LEDify: 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.
LEDify
Largest movements
- Cash +€503,807
up €503,807 (+432%), from €116,611 to €620,418
mainly Current investments (+€362,222) and Net result for the year (+€298,816)
- Current investments -€362,222
down €362,222 (-91.1%), from €397,455 to €35,234
- Tangible fixed assets +€102,120
up €102,120 (+32.9%), from €310,790 to €412,910
of which Furniture and vehicles: +€75,184
- Receivables within one year +€37,923
up €37,923 (+76.3%), from €49,694 to €87,617
of which Trade receivables: +€33,485
- Reserves +€298,816
up €298,816 (+69.0%), from €433,148 to €731,965
of which Distributable reserves: +€172,516
- Other debts -€135,866
down €135,866 (-36.9%), from €367,939 to €232,073
- Trade debts +€76,339
up €76,339 (+448%), from €17,051 to €93,390
- Debts after one year +€23,779
up €23,779, from €0 to €23,779
- Tax, wage and social debts +€21,419
up €21,419 (+74.8%), from €28,631 to €50,050
of which Taxes: +€19,699
- Depreciation -€38,529
down €38,529 (-20.3%), from €189,528 to €150,999
- Gross operating margin +€22,603
up €22,603 (+3.7%), from €610,348 to €632,951
- Financial charges +€7,939
up €7,939 (+96.1%), from €8,262 to €16,201
- Taxes +€7,674
up €7,674 (+9.6%), from €80,328 to €88,002
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 | €878,418 | €1,163,239 | +€284,821 | +32.4% |
| Fixed assets | 21/28 | €310,790 | €412,910 | +€102,120 | +32.9% |
| Tangible fixed assets | 22/27 | €310,790 | €412,910 | +€102,120 | +32.9% |
| Plant, machinery and equipment | 23 | €292,831 | €320,005 | +€27,174 | +9.3% |
| Furniture and vehicles | 24 | €17,721 | €92,905 | +€75,184 | +424% |
| Other tangible fixed assets | 26 | €238 | €0 | -€238 | -100% |
| Current assets | 29/58 | €567,628 | €750,329 | +€182,701 | +32.2% |
| Amounts receivable within one year | 40/41 | €49,694 | €87,617 | +€37,923 | +76.3% |
| Trade receivables | 40 | €49,694 | €83,178 | +€33,485 | +67.4% |
| Other amounts receivable | 41 | €0 | €4,438 | +€4,438 | |
| Current investments | 50/53 | €397,455 | €35,234 | -€362,222 | -91.1% |
| Cash at bank and in hand | 54/58 | €116,611 | €620,418 | +€503,807 | +432% |
| Deferred charges and accrued income | 490/1 | €3,869 | €7,061 | +€3,193 | +82.5% |
| Total equity and liabilities | 10/49 | €878,418 | €1,163,239 | +€284,821 | +32.4% |
| Equity | 10/15 | €458,148 | €756,965 | +€298,816 | +65.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €433,148 | €731,965 | +€298,816 | +69.0% |
| Tax-exempt reserves | 132 | - | €126,300 | +€126,300 | |
| Distributable reserves | 133 | €433,148 | €605,665 | +€172,516 | +39.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €420,270 | €406,274 | -€13,996 | -3.3% |
| Amounts payable after more than one year | 17 | €0 | €23,779 | +€23,779 | |
| Financial debts | 170/4 | €0 | €23,779 | +€23,779 | |
| Amounts payable within one year | 42/48 | €420,270 | €382,495 | -€37,775 | -9.0% |
| Current portion of amounts payable after more than one year | 42 | €6,650 | €6,982 | +€333 | +5.0% |
| Trade debts | 44 | €17,051 | €93,390 | +€76,339 | +448% |
| Suppliers | 440/4 | €17,051 | €93,390 | +€76,339 | +448% |
| Taxes, remuneration and social security | 45 | €28,631 | €50,050 | +€21,419 | +74.8% |
| Taxes | 450/3 | €12,631 | €32,331 | +€19,699 | +156% |
| Remuneration and social security | 454/9 | €16,000 | €17,720 | +€1,720 | +10.8% |
| Other amounts payable | 47/48 | €367,939 | €232,073 | -€135,866 | -36.9% |
| Non-recurring operating income | 76A | - | €1,115 | +€1,115 | |
| Remuneration, social security and pensions | 62 | €77,231 | €82,309 | +€5,078 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €189,528 | €150,999 | -€38,529 | -20.3% |
| Other operating charges | 640/8 | €3,622 | €3,665 | +€43 | +1.2% |
| Non-recurring operating charges | 66A | €0 | €1,108 | +€1,108 | |
| Gross operating margin | 9900 | €610,348 | €632,951 | +€22,603 | +3.7% |
| Operating profit (loss) | 9901 | €339,966 | €394,869 | +€54,903 | +16.1% |
| Financial income | 75/76B | €5,162 | €8,150 | +€2,988 | +57.9% |
| Recurring financial income | 75 | €5,162 | €8,150 | +€2,988 | +57.9% |
| Financial charges | 65/66B | €8,262 | €16,201 | +€7,939 | +96.1% |
| Recurring financial charges | 65 | €8,262 | €16,201 | +€7,939 | +96.1% |
| Profit (loss) for the period before taxes | 9903 | €336,867 | €386,819 | +€49,952 | +14.8% |
| Income taxes | 67/77 | €80,328 | €88,002 | +€7,674 | +9.6% |
| Profit (loss) for the period | 9904 | €256,538 | €298,816 | +€42,278 | +16.5% |
| Transfer to tax-exempt reserves | 689 | - | €126,300 | +€126,300 | |
| Profit (loss) for the period to be appropriated | 9905 | €256,538 | €172,516 | -€84,022 | -32.8% |
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 25 October 2026 via checked.be.