LSH GROUP: 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.
LSH GROUP
Largest movements
- Tangible fixed assets -€6,250
no longer reported in 2025 (was €6,250)
- Receivables within one year +€965
new in 2025: €965
- Cash +€228
up €228 (+481%), from €47 to €276
mainly Depreciation (+€6,250) and Other debts (+€514)
- Profit (loss) carried forward -€5,571
down €5,571 (-31.0%), from -€17,962 to -€23,533
- Other debts +€514
up €514 (+19.6%), from €2,618 to €3,132
- Gross operating margin +€12,386
up €12,386, from -€11,706 to €679
- Staff costs -€6,250
no longer reported in 2025 (was €6,250)
- Depreciation +€6,250
new in 2025: €6,250
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 | €6,297 | €1,241 | -€5,057 | -80.3% |
| Fixed assets | 21/28 | €6,250 | - | -€6,250 | |
| Tangible fixed assets | 22/27 | €6,250 | - | -€6,250 | |
| Furniture and vehicles | 24 | €6,250 | - | -€6,250 | |
| Current assets | 29/58 | €47 | €1,241 | +€1,193 | +2,516% |
| Amounts receivable within one year | 40/41 | - | €965 | +€965 | |
| Other amounts receivable | 41 | - | €965 | +€965 | |
| Cash at bank and in hand | 54/58 | €47 | €276 | +€228 | +481% |
| Total equity and liabilities | 10/49 | €6,297 | €1,241 | -€5,057 | -80.3% |
| Equity | 10/15 | €2,038 | -€3,533 | -€5,571 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,962 | -€23,533 | -€5,571 | -31.0% |
| Amounts payable | 17/49 | €4,260 | €4,774 | +€514 | +12.1% |
| Amounts payable within one year | 42/48 | €4,260 | €4,774 | +€514 | +12.1% |
| Trade debts | 44 | €1,642 | €1,642 | = | 0.0% |
| Suppliers | 440/4 | €1,642 | €1,642 | = | 0.0% |
| Other amounts payable | 47/48 | €2,618 | €3,132 | +€514 | +19.6% |
| Remuneration, social security and pensions | 62 | €6,250 | - | -€6,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €6,250 | +€6,250 | |
| Gross operating margin | 9900 | -€11,706 | €679 | +€12,386 | |
| Operating profit (loss) | 9901 | -€17,956 | -€5,571 | +€12,386 | +69.0% |
| Financial charges | 65/66B | €6 | - | -€6 | |
| Recurring financial charges | 65 | €6 | - | -€6 | |
| Profit (loss) for the period before taxes | 9903 | -€17,962 | -€5,571 | +€12,392 | +69.0% |
| Profit (loss) for the period | 9904 | -€17,962 | -€5,571 | +€12,392 | +69.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,962 | -€5,571 | +€12,392 | +69.0% |
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 18 October 2026 via checked.be.