L&H LOGISTIC: 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.
L&H LOGISTIC
Largest movements
- Receivables within one year -€7,848
down €7,848 (-25.7%), from €30,512 to €22,664
of which Other amounts receivable: -€7,665
- Tangible fixed assets -€4,799
down €4,799 (-50.0%), from €9,598 to €4,799
- Cash +€2,601
up €2,601 (+122.0%), from €2,132 to €4,734
mainly Receivables within one year (+€7,848) and Depreciation (+€5,002)
- Trade debts -€16,884
down €16,884 (-96.3%), from €17,531 to €647
- Tax, wage and social debts +€4,461
up €4,461 (+55.7%), from €8,015 to €12,475
of which Taxes: +€4,461
- Profit (loss) carried forward +€2,112
up €2,112, from -€1,518 to €594
- Staff costs -€1,329
no longer reported in 2022 (was €1,329)
- Financial income +€1,064
new in 2022: €1,064
of which Financial income: +€1,064
- Gross operating margin -€832
down €832 (-10.6%), from €7,820 to €6,988
- Other operating charges +€130
up €130 (+28.0%), from €465 to €595
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €42,648 | €32,399 | -€10,249 | -24.0% |
| Formation expenses | 20 | €406 | €203 | -€203 | -50.0% |
| Fixed assets | 21/28 | €9,598 | €4,799 | -€4,799 | -50.0% |
| Tangible fixed assets | 22/27 | €9,598 | €4,799 | -€4,799 | -50.0% |
| Furniture and vehicles | 24 | €9,598 | €4,799 | -€4,799 | -50.0% |
| Current assets | 29/58 | €32,644 | €27,397 | -€5,247 | -16.1% |
| Amounts receivable within one year | 40/41 | €30,512 | €22,664 | -€7,848 | -25.7% |
| Trade receivables | 40 | €19,850 | €19,667 | -€183 | -0.9% |
| Other amounts receivable | 41 | €10,662 | €2,997 | -€7,665 | -71.9% |
| Cash at bank and in hand | 54/58 | €2,132 | €4,734 | +€2,601 | +122.0% |
| Total equity and liabilities | 10/49 | €42,648 | €32,399 | -€10,249 | -24.0% |
| Equity | 10/15 | €17,102 | €19,214 | +€2,112 | +12.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €20 | €20 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20 | €20 | = | 0.0% |
| Legal reserve | 130 | €20 | - | -€20 | |
| Reserves not available under the articles | 1311 | - | €20 | +€20 | |
| Profit (loss) carried forward | 14 | -€1,518 | €594 | +€2,112 | |
| Amounts payable | 17/49 | €25,546 | €13,185 | -€12,361 | -48.4% |
| Amounts payable within one year | 42/48 | €25,546 | €13,185 | -€12,361 | -48.4% |
| Financial debts | 43 | - | €63 | +€63 | |
| Credit institutions | 430/8 | - | €63 | +€63 | |
| Trade debts | 44 | €17,531 | €647 | -€16,884 | -96.3% |
| Suppliers | 440/4 | €17,531 | €647 | -€16,884 | -96.3% |
| Taxes, remuneration and social security | 45 | €8,015 | €12,475 | +€4,461 | +55.7% |
| Taxes | 450/3 | €7,967 | €12,428 | +€4,461 | +56.0% |
| Remuneration and social security | 454/9 | €48 | €48 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €1,329 | - | -€1,329 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,002 | €5,002 | = | 0.0% |
| Other operating charges | 640/8 | €465 | €595 | +€130 | +28.0% |
| Gross operating margin | 9900 | €7,820 | €6,988 | -€832 | -10.6% |
| Operating profit (loss) | 9901 | €1,024 | €1,391 | +€367 | +35.9% |
| Financial income | 75/76B | - | €1,064 | +€1,064 | |
| Recurring financial income | 75 | - | €1,064 | +€1,064 | |
| Non-recurring financial income | 76B | - | €1,064 | +€1,064 | |
| Financial charges | 65/66B | €306 | €343 | +€37 | +12.0% |
| Recurring financial charges | 65 | €306 | €343 | +€37 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | €718 | €2,112 | +€1,394 | +194.2% |
| Profit (loss) for the period | 9904 | €718 | €2,112 | +€1,394 | +194.2% |
| Profit (loss) for the period to be appropriated | 9905 | €718 | €2,112 | +€1,394 | +194.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.