A LED VISION: 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.
A LED VISION
Largest movements
- Cash +€10,918
new in 2024: €10,918
mainly Trade debts (+€49,799) and Short-term financial debts (+€16,577)
- Receivables within one year -€8,337
down €8,337 (-5.1%), from €162,400 to €154,063
of which Other amounts receivable: -€8,120
- Trade debts +€49,799
new in 2024: €49,799
- Tax, wage and social debts -€44,775
down €44,775 (-45.1%), from €99,269 to €54,494
of which Remuneration and social security: -€25,354
- Accrued charges and deferred income -€27,031
down €27,031 (-81.5%), from €33,153 to €6,122
- Short-term financial debts +€16,577
up €16,577 (+351.5%), from €4,716 to €21,293
- Reserves +€12,000
up €12,000 (+19.1%), from €62,855 to €74,855
of which Distributable reserves: +€12,000
- Gross operating margin -€24,736
down €24,736 (-15.8%), from €156,701 to €131,965
- Other operating charges -€7,051
down €7,051 (-69.1%), from €10,210 to €3,159
- Taxes -€5,650
down €5,650 (-42.6%), from €13,255 to €7,605
- Staff costs +€5,308
up €5,308 (+5.9%), from €89,353 to €94,661
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €333,467 | €337,263 | +€3,796 | +1.1% |
| Fixed assets | 21/28 | €114,051 | €115,266 | +€1,215 | +1.1% |
| Tangible fixed assets | 22/27 | €108,701 | €109,916 | +€1,215 | +1.1% |
| Plant, machinery and equipment | 23 | €2,152 | €1,388 | -€764 | -35.5% |
| Furniture and vehicles | 24 | €742 | €9,660 | +€8,918 | +1201.9% |
| Other tangible fixed assets | 26 | €105,807 | €98,868 | -€6,939 | -6.6% |
| Financial fixed assets | 28 | €5,350 | €5,350 | = | 0.0% |
| Current assets | 29/58 | €219,416 | €221,997 | +€2,581 | +1.2% |
| Amounts receivable after more than one year | 29 | €57,016 | €57,016 | = | 0.0% |
| Other amounts receivable | 291 | €57,016 | €57,016 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €162,400 | €154,063 | -€8,337 | -5.1% |
| Trade receivables | 40 | €39,177 | €38,960 | -€217 | -0.6% |
| Other amounts receivable | 41 | €123,223 | €115,103 | -€8,120 | -6.6% |
| Cash at bank and in hand | 54/58 | - | €10,918 | +€10,918 | |
| Total equity and liabilities | 10/49 | €333,467 | €337,263 | +€3,796 | +1.1% |
| Equity | 10/15 | €173,921 | €186,184 | +€12,263 | +7.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €62,855 | €74,855 | +€12,000 | +19.1% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €61,000 | €73,000 | +€12,000 | +19.7% |
| Profit (loss) carried forward | 14 | €92,516 | €92,779 | +€263 | +0.3% |
| Amounts payable | 17/49 | €159,546 | €151,079 | -€8,467 | -5.3% |
| Amounts payable after more than one year | 17 | €17,296 | €12,087 | -€5,209 | -30.1% |
| Financial debts | 170/4 | €17,296 | €12,087 | -€5,209 | -30.1% |
| Amounts payable within one year | 42/48 | €109,097 | €132,870 | +€23,773 | +21.8% |
| Current portion of amounts payable after more than one year | 42 | €5,112 | €5,209 | +€97 | +1.9% |
| Financial debts | 43 | €4,716 | €21,293 | +€16,577 | +351.5% |
| Credit institutions | 430/8 | €4,716 | €21,293 | +€16,577 | +351.5% |
| Trade debts | 44 | - | €49,799 | +€49,799 | |
| Suppliers | 440/4 | - | €49,799 | +€49,799 | |
| Taxes, remuneration and social security | 45 | €99,269 | €54,494 | -€44,775 | -45.1% |
| Taxes | 450/3 | €59,556 | €40,135 | -€19,421 | -32.6% |
| Remuneration and social security | 454/9 | €39,713 | €14,359 | -€25,354 | -63.8% |
| Other amounts payable | 47/48 | - | €2,075 | +€2,075 | |
| Accrued charges and deferred income | 492/3 | €33,153 | €6,122 | -€27,031 | -81.5% |
| Remuneration, social security and pensions | 62 | €89,353 | €94,661 | +€5,308 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,353 | €8,429 | -€924 | -9.9% |
| Other operating charges | 640/8 | €10,210 | €3,159 | -€7,051 | -69.1% |
| Gross operating margin | 9900 | €156,701 | €131,965 | -€24,736 | -15.8% |
| Operating profit (loss) | 9901 | €47,785 | €25,716 | -€22,069 | -46.2% |
| Financial income | 75/76B | - | €11 | +€11 | |
| Recurring financial income | 75 | - | €11 | +€11 | |
| Financial charges | 65/66B | €4,772 | €5,859 | +€1,087 | +22.8% |
| Recurring financial charges | 65 | €4,772 | €5,859 | +€1,087 | +22.8% |
| Profit (loss) for the period before taxes | 9903 | €43,013 | €19,868 | -€23,145 | -53.8% |
| Income taxes | 67/77 | €13,255 | €7,605 | -€5,650 | -42.6% |
| Profit (loss) for the period | 9904 | €29,758 | €12,263 | -€17,495 | -58.8% |
| Profit (loss) for the period to be appropriated | 9905 | €29,758 | €12,263 | -€17,495 | -58.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.