LIHA: 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.
LIHA
Largest movements
- Receivables within one year +€53,476
up €53,476 (+50.6%), from €105,735 to €159,212
of which Other amounts receivable: +€51,983
- Cash +€10,588
up €10,588 (+22.3%), from €47,432 to €58,020
mainly Other debts (+€68,105) and Net result for the year (+€67,230)
- Tangible fixed assets -€5,299
down €5,299 (-62.2%), from €8,518 to €3,219
of which Furniture and vehicles: -€5,170
- Other debts +€68,105
up €68,105 (+1,035%), from €6,578 to €74,682
- Trade debts -€9,981
down €9,981 (-46.8%), from €21,326 to €11,344
- Tax, wage and social debts +€4,309
up €4,309 (+250%), from €1,723 to €6,032
- Gross operating margin +€9,930
up €9,930 (+14.7%), from €67,637 to €77,568
- Taxes +€2,009
up €2,009 (+408%), from €493 to €2,502
- Financial income -€1,142
down €1,142 (-87.4%), from €1,307 to €165
- Financial charges -€964
down €964 (-31.1%), from €3,103 to €2,139
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 | €187,555 | €247,869 | +€60,314 | +32.2% |
| Fixed assets | 21/28 | €9,768 | €4,469 | -€5,299 | -54.2% |
| Tangible fixed assets | 22/27 | €8,518 | €3,219 | -€5,299 | -62.2% |
| Plant, machinery and equipment | 23 | €713 | €585 | -€128 | -18.0% |
| Furniture and vehicles | 24 | €7,805 | €2,635 | -€5,170 | -66.2% |
| Financial fixed assets | 28 | €1,250 | €1,250 | = | 0.0% |
| Current assets | 29/58 | €177,787 | €243,399 | +€65,612 | +36.9% |
| Stocks and contracts in progress | 3 | €23,251 | €24,682 | +€1,430 | +6.2% |
| Stocks | 30/36 | €23,251 | €24,682 | +€1,430 | +6.2% |
| Amounts receivable within one year | 40/41 | €105,735 | €159,212 | +€53,476 | +50.6% |
| Trade receivables | 40 | €287 | €1,780 | +€1,493 | +520% |
| Other amounts receivable | 41 | €105,448 | €157,432 | +€51,983 | +49.3% |
| Cash at bank and in hand | 54/58 | €47,432 | €58,020 | +€10,588 | +22.3% |
| Deferred charges and accrued income | 490/1 | €1,368 | €1,486 | +€118 | +8.6% |
| Total equity and liabilities | 10/49 | €187,555 | €247,869 | +€60,314 | +32.2% |
| Equity | 10/15 | €155,580 | €155,810 | +€230 | +0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €136,980 | €137,210 | +€230 | +0.2% |
| Non-distributable reserves | 130/1 | €537 | €537 | = | 0.0% |
| Reserves not available under the articles | 1311 | €537 | €537 | = | 0.0% |
| Distributable reserves | 133 | €136,443 | €136,674 | +€230 | +0.2% |
| Amounts payable | 17/49 | €31,975 | €92,058 | +€60,084 | +188% |
| Amounts payable within one year | 42/48 | €31,975 | €92,058 | +€60,084 | +188% |
| Current portion of amounts payable after more than one year | 42 | €2,224 | - | -€2,224 | |
| Financial debts | 43 | €124 | - | -€124 | |
| Credit institutions | 430/8 | €124 | - | -€124 | |
| Trade debts | 44 | €21,326 | €11,344 | -€9,981 | -46.8% |
| Suppliers | 440/4 | €21,326 | €11,344 | -€9,981 | -46.8% |
| Taxes, remuneration and social security | 45 | €1,723 | €6,032 | +€4,309 | +250% |
| Taxes | 450/3 | €1,723 | €6,032 | +€4,309 | +250% |
| Other amounts payable | 47/48 | €6,578 | €74,682 | +€68,105 | +1,035% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,299 | €5,299 | = | 0.0% |
| Other operating charges | 640/8 | €1,265 | €563 | -€703 | -55.5% |
| Gross operating margin | 9900 | €67,637 | €77,568 | +€9,930 | +14.7% |
| Operating profit (loss) | 9901 | €61,074 | €71,707 | +€10,633 | +17.4% |
| Financial income | 75/76B | €1,307 | €165 | -€1,142 | -87.4% |
| Recurring financial income | 75 | €1,307 | €165 | -€1,142 | -87.4% |
| Financial charges | 65/66B | €3,103 | €2,139 | -€964 | -31.1% |
| Recurring financial charges | 65 | €3,103 | €2,139 | -€964 | -31.1% |
| Profit (loss) for the period before taxes | 9903 | €59,277 | €69,732 | +€10,455 | +17.6% |
| Income taxes | 67/77 | €493 | €2,502 | +€2,009 | +408% |
| Profit (loss) for the period | 9904 | €58,784 | €67,230 | +€8,446 | +14.4% |
| Profit (loss) for the period to be appropriated | 9905 | €58,784 | €67,230 | +€8,446 | +14.4% |
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 25 October 2026 via checked.be.