L'OH: 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'OH
Largest movements
- Tangible fixed assets -€41,116
down €41,116 (-25.2%), from €162,868 to €121,752
- Stocks and contracts +€9,900
up €9,900 (+38.2%), from €25,900 to €35,800
- Receivables within one year +€6,556
up €6,556 (+36.3%), from €18,063 to €24,619
of which Trade receivables: +€13,604
- Cash +€5,946
up €5,946 (+8.2%), from €72,699 to €78,644
mainly Depreciation (+€42,535) and Trade debts (+€23,495)
- Deferred charges and accrued income -€5,825
down €5,825 (-93.3%), from €6,241 to €415
- Trade debts +€23,495
up €23,495 (+105%), from €22,313 to €45,808
- Profit (loss) carried forward -€19,613
down €19,613 (-48.1%), from -€40,767 to -€60,380
- Debts after one year -€13,841
down €13,841 (-12.1%), from €114,452 to €100,611
- Current portion of long-term debt -€8,381
down €8,381 (-36.3%), from €23,062 to €14,682
- Other debts -€4,479
down €4,479 (-10.2%), from €43,842 to €39,364
- Gross operating margin +€8,155
up €8,155 (+3.0%), from €274,654 to €282,810
- Staff costs +€5,633
up €5,633 (+2.3%), from €246,131 to €251,764
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 | €287,302 | €261,963 | -€25,339 | -8.8% |
| Fixed assets | 21/28 | €164,400 | €122,484 | -€41,916 | -25.5% |
| Intangible fixed assets | 21 | €1,532 | €732 | -€800 | -52.2% |
| Tangible fixed assets | 22/27 | €162,868 | €121,752 | -€41,116 | -25.2% |
| Land and buildings | 22 | €118,812 | €99,567 | -€19,245 | -16.2% |
| Plant, machinery and equipment | 23 | €22,772 | €13,461 | -€9,311 | -40.9% |
| Furniture and vehicles | 24 | €21,284 | €8,724 | -€12,559 | -59.0% |
| Current assets | 29/58 | €122,902 | €139,479 | +€16,577 | +13.5% |
| Stocks and contracts in progress | 3 | €25,900 | €35,800 | +€9,900 | +38.2% |
| Stocks | 30/36 | €25,900 | €35,800 | +€9,900 | +38.2% |
| Amounts receivable within one year | 40/41 | €18,063 | €24,619 | +€6,556 | +36.3% |
| Trade receivables | 40 | €6,398 | €20,002 | +€13,604 | +213% |
| Other amounts receivable | 41 | €11,665 | €4,617 | -€7,048 | -60.4% |
| Cash at bank and in hand | 54/58 | €72,699 | €78,644 | +€5,946 | +8.2% |
| Deferred charges and accrued income | 490/1 | €6,241 | €415 | -€5,825 | -93.3% |
| Total equity and liabilities | 10/49 | €287,302 | €261,963 | -€25,339 | -8.8% |
| Equity | 10/15 | €51,940 | €32,328 | -€19,613 | -37.8% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €57,708 | €57,708 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €57,708 | €57,708 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,767 | -€60,380 | -€19,613 | -48.1% |
| Amounts payable | 17/49 | €235,362 | €229,635 | -€5,727 | -2.4% |
| Amounts payable after more than one year | 17 | €114,452 | €100,611 | -€13,841 | -12.1% |
| Financial debts | 170/4 | €114,452 | €100,611 | -€13,841 | -12.1% |
| Amounts payable within one year | 42/48 | €120,844 | €129,024 | +€8,180 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | €23,062 | €14,682 | -€8,381 | -36.3% |
| Financial debts | 43 | €11 | €12 | +€1 | +9.1% |
| Credit institutions | 430/8 | €11 | €12 | +€1 | +9.1% |
| Trade debts | 44 | €22,313 | €45,808 | +€23,495 | +105% |
| Suppliers | 440/4 | €22,313 | €45,808 | +€23,495 | +105% |
| Taxes, remuneration and social security | 45 | €31,615 | €29,158 | -€2,457 | -7.8% |
| Taxes | 450/3 | €5,806 | €9,190 | +€3,384 | +58.3% |
| Remuneration and social security | 454/9 | €25,809 | €19,968 | -€5,841 | -22.6% |
| Other amounts payable | 47/48 | €43,842 | €39,364 | -€4,479 | -10.2% |
| Accrued charges and deferred income | 492/3 | €66 | €0 | -€66 | -100% |
| Remuneration, social security and pensions | 62 | €246,131 | €251,764 | +€5,633 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,200 | €42,535 | -€665 | -1.5% |
| Other operating charges | 640/8 | €1,079 | €903 | -€176 | -16.3% |
| Gross operating margin | 9900 | €274,654 | €282,810 | +€8,155 | +3.0% |
| Operating profit (loss) | 9901 | -€15,755 | -€12,392 | +€3,363 | +21.3% |
| Financial income | 75/76B | €50 | €90 | +€40 | +79.5% |
| Recurring financial income | 75 | €50 | €90 | +€40 | +79.5% |
| Financial charges | 65/66B | €7,935 | €6,826 | -€1,109 | -14.0% |
| Recurring financial charges | 65 | €7,935 | €6,826 | -€1,109 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | -€23,641 | -€19,128 | +€4,512 | +19.1% |
| Income taxes | 67/77 | €431 | €485 | +€54 | +12.5% |
| Profit (loss) for the period | 9904 | -€24,071 | -€19,613 | +€4,459 | +18.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,071 | -€19,613 | +€4,459 | +18.5% |
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 16 October 2026 via checked.be.