LH Underwear: what changed
LH Underwear
Largest movements
- 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
- 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
- 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
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 | €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 |
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.