L&H CONSULT: what changed
What changed
L&H CONSULT
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€103,260
2024 · €127,145-€23,885
Equity
€251,414
2024 · €148,526+€102,888
Cash
€204,739
2024 · €187,984+€16,754
Balance sheet total
€601,234
2024 · €298,451+€302,783
Largest movements
Assets
- Financial fixed assets +€304,000
new in 2025: €304,000
- Receivables within one year -€17,136
down €17,136 (-21.2%), from €80,650 to €63,514
- Cash +€16,754
up €16,754 (+8.9%), from €187,984 to €204,739
mainly Debts after one year (+€175,454) and Net result for the year (+€103,260)
Equity and liabilities
- Debts after one year +€175,454
new in 2025: €175,454
- Reserves +€93,500
up €93,500 (+73.7%), from €126,860 to €220,360
of which Distributable reserves: +€218,500
- Current portion of long-term debt +€28,108
new in 2025: €28,108
- Profit (loss) carried forward +€9,388
up €9,388 (+306%), from €3,066 to €12,454
- Trade debts +€8,768
up €8,768 (+30.3%), from €28,955 to €37,723
Income statement
- Gross operating margin -€50,024
down €50,024 (-25.6%), from €195,410 to €145,385
- Taxes -€32,352
down €32,352 (-50.2%), from €64,501 to €32,149
- Financial charges +€3,141
up €3,141 (+5,065%), from €62 to €3,203
- Depreciation +€2,051
up €2,051 (+89.8%), from €2,284 to €4,335
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€127,145
Gross operating margin
-€50,024
Staff costs
-€123
Depreciation
-€2,051
Other operating charges
-€836
Other operating items
-€63
Financial income
+€1
Financial charges
-€3,141
Taxes
+€32,352
Result 2025
€103,260
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€122,109
Investment
-€308,546
Financing
+€203,191
Cash 2024
€187,984
From operations (derived)
+€122,109
Net result for the year
+€103,260
Depreciation
+€4,335
Receivables within one year
+€17,136
Deferred charges and accrued income
+€1,046
Trade debts
+€8,768
Tax, wage and social debts
-€4,122
Other debts
-€8,314
Investment (derived)
-€308,546
Investment in fixed assets (net)
-€308,546
Financing
+€203,191
Debts after one year
+€175,454
Current portion of long-term debt
+€28,108
Contributions, distributions and other
-€372
Cash 2025
€204,739
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €298,451 | €601,234 | +€302,783 | +101% |
| Fixed assets | 21/28 | €28,771 | €332,981 | +€304,211 | +1,057% |
| Tangible fixed assets | 22/27 | €28,771 | €28,981 | +€211 | +0.7% |
| Plant, machinery and equipment | 23 | €16,566 | €17,945 | +€1,380 | +8.3% |
| Furniture and vehicles | 24 | €12,205 | €11,036 | -€1,169 | -9.6% |
| Financial fixed assets | 28 | - | €304,000 | +€304,000 | |
| Current assets | 29/58 | €269,680 | €268,253 | -€1,428 | -0.5% |
| Amounts receivable within one year | 40/41 | €80,650 | €63,514 | -€17,136 | -21.2% |
| Trade receivables | 40 | €80,650 | €63,514 | -€17,136 | -21.2% |
| Cash at bank and in hand | 54/58 | €187,984 | €204,739 | +€16,754 | +8.9% |
| Deferred charges and accrued income | 490/1 | €1,046 | - | -€1,046 | |
| Total equity and liabilities | 10/49 | €298,451 | €601,234 | +€302,783 | +101% |
| Equity | 10/15 | €148,526 | €251,414 | +€102,888 | +69.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €126,860 | €220,360 | +€93,500 | +73.7% |
| Non-distributable reserves | 130/1 | €126,860 | €1,860 | -€125,000 | -98.5% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €125,000 | - | -€125,000 | |
| Distributable reserves | 133 | - | €218,500 | +€218,500 | |
| Profit (loss) carried forward | 14 | €3,066 | €12,454 | +€9,388 | +306% |
| Amounts payable | 17/49 | €149,925 | €349,820 | +€199,895 | +133% |
| Amounts payable after more than one year | 17 | - | €175,454 | +€175,454 | |
| Financial debts | 170/4 | - | €175,454 | +€175,454 | |
| Amounts payable within one year | 42/48 | €149,925 | €174,366 | +€24,441 | +16.3% |
| Current portion of amounts payable after more than one year | 42 | - | €28,108 | +€28,108 | |
| Trade debts | 44 | €28,955 | €37,723 | +€8,768 | +30.3% |
| Suppliers | 440/4 | €28,955 | €37,723 | +€8,768 | +30.3% |
| Taxes, remuneration and social security | 45 | €13,625 | €9,504 | -€4,122 | -30.3% |
| Taxes | 450/3 | €13,625 | €6,942 | -€6,684 | -49.1% |
| Remuneration and social security | 454/9 | - | €2,562 | +€2,562 | |
| Other amounts payable | 47/48 | €107,345 | €99,031 | -€8,314 | -7.7% |
| Remuneration, social security and pensions | 62 | €945 | €1,068 | +€123 | +13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,284 | €4,335 | +€2,051 | +89.8% |
| Other operating charges | 640/8 | €472 | €1,308 | +€836 | +177% |
| Non-recurring operating charges | 66A | - | €63 | +€63 | |
| Gross operating margin | 9900 | €195,410 | €145,385 | -€50,024 | -25.6% |
| Operating profit (loss) | 9901 | €191,708 | €138,610 | -€53,098 | -27.7% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €62 | €3,203 | +€3,141 | +5,065% |
| Recurring financial charges | 65 | €62 | €3,203 | +€3,141 | +5,065% |
| Profit (loss) for the period before taxes | 9903 | €191,646 | €135,409 | -€56,237 | -29.3% |
| Income taxes | 67/77 | €64,501 | €32,149 | -€32,352 | -50.2% |
| Profit (loss) for the period | 9904 | €127,145 | €103,260 | -€23,885 | -18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €127,145 | €103,260 | -€23,885 | -18.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.