LU HAO: what changed
Two fiscal 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.
LU HAO
Largest movements
- Cash +€16,495
up €16,495 (+196.1%), from €8,412 to €24,907
mainly Depreciation (+€18,653) and Net result for the year (+€12,754)
- Tangible fixed assets -€4,717
down €4,717 (-8.3%), from €57,153 to €52,436
of which Plant, machinery and equipment: -€10,001
- Receivables within one year -€1,037
down €1,037 (-36.9%), from €2,810 to €1,773
of which Trade receivables: -€796
- Reserves +€12,330
new in 2024: €12,330
- Debts after one year -€11,861
down €11,861 (-34.0%), from €34,914 to €23,053
- Other debts +€3,828
up €3,828 (+20.3%), from €18,821 to €22,649
- Tax, wage and social debts +€2,935
up €2,935 (+64.1%), from €4,579 to €7,514
- Trade debts +€1,938
up €1,938 (+50.9%), from €3,811 to €5,749
- Gross operating margin +€28,820
up €28,820 (+281.8%), from €10,226 to €39,045
- Depreciation +€10,259
up €10,259 (+122.2%), from €8,394 to €18,653
- Taxes +€3,158
up €3,158 (+1402.0%), from €225 to €3,383
- Financial charges +€1,375
up €1,375 (+75.2%), from €1,828 to €3,203
- Other operating charges +€876
up €876 (+433.3%), from €202 to €1,078
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €75,085 | €85,156 | +€10,072 | +13.4% |
| Fixed assets | 21/28 | €57,153 | €52,436 | -€4,717 | -8.3% |
| Tangible fixed assets | 22/27 | €57,153 | €52,436 | -€4,717 | -8.3% |
| Land and buildings | 22 | - | €5,466 | +€5,466 | |
| Plant, machinery and equipment | 23 | €56,667 | €46,666 | -€10,001 | -17.6% |
| Furniture and vehicles | 24 | €486 | €304 | -€182 | -37.5% |
| Current assets | 29/58 | €17,932 | €32,720 | +€14,788 | +82.5% |
| Stocks and contracts in progress | 3 | €6,710 | €6,040 | -€670 | -10.0% |
| Stocks | 30/36 | €6,710 | €6,040 | -€670 | -10.0% |
| Amounts receivable within one year | 40/41 | €2,810 | €1,773 | -€1,037 | -36.9% |
| Trade receivables | 40 | €2,232 | €1,437 | -€796 | -35.6% |
| Other amounts receivable | 41 | €577 | €336 | -€241 | -41.8% |
| Cash at bank and in hand | 54/58 | €8,412 | €24,907 | +€16,495 | +196.1% |
| Total equity and liabilities | 10/49 | €75,085 | €85,156 | +€10,072 | +13.4% |
| Equity | 10/15 | €1,576 | €14,330 | +€12,754 | +809.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €12,330 | +€12,330 | |
| Distributable reserves | 133 | - | €12,330 | +€12,330 | |
| Profit (loss) carried forward | 14 | -€424 | - | +€424 | |
| Amounts payable | 17/49 | €73,509 | €70,826 | -€2,682 | -3.6% |
| Amounts payable after more than one year | 17 | €34,914 | €23,053 | -€11,861 | -34.0% |
| Financial debts | 170/4 | €34,914 | €23,053 | -€11,861 | -34.0% |
| Amounts payable within one year | 42/48 | €38,595 | €47,774 | +€9,179 | +23.8% |
| Current portion of amounts payable after more than one year | 42 | €11,384 | €11,861 | +€478 | +4.2% |
| Trade debts | 44 | €3,811 | €5,749 | +€1,938 | +50.9% |
| Suppliers | 440/4 | €3,811 | €5,749 | +€1,938 | +50.9% |
| Taxes, remuneration and social security | 45 | €4,579 | €7,514 | +€2,935 | +64.1% |
| Taxes | 450/3 | €4,579 | €7,514 | +€2,935 | +64.1% |
| Other amounts payable | 47/48 | €18,821 | €22,649 | +€3,828 | +20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,394 | €18,653 | +€10,259 | +122.2% |
| Other operating charges | 640/8 | €202 | €1,078 | +€876 | +433.3% |
| Gross operating margin | 9900 | €10,226 | €39,045 | +€28,820 | +281.8% |
| Operating profit (loss) | 9901 | €1,629 | €19,314 | +€17,685 | +1085.4% |
| Financial income | 75/76B | €0 | €25 | +€25 | +50560.0% |
| Recurring financial income | 75 | €0 | €25 | +€25 | +50560.0% |
| Financial charges | 65/66B | €1,828 | €3,203 | +€1,375 | +75.2% |
| Recurring financial charges | 65 | €1,828 | €3,203 | +€1,375 | +75.2% |
| Profit (loss) for the period before taxes | 9903 | -€199 | €16,137 | +€16,335 | |
| Income taxes | 67/77 | €225 | €3,383 | +€3,158 | +1402.0% |
| Profit (loss) for the period | 9904 | -€424 | €12,754 | +€13,177 | |
| Profit (loss) for the period to be appropriated | 9905 | -€424 | €12,754 | +€13,177 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.