LHB: what changed
Two fiscal 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.
LHB
Largest movements
- Receivables within one year +€508,806
up €508,806 (+66.4%), from €765,786 to €1.3m
of which Other amounts receivable: +€516,538
- Tangible fixed assets +€26,031
up €26,031 (+5.7%), from €454,395 to €480,425
of which Furniture and vehicles: +€27,123
- Other debts +€431,905
new in 2025: €431,905
- Current portion of long-term debt +€75,000
up €75,000 (+75.5%), from €99,400 to €174,400
- Tax, wage and social debts +€43,760
up €43,760 (+116.3%), from €37,641 to €81,401
of which Taxes: +€43,106
- Debts after one year -€34,400
down €34,400 (-10.4%), from €330,200 to €295,800
- Accrued charges and deferred income +€20,960
up €20,960 (+17.5%), from €119,821 to €140,780
- Gross operating margin +€515,581
up €515,581 (+121.9%), from €422,861 to €938,442
- Financial charges +€369,482
up €369,482 (+161.9%), from €228,261 to €597,743
- Taxes +€54,403
up €54,403 (+132.2%), from €41,148 to €95,551
- Financial income +€35,680
up €35,680 (+143.9%), from €24,790 to €60,470
of which Non-recurring financial income: +€18,694
- Staff costs +€13,312
up €13,312 (+20.9%), from €63,607 to €76,918
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.
Cash bridge derived
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 | €1,235,213 | €1,783,101 | +€547,888 | +44.4% |
| Fixed assets | 21/28 | €454,395 | €480,425 | +€26,031 | +5.7% |
| Tangible fixed assets | 22/27 | €454,395 | €480,425 | +€26,031 | +5.7% |
| Land and buildings | 22 | €400,000 | €400,000 | = | 0.0% |
| Furniture and vehicles | 24 | €47,734 | €74,857 | +€27,123 | +56.8% |
| Other tangible fixed assets | 26 | €6,661 | €5,568 | -€1,092 | -16.4% |
| Current assets | 29/58 | €780,819 | €1,302,676 | +€521,857 | +66.8% |
| Amounts receivable within one year | 40/41 | €765,786 | €1,274,592 | +€508,806 | +66.4% |
| Trade receivables | 40 | €32,324 | €24,592 | -€7,732 | -23.9% |
| Other amounts receivable | 41 | €733,462 | €1,250,000 | +€516,538 | +70.4% |
| Cash at bank and in hand | 54/58 | €15,033 | €28,083 | +€13,050 | +86.8% |
| Total equity and liabilities | 10/49 | €1,235,213 | €1,783,101 | +€547,888 | +44.4% |
| Equity | 10/15 | €647,740 | €640,836 | -€6,904 | -1.1% |
| Reserves | 13 | €647,740 | €640,836 | -€6,904 | -1.1% |
| Distributable reserves | 133 | €647,740 | €640,836 | -€6,904 | -1.1% |
| Amounts payable | 17/49 | €587,473 | €1,142,265 | +€554,792 | +94.4% |
| Amounts payable after more than one year | 17 | €330,200 | €295,800 | -€34,400 | -10.4% |
| Financial debts | 170/4 | €330,200 | €295,800 | -€34,400 | -10.4% |
| Amounts payable within one year | 42/48 | €137,453 | €705,685 | +€568,232 | +413.4% |
| Current portion of amounts payable after more than one year | 42 | €99,400 | €174,400 | +€75,000 | +75.5% |
| Trade debts | 44 | €412 | €17,979 | +€17,567 | +4267.8% |
| Suppliers | 440/4 | €412 | €17,979 | +€17,567 | +4267.8% |
| Taxes, remuneration and social security | 45 | €37,641 | €81,401 | +€43,760 | +116.3% |
| Taxes | 450/3 | €28,517 | €71,624 | +€43,106 | +151.2% |
| Remuneration and social security | 454/9 | €9,124 | €9,777 | +€654 | +7.2% |
| Other amounts payable | 47/48 | - | €431,905 | +€431,905 | |
| Accrued charges and deferred income | 492/3 | €119,821 | €140,780 | +€20,960 | +17.5% |
| Remuneration, social security and pensions | 62 | €63,607 | €76,918 | +€13,312 | +20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,900 | €14,485 | -€3,415 | -19.1% |
| Other operating charges | 640/8 | €499 | €386 | -€113 | -22.7% |
| Gross operating margin | 9900 | €422,861 | €938,442 | +€515,581 | +121.9% |
| Operating profit (loss) | 9901 | €340,856 | €846,653 | +€505,797 | +148.4% |
| Financial income | 75/76B | €24,790 | €60,470 | +€35,680 | +143.9% |
| Recurring financial income | 75 | €24,790 | €41,776 | +€16,987 | +68.5% |
| Non-recurring financial income | 76B | - | €18,694 | +€18,694 | |
| Financial charges | 65/66B | €228,261 | €597,743 | +€369,482 | +161.9% |
| Recurring financial charges | 65 | €228,261 | €597,743 | +€369,482 | +161.9% |
| Profit (loss) for the period before taxes | 9903 | €137,385 | €309,379 | +€171,995 | +125.2% |
| Income taxes | 67/77 | €41,148 | €95,551 | +€54,403 | +132.2% |
| Profit (loss) for the period | 9904 | €96,236 | €213,828 | +€117,592 | +122.2% |
| Profit (loss) for the period to be appropriated | 9905 | €96,236 | €213,828 | +€117,592 | +122.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.