A. LONHIENNE: 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.
What changed
A. LONHIENNE
NACE 46.321, Wholesale of meat and meat products, excluding game and poultry
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€619,836
2025 · €505,546+€114,290
Equity
€4.6m
2025 · €4.0m+€617,834
Cash
€1.7m
2025 · €663,079+€1.0m
Balance sheet total
€10.3m
2025 · €11.8m-€1.5m
Largest movements
Assets
- Receivables within one year -€2.6m
down €2.6m (-34.8%), from €7.3m to €4.8m
- Cash +€1.0m
up €1.0m (+151%), from €663,079 to €1.7m
mainly Receivables within one year (+€2.6m) and Net result for the year (+€619,836)
- Stocks and contracts +€172,399
up €172,399 (+14.1%), from €1.2m to €1.4m
Equity and liabilities
- Trade debts -€2.5m
down €2.5m (-39.4%), from €6.3m to €3.8m
- Profit (loss) carried forward +€619,836
up €619,836 (+20.4%), from €3.0m to €3.7m
- Tax, wage and social debts +€209,988
up €209,988 (+46.5%), from €451,517 to €661,506
of which Remuneration and social security: +€201,590
- Provisions +€155,000
new in 2026: €155,000
Income statement
- Goods and materials +€1.2m
up €1.2m (+3.3%), from €37.2m to €38.4m
of which Purchases: +€2.0m
- Turnover +€1.1m
up €1.1m (+2.5%), from €46.0m to €47.1m
- Services and other goods -€687,326
down €687,326 (-14.1%), from €4.9m to €4.2m
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.
Result 2025
€505,546
Turnover
+€1.1m
Other operating income
+€14,802
Goods and materials
-€1.2m
Services and other goods
+€687,326
Staff costs
-€285,083
Depreciation
+€26,129
Write-downs
-€236
Provisions
-€155,000
Other operating charges
-€56,019
Financial income
+€4,457
Financial charges
+€10,866
Taxes
-€37,208
Result 2026
€619,836
raises the resultlowers the result
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.
From operations
+€1.2m
Investment
-€178,689
Financing
-€2,002
Cash 2025
€663,079
From operations (derived)
+€1.2m
Net result for the year
+€619,836
Depreciation
+€326,584
Stocks and contracts
-€172,399
Receivables within one year
+€2.6m
Deferred charges and accrued income
-€999
Provisions
+€155,000
Trade debts
-€2.5m
Tax, wage and social debts
+€209,988
Accrued charges and deferred income
-€27,913
Investment (derived)
-€178,689
Investment in fixed assets (net)
-€178,689
Financing
-€2,002
Contributions, distributions and other
-€2,002
Cash 2026
€1.7m
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,809,343 | €10,285,020 | -€1.5m | -12.9% |
| Fixed assets | 21/28 | €2,529,225 | €2,381,331 | -€147,894 | -5.8% |
| Tangible fixed assets | 22/27 | €2,492,610 | €2,378,361 | -€114,249 | -4.6% |
| Land and buildings | 22 | €1,391,464 | €1,252,447 | -€139,017 | -10.0% |
| Plant, machinery and equipment | 23 | €1,088,188 | €1,089,672 | +€1,484 | +0.1% |
| Furniture and vehicles | 24 | €12,958 | €34,249 | +€21,290 | +164% |
| Assets under construction and advance payments | 27 | €0 | €1,994 | +€1,994 | |
| Financial fixed assets | 28 | €36,615 | €2,970 | -€33,645 | -91.9% |
| Other financial fixed assets | 284/8 | €36,615 | €2,970 | -€33,645 | -91.9% |
| Amounts receivable and cash guarantees | 285/8 | €36,615 | €2,970 | -€33,645 | -91.9% |
| Current assets | 29/58 | €9,280,118 | €7,903,689 | -€1.4m | -14.8% |
| Stocks and contracts in progress | 3 | €1,222,639 | €1,395,039 | +€172,399 | +14.1% |
| Stocks | 30/36 | €1,222,639 | €1,395,039 | +€172,399 | +14.1% |
| Raw materials and consumables | 30/31 | €1,222,639 | €1,395,039 | +€172,399 | +14.1% |
| Amounts receivable within one year | 40/41 | €7,333,821 | €4,781,739 | -€2.6m | -34.8% |
| Trade receivables | 40 | €7,333,821 | €4,781,739 | -€2.6m | -34.8% |
| Cash at bank and in hand | 54/58 | €663,079 | €1,665,334 | +€1.0m | +151% |
