MARIO LONCIN: 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.
MARIO LONCIN
Largest movements
- Receivables after one year +€85,000
new in 2025: €85,000
- Cash -€53,598
down €53,598 (-62.5%), from €85,779 to €32,181
mainly Receivables after one year (-€85,000) and Investment in fixed assets (net) (-€21,194)
- Tangible fixed assets +€5,490
up €5,490 (+10.5%), from €52,309 to €57,799
of which Other tangible fixed assets: +€18,819
- Deferred charges and accrued income -€2,746
no longer reported in 2025 (was €2,746)
- Profit (loss) carried forward +€60,691
up €60,691 (+72.6%), from €83,652 to €144,344
- Debts after one year -€10,458
down €10,458 (-33.8%), from €30,940 to €20,482
- Tax, wage and social debts -€9,002
down €9,002 (-25.0%), from €35,968 to €26,966
- Other debts -€2,934
down €2,934 (-70.5%), from €4,162 to €1,228
- Accrued charges and deferred income -€2,240
no longer reported in 2025 (was €2,240)
- Gross operating margin -€32,171
down €32,171 (-25.6%), from €125,793 to €93,622
- Taxes -€6,166
down €6,166 (-27.9%), from €22,073 to €15,907
- Financial income +€1,274
up €1,274 (+127400.0%), from €1 to €1,275
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 | €174,319 | €209,268 | +€34,949 | +20.0% |
| Fixed assets | 21/28 | €52,309 | €57,799 | +€5,490 | +10.5% |
| Tangible fixed assets | 22/27 | €52,309 | €57,799 | +€5,490 | +10.5% |
| Furniture and vehicles | 24 | €52,309 | €38,980 | -€13,330 | -25.5% |
| Other tangible fixed assets | 26 | - | €18,819 | +€18,819 | |
| Current assets | 29/58 | €122,009 | €151,468 | +€29,459 | +24.1% |
| Amounts receivable after more than one year | 29 | - | €85,000 | +€85,000 | |
| Other amounts receivable | 291 | - | €85,000 | +€85,000 | |
| Amounts receivable within one year | 40/41 | €33,484 | €34,287 | +€803 | +2.4% |
| Trade receivables | 40 | €33,484 | €34,287 | +€803 | +2.4% |
| Cash at bank and in hand | 54/58 | €85,779 | €32,181 | -€53,598 | -62.5% |
| Deferred charges and accrued income | 490/1 | €2,746 | - | -€2,746 | |
| Total equity and liabilities | 10/49 | €174,319 | €209,268 | +€34,949 | +20.0% |
| Equity | 10/15 | €88,652 | €149,344 | +€60,691 | +68.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,652 | €144,344 | +€60,691 | +72.6% |
| Amounts payable | 17/49 | €85,666 | €59,924 | -€25,742 | -30.0% |
| Amounts payable after more than one year | 17 | €30,940 | €20,482 | -€10,458 | -33.8% |
| Financial debts | 170/4 | €30,940 | €20,482 | -€10,458 | -33.8% |
| Amounts payable within one year | 42/48 | €52,486 | €39,442 | -€13,044 | -24.9% |
| Current portion of amounts payable after more than one year | 42 | €9,984 | €10,458 | +€475 | +4.8% |
| Trade debts | 44 | €2,372 | €790 | -€1,583 | -66.7% |
| Suppliers | 440/4 | €2,372 | €790 | -€1,583 | -66.7% |
| Taxes, remuneration and social security | 45 | €35,968 | €26,966 | -€9,002 | -25.0% |
| Taxes | 450/3 | €35,968 | €26,966 | -€9,002 | -25.0% |
| Other amounts payable | 47/48 | €4,162 | €1,228 | -€2,934 | -70.5% |
| Accrued charges and deferred income | 492/3 | €2,240 | - | -€2,240 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,442 | €15,704 | -€738 | -4.5% |
| Other operating charges | 640/8 | €883 | €658 | -€224 | -25.4% |
| Gross operating margin | 9900 | €125,793 | €93,622 | -€32,171 | -25.6% |
| Operating profit (loss) | 9901 | €108,468 | €77,260 | -€31,208 | -28.8% |
| Financial income | 75/76B | €1 | €1,275 | +€1,274 | +127400.0% |
| Recurring financial income | 75 | €1 | €1,275 | +€1,274 | +127400.0% |
| Financial charges | 65/66B | €2,744 | €1,937 | -€807 | -29.4% |
| Recurring financial charges | 65 | €2,744 | €1,937 | -€807 | -29.4% |
| Profit (loss) for the period before taxes | 9903 | €105,725 | €76,598 | -€29,127 | -27.6% |
| Income taxes | 67/77 | €22,073 | €15,907 | -€6,166 | -27.9% |
| Profit (loss) for the period | 9904 | €83,652 | €60,691 | -€22,961 | -27.4% |
| Profit (loss) for the period to be appropriated | 9905 | €83,652 | €60,691 | -€22,961 | -27.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.