LONCKE - HONORE: 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.
LONCKE - HONORE
Largest movements
- Current investments +€59,408
up €59,408 (+46.2%), from €128,650 to €188,058
- Tangible fixed assets -€39,506
down €39,506 (-7.7%), from €513,507 to €474,001
of which Other tangible fixed assets: -€30,891
- Receivables within one year -€26,634
down €26,634 (-14.9%), from €178,345 to €151,711
of which Other amounts receivable: -€23,134
- Cash +€22,567
up €22,567 (+5.6%), from €406,381 to €428,948
mainly Net result for the year (+€136,188) and Depreciation (+€58,333)
- Reserves +€136,188
up €136,188 (+17.8%), from €765,133 to €901,320
of which Distributable reserves: +€136,188
- Other debts -€113,600
down €113,600 (-40.0%), from €284,156 to €170,556
- Trade debts +€30,495
up €30,495 (+42.8%), from €71,242 to €101,737
- Debts after one year -€28,873
down €28,873 (-14.4%), from €200,567 to €171,694
of which Financial debts: -€30,833
- Staff costs -€25,797
down €25,797 (-39.8%), from €64,749 to €38,952
- Financial income -€9,239
down €9,239 (-55.6%), from €16,627 to €7,389
- Financial charges +€4,691
up €4,691 (+12.2%), from €38,378 to €43,068
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.
Cash bridge derived
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 | €1,441,666 | €1,455,438 | +€13,772 | +1.0% |
| Fixed assets | 21/28 | €522,578 | €483,072 | -€39,506 | -7.6% |
| Intangible fixed assets | 21 | €3,972 | €3,972 | = | 0.0% |
| Tangible fixed assets | 22/27 | €513,507 | €474,001 | -€39,506 | -7.7% |
| Land and buildings | 22 | €275,223 | €275,941 | +€718 | +0.3% |
| Plant, machinery and equipment | 23 | €34,824 | €32,291 | -€2,533 | -7.3% |
| Furniture and vehicles | 24 | €60,936 | €54,137 | -€6,799 | -11.2% |
| Other tangible fixed assets | 26 | €142,524 | €111,632 | -€30,891 | -21.7% |
| Financial fixed assets | 28 | €5,099 | €5,099 | = | 0.0% |
| Current assets | 29/58 | €919,088 | €972,366 | +€53,278 | +5.8% |
| Stocks and contracts in progress | 3 | €202,791 | €201,142 | -€1,650 | -0.8% |
| Stocks | 30/36 | €202,791 | €201,142 | -€1,650 | -0.8% |
| Amounts receivable within one year | 40/41 | €178,345 | €151,711 | -€26,634 | -14.9% |
| Trade receivables | 40 | €134,890 | €131,390 | -€3,500 | -2.6% |
| Other amounts receivable | 41 | €43,455 | €20,321 | -€23,134 | -53.2% |
| Current investments | 50/53 | €128,650 | €188,058 | +€59,408 | +46.2% |
| Cash at bank and in hand | 54/58 | €406,381 | €428,948 | +€22,567 | +5.6% |
| Deferred charges and accrued income | 490/1 | €2,921 | €2,507 | -€414 | -14.2% |
| Total equity and liabilities | 10/49 | €1,441,666 | €1,455,438 | +€13,772 | +1.0% |
| Equity | 10/15 | €827,133 | €963,320 | +€136,188 | +16.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €765,133 | €901,320 | +€136,188 | +17.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,902 | €15,902 | = | 0.0% |
| Distributable reserves | 133 | €743,031 | €879,218 | +€136,188 | +18.3% |
| Amounts payable | 17/49 | €614,533 | €492,118 | -€122,415 | -19.9% |
| Amounts payable after more than one year | 17 | €200,567 | €171,694 | -€28,873 | -14.4% |
| Financial debts | 170/4 | €164,445 | €133,612 | -€30,833 | -18.7% |
| Other amounts payable | 178/9 | €36,122 | €38,082 | +€1,960 | +5.4% |
| Amounts payable within one year | 42/48 | €408,526 | €315,196 | -€93,330 | -22.8% |
| Current portion of amounts payable after more than one year | 42 | €30,833 | €30,833 | = | 0.0% |
| Trade debts | 44 | €71,242 | €101,737 | +€30,495 | +42.8% |
| Suppliers | 440/4 | €71,242 | €101,737 | +€30,495 | +42.8% |
| Taxes, remuneration and social security | 45 | €22,295 | €12,070 | -€10,226 | -45.9% |
| Taxes | 450/3 | €7,885 | €790 | -€7,094 | -90.0% |
| Remuneration and social security | 454/9 | €14,410 | €11,279 | -€3,131 | -21.7% |
| Other amounts payable | 47/48 | €284,156 | €170,556 | -€113,600 | -40.0% |
| Accrued charges and deferred income | 492/3 | €5,440 | €5,228 | -€212 | -3.9% |
| Remuneration, social security and pensions | 62 | €64,749 | €38,952 | -€25,797 | -39.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,864 | €58,333 | +€468 | +0.8% |
| Other operating charges | 640/8 | €4,369 | €4,641 | +€272 | +6.2% |
| Gross operating margin | 9900 | €310,637 | €312,849 | +€2,212 | +0.7% |
| Operating profit (loss) | 9901 | €183,655 | €210,923 | +€27,268 | +14.8% |
| Financial income | 75/76B | €16,627 | €7,389 | -€9,239 | -55.6% |
| Recurring financial income | 75 | €16,627 | €7,389 | -€9,239 | -55.6% |
| Financial charges | 65/66B | €38,378 | €43,068 | +€4,691 | +12.2% |
| Recurring financial charges | 65 | €38,378 | €43,068 | +€4,691 | +12.2% |
| Profit (loss) for the period before taxes | 9903 | €161,905 | €175,244 | +€13,338 | +8.2% |
| Income taxes | 67/77 | €41,061 | €39,056 | -€2,005 | -4.9% |
| Profit (loss) for the period | 9904 | €120,845 | €136,188 | +€15,343 | +12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €120,845 | €136,188 | +€15,343 | +12.7% |
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 11 October 2026 via checked.be.