LH Kinetics: 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 Kinetics
Largest movements
- Cash +€27,205
up €27,205 (+255%), from €10,659 to €37,863
mainly Net result for the year (+€34,379) and Receivables within one year (+€8,289)
- Deferred charges and accrued income +€13,113
up €13,113 (+2,453%), from €535 to €13,648
- Receivables within one year -€8,289
no longer reported in 2025 (was €8,289)
of which Trade receivables: -€7,022
- Tangible fixed assets -€1,110
down €1,110 (-8.0%), from €13,932 to €12,822
of which Furniture and vehicles: -€1,442
- Profit (loss) carried forward +€34,379
up €34,379 (+145%), from €23,781 to €58,161
- Other debts -€3,777
down €3,777 (-96.9%), from €3,897 to €120
- Tax, wage and social debts +€1,138
up €1,138 (+253%), from €450 to €1,588
of which Taxes: +€1,138
- Trade debts -€822
down €822 (-28.5%), from €2,886 to €2,064
- Gross operating margin +€19,564
up €19,564 (+60.0%), from €32,610 to €52,174
- Taxes +€5,905
up €5,905 (+87.7%), from €6,733 to €12,638
- Depreciation +€3,296
up €3,296 (+267%), from €1,233 to €4,529
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 | €33,415 | €64,333 | +€30,918 | +92.5% |
| Fixed assets | 21/28 | €13,932 | €12,822 | -€1,110 | -8.0% |
| Tangible fixed assets | 22/27 | €13,932 | €12,822 | -€1,110 | -8.0% |
| Plant, machinery and equipment | 23 | - | €332 | +€332 | |
| Furniture and vehicles | 24 | €13,932 | €12,490 | -€1,442 | -10.3% |
| Current assets | 29/58 | €19,483 | €51,511 | +€32,028 | +164% |
| Amounts receivable within one year | 40/41 | €8,289 | - | -€8,289 | |
| Trade receivables | 40 | €7,022 | - | -€7,022 | |
| Other amounts receivable | 41 | €1,267 | - | -€1,267 | |
| Cash at bank and in hand | 54/58 | €10,659 | €37,863 | +€27,205 | +255% |
| Deferred charges and accrued income | 490/1 | €535 | €13,648 | +€13,113 | +2,453% |
| Total equity and liabilities | 10/49 | €33,415 | €64,333 | +€30,918 | +92.5% |
| Equity | 10/15 | €26,181 | €60,561 | +€34,379 | +131% |
| Contributions | 10/11 | €2,400 | €2,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,781 | €58,161 | +€34,379 | +145% |
| Amounts payable | 17/49 | €7,233 | €3,772 | -€3,461 | -47.8% |
| Amounts payable within one year | 42/48 | €7,233 | €3,772 | -€3,461 | -47.8% |
| Trade debts | 44 | €2,886 | €2,064 | -€822 | -28.5% |
| Suppliers | 440/4 | €2,886 | €2,064 | -€822 | -28.5% |
| Taxes, remuneration and social security | 45 | €450 | €1,588 | +€1,138 | +253% |
| Taxes | 450/3 | €450 | €1,588 | +€1,138 | +253% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €3,897 | €120 | -€3,777 | -96.9% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,233 | €4,529 | +€3,296 | +267% |
| Other operating charges | 640/8 | €862 | €567 | -€295 | -34.3% |
| Gross operating margin | 9900 | €32,610 | €52,174 | +€19,564 | +60.0% |
| Operating profit (loss) | 9901 | €30,515 | €47,078 | +€16,563 | +54.3% |
| Financial charges | 65/66B | €1 | €61 | +€60 | +6,178% |
| Recurring financial charges | 65 | €1 | €61 | +€60 | +6,178% |
| Profit (loss) for the period before taxes | 9903 | €30,515 | €47,017 | +€16,503 | +54.1% |
| Income taxes | 67/77 | €6,733 | €12,638 | +€5,905 | +87.7% |
| Profit (loss) for the period | 9904 | €23,781 | €34,379 | +€10,598 | +44.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,781 | €34,379 | +€10,598 | +44.6% |
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 30 October 2026 via checked.be.