LOCK CONTROL: 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.
LOCK CONTROL
Largest movements
- Receivables within one year -€108,516
down €108,516 (-64.1%), from €169,265 to €60,749
of which Trade receivables: -€106,261
- Cash +€71,548
up €71,548 (+465%), from €15,401 to €86,949
mainly Net result for the year (+€134,424) and Receivables within one year (+€108,516)
- Tangible fixed assets -€40,213
down €40,213 (-18.1%), from €221,906 to €181,692
of which Furniture and vehicles: -€23,629
- Stocks and contracts -€13,132
down €13,132 (-3.5%), from €373,613 to €360,482
- Profit (loss) carried forward +€134,424
up €134,424 (+77.0%), from €174,563 to €308,987
- Short-term financial debts -€125,000
down €125,000 (-62.5%), from €200,000 to €75,000
- Trade debts -€51,448
down €51,448 (-37.2%), from €138,391 to €86,942
- Tax, wage and social debts -€17,634
down €17,634 (-21.8%), from €80,937 to €63,303
of which Taxes: -€20,559
- Current portion of long-term debt -€17,106
down €17,106 (-50.3%), from €34,020 to €16,915
- Gross operating margin +€100,252
up €100,252 (+25.3%), from €396,278 to €496,530
- Staff costs -€27,493
down €27,493 (-12.1%), from €226,717 to €199,223
- Taxes +€26,650
up €26,650 (+113%), from €23,548 to €50,198
- Depreciation -€9,973
down €9,973 (-24.9%), from €40,012 to €30,039
- Financial charges -€8,282
down €8,282 (-20.3%), from €40,787 to €32,505
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 | €790,589 | €697,312 | -€93,277 | -11.8% |
| Fixed assets | 21/28 | €221,906 | €181,692 | -€40,213 | -18.1% |
| Tangible fixed assets | 22/27 | €221,906 | €181,692 | -€40,213 | -18.1% |
| Land and buildings | 22 | €163,376 | €150,851 | -€12,525 | -7.7% |
| Plant, machinery and equipment | 23 | €12,448 | €8,389 | -€4,059 | -32.6% |
| Furniture and vehicles | 24 | €46,082 | €22,453 | -€23,629 | -51.3% |
| Current assets | 29/58 | €568,683 | €515,620 | -€53,063 | -9.3% |
| Stocks and contracts in progress | 3 | €373,613 | €360,482 | -€13,132 | -3.5% |
| Stocks | 30/36 | €373,613 | €360,482 | -€13,132 | -3.5% |
| Amounts receivable within one year | 40/41 | €169,265 | €60,749 | -€108,516 | -64.1% |
| Trade receivables | 40 | €167,010 | €60,749 | -€106,261 | -63.6% |
| Other amounts receivable | 41 | €2,255 | €0 | -€2,255 | -100% |
| Cash at bank and in hand | 54/58 | €15,401 | €86,949 | +€71,548 | +465% |
| Deferred charges and accrued income | 490/1 | €10,404 | €7,440 | -€2,964 | -28.5% |
| Total equity and liabilities | 10/49 | €790,589 | €697,312 | -€93,277 | -11.8% |
| Equity | 10/15 | €235,074 | €369,497 | +€134,424 | +57.2% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €511 | €511 | = | 0.0% |
| Non-distributable reserves | 130/1 | €511 | €511 | = | 0.0% |
| Reserves not available under the articles | 1311 | €511 | €511 | = | 0.0% |
| Profit (loss) carried forward | 14 | €174,563 | €308,987 | +€134,424 | +77.0% |
| Amounts payable | 17/49 | €555,515 | €327,815 | -€227,700 | -41.0% |
| Amounts payable after more than one year | 17 | €101,937 | €85,023 | -€16,915 | -16.6% |
| Financial debts | 170/4 | €101,937 | €85,023 | -€16,915 | -16.6% |
| Amounts payable within one year | 42/48 | €453,490 | €242,792 | -€210,698 | -46.5% |
| Current portion of amounts payable after more than one year | 42 | €34,020 | €16,915 | -€17,106 | -50.3% |
| Financial debts | 43 | €200,000 | €75,000 | -€125,000 | -62.5% |
| Credit institutions | 430/8 | €200,000 | €75,000 | -€125,000 | -62.5% |
| Trade debts | 44 | €138,391 | €86,942 | -€51,448 | -37.2% |
| Suppliers | 440/4 | €138,391 | €86,942 | -€51,448 | -37.2% |
| Taxes, remuneration and social security | 45 | €80,937 | €63,303 | -€17,634 | -21.8% |
| Taxes | 450/3 | €62,907 | €42,348 | -€20,559 | -32.7% |
| Remuneration and social security | 454/9 | €18,030 | €20,955 | +€2,925 | +16.2% |
| Other amounts payable | 47/48 | €142 | €632 | +€490 | +346% |
| Accrued charges and deferred income | 492/3 | €88 | €0 | -€88 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €226,717 | €199,223 | -€27,493 | -12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,012 | €30,039 | -€9,973 | -24.9% |
| Other operating charges | 640/8 | €4,933 | €10,952 | +€6,019 | +122% |
| Non-recurring operating charges | 66A | €6,859 | €43,058 | +€36,199 | +528% |
| Gross operating margin | 9900 | €396,278 | €496,530 | +€100,252 | +25.3% |
| Operating profit (loss) | 9901 | €117,758 | €213,258 | +€95,499 | +81.1% |
| Financial income | 75/76B | €292 | €3,869 | +€3,577 | +1,225% |
| Recurring financial income | 75 | €292 | €3,869 | +€3,577 | +1,225% |
| Financial charges | 65/66B | €40,787 | €32,505 | -€8,282 | -20.3% |
| Recurring financial charges | 65 | €40,787 | €32,505 | -€8,282 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €77,263 | €184,622 | +€107,358 | +139% |
| Income taxes | 67/77 | €23,548 | €50,198 | +€26,650 | +113% |
| Profit (loss) for the period | 9904 | €53,715 | €134,424 | +€80,708 | +150% |
| Profit (loss) for the period to be appropriated | 9905 | €53,715 | €134,424 | +€80,708 | +150% |
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 18 October 2026 via checked.be.