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
- Receivables within one year -€83,438
down €83,438 (-100.0%), from €83,456 to €19
of which Other amounts receivable: -€74,537
- Tangible fixed assets -€43,737
down €43,737 (-15.1%), from €289,771 to €246,035
of which Land and buildings: -€33,084
- Cash +€34,872
up €34,872 (+23.5%), from €148,339 to €183,211
mainly Receivables within one year (+€83,438) and Depreciation (+€49,810)
- Stocks and contracts -€12,191
down €12,191 (-28.0%), from €43,534 to €31,344
- Debts after one year -€64,744
down €64,744 (-30.2%), from €214,627 to €149,883
- Other debts -€31,331
down €31,331 (-68.6%), from €45,641 to €14,310
- Trade debts -€24,721
down €24,721 (-53.6%), from €46,123 to €21,402
- Tax, wage and social debts +€11,497
up €11,497 (+23.7%), from €48,547 to €60,045
- Gross operating margin -€143,488
down €143,488 (-57.8%), from €248,054 to €104,566
- Taxes -€26,953
down €26,953 (-56.3%), from €47,882 to €20,929
- Other operating charges +€3,043
up €3,043 (+23.1%), from €13,171 to €16,215
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.
Cash bridge derived
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 | €574,828 | €471,347 | -€103,481 | -18.0% |
| Fixed assets | 21/28 | €289,901 | €246,165 | -€43,737 | -15.1% |
| Tangible fixed assets | 22/27 | €289,771 | €246,035 | -€43,737 | -15.1% |
| Land and buildings | 22 | €272,722 | €239,639 | -€33,084 | -12.1% |
| Plant, machinery and equipment | 23 | €8,754 | €6,159 | -€2,595 | -29.6% |
| Furniture and vehicles | 24 | €428 | €237 | -€191 | -44.6% |
| Leasing and similar rights | 25 | €7,867 | - | -€7,867 | |
| Financial fixed assets | 28 | €130 | €130 | = | 0.0% |
| Current assets | 29/58 | €284,927 | €225,182 | -€59,744 | -21.0% |
| Stocks and contracts in progress | 3 | €43,534 | €31,344 | -€12,191 | -28.0% |
| Stocks | 30/36 | €43,534 | €31,344 | -€12,191 | -28.0% |
| Amounts receivable within one year | 40/41 | €83,456 | €19 | -€83,438 | -100.0% |
| Trade receivables | 40 | €8,901 | - | -€8,901 | |
| Other amounts receivable | 41 | €74,556 | €19 | -€74,537 | -100.0% |
| Cash at bank and in hand | 54/58 | €148,339 | €183,211 | +€34,872 | +23.5% |
| Deferred charges and accrued income | 490/1 | €9,597 | €10,609 | +€1,012 | +10.5% |
| Total equity and liabilities | 10/49 | €574,828 | €471,347 | -€103,481 | -18.0% |
| Equity | 10/15 | €157,897 | €160,963 | +€3,066 | +1.9% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Contributions outside capital | 11 | €8,060 | €8,060 | = | 0.0% |
| Other | 1109/19 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €1,140 | €1,140 | = | 0.0% |
| Distributable reserves | 133 | €1,140 | €1,140 | = | 0.0% |
| Profit (loss) carried forward | 14 | €148,697 | €151,763 | +€3,066 | +2.1% |
| Amounts payable | 17/49 | €416,931 | €310,384 | -€106,547 | -25.6% |
| Amounts payable after more than one year | 17 | €214,627 | €149,883 | -€64,744 | -30.2% |
| Financial debts | 170/4 | €214,627 | €149,883 | -€64,744 | -30.2% |
| Amounts payable within one year | 42/48 | €202,303 | €160,501 | -€41,802 | -20.7% |
| Current portion of amounts payable after more than one year | 42 | €61,992 | €64,744 | +€2,753 | +4.4% |
| Trade debts | 44 | €46,123 | €21,402 | -€24,721 | -53.6% |
| Suppliers | 440/4 | €46,123 | €21,402 | -€24,721 | -53.6% |
| Taxes, remuneration and social security | 45 | €48,547 | €60,045 | +€11,497 | +23.7% |
| Taxes | 450/3 | €48,547 | €60,045 | +€11,497 | +23.7% |
| Other amounts payable | 47/48 | €45,641 | €14,310 | -€31,331 | -68.6% |
| Non-recurring operating income | 76A | €143,928 | - | -€143,928 | |
| Remuneration, social security and pensions | 62 | €3,360 | €3,080 | -€280 | -8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,025 | €49,810 | -€214 | -0.4% |
| Other operating charges | 640/8 | €13,171 | €16,215 | +€3,043 | +23.1% |
| Gross operating margin | 9900 | €248,054 | €104,566 | -€143,488 | -57.8% |
| Operating profit (loss) | 9901 | €181,498 | €35,461 | -€146,037 | -80.5% |
| Financial income | 75/76B | €25 | €1,442 | +€1,417 | +5734.8% |
| Recurring financial income | 75 | €25 | €821 | +€796 | +3222.3% |
| Non-recurring financial income | 76B | - | €621 | +€621 | |
| Financial charges | 65/66B | €14,791 | €12,908 | -€1,884 | -12.7% |
| Recurring financial charges | 65 | €14,791 | €12,183 | -€2,609 | -17.6% |
| Non-recurring financial charges | 66B | - | €725 | +€725 | |
| Profit (loss) for the period before taxes | 9903 | €166,731 | €23,995 | -€142,736 | -85.6% |
| Income taxes | 67/77 | €47,882 | €20,929 | -€26,953 | -56.3% |
| Profit (loss) for the period | 9904 | €118,849 | €3,066 | -€115,783 | -97.4% |
| Profit (loss) for the period to be appropriated | 9905 | €118,849 | €3,066 | -€115,783 | -97.4% |
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 11 October 2026 via checked.be.