Lai Hong: 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.
Lai Hong
Largest movements
- Tangible fixed assets -€47,019
down €47,019 (-91.4%), from €51,429 to €4,410
of which Plant, machinery and equipment: -€49,086
- Receivables within one year +€36,542
up €36,542 (+185%), from €19,735 to €56,277
of which Other amounts receivable: +€44,259
- Intangible fixed assets -€24,361
no longer reported in 2025 (was €24,361)
- Stocks and contracts -€3,826
down €3,826 (-36.4%), from €10,524 to €6,698
- Financial fixed assets -€3,400
no longer reported in 2025 (was €3,400)
- Profit (loss) carried forward -€23,295
down €23,295, from €6,424 to -€16,871
- Other debts -€13,675
no longer reported in 2025 (was €13,675)
- Debts after one year -€12,602
down €12,602 (-21.2%), from €59,441 to €46,839
- Trade debts +€3,413
up €3,413 (+21.5%), from €15,892 to €19,305
- Tax, wage and social debts +€2,132
up €2,132 (+69.7%), from €3,059 to €5,191
of which Taxes: +€2,270
- Gross operating margin -€30,260
down €30,260 (-86.4%), from €35,004 to €4,743
- Other operating charges +€19,747
up €19,747 (+800%), from €2,468 to €22,215
- Depreciation -€13,739
down €13,739 (-96.7%), from €14,211 to €472
- Staff costs -€5,177
down €5,177 (-79.2%), from €6,538 to €1,361
- Taxes -€1,749
no longer reported in 2025 (was €1,749)
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 | €110,869 | €67,787 | -€43,082 | -38.9% |
| Fixed assets | 21/28 | €79,189 | €4,410 | -€74,779 | -94.4% |
| Intangible fixed assets | 21 | €24,361 | - | -€24,361 | |
| Tangible fixed assets | 22/27 | €51,429 | €4,410 | -€47,019 | -91.4% |
| Plant, machinery and equipment | 23 | €51,429 | €2,343 | -€49,086 | -95.4% |
| Furniture and vehicles | 24 | - | €964 | +€964 | |
| Other tangible fixed assets | 26 | - | €1,102 | +€1,102 | |
| Financial fixed assets | 28 | €3,400 | - | -€3,400 | |
| Current assets | 29/58 | €31,680 | €63,377 | +€31,697 | +100% |
| Stocks and contracts in progress | 3 | €10,524 | €6,698 | -€3,826 | -36.4% |
| Stocks | 30/36 | €10,524 | €6,698 | -€3,826 | -36.4% |
| Amounts receivable within one year | 40/41 | €19,735 | €56,277 | +€36,542 | +185% |
| Trade receivables | 40 | €10,005 | €2,288 | -€7,716 | -77.1% |
| Other amounts receivable | 41 | €9,730 | €53,989 | +€44,259 | +455% |
| Cash at bank and in hand | 54/58 | €628 | €401 | -€227 | -36.2% |
| Deferred charges and accrued income | 490/1 | €792 | - | -€792 | |
| Total equity and liabilities | 10/49 | €110,869 | €67,787 | -€43,082 | -38.9% |
| Equity | 10/15 | €16,424 | -€6,871 | -€23,295 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,424 | -€16,871 | -€23,295 | |
| Amounts payable | 17/49 | €94,445 | €74,658 | -€19,787 | -21.0% |
| Amounts payable after more than one year | 17 | €59,441 | €46,839 | -€12,602 | -21.2% |
| Financial debts | 170/4 | €59,441 | €46,839 | -€12,602 | -21.2% |
| Amounts payable within one year | 42/48 | €35,004 | €27,819 | -€7,186 | -20.5% |
| Financial debts | 43 | €2,378 | €3,322 | +€944 | +39.7% |
| Credit institutions | 430/8 | €2,378 | €3,322 | +€944 | +39.7% |
| Trade debts | 44 | €15,892 | €19,305 | +€3,413 | +21.5% |
| Suppliers | 440/4 | €15,892 | €19,305 | +€3,413 | +21.5% |
| Taxes, remuneration and social security | 45 | €3,059 | €5,191 | +€2,132 | +69.7% |
| Taxes | 450/3 | €2,921 | €5,191 | +€2,270 | +77.7% |
| Remuneration and social security | 454/9 | €138 | - | -€138 | |
| Other amounts payable | 47/48 | €13,675 | - | -€13,675 | |
| Remuneration, social security and pensions | 62 | €6,538 | €1,361 | -€5,177 | -79.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,211 | €472 | -€13,739 | -96.7% |
| Other operating charges | 640/8 | €2,468 | €22,215 | +€19,747 | +800% |
| Gross operating margin | 9900 | €35,004 | €4,743 | -€30,260 | -86.4% |
| Operating profit (loss) | 9901 | €11,787 | -€19,304 | -€31,091 | |
| Financial income | 75/76B | €3 | €69 | +€67 | +2,362% |
| Recurring financial income | 75 | €3 | €69 | +€67 | +2,362% |
| Financial charges | 65/66B | €3,617 | €3,268 | -€349 | -9.6% |
| Recurring financial charges | 65 | €3,617 | €3,268 | -€349 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €8,172 | -€22,503 | -€30,675 | |
| Income taxes | 67/77 | €1,749 | - | -€1,749 | |
| Profit (loss) for the period | 9904 | €6,424 | -€22,503 | -€28,926 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,424 | -€22,503 | -€28,926 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.