LED IN BE: 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 IN BE
Largest movements
- Receivables within one year +€31,050
up €31,050 (+319%), from €9,741 to €40,791
of which Trade receivables: +€31,991
- Cash +€26,977
up €26,977 (+10,868%), from €248 to €27,226
mainly Net result for the year (+€51,508) and Tax, wage and social debts (+€6,246)
- Profit (loss) carried forward +€51,508
up €51,508 (+98.5%), from -€52,271 to -€764
- Tax, wage and social debts +€6,246
new in 2025: €6,246
- Gross operating margin +€53,608
up €53,608, from -€634 to €52,974
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 | €12,871 | €70,469 | +€57,598 | +448% |
| Fixed assets | 21/28 | €2,882 | €2,453 | -€429 | -14.9% |
| Tangible fixed assets | 22/27 | €929 | €500 | -€429 | -46.2% |
| Furniture and vehicles | 24 | €929 | €500 | -€429 | -46.2% |
| Financial fixed assets | 28 | €1,953 | €1,953 | = | 0.0% |
| Current assets | 29/58 | €9,989 | €68,016 | +€58,027 | +581% |
| Amounts receivable within one year | 40/41 | €9,741 | €40,791 | +€31,050 | +319% |
| Trade receivables | 40 | €8,800 | €40,791 | +€31,991 | +364% |
| Other amounts receivable | 41 | €941 | - | -€941 | |
| Cash at bank and in hand | 54/58 | €248 | €27,226 | +€26,977 | +10,868% |
| Total equity and liabilities | 10/49 | €12,871 | €70,469 | +€57,598 | +448% |
| Equity | 10/15 | -€33,671 | €17,836 | +€51,508 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,271 | -€764 | +€51,508 | +98.5% |
| Amounts payable | 17/49 | €46,542 | €52,633 | +€6,091 | +13.1% |
| Amounts payable within one year | 42/48 | €46,542 | €52,633 | +€6,091 | +13.1% |
| Trade debts | 44 | €1,441 | €1,275 | -€166 | -11.5% |
| Suppliers | 440/4 | €1,441 | €1,275 | -€166 | -11.5% |
| Taxes, remuneration and social security | 45 | - | €6,246 | +€6,246 | |
| Taxes | 450/3 | - | €6,246 | +€6,246 | |
| Other amounts payable | 47/48 | €45,102 | €45,112 | +€11 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €357 | €429 | +€71 | +20.0% |
| Other operating charges | 640/8 | €467 | €500 | +€32 | +6.9% |
| Gross operating margin | 9900 | -€634 | €52,974 | +€53,608 | |
| Operating profit (loss) | 9901 | -€1,458 | €52,045 | +€53,504 | |
| Financial charges | 65/66B | €100 | €80 | -€20 | -19.9% |
| Recurring financial charges | 65 | €100 | €80 | -€20 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,558 | €51,966 | +€53,524 | |
| Income taxes | 67/77 | - | €458 | +€458 | |
| Profit (loss) for the period | 9904 | -€1,558 | €51,508 | +€53,066 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,558 | €51,508 | +€53,066 |
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 17 October 2026 via checked.be.