LHDK32: 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.
LHDK32
Largest movements
- Tangible fixed assets -€78,518
down €78,518 (-5.1%), from €1.6m to €1.5m
of which Land and buildings: -€51,797
- Profit (loss) carried forward -€54,692
down €54,692 (-5.0%), from -€1.1m to -€1.1m
- Debts after one year -€16,069
down €16,069 (-9.0%), from €178,078 to €162,009
- Financial charges +€1,317
up €1,317 (+79.6%), from €1,654 to €2,971
- Depreciation +€471
up €471 (+0.6%), from €78,047 to €78,518
- Gross operating margin -€274
down €274 (-1.4%), from €20,049 to €19,775
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 | €1,566,484 | €1,489,696 | -€76,788 | -4.9% |
| Fixed assets | 21/28 | €1,554,059 | €1,475,541 | -€78,518 | -5.1% |
| Tangible fixed assets | 22/27 | €1,552,729 | €1,474,211 | -€78,518 | -5.1% |
| Land and buildings | 22 | €1,065,097 | €1,013,300 | -€51,797 | -4.9% |
| Plant, machinery and equipment | 23 | €473,356 | €447,473 | -€25,883 | -5.5% |
| Furniture and vehicles | 24 | €14,276 | €13,438 | -€838 | -5.9% |
| Financial fixed assets | 28 | €1,330 | €1,330 | = | 0.0% |
| Current assets | 29/58 | €12,425 | €14,155 | +€1,730 | +13.9% |
| Cash at bank and in hand | 54/58 | €12,009 | €13,751 | +€1,742 | +14.5% |
| Deferred charges and accrued income | 490/1 | €416 | €404 | -€12 | -2.9% |
| Total equity and liabilities | 10/49 | €1,566,484 | €1,489,696 | -€76,788 | -4.9% |
| Equity | 10/15 | €572,907 | €512,940 | -€59,967 | -10.5% |
| Contributions | 10/11 | €259,668 | €259,668 | = | 0.0% |
| Capital | 10 | €259,668 | €259,668 | = | 0.0% |
| Issued capital | 100 | €259,668 | €259,668 | = | 0.0% |
| Revaluation surpluses | 12 | €1,035,225 | €1,035,224 | -€1 | 0.0% |
| Reserves | 13 | €275,186 | €275,186 | = | 0.0% |
| Distributable reserves | 133 | €275,186 | €275,186 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,088,061 | -€1,142,753 | -€54,692 | -5.0% |
| Investment grants | 15 | €90,889 | €85,615 | -€5,274 | -5.8% |
| Provisions and deferred taxes | 16 | €46,801 | €44,085 | -€2,716 | -5.8% |
| Deferred taxes | 168 | €46,801 | €44,085 | -€2,716 | -5.8% |
| Amounts payable | 17/49 | €946,776 | €932,671 | -€14,105 | -1.5% |
| Amounts payable after more than one year | 17 | €178,078 | €162,009 | -€16,069 | -9.0% |
| Financial debts | 170/4 | €178,078 | €162,009 | -€16,069 | -9.0% |
| Amounts payable within one year | 42/48 | €738,698 | €728,662 | -€10,036 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €15,833 | €16,068 | +€235 | +1.5% |
| Trade debts | 44 | €868 | - | -€868 | |
| Suppliers | 440/4 | €868 | - | -€868 | |
| Other amounts payable | 47/48 | €721,997 | €712,594 | -€9,403 | -1.3% |
| Accrued charges and deferred income | 492/3 | €30,000 | €42,000 | +€12,000 | +40.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,047 | €78,518 | +€471 | +0.6% |
| Other operating charges | 640/8 | €960 | €968 | +€8 | +0.8% |
| Gross operating margin | 9900 | €20,049 | €19,775 | -€274 | -1.4% |
| Operating profit (loss) | 9901 | -€58,958 | -€59,711 | -€753 | -1.3% |
| Financial income | 75/76B | €5,274 | €5,274 | = | 0.0% |
| Recurring financial income | 75 | €5,274 | €5,274 | = | 0.0% |
| Financial charges | 65/66B | €1,654 | €2,971 | +€1,317 | +79.6% |
| Recurring financial charges | 65 | €1,654 | €2,971 | +€1,317 | +79.6% |
| Profit (loss) for the period before taxes | 9903 | -€55,338 | -€57,408 | -€2,070 | -3.7% |
| Transfer from deferred taxes | 780 | €2,716 | €2,716 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€52,622 | -€54,692 | -€2,070 | -3.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€52,622 | -€54,692 | -€2,070 | -3.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.