LS BEDDING: 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
LS BEDDING
NACE 31.003, Manufacture of furniture
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.8m
2024 · €1.6m+€185,584
Equity
€4.8m
2024 · €4.8m+€99,397
Cash
€355,450
2024 · €336,151+€19,300
Balance sheet total
€11.3m
2024 · €10.1m+€1.2m
Largest movements
Assets
- Receivables after one year +€1.5m
new in 2025: €1.5m
- Tangible fixed assets -€149,835
down €149,835 (-6.1%), from €2.4m to €2.3m
- Receivables within one year -€121,728
down €121,728 (-5.6%), from €2.2m to €2.1m
of which Other amounts receivable: -€108,819
Equity and liabilities
- Trade debts +€1.2m
up €1.2m (+56.3%), from €2.1m to €3.2m
- Other debts -€141,104
down €141,104 (-6.9%), from €2.0m to €1.9m
Income statement
- Turnover +€2.3m
up €2.3m (+8.6%), from €27.0m to €29.3m
- Services and other goods +€838,572
up €838,572 (+11.7%), from €7.2m to €8.0m
- Goods and materials +€715,096
up €715,096 (+6.2%), from €11.5m to €12.2m
of which Purchases: +€759,038
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
€1.6m
Turnover
+€2.3m
Other operating income
-€80,591
Goods and materials
-€715,096
Services and other goods
-€838,572
Staff costs
-€81,778
Depreciation
-€131,230
Write-downs
-€19,149
Other operating charges
-€17,402
Other operating items
-€300,325
Financial income
-€4,385
Financial charges
+€140,759
Taxes
-€84,066
Result 2025
€1.8m
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
+€2.5m
Investment
-€736,394
Financing
-€1.7m
Cash 2024
€336,151
From operations (derived)
+€2.5m
Net result for the year
+€1.8m
Depreciation
+€911,604
Receivables after one year
-€1.5m
Stocks and contracts
-€21,372
Receivables within one year
+€121,728
Deferred charges and accrued income
+€46,219
Trade debts
+€1.2m
Tax, wage and social debts
+€80,490
Other debts
-€141,104
Accrued charges and deferred income
+€19,785
Investment (derived)
-€736,394
Investment in fixed assets (net)
-€736,394
Financing
-€1.7m
Debts after one year
-€43,531
Current portion of long-term debt
+€1,882
Contributions, distributions and other
-€1.7m
Cash 2025
€355,450
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,119,217 | €11,301,265 | +€1.2m | +11.7% |
| Fixed assets | 21/28 | €5,037,743 | €4,862,534 | -€175,210 | -3.5% |
| Intangible fixed assets | 21 | €782,548 | €757,173 | -€25,375 | -3.2% |
| Tangible fixed assets | 22/27 | €2,438,757 | €2,288,922 | -€149,835 | -6.1% |
| Plant, machinery and equipment | 23 | €280,582 | €273,541 | -€7,041 | -2.5% |
| Furniture and vehicles | 24 | €209,927 | €192,680 | -€17,247 | -8.2% |
| Leasing and similar rights | 25 | €324,966 | €259,036 | -€65,930 | -20.3% |
| Other tangible fixed assets | 26 | €1,153,584 | €1,091,521 | -€62,063 | -5.4% |
| Assets under construction and advance payments | 27 | €469,697 | €472,144 | +€2,447 | +0.5% |
| Financial fixed assets | 28 | €1,816,438 | €1,816,438 | = | 0.0% |
| Affiliated companies | 280/1 | €1,782,638 | €1,782,638 | = | 0.0% |
| Participating interests | 280 | €1,782,638 | €1,782,638 | = | 0.0% |
| Other financial fixed assets | 284/8 | €33,800 | €33,800 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €33,800 | €33,800 | = | 0.0% |
| Current assets | 29/58 | €5,081,474 | €6,438,731 | +€1.4m | +26.7% |
| Amounts receivable after more than one year | 29 | - | €1,484,533 | +€1.5m | |
| Trade receivables | 290 | - | €1,484,533 | +€1.5m | |
| Stocks and contracts in progress | 3 | €2,484,575 | €2,505,947 | +€21,372 | +0.9% |
| Stocks | 30/36 | €2,457,425 | €2,489,642 | +€32,217 | +1.3% |
| Raw materials and consumables | 30/31 | €1,971,554 | €2,013,808 | +€42,253 | +2.1% |
| Work in progress | 32 | €281,216 | €246,100 | -€35,116 | -12.5% |
| Finished goods | 33 | €184,480 | €191,227 | +€6,747 | +3.7% |
| Goods purchased for resale | 34 | €20,175 | €38,508 | +€18,333 | +90.9% |
| Contracts in progress | 37 | €27,150 | €16,305 | -€10,845 | -39.9% |
| Amounts receivable within one year | 40/41 | €2,185,136 | €2,063,408 | -€121,728 | -5.6% |
| Trade receivables | 40 | €1,888,894 | €1,875,984 | -€12,909 | -0.7% |
| Other amounts receivable | 41 | €296,242 | €187,423 | -€108,819 | -36.7% |
| Cash at bank and in hand | 54/58 | €336,151 | €355,450 | +€19,300 | +5.7% |
| Deferred charges and accrued income | 490/1 | €75,612 | €29,394 | -€46,219 | -61.1% |
