LOCK-IT: 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.
LOCK-IT
Largest movements
- Cash +€127,992
up €127,992 (+74.3%), from €172,239 to €300,230
mainly Net result for the year (+€133,471) and Receivables within one year (+€42,777)
- Receivables within one year -€42,777
down €42,777 (-61.8%), from €69,205 to €26,428
of which Trade receivables: -€47,118
- Stocks and contracts +€17,100
up €17,100 (+15.3%), from €111,474 to €128,574
- Tangible fixed assets +€7,749
up €7,749 (+2.8%), from €274,194 to €281,943
of which Plant, machinery and equipment: +€18,563
- Profit (loss) carried forward +€83,471
up €83,471 (+54.1%), from €154,175 to €237,646
- Reserves +€50,000
up €50,000 (+44.5%), from €112,361 to €162,361
of which Distributable reserves: +€53,193
- Debts after one year -€46,789
down €46,789 (-19.9%), from €235,667 to €188,879
- Trade debts +€32,726
up €32,726 (+371.6%), from €8,806 to €41,533
- Advances received -€9,267
down €9,267 (-75.3%), from €12,312 to €3,045
- Gross operating margin -€82,808
down €82,808 (-28.4%), from €292,040 to €209,232
- Financial charges -€12,068
down €12,068 (-59.0%), from €20,448 to €8,380
- Depreciation -€6,147
down €6,147 (-22.2%), from €27,652 to €21,505
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €641,289 | €750,478 | +€109,189 | +17.0% |
| Fixed assets | 21/28 | €287,813 | €293,815 | +€6,001 | +2.1% |
| Intangible fixed assets | 21 | €11,869 | €10,122 | -€1,747 | -14.7% |
| Tangible fixed assets | 22/27 | €274,194 | €281,943 | +€7,749 | +2.8% |
| Land and buildings | 22 | €217,835 | €214,996 | -€2,839 | -1.3% |
| Plant, machinery and equipment | 23 | €18,467 | €37,030 | +€18,563 | +100.5% |
| Furniture and vehicles | 24 | €28,646 | €20,879 | -€7,767 | -27.1% |
| Other tangible fixed assets | 26 | €9,247 | €9,039 | -€208 | -2.3% |
| Financial fixed assets | 28 | €1,750 | €1,750 | = | 0.0% |
| Current assets | 29/58 | €353,475 | €456,663 | +€103,187 | +29.2% |
| Stocks and contracts in progress | 3 | €111,474 | €128,574 | +€17,100 | +15.3% |
| Stocks | 30/36 | €111,474 | €128,574 | +€17,100 | +15.3% |
| Amounts receivable within one year | 40/41 | €69,205 | €26,428 | -€42,777 | -61.8% |
| Trade receivables | 40 | €69,104 | €21,986 | -€47,118 | -68.2% |
| Other amounts receivable | 41 | €101 | €4,442 | +€4,341 | +4298.1% |
| Cash at bank and in hand | 54/58 | €172,239 | €300,230 | +€127,992 | +74.3% |
| Deferred charges and accrued income | 490/1 | €558 | €1,431 | +€873 | +156.5% |
| Total equity and liabilities | 10/49 | €641,289 | €750,478 | +€109,189 | +17.0% |
| Equity | 10/15 | €285,136 | €418,607 | +€133,471 | +46.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €112,361 | €162,361 | +€50,000 | +44.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €17,409 | €14,215 | -€3,193 | -18.3% |
| Distributable reserves | 133 | €94,952 | €148,145 | +€53,193 | +56.0% |
| Profit (loss) carried forward | 14 | €154,175 | €237,646 | +€83,471 | +54.1% |
| Provisions and deferred taxes | 16 | €4,335 | €3,537 | -€798 | -18.4% |
| Deferred taxes | 168 | €4,335 | €3,537 | -€798 | -18.4% |
| Amounts payable | 17/49 | €351,818 | €328,334 | -€23,484 | -6.7% |
| Amounts payable after more than one year | 17 | €235,667 | €188,879 | -€46,789 | -19.9% |
| Financial debts | 170/4 | €235,667 | €188,879 | -€46,789 | -19.9% |
| Amounts payable within one year | 42/48 | €107,722 | €134,935 | +€27,213 | +25.3% |
| Current portion of amounts payable after more than one year | 42 | €30,694 | €37,401 | +€6,707 | +21.9% |
| Trade debts | 44 | €8,806 | €41,533 | +€32,726 | +371.6% |
| Suppliers | 440/4 | €8,806 | €41,533 | +€32,726 | +371.6% |
| Advances received on contracts in progress | 46 | €12,312 | €3,045 | -€9,267 | -75.3% |
| Taxes, remuneration and social security | 45 | €23,128 | €19,216 | -€3,911 | -16.9% |
| Taxes | 450/3 | €16,535 | €17,506 | +€970 | +5.9% |
| Remuneration and social security | 454/9 | €6,592 | €1,711 | -€4,882 | -74.0% |
| Other amounts payable | 47/48 | €32,782 | €33,740 | +€958 | +2.9% |
| Accrued charges and deferred income | 492/3 | €8,429 | €4,521 | -€3,908 | -46.4% |
| Non-recurring operating income | 76A | - | €15,395 | +€15,395 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,652 | €21,505 | -€6,147 | -22.2% |
| Other operating charges | 640/8 | €5,160 | €3,647 | -€1,513 | -29.3% |
| Non-recurring operating charges | 66A | €33,556 | €0 | -€33,556 | -100.0% |
| Gross operating margin | 9900 | €292,040 | €209,232 | -€82,808 | -28.4% |
| Operating profit (loss) | 9901 | €225,673 | €184,079 | -€41,593 | -18.4% |
| Financial income | 75/76B | €1,461 | €1,864 | +€404 | +27.7% |
| Recurring financial income | 75 | €1,461 | €1,864 | +€404 | +27.7% |
| Financial charges | 65/66B | €20,448 | €8,380 | -€12,068 | -59.0% |
| Recurring financial charges | 65 | €20,448 | €8,380 | -€12,068 | -59.0% |
| Profit (loss) for the period before taxes | 9903 | €206,685 | €177,563 | -€29,122 | -14.1% |
| Transfer from deferred taxes | 780 | - | €798 | +€798 | |
| Transfer to deferred taxes | 680 | €4,335 | €0 | -€4,335 | -100.0% |
| Income taxes | 67/77 | €44,615 | €44,891 | +€276 | +0.6% |
| Profit (loss) for the period | 9904 | €157,735 | €133,471 | -€24,264 | -15.4% |
| Transfer from tax-exempt reserves | 789 | - | €3,193 | +€3,193 | |
| Transfer to tax-exempt reserves | 689 | €17,339 | €0 | -€17,339 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €140,396 | €136,664 | -€3,732 | -2.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.