LEHA: 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.
LEHA
Largest movements
- Cash -€10,242
down €10,242 (-67.1%), from €15,274 to €5,032
mainly Other debts (-€41,521) and Receivables within one year (-€5,942)
- Other debts -€41,521
down €41,521 (-10.4%), from €399,335 to €357,814
- Profit (loss) carried forward +€18,034
up €18,034 (+6.4%), from -€282,068 to -€264,033
- Tax, wage and social debts +€9,350
up €9,350 (+14,134%), from €66 to €9,416
- Write-downs -€56,443
down €56,443 (-77.1%), from €73,168 to €16,725
- Gross operating margin -€20,513
down €20,513 (-24.2%), from €84,819 to €64,306
- Financial income -€1,949
down €1,949 (-100%), from €1,949 to €0
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 | €885,203 | €875,529 | -€9,674 | -1.1% |
| Fixed assets | 21/28 | €544,940 | €539,552 | -€5,388 | -1.0% |
| Tangible fixed assets | 22/27 | €22,304 | €16,916 | -€5,388 | -24.2% |
| Furniture and vehicles | 24 | €22,304 | €16,916 | -€5,388 | -24.2% |
| Financial fixed assets | 28 | €522,636 | €522,636 | = | 0.0% |
| Current assets | 29/58 | €340,263 | €335,977 | -€4,287 | -1.3% |
| Amounts receivable within one year | 40/41 | €324,598 | €330,541 | +€5,942 | +1.8% |
| Trade receivables | 40 | €17,670 | €19,360 | +€1,690 | +9.6% |
| Other amounts receivable | 41 | €306,928 | €311,181 | +€4,252 | +1.4% |
| Cash at bank and in hand | 54/58 | €15,274 | €5,032 | -€10,242 | -67.1% |
| Deferred charges and accrued income | 490/1 | €391 | €404 | +€13 | +3.4% |
| Total equity and liabilities | 10/49 | €885,203 | €875,529 | -€9,674 | -1.1% |
| Equity | 10/15 | €481,318 | €499,352 | +€18,034 | +3.7% |
| Contributions | 10/11 | €755,827 | €755,827 | = | 0.0% |
| Capital | 10 | €755,827 | €755,827 | = | 0.0% |
| Issued capital | 100 | €755,827 | €755,827 | = | 0.0% |
| Reserves | 13 | €7,558 | €7,558 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,558 | €7,558 | = | 0.0% |
| Legal reserve | 130 | €7,558 | €7,558 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€282,068 | -€264,033 | +€18,034 | +6.4% |
| Amounts payable | 17/49 | €403,885 | €376,176 | -€27,709 | -6.9% |
| Amounts payable within one year | 42/48 | €403,885 | €376,176 | -€27,709 | -6.9% |
| Trade debts | 44 | €4,484 | €8,946 | +€4,462 | +99.5% |
| Suppliers | 440/4 | €4,484 | €8,946 | +€4,462 | +99.5% |
| Taxes, remuneration and social security | 45 | €66 | €9,416 | +€9,350 | +14,134% |
| Taxes | 450/3 | €66 | €9,416 | +€9,350 | +14,134% |
| Other amounts payable | 47/48 | €399,335 | €357,814 | -€41,521 | -10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,635 | €5,388 | +€753 | +16.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €73,168 | €16,725 | -€56,443 | -77.1% |
| Other operating charges | 640/8 | €1,480 | €1,272 | -€207 | -14.0% |
| Non-recurring operating charges | 66A | €1,414 | €18,104 | +€16,690 | +1,180% |
| Gross operating margin | 9900 | €84,819 | €64,306 | -€20,513 | -24.2% |
| Operating profit (loss) | 9901 | €4,122 | €22,817 | +€18,695 | +454% |
| Financial income | 75/76B | €1,949 | €0 | -€1,949 | -100% |
| Recurring financial income | 75 | €1,949 | €0 | -€1,949 | -100% |
| Financial charges | 65/66B | €4,656 | €4,566 | -€90 | -1.9% |
| Recurring financial charges | 65 | €4,656 | €4,566 | -€90 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €1,414 | €18,251 | +€16,837 | +1,190% |
| Income taxes | 67/77 | €216 | €216 | +€0 | +0.1% |
| Profit (loss) for the period | 9904 | €1,198 | €18,034 | +€16,836 | +1,405% |
| Profit (loss) for the period to be appropriated | 9905 | €1,198 | €18,034 | +€16,836 | +1,405% |
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 17 October 2026 via checked.be.