LHE: 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.
LHE
Largest movements
- Receivables within one year +€23,239
up €23,239 (+15.0%), from €154,652 to €177,891
of which Trade receivables: +€18,993
- Debts after one year +€27,000
new in 2025: €27,000
- Tax, wage and social debts -€9,038
down €9,038 (-15.8%), from €57,365 to €48,327
- Profit (loss) carried forward +€8,427
up €8,427 (+12.3%), from €68,794 to €77,222
- Trade debts -€4,045
down €4,045 (-68.2%), from €5,930 to €1,885
- Taxes -€20,776
down €20,776 (-81.8%), from €25,400 to €4,623
- Gross operating margin -€9,187
down €9,187 (-30.3%), from €30,368 to €21,182
- Financial charges +€6,445
up €6,445 (+288%), from €2,236 to €8,681
- Other operating charges -€995
down €995 (-36.7%), from €2,713 to €1,718
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 | €155,271 | €178,644 | +€23,373 | +15.1% |
| Current assets | 29/58 | €155,271 | €178,644 | +€23,373 | +15.1% |
| Amounts receivable within one year | 40/41 | €154,652 | €177,891 | +€23,239 | +15.0% |
| Trade receivables | 40 | €70,724 | €89,716 | +€18,993 | +26.9% |
| Other amounts receivable | 41 | €83,928 | €88,174 | +€4,246 | +5.1% |
| Cash at bank and in hand | 54/58 | €617 | €729 | +€112 | +18.2% |
| Deferred charges and accrued income | 490/1 | €2 | €24 | +€22 | +1,158% |
| Total equity and liabilities | 10/49 | €155,271 | €178,644 | +€23,373 | +15.1% |
| Equity | 10/15 | €89,254 | €97,682 | +€8,427 | +9.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,794 | €77,222 | +€8,427 | +12.3% |
| Amounts payable | 17/49 | €66,017 | €80,962 | +€14,945 | +22.6% |
| Amounts payable after more than one year | 17 | - | €27,000 | +€27,000 | |
| Financial debts | 170/4 | - | €27,000 | +€27,000 | |
| Amounts payable within one year | 42/48 | €64,545 | €51,462 | -€13,084 | -20.3% |
| Trade debts | 44 | €5,930 | €1,885 | -€4,045 | -68.2% |
| Suppliers | 440/4 | €5,930 | €1,885 | -€4,045 | -68.2% |
| Advances received on contracts in progress | 46 | €1,250 | €1,250 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €57,365 | €48,327 | -€9,038 | -15.8% |
| Taxes | 450/3 | €57,365 | €48,327 | -€9,038 | -15.8% |
| Accrued charges and deferred income | 492/3 | €1,471 | €2,500 | +€1,029 | +69.9% |
| Other operating charges | 640/8 | €2,713 | €1,718 | -€995 | -36.7% |
| Gross operating margin | 9900 | €30,368 | €21,182 | -€9,187 | -30.3% |
| Operating profit (loss) | 9901 | €27,655 | €19,464 | -€8,191 | -29.6% |
| Financial income | 75/76B | €2,272 | €2,268 | -€4 | -0.2% |
| Recurring financial income | 75 | €2,272 | €2,268 | -€4 | -0.2% |
| Financial charges | 65/66B | €2,236 | €8,681 | +€6,445 | +288% |
| Recurring financial charges | 65 | €2,236 | €8,681 | +€6,445 | +288% |
| Profit (loss) for the period before taxes | 9903 | €27,691 | €13,051 | -€14,640 | -52.9% |
| Income taxes | 67/77 | €25,400 | €4,623 | -€20,776 | -81.8% |
| Profit (loss) for the period | 9904 | €2,292 | €8,427 | +€6,136 | +268% |
| Profit (loss) for the period to be appropriated | 9905 | €2,292 | €8,427 | +€6,136 | +268% |
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 14 October 2026 via checked.be.