LOHEN: what changed
Two fiscal 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.
LOHEN
Largest movements
- Tangible fixed assets -€29,955
down €29,955 (-25.7%), from €116,698 to €86,743
- Cash -€17,549
down €17,549 (-64.0%), from €27,431 to €9,881
mainly Net result for the year (-€30,775) and Other debts (-€20,126)
- Receivables within one year -€2,355
down €2,355 (-69.4%), from €3,392 to €1,037
- Reserves -€22,500
down €22,500 (-92.4%), from €24,360 to €1,860
of which Distributable reserves: -€22,500
- Other debts -€20,126
down €20,126 (-27.6%), from €72,848 to €52,722
- Profit (loss) carried forward -€8,275
down €8,275 (-27.0%), from €30,633 to €22,359
- Accrued charges and deferred income +€3,183
new in 2025: €3,183
- Current portion of long-term debt -€1,898
down €1,898 (-100.0%), from €1,898 to €0
- Gross operating margin -€11,353
down €11,353 (-73.8%), from €15,379 to €4,026
- Financial charges -€3,881
down €3,881 (-96.7%), from €4,013 to €132
- Other operating charges +€422
up €422 (+10.4%), from €4,055 to €4,476
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 | €148,693 | €99,479 | -€49,215 | -33.1% |
| Fixed assets | 21/28 | €116,698 | €86,743 | -€29,955 | -25.7% |
| Tangible fixed assets | 22/27 | €116,698 | €86,743 | -€29,955 | -25.7% |
| Land and buildings | 22 | €116,698 | €86,743 | -€29,955 | -25.7% |
| Current assets | 29/58 | €31,995 | €12,736 | -€19,259 | -60.2% |
| Amounts receivable within one year | 40/41 | €3,392 | €1,037 | -€2,355 | -69.4% |
| Trade receivables | 40 | €3,392 | €1,037 | -€2,355 | -69.4% |
| Cash at bank and in hand | 54/58 | €27,431 | €9,881 | -€17,549 | -64.0% |
| Deferred charges and accrued income | 490/1 | €1,173 | €1,818 | +€645 | +55.0% |
| Total equity and liabilities | 10/49 | €148,693 | €99,479 | -€49,215 | -33.1% |
| Equity | 10/15 | €73,593 | €42,819 | -€30,775 | -41.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €24,360 | €1,860 | -€22,500 | -92.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €24,360 | €1,860 | -€22,500 | -92.4% |
| Profit (loss) carried forward | 14 | €30,633 | €22,359 | -€8,275 | -27.0% |
| Amounts payable | 17/49 | €75,100 | €56,660 | -€18,440 | -24.6% |
| Amounts payable within one year | 42/48 | €75,100 | €53,477 | -€21,623 | -28.8% |
| Current portion of amounts payable after more than one year | 42 | €1,898 | €0 | -€1,898 | -100.0% |
| Trade debts | 44 | €131 | €518 | +€387 | +294.9% |
| Suppliers | 440/4 | €131 | €518 | +€387 | +294.9% |
| Taxes, remuneration and social security | 45 | €224 | €238 | +€14 | +6.2% |
| Taxes | 450/3 | €224 | €238 | +€14 | +6.2% |
| Other amounts payable | 47/48 | €72,848 | €52,722 | -€20,126 | -27.6% |
| Accrued charges and deferred income | 492/3 | - | €3,183 | +€3,183 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,955 | €29,955 | = | 0.0% |
| Other operating charges | 640/8 | €4,055 | €4,476 | +€422 | +10.4% |
| Gross operating margin | 9900 | €15,379 | €4,026 | -€11,353 | -73.8% |
| Operating profit (loss) | 9901 | -€18,631 | -€30,406 | -€11,775 | -63.2% |
| Financial charges | 65/66B | €4,013 | €132 | -€3,881 | -96.7% |
| Recurring financial charges | 65 | €4,013 | €132 | -€3,881 | -96.7% |
| Profit (loss) for the period before taxes | 9903 | -€22,643 | -€30,537 | -€7,894 | -34.9% |
| Income taxes | 67/77 | €121 | €238 | +€116 | +96.1% |
| Profit (loss) for the period | 9904 | -€22,765 | -€30,775 | -€8,010 | -35.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,765 | -€30,775 | -€8,010 | -35.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.