LONKI: what changed
Two fiscal 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
LONKI
NACE 10.130, Manufacture of food products
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€1.0m
2023 · -€435,024-€585,074
Equity
€10.3m
2023 · €4.3m+€6.0m
Cash
€287,169
2023 · €451,357-€164,188
Balance sheet total
€14.7m
2023 · €10.3m+€4.4m
Largest movements
Assets
- Tangible fixed assets +€7.0m
up €7.0m (+719.2%), from €969,112 to €7.9m
of which Land and buildings: +€7.1m
- Receivables within one year -€1.1m
down €1.1m (-21.0%), from €5.1m to €4.0m
of which Trade receivables: -€1.1m
- Stocks and contracts -€760,483
down €760,483 (-28.5%), from €2.7m to €1.9m
- Current investments -€312,833
down €312,833 (-100.0%), from €312,833 to €0
- Cash -€164,188
down €164,188 (-36.4%), from €451,357 to €287,169
mainly Investment in fixed assets (net) (-€7.1m) and Net result for the year (-€1.0m)
Equity and liabilities
- Revaluation surpluses +€7.0m
new in 2024: €7.0m
- Profit (loss) carried forward -€1.0m
down €1.0m (-85.2%), from €1.2m to €176,660
- Other debts -€665,122
down €665,122 (-31.2%), from €2.1m to €1.5m
- Trade debts -€571,527
down €571,527 (-20.9%), from €2.7m to €2.2m
- Debts after one year -€351,450
down €351,450 (-100.0%), from €351,450 to €0
Income statement
- Goods and materials -€3.2m
down €3.2m (-10.3%), from €31.2m to €28.0m
of which Purchases: -€3.3m
- Turnover -€3.1m
down €3.1m (-8.2%), from €38.1m to €34.9m
From the 2023 result to the 2024 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 2023
-€435,024
Turnover
-€3.1m
Other operating income
-€291,047
Goods and materials
+€3.2m
Services and other goods
-€315,752
Staff costs
-€111,714
Depreciation
+€42,525
Write-downs
+€6,724
Provisions
-€163,198
Other operating charges
-€1,271
Other operating items
+€31,049
Financial income
+€50,989
Financial charges
+€73,113
Taxes
-€14
Result 2024
-€1.0m
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€95,776
Investment
-€6.8m
Financing
+€6.7m
Cash 2023
€451,357
From operations (derived)
-€95,776
Net result for the year
-€1.0m
Depreciation
+€314,615
Stocks and contracts
+€760,483
Receivables within one year
+€1.1m
Deferred charges and accrued income
+€94,820
Smaller working-capital items
-€24,164
Trade debts
-€571,527
Tax, wage and social debts
-€56,411
Other debts
-€665,122
Investment (derived)
-€6.8m
Investment in fixed assets (net)
-€7.1m
Current investments
+€312,833
Financing
+€6.7m
Debts after one year
-€351,450
Current portion of long-term debt
+€74,126
Contributions, distributions and other
+€7.0m
Cash 2024
€287,169
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,254,809 | €14,659,490 | +€4.4m | +43.0% |
| Fixed assets | 21/28 | €1,619,898 | €8,428,531 | +€6.8m | +420.3% |
| Intangible fixed assets | 21 | €650,637 | €489,304 | -€161,333 | -24.8% |
| Tangible fixed assets | 22/27 | €969,112 | €7,939,078 | +€7.0m | +719.2% |
| Land and buildings | 22 | €549,064 | €7,616,034 | +€7.1m | +1287.1% |
| Plant, machinery and equipment | 23 | €288,252 | €232,661 | -€55,591 | -19.3% |
| Furniture and vehicles | 24 | €131,795 | €90,383 | -€41,412 | -31.4% |
| Financial fixed assets | 28 | €149 | €149 | = | 0.0% |
| Other financial fixed assets | 284/8 | €149 | €149 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €149 | €149 | = | 0.0% |
| Current assets | 29/58 | €8,634,911 | €6,230,960 | -€2.4m | -27.8% |
| Stocks and contracts in progress | 3 | €2,667,391 | €1,906,908 | -€760,483 | -28.5% |
| Stocks | 30/36 | €2,667,391 | €1,906,908 | -€760,483 | -28.5% |
| Raw materials and consumables | 30/31 | €292,576 | €252,952 | -€39,624 | -13.5% |
| Goods purchased for resale | 34 | €2,374,815 | €1,653,956 | -€720,859 | -30.4% |
| Amounts receivable within one year | 40/41 | €5,104,139 | €4,032,512 | -€1.1m | -21.0% |
| Trade receivables | 40 | €4,998,259 | €3,925,934 | -€1.1m | -21.5% |
| Other amounts receivable | 41 | €105,880 | €106,578 | +€698 | +0.7% |
| Current investments | 50/53 | €312,833 | €0 | -€312,833 | -100.0% |
| Other investments | 51/53 | €312,833 | €0 | -€312,833 | -100.0% |
| Cash at bank and in hand | 54/58 | €451,357 | €287,169 | -€164,188 | -36.4% |
| Deferred charges and accrued income | 490/1 | €99,191 | €4,371 | -€94,820 | -95.6% |
| Total equity and liabilities | 10/49 | €10,254,809 | €14,659,490 | +€4.4m | +43.0% |
| Equity | 10/15 | €4,267,696 | €10,266,924 | +€6.0m | +140.6% |
| Contributions | 10/11 | €72,000 | €72,000 | = | 0.0% |
