LH FOOD: what changed
LH FOOD
Largest movements
- Tangible fixed assets -€116,619
down €116,619 (-12.2%), from €959,731 to €843,112
of which Other tangible fixed assets: -€119,258
- Deferred charges and accrued income +€53,644
up €53,644 (+25,183%), from €213 to €53,857
- Receivables within one year +€34,264
up €34,264 (+15.0%), from €228,381 to €262,645
of which Other amounts receivable: +€35,372
- Cash +€20,251
up €20,251 (+23.2%), from €87,189 to €107,440
mainly Trade debts (+€352,401) and Depreciation (+€160,559)
- Trade debts +€352,401
up €352,401 (+389%), from €90,513 to €442,915
- Debts after one year -€274,628
down €274,628 (-27.3%), from €1.0m to €731,246
- Short-term financial debts -€127,667
no longer reported in 2025 (was €127,667)
- Tax, wage and social debts +€26,022
up €26,022 (+43.9%), from €59,222 to €85,244
of which Remuneration and social security: +€15,216
- Other debts -€25,000
no longer reported in 2025 (was €25,000)
- Gross operating margin +€182,052
up €182,052 (+50.2%), from €362,908 to €544,960
- Staff costs +€66,691
up €66,691 (+30.7%), from €217,198 to €283,889
- Financial charges +€29,960
up €29,960 (+37.4%), from €80,047 to €110,007
- Financial income -€20,703
down €20,703 (-49.0%), from €42,269 to €21,567
of which Non-recurring financial income: -€25,500
- Depreciation +€9,727
up €9,727 (+6.4%), from €150,832 to €160,559
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,728,176 | €1,706,909 | -€21,267 | -1.2% |
| Fixed assets | 21/28 | €964,331 | €847,712 | -€116,619 | -12.1% |
| Tangible fixed assets | 22/27 | €959,731 | €843,112 | -€116,619 | -12.2% |
| Plant, machinery and equipment | 23 | €7,213 | €13,960 | +€6,747 | +93.5% |
| Furniture and vehicles | 24 | €60,059 | €55,951 | -€4,108 | -6.8% |
| Other tangible fixed assets | 26 | €892,460 | €773,202 | -€119,258 | -13.4% |
| Financial fixed assets | 28 | €4,600 | €4,600 | = | 0.0% |
| Current assets | 29/58 | €763,844 | €859,197 | +€95,352 | +12.5% |
| Amounts receivable after more than one year | 29 | €208,521 | €208,521 | = | 0.0% |
| Other amounts receivable | 291 | €208,521 | €208,521 | = | 0.0% |
| Stocks and contracts in progress | 3 | €239,541 | €226,734 | -€12,807 | -5.3% |
| Stocks | 30/36 | €239,541 | €226,734 | -€12,807 | -5.3% |
| Amounts receivable within one year | 40/41 | €228,381 | €262,645 | +€34,264 | +15.0% |
| Trade receivables | 40 | €6,543 | €5,435 | -€1,109 | -16.9% |
| Other amounts receivable | 41 | €221,838 | €257,211 | +€35,372 | +15.9% |
| Cash at bank and in hand | 54/58 | €87,189 | €107,440 | +€20,251 | +23.2% |
| Deferred charges and accrued income | 490/1 | €213 | €53,857 | +€53,644 | +25,183% |
| Total equity and liabilities | 10/49 | €1,728,176 | €1,706,909 | -€21,267 | -1.2% |
| Equity | 10/15 | €117,603 | €124,204 | +€6,601 | +5.6% |
| Contributions | 10/11 | €162,000 | €162,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,397 | -€37,796 | +€6,601 | +14.9% |
| Amounts payable | 17/49 | €1,610,573 | €1,582,705 | -€27,867 | -1.7% |
| Amounts payable after more than one year | 17 | €1,005,874 | €731,246 | -€274,628 | -27.3% |
| Financial debts | 170/4 | €1,005,874 | €731,246 | -€274,628 | -27.3% |
| Amounts payable within one year | 42/48 | €601,915 | €851,459 | +€249,544 | +41.5% |
| Current portion of amounts payable after more than one year | 42 | €299,513 | €323,300 | +€23,787 | +7.9% |
| Financial debts | 43 | €127,667 | - | -€127,667 | |
| Credit institutions | 430/8 | €127,667 | - | -€127,667 | |
| Trade debts | 44 | €90,513 | €442,915 | +€352,401 | +389% |
| Suppliers | 440/4 | €90,513 | €442,915 | +€352,401 | +389% |
| Taxes, remuneration and social security | 45 | €59,222 | €85,244 | +€26,022 | +43.9% |
| Taxes | 450/3 | €9,288 | €20,094 | +€10,806 | +116% |
| Remuneration and social security | 454/9 | €49,934 | €65,150 | +€15,216 | +30.5% |
| Other amounts payable | 47/48 | €25,000 | - | -€25,000 | |
| Accrued charges and deferred income | 492/3 | €2,784 | - | -€2,784 | |
| Remuneration, social security and pensions | 62 | €217,198 | €283,889 | +€66,691 | +30.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €150,832 | €160,559 | +€9,727 | +6.4% |
| Other operating charges | 640/8 | €4,902 | €1,051 | -€3,851 | -78.6% |
| Gross operating margin | 9900 | €362,908 | €544,960 | +€182,052 | +50.2% |
| Operating profit (loss) | 9901 | -€10,023 | €99,462 | +€109,485 | |
| Financial income | 75/76B | €42,269 | €21,567 | -€20,703 | -49.0% |
| Recurring financial income | 75 | €5,269 | €10,067 | +€4,797 | +91.0% |
| Non-recurring financial income | 76B | €37,000 | €11,500 | -€25,500 | -68.9% |
| Financial charges | 65/66B | €80,047 | €110,007 | +€29,960 | +37.4% |
| Recurring financial charges | 65 | €80,047 | €110,007 | +€29,960 | +37.4% |
| Profit (loss) for the period before taxes | 9903 | -€47,801 | €11,021 | +€58,822 | |
| Income taxes | 67/77 | -€364 | €4,421 | +€4,784 | |
| Profit (loss) for the period | 9904 | -€47,438 | €6,601 | +€54,038 | |
| Profit (loss) for the period to be appropriated | 9905 | -€47,438 | €6,601 | +€54,038 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.