LOHU: 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.
LOHU
Largest movements
- Tangible fixed assets +€246,030
up €246,030 (+54.3%), from €452,682 to €698,712
- Receivables within one year -€96,791
down €96,791 (-95.3%), from €101,600 to €4,809
of which Other amounts receivable: -€98,092
- Deferred charges and accrued income +€28,448
up €28,448 (+3,619%), from €786 to €29,234
- Debts after one year +€196,259
up €196,259 (+55.5%), from €353,861 to €550,120
- Other debts -€87,956
down €87,956 (-48.6%), from €180,983 to €93,027
- Reserves +€34,000
new in 2025: €34,000
- Current portion of long-term debt +€14,012
up €14,012 (+66.7%), from €21,020 to €35,032
- Gross operating margin +€81,706
up €81,706 (+151%), from €54,193 to €135,899
- Depreciation +€29,314
up €29,314 (+80.2%), from €36,548 to €65,862
- Taxes +€4,978
up €4,978 (+2,174%), from €229 to €5,207
- Financial charges +€1,567
up €1,567 (+7.6%), from €20,639 to €22,206
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 | €575,400 | €746,847 | +€171,447 | +29.8% |
| Fixed assets | 21/28 | €452,682 | €698,712 | +€246,030 | +54.3% |
| Tangible fixed assets | 22/27 | €452,682 | €698,712 | +€246,030 | +54.3% |
| Land and buildings | 22 | €452,682 | €698,712 | +€246,030 | +54.3% |
| Current assets | 29/58 | €122,719 | €48,136 | -€74,583 | -60.8% |
| Amounts receivable within one year | 40/41 | €101,600 | €4,809 | -€96,791 | -95.3% |
| Trade receivables | 40 | €1,885 | €3,186 | +€1,301 | +69.0% |
| Other amounts receivable | 41 | €99,715 | €1,623 | -€98,092 | -98.4% |
| Cash at bank and in hand | 54/58 | €20,333 | €14,093 | -€6,240 | -30.7% |
| Deferred charges and accrued income | 490/1 | €786 | €29,234 | +€28,448 | +3,619% |
| Total equity and liabilities | 10/49 | €575,400 | €746,847 | +€171,447 | +29.8% |
| Equity | 10/15 | €14,117 | €54,461 | +€40,344 | +286% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | - | €34,000 | +€34,000 | |
| Distributable reserves | 133 | - | €34,000 | +€34,000 | |
| Profit (loss) carried forward | 14 | -€5,883 | €461 | +€6,344 | |
| Amounts payable | 17/49 | €561,283 | €692,386 | +€131,102 | +23.4% |
| Amounts payable after more than one year | 17 | €353,861 | €550,120 | +€196,259 | +55.5% |
| Financial debts | 170/4 | €353,861 | €550,120 | +€196,259 | +55.5% |
| Amounts payable within one year | 42/48 | €207,422 | €140,560 | -€66,862 | -32.2% |
| Current portion of amounts payable after more than one year | 42 | €21,020 | €35,032 | +€14,012 | +66.7% |
| Trade debts | 44 | - | €334 | +€334 | |
| Suppliers | 440/4 | - | €334 | +€334 | |
| Taxes, remuneration and social security | 45 | €5,419 | €12,167 | +€6,748 | +125% |
| Taxes | 450/3 | €5,419 | €12,167 | +€6,748 | +125% |
| Other amounts payable | 47/48 | €180,983 | €93,027 | -€87,956 | -48.6% |
| Accrued charges and deferred income | 492/3 | - | €1,706 | +€1,706 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,548 | €65,862 | +€29,314 | +80.2% |
| Other operating charges | 640/8 | €2,660 | €2,280 | -€381 | -14.3% |
| Gross operating margin | 9900 | €54,193 | €135,899 | +€81,706 | +151% |
| Operating profit (loss) | 9901 | €14,985 | €67,758 | +€52,773 | +352% |
| Financial charges | 65/66B | €20,639 | €22,206 | +€1,567 | +7.6% |
| Recurring financial charges | 65 | €20,639 | €22,206 | +€1,567 | +7.6% |
| Profit (loss) for the period before taxes | 9903 | -€5,654 | €45,552 | +€51,206 | |
| Income taxes | 67/77 | €229 | €5,207 | +€4,978 | +2,174% |
| Profit (loss) for the period | 9904 | -€5,883 | €40,344 | +€46,227 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,883 | €40,344 | +€46,227 |
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 17 October 2026 via checked.be.