LHNL: 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.
LHNL
Largest movements
- Cash -€34,027
down €34,027 (-89.8%), from €37,898 to €3,872
mainly Stocks and contracts (-€18,035) and Receivables within one year (-€16,980)
- Stocks and contracts +€18,035
up €18,035 (+4.3%), from €421,600 to €439,635
- Receivables within one year +€16,980
up €16,980 (+9,750%), from €174 to €17,154
- Financial fixed assets +€15,750
up €15,750 (+112%), from €14,100 to €29,850
- Tangible fixed assets -€13,575
down €13,575 (-33.0%), from €41,113 to €27,538
of which Furniture and vehicles: -€7,697
- Profit (loss) carried forward +€15,715
up €15,715, from -€7,095 to €8,620
- Other debts +€12,320
up €12,320 (+156%), from €7,887 to €20,207
- Current portion of long-term debt -€9,724
down €9,724 (-57.7%), from €16,863 to €7,139
- Debts after one year -€7,139
down €7,139 (-1.8%), from €391,325 to €384,187
- Gross operating margin +€7,737
up €7,737 (+9.2%), from €83,993 to €91,731
- Financial income +€6,943
up €6,943 (+1,982%), from €350 to €7,293
- Staff costs +€5,684
up €5,684 (+9.9%), from €57,584 to €63,269
- Financial charges -€3,634
down €3,634 (-52.7%), from €6,888 to €3,255
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 | €521,146 | €536,339 | +€15,193 | +2.9% |
| Fixed assets | 21/28 | €55,213 | €57,388 | +€2,175 | +3.9% |
| Tangible fixed assets | 22/27 | €41,113 | €27,538 | -€13,575 | -33.0% |
| Plant, machinery and equipment | 23 | €14,459 | €8,581 | -€5,878 | -40.7% |
| Furniture and vehicles | 24 | €26,654 | €18,957 | -€7,697 | -28.9% |
| Financial fixed assets | 28 | €14,100 | €29,850 | +€15,750 | +112% |
| Current assets | 29/58 | €465,933 | €478,951 | +€13,018 | +2.8% |
| Stocks and contracts in progress | 3 | €421,600 | €439,635 | +€18,035 | +4.3% |
| Stocks | 30/36 | €421,600 | €439,635 | +€18,035 | +4.3% |
| Amounts receivable within one year | 40/41 | €174 | €17,154 | +€16,980 | +9,750% |
| Trade receivables | 40 | €174 | €17,154 | +€16,980 | +9,750% |
| Cash at bank and in hand | 54/58 | €37,898 | €3,872 | -€34,027 | -89.8% |
| Deferred charges and accrued income | 490/1 | €6,260 | €18,290 | +€12,029 | +192% |
| Total equity and liabilities | 10/49 | €521,146 | €536,339 | +€15,193 | +2.9% |
| Equity | 10/15 | €12,905 | €28,620 | +€15,715 | +122% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,095 | €8,620 | +€15,715 | |
| Amounts payable | 17/49 | €508,241 | €507,719 | -€522 | -0.1% |
| Amounts payable after more than one year | 17 | €391,325 | €384,187 | -€7,139 | -1.8% |
| Financial debts | 170/4 | €391,325 | €384,187 | -€7,139 | -1.8% |
| Amounts payable within one year | 42/48 | €116,915 | €123,532 | +€6,617 | +5.7% |
| Current portion of amounts payable after more than one year | 42 | €16,863 | €7,139 | -€9,724 | -57.7% |
| Trade debts | 44 | €50,889 | €55,532 | +€4,643 | +9.1% |
| Suppliers | 440/4 | €50,889 | €55,532 | +€4,643 | +9.1% |
| Taxes, remuneration and social security | 45 | €41,277 | €40,655 | -€622 | -1.5% |
| Taxes | 450/3 | €18,433 | €26,490 | +€8,057 | +43.7% |
| Remuneration and social security | 454/9 | €22,844 | €14,165 | -€8,678 | -38.0% |
| Other amounts payable | 47/48 | €7,887 | €20,207 | +€12,320 | +156% |
| Remuneration, social security and pensions | 62 | €57,584 | €63,269 | +€5,684 | +9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,960 | €13,988 | +€28 | +0.2% |
| Other operating charges | 640/8 | €1,785 | €2,656 | +€871 | +48.8% |
| Gross operating margin | 9900 | €83,993 | €91,731 | +€7,737 | +9.2% |
| Operating profit (loss) | 9901 | €10,663 | €11,817 | +€1,154 | +10.8% |
| Financial income | 75/76B | €350 | €7,293 | +€6,943 | +1,982% |
| Recurring financial income | 75 | €350 | €7,293 | +€6,943 | +1,982% |
| Financial charges | 65/66B | €6,888 | €3,255 | -€3,634 | -52.7% |
| Recurring financial charges | 65 | €6,888 | €3,255 | -€3,634 | -52.7% |
| Profit (loss) for the period before taxes | 9903 | €4,125 | €15,856 | +€11,730 | +284% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | €3,986 | €15,715 | +€11,729 | +294% |
| Profit (loss) for the period to be appropriated | 9905 | €3,986 | €15,715 | +€11,729 | +294% |
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 18 October 2026 via checked.be.