LH Construction: 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.
LH Construction
Largest movements
- Receivables within one year +€219,494
up €219,494 (+268%), from €81,773 to €301,267
of which Trade receivables: +€230,668
- Cash +€93,875
up €93,875 (+1,872%), from €5,016 to €98,890
- Financial fixed assets +€35,000
new in 2024: €35,000
- Tangible fixed assets +€32,224
up €32,224 (+76.0%), from €42,387 to €74,611
of which Furniture and vehicles: +€31,452
- Accrued charges and deferred income +€261,333
up €261,333 (+425%), from €61,453 to €322,786
- Reserves +€112,933
up €112,933 (+6,463%), from €1,747 to €114,680
- Tax, wage and social debts +€27,629
up €27,629 (+1,385%), from €1,996 to €29,625
- Other debts -€24,830
down €24,830 (-82.4%), from €30,144 to €5,314
- Trade debts +€21,757
up €21,757 (+388%), from €5,607 to €27,364
- Gross operating margin +€145,115
up €145,115 (+690%), from €21,039 to €166,153
- Taxes +€26,332
up €26,332 (+1,320%), from €1,996 to €28,328
- Staff costs +€13,267
new in 2024: €13,267
- Depreciation +€4,366
up €4,366 (+30.3%), from €14,388 to €18,754
From the 2022 result to the 2024 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €129,510 | €509,769 | +€380,259 | +294% |
| Fixed assets | 21/28 | €42,387 | €109,611 | +€67,224 | +159% |
| Tangible fixed assets | 22/27 | €42,387 | €74,611 | +€32,224 | +76.0% |
| Plant, machinery and equipment | 23 | €4,268 | €5,041 | +€772 | +18.1% |
| Furniture and vehicles | 24 | €38,119 | €69,570 | +€31,452 | +82.5% |
| Financial fixed assets | 28 | - | €35,000 | +€35,000 | |
| Current assets | 29/58 | €87,123 | €400,158 | +€313,035 | +359% |
| Amounts receivable within one year | 40/41 | €81,773 | €301,267 | +€219,494 | +268% |
| Trade receivables | 40 | €70,599 | €301,267 | +€230,668 | +327% |
| Other amounts receivable | 41 | €11,174 | - | -€11,174 | |
| Cash at bank and in hand | 54/58 | €5,016 | €98,890 | +€93,875 | +1,872% |
| Deferred charges and accrued income | 490/1 | €334 | - | -€334 | |
| Total equity and liabilities | 10/49 | €129,510 | €509,769 | +€380,259 | +294% |
| Equity | 10/15 | €11,747 | €124,680 | +€112,933 | +961% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €1,747 | €114,680 | +€112,933 | +6,463% |
| Distributable reserves | 133 | €1,747 | €114,680 | +€112,933 | +6,463% |
| Amounts payable | 17/49 | €117,763 | €385,089 | +€267,326 | +227% |
| Amounts payable within one year | 42/48 | €56,309 | €62,303 | +€5,993 | +10.6% |
| Trade debts | 44 | €5,607 | €27,364 | +€21,757 | +388% |
| Suppliers | 440/4 | €5,607 | €27,364 | +€21,757 | +388% |
| Advances received on contracts in progress | 46 | €18,563 | - | -€18,563 | |
| Taxes, remuneration and social security | 45 | €1,996 | €29,625 | +€27,629 | +1,385% |
| Taxes | 450/3 | €1,996 | €29,625 | +€27,629 | +1,385% |
| Other amounts payable | 47/48 | €30,144 | €5,314 | -€24,830 | -82.4% |
| Accrued charges and deferred income | 492/3 | €61,453 | €322,786 | +€261,333 | +425% |
| Remuneration, social security and pensions | 62 | - | €13,267 | +€13,267 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,388 | €18,754 | +€4,366 | +30.3% |
| Other operating charges | 640/8 | €2,714 | €3,508 | +€794 | +29.3% |
| Gross operating margin | 9900 | €21,039 | €166,153 | +€145,115 | +690% |
| Operating profit (loss) | 9901 | €3,937 | €130,625 | +€126,688 | +3,218% |
| Financial income | 75/76B | - | €291 | +€291 | |
| Recurring financial income | 75 | - | €291 | +€291 | |
| Financial charges | 65/66B | €194 | €887 | +€693 | +357% |
| Recurring financial charges | 65 | €194 | €887 | +€693 | +357% |
| Profit (loss) for the period before taxes | 9903 | €3,743 | €130,029 | +€126,286 | +3,374% |
| Income taxes | 67/77 | €1,996 | €28,328 | +€26,332 | +1,320% |
| Profit (loss) for the period | 9904 | €1,747 | €101,701 | +€99,954 | +5,720% |
| Profit (loss) for the period to be appropriated | 9905 | €1,747 | €101,701 | +€99,954 | +5,720% |
Source: filed annual accounts (NBB), financial years ended 30 June 2022 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.