Intelligent 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.
Intelligent LEDs
Largest movements
- Receivables within one year -€121,543
down €121,543 (-51.5%), from €236,220 to €114,677
of which Trade receivables: -€121,543
- Receivables after one year +€23,020
up €23,020 (+176%), from €13,100 to €36,120
- Stocks and contracts +€22,000
new in 2025: €22,000
- Cash -€18,988
down €18,988 (-35.1%), from €54,031 to €35,043
mainly Advances received (-€95,437) and Receivables after one year (-€23,020)
- Tangible fixed assets -€11,438
down €11,438 (-37.1%), from €30,843 to €19,406
of which Furniture and vehicles: -€9,989
- Advances received -€95,437
down €95,437 (-64.3%), from €148,539 to €53,102
- Short-term financial debts +€14,295
new in 2025: €14,295
- Trade debts -€9,651
down €9,651 (-6.0%), from €160,549 to €150,898
- Debts after one year -€7,216
down €7,216 (-45.3%), from €15,944 to €8,728
- Profit (loss) carried forward -€5,554
down €5,554 (-457%), from -€1,216 to -€6,771
- Gross operating margin -€3,440
down €3,440 (-27.2%), from €12,662 to €9,222
- Taxes -€946
down €946 (-74.9%), from €1,263 to €317
- Other operating charges +€384
up €384 (+47.7%), from €806 to €1,190
- Financial income +€307
up €307 (+53.1%), from €578 to €885
- Depreciation +€258
up €258 (+2.3%), from €11,180 to €11,438
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 | €349,694 | €244,556 | -€105,138 | -30.1% |
| Fixed assets | 21/28 | €46,113 | €34,676 | -€11,438 | -24.8% |
| Tangible fixed assets | 22/27 | €30,843 | €19,406 | -€11,438 | -37.1% |
| Plant, machinery and equipment | 23 | €627 | €243 | -€384 | -61.3% |
| Furniture and vehicles | 24 | €20,735 | €10,746 | -€9,989 | -48.2% |
| Other tangible fixed assets | 26 | €9,481 | €8,417 | -€1,064 | -11.2% |
| Financial fixed assets | 28 | €15,270 | €15,270 | = | 0.0% |
| Current assets | 29/58 | €303,580 | €209,880 | -€93,700 | -30.9% |
| Amounts receivable after more than one year | 29 | €13,100 | €36,120 | +€23,020 | +176% |
| Other amounts receivable | 291 | €13,100 | €36,120 | +€23,020 | +176% |
| Stocks and contracts in progress | 3 | - | €22,000 | +€22,000 | |
| Stocks | 30/36 | - | €22,000 | +€22,000 | |
| Amounts receivable within one year | 40/41 | €236,220 | €114,677 | -€121,543 | -51.5% |
| Trade receivables | 40 | €236,118 | €114,575 | -€121,543 | -51.5% |
| Other amounts receivable | 41 | €102 | €102 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €54,031 | €35,043 | -€18,988 | -35.1% |
| Deferred charges and accrued income | 490/1 | €229 | €2,040 | +€1,811 | +790% |
| Total equity and liabilities | 10/49 | €349,694 | €244,556 | -€105,138 | -30.1% |
| Equity | 10/15 | €5,022 | -€533 | -€5,554 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €38 | €38 | = | 0.0% |
| Non-distributable reserves | 130/1 | €38 | €38 | = | 0.0% |
| Reserves not available under the articles | 1311 | €38 | €38 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,216 | -€6,771 | -€5,554 | -457% |
| Amounts payable | 17/49 | €344,672 | €245,088 | -€99,584 | -28.9% |
| Amounts payable after more than one year | 17 | €15,944 | €8,728 | -€7,216 | -45.3% |
| Financial debts | 170/4 | €15,944 | €8,728 | -€7,216 | -45.3% |
| Amounts payable within one year | 42/48 | €328,728 | €236,360 | -€92,368 | -28.1% |
| Current portion of amounts payable after more than one year | 42 | €5,864 | €6,672 | +€808 | +13.8% |
| Financial debts | 43 | - | €14,295 | +€14,295 | |
| Credit institutions | 430/8 | - | €14,295 | +€14,295 | |
| Trade debts | 44 | €160,549 | €150,898 | -€9,651 | -6.0% |
| Suppliers | 440/4 | €160,549 | €150,898 | -€9,651 | -6.0% |
| Advances received on contracts in progress | 46 | €148,539 | €53,102 | -€95,437 | -64.3% |
| Taxes, remuneration and social security | 45 | €13,720 | €11,390 | -€2,330 | -17.0% |
| Taxes | 450/3 | €13,720 | €11,390 | -€2,330 | -17.0% |
| Other amounts payable | 47/48 | €57 | €4 | -€52 | -92.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,180 | €11,438 | +€258 | +2.3% |
| Other operating charges | 640/8 | €806 | €1,190 | +€384 | +47.7% |
| Gross operating margin | 9900 | €12,662 | €9,222 | -€3,440 | -27.2% |
| Operating profit (loss) | 9901 | €676 | -€3,405 | -€4,082 | |
| Financial income | 75/76B | €578 | €885 | +€307 | +53.1% |
| Recurring financial income | 75 | €578 | €885 | +€307 | +53.1% |
| Financial charges | 65/66B | €2,582 | €2,717 | +€136 | +5.3% |
| Recurring financial charges | 65 | €2,582 | €2,717 | +€136 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,327 | -€5,237 | -€3,910 | -295% |
| Income taxes | 67/77 | €1,263 | €317 | -€946 | -74.9% |
| Profit (loss) for the period | 9904 | -€2,590 | -€5,554 | -€2,964 | -114% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,590 | -€5,554 | -€2,964 | -114% |
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 23 October 2026 via checked.be.