L.E.D. TECHNO: what changed
Two fiscal 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.
What changed
L.E.D. TECHNO
NACE 46.900, Non-specialised wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€334,322
2024 · €70,352+€263,970
Equity
€2.2m
2024 · €1.8m+€334,322
Cash
€631,487
2024 · €237,608+€393,878
Balance sheet total
€4.0m
2024 · €3.7m+€299,564
Largest movements
Assets
- Cash +€393,878
up €393,878 (+165.8%), from €237,608 to €631,487
mainly Net result for the year (+€334,322) and Tax, wage and social debts (+€85,728)
- Tangible fixed assets -€42,300
down €42,300 (-17.9%), from €236,824 to €194,525
Equity and liabilities
- Profit (loss) carried forward +€334,322
up €334,322 (+19.2%), from €1.7m to €2.1m
- Trade debts -€161,942
down €161,942 (-13.8%), from €1.2m to €1.0m
- Tax, wage and social debts +€85,728
up €85,728 (+30.0%), from €285,598 to €371,326
of which Taxes: +€65,460
Income statement
- Gross operating margin +€448,298
up €448,298 (+26.3%), from €1.7m to €2.2m
- Taxes +€95,303
up €95,303 (+240.5%), from €39,622 to €134,925
- Staff costs +€79,591
up €79,591 (+5.1%), from €1.6m to €1.6m
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.
Result 2024
€70,352
Gross operating margin
+€448,298
Staff costs
-€79,591
Depreciation
-€9,992
Write-downs
+€713
Other operating charges
+€1,047
Other operating items
-€90
Financial income
+€1,884
Financial charges
-€2,996
Taxes
-€95,303
Result 2025
€334,322
Cash bridge derived
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.
From operations
+€405,583
Investment
-€11,705
Financing
€0
Cash 2024
€237,608
From operations (derived)
+€405,583
Net result for the year
+€334,322
Depreciation
+€58,555
Stocks and contracts
+€38,814
Receivables within one year
+€8,651
Trade debts
-€161,942
Tax, wage and social debts
+€85,728
Advances received
+€11,198
Other debts
+€17,282
Accrued charges and deferred income
+€12,976
Investment (derived)
-€11,705
Investment in fixed assets (net)
-€11,705
Cash 2025
€631,487
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,666,330 | €3,965,894 | +€299,564 | +8.2% |
| Fixed assets | 21/28 | €261,481 | €214,631 | -€46,850 | -17.9% |
| Intangible fixed assets | 21 | €24,657 | €19,907 | -€4,750 | -19.3% |
| Tangible fixed assets | 22/27 | €236,824 | €194,525 | -€42,300 | -17.9% |
| Plant, machinery and equipment | 23 | €80,017 | €61,819 | -€18,198 | -22.7% |
| Furniture and vehicles | 24 | €124,721 | €107,251 | -€17,470 | -14.0% |
| Other tangible fixed assets | 26 | €32,086 | €25,454 | -€6,632 | -20.7% |
| Financial fixed assets | 28 | - | €200 | +€200 | |
| Current assets | 29/58 | €3,404,849 | €3,751,262 | +€346,414 | +10.2% |
| Stocks and contracts in progress | 3 | €1,763,166 | €1,724,352 | -€38,814 | -2.2% |
| Stocks | 30/36 | €1,763,166 | €1,724,352 | -€38,814 | -2.2% |
| Amounts receivable within one year | 40/41 | €1,404,074 | €1,395,423 | -€8,651 | -0.6% |
| Trade receivables | 40 | €1,295,889 | €1,350,764 | +€54,875 | +4.2% |
| Other amounts receivable | 41 | €108,186 | €44,659 | -€63,526 | -58.7% |
| Cash at bank and in hand | 54/58 | €237,608 | €631,487 | +€393,878 | +165.8% |
| Total equity and liabilities | 10/49 | €3,666,330 | €3,965,894 | +€299,564 | +8.2% |
| Equity | 10/15 | €1,825,105 | €2,159,427 | +€334,322 | +18.3% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €24,947 | €24,947 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,738,657 | €2,072,979 | +€334,322 | +19.2% |
| Amounts payable | 17/49 | €1,841,225 | €1,806,467 | -€34,758 | -1.9% |
| Amounts payable within one year | 42/48 | €1,841,225 | €1,793,491 | -€47,734 | -2.6% |
| Trade debts | 44 | €1,174,389 | €1,012,447 | -€161,942 | -13.8% |
| Suppliers | 440/4 | €1,174,389 | €1,012,447 | -€161,942 | -13.8% |
| Advances received on contracts in progress | 46 | €41,082 | €52,279 | +€11,198 | +27.3% |
| Taxes, remuneration and social security | 45 | €285,598 | €371,326 | +€85,728 | +30.0% |
| Taxes | 450/3 | €108,886 | €174,346 | +€65,460 | +60.1% |
| Remuneration and social security | 454/9 | €176,712 | €196,981 | +€20,268 | +11.5% |
| Other amounts payable | 47/48 | €340,156 | €357,439 | +€17,282 | +5.1% |
| Accrued charges and deferred income | 492/3 | - | €12,976 | +€12,976 | |
| Non-recurring operating income | 76A | €32,635 | €52,492 | +€19,857 | +60.8% |
| Remuneration, social security and pensions | 62 | €1,552,105 | €1,631,697 | +€79,591 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,563 | €58,555 | +€9,992 | +20.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €713 | - | -€713 | |
| Other operating charges | 640/8 | €4,210 | €3,163 | -€1,047 | -24.9% |
| Non-recurring operating charges | 66A | - | €90 | +€90 | |
| Gross operating margin | 9900 | €1,705,082 | €2,153,380 | +€448,298 | +26.3% |
| Operating profit (loss) | 9901 | €99,491 | €459,876 | +€360,385 | +362.2% |
| Financial income | 75/76B | €29,655 | €31,539 | +€1,884 | +6.4% |
| Recurring financial income | 75 | €29,655 | €31,539 | +€1,884 | +6.4% |
| Financial charges | 65/66B | €19,172 | €22,168 | +€2,996 | +15.6% |
| Recurring financial charges | 65 | €19,172 | €22,168 | +€2,996 | +15.6% |
| Profit (loss) for the period before taxes | 9903 | €109,974 | €469,247 | +€359,273 | +326.7% |
| Income taxes | 67/77 | €39,622 | €134,925 | +€95,303 | +240.5% |
| Profit (loss) for the period | 9904 | €70,352 | €334,322 | +€263,970 | +375.2% |
| Profit (loss) for the period to be appropriated | 9905 | €70,352 | €334,322 | +€263,970 | +375.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.