LEDsGO: 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.
What changed
LEDsGO
NACE 46.474, Wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€496,064
2024 · €51,336+€444,728
Equity
€7.3m
2024 · €6.8m+€496,064
Cash
€500,018
2024 · €513,999-€13,981
Balance sheet total
€17.1m
2024 · €17.2m-€104,519
Largest movements
Assets
- Receivables after one year +€250,641
up €250,641 (+2.7%), from €9.2m to €9.4m
- Stocks and contracts -€226,951
down €226,951 (-15.5%), from €1.5m to €1.2m
Equity and liabilities
- Debts after one year -€678,572
down €678,572 (-7.8%), from €8.7m to €8.1m
- Reserves +€496,064
up €496,064 (+7.3%), from €6.8m to €7.3m
of which Distributable reserves: +€285,564
Income statement
- Turnover +€736,166
up €736,166 (+23.5%), from €3.1m to €3.9m
- Staff costs -€226,046
down €226,046 (-34.8%), from €649,596 to €423,550
- Services and other goods -€219,422
down €219,422 (-39.3%), from €558,756 to €339,334
- Taxes +€165,177
up €165,177 (+16273.6%), from €1,015 to €166,192
of which Taxes: +€164,779
- Write-downs +€164,536
up €164,536, from -€1,023 to €163,513
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.
Result 2024
€51,336
Turnover
+€736,166
Other operating income
-€143,343
Goods and materials
-€89,500
Services and other goods
+€219,422
Staff costs
+€226,046
Depreciation
+€278
Write-downs
-€164,536
Other operating charges
+€2,288
Other operating items
-€229,361
Financial income
+€32,601
Financial charges
+€19,844
Taxes
-€165,177
Result 2025
€496,064
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.
From operations
+€664,591
Investment
€0
Financing
-€678,572
Cash 2024
€513,999
From operations (derived)
+€664,591
Net result for the year
+€496,064
Depreciation
+€14,570
Receivables after one year
-€250,641
Stocks and contracts
+€226,951
Receivables within one year
+€90,641
Deferred charges and accrued income
+€9,017
Trade debts
-€13,077
Tax, wage and social debts
+€21,466
Other debts
+€69,600
Financing
-€678,572
Debts after one year
-€678,572
Cash 2025
€500,018
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,237,003 | €17,132,484 | -€104,519 | -0.6% |
| Fixed assets | 21/28 | €5,564,536 | €5,549,966 | -€14,570 | -0.3% |
| Tangible fixed assets | 22/27 | €45,217 | €30,647 | -€14,570 | -32.2% |
| Furniture and vehicles | 24 | €45,217 | €30,647 | -€14,570 | -32.2% |
| Financial fixed assets | 28 | €5,519,319 | €5,519,319 | = | 0.0% |
| Affiliated companies | 280/1 | €5,519,319 | €5,519,319 | = | 0.0% |
| Participating interests | 280 | €5,519,319 | €5,519,319 | = | 0.0% |
| Current assets | 29/58 | €11,672,467 | €11,582,518 | -€89,949 | -0.8% |
| Amounts receivable after more than one year | 29 | €9,182,891 | €9,433,532 | +€250,641 | +2.7% |
| Other amounts receivable | 291 | €9,182,891 | €9,433,532 | +€250,641 | +2.7% |
| Stocks and contracts in progress | 3 | €1,459,579 | €1,232,628 | -€226,951 | -15.5% |
| Stocks | 30/36 | €1,459,579 | €1,232,628 | -€226,951 | -15.5% |
| Raw materials and consumables | 30/31 | €1,061,663 | €935,987 | -€125,676 | -11.8% |
| Finished goods | 33 | €294,611 | €296,641 | +€2,030 | +0.7% |
| Goods purchased for resale | 34 | €103,305 | - | -€103,305 | |
| Amounts receivable within one year | 40/41 | €493,228 | €402,587 | -€90,641 | -18.4% |
| Trade receivables | 40 | €453,830 | €363,189 | -€90,641 | -20.0% |
| Other amounts receivable | 41 | €39,398 | €39,398 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €513,999 | €500,018 | -€13,981 | -2.7% |
| Deferred charges and accrued income | 490/1 | €22,770 | €13,753 | -€9,017 | -39.6% |
| Total equity and liabilities | 10/49 | €17,237,003 | €17,132,484 | -€104,519 | -0.6% |
| Equity | 10/15 | €6,809,580 | €7,305,644 | +€496,064 | +7.3% |
| Contributions | 10/11 | €20,945 | €20,945 | = | 0.0% |
