LHSB: 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.
LHSB
Largest movements
- Deferred charges and accrued income +€34,888
up €34,888 (+1,233%), from €2,829 to €37,717
- Cash -€1,712
down €1,712 (-2.1%), from €80,088 to €78,376
mainly Deferred charges and accrued income (-€34,888) and Other debts (-€2,784)
- Reserves +€36,508
up €36,508 (+59.2%), from €61,720 to €98,229
- Other debts -€2,784
down €2,784 (-32.3%), from €8,625 to €5,841
- Gross operating margin -€2,447
down €2,447 (-4.4%), from €55,499 to €53,052
- Financial charges +€1,265
up €1,265 (+67.1%), from €1,886 to €3,151
- Other operating charges +€621
up €621 (+101%), from €615 to €1,236
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 | €99,235 | €133,134 | +€33,899 | +34.2% |
| Fixed assets | 21/28 | €3,510 | €3,792 | +€281 | +8.0% |
| Tangible fixed assets | 22/27 | €3,510 | €3,792 | +€281 | +8.0% |
| Plant, machinery and equipment | 23 | €653 | €203 | -€450 | -68.9% |
| Furniture and vehicles | 24 | €2,857 | €3,589 | +€731 | +25.6% |
| Current assets | 29/58 | €95,725 | €129,342 | +€33,617 | +35.1% |
| Amounts receivable within one year | 40/41 | €12,808 | €13,250 | +€442 | +3.4% |
| Trade receivables | 40 | €12,808 | €13,250 | +€442 | +3.4% |
| Cash at bank and in hand | 54/58 | €80,088 | €78,376 | -€1,712 | -2.1% |
| Deferred charges and accrued income | 490/1 | €2,829 | €37,717 | +€34,888 | +1,233% |
| Total equity and liabilities | 10/49 | €99,235 | €133,134 | +€33,899 | +34.2% |
| Equity | 10/15 | €64,720 | €101,229 | +€36,508 | +56.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €61,720 | €98,229 | +€36,508 | +59.2% |
| Distributable reserves | 133 | €61,720 | €98,229 | +€36,508 | +59.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €34,515 | €31,905 | -€2,610 | -7.6% |
| Amounts payable within one year | 42/48 | €33,740 | €31,130 | -€2,610 | -7.7% |
| Trade debts | 44 | €508 | €794 | +€286 | +56.3% |
| Suppliers | 440/4 | €508 | €794 | +€286 | +56.3% |
| Taxes, remuneration and social security | 45 | €24,607 | €24,496 | -€111 | -0.5% |
| Taxes | 450/3 | €21,213 | €21,102 | -€111 | -0.5% |
| Remuneration and social security | 454/9 | €3,394 | €3,394 | = | 0.0% |
| Other amounts payable | 47/48 | €8,625 | €5,841 | -€2,784 | -32.3% |
| Accrued charges and deferred income | 492/3 | €775 | €775 | = | 0.0% |
| Non-recurring operating income | 76A | - | €6,137 | +€6,137 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,224 | €902 | -€322 | -26.3% |
| Other operating charges | 640/8 | €615 | €1,236 | +€621 | +101% |
| Gross operating margin | 9900 | €55,499 | €53,052 | -€2,447 | -4.4% |
| Operating profit (loss) | 9901 | €53,660 | €50,914 | -€2,746 | -5.1% |
| Financial charges | 65/66B | €1,886 | €3,151 | +€1,265 | +67.1% |
| Recurring financial charges | 65 | €1,886 | €3,151 | +€1,265 | +67.1% |
| Profit (loss) for the period before taxes | 9903 | €51,775 | €47,764 | -€4,011 | -7.7% |
| Income taxes | 67/77 | €11,231 | €11,255 | +€24 | +0.2% |
| Profit (loss) for the period | 9904 | €40,544 | €36,508 | -€4,035 | -10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €40,544 | €36,508 | -€4,035 | -10.0% |
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 13 October 2026 via checked.be.