LH VAT CONSULT: what changed
LH VAT CONSULT
Largest movements
- Current investments +€28,818
up €28,818 (+57.6%), from €50,000 to €78,818
- Cash +€13,547
up €13,547 (+27.6%), from €49,001 to €62,548
mainly Net result for the year (+€37,918) and Depreciation (+€8,196)
- Receivables within one year -€6,784
down €6,784 (-35.5%), from €19,118 to €12,335
of which Trade receivables: -€6,784
- Tangible fixed assets -€6,296
down €6,296 (-31.5%), from €19,992 to €13,697
of which Furniture and vehicles: -€4,842
- Reserves +€37,918
up €37,918 (+27.2%), from €139,233 to €177,151
of which Distributable reserves: +€37,918
- Trade debts -€5,261
down €5,261 (-90.5%), from €5,816 to €555
- Tax, wage and social debts -€3,343
down €3,343 (-20.9%), from €16,017 to €12,673
- Gross operating margin +€16,889
up €16,889 (+33.8%), from €49,910 to €66,799
- Taxes +€5,608
up €5,608 (+38.6%), from €14,533 to €20,142
- Financial income +€1,508
up €1,508 (+249%), from €605 to €2,113
- Financial charges +€1,115
up €1,115 (+495%), from €225 to €1,340
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 | €179,673 | €208,997 | +€29,324 | +16.3% |
| Fixed assets | 21/28 | €19,992 | €13,697 | -€6,296 | -31.5% |
| Tangible fixed assets | 22/27 | €19,992 | €13,697 | -€6,296 | -31.5% |
| Plant, machinery and equipment | 23 | €158 | €24 | -€133 | -84.5% |
| Furniture and vehicles | 24 | €15,173 | €10,331 | -€4,842 | -31.9% |
| Other tangible fixed assets | 26 | €4,662 | €3,341 | -€1,321 | -28.3% |
| Current assets | 29/58 | €159,681 | €195,300 | +€35,620 | +22.3% |
| Amounts receivable after more than one year | 29 | €40,000 | €40,000 | = | 0.0% |
| Other amounts receivable | 291 | €40,000 | €40,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €19,118 | €12,335 | -€6,784 | -35.5% |
| Trade receivables | 40 | €19,118 | €12,335 | -€6,784 | -35.5% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €50,000 | €78,818 | +€28,818 | +57.6% |
| Cash at bank and in hand | 54/58 | €49,001 | €62,548 | +€13,547 | +27.6% |
| Deferred charges and accrued income | 490/1 | €1,562 | €1,600 | +€38 | +2.4% |
| Total equity and liabilities | 10/49 | €179,673 | €208,997 | +€29,324 | +16.3% |
| Equity | 10/15 | €157,833 | €195,751 | +€37,918 | +24.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €139,233 | €177,151 | +€37,918 | +27.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €139,233 | €177,151 | +€37,918 | +27.2% |
| Amounts payable | 17/49 | €21,840 | €13,246 | -€8,594 | -39.4% |
| Amounts payable within one year | 42/48 | €21,840 | €13,246 | -€8,594 | -39.4% |
| Trade debts | 44 | €5,816 | €555 | -€5,261 | -90.5% |
| Suppliers | 440/4 | €5,816 | €555 | -€5,261 | -90.5% |
| Taxes, remuneration and social security | 45 | €16,017 | €12,673 | -€3,343 | -20.9% |
| Taxes | 450/3 | €16,017 | €12,673 | -€3,343 | -20.9% |
| Other amounts payable | 47/48 | €7 | €17 | +€10 | +128% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,178 | €8,196 | +€18 | +0.2% |
| Other operating charges | 640/8 | €1,281 | €1,316 | +€35 | +2.8% |
| Non-recurring operating charges | 66A | €1,301 | €0 | -€1,301 | -100% |
| Gross operating margin | 9900 | €49,910 | €66,799 | +€16,889 | +33.8% |
| Operating profit (loss) | 9901 | €39,151 | €57,287 | +€18,136 | +46.3% |
| Financial income | 75/76B | €605 | €2,113 | +€1,508 | +249% |
| Recurring financial income | 75 | €605 | €2,113 | +€1,508 | +249% |
| Financial charges | 65/66B | €225 | €1,340 | +€1,115 | +495% |
| Recurring financial charges | 65 | €225 | €1,340 | +€1,115 | +495% |
| Profit (loss) for the period before taxes | 9903 | €39,530 | €58,060 | +€18,530 | +46.9% |
| Income taxes | 67/77 | €14,533 | €20,142 | +€5,608 | +38.6% |
| Profit (loss) for the period | 9904 | €24,997 | €37,918 | +€12,922 | +51.7% |
| Profit (loss) for the period to be appropriated | 9905 | €24,997 | €37,918 | +€12,922 | +51.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.