| Reserves | 13 | €6,788,635 | €7,284,699 | +€496,064 | +7.3% |
| Tax-exempt reserves | 132 | €346,223 | €556,723 | +€210,500 | +60.8% |
| Distributable reserves | 133 | €6,442,412 | €6,727,976 | +€285,564 | +4.4% |
| Amounts payable | 17/49 | €10,427,423 | €9,826,840 | -€600,583 | -5.8% |
| Amounts payable after more than one year | 17 | €8,732,143 | €8,053,571 | -€678,572 | -7.8% |
| Financial debts | 170/4 | €8,732,143 | €8,053,571 | -€678,572 | -7.8% |
| Credit institutions | 173 | €3,732,143 | €3,053,571 | -€678,572 | -18.2% |
| Other loans | 174 | €5,000,000 | €5,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,695,280 | €1,773,269 | +€77,989 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €678,571 | €678,571 | = | 0.0% |
| Trade debts | 44 | €167,616 | €154,539 | -€13,077 | -7.8% |
| Suppliers | 440/4 | €167,616 | €154,539 | -€13,077 | -7.8% |
| Taxes, remuneration and social security | 45 | €88,693 | €110,159 | +€21,466 | +24.2% |
| Taxes | 450/3 | €32,289 | €52,783 | +€20,494 | +63.5% |
| Remuneration and social security | 454/9 | €56,404 | €57,376 | +€972 | +1.7% |
| Other amounts payable | 47/48 | €760,400 | €830,000 | +€69,600 | +9.2% |
| Operating income | 70/76A | €3,285,998 | €3,637,002 | +€351,004 | +10.7% |
| Turnover | 70 | €3,136,291 | €3,872,457 | +€736,166 | +23.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€136,457 | -€377,256 | -€240,799 | -176.5% |
| Other operating income | 74 | €279,829 | €136,486 | -€143,343 | -51.2% |
| Non-recurring operating income | 76A | €6,335 | €5,315 | -€1,020 | -16.1% |
| Operating charges | 60/66A | €3,061,386 | €2,854,930 | -€206,456 | -6.7% |
| Goods for resale, raw materials and consumables | 60 | €1,821,809 | €1,911,309 | +€89,500 | +4.9% |
| Purchases | 600/8 | €1,634,354 | €2,225,127 | +€590,773 | +36.1% |
| Change in stocks: decrease (increase) | 609 | €187,455 | -€313,818 | -€501,273 | |
| Services and other goods | 61 | €558,756 | €339,334 | -€219,422 | -39.3% |
| Remuneration, social security and pensions | 62 | €649,596 | €423,550 | -€226,046 | -34.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,848 | €14,570 | -€278 | -1.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,023 | €163,513 | +€164,536 | |
| Other operating charges | 640/8 | €4,942 | €2,654 | -€2,288 | -46.3% |
| Non-recurring operating charges | 66A | €12,458 | - | -€12,458 | |
| Operating profit (loss) | 9901 | €224,612 | €782,072 | +€557,460 | +248.2% |
| Financial income | 75/76B | €249,503 | €282,104 | +€32,601 | +13.1% |
| Recurring financial income | 75 | €249,503 | €282,104 | +€32,601 | +13.1% |
| Income from current assets | 751 | €237,298 | €250,641 | +€13,343 | +5.6% |
| Other financial income | 752/9 | €12,205 | €31,463 | +€19,258 | +157.8% |
| Financial charges | 65/66B | €421,764 | €401,920 | -€19,844 | -4.7% |
| Recurring financial charges | 65 | €421,764 | €401,920 | -€19,844 | -4.7% |
| Debt charges | 650 | €397,967 | €370,197 | -€27,770 | -7.0% |
| Other financial charges | 652/9 | €23,797 | €31,723 | +€7,926 | +33.3% |
| Profit (loss) for the period before taxes | 9903 | €52,351 | €662,256 | +€609,905 | +1165.0% |
| Income taxes | 67/77 | €1,015 | €166,192 | +€165,177 | +16273.6% |
| Taxes | 670/3 | €1,413 | €166,192 | +€164,779 | +11661.6% |
| Tax adjustments and reversals of tax provisions | 77 | €398 | - | -€398 | |
| Profit (loss) for the period | 9904 | €51,336 | €496,064 | +€444,728 | +866.3% |
| Transfer from tax-exempt reserves | 789 | €691,000 | - | -€691,000 | |
| Transfer to tax-exempt reserves | 689 | - | €210,500 | +€210,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €742,336 | €285,564 | -€456,772 | -61.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.