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LH Underwear: what changed

What changed

LH Underwear

BE 0662.906.215
NACE 46.190, Agents in non-specialised wholesale trade
filed annual accounts (NBB)
Financial years compared with
Net result for the year
€25,970
2024 · -€28,257+€54,227
Equity
-€22,813
2024 · -€48,782+€25,970
Cash
€69,222
2024 · €78,860-€9,638
Balance sheet total
€607,724
2024 · €381,146+€226,578

Largest movements

2024 to 2025
Assets
  • Stocks and contracts +€238,461

    up €238,461 (+122%), from €195,421 to €433,882

  • Cash -€9,638

    down €9,638 (-12.2%), from €78,860 to €69,222

    mainly Stocks and contracts (-€238,461) and Receivables within one year (-€7,947)

  • Receivables within one year +€7,947

    up €7,947 (+10.1%), from €78,594 to €86,542

    of which Trade receivables: +€10,575

  • Tangible fixed assets -€6,823

    down €6,823 (-30.4%), from €22,469 to €15,646

Equity and liabilities
  • Trade debts +€196,540

    up €196,540 (+46.3%), from €424,323 to €620,863

  • Profit (loss) carried forward +€25,970

    up €25,970 (+37.8%), from -€68,782 to -€42,813

Income statement
  • Gross operating margin +€55,495

    up €55,495 (+158%), from €35,164 to €90,659

  • Staff costs +€6,347

    up €6,347 (+15.1%), from €41,952 to €48,299

  • Depreciation -€3,255

    down €3,255 (-29.0%), from €11,234 to €7,979

  • Other operating charges -€3,243

    down €3,243 (-63.6%), from €5,102 to €1,860

Change in the result, 2024 to 2025

effect on the result

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 -€28,257
Gross operating margin +€55,495
Staff costs -€6,347
Depreciation +€3,255
Write-downs -€398
Other operating charges +€3,243
Financial income -€233
Financial charges -€764
Taxes -€24
Result 2025 €25,970
raises the resultlowers the result

Derived cash bridge

cash 2024 to 2025

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 -€9,638
Investment €0
Financing €0
Cash 2024 €78,860
Net result for the year +€25,970
Depreciation +€7,979
Stocks and contracts -€238,461
Receivables within one year -€7,947
Deferred charges and accrued income +€2,213
Trade debts +€196,540
Tax, wage and social debts +€4,068
Cash 2025 €69,222
brings cash intakes cash out
Every line side by side 39 lines
Line Code 2024 2025 Change %
Total assets 20/58 €381,146 €607,724 +€226,578 +59.4%
Fixed assets 21/28 €25,416 €17,437 -€7,979 -31.4%
Intangible fixed assets 21 €2,647 €1,491 -€1,156 -43.7%
Tangible fixed assets 22/27 €22,469 €15,646 -€6,823 -30.4%
Furniture and vehicles 24 €22,469 €15,646 -€6,823 -30.4%
Financial fixed assets 28 €300 €300 = 0.0%
Current assets 29/58 €355,730 €590,287 +€234,557 +65.9%
Stocks and contracts in progress 3 €195,421 €433,882 +€238,461 +122%
Stocks 30/36 €195,421 €433,882 +€238,461 +122%
Amounts receivable within one year 40/41 €78,594 €86,542 +€7,947 +10.1%
Trade receivables 40 €75,808 €86,383 +€10,575 +13.9%
Other amounts receivable 41 €2,786 €159 -€2,628 -94.3%
Cash at bank and in hand 54/58 €78,860 €69,222 -€9,638 -12.2%
Deferred charges and accrued income 490/1 €2,854 €641 -€2,213 -77.5%
Total equity and liabilities 10/49 €381,146 €607,724 +€226,578 +59.4%
Equity 10/15 -€48,782 -€22,813 +€25,970 +53.2%
Contributions 10/11 €20,000 €20,000 = 0.0%
Profit (loss) carried forward 14 -€68,782 -€42,813 +€25,970 +37.8%
Amounts payable 17/49 €429,928 €630,536 +€200,608 +46.7%
Amounts payable within one year 42/48 €429,928 €630,536 +€200,608 +46.7%
Trade debts 44 €424,323 €620,863 +€196,540 +46.3%
Suppliers 440/4 €424,323 €620,863 +€196,540 +46.3%
Taxes, remuneration and social security 45 €5,605 €9,674 +€4,068 +72.6%
Taxes 450/3 €2,673 €4,031 +€1,358 +50.8%
Remuneration and social security 454/9 €2,932 €5,642 +€2,710 +92.4%
Remuneration, social security and pensions 62 €41,952 €48,299 +€6,347 +15.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €11,234 €7,979 -€3,255 -29.0%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) 631/4 €322 €720 +€398 +124%
Other operating charges 640/8 €5,102 €1,860 -€3,243 -63.6%
Gross operating margin 9900 €35,164 €90,659 +€55,495 +158%
Operating profit (loss) 9901 -€23,446 €31,802 +€55,247
Financial income 75/76B €277 €44 -€233 -84.2%
Recurring financial income 75 €277 €44 -€233 -84.2%
Financial charges 65/66B €4,806 €5,570 +€764 +15.9%
Recurring financial charges 65 €4,806 €5,570 +€764 +15.9%
Profit (loss) for the period before taxes 9903 -€27,975 €26,276 +€54,251
Income taxes 67/77 €282 €306 +€24 +8.6%
Profit (loss) for the period 9904 -€28,257 €25,970 +€54,227
Profit (loss) for the period to be appropriated 9905 -€28,257 €25,970 +€54,227
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.