| Capital | 10 | €72,000 | €72,000 | = | 0.0% |
| Issued capital | 100 | €72,000 | €72,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €7,019,327 | +€7.0m | |
| Reserves | 13 | €2,998,937 | €2,998,937 | = | 0.0% |
| Non-distributable reserves | 130/1 | €42,200 | €42,200 | = | 0.0% |
| Legal reserve | 130 | €42,200 | €42,200 | = | 0.0% |
| Distributable reserves | 133 | €2,956,737 | €2,956,737 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,196,759 | €176,660 | -€1.0m | -85.2% |
| Provisions and deferred taxes | 16 | €16,937 | €0 | -€16,937 | -100.0% |
| Provisions for liabilities and charges | 160/5 | €16,937 | €0 | -€16,937 | -100.0% |
| Major repairs and maintenance | 162 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €16,937 | €0 | -€16,937 | -100.0% |
| Amounts payable | 17/49 | €5,970,176 | €4,392,566 | -€1.6m | -26.4% |
| Amounts payable after more than one year | 17 | €351,450 | €0 | -€351,450 | -100.0% |
| Financial debts | 170/4 | €351,450 | €0 | -€351,450 | -100.0% |
| Credit institutions | 173 | €351,450 | €0 | -€351,450 | -100.0% |
| Amounts payable within one year | 42/48 | €5,611,499 | €4,392,566 | -€1.2m | -21.7% |
| Current portion of amounts payable after more than one year | 42 | €159,726 | €233,851 | +€74,126 | +46.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €2,737,623 | €2,166,096 | -€571,527 | -20.9% |
| Suppliers | 440/4 | €2,737,623 | €2,166,096 | -€571,527 | -20.9% |
| Taxes, remuneration and social security | 45 | €584,114 | €527,703 | -€56,411 | -9.7% |
| Taxes | 450/3 | €129,798 | €79,901 | -€49,898 | -38.4% |
| Remuneration and social security | 454/9 | €454,316 | €447,803 | -€6,513 | -1.4% |
| Other amounts payable | 47/48 | €2,130,037 | €1,464,916 | -€665,122 | -31.2% |
| Accrued charges and deferred income | 492/3 | €7,227 | €0 | -€7,227 | -100.0% |
| Operating income | 70/76A | €38,642,559 | €35,140,770 | -€3.5m | -9.1% |
| Turnover | 70 | €38,058,224 | €34,945,924 | -€3.1m | -8.2% |
| Other operating income | 74 | €476,388 | €185,342 | -€291,047 | -61.1% |
| Non-recurring operating income | 76A | €107,947 | €9,504 | -€98,443 | -91.2% |
| Operating charges | 60/66A | €39,026,680 | €36,234,051 | -€2.8m | -7.2% |
| Goods for resale, raw materials and consumables | 60 | €31,211,498 | €28,005,676 | -€3.2m | -10.3% |
| Purchases | 600/8 | €30,589,114 | €27,245,193 | -€3.3m | -10.9% |
| Change in stocks: decrease (increase) | 609 | €622,384 | €760,483 | +€138,099 | +22.2% |
| Services and other goods | 61 | €4,103,492 | €4,419,244 | +€315,752 | +7.7% |
| Remuneration, social security and pensions | 62 | €3,320,778 | €3,432,492 | +€111,714 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €357,140 | €314,615 | -€42,525 | -11.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,724 | €0 | -€6,724 | -100.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€180,135 | -€16,937 | +€163,198 | +90.6% |
| Other operating charges | 640/8 | €60,754 | €62,025 | +€1,271 | +2.1% |
| Non-recurring operating charges | 66A | €146,429 | €16,937 | -€129,492 | -88.4% |
| Operating profit (loss) | 9901 | -€384,121 | -€1,093,282 | -€709,161 | -184.6% |
| Financial income | 75/76B | €56,548 | €107,537 | +€50,989 | +90.2% |
| Recurring financial income | 75 | €44,557 | €33,507 | -€11,050 | -24.8% |
| Income from financial fixed assets | 750 | €397 | €203 | -€194 | -48.8% |
| Income from current assets | 751 | €0 | - | = | |
| Other financial income | 752/9 | €44,160 | €33,304 | -€10,856 | -24.6% |
| Non-recurring financial income | 76B | €11,991 | €74,030 | +€62,038 | +517.4% |
| Financial charges | 65/66B | €106,530 | €33,417 | -€73,113 | -68.6% |
| Recurring financial charges | 65 | €106,530 | €33,417 | -€73,113 | -68.6% |
| Debt charges | 650 | €109,782 | €16,943 | -€92,838 | -84.6% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€16,402 | €0 | +€16,402 | |
| Other financial charges | 652/9 | €13,150 | €16,473 | +€3,323 | +25.3% |
| Profit (loss) for the period before taxes | 9903 | -€434,102 | -€1,019,162 | -€585,060 | -134.8% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €922 | €936 | +€14 | +1.6% |
| Taxes | 670/3 | €922 | €936 | +€14 | +1.6% |
| Profit (loss) for the period | 9904 | -€435,024 | -€1,020,098 | -€585,074 | -134.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€435,024 | -€1,020,098 | -€585,074 | -134.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.