LEDLITE: 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.
LEDLITE
Largest movements
- Intangible fixed assets +€52,977
new in 2024: €52,977
- Receivables within one year +€25,168
up €25,168 (+21.1%), from €119,054 to €144,221
of which Trade receivables: +€27,168
- Cash -€24,131
down €24,131 (-69.9%), from €34,520 to €10,389
mainly Investment in fixed assets (net) (-€55,801) and Current portion of long-term debt (-€55,319)
- Tangible fixed assets -€10,647
down €10,647 (-51.0%), from €20,856 to €10,209
- Debts after one year +€80,021
up €80,021 (+390.9%), from €20,472 to €100,493
- Current portion of long-term debt -€55,319
down €55,319 (-65.2%), from €84,804 to €29,484
- Tax, wage and social debts +€33,539
up €33,539 (+69.3%), from €48,409 to €81,947
of which Taxes: +€34,101
- Profit (loss) carried forward -€19,902
down €19,902 (-9.5%), from -€210,047 to -€229,949
- Other debts +€15,096
up €15,096 (+43.1%), from €34,994 to €50,090
- Gross operating margin +€83,830
up €83,830 (+35.8%), from €234,218 to €318,048
- Staff costs -€64,632
down €64,632 (-16.1%), from €402,525 to €337,892
- Financial income +€5,848
up €5,848 (+22161.2%), from €26 to €5,875
- Financial charges +€4,976
up €4,976 (+18.5%), from €26,949 to €31,924
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €465,822 | €514,848 | +€49,026 | +10.5% |
| Fixed assets | 21/28 | €27,579 | €69,909 | +€42,330 | +153.5% |
| Intangible fixed assets | 21 | - | €52,977 | +€52,977 | |
| Tangible fixed assets | 22/27 | €20,856 | €10,209 | -€10,647 | -51.0% |
| Leasing and similar rights | 25 | €20,856 | €10,209 | -€10,647 | -51.0% |
| Financial fixed assets | 28 | €6,723 | €6,723 | = | 0.0% |
| Current assets | 29/58 | €438,243 | €444,939 | +€6,696 | +1.5% |
| Stocks and contracts in progress | 3 | €283,590 | €288,607 | +€5,017 | +1.8% |
| Stocks | 30/36 | €283,590 | €288,607 | +€5,017 | +1.8% |
| Amounts receivable within one year | 40/41 | €119,054 | €144,221 | +€25,168 | +21.1% |
| Trade receivables | 40 | €104,831 | €131,999 | +€27,168 | +25.9% |
| Other amounts receivable | 41 | €14,222 | €12,222 | -€2,000 | -14.1% |
| Cash at bank and in hand | 54/58 | €34,520 | €10,389 | -€24,131 | -69.9% |
| Deferred charges and accrued income | 490/1 | €1,080 | €1,721 | +€641 | +59.4% |
| Total equity and liabilities | 10/49 | €465,822 | €514,848 | +€49,026 | +10.5% |
| Equity | 10/15 | -€118,464 | -€138,366 | -€19,902 | -16.8% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €28,583 | €28,583 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,300 | €6,300 | = | 0.0% |
| Legal reserve | 130 | €6,300 | €6,300 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €3,533 | €3,533 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€210,047 | -€229,949 | -€19,902 | -9.5% |
| Amounts payable | 17/49 | €584,287 | €653,214 | +€68,928 | +11.8% |
| Amounts payable after more than one year | 17 | €20,472 | €100,493 | +€80,021 | +390.9% |
| Financial debts | 170/4 | €20,472 | €100,493 | +€80,021 | +390.9% |
| Amounts payable within one year | 42/48 | €561,415 | €547,921 | -€13,493 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €84,804 | €29,484 | -€55,319 | -65.2% |
| Financial debts | 43 | €266,244 | €258,474 | -€7,770 | -2.9% |
| Credit institutions | 430/8 | €266,244 | €258,474 | -€7,770 | -2.9% |
| Trade debts | 44 | €126,965 | €127,926 | +€961 | +0.8% |
| Suppliers | 440/4 | €126,965 | €127,926 | +€961 | +0.8% |
| Taxes, remuneration and social security | 45 | €48,409 | €81,947 | +€33,539 | +69.3% |
| Taxes | 450/3 | €6,583 | €40,684 | +€34,101 | +518.0% |
| Remuneration and social security | 454/9 | €41,826 | €41,263 | -€562 | -1.3% |
| Other amounts payable | 47/48 | €34,994 | €50,090 | +€15,096 | +43.1% |
| Accrued charges and deferred income | 492/3 | €2,400 | €4,800 | +€2,400 | +100.0% |
| Remuneration, social security and pensions | 62 | €402,525 | €337,892 | -€64,632 | -16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,811 | €13,470 | +€659 | +5.1% |
| Other operating charges | 640/8 | €2,000 | €676 | -€1,324 | -66.2% |
| Operating charges capitalised as restructuring costs | 649 | - | -€40,139 | -€40,139 | |
| Gross operating margin | 9900 | €234,218 | €318,048 | +€83,830 | +35.8% |
| Operating profit (loss) | 9901 | -€183,118 | €6,148 | +€189,265 | |
| Financial income | 75/76B | €26 | €5,875 | +€5,848 | +22161.2% |
| Recurring financial income | 75 | €26 | €5,875 | +€5,848 | +22161.2% |
| Financial charges | 65/66B | €26,949 | €31,924 | +€4,976 | +18.5% |
| Recurring financial charges | 65 | €26,949 | €31,924 | +€4,976 | +18.5% |
| Profit (loss) for the period before taxes | 9903 | -€210,040 | -€19,902 | +€190,138 | +90.5% |
| Income taxes | 67/77 | €7 | - | -€7 | |
| Profit (loss) for the period | 9904 | -€210,047 | -€19,902 | +€190,145 | +90.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€210,047 | -€19,902 | +€190,145 | +90.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.