| Deferred charges and accrued income | 490/1 | €60,579 | €61,578 | +€999 | +1.6% |
| Total equity and liabilities | 10/49 | €11,809,343 | €10,285,020 | -€1.5m | -12.9% |
| Equity | 10/15 | €4,001,199 | €4,619,033 | +€617,834 | +15.4% |
| Contributions | 10/11 | €148,736 | €148,736 | = | 0.0% |
| Reserves | 13 | €806,125 | €806,125 | = | 0.0% |
| Tax-exempt reserves | 132 | €22,782 | €22,782 | = | 0.0% |
| Distributable reserves | 133 | €783,344 | €783,344 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,036,573 | €3,656,409 | +€619,836 | +20.4% |
| Investment grants | 15 | €9,764 | €7,762 | -€2,002 | -20.5% |
| Provisions and deferred taxes | 16 | - | €155,000 | +€155,000 | |
| Provisions for liabilities and charges | 160/5 | - | €155,000 | +€155,000 | |
| Other liabilities and charges | 164/5 | - | €155,000 | +€155,000 | |
| Amounts payable | 17/49 | €7,808,144 | €5,510,987 | -€2.3m | -29.4% |
| Amounts payable after more than one year | 17 | €757,441 | €757,441 | = | 0.0% |
| Other amounts payable | 178/9 | €757,441 | €757,441 | = | 0.0% |
| Amounts payable within one year | 42/48 | €6,746,656 | €4,477,412 | -€2.3m | -33.6% |
| Trade debts | 44 | €6,295,138 | €3,815,906 | -€2.5m | -39.4% |
| Suppliers | 440/4 | €6,295,138 | €3,815,906 | -€2.5m | -39.4% |
| Taxes, remuneration and social security | 45 | €451,517 | €661,506 | +€209,988 | +46.5% |
| Taxes | 450/3 | €181,893 | €190,291 | +€8,398 | +4.6% |
| Remuneration and social security | 454/9 | €269,624 | €471,214 | +€201,590 | +74.8% |
| Accrued charges and deferred income | 492/3 | €304,047 | €276,134 | -€27,913 | -9.2% |
| Operating income | 70/76A | €46,010,584 | €47,169,638 | +€1.2m | +2.5% |
| Turnover | 70 | €46,002,074 | €47,146,325 | +€1.1m | +2.5% |
| Other operating income | 74 | €8,510 | €23,313 | +€14,802 | +174% |
| Operating charges | 60/66A | €45,274,551 | €46,297,431 | +€1.0m | +2.3% |
| Goods for resale, raw materials and consumables | 60 | €37,164,114 | €38,404,112 | +€1.2m | +3.3% |
| Purchases | 600/8 | €36,605,490 | €38,576,511 | +€2.0m | +5.4% |
| Change in stocks: decrease (increase) | 609 | €558,624 | -€172,399 | -€731,024 | |
| Services and other goods | 61 | €4,871,222 | €4,183,897 | -€687,326 | -14.1% |
| Remuneration, social security and pensions | 62 | €2,806,872 | €3,091,955 | +€285,083 | +10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €352,713 | €326,584 | -€26,129 | -7.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,089 | -€854 | +€236 | +21.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €155,000 | +€155,000 | |
| Other operating charges | 640/8 | €80,719 | €136,738 | +€56,019 | +69.4% |
| Operating profit (loss) | 9901 | €736,033 | €872,207 | +€136,174 | +18.5% |
| Financial income | 75/76B | €4,802 | €9,260 | +€4,457 | +92.8% |
| Recurring financial income | 75 | €4,802 | €9,260 | +€4,457 | +92.8% |
| Other financial income | 752/9 | €4,802 | €9,260 | +€4,457 | +92.8% |
| Financial charges | 65/66B | €40,718 | €29,851 | -€10,866 | -26.7% |
| Recurring financial charges | 65 | €40,718 | €29,851 | -€10,866 | -26.7% |
| Debt charges | 650 | €35,327 | €25,773 | -€9,554 | -27.0% |
| Other financial charges | 652/9 | €5,390 | €4,078 | -€1,313 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | €700,118 | €851,615 | +€151,497 | +21.6% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €194,572 | €231,779 | +€37,208 | +19.1% |
| Taxes | 670/3 | €194,572 | €231,779 | +€37,208 | +19.1% |
| Profit (loss) for the period | 9904 | €505,546 | €619,836 | +€114,290 | +22.6% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €505,546 | €619,836 | +€114,290 | +22.6% |
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.