L&H PROJECT: 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 PROJECT
Largest movements
- Receivables within one year -€4,177
down €4,177 (-16.5%), from €25,296 to €21,119
of which Trade receivables: -€4,747
- Cash +€2,208
up €2,208 (+467%), from €473 to €2,681
mainly Receivables within one year (+€4,177) and Net result for the year (+€1,179)
- Tangible fixed assets -€429
down €429 (-42.0%), from €1,022 to €593
- Trade debts -€2,888
down €2,888 (-93.8%), from €3,081 to €192
- Profit (loss) carried forward +€1,179
up €1,179 (+32.9%), from €3,588 to €4,766
- Tax, wage and social debts -€988
down €988 (-71.5%), from €1,382 to €394
- Other debts +€300
up €300 (+214%), from €140 to €440
- Gross operating margin -€3,203
down €3,203 (-54.0%), from €5,934 to €2,731
- Taxes -€988
down €988 (-71.5%), from €1,382 to €394
- Depreciation +€164
up €164 (+61.9%), from €265 to €429
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 | €26,790 | €24,392 | -€2,398 | -9.0% |
| Fixed assets | 21/28 | €1,022 | €593 | -€429 | -42.0% |
| Tangible fixed assets | 22/27 | €1,022 | €593 | -€429 | -42.0% |
| Plant, machinery and equipment | 23 | €1,022 | €593 | -€429 | -42.0% |
| Current assets | 29/58 | €25,768 | €23,799 | -€1,969 | -7.6% |
| Amounts receivable within one year | 40/41 | €25,296 | €21,119 | -€4,177 | -16.5% |
| Trade receivables | 40 | €25,000 | €20,253 | -€4,747 | -19.0% |
| Other amounts receivable | 41 | €296 | €866 | +€570 | +193% |
| Cash at bank and in hand | 54/58 | €473 | €2,681 | +€2,208 | +467% |
| Total equity and liabilities | 10/49 | €26,790 | €24,392 | -€2,398 | -9.0% |
| Equity | 10/15 | €22,188 | €23,366 | +€1,179 | +5.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,588 | €4,766 | +€1,179 | +32.9% |
| Amounts payable | 17/49 | €4,603 | €1,026 | -€3,577 | -77.7% |
| Amounts payable within one year | 42/48 | €4,603 | €1,026 | -€3,577 | -77.7% |
| Trade debts | 44 | €3,081 | €192 | -€2,888 | -93.8% |
| Suppliers | 440/4 | €3,081 | €192 | -€2,888 | -93.8% |
| Taxes, remuneration and social security | 45 | €1,382 | €394 | -€988 | -71.5% |
| Taxes | 450/3 | €1,382 | €394 | -€988 | -71.5% |
| Other amounts payable | 47/48 | €140 | €440 | +€300 | +214% |
| Non-recurring operating income | 76A | €5,934 | - | -€5,934 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €265 | €429 | +€164 | +61.9% |
| Other operating charges | 640/8 | €390 | €387 | -€3 | -0.7% |
| Gross operating margin | 9900 | €5,934 | €2,731 | -€3,203 | -54.0% |
| Operating profit (loss) | 9901 | €5,279 | €1,915 | -€3,364 | -63.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €310 | €343 | +€33 | +10.6% |
| Recurring financial charges | 65 | €310 | €343 | +€33 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | €4,969 | €1,572 | -€3,397 | -68.4% |
| Income taxes | 67/77 | €1,382 | €394 | -€988 | -71.5% |
| Profit (loss) for the period | 9904 | €3,588 | €1,179 | -€2,409 | -67.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,588 | €1,179 | -€2,409 | -67.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.