LMHH: 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.
LMHH
Largest movements
- Tangible fixed assets -€79,591
down €79,591 (-34.5%), from €230,780 to €151,190
of which Land and buildings: -€79,963
- Cash +€49,191
up €49,191 (+57.3%), from €85,894 to €135,085
mainly Net result for the year (+€84,758) and Investment in fixed assets (net) (+€71,015)
- Receivables within one year +€4,000
up €4,000 (+331%), from €1,210 to €5,210
of which Other amounts receivable: +€5,210
- Debts after one year -€68,313
down €68,313 (-65.3%), from €104,662 to €36,349
- Reserves +€43,925
up €43,925 (+24.8%), from €176,910 to €220,836
- Tax, wage and social debts +€11,016
up €11,016 (+91.7%), from €12,011 to €23,027
- Other debts -€7,276
down €7,276 (-80.9%), from €8,994 to €1,718
- Current portion of long-term debt -€4,013
down €4,013 (-15.2%), from €26,400 to €22,387
- Gross operating margin +€80,452
up €80,452 (+149%), from €54,165 to €134,617
- Taxes +€24,176
up €24,176 (+216%), from €11,186 to €35,363
- Depreciation -€3,859
down €3,859 (-31.0%), from €12,435 to €8,576
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 | €336,987 | €312,349 | -€24,637 | -7.3% |
| Fixed assets | 21/28 | €230,780 | €151,190 | -€79,591 | -34.5% |
| Tangible fixed assets | 22/27 | €230,780 | €151,190 | -€79,591 | -34.5% |
| Land and buildings | 22 | €222,517 | €142,554 | -€79,963 | -35.9% |
| Plant, machinery and equipment | 23 | €4,830 | €2,869 | -€1,961 | -40.6% |
| Furniture and vehicles | 24 | €3,433 | €5,766 | +€2,333 | +68.0% |
| Current assets | 29/58 | €106,206 | €161,160 | +€54,954 | +51.7% |
| Stocks and contracts in progress | 3 | €2,786 | €4,430 | +€1,644 | +59.0% |
| Stocks | 30/36 | €2,786 | €4,430 | +€1,644 | +59.0% |
| Amounts receivable within one year | 40/41 | €1,210 | €5,210 | +€4,000 | +331% |
| Trade receivables | 40 | €1,210 | - | -€1,210 | |
| Other amounts receivable | 41 | - | €5,210 | +€5,210 | |
| Cash at bank and in hand | 54/58 | €85,894 | €135,085 | +€49,191 | +57.3% |
| Deferred charges and accrued income | 490/1 | €16,316 | €16,434 | +€119 | +0.7% |
| Total equity and liabilities | 10/49 | €336,987 | €312,349 | -€24,637 | -7.3% |
| Equity | 10/15 | €183,110 | €227,036 | +€43,925 | +24.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €176,910 | €220,836 | +€43,925 | +24.8% |
| Distributable reserves | 133 | €176,910 | €220,836 | +€43,925 | +24.8% |
| Amounts payable | 17/49 | €153,876 | €85,314 | -€68,563 | -44.6% |
| Amounts payable after more than one year | 17 | €104,662 | €36,349 | -€68,313 | -65.3% |
| Financial debts | 170/4 | €104,662 | €36,349 | -€68,313 | -65.3% |
| Amounts payable within one year | 42/48 | €47,912 | €47,741 | -€171 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €26,400 | €22,387 | -€4,013 | -15.2% |
| Trade debts | 44 | €507 | €609 | +€102 | +20.1% |
| Suppliers | 440/4 | €507 | €609 | +€102 | +20.1% |
| Taxes, remuneration and social security | 45 | €12,011 | €23,027 | +€11,016 | +91.7% |
| Taxes | 450/3 | €12,011 | €23,027 | +€11,016 | +91.7% |
| Other amounts payable | 47/48 | €8,994 | €1,718 | -€7,276 | -80.9% |
| Accrued charges and deferred income | 492/3 | €1,303 | €1,224 | -€78 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,435 | €8,576 | -€3,859 | -31.0% |
| Other operating charges | 640/8 | €2,549 | €2,577 | +€28 | +1.1% |
| Gross operating margin | 9900 | €54,165 | €134,617 | +€80,452 | +149% |
| Operating profit (loss) | 9901 | €39,181 | €123,464 | +€84,283 | +215% |
| Financial income | 75/76B | €155 | €339 | +€184 | +119% |
| Recurring financial income | 75 | €155 | €339 | +€184 | +119% |
| Financial charges | 65/66B | €3,610 | €3,682 | +€72 | +2.0% |
| Recurring financial charges | 65 | €3,610 | €3,682 | +€72 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €35,726 | €120,121 | +€84,395 | +236% |
| Income taxes | 67/77 | €11,186 | €35,363 | +€24,176 | +216% |
| Profit (loss) for the period | 9904 | €24,540 | €84,758 | +€60,219 | +245% |
| Profit (loss) for the period to be appropriated | 9905 | €24,540 | €84,758 | +€60,219 | +245% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.