LAHEMA: 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.
LAHEMA
Largest movements
- Receivables within one year +€21,965
up €21,965 (+34.8%), from €63,095 to €85,059
of which Other amounts receivable: +€21,972
- Tangible fixed assets +€15,227
up €15,227 (+77.9%), from €19,547 to €34,774
of which Other tangible fixed assets: +€16,320
- Cash +€8,932
up €8,932 (+164.0%), from €5,446 to €14,378
mainly Net result for the year (+€46,436) and Tax, wage and social debts (+€7,057)
- Reserves +€46,436
up €46,436 (+76.3%), from €60,863 to €107,299
- Trade debts -€7,743
down €7,743 (-81.7%), from €9,477 to €1,735
- Tax, wage and social debts +€7,057
up €7,057 (+61.7%), from €11,433 to €18,490
of which Remuneration and social security: +€3,530
- Gross operating margin +€22,710
up €22,710 (+53.5%), from €42,445 to €65,155
- Taxes +€3,534
up €3,534 (+30.9%), from €11,420 to €14,955
- Depreciation +€2,695
up €2,695 (+101.5%), from €2,655 to €5,351
- Financial income +€2,030
up €2,030 (+168.4%), from €1,205 to €3,235
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €88,522 | €134,646 | +€46,124 | +52.1% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €19,547 | €34,774 | +€15,227 | +77.9% |
| Tangible fixed assets | 22/27 | €19,547 | €34,774 | +€15,227 | +77.9% |
| Plant, machinery and equipment | 23 | €4,662 | €3,462 | -€1,200 | -25.7% |
| Furniture and vehicles | 24 | €2,839 | €2,945 | +€107 | +3.8% |
| Other tangible fixed assets | 26 | €12,047 | €28,367 | +€16,320 | +135.5% |
| Current assets | 29/58 | €68,975 | €99,871 | +€30,896 | +44.8% |
| Amounts receivable within one year | 40/41 | €63,095 | €85,059 | +€21,965 | +34.8% |
| Trade receivables | 40 | €20,137 | €20,130 | -€7 | 0.0% |
| Other amounts receivable | 41 | €42,958 | €64,929 | +€21,972 | +51.1% |
| Cash at bank and in hand | 54/58 | €5,446 | €14,378 | +€8,932 | +164.0% |
| Deferred charges and accrued income | 490/1 | €434 | €434 | -€1 | -0.1% |
| Total equity and liabilities | 10/49 | €88,522 | €134,646 | +€46,124 | +52.1% |
| Equity | 10/15 | €66,863 | €113,299 | +€46,436 | +69.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €60,863 | €107,299 | +€46,436 | +76.3% |
| Distributable reserves | 133 | €60,863 | €107,299 | +€46,436 | +76.3% |
| Amounts payable | 17/49 | €21,659 | €21,346 | -€313 | -1.4% |
| Amounts payable within one year | 42/48 | €20,910 | €20,225 | -€685 | -3.3% |
| Trade debts | 44 | €9,477 | €1,735 | -€7,743 | -81.7% |
| Suppliers | 440/4 | €9,477 | €1,735 | -€7,743 | -81.7% |
| Taxes, remuneration and social security | 45 | €11,433 | €18,490 | +€7,057 | +61.7% |
| Taxes | 450/3 | €11,433 | €14,960 | +€3,527 | +30.9% |
| Remuneration and social security | 454/9 | - | €3,530 | +€3,530 | |
| Accrued charges and deferred income | 492/3 | €749 | €1,122 | +€373 | +49.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,655 | €5,351 | +€2,695 | +101.5% |
| Other operating charges | 640/8 | €962 | €764 | -€198 | -20.6% |
| Gross operating margin | 9900 | €42,445 | €65,155 | +€22,710 | +53.5% |
| Operating profit (loss) | 9901 | €38,827 | €59,040 | +€20,213 | +52.1% |
| Financial income | 75/76B | €1,205 | €3,235 | +€2,030 | +168.4% |
| Recurring financial income | 75 | €1,205 | €3,235 | +€2,030 | +168.4% |
| Financial charges | 65/66B | €913 | €884 | -€29 | -3.1% |
| Recurring financial charges | 65 | €913 | €884 | -€29 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €39,120 | €61,391 | +€22,271 | +56.9% |
| Income taxes | 67/77 | €11,420 | €14,955 | +€3,534 | +30.9% |
| Profit (loss) for the period | 9904 | €27,699 | €46,436 | +€18,737 | +67.6% |
| Profit (loss) for the period to be appropriated | 9905 | €27,699 | €46,436 | +€18,737 | +67.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.