NEXT GENERATION LED: 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.
NEXT GENERATION LED
Largest movements
- Tangible fixed assets +€18,809
up €18,809 (+82.3%), from €22,859 to €41,669
of which Furniture and vehicles: +€25,424
- Receivables within one year +€6,814
up €6,814 (+37.0%), from €18,403 to €25,217
- Stocks and contracts +€3,005
up €3,005 (+1.7%), from €178,855 to €181,860
- Trade debts +€13,691
up €13,691 (+96.4%), from €14,196 to €27,886
- Profit (loss) carried forward +€13,145
no longer reported in 2025 (was -€13,145)
- Reserves -€12,331
down €12,331 (-40.5%), from €30,463 to €18,132
of which Distributable reserves: -€12,331
- Short-term financial debts +€10,587
new in 2025: €10,587
- Current portion of long-term debt +€8,936
up €8,936 (+51.5%), from €17,350 to €26,286
- Gross operating margin -€7,618
down €7,618 (-29.5%), from €25,833 to €18,215
- Depreciation +€4,429
up €4,429 (+56.9%), from €7,782 to €12,211
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 | €227,654 | €254,894 | +€27,240 | +12.0% |
| Fixed assets | 21/28 | €26,729 | €45,539 | +€18,809 | +70.4% |
| Tangible fixed assets | 22/27 | €22,859 | €41,669 | +€18,809 | +82.3% |
| Plant, machinery and equipment | 23 | €2,575 | €1,654 | -€921 | -35.8% |
| Furniture and vehicles | 24 | €3,133 | €28,556 | +€25,424 | +812% |
| Other tangible fixed assets | 26 | €17,152 | €11,459 | -€5,693 | -33.2% |
| Financial fixed assets | 28 | €3,870 | €3,870 | = | 0.0% |
| Current assets | 29/58 | €200,924 | €209,355 | +€8,430 | +4.2% |
| Stocks and contracts in progress | 3 | €178,855 | €181,860 | +€3,005 | +1.7% |
| Stocks | 30/36 | €178,855 | €181,860 | +€3,005 | +1.7% |
| Amounts receivable within one year | 40/41 | €18,403 | €25,217 | +€6,814 | +37.0% |
| Trade receivables | 40 | €18,403 | €25,217 | +€6,814 | +37.0% |
| Cash at bank and in hand | 54/58 | €250 | - | -€250 | |
| Deferred charges and accrued income | 490/1 | €3,416 | €2,278 | -€1,138 | -33.3% |
| Total equity and liabilities | 10/49 | €227,654 | €254,894 | +€27,240 | +12.0% |
| Equity | 10/15 | €97,318 | €98,132 | +€814 | +0.8% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Capital | 10 | €80,000 | €80,000 | = | 0.0% |
| Issued capital | 100 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €30,463 | €18,132 | -€12,331 | -40.5% |
| Non-distributable reserves | 130/1 | €8,000 | €8,000 | = | 0.0% |
| Legal reserve | 130 | €8,000 | €8,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,718 | €4,718 | = | 0.0% |
| Distributable reserves | 133 | €17,745 | €5,414 | -€12,331 | -69.5% |
| Profit (loss) carried forward | 14 | -€13,145 | - | +€13,145 | |
| Amounts payable | 17/49 | €130,336 | €156,762 | +€26,426 | +20.3% |
| Amounts payable after more than one year | 17 | €19,247 | €14,119 | -€5,128 | -26.6% |
| Financial debts | 170/4 | €19,247 | €14,119 | -€5,128 | -26.6% |
| Amounts payable within one year | 42/48 | €111,089 | €142,643 | +€31,554 | +28.4% |
| Current portion of amounts payable after more than one year | 42 | €17,350 | €26,286 | +€8,936 | +51.5% |
| Financial debts | 43 | - | €10,587 | +€10,587 | |
| Credit institutions | 430/8 | - | €10,587 | +€10,587 | |
| Trade debts | 44 | €14,196 | €27,886 | +€13,691 | +96.4% |
| Suppliers | 440/4 | €14,196 | €27,886 | +€13,691 | +96.4% |
| Taxes, remuneration and social security | 45 | €6,464 | €9,406 | +€2,942 | +45.5% |
| Taxes | 450/3 | €6,464 | €9,406 | +€2,942 | +45.5% |
| Other amounts payable | 47/48 | €73,080 | €68,478 | -€4,602 | -6.3% |
| Non-recurring operating income | 76A | - | €3,620 | +€3,620 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,782 | €12,211 | +€4,429 | +56.9% |
| Other operating charges | 640/8 | €1,412 | €1,353 | -€59 | -4.2% |
| Non-recurring operating charges | 66A | - | €150 | +€150 | |
| Gross operating margin | 9900 | €25,833 | €18,215 | -€7,618 | -29.5% |
| Operating profit (loss) | 9901 | €16,639 | €4,502 | -€12,137 | -72.9% |
| Financial income | 75/76B | €765 | €756 | -€10 | -1.2% |
| Recurring financial income | 75 | €765 | €756 | -€10 | -1.2% |
| Financial charges | 65/66B | €4,247 | €4,212 | -€35 | -0.8% |
| Recurring financial charges | 65 | €4,247 | €4,212 | -€35 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | €13,157 | €1,046 | -€12,111 | -92.1% |
| Income taxes | 67/77 | €140 | €232 | +€92 | +66.1% |
| Profit (loss) for the period | 9904 | €13,017 | €814 | -€12,203 | -93.7% |
| Profit (loss) for the period to be appropriated | 9905 | €13,017 | €814 | -€12,203 | -93.7% |
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 14 October 2026 via checked.be.