LH Law: what changed
What changed
LH Law
NACE 69.101, Activities of lawyers
filed annual accounts (NBB)
Net result for the year
€40,964
2024 · €63,690-€22,726
Equity
€231,884
2024 · €190,920+€40,964
Cash
€14,360
2024 · €11,233+€3,127
Balance sheet total
€367,709
2024 · €367,801-€92
Largest movements
Assets
- Tangible fixed assets -€17,424
down €17,424 (-9.9%), from €176,567 to €159,142
- Receivables within one year +€14,430
up €14,430 (+8.1%), from €178,914 to €193,345
of which Other amounts receivable: +€36,680
Equity and liabilities
- Reserves +€40,964
up €40,964 (+21.8%), from €187,920 to €228,884
- Other debts -€19,352
down €19,352 (-72.6%), from €26,663 to €7,311
- Debts after one year -€13,819
down €13,819 (-12.8%), from €108,018 to €94,199
- Tax, wage and social debts -€8,555
down €8,555 (-54.2%), from €15,780 to €7,224
Income statement
- Gross operating margin -€32,201
down €32,201 (-31.7%), from €101,452 to €69,251
- Taxes -€7,316
down €7,316 (-31.7%), from €23,055 to €15,740
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.
Result 2024
€63,690
Gross operating margin
-€32,201
Depreciation
+€420
Other operating charges
-€936
Other operating items
+€1,250
Financial income
+€1,010
Financial charges
+€416
Taxes
+€7,316
Result 2025
€40,964
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€17,209
Investment
€0
Financing
-€14,082
Cash 2024
€11,233
From operations (derived)
+€17,209
Net result for the year
+€40,964
Depreciation
+€17,424
Receivables within one year
-€14,430
Deferred charges and accrued income
+€225
Trade debts
+€933
Tax, wage and social debts
-€8,555
Other debts
-€19,352
Financing
-€14,082
Debts after one year
-€13,819
Current portion of long-term debt
-€264
Cash 2025
€14,360
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €367,801 | €367,709 | -€92 | 0.0% |
| Fixed assets | 21/28 | €177,067 | €159,642 | -€17,424 | -9.8% |
| Tangible fixed assets | 22/27 | €176,567 | €159,142 | -€17,424 | -9.9% |
| Land and buildings | 22 | €112,410 | €103,910 | -€8,500 | -7.6% |
| Furniture and vehicles | 24 | €1,279 | €757 | -€522 | -40.8% |
| Other tangible fixed assets | 26 | €62,877 | €54,475 | -€8,402 | -13.4% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €190,735 | €208,067 | +€17,332 | +9.1% |
| Amounts receivable within one year | 40/41 | €178,914 | €193,345 | +€14,430 | +8.1% |
| Trade receivables | 40 | €22,250 | - | -€22,250 | |
| Other amounts receivable | 41 | €156,664 | €193,345 | +€36,680 | +23.4% |
| Cash at bank and in hand | 54/58 | €11,233 | €14,360 | +€3,127 | +27.8% |
| Deferred charges and accrued income | 490/1 | €587 | €362 | -€225 | -38.3% |
| Total equity and liabilities | 10/49 | €367,801 | €367,709 | -€92 | 0.0% |
| Equity | 10/15 | €190,920 | €231,884 | +€40,964 | +21.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €187,920 | €228,884 | +€40,964 | +21.8% |
| Distributable reserves | 133 | €187,920 | €228,884 | +€40,964 | +21.8% |
| Amounts payable | 17/49 | €176,882 | €135,825 | -€41,056 | -23.2% |
| Amounts payable after more than one year | 17 | €108,018 | €94,199 | -€13,819 | -12.8% |
| Financial debts | 170/4 | €108,018 | €94,199 | -€13,819 | -12.8% |
| Amounts payable within one year | 42/48 | €68,863 | €41,626 | -€27,237 | -39.6% |
| Current portion of amounts payable after more than one year | 42 | €21,667 | €21,403 | -€264 | -1.2% |
| Trade debts | 44 | €4,754 | €5,688 | +€933 | +19.6% |
| Suppliers | 440/4 | €4,754 | €5,688 | +€933 | +19.6% |
| Taxes, remuneration and social security | 45 | €15,780 | €7,224 | -€8,555 | -54.2% |
| Taxes | 450/3 | €15,780 | €7,224 | -€8,555 | -54.2% |
| Other amounts payable | 47/48 | €26,663 | €7,311 | -€19,352 | -72.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,844 | €17,424 | -€420 | -2.4% |
| Other operating charges | 640/8 | - | €936 | +€936 | |
| Non-recurring operating charges | 66A | €1,250 | - | -€1,250 | |
| Gross operating margin | 9900 | €101,452 | €69,251 | -€32,201 | -31.7% |
| Operating profit (loss) | 9901 | €82,358 | €50,890 | -€31,467 | -38.2% |
| Financial income | 75/76B | €8,126 | €9,136 | +€1,010 | +12.4% |
| Recurring financial income | 75 | €8,126 | €9,136 | +€1,010 | +12.4% |
| Financial charges | 65/66B | €3,738 | €3,322 | -€416 | -11.1% |
| Recurring financial charges | 65 | €3,738 | €3,322 | -€416 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €86,746 | €56,704 | -€30,042 | -34.6% |
| Income taxes | 67/77 | €23,055 | €15,740 | -€7,316 | -31.7% |
| Profit (loss) for the period | 9904 | €63,690 | €40,964 | -€22,726 | -35.7% |
| Profit (loss) for the period to be appropriated | 9905 | €63,690 | €40,964 | -€22,726 | -35.7% |
Next steps
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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 3 November 2026 via checked.be.