MIGNON Philippe SRL: what changed
What changed
MIGNON Philippe SRL
NACE 02.200, Logging
filed annual accounts (NBB)
Net result for the year
€12,206
2024 · €49,979-€37,773
Equity
€591,042
2024 · €558,285+€32,757
Cash
€99,919
2024 · €251,649-€151,730
Balance sheet total
€1.7m
2024 · €2.0m-€326,000
Largest movements
Assets
- Tangible fixed assets -€181,798
down €181,798 (-13.9%), from €1.3m to €1.1m
of which Leasing and similar rights: -€216,917
- Cash -€151,730
down €151,730 (-60.3%), from €251,649 to €99,919
mainly Debts after one year (-€168,483) and Investment in fixed assets (net) (-€167,114)
Equity and liabilities
- Debts after one year -€168,483
down €168,483 (-20.8%), from €811,550 to €643,067
- Accrued charges and deferred income -€102,107
down €102,107 (-95.0%), from €107,533 to €5,426
- Trade debts -€57,898
down €57,898 (-40.6%), from €142,513 to €84,615
- Short-term financial debts -€55,032
down €55,032 (-41.9%), from €131,258 to €76,226
of which Credit institutions: -€55,000
- Investment grants +€20,552
up €20,552 (+975%), from €2,108 to €22,659
Income statement
- Depreciation +€39,050
up €39,050 (+12.6%), from €309,727 to €348,777
- Financial income +€27,249
up €27,249 (+1,536%), from €1,774 to €29,023
- Staff costs +€20,345
up €20,345 (+7.6%), from €266,843 to €287,188
- Gross operating margin -€11,237
down €11,237 (-1.7%), from €662,187 to €650,950
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€49,979
Gross operating margin
-€11,237
Staff costs
-€20,345
Depreciation
-€39,050
Other operating charges
+€3,385
Financial income
+€27,249
Financial charges
+€1,765
Taxes
+€460
Result 2025
€12,206
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€209,173
Investment
-€167,114
Financing
-€193,789
Cash 2024
€251,649
From operations (derived)
+€209,173
Net result for the year
+€12,206
Depreciation
+€348,777
Stocks and contracts
+€5,000
Receivables within one year
-€9,799
Deferred charges and accrued income
-€2,594
Trade debts
-€57,898
Tax, wage and social debts
+€14,305
Advances received
+€1,442
Other debts
-€159
Accrued charges and deferred income
-€102,107
Investment (derived)
-€167,114
Investment in fixed assets (net)
-€167,114
Financing
-€193,789
Debts after one year
-€168,483
Current portion of long-term debt
+€9,175
Short-term financial debts
-€55,032
Contributions, distributions and other
+€20,552
Cash 2025
€99,919
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,044,826 | €1,718,827 | -€326,000 | -15.9% |
| Fixed assets | 21/28 | €1,308,666 | €1,127,004 | -€181,663 | -13.9% |
| Tangible fixed assets | 22/27 | €1,308,566 | €1,126,769 | -€181,798 | -13.9% |
| Land and buildings | 22 | €66,654 | €60,695 | -€5,959 | -8.9% |
| Plant, machinery and equipment | 23 | €54,492 | €47,697 | -€6,795 | -12.5% |
| Furniture and vehicles | 24 | €19,197 | €71,928 | +€52,731 | +275% |
| Leasing and similar rights | 25 | €1,156,471 | €939,554 | -€216,917 | -18.8% |
| Other tangible fixed assets | 26 | €11,752 | €6,895 | -€4,857 | -41.3% |
| Financial fixed assets | 28 | €100 | €235 | +€135 | +135% |
| Current assets | 29/58 | €736,160 | €591,823 | -€144,337 | -19.6% |
| Stocks and contracts in progress | 3 | €114,200 | €109,200 | -€5,000 | -4.4% |
| Stocks | 30/36 | €114,200 | €109,200 | -€5,000 | -4.4% |
| Amounts receivable within one year | 40/41 | €355,055 | €364,854 | +€9,799 | +2.8% |
| Trade receivables | 40 | €279,393 | €317,957 | +€38,564 | +13.8% |
| Other amounts receivable | 41 | €75,662 | €46,897 | -€28,766 | -38.0% |
| Cash at bank and in hand | 54/58 | €251,649 | €99,919 | -€151,730 | -60.3% |
| Deferred charges and accrued income | 490/1 | €15,256 | €17,850 | +€2,594 | +17.0% |
| Total equity and liabilities | 10/49 | €2,044,826 | €1,718,827 | -€326,000 | -15.9% |
| Equity | 10/15 | €558,285 | €591,042 | +€32,757 | +5.9% |
| Reserves | 13 | €556,177 | €568,382 | +€12,206 | +2.2% |
| Distributable reserves | 133 | €556,177 | €568,382 | +€12,206 | +2.2% |
| Investment grants | 15 | €2,108 | €22,659 | +€20,552 | +975% |
| Amounts payable | 17/49 | €1,486,541 | €1,127,785 | -€358,757 | -24.1% |
| Amounts payable after more than one year | 17 | €811,550 | €643,067 | -€168,483 | -20.8% |
| Financial debts | 170/4 | €811,550 | €643,067 | -€168,483 | -20.8% |
| Amounts payable within one year | 42/48 | €567,459 | €479,292 | -€88,167 | -15.5% |
| Current portion of amounts payable after more than one year | 42 | €284,384 | €293,558 | +€9,175 | +3.2% |
| Financial debts | 43 | €131,258 | €76,226 | -€55,032 | -41.9% |
| Credit institutions | 430/8 | €125,000 | €70,000 | -€55,000 | -44.0% |
| Other loans | 439 | €6,258 | €6,226 | -€32 | -0.5% |
| Trade debts | 44 | €142,513 | €84,615 | -€57,898 | -40.6% |
| Suppliers | 440/4 | €142,513 | €84,615 | -€57,898 | -40.6% |
| Advances received on contracts in progress | 46 | - | €1,442 | +€1,442 | |
| Taxes, remuneration and social security | 45 | €9,146 | €23,451 | +€14,305 | +156% |
| Remuneration and social security | 454/9 | €9,146 | €23,451 | +€14,305 | +156% |
| Other amounts payable | 47/48 | €159 | - | -€159 | |
| Accrued charges and deferred income | 492/3 | €107,533 | €5,426 | -€102,107 | -95.0% |
| Remuneration, social security and pensions | 62 | €266,843 | €287,188 | +€20,345 | +7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €309,727 | €348,777 | +€39,050 | +12.6% |
| Other operating charges | 640/8 | €27,395 | €24,010 | -€3,385 | -12.4% |
| Gross operating margin | 9900 | €662,187 | €650,950 | -€11,237 | -1.7% |
| Operating profit (loss) | 9901 | €58,222 | -€9,025 | -€67,247 | |
| Financial income | 75/76B | €1,774 | €29,023 | +€27,249 | +1,536% |
| Recurring financial income | 75 | €1,774 | €29,023 | +€27,249 | +1,536% |
| Financial charges | 65/66B | €7,547 | €5,782 | -€1,765 | -23.4% |
| Recurring financial charges | 65 | €7,547 | €5,782 | -€1,765 | -23.4% |
| Profit (loss) for the period before taxes | 9903 | €52,449 | €14,217 | -€38,233 | -72.9% |
| Income taxes | 67/77 | €2,471 | €2,011 | -€460 | -18.6% |
| Profit (loss) for the period | 9904 | €49,979 | €12,206 | -€37,773 | -75.6% |
| Profit (loss) for the period to be appropriated | 9905 | €49,979 | €12,206 | -€37,773 | -75.6% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.