LED life: 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 life
Largest movements
- Tangible fixed assets -€51,625
down €51,625 (-2.1%), from €2.4m to €2.4m
of which Land and buildings: -€46,955
- Debts after one year -€81,801
down €81,801 (-8.9%), from €919,291 to €837,490
of which Financial debts: -€81,801
- Profit (loss) carried forward +€27,308
up €27,308 (+41.1%), from -€66,417 to -€39,109
- Gross operating margin +€10,563
up €10,563 (+11.6%), from €90,667 to €101,229
- Financial charges -€2,908
down €2,908 (-16.1%), from €18,084 to €15,176
- Taxes +€2,305
new in 2025: €2,305
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,440,556 | €2,386,226 | -€54,329 | -2.2% |
| Fixed assets | 21/28 | €2,437,852 | €2,386,226 | -€51,625 | -2.1% |
| Tangible fixed assets | 22/27 | €2,437,852 | €2,386,226 | -€51,625 | -2.1% |
| Land and buildings | 22 | €2,403,003 | €2,356,048 | -€46,955 | -2.0% |
| Other tangible fixed assets | 26 | €34,849 | €30,179 | -€4,671 | -13.4% |
| Current assets | 29/58 | €2,704 | - | -€2,704 | |
| Cash at bank and in hand | 54/58 | €2,704 | - | -€2,704 | |
| Total equity and liabilities | 10/49 | €2,440,556 | €2,386,226 | -€54,329 | -2.2% |
| Equity | 10/15 | €8,583 | €35,891 | +€27,308 | +318.2% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,417 | -€39,109 | +€27,308 | +41.1% |
| Amounts payable | 17/49 | €2,431,973 | €2,350,336 | -€81,637 | -3.4% |
| Amounts payable after more than one year | 17 | €919,291 | €837,490 | -€81,801 | -8.9% |
| Financial debts | 170/4 | €308,142 | €226,341 | -€81,801 | -26.5% |
| Other amounts payable | 178/9 | €611,149 | €611,149 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,512,682 | €1,512,846 | +€164 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €99,499 | €81,801 | -€17,699 | -17.8% |
| Financial debts | 43 | - | €15,910 | +€15,910 | |
| Credit institutions | 430/8 | - | €15,910 | +€15,910 | |
| Other amounts payable | 47/48 | €1,413,183 | €1,415,135 | +€1,953 | +0.1% |
| Non-recurring operating income | 76A | €4,283 | €3,570 | -€713 | -16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,625 | €51,625 | = | 0.0% |
| Other operating charges | 640/8 | €4,655 | €4,815 | +€160 | +3.4% |
| Gross operating margin | 9900 | €90,667 | €101,229 | +€10,563 | +11.6% |
| Operating profit (loss) | 9901 | €34,386 | €44,789 | +€10,403 | +30.3% |
| Financial charges | 65/66B | €18,084 | €15,176 | -€2,908 | -16.1% |
| Recurring financial charges | 65 | €18,084 | €15,176 | -€2,908 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €16,303 | €29,613 | +€13,310 | +81.6% |
| Income taxes | 67/77 | - | €2,305 | +€2,305 | |
| Profit (loss) for the period | 9904 | €16,303 | €27,308 | +€11,005 | +67.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,303 | €27,308 | +€11,005 | +67.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.