ZONLICHT: 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.
ZONLICHT
Largest movements
- Receivables within one year +€41,839
up €41,839 (+170%), from €24,668 to €66,508
of which Other amounts receivable: +€32,528
- Cash -€39,120
down €39,120 (-35.3%), from €110,813 to €71,692
mainly Contributions, distributions and other (-€182,477) and Receivables within one year (-€41,839)
- Tangible fixed assets +€2,710
up €2,710 (+123%), from €2,198 to €4,908
of which Plant, machinery and equipment: +€2,976
- Stocks and contracts +€1,870
up €1,870 (+10.8%), from €17,360 to €19,230
- Other debts +€38,186
up €38,186 (+32.7%), from €116,857 to €155,043
- Contributions -€20,460
down €20,460 (-100%), from €20,460 to €0
- Reserves -€9,045
down €9,045 (-51.9%), from €17,429 to €8,384
of which Distributable reserves: -€9,045
- Gross operating margin +€38,968
up €38,968 (+33.1%), from €117,668 to €156,636
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 | €156,860 | €164,246 | +€7,387 | +4.7% |
| Fixed assets | 21/28 | €2,198 | €4,908 | +€2,710 | +123% |
| Tangible fixed assets | 22/27 | €2,198 | €4,908 | +€2,710 | +123% |
| Plant, machinery and equipment | 23 | €1,932 | €4,908 | +€2,976 | +154% |
| Furniture and vehicles | 24 | €266 | €0 | -€266 | -100% |
| Current assets | 29/58 | €154,662 | €159,339 | +€4,677 | +3.0% |
| Stocks and contracts in progress | 3 | €17,360 | €19,230 | +€1,870 | +10.8% |
| Stocks | 30/36 | €17,360 | €19,230 | +€1,870 | +10.8% |
| Amounts receivable within one year | 40/41 | €24,668 | €66,508 | +€41,839 | +170% |
| Trade receivables | 40 | €8,839 | €18,151 | +€9,312 | +105% |
| Other amounts receivable | 41 | €15,830 | €48,357 | +€32,528 | +205% |
| Cash at bank and in hand | 54/58 | €110,813 | €71,692 | -€39,120 | -35.3% |
| Deferred charges and accrued income | 490/1 | €1,821 | €1,909 | +€88 | +4.8% |
| Total equity and liabilities | 10/49 | €156,860 | €164,246 | +€7,387 | +4.7% |
| Equity | 10/15 | €37,889 | €8,384 | -€29,505 | -77.9% |
| Contributions | 10/11 | €20,460 | €0 | -€20,460 | -100% |
| Reserves | 13 | €17,429 | €8,384 | -€9,045 | -51.9% |
| Tax-exempt reserves | 132 | €3,221 | €3,221 | = | 0.0% |
| Distributable reserves | 133 | €14,208 | €5,163 | -€9,045 | -63.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €118,971 | €155,862 | +€36,891 | +31.0% |
| Amounts payable within one year | 42/48 | €118,971 | €155,862 | +€36,891 | +31.0% |
| Trade debts | 44 | €2,114 | €766 | -€1,348 | -63.8% |
| Suppliers | 440/4 | €2,114 | €766 | -€1,348 | -63.8% |
| Taxes, remuneration and social security | 45 | - | €54 | +€54 | |
| Taxes | 450/3 | - | €54 | +€54 | |
| Other amounts payable | 47/48 | €116,857 | €155,043 | +€38,186 | +32.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,584 | €1,992 | +€408 | +25.8% |
| Other operating charges | 640/8 | €1,152 | €1,486 | +€333 | +28.9% |
| Gross operating margin | 9900 | €117,668 | €156,636 | +€38,968 | +33.1% |
| Operating profit (loss) | 9901 | €114,932 | €153,158 | +€38,227 | +33.3% |
| Financial income | 75/76B | €780 | €374 | -€406 | -52.0% |
| Recurring financial income | 75 | €780 | €374 | -€406 | -52.0% |
| Financial charges | 65/66B | €65 | €66 | +€1 | +2.0% |
| Recurring financial charges | 65 | €65 | €66 | +€1 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €115,647 | €153,467 | +€37,820 | +32.7% |
| Income taxes | 67/77 | €533 | €495 | -€38 | -7.1% |
| Profit (loss) for the period | 9904 | €115,114 | €152,972 | +€37,858 | +32.9% |
| Profit (loss) for the period to be appropriated | 9905 | €115,114 | €152,972 | +€37,858 | +32.9% |
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 14 October 2026 via checked.be.