LRH - Invest: 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.
LRH - Invest
Largest movements
- Tangible fixed assets -€21,157
down €21,157 (-4.3%), from €493,598 to €472,441
- Debts after one year -€46,668
down €46,668 (-33.3%), from €139,984 to €93,316
- Trade debts +€19,656
up €19,656 (+40.1%), from €48,967 to €68,623
- Reserves +€17,193
up €17,193 (+7.4%), from €233,588 to €250,781
of which Distributable reserves: +€17,193
- Accrued charges and deferred income -€5,900
down €5,900 (-68.2%), from €8,649 to €2,750
- Gross operating margin -€10,212
down €10,212 (-13.0%), from €78,810 to €68,599
- Financial charges -€3,889
down €3,889 (-31.1%), from €12,515 to €8,626
- Taxes -€1,710
down €1,710 (-16.8%), from €10,151 to €8,441
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 | €507,310 | €492,963 | -€14,346 | -2.8% |
| Fixed assets | 21/28 | €493,598 | €472,441 | -€21,157 | -4.3% |
| Tangible fixed assets | 22/27 | €493,598 | €472,441 | -€21,157 | -4.3% |
| Land and buildings | 22 | €493,598 | €472,441 | -€21,157 | -4.3% |
| Current assets | 29/58 | €13,712 | €20,523 | +€6,811 | +49.7% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €12,527 | €14,292 | +€1,765 | +14.1% |
| Deferred charges and accrued income | 490/1 | €1,185 | €6,231 | +€5,045 | +426% |
| Total equity and liabilities | 10/49 | €507,310 | €492,963 | -€14,346 | -2.8% |
| Equity | 10/15 | €252,188 | €269,381 | +€17,193 | +6.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €233,588 | €250,781 | +€17,193 | +7.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €233,588 | €250,781 | +€17,193 | +7.4% |
| Amounts payable | 17/49 | €255,122 | €223,583 | -€31,539 | -12.4% |
| Amounts payable after more than one year | 17 | €139,984 | €93,316 | -€46,668 | -33.3% |
| Financial debts | 170/4 | €139,984 | €93,316 | -€46,668 | -33.3% |
| Amounts payable within one year | 42/48 | €106,489 | €127,517 | +€21,029 | +19.7% |
| Current portion of amounts payable after more than one year | 42 | €46,668 | €46,668 | = | 0.0% |
| Trade debts | 44 | €48,967 | €68,623 | +€19,656 | +40.1% |
| Suppliers | 440/4 | €48,967 | €68,623 | +€19,656 | +40.1% |
| Taxes, remuneration and social security | 45 | €3,211 | €6,206 | +€2,995 | +93.3% |
| Taxes | 450/3 | €3,211 | €6,206 | +€2,995 | +93.3% |
| Other amounts payable | 47/48 | €7,643 | €6,020 | -€1,623 | -21.2% |
| Accrued charges and deferred income | 492/3 | €8,649 | €2,750 | -€5,900 | -68.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,157 | €21,157 | = | 0.0% |
| Other operating charges | 640/8 | €13,235 | €13,182 | -€53 | -0.4% |
| Gross operating margin | 9900 | €78,810 | €68,599 | -€10,212 | -13.0% |
| Operating profit (loss) | 9901 | €44,418 | €34,260 | -€10,159 | -22.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €12,515 | €8,626 | -€3,889 | -31.1% |
| Recurring financial charges | 65 | €12,515 | €8,626 | -€3,889 | -31.1% |
| Profit (loss) for the period before taxes | 9903 | €31,903 | €25,634 | -€6,269 | -19.7% |
| Income taxes | 67/77 | €10,151 | €8,441 | -€1,710 | -16.8% |
| Profit (loss) for the period | 9904 | €21,752 | €17,193 | -€4,559 | -21.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,752 | €17,193 | -€4,559 | -21.0% |
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 29 October 2026 via checked.be.