EURO-LEDS: 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.
EURO-LEDS
Largest movements
- Cash -€2,566
down €2,566 (-33.9%), from €7,573 to €5,007
mainly Other debts (-€8,364) and Receivables within one year (-€1,351)
- Tangible fixed assets -€1,934
down €1,934 (-13.1%), from €14,727 to €12,793
of which Furniture and vehicles: -€980
- Receivables within one year +€1,351
new in 2025: €1,351
- Deferred charges and accrued income +€840
new in 2025: €840
- Other debts -€8,364
down €8,364 (-45.5%), from €18,399 to €10,035
- Profit (loss) carried forward +€4,363
up €4,363 (+54.2%), from -€8,044 to -€3,682
- Tax, wage and social debts +€1,322
up €1,322 (+106%), from €1,252 to €2,574
- Trade debts +€396
up €396 (+306%), from €129 to €525
- Gross operating margin -€2,833
down €2,833 (-24.2%), from €11,714 to €8,881
- Taxes +€1,503
up €1,503 (+336%), from €448 to €1,951
- Other operating charges -€370
down €370 (-41.6%), from €890 to €520
- Financial charges -€121
down €121 (-51.6%), from €235 to €114
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 | €22,300 | €19,991 | -€2,309 | -10.4% |
| Fixed assets | 21/28 | €14,727 | €12,793 | -€1,934 | -13.1% |
| Tangible fixed assets | 22/27 | €14,727 | €12,793 | -€1,934 | -13.1% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €6,658 | €5,678 | -€980 | -14.7% |
| Other tangible fixed assets | 26 | €8,069 | €7,115 | -€954 | -11.8% |
| Current assets | 29/58 | €7,573 | €7,198 | -€375 | -5.0% |
| Amounts receivable within one year | 40/41 | - | €1,351 | +€1,351 | |
| Trade receivables | 40 | - | €1,351 | +€1,351 | |
| Cash at bank and in hand | 54/58 | €7,573 | €5,007 | -€2,566 | -33.9% |
| Deferred charges and accrued income | 490/1 | - | €840 | +€840 | |
| Total equity and liabilities | 10/49 | €22,300 | €19,991 | -€2,309 | -10.4% |
| Equity | 10/15 | €2,493 | €6,856 | +€4,363 | +175% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €4,338 | €4,338 | = | 0.0% |
| Distributable reserves | 133 | €4,338 | €4,338 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,044 | -€3,682 | +€4,363 | +54.2% |
| Amounts payable | 17/49 | €19,806 | €13,135 | -€6,672 | -33.7% |
| Amounts payable within one year | 42/48 | €19,780 | €13,135 | -€6,646 | -33.6% |
| Trade debts | 44 | €129 | €525 | +€396 | +306% |
| Suppliers | 440/4 | €129 | €525 | +€396 | +306% |
| Taxes, remuneration and social security | 45 | €1,252 | €2,574 | +€1,322 | +106% |
| Taxes | 450/3 | €1,252 | €2,574 | +€1,322 | +106% |
| Other amounts payable | 47/48 | €18,399 | €10,035 | -€8,364 | -45.5% |
| Accrued charges and deferred income | 492/3 | €26 | - | -€26 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,934 | €1,934 | = | 0.0% |
| Other operating charges | 640/8 | €890 | €520 | -€370 | -41.6% |
| Gross operating margin | 9900 | €11,714 | €8,881 | -€2,833 | -24.2% |
| Operating profit (loss) | 9901 | €8,890 | €6,427 | -€2,463 | -27.7% |
| Financial income | 75/76B | €38 | €0 | -€38 | -99.7% |
| Recurring financial income | 75 | €38 | €0 | -€38 | -99.7% |
| Financial charges | 65/66B | €235 | €114 | -€121 | -51.6% |
| Recurring financial charges | 65 | €235 | €114 | -€121 | -51.6% |
| Profit (loss) for the period before taxes | 9903 | €8,694 | €6,314 | -€2,380 | -27.4% |
| Income taxes | 67/77 | €448 | €1,951 | +€1,503 | +336% |
| Profit (loss) for the period | 9904 | €8,246 | €4,363 | -€3,883 | -47.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,246 | €4,363 | -€3,883 | -47.1% |
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 30 October 2026 via checked.be.