LOACK: 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.
LOACK
Largest movements
- Current investments +€125,000
new in 2025: €125,000
- Cash -€52,976
down €52,976 (-33.7%), from €157,089 to €104,113
mainly Current investments (-€125,000) and Tax, wage and social debts (-€18,985)
- Receivables within one year -€13,351
down €13,351 (-98.8%), from €13,508 to €157
of which Trade receivables: -€13,508
- Reserves +€59,971
up €59,971 (+47.6%), from €125,985 to €185,956
- Trade debts +€19,775
up €19,775 (+1316.6%), from €1,502 to €21,277
- Tax, wage and social debts -€18,985
down €18,985 (-47.0%), from €40,360 to €21,375
- Gross operating margin -€24,131
down €24,131 (-23.7%), from €101,728 to €77,597
- Taxes -€3,293
down €3,293 (-16.3%), from €20,241 to €16,948
- Financial income +€1,172
new in 2025: €1,172
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 | €173,847 | €234,608 | +€60,761 | +35.0% |
| Fixed assets | 21/28 | €2,837 | €4,370 | +€1,533 | +54.0% |
| Tangible fixed assets | 22/27 | €2,837 | €4,370 | +€1,533 | +54.0% |
| Furniture and vehicles | 24 | €2,837 | €1,999 | -€838 | -29.5% |
| Other tangible fixed assets | 26 | - | €2,371 | +€2,371 | |
| Current assets | 29/58 | €171,010 | €230,238 | +€59,228 | +34.6% |
| Amounts receivable within one year | 40/41 | €13,508 | €157 | -€13,351 | -98.8% |
| Trade receivables | 40 | €13,508 | - | -€13,508 | |
| Other amounts receivable | 41 | - | €157 | +€157 | |
| Current investments | 50/53 | - | €125,000 | +€125,000 | |
| Cash at bank and in hand | 54/58 | €157,089 | €104,113 | -€52,976 | -33.7% |
| Deferred charges and accrued income | 490/1 | €413 | €968 | +€555 | +134.4% |
| Total equity and liabilities | 10/49 | €173,847 | €234,608 | +€60,761 | +35.0% |
| Equity | 10/15 | €131,985 | €191,956 | +€59,971 | +45.4% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €125,985 | €185,956 | +€59,971 | +47.6% |
| Distributable reserves | 133 | €125,985 | €185,956 | +€59,971 | +47.6% |
| Amounts payable | 17/49 | €41,862 | €42,652 | +€790 | +1.9% |
| Amounts payable within one year | 42/48 | €41,862 | €42,652 | +€790 | +1.9% |
| Trade debts | 44 | €1,502 | €21,277 | +€19,775 | +1316.6% |
| Suppliers | 440/4 | €1,502 | €21,277 | +€19,775 | +1316.6% |
| Taxes, remuneration and social security | 45 | €40,360 | €21,375 | -€18,985 | -47.0% |
| Taxes | 450/3 | €40,360 | €21,375 | -€18,985 | -47.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €839 | €916 | +€77 | +9.2% |
| Gross operating margin | 9900 | €101,728 | €77,597 | -€24,131 | -23.7% |
| Operating profit (loss) | 9901 | €100,889 | €76,681 | -€24,208 | -24.0% |
| Financial income | 75/76B | - | €1,172 | +€1,172 | |
| Recurring financial income | 75 | - | €1,172 | +€1,172 | |
| Financial charges | 65/66B | €1,752 | €934 | -€818 | -46.7% |
| Recurring financial charges | 65 | €1,752 | €934 | -€818 | -46.7% |
| Profit (loss) for the period before taxes | 9903 | €99,137 | €76,919 | -€22,218 | -22.4% |
| Income taxes | 67/77 | €20,241 | €16,948 | -€3,293 | -16.3% |
| Profit (loss) for the period | 9904 | €78,896 | €59,971 | -€18,925 | -24.0% |
| Profit (loss) for the period to be appropriated | 9905 | €78,896 | €59,971 | -€18,925 | -24.0% |
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 6 October 2026 via checked.be.