LHC consult: what changed
Two financial 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.
LHC consult
Largest movements
- Receivables within one year +€54,018
up €54,018 (+366%), from €14,763 to €68,781
of which Other amounts receivable: +€55,890
- Tangible fixed assets -€39,864
down €39,864 (-79.2%), from €50,333 to €10,469
of which Furniture and vehicles: -€28,216
- Cash -€12,130
down €12,130 (-10.0%), from €120,884 to €108,754
mainly Receivables within one year (-€54,018) and Contributions, distributions and other (-€45,381)
- Deferred charges and accrued income -€5,483
down €5,483 (-71.8%), from €7,632 to €2,149
- Stocks and contracts -€2,272
no longer reported in 2025 (was €2,272)
- Other debts +€35,295
up €35,295 (+276%), from €12,809 to €48,103
- Debts after one year -€22,938
no longer reported in 2025 (was €22,938)
- Current portion of long-term debt -€6,440
down €6,440 (-80.9%), from €7,959 to €1,518
- Tax, wage and social debts -€5,832
down €5,832 (-28.4%), from €20,551 to €14,718
of which Remuneration and social security: -€7,061
- Short-term financial debts -€4,009
down €4,009 (-54.3%), from €7,383 to €3,374
- Gross operating margin -€92,434
down €92,434 (-63.7%), from €145,202 to €52,768
- Financial income +€39,499
up €39,499 (+102,329%), from €39 to €39,538
of which Non-recurring financial income: +€38,426
- Staff costs -€39,115
down €39,115 (-60.7%), from €64,426 to €25,311
- Depreciation -€9,808
down €9,808 (-86.2%), from €11,381 to €1,572
- Financial charges -€2,377
down €2,377 (-45.5%), from €5,228 to €2,851
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.
Derived cash bridge
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 | €195,918 | €190,154 | -€5,764 | -2.9% |
| Fixed assets | 21/28 | €50,366 | €10,469 | -€39,897 | -79.2% |
| Tangible fixed assets | 22/27 | €50,333 | €10,469 | -€39,864 | -79.2% |
| Furniture and vehicles | 24 | €38,686 | €10,469 | -€28,216 | -72.9% |
| Other tangible fixed assets | 26 | €11,647 | - | -€11,647 | |
| Financial fixed assets | 28 | €33 | - | -€33 | |
| Current assets | 29/58 | €145,552 | €179,685 | +€34,133 | +23.5% |
| Stocks and contracts in progress | 3 | €2,272 | - | -€2,272 | |
| Stocks | 30/36 | €2,272 | - | -€2,272 | |
| Amounts receivable within one year | 40/41 | €14,763 | €68,781 | +€54,018 | +366% |
| Trade receivables | 40 | €13,718 | €11,846 | -€1,872 | -13.6% |
| Other amounts receivable | 41 | €1,045 | €56,935 | +€55,890 | +5,348% |
| Cash at bank and in hand | 54/58 | €120,884 | €108,754 | -€12,130 | -10.0% |
| Deferred charges and accrued income | 490/1 | €7,632 | €2,149 | -€5,483 | -71.8% |
| Total equity and liabilities | 10/49 | €195,918 | €190,154 | -€5,764 | -2.9% |
| Equity | 10/15 | €120,346 | €118,290 | -€2,056 | -1.7% |
| Contributions | 10/11 | €11,500 | €11,500 | = | 0.0% |
| Reserves | 13 | €108,846 | €106,790 | -€2,056 | -1.9% |
| Distributable reserves | 133 | €108,846 | €106,790 | -€2,056 | -1.9% |
| Amounts payable | 17/49 | €75,572 | €71,864 | -€3,708 | -4.9% |
| Amounts payable after more than one year | 17 | €22,938 | - | -€22,938 | |
| Financial debts | 170/4 | €22,938 | - | -€22,938 | |
| Amounts payable within one year | 42/48 | €52,634 | €71,864 | +€19,230 | +36.5% |
| Current portion of amounts payable after more than one year | 42 | €7,959 | €1,518 | -€6,440 | -80.9% |
| Financial debts | 43 | €7,383 | €3,374 | -€4,009 | -54.3% |
| Credit institutions | 430/8 | €7,383 | €3,374 | -€4,009 | -54.3% |
| Trade debts | 44 | €3,933 | €4,150 | +€217 | +5.5% |
| Suppliers | 440/4 | €3,933 | €4,150 | +€217 | +5.5% |
| Taxes, remuneration and social security | 45 | €20,551 | €14,718 | -€5,832 | -28.4% |
| Taxes | 450/3 | €13,467 | €14,696 | +€1,228 | +9.1% |
| Remuneration and social security | 454/9 | €7,083 | €22 | -€7,061 | -99.7% |
| Other amounts payable | 47/48 | €12,809 | €48,103 | +€35,295 | +276% |
| Remuneration, social security and pensions | 62 | €64,426 | €25,311 | -€39,115 | -60.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,381 | €1,572 | -€9,808 | -86.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,061 | - | -€1,061 | |
| Other operating charges | 640/8 | €2,995 | €1,716 | -€1,279 | -42.7% |
| Gross operating margin | 9900 | €145,202 | €52,768 | -€92,434 | -63.7% |
| Operating profit (loss) | 9901 | €65,339 | €24,168 | -€41,170 | -63.0% |
| Financial income | 75/76B | €39 | €39,538 | +€39,499 | +102,329% |
| Recurring financial income | 75 | €39 | €1,112 | +€1,073 | +2,780% |
| Non-recurring financial income | 76B | - | €38,426 | +€38,426 | |
| Financial charges | 65/66B | €5,228 | €2,851 | -€2,377 | -45.5% |
| Recurring financial charges | 65 | €5,228 | €2,851 | -€2,377 | -45.5% |
| Profit (loss) for the period before taxes | 9903 | €60,149 | €60,855 | +€706 | +1.2% |
| Income taxes | 67/77 | €17,421 | €17,530 | +€110 | +0.6% |
| Profit (loss) for the period | 9904 | €42,728 | €43,325 | +€597 | +1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €42,728 | €43,325 | +€597 | +1.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.