lhiving: 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.
lhiving
Largest movements
- Tangible fixed assets +€232,375
up €232,375 (+226.3%), from €102,702 to €335,077
of which Land and buildings: +€273,226
- Current investments -€200,000
no longer reported in 2025 (was €200,000)
- Cash -€153,424
down €153,424 (-63.1%), from €242,953 to €89,530
mainly Investment in fixed assets (net) (-€271,625) and Debts within one year (-€103,296)
- Receivables within one year -€28,188
down €28,188 (-29.1%), from €97,014 to €68,825
of which Other amounts receivable: -€57,426
- Debts within one year -€103,296
down €103,296 (-29.3%), from €352,256 to €248,960
of which Advances received: -€99,008
- Reserves -€33,650
down €33,650 (-20.5%), from €164,242 to €130,592
- Investment grants -€12,293
down €12,293 (-26.8%), from €45,846 to €33,553
- Depreciation +€23,126
up €23,126 (+143.4%), from €16,123 to €39,250
- Gross operating margin -€18,495
down €18,495 (-2.0%), from €947,045 to €928,549
- Financial income -€16,786
down €16,786 (-61.5%), from €27,305 to €10,519
of which Non-recurring financial income: -€10,000
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 | €649,796 | €502,533 | -€147,263 | -22.7% |
| Fixed assets | 21/28 | €102,702 | €335,077 | +€232,375 | +226.3% |
| Tangible fixed assets | 22/27 | €102,702 | €335,077 | +€232,375 | +226.3% |
| Land and buildings | 22 | €28,676 | €301,902 | +€273,226 | +952.8% |
| Furniture and vehicles | 24 | €47,526 | €33,175 | -€14,351 | -30.2% |
| Assets under construction and advance payments | 27 | €26,500 | - | -€26,500 | |
| Current assets | 29/58 | €547,094 | €167,456 | -€379,638 | -69.4% |
| Amounts receivable within one year | 40/41 | €97,014 | €68,825 | -€28,188 | -29.1% |
| Trade receivables | 40 | €38,970 | €68,208 | +€29,238 | +75.0% |
| Other amounts receivable | 41 | €58,044 | €618 | -€57,426 | -98.9% |
| Current investments | 50/53 | €200,000 | - | -€200,000 | |
| Cash at bank and in hand | 54/58 | €242,953 | €89,530 | -€153,424 | -63.1% |
| Deferred charges and accrued income | 490/1 | €7,127 | €9,101 | +€1,973 | +27.7% |
| Total equity and liabilities | 10/49 | €649,796 | €502,533 | -€147,263 | -22.7% |
| Equity | 10/15 | €211,361 | €165,417 | -€45,944 | -21.7% |
| Contributions | 10/11 | €1,273 | €1,273 | = | 0.0% |
| Capital | 10 | €1,273 | €1,273 | = | 0.0% |
| Reserves | 13 | €164,242 | €130,592 | -€33,650 | -20.5% |
| Investment grants | 15 | €45,846 | €33,553 | -€12,293 | -26.8% |
| Provisions and deferred taxes | 16 | €85,500 | €85,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €85,500 | €85,500 | = | 0.0% |
| Other liabilities and charges | 164/5 | €85,500 | €85,500 | = | 0.0% |
| Amounts payable | 17/49 | €352,935 | €251,616 | -€101,319 | -28.7% |
| Amounts payable within one year | 42/48 | €352,256 | €248,960 | -€103,296 | -29.3% |
| Trade debts | 44 | €47,411 | €84,673 | +€37,262 | +78.6% |
| Suppliers | 440/4 | €47,411 | €84,673 | +€37,262 | +78.6% |
| Advances received on contracts in progress | 46 | €99,008 | - | -€99,008 | |
| Taxes, remuneration and social security | 45 | €192,117 | €154,801 | -€37,316 | -19.4% |
| Taxes | 450/3 | €32,807 | €33,043 | +€236 | +0.7% |
| Remuneration and social security | 454/9 | €159,311 | €121,758 | -€37,552 | -23.6% |
| Accrued charges and deferred income | 492/3 | €679 | €2,656 | +€1,976 | +290.9% |
| Remuneration, social security and pensions | 62 | €931,127 | €924,730 | -€6,397 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,123 | €39,250 | +€23,126 | +143.4% |
| Other operating charges | 640/8 | €3,888 | €7,502 | +€3,614 | +93.0% |
| Gross operating margin | 9900 | €947,045 | €928,549 | -€18,495 | -2.0% |
| Operating profit (loss) | 9901 | -€4,093 | -€42,932 | -€38,839 | -948.9% |
| Financial income | 75/76B | €27,305 | €10,519 | -€16,786 | -61.5% |
| Recurring financial income | 75 | €17,305 | €10,519 | -€6,786 | -39.2% |
| Non-recurring financial income | 76B | €10,000 | - | -€10,000 | |
| Financial charges | 65/66B | €4,091 | €1,237 | -€2,854 | -69.8% |
| Recurring financial charges | 65 | €4,091 | €1,237 | -€2,854 | -69.8% |
| Profit (loss) for the period before taxes | 9903 | €19,121 | -€33,650 | -€52,771 | |
| Profit (loss) for the period | 9904 | €19,121 | -€33,650 | -€52,771 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,121 | -€33,650 | -€52,771 |
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 8 October 2026 via checked.be.