LAHOUSSE: 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.
LAHOUSSE
Largest movements
- Receivables within one year +€140,511
up €140,511 (+59.1%), from €237,838 to €378,349
of which Trade receivables: +€154,057
- Deferred charges and accrued income -€24,505
down €24,505 (-65.6%), from €37,334 to €12,829
- Cash -€13,345
down €13,345 (-2.1%), from €631,175 to €617,830
mainly Receivables within one year (-€140,511) and Investment in fixed assets (net) (-€12,777)
- Trade debts +€75,300
up €75,300 (+34.1%), from €221,061 to €296,361
- Tax, wage and social debts +€14,760
up €14,760 (+21.9%), from €67,506 to €82,267
of which Remuneration and social security: +€9,424
- Staff costs -€72,342
down €72,342 (-9.8%), from €735,133 to €662,791
- Gross operating margin -€54,557
down €54,557 (-6.8%), from €796,483 to €741,926
- Other operating charges -€10,867
down €10,867 (-49.1%), from €22,114 to €11,247
- Financial charges +€8,589
up €8,589 (+36.6%), from €23,494 to €32,082
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 | €1,063,338 | €1,145,280 | +€81,942 | +7.7% |
| Fixed assets | 21/28 | €86,099 | €75,489 | -€10,609 | -12.3% |
| Intangible fixed assets | 21 | €5,119 | €4,041 | -€1,078 | -21.1% |
| Tangible fixed assets | 22/27 | €77,522 | €67,990 | -€9,531 | -12.3% |
| Land and buildings | 22 | €5,218 | €4,649 | -€569 | -10.9% |
| Plant, machinery and equipment | 23 | €9,518 | €6,450 | -€3,067 | -32.2% |
| Furniture and vehicles | 24 | €62,786 | €56,891 | -€5,895 | -9.4% |
| Financial fixed assets | 28 | €3,458 | €3,458 | = | 0.0% |
| Current assets | 29/58 | €977,239 | €1,069,790 | +€92,551 | +9.5% |
| Stocks and contracts in progress | 3 | €70,892 | €60,782 | -€10,110 | -14.3% |
| Stocks | 30/36 | €70,892 | €60,782 | -€10,110 | -14.3% |
| Amounts receivable within one year | 40/41 | €237,838 | €378,349 | +€140,511 | +59.1% |
| Trade receivables | 40 | €168,081 | €322,137 | +€154,057 | +91.7% |
| Other amounts receivable | 41 | €69,757 | €56,212 | -€13,545 | -19.4% |
| Cash at bank and in hand | 54/58 | €631,175 | €617,830 | -€13,345 | -2.1% |
| Deferred charges and accrued income | 490/1 | €37,334 | €12,829 | -€24,505 | -65.6% |
| Total equity and liabilities | 10/49 | €1,063,338 | €1,145,280 | +€81,942 | +7.7% |
| Equity | 10/15 | €722,363 | €732,672 | +€10,309 | +1.4% |
| Contributions | 10/11 | €315,000 | €315,000 | = | 0.0% |
| Capital | 10 | €315,000 | €315,000 | = | 0.0% |
| Issued capital | 100 | €315,000 | €315,000 | = | 0.0% |
| Reserves | 13 | €272,573 | €272,573 | = | 0.0% |
| Non-distributable reserves | 130/1 | €31,500 | €31,500 | = | 0.0% |
| Legal reserve | 130 | €31,500 | €31,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,440 | €7,440 | = | 0.0% |
| Distributable reserves | 133 | €233,633 | €233,633 | = | 0.0% |
| Profit (loss) carried forward | 14 | €134,790 | €145,099 | +€10,309 | +7.6% |
| Amounts payable | 17/49 | €340,975 | €412,608 | +€71,633 | +21.0% |
| Amounts payable after more than one year | 17 | €33,827 | €22,952 | -€10,875 | -32.1% |
| Financial debts | 170/4 | €33,827 | €22,952 | -€10,875 | -32.1% |
| Amounts payable within one year | 42/48 | €307,148 | €389,656 | +€82,507 | +26.9% |
| Current portion of amounts payable after more than one year | 42 | €10,492 | €10,875 | +€382 | +3.6% |
| Trade debts | 44 | €221,061 | €296,361 | +€75,300 | +34.1% |
| Suppliers | 440/4 | €221,061 | €296,361 | +€75,300 | +34.1% |
| Advances received on contracts in progress | 46 | €8,089 | €0 | -€8,089 | -100% |
| Taxes, remuneration and social security | 45 | €67,506 | €82,267 | +€14,760 | +21.9% |
| Taxes | 450/3 | €7,095 | €12,431 | +€5,336 | +75.2% |
| Remuneration and social security | 454/9 | €60,411 | €69,836 | +€9,424 | +15.6% |
| Other amounts payable | 47/48 | - | €153 | +€153 | |
| Non-recurring operating income | 76A | €2,790 | €0 | -€2,790 | -100% |
| Remuneration, social security and pensions | 62 | €735,133 | €662,791 | -€72,342 | -9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,968 | €23,386 | +€3,419 | +17.1% |
| Other operating charges | 640/8 | €22,114 | €11,247 | -€10,867 | -49.1% |
| Gross operating margin | 9900 | €796,483 | €741,926 | -€54,557 | -6.8% |
| Operating profit (loss) | 9901 | €19,268 | €44,502 | +€25,235 | +131% |
| Financial income | 75/76B | €4,138 | €7,079 | +€2,941 | +71.1% |
| Recurring financial income | 75 | €4,138 | €7,079 | +€2,941 | +71.1% |
| Financial charges | 65/66B | €23,494 | €32,082 | +€8,589 | +36.6% |
| Recurring financial charges | 65 | €23,494 | €32,082 | +€8,589 | +36.6% |
| Profit (loss) for the period before taxes | 9903 | -€88 | €19,499 | +€19,587 | |
| Income taxes | 67/77 | €3,761 | €9,190 | +€5,429 | +144% |
| Profit (loss) for the period | 9904 | -€3,849 | €10,309 | +€14,158 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,849 | €10,309 | +€14,158 |
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 15 October 2026 via checked.be.