LSH SERVICES: what changed
LSH SERVICES
Largest movements
- Current investments -€1.3m
no longer reported in 2025 (was €1.3m)
- Receivables within one year +€953,461
up €953,461 (+126%), from €756,510 to €1.7m
of which Other amounts receivable: +€955,000
- Cash +€265,552
up €265,552 (+232%), from €114,469 to €380,021
mainly Current investments (+€1.3m) and Net result for the year (+€197,964)
- Reserves +€197,964
up €197,964 (+3.9%), from €5.1m to €5.3m
of which Distributable reserves: +€197,964
- Debts after one year -€113,591
down €113,591 (-56.1%), from €202,642 to €89,051
- Tax, wage and social debts -€104,956
down €104,956 (-79.1%), from €132,709 to €27,753
- Financial income -€1.0m
down €1.0m (-98.9%), from €1.0m to €11,367
- Taxes -€100,782
down €100,782 (-54.6%), from €184,441 to €83,659
- Gross operating margin +€6,028
up €6,028 (+2.2%), from €275,529 to €281,557
- Financial charges -€3,013
down €3,013 (-21.6%), from €13,945 to €10,932
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,854,502 | €5,823,444 | -€31,057 | -0.5% |
| Fixed assets | 21/28 | €3,733,453 | €3,733,453 | = | 0.0% |
| Financial fixed assets | 28 | €3,733,453 | €3,733,453 | = | 0.0% |
| Current assets | 29/58 | €2,121,049 | €2,089,992 | -€31,057 | -1.5% |
| Amounts receivable within one year | 40/41 | €756,510 | €1,709,971 | +€953,461 | +126% |
| Trade receivables | 40 | €56,410 | €54,871 | -€1,539 | -2.7% |
| Other amounts receivable | 41 | €700,100 | €1,655,100 | +€955,000 | +136% |
| Current investments | 50/53 | €1,250,000 | - | -€1.3m | |
| Cash at bank and in hand | 54/58 | €114,469 | €380,021 | +€265,552 | +232% |
| Deferred charges and accrued income | 490/1 | €70 | - | -€70 | |
| Total equity and liabilities | 10/49 | €5,854,502 | €5,823,444 | -€31,057 | -0.5% |
| Equity | 10/15 | €5,226,246 | €5,424,210 | +€197,964 | +3.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €5,126,246 | €5,324,210 | +€197,964 | +3.9% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €5,116,246 | €5,314,210 | +€197,964 | +3.9% |
| Amounts payable | 17/49 | €628,255 | €399,234 | -€229,021 | -36.5% |
| Amounts payable after more than one year | 17 | €202,642 | €89,051 | -€113,591 | -56.1% |
| Financial debts | 170/4 | €202,642 | €89,051 | -€113,591 | -56.1% |
| Amounts payable within one year | 42/48 | €425,377 | €309,588 | -€115,788 | -27.2% |
| Current portion of amounts payable after more than one year | 42 | €107,293 | €112,500 | +€5,207 | +4.9% |
| Trade debts | 44 | €10,717 | €4,730 | -€5,987 | -55.9% |
| Suppliers | 440/4 | €10,717 | €4,730 | -€5,987 | -55.9% |
| Taxes, remuneration and social security | 45 | €132,709 | €27,753 | -€104,956 | -79.1% |
| Taxes | 450/3 | €132,709 | €27,753 | -€104,956 | -79.1% |
| Other amounts payable | 47/48 | €174,658 | €164,606 | -€10,053 | -5.8% |
| Accrued charges and deferred income | 492/3 | €236 | €595 | +€359 | +152% |
| Other operating charges | 640/8 | €231 | €369 | +€138 | +59.7% |
| Gross operating margin | 9900 | €275,529 | €281,557 | +€6,028 | +2.2% |
| Operating profit (loss) | 9901 | €275,298 | €281,188 | +€5,890 | +2.1% |
| Financial income | 75/76B | €1,044,172 | €11,367 | -€1.0m | -98.9% |
| Recurring financial income | 75 | €1,044,172 | €11,367 | -€1.0m | -98.9% |
| Financial charges | 65/66B | €13,945 | €10,932 | -€3,013 | -21.6% |
| Recurring financial charges | 65 | €13,945 | €10,932 | -€3,013 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | €1,305,525 | €281,623 | -€1.0m | -78.4% |
| Income taxes | 67/77 | €184,441 | €83,659 | -€100,782 | -54.6% |
| Profit (loss) for the period | 9904 | €1,121,083 | €197,964 | -€923,120 | -82.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,121,083 | €197,964 | -€923,120 | -82.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.