LOHOC: 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.
LOHOC
Largest movements
- Cash +€14,720
up €14,720 (+57.2%), from €25,716 to €40,435
mainly Net result for the year (+€50,237) and Depreciation (+€8,769)
- Receivables within one year -€3,922
down €3,922 (-6.8%), from €57,309 to €53,387
of which Trade receivables: -€5,400
- Reserves +€50,237
up €50,237 (+128%), from €39,379 to €89,616
- Other debts -€29,379
down €29,379 (-65.0%), from €45,200 to €15,822
- Current portion of long-term debt -€6,000
no longer reported in 2025 (was €6,000)
- Trade debts -€3,035
down €3,035 (-75.6%), from €4,014 to €979
- Tax, wage and social debts -€2,871
down €2,871 (-16.2%), from €17,772 to €14,900
- Gross operating margin +€22,498
up €22,498 (+42.4%), from €53,100 to €75,598
- Depreciation +€6,181
up €6,181 (+239%), from €2,588 to €8,769
- Taxes +€2,962
up €2,962 (+27.1%), from €10,950 to €13,912
- Financial charges +€2,396
up €2,396 (+122,864%), from €2 to €2,398
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 | €113,365 | €123,923 | +€10,558 | +9.3% |
| Fixed assets | 21/28 | €28,573 | €27,684 | -€889 | -3.1% |
| Tangible fixed assets | 22/27 | €28,573 | €27,684 | -€889 | -3.1% |
| Plant, machinery and equipment | 23 | - | €902 | +€902 | |
| Furniture and vehicles | 24 | €28,573 | €26,782 | -€1,791 | -6.3% |
| Current assets | 29/58 | €84,792 | €96,239 | +€11,446 | +13.5% |
| Amounts receivable within one year | 40/41 | €57,309 | €53,387 | -€3,922 | -6.8% |
| Trade receivables | 40 | €57,309 | €51,908 | -€5,400 | -9.4% |
| Other amounts receivable | 41 | - | €1,479 | +€1,479 | |
| Cash at bank and in hand | 54/58 | €25,716 | €40,435 | +€14,720 | +57.2% |
| Deferred charges and accrued income | 490/1 | €1,768 | €2,416 | +€648 | +36.7% |
| Total equity and liabilities | 10/49 | €113,365 | €123,923 | +€10,558 | +9.3% |
| Equity | 10/15 | €40,379 | €90,616 | +€50,237 | +124% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €39,379 | €89,616 | +€50,237 | +128% |
| Distributable reserves | 133 | €39,379 | €89,616 | +€50,237 | +128% |
| Amounts payable | 17/49 | €72,986 | €33,307 | -€39,679 | -54.4% |
| Amounts payable within one year | 42/48 | €72,986 | €31,701 | -€41,285 | -56.6% |
| Current portion of amounts payable after more than one year | 42 | €6,000 | - | -€6,000 | |
| Trade debts | 44 | €4,014 | €979 | -€3,035 | -75.6% |
| Suppliers | 440/4 | €4,014 | €979 | -€3,035 | -75.6% |
| Taxes, remuneration and social security | 45 | €17,772 | €14,900 | -€2,871 | -16.2% |
| Taxes | 450/3 | €17,772 | €14,900 | -€2,871 | -16.2% |
| Other amounts payable | 47/48 | €45,200 | €15,822 | -€29,379 | -65.0% |
| Accrued charges and deferred income | 492/3 | - | €1,606 | +€1,606 | |
| Non-recurring operating income | 76A | - | €289 | +€289 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,588 | €8,769 | +€6,181 | +239% |
| Other operating charges | 640/8 | €180 | €312 | +€132 | +73.0% |
| Gross operating margin | 9900 | €53,100 | €75,598 | +€22,498 | +42.4% |
| Operating profit (loss) | 9901 | €50,331 | €66,517 | +€16,186 | +32.2% |
| Financial income | 75/76B | - | €29 | +€29 | |
| Recurring financial income | 75 | - | €29 | +€29 | |
| Financial charges | 65/66B | €2 | €2,398 | +€2,396 | +122,864% |
| Recurring financial charges | 65 | €2 | €2,398 | +€2,396 | +122,864% |
| Profit (loss) for the period before taxes | 9903 | €50,329 | €64,149 | +€13,820 | +27.5% |
| Income taxes | 67/77 | €10,950 | €13,912 | +€2,962 | +27.1% |
| Profit (loss) for the period | 9904 | €39,379 | €50,237 | +€10,858 | +27.6% |
| Profit (loss) for the period to be appropriated | 9905 | €39,379 | €50,237 | +€10,858 | +27.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.