LED'S GO: 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'S GO
Largest movements
- Receivables within one year +€4,210
up €4,210 (+91.9%), from €4,580 to €8,789
of which Other amounts receivable: +€7,203
- Cash -€2,633
down €2,633 (-99.9%), from €2,636 to €3
mainly Receivables within one year (-€4,210) and Net result for the year (-€774)
- Trade debts +€2,351
up €2,351 (+440%), from €535 to €2,886
- Profit (loss) carried forward -€774
new in 2025: -€774
- Gross operating margin -€6,700
down €6,700, from €5,984 to -€716
- Depreciation -€1,884
no longer reported in 2025 (was €1,884)
- Taxes -€746
no longer reported in 2025 (was €746)
- Financial income +€311
up €311 (+748%), from €42 to €353
- Financial charges -€71
down €71 (-95.8%), from €74 to €3
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 | €7,216 | €8,793 | +€1,577 | +21.9% |
| Current assets | 29/58 | €7,216 | €8,793 | +€1,577 | +21.9% |
| Amounts receivable within one year | 40/41 | €4,580 | €8,789 | +€4,210 | +91.9% |
| Trade receivables | 40 | €2,994 | - | -€2,994 | |
| Other amounts receivable | 41 | €1,586 | €8,789 | +€7,203 | +454% |
| Cash at bank and in hand | 54/58 | €2,636 | €3 | -€2,633 | -99.9% |
| Total equity and liabilities | 10/49 | €7,216 | €8,793 | +€1,577 | +21.9% |
| Equity | 10/15 | €5,935 | €5,160 | -€774 | -13.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €2,935 | €2,935 | = | 0.0% |
| Distributable reserves | 133 | €2,935 | €2,935 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€774 | -€774 | |
| Amounts payable | 17/49 | €1,281 | €3,632 | +€2,351 | +184% |
| Amounts payable within one year | 42/48 | €1,281 | €3,632 | +€2,351 | +184% |
| Trade debts | 44 | €535 | €2,886 | +€2,351 | +440% |
| Suppliers | 440/4 | €535 | €2,886 | +€2,351 | +440% |
| Taxes, remuneration and social security | 45 | €746 | €746 | = | 0.0% |
| Taxes | 450/3 | €746 | €746 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,884 | - | -€1,884 | |
| Other operating charges | 640/8 | €387 | €408 | +€21 | +5.4% |
| Gross operating margin | 9900 | €5,984 | -€716 | -€6,700 | |
| Operating profit (loss) | 9901 | €3,713 | -€1,124 | -€4,837 | |
| Financial income | 75/76B | €42 | €353 | +€311 | +748% |
| Recurring financial income | 75 | €42 | €353 | +€311 | +748% |
| Financial charges | 65/66B | €74 | €3 | -€71 | -95.8% |
| Recurring financial charges | 65 | €74 | €3 | -€71 | -95.8% |
| Profit (loss) for the period before taxes | 9903 | €3,681 | -€774 | -€4,455 | |
| Income taxes | 67/77 | €746 | - | -€746 | |
| Profit (loss) for the period | 9904 | €2,935 | -€774 | -€3,709 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,935 | -€774 | -€3,709 |
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 15 October 2026 via checked.be.