Loonwerken Ivan Onghena: 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.
Loonwerken Ivan Onghena
Largest movements
- Tangible fixed assets +€218,458
up €218,458 (+190%), from €114,902 to €333,360
of which Furniture and vehicles: +€154,133
- Receivables within one year -€176,576
down €176,576 (-78.0%), from €226,329 to €49,753
of which Trade receivables: -€186,409
- Cash +€36,566
up €36,566 (+739%), from €4,950 to €41,516
mainly Receivables within one year (+€176,576) and Depreciation (+€71,336)
- Trade debts -€109,206
down €109,206 (-93.2%), from €117,174 to €7,968
- Debts after one year +€56,875
new in 2025: €56,875
- Reserves +€45,327
up €45,327 (+69.9%), from €64,860 to €110,187
- Other debts +€38,027
up €38,027 (+27.0%), from €140,701 to €178,728
- Tax, wage and social debts +€26,928
up €26,928 (+125%), from €21,620 to €48,548
of which Remuneration and social security: +€22,000
- Depreciation +€71,121
up €71,121 (+33,061%), from €215 to €71,336
- Gross operating margin +€45,505
up €45,505 (+52.5%), from €86,745 to €132,250
- Taxes -€7,245
down €7,245 (-33.5%), from €21,620 to €14,375
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 | €349,354 | €424,805 | +€75,450 | +21.6% |
| Formation expenses | 20 | €3,173 | €0 | -€3,173 | -100% |
| Fixed assets | 21/28 | €114,902 | €333,360 | +€218,458 | +190% |
| Tangible fixed assets | 22/27 | €114,902 | €333,360 | +€218,458 | +190% |
| Plant, machinery and equipment | 23 | €113,403 | €177,728 | +€64,325 | +56.7% |
| Furniture and vehicles | 24 | €1,499 | €155,632 | +€154,133 | +10,285% |
| Current assets | 29/58 | €231,279 | €91,444 | -€139,835 | -60.5% |
| Amounts receivable within one year | 40/41 | €226,329 | €49,753 | -€176,576 | -78.0% |
| Trade receivables | 40 | €226,069 | €39,660 | -€186,409 | -82.5% |
| Other amounts receivable | 41 | €260 | €10,093 | +€9,833 | +3,775% |
| Cash at bank and in hand | 54/58 | €4,950 | €41,516 | +€36,566 | +739% |
| Deferred charges and accrued income | 490/1 | - | €175 | +€175 | |
| Total equity and liabilities | 10/49 | €349,354 | €424,805 | +€75,450 | +21.6% |
| Equity | 10/15 | €69,860 | €115,187 | +€45,327 | +64.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €64,860 | €110,187 | +€45,327 | +69.9% |
| Distributable reserves | 133 | €64,860 | €110,187 | +€45,327 | +69.9% |
| Amounts payable | 17/49 | €279,495 | €309,618 | +€30,123 | +10.8% |
| Amounts payable after more than one year | 17 | - | €56,875 | +€56,875 | |
| Financial debts | 170/4 | - | €56,875 | +€56,875 | |
| Amounts payable within one year | 42/48 | €279,495 | €252,743 | -€26,752 | -9.6% |
| Current portion of amounts payable after more than one year | 42 | - | €17,500 | +€17,500 | |
| Trade debts | 44 | €117,174 | €7,968 | -€109,206 | -93.2% |
| Suppliers | 440/4 | €117,174 | €7,968 | -€109,206 | -93.2% |
| Taxes, remuneration and social security | 45 | €21,620 | €48,548 | +€26,928 | +125% |
| Taxes | 450/3 | €21,620 | €26,548 | +€4,928 | +22.8% |
| Remuneration and social security | 454/9 | - | €22,000 | +€22,000 | |
| Other amounts payable | 47/48 | €140,701 | €178,728 | +€38,027 | +27.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €215 | €71,336 | +€71,121 | +33,061% |
| Other operating charges | 640/8 | - | €1,012 | +€1,012 | |
| Gross operating margin | 9900 | €86,745 | €132,250 | +€45,505 | +52.5% |
| Operating profit (loss) | 9901 | €86,530 | €59,902 | -€26,627 | -30.8% |
| Financial income | 75/76B | - | €40 | +€40 | |
| Recurring financial income | 75 | - | €40 | +€40 | |
| Financial charges | 65/66B | €50 | €240 | +€190 | +380% |
| Recurring financial charges | 65 | €50 | €240 | +€190 | +380% |
| Profit (loss) for the period before taxes | 9903 | €86,480 | €59,702 | -€26,777 | -31.0% |
| Income taxes | 67/77 | €21,620 | €14,375 | -€7,245 | -33.5% |
| Profit (loss) for the period | 9904 | €64,860 | €45,327 | -€19,533 | -30.1% |
| Profit (loss) for the period to be appropriated | 9905 | €64,860 | €45,327 | -€19,533 | -30.1% |
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 31 October 2026 via checked.be.