LCHV: 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.
LCHV
Largest movements
- Receivables within one year +€16,839
up €16,839 (+46.7%), from €36,040 to €52,879
of which Trade receivables: +€14,823
- Cash -€4,302
down €4,302 (-83.0%), from €5,184 to €882
mainly Contributions, distributions and other (-€47,136) and Receivables within one year (-€16,839)
- Tax, wage and social debts +€36,909
up €36,909 (+478%), from €7,728 to €44,638
of which Taxes: +€35,909
- Current portion of long-term debt -€10,784
down €10,784 (-73.5%), from €14,667 to €3,883
- Other debts -€10,098
down €10,098 (-15.6%), from €64,755 to €54,657
- Debts after one year -€3,883
no longer reported in 2025 (was €3,883)
- Gross operating margin +€70,293
up €70,293 (+1,246%), from €5,640 to €75,933
- Taxes +€23,940
up €23,940 (+6,810%), from €352 to €24,291
- Depreciation -€1,884
no longer reported in 2025 (was €1,884)
- Financial charges +€1,091
up €1,091 (+51.3%), from €2,128 to €3,220
- Other operating charges +€974
new in 2025: €974
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 | €228,528 | €241,064 | +€12,537 | +5.5% |
| Fixed assets | 21/28 | €41 | €41 | = | 0.0% |
| Financial fixed assets | 28 | €41 | €41 | = | 0.0% |
| Current assets | 29/58 | €228,486 | €241,023 | +€12,537 | +5.5% |
| Amounts receivable after more than one year | 29 | €185,500 | €185,500 | = | 0.0% |
| Trade receivables | 290 | €185,500 | €185,500 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,762 | €1,762 | = | 0.0% |
| Stocks | 30/36 | €1,762 | €1,762 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €36,040 | €52,879 | +€16,839 | +46.7% |
| Trade receivables | 40 | €2,540 | €17,363 | +€14,823 | +584% |
| Other amounts receivable | 41 | €33,500 | €35,516 | +€2,016 | +6.0% |
| Cash at bank and in hand | 54/58 | €5,184 | €882 | -€4,302 | -83.0% |
| Total equity and liabilities | 10/49 | €228,528 | €241,064 | +€12,537 | +5.5% |
| Equity | 10/15 | €130,305 | €130,367 | +€62 | 0.0% |
| Contributions | 10/11 | €16,000 | €16,000 | = | 0.0% |
| Reserves | 13 | €48,413 | €48,475 | +€62 | +0.1% |
| Distributable reserves | 133 | €48,413 | €48,475 | +€62 | +0.1% |
| Profit (loss) carried forward | 14 | €65,892 | €65,892 | = | 0.0% |
| Amounts payable | 17/49 | €98,223 | €110,698 | +€12,475 | +12.7% |
| Amounts payable after more than one year | 17 | €3,883 | - | -€3,883 | |
| Financial debts | 170/4 | €3,883 | - | -€3,883 | |
| Amounts payable within one year | 42/48 | €94,340 | €110,698 | +€16,358 | +17.3% |
| Current portion of amounts payable after more than one year | 42 | €14,667 | €3,883 | -€10,784 | -73.5% |
| Financial debts | 43 | €2,264 | €1,685 | -€579 | -25.6% |
| Credit institutions | 430/8 | €2,264 | €1,685 | -€579 | -25.6% |
| Trade debts | 44 | €4,925 | €5,834 | +€909 | +18.5% |
| Suppliers | 440/4 | €4,925 | €5,834 | +€909 | +18.5% |
| Taxes, remuneration and social security | 45 | €7,728 | €44,638 | +€36,909 | +478% |
| Taxes | 450/3 | €7,728 | €43,638 | +€35,909 | +465% |
| Remuneration and social security | 454/9 | - | €1,000 | +€1,000 | |
| Other amounts payable | 47/48 | €64,755 | €54,657 | -€10,098 | -15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,884 | - | -€1,884 | |
| Other operating charges | 640/8 | - | €974 | +€974 | |
| Non-recurring operating charges | 66A | - | €250 | +€250 | |
| Gross operating margin | 9900 | €5,640 | €75,933 | +€70,293 | +1,246% |
| Operating profit (loss) | 9901 | €3,757 | €74,709 | +€70,952 | +1,889% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,128 | €3,220 | +€1,091 | +51.3% |
| Recurring financial charges | 65 | €2,128 | €3,220 | +€1,091 | +51.3% |
| Profit (loss) for the period before taxes | 9903 | €1,628 | €71,489 | +€69,861 | +4,291% |
| Income taxes | 67/77 | €352 | €24,291 | +€23,940 | +6,810% |
| Profit (loss) for the period | 9904 | €1,277 | €47,198 | +€45,921 | +3,597% |
| Profit (loss) for the period to be appropriated | 9905 | €1,277 | €47,198 | +€45,921 | +3,597% |
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 16 October 2026 via checked.be.