LED Invest: what changed
What changed
LED Invest
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€11,089
2024 · €9,972+€1,117
Equity
€1.8m
2024 · €1.8m+€11,089
Cash
€1,114
2024 · €1,865-€751
Balance sheet total
€2.9m
2024 · €2.9m+€72,898
Largest movements
Assets
- Receivables within one year +€73,500
up €73,500 (+86.5%), from €85,000 to €158,500
Equity and liabilities
- Accrued charges and deferred income +€59,925
up €59,925 (+99.6%), from €60,175 to €120,100
Income statement
- Financial charges -€1,338
down €1,338 (-2.2%), from €61,868 to €60,531
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€9,972
Services and other goods
+€157
Depreciation
+€499
Other operating charges
-€164
Financial charges
+€1,338
Taxes
-€713
Result 2025
€11,089
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€751
Investment
€0
Financing
€0
Cash 2024
€1,865
From operations (derived)
-€751
Net result for the year
+€11,089
Receivables within one year
-€73,500
Deferred charges and accrued income
-€150
Trade debts
+€220
Tax, wage and social debts
+€1,664
Accrued charges and deferred income
+€59,925
Cash 2025
€1,114
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,864,645 | €2,937,544 | +€72,898 | +2.5% |
| Fixed assets | 21/28 | €2,777,586 | €2,777,586 | = | 0.0% |
| Financial fixed assets | 28 | €2,777,586 | €2,777,586 | = | 0.0% |
| Affiliated companies | 280/1 | €2,777,586 | €2,777,586 | = | 0.0% |
| Participating interests | 280 | €2,777,586 | €2,777,586 | = | 0.0% |
| Current assets | 29/58 | €87,059 | €159,958 | +€72,898 | +83.7% |
| Amounts receivable within one year | 40/41 | €85,000 | €158,500 | +€73,500 | +86.5% |
| Trade receivables | 40 | €85,000 | €158,500 | +€73,500 | +86.5% |
| Cash at bank and in hand | 54/58 | €1,865 | €1,114 | -€751 | -40.3% |
| Deferred charges and accrued income | 490/1 | €194 | €344 | +€150 | +77.3% |
| Total equity and liabilities | 10/49 | €2,864,645 | €2,937,544 | +€72,898 | +2.5% |
| Equity | 10/15 | €1,791,607 | €1,802,696 | +€11,089 | +0.6% |
| Contributions | 10/11 | €1,753,000 | €1,753,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,607 | €49,696 | +€11,089 | +28.7% |
| Amounts payable | 17/49 | €1,073,038 | €1,134,847 | +€61,809 | +5.8% |
| Amounts payable after more than one year | 17 | €1,000,000 | €1,000,000 | = | 0.0% |
| Other amounts payable | 178/9 | €1,000,000 | €1,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €12,863 | €14,747 | +€1,884 | +14.6% |
| Trade debts | 44 | €4,640 | €4,860 | +€220 | +4.7% |
| Suppliers | 440/4 | €4,640 | €4,860 | +€220 | +4.7% |
| Taxes, remuneration and social security | 45 | €8,223 | €9,887 | +€1,664 | +20.2% |
| Taxes | 450/3 | €8,223 | €9,887 | +€1,664 | +20.2% |
| Accrued charges and deferred income | 492/3 | €60,175 | €120,100 | +€59,925 | +99.6% |
| Operating income | 70/76A | €100,000 | €100,000 | = | 0.0% |
| Turnover | 70 | €100,000 | €100,000 | = | 0.0% |
| Operating charges | 60/66A | €24,835 | €24,343 | -€492 | -2.0% |
| Services and other goods | 61 | €23,153 | €22,996 | -€157 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €499 | - | -€499 | |
| Other operating charges | 640/8 | €1,183 | €1,347 | +€164 | +13.9% |
| Operating profit (loss) | 9901 | €75,165 | €75,657 | +€492 | +0.7% |
| Financial charges | 65/66B | €61,868 | €60,531 | -€1,338 | -2.2% |
| Recurring financial charges | 65 | €61,868 | €60,531 | -€1,338 | -2.2% |
| Debt charges | 650 | €61,184 | €60,000 | -€1,183 | -1.9% |
| Other financial charges | 652/9 | €685 | €531 | -€154 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | €13,296 | €15,126 | +€1,830 | +13.8% |
| Income taxes | 67/77 | €3,324 | €4,037 | +€713 | +21.4% |
| Taxes | 670/3 | €3,324 | €4,037 | +€713 | +21.4% |
| Profit (loss) for the period | 9904 | €9,972 | €11,089 | +€1,117 | +11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,972 | €11,089 | +€1,117 | +11.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.