LHE CONCEPT: 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 CONCEPT
Largest movements
- Receivables within one year -€10,600
down €10,600 (-76.3%), from €13,896 to €3,297
of which Trade receivables: -€8,210
- Tangible fixed assets -€2,728
down €2,728 (-25.7%), from €10,605 to €7,877
- Cash -€1,031
down €1,031 (-33.5%), from €3,075 to €2,045
mainly Net result for the year (-€8,787) and Other debts (-€2,554)
- Profit (loss) carried forward -€8,787
down €8,787, from €1,521 to -€7,266
- Other debts -€2,554
down €2,554 (-17.0%), from €14,994 to €12,441
- Trade debts -€2,369
down €2,369 (-37.8%), from €6,270 to €3,900
- Tax, wage and social debts -€648
down €648 (-36.2%), from €1,792 to €1,144
- Gross operating margin -€10,409
down €10,409, from €4,274 to -€6,135
- Depreciation +€2,422
up €2,422 (+790.2%), from €306 to €2,728
- Taxes -€1,144
no longer reported in 2025 (was €1,144)
- Other operating charges -€359
down €359 (-89.4%), from €401 to €42
- Financial income +€223
new in 2025: €223
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 | €27,577 | €13,219 | -€14,358 | -52.1% |
| Fixed assets | 21/28 | €10,605 | €7,877 | -€2,728 | -25.7% |
| Tangible fixed assets | 22/27 | €10,605 | €7,877 | -€2,728 | -25.7% |
| Furniture and vehicles | 24 | €10,605 | €7,877 | -€2,728 | -25.7% |
| Current assets | 29/58 | €16,972 | €5,342 | -€11,630 | -68.5% |
| Amounts receivable within one year | 40/41 | €13,896 | €3,297 | -€10,600 | -76.3% |
| Trade receivables | 40 | €9,585 | €1,376 | -€8,210 | -85.7% |
| Other amounts receivable | 41 | €4,311 | €1,921 | -€2,390 | -55.4% |
| Cash at bank and in hand | 54/58 | €3,075 | €2,045 | -€1,031 | -33.5% |
| Total equity and liabilities | 10/49 | €27,577 | €13,219 | -€14,358 | -52.1% |
| Equity | 10/15 | €4,521 | -€4,266 | -€8,787 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,521 | -€7,266 | -€8,787 | |
| Amounts payable | 17/49 | €23,056 | €17,485 | -€5,572 | -24.2% |
| Amounts payable within one year | 42/48 | €23,056 | €17,485 | -€5,572 | -24.2% |
| Trade debts | 44 | €6,270 | €3,900 | -€2,369 | -37.8% |
| Suppliers | 440/4 | €6,270 | €3,900 | -€2,369 | -37.8% |
| Taxes, remuneration and social security | 45 | €1,792 | €1,144 | -€648 | -36.2% |
| Taxes | 450/3 | €1,792 | €1,144 | -€648 | -36.2% |
| Other amounts payable | 47/48 | €14,994 | €12,441 | -€2,554 | -17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €306 | €2,728 | +€2,422 | +790.2% |
| Other operating charges | 640/8 | €401 | €42 | -€359 | -89.4% |
| Gross operating margin | 9900 | €4,274 | -€6,135 | -€10,409 | |
| Operating profit (loss) | 9901 | €3,566 | -€8,906 | -€12,472 | |
| Financial income | 75/76B | - | €223 | +€223 | |
| Recurring financial income | 75 | - | €223 | +€223 | |
| Financial charges | 65/66B | €135 | €104 | -€30 | -22.6% |
| Recurring financial charges | 65 | €135 | €104 | -€30 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €3,431 | -€8,787 | -€12,218 | |
| Income taxes | 67/77 | €1,144 | - | -€1,144 | |
| Profit (loss) for the period | 9904 | €2,288 | -€8,787 | -€11,074 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,288 | -€8,787 | -€11,074 |
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 11 October 2026 via checked.be.