LAHAYE - VANHOUTTE: what changed
What changed
LAHAYE - VANHOUTTE
filed annual accounts (NBB)
Net result for the year
-€75,274
2024 · -€32,766-€42,508
Equity
€1.7m
2024 · €1.5m+€282,846
Cash
€45,489
2024 · €40,787+€4,702
Balance sheet total
€3.2m
2024 · €2.5m+€765,454
Largest movements
Assets
- Receivables within one year +€476,014
up €476,014 (+358%), from €133,055 to €609,069
- Tangible fixed assets +€284,975
up €284,975 (+12.5%), from €2.3m to €2.6m
of which Land and buildings: +€282,908
Equity and liabilities
- Trade debts +€445,503
up €445,503 (+6,274%), from €7,101 to €452,604
- Reserves +€305,569
up €305,569 (+65.6%), from €466,038 to €771,608
of which Tax-exempt reserves: +€328,194
- Provisions +€109,398
up €109,398 (+153%), from €71,334 to €180,732
- Debts after one year -€54,082
down €54,082 (-21.5%), from €251,416 to €197,333
of which Financial debts: -€54,082
Income statement
- Other operating charges +€78,351
up €78,351 (+223%), from €35,177 to €113,528
- Depreciation -€16,269
down €16,269 (-17.4%), from €93,532 to €77,263
- Taxes -€7,614
no longer reported in 2025 (was €7,614)
- Gross operating margin -€3,702
down €3,702 (-2.3%), from €163,371 to €159,669
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€32,766
Gross operating margin
-€3,702
Depreciation
+€16,269
Other operating charges
-€78,351
Other operating items
+€16,034
Financial charges
+€1,435
Taxes
+€7,614
Deferred taxes and other
-€1,807
Result 2025
-€75,274
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€70,625
Investment
-€362,239
Financing
+€296,315
Cash 2024
€40,787
From operations (derived)
+€70,625
Net result for the year
-€75,274
Depreciation
+€77,263
Receivables within one year
-€476,014
Deferred charges and accrued income
+€237
Provisions
+€109,398
Trade debts
+€445,503
Tax, wage and social debts
-€6,413
Accrued charges and deferred income
-€4,075
Investment (derived)
-€362,239
Investment in fixed assets (net)
-€362,239
Financing
+€296,315
Debts after one year
-€54,082
Current portion of long-term debt
-€7,723
Contributions, distributions and other
+€358,120
Cash 2025
€45,489
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,461,387 | €3,226,841 | +€765,454 | +31.1% |
| Fixed assets | 21/28 | €2,284,105 | €2,569,080 | +€284,975 | +12.5% |
| Tangible fixed assets | 22/27 | €2,283,831 | €2,568,806 | +€284,975 | +12.5% |
| Land and buildings | 22 | €2,142,114 | €2,425,022 | +€282,908 | +13.2% |
| Plant, machinery and equipment | 23 | €10,856 | €13,039 | +€2,183 | +20.1% |
| Furniture and vehicles | 24 | €116 | - | -€116 | |
| Other tangible fixed assets | 26 | €130,745 | €130,745 | = | 0.0% |
| Financial fixed assets | 28 | €274 | €274 | = | 0.0% |
| Current assets | 29/58 | €177,282 | €657,761 | +€480,479 | +271% |
| Amounts receivable within one year | 40/41 | €133,055 | €609,069 | +€476,014 | +358% |
| Other amounts receivable | 41 | €133,055 | €609,069 | +€476,014 | +358% |
| Cash at bank and in hand | 54/58 | €40,787 | €45,489 | +€4,702 | +11.5% |
| Deferred charges and accrued income | 490/1 | €3,440 | €3,203 | -€237 | -6.9% |
| Total equity and liabilities | 10/49 | €2,461,387 | €3,226,841 | +€765,454 | +31.1% |
| Equity | 10/15 | €1,466,038 | €1,748,885 | +€282,846 | +19.3% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €466,038 | €771,608 | +€305,569 | +65.6% |
| Non-distributable reserves | 130/1 | €100,000 | €100,000 | = | 0.0% |
| Legal reserve | 130 | €100,000 | €100,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €214,001 | €542,196 | +€328,194 | +153% |
| Distributable reserves | 133 | €152,037 | €129,412 | -€22,625 | -14.9% |
| Profit (loss) carried forward | 14 | - | -€22,723 | -€22,723 | |
| Provisions and deferred taxes | 16 | €71,334 | €180,732 | +€109,398 | +153% |
| Deferred taxes | 168 | €71,334 | €180,732 | +€109,398 | +153% |
| Amounts payable | 17/49 | €924,015 | €1,297,224 | +€373,210 | +40.4% |
| Amounts payable after more than one year | 17 | €251,416 | €197,333 | -€54,082 | -21.5% |
| Financial debts | 170/4 | €249,916 | €195,833 | -€54,082 | -21.6% |
| Other amounts payable | 178/9 | €1,500 | €1,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €668,439 | €1,099,806 | +€431,367 | +64.5% |
| Current portion of amounts payable after more than one year | 42 | €61,805 | €54,082 | -€7,723 | -12.5% |
| Trade debts | 44 | €7,101 | €452,604 | +€445,503 | +6,274% |
| Suppliers | 440/4 | €7,101 | €452,604 | +€445,503 | +6,274% |
| Taxes, remuneration and social security | 45 | €19,550 | €13,137 | -€6,413 | -32.8% |
| Taxes | 450/3 | €19,550 | €13,137 | -€6,413 | -32.8% |
| Other amounts payable | 47/48 | €579,983 | €579,983 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €4,160 | €85 | -€4,075 | -98.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,532 | €77,263 | -€16,269 | -17.4% |
| Other operating charges | 640/8 | €35,177 | €113,528 | +€78,351 | +223% |
| Non-recurring operating charges | 66A | €16,034 | - | -€16,034 | |
| Gross operating margin | 9900 | €163,371 | €159,669 | -€3,702 | -2.3% |
| Operating profit (loss) | 9901 | €18,627 | -€31,122 | -€49,750 | |
| Financial charges | 65/66B | €55,561 | €54,127 | -€1,435 | -2.6% |
| Recurring financial charges | 65 | €55,561 | €54,127 | -€1,435 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | -€36,934 | -€85,249 | -€48,315 | -131% |
| Transfer from deferred taxes | 780 | €11,783 | €9,975 | -€1,807 | -15.3% |
| Income taxes | 67/77 | €7,614 | - | -€7,614 | |
| Profit (loss) for the period | 9904 | -€32,766 | -€75,274 | -€42,508 | -130% |
| Transfer from tax-exempt reserves | 789 | €35,348 | €29,926 | -€5,422 | -15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,582 | -€45,348 | -€47,930 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.