LHMi: 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.
LHMi
Largest movements
- Cash +€19,590
up €19,590 (+37.7%), from €51,999 to €71,589
mainly Net result for the year (+€71,603) and Other debts (+€59,493)
- Intangible fixed assets -€10,745
down €10,745 (-14.9%), from €72,094 to €61,349
- Stocks and contracts -€7,431
down €7,431 (-36.4%), from €20,394 to €12,963
- Receivables within one year +€6,489
up €6,489 (+627.1%), from €1,035 to €7,524
of which Other amounts receivable: +€5,104
- Tangible fixed assets -€4,985
down €4,985 (-1.9%), from €259,394 to €254,410
of which Land and buildings: -€10,517
- Other debts +€59,493
up €59,493 (+471.3%), from €12,624 to €72,117
- Current portion of long-term debt -€45,714
down €45,714 (-100.0%), from €45,714 to €0
- Tax, wage and social debts -€14,716
down €14,716 (-72.7%), from €20,249 to €5,533
of which Taxes: -€15,134
- Turnover +€332,555
new in 2025: €332,555
- Purchases and services +€169,082
new in 2025: €169,082
- Gross operating margin -€45,218
down €45,218 (-21.4%), from €211,165 to €165,947
- Taxes -€15,890
down €15,890 (-44.4%), from €35,786 to €19,896
- Staff costs -€11,745
down €11,745 (-32.1%), from €36,547 to €24,803
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 | €413,632 | €413,696 | +€64 | 0.0% |
| Fixed assets | 21/28 | €331,488 | €315,758 | -€15,730 | -4.7% |
| Intangible fixed assets | 21 | €72,094 | €61,349 | -€10,745 | -14.9% |
| Tangible fixed assets | 22/27 | €259,394 | €254,410 | -€4,985 | -1.9% |
| Land and buildings | 22 | €228,802 | €218,285 | -€10,517 | -4.6% |
| Plant, machinery and equipment | 23 | €11,386 | €20,253 | +€8,867 | +77.9% |
| Furniture and vehicles | 24 | €19,207 | €15,872 | -€3,335 | -17.4% |
| Current assets | 29/58 | €82,144 | €97,938 | +€15,794 | +19.2% |
| Stocks and contracts in progress | 3 | €20,394 | €12,963 | -€7,431 | -36.4% |
| Stocks | 30/36 | €20,394 | €12,963 | -€7,431 | -36.4% |
| Amounts receivable within one year | 40/41 | €1,035 | €7,524 | +€6,489 | +627.1% |
| Trade receivables | 40 | €1,035 | €2,420 | +€1,385 | +133.9% |
| Other amounts receivable | 41 | - | €5,104 | +€5,104 | |
| Cash at bank and in hand | 54/58 | €51,999 | €71,589 | +€19,590 | +37.7% |
| Deferred charges and accrued income | 490/1 | €8,716 | €5,862 | -€2,854 | -32.7% |
| Total equity and liabilities | 10/49 | €413,632 | €413,696 | +€64 | 0.0% |
| Equity | 10/15 | €301,084 | €304,186 | +€3,103 | +1.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €293,384 | €295,384 | +€2,000 | +0.7% |
| Distributable reserves | 133 | €293,384 | €295,384 | +€2,000 | +0.7% |
| Profit (loss) carried forward | 14 | €2,700 | €3,803 | +€1,103 | +40.8% |
| Amounts payable | 17/49 | €112,548 | €109,510 | -€3,039 | -2.7% |
| Amounts payable after more than one year | 17 | €26,849 | €27,503 | +€654 | +2.4% |
| Financial debts | 170/4 | €26,849 | €27,503 | +€654 | +2.4% |
| Amounts payable within one year | 42/48 | €82,171 | €79,143 | -€3,028 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €45,714 | €0 | -€45,714 | -100.0% |
| Financial debts | 43 | €178 | €274 | +€96 | +53.7% |
| Credit institutions | 430/8 | €178 | €274 | +€96 | +53.7% |
| Trade debts | 44 | €3,406 | €1,219 | -€2,186 | -64.2% |
| Suppliers | 440/4 | €3,406 | €1,219 | -€2,186 | -64.2% |
| Taxes, remuneration and social security | 45 | €20,249 | €5,533 | -€14,716 | -72.7% |
| Taxes | 450/3 | €15,170 | €35 | -€15,134 | -99.8% |
| Remuneration and social security | 454/9 | €5,079 | €5,497 | +€418 | +8.2% |
| Other amounts payable | 47/48 | €12,624 | €72,117 | +€59,493 | +471.3% |
| Accrued charges and deferred income | 492/3 | €3,528 | €2,864 | -€665 | -18.8% |
| Turnover | 70 | - | €332,555 | +€332,555 | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €169,082 | +€169,082 | |
| Remuneration, social security and pensions | 62 | €36,547 | €24,803 | -€11,745 | -32.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,715 | €39,053 | +€338 | +0.9% |
| Other operating charges | 640/8 | €4,243 | €3,499 | -€744 | -17.5% |
| Gross operating margin | 9900 | €211,165 | €165,947 | -€45,218 | -21.4% |
| Operating profit (loss) | 9901 | €131,660 | €98,592 | -€33,068 | -25.1% |
| Financial income | 75/76B | €128 | €16 | -€112 | -87.5% |
| Recurring financial income | 75 | €128 | €16 | -€112 | -87.5% |
| Financial charges | 65/66B | €9,818 | €7,110 | -€2,708 | -27.6% |
| Recurring financial charges | 65 | €9,818 | €7,110 | -€2,708 | -27.6% |
| Profit (loss) for the period before taxes | 9903 | €121,970 | €91,498 | -€30,472 | -25.0% |
| Income taxes | 67/77 | €35,786 | €19,896 | -€15,890 | -44.4% |
| Profit (loss) for the period | 9904 | €86,184 | €71,603 | -€14,582 | -16.9% |
| Profit (loss) for the period to be appropriated | 9905 | €86,184 | €71,603 | -€14,582 | -16.9% |
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.