De Locht: 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.
De Locht
Largest movements
- Cash +€157,122
up €157,122 (+63.5%), from €247,369 to €404,491
mainly Other debts (+€337,221) and Net result for the year (+€171,890)
- Current investments -€114,740
down €114,740 (-31.6%), from €363,061 to €248,321
- Receivables within one year +€108,807
up €108,807 (+115%), from €94,377 to €203,184
of which Trade receivables: +€112,665
- Tangible fixed assets -€20,169
down €20,169 (-29.0%), from €69,515 to €49,346
of which Furniture and vehicles: -€19,648
- Deferred charges and accrued income -€9,084
down €9,084 (-99.0%), from €9,179 to €95
- Other debts +€337,221
up €337,221 (+5,896%), from €5,719 to €342,940
- Profit (loss) carried forward -€228,110
down €228,110 (-85.5%), from €266,800 to €38,690
- Financial income -€42,087
down €42,087 (-88.8%), from €47,387 to €5,300
- Gross operating margin +€33,235
up €33,235 (+9.2%), from €360,960 to €394,194
- Staff costs -€32,723
down €32,723 (-17.8%), from €183,461 to €150,739
- Taxes +€17,861
up €17,861 (+52.2%), from €34,219 to €52,079
- Other operating charges -€4,834
down €4,834 (-71.2%), from €6,789 to €1,955
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 | €783,501 | €905,438 | +€121,937 | +15.6% |
| Fixed assets | 21/28 | €69,515 | €49,346 | -€20,169 | -29.0% |
| Tangible fixed assets | 22/27 | €69,515 | €49,346 | -€20,169 | -29.0% |
| Plant, machinery and equipment | 23 | €521 | - | -€521 | |
| Furniture and vehicles | 24 | €68,994 | €49,346 | -€19,648 | -28.5% |
| Current assets | 29/58 | €713,986 | €856,092 | +€142,106 | +19.9% |
| Amounts receivable within one year | 40/41 | €94,377 | €203,184 | +€108,807 | +115% |
| Trade receivables | 40 | €75,681 | €188,346 | +€112,665 | +149% |
| Other amounts receivable | 41 | €18,696 | €14,839 | -€3,858 | -20.6% |
| Current investments | 50/53 | €363,061 | €248,321 | -€114,740 | -31.6% |
| Cash at bank and in hand | 54/58 | €247,369 | €404,491 | +€157,122 | +63.5% |
| Deferred charges and accrued income | 490/1 | €9,179 | €95 | -€9,084 | -99.0% |
| Total equity and liabilities | 10/49 | €783,501 | €905,438 | +€121,937 | +15.6% |
| Equity | 10/15 | €744,068 | €515,958 | -€228,110 | -30.7% |
| Reserves | 13 | €477,268 | €477,268 | = | 0.0% |
| Distributable reserves | 133 | €477,268 | €477,268 | = | 0.0% |
| Profit (loss) carried forward | 14 | €266,800 | €38,690 | -€228,110 | -85.5% |
| Amounts payable | 17/49 | €39,433 | €389,480 | +€350,048 | +888% |
| Amounts payable after more than one year | 17 | €1,274 | - | -€1,274 | |
| Financial debts | 170/4 | €1,274 | - | -€1,274 | |
| Amounts payable within one year | 42/48 | €38,159 | €389,480 | +€351,321 | +921% |
| Current portion of amounts payable after more than one year | 42 | €5,055 | €1,274 | -€3,782 | -74.8% |
| Financial debts | 43 | €2,142 | €2,972 | +€829 | +38.7% |
| Credit institutions | 430/8 | €2,142 | €2,972 | +€829 | +38.7% |
| Trade debts | 44 | €16,638 | €25,347 | +€8,709 | +52.3% |
| Suppliers | 440/4 | €16,638 | €25,347 | +€8,709 | +52.3% |
| Taxes, remuneration and social security | 45 | €8,604 | €16,948 | +€8,344 | +97.0% |
| Taxes | 450/3 | €982 | €1,691 | +€710 | +72.3% |
| Remuneration and social security | 454/9 | €7,622 | €15,257 | +€7,634 | +100% |
| Other amounts payable | 47/48 | €5,719 | €342,940 | +€337,221 | +5,896% |
| Remuneration, social security and pensions | 62 | €183,461 | €150,739 | -€32,723 | -17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,635 | €21,573 | -€62 | -0.3% |
| Other operating charges | 640/8 | €6,789 | €1,955 | -€4,834 | -71.2% |
| Gross operating margin | 9900 | €360,960 | €394,194 | +€33,235 | +9.2% |
| Operating profit (loss) | 9901 | €149,074 | €219,928 | +€70,854 | +47.5% |
| Financial income | 75/76B | €47,387 | €5,300 | -€42,087 | -88.8% |
| Recurring financial income | 75 | €47,387 | €5,300 | -€42,087 | -88.8% |
| Financial charges | 65/66B | €1,139 | €1,259 | +€120 | +10.5% |
| Recurring financial charges | 65 | €1,139 | €1,259 | +€120 | +10.5% |
| Profit (loss) for the period before taxes | 9903 | €195,322 | €223,969 | +€28,647 | +14.7% |
| Income taxes | 67/77 | €34,219 | €52,079 | +€17,861 | +52.2% |
| Profit (loss) for the period | 9904 | €161,104 | €171,890 | +€10,786 | +6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €161,104 | €171,890 | +€10,786 | +6.7% |
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 24 October 2026 via checked.be.