Lahousse Maxime: 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 Maxime
Largest movements
- Tangible fixed assets -€6,610
down €6,610 (-39.0%), from €16,954 to €10,344
of which Plant, machinery and equipment: -€5,018
- Cash -€5,425
down €5,425 (-64.6%), from €8,398 to €2,973
mainly Net result for the year (-€28,597) and Deferred charges and accrued income (-€1,523)
- Deferred charges and accrued income +€1,523
new in 2025: €1,523
- Intangible fixed assets -€352
down €352 (-21.4%), from €1,642 to €1,290
- Profit (loss) carried forward -€28,597
down €28,597 (-70.3%), from -€40,649 to -€69,246
- Debts after one year +€16,794
up €16,794 (+28.1%), from €59,745 to €76,539
- Trade debts +€1,564
up €1,564 (+577%), from €271 to €1,835
- Tax, wage and social debts -€1,249
down €1,249 (-37.0%), from €3,379 to €2,130
- Other debts +€834
up €834 (+101%), from €825 to €1,659
- Gross operating margin -€2,017
down €2,017 (-10.9%), from -€18,446 to -€20,462
- Depreciation +€355
up €355 (+5.4%), from €6,608 to €6,962
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 | €29,830 | €19,123 | -€10,707 | -35.9% |
| Fixed assets | 21/28 | €18,657 | €11,694 | -€6,962 | -37.3% |
| Intangible fixed assets | 21 | €1,642 | €1,290 | -€352 | -21.4% |
| Tangible fixed assets | 22/27 | €16,954 | €10,344 | -€6,610 | -39.0% |
| Plant, machinery and equipment | 23 | €15,363 | €10,344 | -€5,018 | -32.7% |
| Furniture and vehicles | 24 | €1,592 | €0 | -€1,592 | -100% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €11,173 | €7,428 | -€3,744 | -33.5% |
| Amounts receivable within one year | 40/41 | €2,775 | €2,933 | +€158 | +5.7% |
| Trade receivables | 40 | €2,775 | €2,735 | -€40 | -1.4% |
| Other amounts receivable | 41 | €0 | €198 | +€198 | |
| Cash at bank and in hand | 54/58 | €8,398 | €2,973 | -€5,425 | -64.6% |
| Deferred charges and accrued income | 490/1 | - | €1,523 | +€1,523 | |
| Total equity and liabilities | 10/49 | €29,830 | €19,123 | -€10,707 | -35.9% |
| Equity | 10/15 | -€37,649 | -€66,246 | -€28,597 | -76.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,649 | -€69,246 | -€28,597 | -70.3% |
| Amounts payable | 17/49 | €67,479 | €85,369 | +€17,890 | +26.5% |
| Amounts payable after more than one year | 17 | €59,745 | €76,539 | +€16,794 | +28.1% |
| Financial debts | 170/4 | €59,745 | €76,539 | +€16,794 | +28.1% |
| Amounts payable within one year | 42/48 | €7,734 | €8,830 | +€1,096 | +14.2% |
| Current portion of amounts payable after more than one year | 42 | €3,152 | €3,206 | +€54 | +1.7% |
| Financial debts | 43 | €107 | €0 | -€107 | -100% |
| Credit institutions | 430/8 | €107 | €0 | -€107 | -100% |
| Trade debts | 44 | €271 | €1,835 | +€1,564 | +577% |
| Suppliers | 440/4 | €271 | €1,835 | +€1,564 | +577% |
| Taxes, remuneration and social security | 45 | €3,379 | €2,130 | -€1,249 | -37.0% |
| Taxes | 450/3 | €3,379 | €2,130 | -€1,249 | -37.0% |
| Other amounts payable | 47/48 | €825 | €1,659 | +€834 | +101% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,608 | €6,962 | +€355 | +5.4% |
| Other operating charges | 640/8 | €767 | €845 | +€78 | +10.2% |
| Gross operating margin | 9900 | -€18,446 | -€20,462 | -€2,017 | -10.9% |
| Operating profit (loss) | 9901 | -€25,820 | -€28,270 | -€2,450 | -9.5% |
| Financial income | 75/76B | €6 | €28 | +€22 | +403% |
| Recurring financial income | 75 | €6 | €28 | +€22 | +403% |
| Financial charges | 65/66B | €260 | €214 | -€46 | -17.7% |
| Recurring financial charges | 65 | €260 | €214 | -€46 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | -€26,075 | -€28,456 | -€2,381 | -9.1% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€26,214 | -€28,597 | -€2,383 | -9.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,214 | -€28,597 | -€2,383 | -9.1% |
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 14 October 2026 via checked.be.