| Total equity and liabilities | 10/49 | €10,119,217 | €11,301,265 | +€1.2m | +11.7% |
| Equity | 10/15 | €4,750,536 | €4,849,934 | +€99,397 | +2.1% |
| Contributions | 10/11 | €89,047 | €89,047 | = | 0.0% |
| Capital | 10 | €89,047 | €89,047 | = | 0.0% |
| Issued capital | 100 | €89,047 | €89,047 | = | 0.0% |
| Reserves | 13 | €398,714 | €398,714 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,918 | €8,918 | = | 0.0% |
| Legal reserve | 130 | €8,905 | €8,905 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13 | €13 | = | 0.0% |
| Tax-exempt reserves | 132 | €36,000 | €36,000 | = | 0.0% |
| Distributable reserves | 133 | €353,796 | €353,796 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,262,776 | €4,362,173 | +€99,397 | +2.3% |
| Amounts payable | 17/49 | €5,368,681 | €6,451,331 | +€1.1m | +20.2% |
| Amounts payable after more than one year | 17 | €179,620 | €136,090 | -€43,531 | -24.2% |
| Financial debts | 170/4 | €179,620 | €136,090 | -€43,531 | -24.2% |
| Leasing and similar obligations | 172 | €179,620 | €136,090 | -€43,531 | -24.2% |
| Amounts payable within one year | 42/48 | €5,101,155 | €6,207,551 | +€1.1m | +21.7% |
| Current portion of amounts payable after more than one year | 42 | €41,649 | €43,531 | +€1,882 | +4.5% |
| Trade debts | 44 | €2,068,613 | €3,233,741 | +€1.2m | +56.3% |
| Suppliers | 440/4 | €2,068,613 | €3,233,741 | +€1.2m | +56.3% |
| Taxes, remuneration and social security | 45 | €954,334 | €1,034,824 | +€80,490 | +8.4% |
| Taxes | 450/3 | €153,499 | €203,084 | +€49,586 | +32.3% |
| Remuneration and social security | 454/9 | €800,835 | €831,740 | +€30,904 | +3.9% |
| Other amounts payable | 47/48 | €2,036,560 | €1,895,456 | -€141,104 | -6.9% |
| Accrued charges and deferred income | 492/3 | €87,905 | €107,690 | +€19,785 | +22.5% |
| Operating income | 70/76A | €28,402,167 | €30,319,282 | +€1.9m | +6.7% |
| Turnover | 70 | €27,029,946 | €29,347,365 | +€2.3m | +8.6% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €25,559 | -€39,215 | -€64,774 | |
| Own construction capitalised | 72 | €506,570 | €316,797 | -€189,773 | -37.5% |
| Other operating income | 74 | €764,429 | €683,839 | -€80,591 | -10.5% |
| Non-recurring operating income | 76A | €75,663 | €10,496 | -€65,167 | -86.1% |
| Operating charges | 60/66A | €25,950,038 | €27,733,876 | +€1.8m | +6.9% |
| Goods for resale, raw materials and consumables | 60 | €11,490,598 | €12,205,694 | +€715,096 | +6.2% |
| Purchases | 600/8 | €11,534,689 | €12,293,727 | +€759,038 | +6.6% |
| Change in stocks: decrease (increase) | 609 | -€44,091 | -€88,033 | -€43,943 | -99.7% |
| Services and other goods | 61 | €7,194,998 | €8,033,570 | +€838,572 | +11.7% |
| Remuneration, social security and pensions | 62 | €6,358,835 | €6,440,613 | +€81,778 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €780,374 | €911,604 | +€131,230 | +16.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,297 | €27,447 | +€19,149 | +230.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €96,646 | €114,048 | +€17,402 | +18.0% |
| Non-recurring operating charges | 66A | €20,288 | €900 | -€19,388 | -95.6% |
| Operating profit (loss) | 9901 | €2,452,130 | €2,585,406 | +€133,276 | +5.4% |
| Financial income | 75/76B | €4,386 | €1 | -€4,385 | -100.0% |
| Recurring financial income | 75 | €4,386 | €1 | -€4,385 | -100.0% |
| Income from current assets | 751 | €4,386 | €0 | -€4,386 | -100.0% |
| Other financial income | 752/9 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €706,560 | €565,801 | -€140,759 | -19.9% |
| Recurring financial charges | 65 | €706,560 | €565,801 | -€140,759 | -19.9% |
| Debt charges | 650 | €99,582 | €42,515 | -€57,067 | -57.3% |
| Other financial charges | 652/9 | €606,978 | €523,286 | -€83,692 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €1,749,956 | €2,019,606 | +€269,651 | +15.4% |
| Income taxes | 67/77 | €156,143 | €240,209 | +€84,066 | +53.8% |
| Taxes | 670/3 | €162,586 | €267,161 | +€104,576 | +64.3% |
| Tax adjustments and reversals of tax provisions | 77 | €6,442 | €26,952 | +€20,510 | +318.3% |
| Profit (loss) for the period | 9904 | €1,593,813 | €1,779,397 | +€185,584 | +11.6% |
| Transfer to tax-exempt reserves | 689 | €21,000 | €0 | -€21,000 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,572,813 | €1,779,397 | +€206,584 | +13.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.