L.P.H.: 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.P.H.
Largest movements
- Tangible fixed assets -€7,268
down €7,268 (-17.3%), from €42,123 to €34,855
of which Plant, machinery and equipment: -€5,836
- Cash -€7,237
down €7,237 (-24.8%), from €29,219 to €21,982
mainly Net result for the year (-€13,558) and Investment in fixed assets (net) (-€5,031)
- Receivables within one year -€3,930
down €3,930 (-84.2%), from €4,667 to €737
of which Trade receivables: -€2,420
- Profit (loss) carried forward -€13,558
down €13,558 (-153%), from -€8,885 to -€22,443
- Other debts -€4,796
down €4,796 (-9.1%), from €52,986 to €48,190
- Trade debts -€1,588
down €1,588 (-96.3%), from €1,648 to €60
- Tax, wage and social debts +€790
new in 2025: €790
- Gross operating margin -€15,615
down €15,615 (-97.6%), from €16,006 to €391
- Depreciation +€2,025
up €2,025 (+19.7%), from €10,274 to €12,299
- Financial charges +€1,076
up €1,076 (+463%), from €233 to €1,309
- Other operating charges -€589
down €589 (-57.3%), from €1,027 to €439
- Financial income -€327
down €327 (-77.1%), from €424 to €97
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 | €76,985 | €57,832 | -€19,153 | -24.9% |
| Fixed assets | 21/28 | €42,373 | €35,105 | -€7,268 | -17.2% |
| Tangible fixed assets | 22/27 | €42,123 | €34,855 | -€7,268 | -17.3% |
| Plant, machinery and equipment | 23 | €37,255 | €31,419 | -€5,836 | -15.7% |
| Furniture and vehicles | 24 | €4,868 | €3,435 | -€1,432 | -29.4% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €34,612 | €22,728 | -€11,885 | -34.3% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €4,667 | €737 | -€3,930 | -84.2% |
| Trade receivables | 40 | €2,420 | €0 | -€2,420 | -100% |
| Other amounts receivable | 41 | €2,247 | €737 | -€1,510 | -67.2% |
| Cash at bank and in hand | 54/58 | €29,219 | €21,982 | -€7,237 | -24.8% |
| Deferred charges and accrued income | 490/1 | €726 | €8 | -€717 | -98.8% |
| Total equity and liabilities | 10/49 | €76,985 | €57,832 | -€19,153 | -24.9% |
| Equity | 10/15 | €22,351 | €8,793 | -€13,558 | -60.7% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €6,447 | €6,447 | = | 0.0% |
| Distributable reserves | 133 | €6,447 | €6,447 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,885 | -€22,443 | -€13,558 | -153% |
| Amounts payable | 17/49 | €54,634 | €49,039 | -€5,594 | -10.2% |
| Amounts payable within one year | 42/48 | €54,634 | €49,039 | -€5,594 | -10.2% |
| Trade debts | 44 | €1,648 | €60 | -€1,588 | -96.3% |
| Suppliers | 440/4 | €1,648 | €60 | -€1,588 | -96.3% |
| Taxes, remuneration and social security | 45 | - | €790 | +€790 | |
| Taxes | 450/3 | - | €790 | +€790 | |
| Other amounts payable | 47/48 | €52,986 | €48,190 | -€4,796 | -9.1% |
| Non-recurring operating income | 76A | - | €19,855 | +€19,855 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,274 | €12,299 | +€2,025 | +19.7% |
| Other operating charges | 640/8 | €1,027 | €439 | -€589 | -57.3% |
| Non-recurring operating charges | 66A | €52 | €0 | -€52 | -100% |
| Gross operating margin | 9900 | €16,006 | €391 | -€15,615 | -97.6% |
| Operating profit (loss) | 9901 | €4,652 | -€12,347 | -€16,999 | |
| Financial income | 75/76B | €424 | €97 | -€327 | -77.1% |
| Recurring financial income | 75 | €424 | €97 | -€327 | -77.1% |
| Financial charges | 65/66B | €233 | €1,309 | +€1,076 | +463% |
| Recurring financial charges | 65 | €233 | €1,309 | +€1,076 | +463% |
| Profit (loss) for the period before taxes | 9903 | €4,844 | -€13,558 | -€18,402 | |
| Income taxes | 67/77 | €3 | €0 | -€3 | -100% |
| Profit (loss) for the period | 9904 | €4,841 | -€13,558 | -€18,399 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,841 | -€13,558 | -€18,399 |
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 28 October 2026 via checked.be.