LED ENERGY: 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.
LED ENERGY
Largest movements
- Receivables within one year -€551,607
down €551,607 (-31.3%), from €1.8m to €1.2m
of which Other amounts receivable: -€610,784
- Receivables after one year -€152,400
down €152,400 (-96.6%), from €157,835 to €5,435
- Stocks and contracts -€49,667
down €49,667 (-99.9%), from €49,740 to €72
- Reserves -€733,148
down €733,148 (-53.4%), from €1.4m to €639,497
of which Distributable reserves: -€733,148
- Other debts +€142,660
up €142,660 (+601%), from €23,749 to €166,409
- Tax, wage and social debts -€90,721
down €90,721 (-36.6%), from €248,059 to €157,338
of which Taxes: -€60,695
- Trade debts -€89,515
down €89,515 (-14.2%), from €631,909 to €542,394
- Gross operating margin -€960,492
down €960,492, from €676,535 to -€283,958
- Staff costs -€186,408
down €186,408 (-30.9%), from €603,666 to €417,258
- Taxes -€25,242
down €25,242 (-97.9%), from €25,777 to €535
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,294,963 | €1,524,238 | -€770,725 | -33.6% |
| Fixed assets | 21/28 | €44,308 | €35,848 | -€8,460 | -19.1% |
| Tangible fixed assets | 22/27 | €35,411 | €35,348 | -€63 | -0.2% |
| Plant, machinery and equipment | 23 | €4,828 | €1,018 | -€3,810 | -78.9% |
| Furniture and vehicles | 24 | €30,583 | €34,330 | +€3,747 | +12.3% |
| Financial fixed assets | 28 | €8,897 | €500 | -€8,397 | -94.4% |
| Current assets | 29/58 | €2,250,656 | €1,488,391 | -€762,265 | -33.9% |
| Amounts receivable after more than one year | 29 | €157,835 | €5,435 | -€152,400 | -96.6% |
| Trade receivables | 290 | €157,835 | €5,435 | -€152,400 | -96.6% |
| Stocks and contracts in progress | 3 | €49,740 | €72 | -€49,667 | -99.9% |
| Stocks | 30/36 | €49,740 | €72 | -€49,667 | -99.9% |
| Amounts receivable within one year | 40/41 | €1,760,425 | €1,208,818 | -€551,607 | -31.3% |
| Trade receivables | 40 | €281,666 | €340,843 | +€59,177 | +21.0% |
| Other amounts receivable | 41 | €1,478,759 | €867,975 | -€610,784 | -41.3% |
| Cash at bank and in hand | 54/58 | €267,352 | €267,278 | -€74 | 0.0% |
| Deferred charges and accrued income | 490/1 | €15,304 | €6,788 | -€8,517 | -55.6% |
| Total equity and liabilities | 10/49 | €2,294,963 | €1,524,238 | -€770,725 | -33.6% |
| Equity | 10/15 | €1,391,245 | €658,097 | -€733,148 | -52.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,372,645 | €639,497 | -€733,148 | -53.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,370,785 | €637,637 | -€733,148 | -53.5% |
| Amounts payable | 17/49 | €903,718 | €866,142 | -€37,577 | -4.2% |
| Amounts payable within one year | 42/48 | €903,718 | €866,142 | -€37,577 | -4.2% |
| Trade debts | 44 | €631,909 | €542,394 | -€89,515 | -14.2% |
| Suppliers | 440/4 | €631,909 | €542,394 | -€89,515 | -14.2% |
| Taxes, remuneration and social security | 45 | €248,059 | €157,338 | -€90,721 | -36.6% |
| Taxes | 450/3 | €189,925 | €129,230 | -€60,695 | -32.0% |
| Remuneration and social security | 454/9 | €58,135 | €28,108 | -€30,027 | -51.7% |
| Other amounts payable | 47/48 | €23,749 | €166,409 | +€142,660 | +601% |
| Remuneration, social security and pensions | 62 | €603,666 | €417,258 | -€186,408 | -30.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,742 | €16,250 | -€2,492 | -13.3% |
| Other operating charges | 640/8 | €17,446 | €16,744 | -€703 | -4.0% |
| Gross operating margin | 9900 | €676,535 | -€283,958 | -€960,492 | |
| Operating profit (loss) | 9901 | €36,680 | -€734,209 | -€770,889 | |
| Financial income | 75/76B | €29,406 | €24,693 | -€4,713 | -16.0% |
| Recurring financial income | 75 | €29,406 | €24,693 | -€4,713 | -16.0% |
| Financial charges | 65/66B | €26,293 | €23,097 | -€3,195 | -12.2% |
| Recurring financial charges | 65 | €26,293 | €23,097 | -€3,195 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €39,793 | -€732,613 | -€772,406 | |
| Income taxes | 67/77 | €25,777 | €535 | -€25,242 | -97.9% |
| Profit (loss) for the period | 9904 | €14,016 | -€733,148 | -€747,164 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,016 | -€733,148 | -€747,164 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.