LEDNLUX: 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.
LEDNLUX
Largest movements
- Current investments +€367,747
up €367,747 (+104.8%), from €350,936 to €718,683
- Cash +€188,224
up €188,224 (+36.5%), from €515,980 to €704,204
mainly Net result for the year (+€560,027) and Receivables within one year (+€171,683)
- Receivables within one year -€171,683
down €171,683 (-14.6%), from €1.2m to €1.0m
of which Trade receivables: -€221,602
- Tangible fixed assets +€87,416
up €87,416 (+39.9%), from €218,909 to €306,325
of which Leasing and similar rights: +€81,053
- Reserves +€772,272
up €772,272 (+49.1%), from €1.6m to €2.3m
of which Distributable reserves: +€772,272
- Profit (loss) carried forward -€466,246
down €466,246 (-100.0%), from €466,246 to €0
- Other debts +€163,137
up €163,137 (+111.3%), from €146,608 to €309,745
- Trade debts -€155,868
down €155,868 (-13.3%), from €1.2m to €1.0m
- Tax, wage and social debts +€61,134
up €61,134 (+31.8%), from €192,502 to €253,636
of which Taxes: +€50,436
- Gross operating margin +€598,395
up €598,395 (+47.3%), from €1.3m to €1.9m
- Taxes +€157,239
up €157,239 (+153.8%), from €102,260 to €259,499
- Staff costs +€70,627
up €70,627 (+8.4%), from €844,503 to €915,130
- Financial charges +€33,518
up €33,518 (+127.9%), from €26,211 to €59,729
- Financial income +€19,003
up €19,003 (+105.9%), from €17,950 to €36,952
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 | €3,698,448 | €4,092,990 | +€394,542 | +10.7% |
| Fixed assets | 21/28 | €308,273 | €357,795 | +€49,522 | +16.1% |
| Intangible fixed assets | 21 | €89,215 | €51,470 | -€37,745 | -42.3% |
| Tangible fixed assets | 22/27 | €218,909 | €306,325 | +€87,416 | +39.9% |
| Plant, machinery and equipment | 23 | €53,695 | €63,643 | +€9,949 | +18.5% |
| Furniture and vehicles | 24 | €26,825 | €30,221 | +€3,396 | +12.7% |
| Leasing and similar rights | 25 | €115,403 | €196,457 | +€81,053 | +70.2% |
| Other tangible fixed assets | 26 | €22,986 | €16,004 | -€6,982 | -30.4% |
| Financial fixed assets | 28 | €149 | €0 | -€149 | -100.0% |
| Current assets | 29/58 | €3,390,175 | €3,735,195 | +€345,020 | +10.2% |
| Stocks and contracts in progress | 3 | €1,303,577 | €1,270,380 | -€33,198 | -2.5% |
| Stocks | 30/36 | €1,303,577 | €1,270,380 | -€33,198 | -2.5% |
| Amounts receivable within one year | 40/41 | €1,178,783 | €1,007,100 | -€171,683 | -14.6% |
| Trade receivables | 40 | €856,074 | €634,472 | -€221,602 | -25.9% |
| Other amounts receivable | 41 | €322,710 | €372,629 | +€49,919 | +15.5% |
| Current investments | 50/53 | €350,936 | €718,683 | +€367,747 | +104.8% |
| Cash at bank and in hand | 54/58 | €515,980 | €704,204 | +€188,224 | +36.5% |
| Deferred charges and accrued income | 490/1 | €40,898 | €34,828 | -€6,070 | -14.8% |
| Total equity and liabilities | 10/49 | €3,698,448 | €4,092,990 | +€394,542 | +10.7% |
| Equity | 10/15 | €2,046,306 | €2,352,332 | +€306,027 | +15.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,573,860 | €2,346,132 | +€772,272 | +49.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,573,860 | €2,346,132 | +€772,272 | +49.1% |
| Profit (loss) carried forward | 14 | €466,246 | €0 | -€466,246 | -100.0% |
| Amounts payable | 17/49 | €1,652,142 | €1,740,658 | +€88,516 | +5.4% |
| Amounts payable after more than one year | 17 | €89,585 | €113,920 | +€24,335 | +27.2% |
| Financial debts | 170/4 | €89,585 | €113,920 | +€24,335 | +27.2% |
| Amounts payable within one year | 42/48 | €1,562,102 | €1,626,738 | +€64,636 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | €18,218 | €36,986 | +€18,768 | +103.0% |
| Financial debts | 43 | €33,807 | €11,272 | -€22,535 | -66.7% |
| Credit institutions | 430/8 | €33,807 | €11,272 | -€22,535 | -66.7% |
| Trade debts | 44 | €1,170,967 | €1,015,099 | -€155,868 | -13.3% |
| Suppliers | 440/4 | €1,170,967 | €1,015,099 | -€155,868 | -13.3% |
| Taxes, remuneration and social security | 45 | €192,502 | €253,636 | +€61,134 | +31.8% |
| Taxes | 450/3 | €56,982 | €107,418 | +€50,436 | +88.5% |
| Remuneration and social security | 454/9 | €135,521 | €146,218 | +€10,698 | +7.9% |
| Other amounts payable | 47/48 | €146,608 | €309,745 | +€163,137 | +111.3% |
| Accrued charges and deferred income | 492/3 | €455 | €0 | -€455 | -100.0% |
| Non-recurring operating income | 76A | €10,372 | €16,096 | +€5,724 | +55.2% |
| Remuneration, social security and pensions | 62 | €844,503 | €915,130 | +€70,627 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,549 | €97,099 | +€8,550 | +9.7% |
| Other operating charges | 640/8 | €9,527 | €9,532 | +€6 | +0.1% |
| Non-recurring operating charges | 66A | €1,426 | €60 | -€1,367 | -95.8% |
| Gross operating margin | 9900 | €1,265,728 | €1,864,123 | +€598,395 | +47.3% |
| Operating profit (loss) | 9901 | €321,724 | €842,302 | +€520,578 | +161.8% |
| Financial income | 75/76B | €17,950 | €36,952 | +€19,003 | +105.9% |
| Recurring financial income | 75 | €17,950 | €36,952 | +€19,003 | +105.9% |
| Financial charges | 65/66B | €26,211 | €59,729 | +€33,518 | +127.9% |
| Recurring financial charges | 65 | €26,211 | €59,729 | +€33,518 | +127.9% |
| Profit (loss) for the period before taxes | 9903 | €313,463 | €819,526 | +€506,063 | +161.4% |
| Income taxes | 67/77 | €102,260 | €259,499 | +€157,239 | +153.8% |
| Profit (loss) for the period | 9904 | €211,202 | €560,027 | +€348,824 | +165.2% |
| Profit (loss) for the period to be appropriated | 9905 | €211,202 | €560,027 | +€348,824 | +165.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.