2025: €1,410
- Profit (loss) carried forward -€35,333
new in 2025: -€35,333
- Trade debts -€2,997
down €2,997 (-100%), from €2,997 to €0
- Tax, wage and social debts -€2,313
down €2,313 (-49.7%), from €4,650 to €2,337
- Other debts +€1,288
up €1,288 (+441%), from €292 to €1,580
- Gross operating margin -€118,687
down €118,687, from €88,843 to -€29,843
- Taxes -€27,140
down €27,140 (-99.3%), from €27,324 to €184
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 | €104,782 | €65,428 | -€39,354 | -37.6% |
| Fixed assets | 21/28 | €2,872 | €2,640 | -€232 | -8.1% |
| Intangible fixed assets | 21 | - | €1,410 | +€1,410 | |
| Tangible fixed assets | 22/27 | €2,872 | €1,230 | -€1,641 | -57.2% |
| Plant, machinery and equipment | 23 | €2,204 | €1,031 | -€1,172 | -53.2% |
| Furniture and vehicles | 24 | €668 | €199 | -€469 | -70.2% |
| Current assets | 29/58 | €101,910 | €62,788 | -€39,122 | -38.4% |
| Stocks and contracts in progress | 3 | - | €584 | +€584 | |
| Stocks | 30/36 | - | €584 | +€584 | |
| Amounts receivable within one year | 40/41 | €3,877 | €4,411 | +€533 | +13.8% |
| Trade receivables | 40 | €1,811 | €1,117 | -€695 | -38.3% |
| Other amounts receivable | 41 | €2,066 | €3,294 | +€1,228 | +59.4% |
| Current investments | 50/53 | €16,000 | €20,119 | +€4,119 | +25.7% |
| Cash at bank and in hand | 54/58 | €79,290 | €35,583 | -€43,707 | -55.1% |
| Deferred charges and accrued income | 490/1 | €2,743 | €2,092 | -€651 | -23.7% |
| Total equity and liabilities | 10/49 | €104,782 | €65,428 | -€39,354 | -37.6% |
| Equity | 10/15 | €96,844 | €61,511 | -€35,333 | -36.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €78,244 | €78,244 | = | 0.0% |
| Distributable reserves | 133 | €78,244 | €78,244 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€35,333 | -€35,333 | |
| Amounts payable | 17/49 | €7,939 | €3,917 | -€4,021 | -50.7% |
| Amounts payable within one year | 42/48 | €7,939 | €3,917 | -€4,021 | -50.7% |
| Trade debts | 44 | €2,997 | €0 | -€2,997 | -100% |
| Suppliers | 440/4 | €2,997 | €0 | -€2,997 | -100% |
| Taxes, remuneration and social security | 45 | €4,650 | €2,337 | -€2,313 | -49.7% |
| Taxes | 450/3 | €4,650 | €2,337 | -€2,313 | -49.7% |
| Other amounts payable | 47/48 | €292 | €1,580 | +€1,288 | +441% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,641 | €2,332 | +€691 | +42.1% |
| Other operating charges | 640/8 | €943 | €796 | -€147 | -15.6% |
| Gross operating margin | 9900 | €88,843 | -€29,843 | -€118,687 | |
| Operating profit (loss) | 9901 | €86,259 | -€32,972 | -€119,231 | |
| Financial income | 75/76B | - | €179 | +€179 | |
| Recurring financial income | 75 | - | €179 | +€179 | |
| Financial charges | 65/66B | €2,650 | €2,356 | -€294 | -11.1% |
| Recurring financial charges | 65 | €2,650 | €2,356 | -€294 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €83,609 | -€35,149 | -€118,758 | |
| Income taxes | 67/77 | €27,324 | €184 | -€27,140 | -99.3% |
| Profit (loss) for the period | 9904 | €56,286 | -€35,333 | -€91,618 | |
| Profit (loss) for the period to be appropriated | 9905 | €56,286 | -€35,333 | -€91,618 |
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 16 October 2026 via checked.be.