LONCIN PHILIPPE: 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.
LONCIN PHILIPPE
Largest movements
- Cash +€76,194
up €76,194 (+290%), from €26,266 to €102,460
mainly Trade debts (+€58,113) and Depreciation (+€29,598)
- Tangible fixed assets +€42,935
up €42,935 (+85.3%), from €50,316 to €93,251
of which Furniture and vehicles: +€63,289
- Receivables within one year -€26,730
down €26,730 (-17.4%), from €153,266 to €126,536
of which Trade receivables: -€16,587
- Trade debts +€58,113
up €58,113 (+595%), from €9,760 to €67,873
- Reserves +€22,795
up €22,795 (+15.2%), from €150,224 to €173,019
- Tax, wage and social debts +€10,447
up €10,447 (+164%), from €6,359 to €16,807
of which Taxes: +€12,097
- Other debts +€8,173
up €8,173 (+18.5%), from €44,252 to €52,425
- Current portion of long-term debt -€6,449
down €6,449 (-67.5%), from €9,551 to €3,101
- Gross operating margin +€10,019
up €10,019 (+7.5%), from €133,748 to €143,766
- Depreciation -€9,021
down €9,021 (-23.4%), from €38,619 to €29,598
- Staff costs +€5,152
up €5,152 (+7.2%), from €71,542 to €76,694
- Taxes +€3,675
up €3,675 (+62.6%), from €5,871 to €9,546
- Financial income -€2,582
down €2,582 (-100.0%), from €2,582 to €0
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 | €242,215 | €332,164 | +€89,950 | +37.1% |
| Fixed assets | 21/28 | €50,316 | €93,251 | +€42,935 | +85.3% |
| Tangible fixed assets | 22/27 | €50,316 | €93,251 | +€42,935 | +85.3% |
| Land and buildings | 22 | - | €1,514 | +€1,514 | |
| Plant, machinery and equipment | 23 | €4,162 | €7,684 | +€3,522 | +84.6% |
| Furniture and vehicles | 24 | €4,274 | €67,563 | +€63,289 | +1,481% |
| Leasing and similar rights | 25 | €41,879 | €16,490 | -€25,389 | -60.6% |
| Current assets | 29/58 | €191,899 | €238,913 | +€47,014 | +24.5% |
| Amounts receivable within one year | 40/41 | €153,266 | €126,536 | -€26,730 | -17.4% |
| Trade receivables | 40 | €116,246 | €99,659 | -€16,587 | -14.3% |
| Other amounts receivable | 41 | €37,020 | €26,876 | -€10,143 | -27.4% |
| Cash at bank and in hand | 54/58 | €26,266 | €102,460 | +€76,194 | +290% |
| Deferred charges and accrued income | 490/1 | €12,366 | €9,917 | -€2,450 | -19.8% |
| Total equity and liabilities | 10/49 | €242,215 | €332,164 | +€89,950 | +37.1% |
| Equity | 10/15 | €168,824 | €191,619 | +€22,795 | +13.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €150,224 | €173,019 | +€22,795 | +15.2% |
| Distributable reserves | 133 | €150,224 | €173,019 | +€22,795 | +15.2% |
| Amounts payable | 17/49 | €73,390 | €140,545 | +€67,155 | +91.5% |
| Amounts payable after more than one year | 17 | €3,101 | €0 | -€3,101 | -100% |
| Financial debts | 170/4 | €3,101 | €0 | -€3,101 | -100% |
| Amounts payable within one year | 42/48 | €70,289 | €140,545 | +€70,256 | +100.0% |
| Current portion of amounts payable after more than one year | 42 | €9,551 | €3,101 | -€6,449 | -67.5% |
| Financial debts | 43 | €367 | €339 | -€28 | -7.5% |
| Credit institutions | 430/8 | €367 | €339 | -€28 | -7.5% |
| Trade debts | 44 | €9,760 | €67,873 | +€58,113 | +595% |
| Suppliers | 440/4 | €9,760 | €67,873 | +€58,113 | +595% |
| Taxes, remuneration and social security | 45 | €6,359 | €16,807 | +€10,447 | +164% |
| Taxes | 450/3 | €4,710 | €16,807 | +€12,097 | +257% |
| Remuneration and social security | 454/9 | €1,649 | €0 | -€1,649 | -100% |
| Other amounts payable | 47/48 | €44,252 | €52,425 | +€8,173 | +18.5% |
| Non-recurring operating income | 76A | €3,000 | €0 | -€3,000 | -100% |
| Remuneration, social security and pensions | 62 | €71,542 | €76,694 | +€5,152 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,619 | €29,598 | -€9,021 | -23.4% |
| Other operating charges | 640/8 | €1,316 | €1,328 | +€13 | +1.0% |
| Gross operating margin | 9900 | €133,748 | €143,766 | +€10,019 | +7.5% |
| Operating profit (loss) | 9901 | €22,271 | €36,146 | +€13,875 | +62.3% |
| Financial income | 75/76B | €2,582 | €0 | -€2,582 | -100.0% |
| Recurring financial income | 75 | €2,582 | €0 | -€2,582 | -100.0% |
| Financial charges | 65/66B | €5,515 | €3,805 | -€1,710 | -31.0% |
| Recurring financial charges | 65 | €5,515 | €3,805 | -€1,710 | -31.0% |
| Profit (loss) for the period before taxes | 9903 | €19,338 | €32,341 | +€13,003 | +67.2% |
| Income taxes | 67/77 | €5,871 | €9,546 | +€3,675 | +62.6% |
| Profit (loss) for the period | 9904 | €13,467 | €22,795 | +€9,328 | +69.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,467 | €22,795 | +€9,328 | +69.3% |
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 21 October 2026 via checked.be.