LSHCC: 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.
LSHCC
Largest movements
- Cash +€74,151
up €74,151 (+48.4%), from €153,049 to €227,200
mainly Net result for the year (+€87,768) and Trade debts (+€19,064)
- Receivables within one year +€30,404
up €30,404 (+5,034%), from €604 to €31,008
of which Trade receivables: +€30,404
- Tangible fixed assets +€11,528
up €11,528 (+2.9%), from €395,052 to €406,580
- Profit (loss) carried forward +€87,768
up €87,768 (+54.6%), from €160,776 to €248,544
- Debts after one year -€22,447
down €22,447 (-8.8%), from €256,268 to €233,821
- Trade debts +€19,064
up €19,064 (+150%), from €12,739 to €31,804
- Other debts +€17,946
up €17,946 (+24.8%), from €72,509 to €90,455
- Tax, wage and social debts +€13,442
up €13,442 (+314%), from €4,277 to €17,719
- Gross operating margin +€11,255
up €11,255 (+9.9%), from €113,237 to €124,492
- Taxes +€2,600
up €2,600 (+13.4%), from €19,396 to €21,996
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 | €548,705 | €664,789 | +€116,083 | +21.2% |
| Fixed assets | 21/28 | €395,052 | €406,580 | +€11,528 | +2.9% |
| Tangible fixed assets | 22/27 | €395,052 | €406,580 | +€11,528 | +2.9% |
| Land and buildings | 22 | €395,052 | €406,580 | +€11,528 | +2.9% |
| Current assets | 29/58 | €153,653 | €258,209 | +€104,555 | +68.0% |
| Amounts receivable within one year | 40/41 | €604 | €31,008 | +€30,404 | +5,034% |
| Trade receivables | 40 | - | €30,404 | +€30,404 | |
| Other amounts receivable | 41 | €604 | €604 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €153,049 | €227,200 | +€74,151 | +48.4% |
| Total equity and liabilities | 10/49 | €548,705 | €664,789 | +€116,083 | +21.2% |
| Equity | 10/15 | €180,776 | €268,544 | +€87,768 | +48.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €160,776 | €248,544 | +€87,768 | +54.6% |
| Amounts payable | 17/49 | €367,929 | €396,245 | +€28,316 | +7.7% |
| Amounts payable after more than one year | 17 | €256,268 | €233,821 | -€22,447 | -8.8% |
| Financial debts | 170/4 | €256,268 | €233,821 | -€22,447 | -8.8% |
| Amounts payable within one year | 42/48 | €111,662 | €162,424 | +€50,762 | +45.5% |
| Current portion of amounts payable after more than one year | 42 | €22,137 | €22,447 | +€309 | +1.4% |
| Trade debts | 44 | €12,739 | €31,804 | +€19,064 | +150% |
| Suppliers | 440/4 | €12,739 | €31,804 | +€19,064 | +150% |
| Taxes, remuneration and social security | 45 | €4,277 | €17,719 | +€13,442 | +314% |
| Taxes | 450/3 | €4,277 | €17,719 | +€13,442 | +314% |
| Other amounts payable | 47/48 | €72,509 | €90,455 | +€17,946 | +24.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,986 | €9,572 | +€586 | +6.5% |
| Other operating charges | 640/8 | €1,747 | €1,257 | -€490 | -28.0% |
| Gross operating margin | 9900 | €113,237 | €124,492 | +€11,255 | +9.9% |
| Operating profit (loss) | 9901 | €102,504 | €113,663 | +€11,159 | +10.9% |
| Financial charges | 65/66B | €4,244 | €3,900 | -€345 | -8.1% |
| Recurring financial charges | 65 | €4,244 | €3,900 | -€345 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €98,260 | €109,763 | +€11,504 | +11.7% |
| Income taxes | 67/77 | €19,396 | €21,996 | +€2,600 | +13.4% |
| Profit (loss) for the period | 9904 | €78,864 | €87,768 | +€8,904 | +11.3% |
| Profit (loss) for the period to be appropriated | 9905 | €78,864 | €87,768 | +€8,904 | +11.3% |
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 25 October 2026 via checked.be.