LED2V: 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.
LED2V
Largest movements
- Receivables within one year -€43,672
down €43,672 (-67.5%), from €64,696 to €21,023
of which Trade receivables: -€35,324
- Trade debts -€45,119
down €45,119 (-96.0%), from €47,021 to €1,902
- Profit (loss) carried forward +€2,233
up €2,233 (+21.2%), from €10,512 to €12,745
- Tax, wage and social debts -€663
down €663 (-29.5%), from €2,250 to €1,587
- Gross operating margin -€5,643
down €5,643 (-60.5%), from €9,334 to €3,691
- Taxes -€1,292
down €1,292 (-57.4%), from €2,252 to €960
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 | €65,977 | €22,433 | -€43,544 | -66.0% |
| Fixed assets | 21/28 | €225 | €225 | = | 0.0% |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €65,752 | €22,208 | -€43,544 | -66.2% |
| Amounts receivable within one year | 40/41 | €64,696 | €21,023 | -€43,672 | -67.5% |
| Trade receivables | 40 | €56,348 | €21,023 | -€35,324 | -62.7% |
| Other amounts receivable | 41 | €8,348 | - | -€8,348 | |
| Cash at bank and in hand | 54/58 | €1,056 | €1,185 | +€129 | +12.2% |
| Total equity and liabilities | 10/49 | €65,977 | €22,433 | -€43,544 | -66.0% |
| Equity | 10/15 | €16,512 | €18,745 | +€2,233 | +13.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,512 | €12,745 | +€2,233 | +21.2% |
| Amounts payable | 17/49 | €49,464 | €3,688 | -€45,776 | -92.5% |
| Amounts payable within one year | 42/48 | €49,271 | €3,488 | -€45,782 | -92.9% |
| Trade debts | 44 | €47,021 | €1,902 | -€45,119 | -96.0% |
| Suppliers | 440/4 | €47,021 | €1,902 | -€45,119 | -96.0% |
| Taxes, remuneration and social security | 45 | €2,250 | €1,587 | -€663 | -29.5% |
| Taxes | 450/3 | €2,250 | €1,587 | -€663 | -29.5% |
| Accrued charges and deferred income | 492/3 | €194 | €200 | +€6 | +3.2% |
| Other operating charges | 640/8 | €386 | €394 | +€8 | +2.0% |
| Gross operating margin | 9900 | €9,334 | €3,691 | -€5,643 | -60.5% |
| Operating profit (loss) | 9901 | €8,948 | €3,297 | -€5,651 | -63.2% |
| Financial charges | 65/66B | €104 | €104 | = | 0.0% |
| Recurring financial charges | 65 | €104 | €104 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €8,844 | €3,193 | -€5,651 | -63.9% |
| Income taxes | 67/77 | €2,252 | €960 | -€1,292 | -57.4% |
| Profit (loss) for the period | 9904 | €6,591 | €2,233 | -€4,359 | -66.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,591 | €2,233 | -€4,359 | -66.1% |
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 13 October 2026 via checked.be.