LH engineering: 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 engineering
Largest movements
- Cash +€19,430
up €19,430 (+59.3%), from €32,749 to €52,179
mainly Net result for the year (+€15,830) and Tax, wage and social debts (+€9,251)
- Tangible fixed assets +€7,671
up €7,671 (+65.6%), from €11,699 to €19,370
of which Assets under construction and advance payments: +€12,500
- Current investments -€4,450
down €4,450 (-100.0%), from €4,450 to €0
- Receivables within one year -€2,633
down €2,633 (-17.1%), from €15,433 to €12,800
- Deferred charges and accrued income +€1,849
up €1,849 (+82.0%), from €2,255 to €4,104
- Profit (loss) carried forward +€14,997
up €14,997 (+82.9%), from €18,101 to €33,098
- Tax, wage and social debts +€9,251
up €9,251 (+62.3%), from €14,855 to €24,106
of which Taxes: +€9,333
- Current portion of long-term debt -€3,386
down €3,386 (-58.5%), from €5,788 to €2,402
- Debts after one year -€2,402
down €2,402 (-100.0%), from €2,402 to €0
- Trade debts +€1,828
up €1,828 (+76.9%), from €2,377 to €4,205
- Gross operating margin -€4,422
down €4,422 (-13.4%), from €32,921 to €28,499
- Depreciation -€1,921
down €1,921 (-28.5%), from €6,750 to €4,829
- Taxes -€1,553
down €1,553 (-21.8%), from €7,121 to €5,568
- Financial charges +€1,505
up €1,505 (+779.8%), from €193 to €1,698
- Financial income +€1,160
up €1,160 (+11739.7%), from €10 to €1,170
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.
Cash bridge derived
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 | €66,706 | €88,572 | +€21,867 | +32.8% |
| Fixed assets | 21/28 | €11,819 | €19,490 | +€7,671 | +64.9% |
| Tangible fixed assets | 22/27 | €11,699 | €19,370 | +€7,671 | +65.6% |
| Furniture and vehicles | 24 | €11,699 | €6,870 | -€4,829 | -41.3% |
| Assets under construction and advance payments | 27 | - | €12,500 | +€12,500 | |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €54,886 | €69,082 | +€14,196 | +25.9% |
| Amounts receivable within one year | 40/41 | €15,433 | €12,800 | -€2,633 | -17.1% |
| Trade receivables | 40 | €15,433 | €12,800 | -€2,633 | -17.1% |
| Current investments | 50/53 | €4,450 | €0 | -€4,450 | -100.0% |
| Cash at bank and in hand | 54/58 | €32,749 | €52,179 | +€19,430 | +59.3% |
| Deferred charges and accrued income | 490/1 | €2,255 | €4,104 | +€1,849 | +82.0% |
| Total equity and liabilities | 10/49 | €66,706 | €88,572 | +€21,867 | +32.8% |
| Equity | 10/15 | €20,101 | €35,098 | +€14,997 | +74.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,101 | €33,098 | +€14,997 | +82.9% |
| Amounts payable | 17/49 | €46,605 | €53,475 | +€6,870 | +14.7% |
| Amounts payable after more than one year | 17 | €2,402 | €0 | -€2,402 | -100.0% |
| Trade debts | 175 | €2,402 | €0 | -€2,402 | -100.0% |
| Amounts payable within one year | 42/48 | €44,203 | €53,465 | +€9,262 | +21.0% |
| Current portion of amounts payable after more than one year | 42 | €5,788 | €2,402 | -€3,386 | -58.5% |
| Trade debts | 44 | €2,377 | €4,205 | +€1,828 | +76.9% |
| Suppliers | 440/4 | €2,377 | €4,205 | +€1,828 | +76.9% |
| Taxes, remuneration and social security | 45 | €14,855 | €24,106 | +€9,251 | +62.3% |
| Taxes | 450/3 | €12,699 | €22,032 | +€9,333 | +73.5% |
| Remuneration and social security | 454/9 | €2,156 | €2,074 | -€82 | -3.8% |
| Other amounts payable | 47/48 | €21,183 | €22,752 | +€1,569 | +7.4% |
| Accrued charges and deferred income | 492/3 | - | €10 | +€10 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,750 | €4,829 | -€1,921 | -28.5% |
| Other operating charges | 640/8 | €766 | €1,744 | +€978 | +127.7% |
| Gross operating margin | 9900 | €32,921 | €28,499 | -€4,422 | -13.4% |
| Operating profit (loss) | 9901 | €25,405 | €21,926 | -€3,479 | -13.7% |
| Financial income | 75/76B | €10 | €1,170 | +€1,160 | +11739.7% |
| Recurring financial income | 75 | €10 | €1,170 | +€1,160 | +11739.7% |
| Financial charges | 65/66B | €193 | €1,698 | +€1,505 | +779.8% |
| Recurring financial charges | 65 | €193 | €1,698 | +€1,505 | +779.8% |
| Profit (loss) for the period before taxes | 9903 | €25,222 | €21,397 | -€3,825 | -15.2% |
| Income taxes | 67/77 | €7,121 | €5,568 | -€1,553 | -21.8% |
| Profit (loss) for the period | 9904 | €18,101 | €15,830 | -€2,271 | -12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €18,101 | €15,830 | -€2,271 | -12.5% |
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 12 October 2026 via checked.be.