LED-on-Immo: 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-on-Immo
Largest movements
- Cash +€52,923
up €52,923 (+31.0%), from €170,518 to €223,441
mainly Net result for the year (+€161,461) and Other debts (+€161,093)
- Tangible fixed assets -€11,082
down €11,082 (-3.7%), from €298,454 to €287,372
of which Land and buildings: -€13,192
- Receivables within one year -€9,750
down €9,750 (-68.5%), from €14,229 to €4,479
of which Trade receivables: -€5,453
- Other debts +€161,093
up €161,093 (+1,640%), from €9,822 to €170,915
- Reserves -€118,182
down €118,182 (-44.0%), from €268,683 to €150,501
- Debts after one year -€12,430
down €12,430 (-7.2%), from €173,826 to €161,396
- Tax, wage and social debts +€5,497
up €5,497 (+38.6%), from €14,239 to €19,736
of which Remuneration and social security: +€2,755
- Gross operating margin +€86,298
up €86,298 (+58.5%), from €147,443 to €233,741
- Taxes +€26,066
up €26,066 (+117%), from €22,301 to €48,367
- Financial charges -€5,708
down €5,708 (-95.0%), from €6,010 to €301
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 | €483,201 | €515,717 | +€32,515 | +6.7% |
| Fixed assets | 21/28 | €298,454 | €287,372 | -€11,082 | -3.7% |
| Tangible fixed assets | 22/27 | €298,454 | €287,372 | -€11,082 | -3.7% |
| Land and buildings | 22 | €289,013 | €275,820 | -€13,192 | -4.6% |
| Plant, machinery and equipment | 23 | €4,223 | €2,836 | -€1,387 | -32.8% |
| Furniture and vehicles | 24 | €5,219 | €8,716 | +€3,497 | +67.0% |
| Current assets | 29/58 | €184,747 | €228,344 | +€43,597 | +23.6% |
| Amounts receivable within one year | 40/41 | €14,229 | €4,479 | -€9,750 | -68.5% |
| Trade receivables | 40 | €8,800 | €3,347 | -€5,453 | -62.0% |
| Other amounts receivable | 41 | €5,429 | €1,133 | -€4,297 | -79.1% |
| Cash at bank and in hand | 54/58 | €170,518 | €223,441 | +€52,923 | +31.0% |
| Deferred charges and accrued income | 490/1 | - | €424 | +€424 | |
| Total equity and liabilities | 10/49 | €483,201 | €515,717 | +€32,515 | +6.7% |
| Equity | 10/15 | €271,183 | €153,001 | -€118,182 | -43.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €268,683 | €150,501 | -€118,182 | -44.0% |
| Distributable reserves | 133 | €268,683 | €150,501 | -€118,182 | -44.0% |
| Amounts payable | 17/49 | €212,019 | €362,716 | +€150,697 | +71.1% |
| Amounts payable after more than one year | 17 | €173,826 | €161,396 | -€12,430 | -7.2% |
| Financial debts | 170/4 | €173,826 | €161,396 | -€12,430 | -7.2% |
| Amounts payable within one year | 42/48 | €37,443 | €200,570 | +€163,127 | +436% |
| Current portion of amounts payable after more than one year | 42 | €12,081 | €7,293 | -€4,789 | -39.6% |
| Trade debts | 44 | €1,301 | €2,627 | +€1,326 | +102% |
| Suppliers | 440/4 | €1,301 | €2,627 | +€1,326 | +102% |
| Taxes, remuneration and social security | 45 | €14,239 | €19,736 | +€5,497 | +38.6% |
| Taxes | 450/3 | €14,239 | €16,980 | +€2,742 | +19.3% |
| Remuneration and social security | 454/9 | - | €2,755 | +€2,755 | |
| Other amounts payable | 47/48 | €9,822 | €170,915 | +€161,093 | +1,640% |
| Accrued charges and deferred income | 492/3 | €750 | €750 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,245 | €19,421 | +€2,176 | +12.6% |
| Other operating charges | 640/8 | €5,462 | €4,190 | -€1,272 | -23.3% |
| Gross operating margin | 9900 | €147,443 | €233,741 | +€86,298 | +58.5% |
| Operating profit (loss) | 9901 | €124,736 | €210,129 | +€85,393 | +68.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €6,010 | €301 | -€5,708 | -95.0% |
| Recurring financial charges | 65 | €6,010 | €301 | -€5,708 | -95.0% |
| Profit (loss) for the period before taxes | 9903 | €118,726 | €209,828 | +€91,102 | +76.7% |
| Income taxes | 67/77 | €22,301 | €48,367 | +€26,066 | +117% |
| Profit (loss) for the period | 9904 | €96,425 | €161,461 | +€65,036 | +67.4% |
| Profit (loss) for the period to be appropriated | 9905 | €96,425 | €161,461 | +€65,036 | +67.4% |
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 18 October 2026 via checked.be.