LED-TOOLS: what changed
Two fiscal 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-TOOLS
Largest movements
- Receivables within one year +€7,837
up €7,837 (+111.2%), from €7,045 to €14,882
- Cash -€6,806
no longer reported in 2025 (was €6,806)
mainly Receivables within one year (-€7,837) and Investment in fixed assets (net) (-€2,611)
- Tangible fixed assets +€1,711
up €1,711 (+291.5%), from €587 to €2,297
of which Plant, machinery and equipment: +€1,815
- Profit (loss) carried forward +€4,074
up €4,074 (+8.3%), from -€49,254 to -€45,179
- Tax, wage and social debts -€1,407
down €1,407 (-14.9%), from €9,442 to €8,035
- Other debts -€1,324
down €1,324 (-3.6%), from €36,486 to €35,161
- Trade debts +€742
up €742 (+4.2%), from €17,764 to €18,506
- Short-term financial debts +€582
new in 2025: €582
- Gross operating margin +€5,454
up €5,454 (+119.4%), from €4,568 to €10,022
- Other operating charges -€1,105
down €1,105 (-55.4%), from €1,995 to €890
- Taxes +€934
up €934 (+105.8%), from €883 to €1,816
- Financial charges -€474
down €474 (-14.7%), from €3,221 to €2,747
- Depreciation -€227
down €227 (-20.2%), from €1,128 to €900
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 | €14,438 | €17,179 | +€2,741 | +19.0% |
| Fixed assets | 21/28 | €587 | €2,297 | +€1,711 | +291.5% |
| Tangible fixed assets | 22/27 | €587 | €2,297 | +€1,711 | +291.5% |
| Plant, machinery and equipment | 23 | €482 | €2,297 | +€1,815 | +376.5% |
| Other tangible fixed assets | 26 | €105 | - | -€105 | |
| Current assets | 29/58 | €13,851 | €14,882 | +€1,030 | +7.4% |
| Amounts receivable within one year | 40/41 | €7,045 | €14,882 | +€7,837 | +111.2% |
| Trade receivables | 40 | €7,045 | €14,882 | +€7,837 | +111.2% |
| Cash at bank and in hand | 54/58 | €6,806 | - | -€6,806 | |
| Total equity and liabilities | 10/49 | €14,438 | €17,179 | +€2,741 | +19.0% |
| Equity | 10/15 | -€49,254 | -€45,179 | +€4,074 | +8.3% |
| Profit (loss) carried forward | 14 | -€49,254 | -€45,179 | +€4,074 | +8.3% |
| Amounts payable | 17/49 | €63,692 | €62,358 | -€1,334 | -2.1% |
| Amounts payable within one year | 42/48 | €63,692 | €62,285 | -€1,407 | -2.2% |
| Financial debts | 43 | - | €582 | +€582 | |
| Credit institutions | 430/8 | - | €582 | +€582 | |
| Trade debts | 44 | €17,764 | €18,506 | +€742 | +4.2% |
| Suppliers | 440/4 | €17,764 | €18,506 | +€742 | +4.2% |
| Taxes, remuneration and social security | 45 | €9,442 | €8,035 | -€1,407 | -14.9% |
| Taxes | 450/3 | €9,442 | €8,035 | -€1,407 | -14.9% |
| Other amounts payable | 47/48 | €36,486 | €35,161 | -€1,324 | -3.6% |
| Accrued charges and deferred income | 492/3 | - | €73 | +€73 | |
| Non-recurring operating income | 76A | €2,000 | €200 | -€1,800 | -90.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,128 | €900 | -€227 | -20.2% |
| Other operating charges | 640/8 | €1,995 | €890 | -€1,105 | -55.4% |
| Gross operating margin | 9900 | €4,568 | €10,022 | +€5,454 | +119.4% |
| Operating profit (loss) | 9901 | €1,445 | €8,232 | +€6,787 | +469.6% |
| Financial income | 75/76B | €350 | €406 | +€56 | +16.1% |
| Recurring financial income | 75 | €350 | €406 | +€56 | +16.1% |
| Financial charges | 65/66B | €3,221 | €2,747 | -€474 | -14.7% |
| Recurring financial charges | 65 | €3,221 | €2,747 | -€474 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,426 | €5,891 | +€7,317 | |
| Income taxes | 67/77 | €883 | €1,816 | +€934 | +105.8% |
| Profit (loss) for the period | 9904 | -€2,309 | €4,074 | +€6,383 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,309 | €4,074 | +€6,383 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.