LOH: 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.
LOH
Largest movements
- Stocks and contracts +€35,018
up €35,018 (+49.8%), from €70,250 to €105,268
- Tangible fixed assets +€7,639
up €7,639 (+78.9%), from €9,686 to €17,325
- Cash +€7,373
up €7,373 (+164.9%), from €4,472 to €11,844
mainly Other debts (+€47,696) and Net result for the year (+€19,645)
- Other debts +€47,696
up €47,696 (+136.4%), from €34,973 to €82,670
- Trade debts -€24,280
down €24,280 (-46.4%), from €52,278 to €27,998
- Profit (loss) carried forward +€19,645
up €19,645 (+162.7%), from €12,078 to €31,723
- Tax, wage and social debts +€5,596
up €5,596 (+115.3%), from €4,852 to €10,448
of which Taxes: +€5,736
- Gross operating margin +€12,570
up €12,570 (+58.0%), from €21,659 to €34,228
- Taxes +€3,627
up €3,627 (+117.7%), from €3,082 to €6,709
- Staff costs +€1,397
up €1,397 (+273.4%), from €511 to €1,908
- Other operating charges -€1,258
down €1,258 (-66.6%), from €1,888 to €630
- Depreciation +€907
up €907 (+23.6%), from €3,835 to €4,742
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 | €106,681 | €155,338 | +€48,658 | +45.6% |
| Formation expenses | 20 | €864 | €609 | -€255 | -29.5% |
| Fixed assets | 21/28 | €9,686 | €17,325 | +€7,639 | +78.9% |
| Tangible fixed assets | 22/27 | €9,686 | €17,325 | +€7,639 | +78.9% |
| Furniture and vehicles | 24 | €9,686 | €17,325 | +€7,639 | +78.9% |
| Current assets | 29/58 | €96,131 | €137,405 | +€41,274 | +42.9% |
| Stocks and contracts in progress | 3 | €70,250 | €105,268 | +€35,018 | +49.8% |
| Stocks | 30/36 | €70,250 | €105,268 | +€35,018 | +49.8% |
| Amounts receivable within one year | 40/41 | €21,409 | €20,293 | -€1,116 | -5.2% |
| Trade receivables | 40 | €21,409 | €10,298 | -€11,111 | -51.9% |
| Other amounts receivable | 41 | - | €9,995 | +€9,995 | |
| Cash at bank and in hand | 54/58 | €4,472 | €11,844 | +€7,373 | +164.9% |
| Total equity and liabilities | 10/49 | €106,681 | €155,338 | +€48,658 | +45.6% |
| Equity | 10/15 | €14,578 | €34,223 | +€19,645 | +134.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Capital | 10 | €2,500 | €2,500 | = | 0.0% |
| Issued capital | 100 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,078 | €31,723 | +€19,645 | +162.7% |
| Amounts payable | 17/49 | €92,103 | €121,115 | +€29,012 | +31.5% |
| Amounts payable within one year | 42/48 | €92,103 | €121,115 | +€29,012 | +31.5% |
| Trade debts | 44 | €52,278 | €27,998 | -€24,280 | -46.4% |
| Suppliers | 440/4 | €52,278 | €27,998 | -€24,280 | -46.4% |
| Taxes, remuneration and social security | 45 | €4,852 | €10,448 | +€5,596 | +115.3% |
| Taxes | 450/3 | €4,712 | €10,448 | +€5,736 | +121.7% |
| Remuneration and social security | 454/9 | €140 | - | -€140 | |
| Other amounts payable | 47/48 | €34,973 | €82,670 | +€47,696 | +136.4% |
| Remuneration, social security and pensions | 62 | €511 | €1,908 | +€1,397 | +273.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,835 | €4,742 | +€907 | +23.6% |
| Other operating charges | 640/8 | €1,888 | €630 | -€1,258 | -66.6% |
| Gross operating margin | 9900 | €21,659 | €34,228 | +€12,570 | +58.0% |
| Operating profit (loss) | 9901 | €15,425 | €26,949 | +€11,524 | +74.7% |
| Financial income | 75/76B | €36 | - | -€36 | |
| Recurring financial income | 75 | €36 | - | -€36 | |
| Financial charges | 65/66B | €302 | €595 | +€294 | +97.4% |
| Recurring financial charges | 65 | €302 | €595 | +€294 | +97.4% |
| Profit (loss) for the period before taxes | 9903 | €15,160 | €26,354 | +€11,194 | +73.8% |
| Income taxes | 67/77 | €3,082 | €6,709 | +€3,627 | +117.7% |
| Profit (loss) for the period | 9904 | €12,078 | €19,645 | +€7,568 | +62.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,078 | €19,645 | +€7,568 | +62.7% |
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 12 October 2026 via checked.be.