LHJ blend: 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.
LHJ blend
Largest movements
- Receivables within one year -€70,190
down €70,190 (-80.4%), from €87,312 to €17,122
of which Trade receivables: -€55,644
- Deferred charges and accrued income +€3,518
up €3,518 (+191%), from €1,840 to €5,359
- Tangible fixed assets -€1,424
down €1,424 (-51.4%), from €2,772 to €1,348
- Tax, wage and social debts -€30,704
down €30,704 (-67.9%), from €45,198 to €14,494
- Other debts -€27,848
down €27,848 (-49.9%), from €55,771 to €27,923
- Trade debts -€9,491
down €9,491 (-92.9%), from €10,220 to €729
- Gross operating margin -€48,803
down €48,803 (-66.7%), from €73,171 to €24,368
- Taxes -€9,911
down €9,911 (-56.0%), from €17,691 to €7,780
- Financial income -€2,127
down €2,127 (-87.4%), from €2,434 to €307
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 | €131,649 | €63,606 | -€68,043 | -51.7% |
| Fixed assets | 21/28 | €2,877 | €1,453 | -€1,424 | -49.5% |
| Tangible fixed assets | 22/27 | €2,772 | €1,348 | -€1,424 | -51.4% |
| Furniture and vehicles | 24 | €2,772 | €1,348 | -€1,424 | -51.4% |
| Financial fixed assets | 28 | €105 | €105 | = | 0.0% |
| Current assets | 29/58 | €128,772 | €62,153 | -€66,619 | -51.7% |
| Amounts receivable within one year | 40/41 | €87,312 | €17,122 | -€70,190 | -80.4% |
| Trade receivables | 40 | €72,658 | €17,014 | -€55,644 | -76.6% |
| Other amounts receivable | 41 | €14,654 | €108 | -€14,546 | -99.3% |
| Cash at bank and in hand | 54/58 | €39,620 | €39,673 | +€53 | +0.1% |
| Deferred charges and accrued income | 490/1 | €1,840 | €5,359 | +€3,518 | +191% |
| Total equity and liabilities | 10/49 | €131,649 | €63,606 | -€68,043 | -51.7% |
| Equity | 10/15 | €20,460 | €20,460 | = | 0.0% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Amounts payable | 17/49 | €111,189 | €43,146 | -€68,043 | -61.2% |
| Amounts payable within one year | 42/48 | €111,189 | €43,146 | -€68,043 | -61.2% |
| Trade debts | 44 | €10,220 | €729 | -€9,491 | -92.9% |
| Suppliers | 440/4 | €10,220 | €729 | -€9,491 | -92.9% |
| Taxes, remuneration and social security | 45 | €45,198 | €14,494 | -€30,704 | -67.9% |
| Taxes | 450/3 | €45,198 | €14,494 | -€30,704 | -67.9% |
| Other amounts payable | 47/48 | €55,771 | €27,923 | -€27,848 | -49.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,459 | €1,424 | -€35 | -2.4% |
| Other operating charges | 640/8 | €456 | €400 | -€56 | -12.3% |
| Gross operating margin | 9900 | €73,171 | €24,368 | -€48,803 | -66.7% |
| Operating profit (loss) | 9901 | €71,257 | €22,544 | -€48,712 | -68.4% |
| Financial income | 75/76B | €2,434 | €307 | -€2,127 | -87.4% |
| Recurring financial income | 75 | €2,434 | €307 | -€2,127 | -87.4% |
| Financial charges | 65/66B | €229 | €350 | +€121 | +53.1% |
| Recurring financial charges | 65 | €229 | €350 | +€121 | +53.1% |
| Profit (loss) for the period before taxes | 9903 | €73,462 | €22,502 | -€50,961 | -69.4% |
| Income taxes | 67/77 | €17,691 | €7,780 | -€9,911 | -56.0% |
| Profit (loss) for the period | 9904 | €55,771 | €14,722 | -€41,049 | -73.6% |
| Profit (loss) for the period to be appropriated | 9905 | €55,771 | €14,722 | -€41,049 | -73.6% |
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 23 October 2026 via checked.be.