LHYNX: 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.
LHYNX
Largest movements
- Cash -€126,622
down €126,622 (-66.3%), from €190,979 to €64,356
mainly Receivables after one year (-€100,000) and Other debts (-€71,153)
- Receivables after one year +€100,000
new in 2025: €100,000
- Receivables within one year +€16,072
up €16,072 (+14.0%), from €114,869 to €130,941
of which Trade receivables: +€12,528
- Other debts -€71,153
down €71,153 (-84.0%), from €84,750 to €13,597
- Reserves +€61,426
up €61,426 (+30.7%), from €199,853 to €261,280
of which Distributable reserves: +€61,426
- Gross operating margin +€3,657
up €3,657 (+5.0%), from €73,551 to €77,208
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 | €306,274 | €295,297 | -€10,977 | -3.6% |
| Fixed assets | 21/28 | €80 | - | -€80 | |
| Tangible fixed assets | 22/27 | €80 | - | -€80 | |
| Furniture and vehicles | 24 | €80 | - | -€80 | |
| Current assets | 29/58 | €306,194 | €295,297 | -€10,897 | -3.6% |
| Amounts receivable after more than one year | 29 | - | €100,000 | +€100,000 | |
| Other amounts receivable | 291 | - | €100,000 | +€100,000 | |
| Amounts receivable within one year | 40/41 | €114,869 | €130,941 | +€16,072 | +14.0% |
| Trade receivables | 40 | €93,976 | €106,504 | +€12,528 | +13.3% |
| Other amounts receivable | 41 | €20,893 | €24,437 | +€3,544 | +17.0% |
| Cash at bank and in hand | 54/58 | €190,979 | €64,356 | -€126,622 | -66.3% |
| Deferred charges and accrued income | 490/1 | €347 | - | -€347 | |
| Total equity and liabilities | 10/49 | €306,274 | €295,297 | -€10,977 | -3.6% |
| Equity | 10/15 | €218,453 | €279,880 | +€61,426 | +28.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €199,853 | €261,280 | +€61,426 | +30.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €382 | €382 | = | 0.0% |
| Distributable reserves | 133 | €197,611 | €259,037 | +€61,426 | +31.1% |
| Amounts payable | 17/49 | €87,821 | €15,418 | -€72,403 | -82.4% |
| Amounts payable within one year | 42/48 | €87,821 | €15,418 | -€72,403 | -82.4% |
| Financial debts | 43 | €442 | €1,503 | +€1,061 | +239.9% |
| Credit institutions | 430/8 | €442 | €1,503 | +€1,061 | +239.9% |
| Trade debts | 44 | €406 | €318 | -€88 | -21.7% |
| Suppliers | 440/4 | €406 | €318 | -€88 | -21.7% |
| Taxes, remuneration and social security | 45 | €2,222 | - | -€2,222 | |
| Taxes | 450/3 | €2,222 | - | -€2,222 | |
| Other amounts payable | 47/48 | €84,750 | €13,597 | -€71,153 | -84.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €191 | €80 | -€112 | -58.3% |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | €73,551 | €77,208 | +€3,657 | +5.0% |
| Operating profit (loss) | 9901 | €72,972 | €77,128 | +€4,156 | +5.7% |
| Financial income | 75/76B | €43 | €74 | +€31 | +72.8% |
| Recurring financial income | 75 | €43 | €74 | +€31 | +72.8% |
| Financial charges | 65/66B | €120 | €135 | +€16 | +13.3% |
| Recurring financial charges | 65 | €120 | €135 | +€16 | +13.3% |
| Profit (loss) for the period before taxes | 9903 | €72,895 | €77,066 | +€4,171 | +5.7% |
| Income taxes | 67/77 | €15,013 | €15,640 | +€627 | +4.2% |
| Profit (loss) for the period | 9904 | €57,883 | €61,426 | +€3,544 | +6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €57,883 | €61,426 | +€3,544 | +6.1% |
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 10 October 2026 via checked.be.