LNHM: 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.
LNHM
Largest movements
- Current investments +€257,034
up €257,034 (+129%), from €200,000 to €457,034
- Cash -€232,090
down €232,090 (-54.3%), from €427,808 to €195,718
mainly Current investments (-€257,034) and Contributions, distributions and other (-€84,477)
- Tangible fixed assets -€27,095
down €27,095 (-9.4%), from €289,138 to €262,043
of which Furniture and vehicles: -€14,636
- Reserves -€46,933
down €46,933 (-10.4%), from €450,287 to €403,354
of which Distributable reserves: -€46,933
- Tax, wage and social debts +€20,682
up €20,682 (+539%), from €3,839 to €24,521
- Other debts +€13,884
up €13,884 (+347%), from €3,997 to €17,882
- Financial income +€26,054
up €26,054 (+1,438%), from €1,812 to €27,865
- Gross operating margin +€21,051
up €21,051 (+38.0%), from €55,437 to €76,488
- Taxes +€17,525
up €17,525 (+622%), from €2,818 to €20,343
- Other operating charges -€2,963
down €2,963 (-15.9%), from €18,650 to €15,687
- Write-downs -€2,471
down €2,471 (-423%), from -€585 to -€3,055
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 | €937,057 | €925,798 | -€11,259 | -1.2% |
| Fixed assets | 21/28 | €290,388 | €263,293 | -€27,095 | -9.3% |
| Tangible fixed assets | 22/27 | €289,138 | €262,043 | -€27,095 | -9.4% |
| Land and buildings | 22 | €224,157 | €215,018 | -€9,139 | -4.1% |
| Plant, machinery and equipment | 23 | €13,761 | €10,441 | -€3,320 | -24.1% |
| Furniture and vehicles | 24 | €51,220 | €36,583 | -€14,636 | -28.6% |
| Financial fixed assets | 28 | €1,250 | €1,250 | = | 0.0% |
| Current assets | 29/58 | €646,669 | €662,506 | +€15,837 | +2.4% |
| Stocks and contracts in progress | 3 | €1,000 | €1,000 | = | 0.0% |
| Stocks | 30/36 | €1,000 | €1,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €16,325 | €7,287 | -€9,039 | -55.4% |
| Trade receivables | 40 | €3,617 | €7,195 | +€3,578 | +98.9% |
| Other amounts receivable | 41 | €12,708 | €91 | -€12,617 | -99.3% |
| Current investments | 50/53 | €200,000 | €457,034 | +€257,034 | +129% |
| Cash at bank and in hand | 54/58 | €427,808 | €195,718 | -€232,090 | -54.3% |
| Deferred charges and accrued income | 490/1 | €1,536 | €1,467 | -€69 | -4.5% |
| Total equity and liabilities | 10/49 | €937,057 | €925,798 | -€11,259 | -1.2% |
| Equity | 10/15 | €913,787 | €866,854 | -€46,933 | -5.1% |
| Contributions | 10/11 | €463,500 | €463,500 | = | 0.0% |
| Capital | 10 | €463,500 | €463,500 | = | 0.0% |
| Issued capital | 100 | €463,500 | €463,500 | = | 0.0% |
| Reserves | 13 | €450,287 | €403,354 | -€46,933 | -10.4% |
| Non-distributable reserves | 130/1 | €60,200 | €60,200 | = | 0.0% |
| Legal reserve | 130 | €60,200 | €60,200 | = | 0.0% |
| Distributable reserves | 133 | €390,087 | €343,154 | -€46,933 | -12.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €23,270 | €58,944 | +€35,674 | +153% |
| Amounts payable within one year | 42/48 | €7,837 | €43,024 | +€35,187 | +449% |
| Trade debts | 44 | €1 | €621 | +€621 | +124,112% |
| Suppliers | 440/4 | €1 | €621 | +€621 | +124,112% |
| Taxes, remuneration and social security | 45 | €3,839 | €24,521 | +€20,682 | +539% |
| Taxes | 450/3 | €3,839 | €24,521 | +€20,682 | +539% |
| Other amounts payable | 47/48 | €3,997 | €17,882 | +€13,884 | +347% |
| Accrued charges and deferred income | 492/3 | €15,433 | €15,920 | +€487 | +3.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,549 | €27,095 | +€547 | +2.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€585 | -€3,055 | -€2,471 | -423% |
| Other operating charges | 640/8 | €18,650 | €15,687 | -€2,963 | -15.9% |
| Non-recurring operating charges | 66A | - | €4,857 | +€4,857 | |
| Gross operating margin | 9900 | €55,437 | €76,488 | +€21,051 | +38.0% |
| Operating profit (loss) | 9901 | €10,824 | €31,904 | +€21,080 | +195% |
| Financial income | 75/76B | €1,812 | €27,865 | +€26,054 | +1,438% |
| Recurring financial income | 75 | €1,812 | €27,865 | +€26,054 | +1,438% |
| Financial charges | 65/66B | €3,001 | €1,882 | -€1,119 | -37.3% |
| Recurring financial charges | 65 | €3,001 | €1,882 | -€1,119 | -37.3% |
| Profit (loss) for the period before taxes | 9903 | €9,634 | €57,887 | +€48,253 | +501% |
| Income taxes | 67/77 | €2,818 | €20,343 | +€17,525 | +622% |
| Profit (loss) for the period | 9904 | €6,816 | €37,544 | +€30,727 | +451% |
| Profit (loss) for the period to be appropriated | 9905 | €6,816 | €37,544 | +€30,727 | +451% |
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 23 October 2026 via checked.be.