LUC BIHAIN: 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.
LUC BIHAIN
Largest movements
- Cash +€74,967
up €74,967 (+17.6%), from €426,139 to €501,105
mainly Net result for the year (+€179,609) and Depreciation (+€24,595)
- Receivables within one year +€52,886
up €52,886 (+33.3%), from €158,673 to €211,559
of which Other amounts receivable: +€52,886
- Current investments +€27,036
up €27,036 (+2.1%), from €1.3m to €1.3m
- Reserves +€179,609
up €179,609 (+8.9%), from €2.0m to €2.2m
of which Distributable reserves: +€179,609
- Tax, wage and social debts -€34,475
down €34,475 (-60.2%), from €57,221 to €22,747
of which Taxes: -€34,475
- Financial charges +€27,943
up €27,943 (+1,139%), from €2,453 to €30,396
- Taxes -€16,374
down €16,374 (-15.8%), from €103,500 to €87,126
- Financial income +€12,258
up €12,258 (+40.9%), from €29,961 to €42,220
- Gross operating margin -€9,963
down €9,963 (-3.4%), from €292,795 to €282,833
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,096,655 | €2,240,814 | +€144,159 | +6.9% |
| Fixed assets | 21/28 | €230,549 | €226,948 | -€3,601 | -1.6% |
| Tangible fixed assets | 22/27 | €177,880 | €174,279 | -€3,601 | -2.0% |
| Land and buildings | 22 | €111,386 | €125,856 | +€14,471 | +13.0% |
| Furniture and vehicles | 24 | €66,494 | €48,423 | -€18,072 | -27.2% |
| Financial fixed assets | 28 | €52,669 | €52,669 | = | 0.0% |
| Current assets | 29/58 | €1,866,106 | €2,013,866 | +€147,760 | +7.9% |
| Amounts receivable after more than one year | 29 | €7,346 | €0 | -€7,346 | -100% |
| Other amounts receivable | 291 | €7,346 | €0 | -€7,346 | -100% |
| Amounts receivable within one year | 40/41 | €158,673 | €211,559 | +€52,886 | +33.3% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €158,673 | €211,559 | +€52,886 | +33.3% |
| Current investments | 50/53 | €1,261,395 | €1,288,431 | +€27,036 | +2.1% |
| Cash at bank and in hand | 54/58 | €426,139 | €501,105 | +€74,967 | +17.6% |
| Deferred charges and accrued income | 490/1 | €12,554 | €12,771 | +€217 | +1.7% |
| Total equity and liabilities | 10/49 | €2,096,655 | €2,240,814 | +€144,159 | +6.9% |
| Equity | 10/15 | €2,038,108 | €2,217,717 | +€179,609 | +8.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,019,508 | €2,199,117 | +€179,609 | +8.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €2,017,648 | €2,197,257 | +€179,609 | +8.9% |
| Amounts payable | 17/49 | €58,547 | €23,097 | -€35,450 | -60.5% |
| Amounts payable within one year | 42/48 | €58,547 | €23,097 | -€35,450 | -60.5% |
| Trade debts | 44 | €1,326 | €345 | -€981 | -74.0% |
| Suppliers | 440/4 | €1,326 | €345 | -€981 | -74.0% |
| Taxes, remuneration and social security | 45 | €57,221 | €22,747 | -€34,475 | -60.2% |
| Taxes | 450/3 | €57,221 | €22,747 | -€34,475 | -60.2% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €0 | €5 | +€5 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,132 | €24,595 | +€1,463 | +6.3% |
| Other operating charges | 640/8 | €5,308 | €3,326 | -€1,982 | -37.3% |
| Gross operating margin | 9900 | €292,795 | €282,833 | -€9,963 | -3.4% |
| Operating profit (loss) | 9901 | €264,355 | €254,912 | -€9,444 | -3.6% |
| Financial income | 75/76B | €29,961 | €42,220 | +€12,258 | +40.9% |
| Recurring financial income | 75 | €29,961 | €42,220 | +€12,258 | +40.9% |
| Financial charges | 65/66B | €2,453 | €30,396 | +€27,943 | +1,139% |
| Recurring financial charges | 65 | €2,453 | €30,396 | +€27,943 | +1,139% |
| Profit (loss) for the period before taxes | 9903 | €291,863 | €266,735 | -€25,129 | -8.6% |
| Income taxes | 67/77 | €103,500 | €87,126 | -€16,374 | -15.8% |
| Profit (loss) for the period | 9904 | €188,363 | €179,609 | -€8,754 | -4.6% |
| Transfer from tax-exempt reserves | 789 | €126,300 | - | -€126,300 | |
| Profit (loss) for the period to be appropriated | 9905 | €314,663 | €179,609 | -€135,054 | -42.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.