LOCK'O: 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.
What changed
LOCK'O
NACE 52.100, Warehousing and storage
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€8.6m
2024 · -€3.1m+€11.6m
Equity
€11.6m
2024 · €3.2m+€8.5m
Cash
€1.4m
2024 · €2.7m-€1.3m
Balance sheet total
€95.3m
2024 · €102.6m-€7.3m
Largest movements
Assets
- Financial fixed assets -€4.9m
down €4.9m (-100.0%), from €4.9m to €135
of which Affiliated companies: -€4.9m
- Tangible fixed assets -€4.7m
down €4.7m (-8.0%), from €59.5m to €54.7m
of which Land and buildings: -€4.5m
- Receivables within one year +€3.6m
up €3.6m (+10.7%), from €33.5m to €37.1m
of which Other amounts receivable: +€3.5m
- Cash -€1.3m
down €1.3m (-46.8%), from €2.7m to €1.4m
mainly Other debts (-€9.3m) and Current portion of long-term debt (-€3.7m)
Equity and liabilities
- Other debts -€9.3m
down €9.3m (-77.9%), from €11.9m to €2.6m
- Profit (loss) carried forward +€6.7m
up €6.7m (+62.1%), from -€10.8m to -€4.1m
- Current portion of long-term debt -€3.7m
down €3.7m (-48.6%), from €7.7m to €4.0m
- Debts after one year -€2.2m
down €2.2m (-2.9%), from €74.9m to €72.7m
of which Financial debts: -€2.1m
- Reserves +€1.8m
up €1.8m (+47.6%), from €3.9m to €5.7m
of which Tax-exempt reserves: +€1.8m
Income statement
- Turnover +€478,490
up €478,490 (+4.5%), from €10.6m to €11.0m
- Financial charges -€332,462
down €332,462 (-9.4%), from €3.5m to €3.2m
of which Financial charges: -€284,802
- Services and other goods +€331,110
up €331,110 (+7.9%), from €4.2m to €4.5m
- Financial income -€229,146
down €229,146 (-13.3%), from €1.7m to €1.5m
- Staff costs +€172,101
up €172,101 (+9.2%), from €1.9m to €2.0m
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.
Result 2024
-€3.1m
Turnover
+€478,490
Other operating income
+€161,865
Goods and materials
+€9,072
Services and other goods
-€331,110
Staff costs
-€172,101
Depreciation
-€132,508
Write-downs
-€145,521
Other operating charges
-€52,522
Other operating items
+€11.7m
Financial income
-€229,146
Financial charges
+€332,462
Taxes
-€1,830
Result 2025
€8.6m
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.
From operations
+€1.1m
Investment
+€3.7m
Financing
-€6.0m
Cash 2024
€2.7m
From operations (derived)
+€1.1m
Net result for the year
+€8.6m
Depreciation
+€6.3m
Stocks and contracts
-€1,339
Receivables within one year
-€3.6m
Deferred charges and accrued income
-€329,021
Trade debts
-€79,766
Tax, wage and social debts
+€120,673
Other debts
-€9.3m
Accrued charges and deferred income
-€570,495
Investment (derived)
+€3.7m
Investment in fixed assets (net)
+€3.7m
Financing
-€6.0m
Debts after one year
-€2.2m
Current portion of long-term debt
-€3.7m
Contributions, distributions and other
-€100,857
Cash 2025
€1.4m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €102,553,360 | €95,263,423 | -€7.3m | -7.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €65,558,387 | €55,592,880 | -€10.0m | -15.2% |
| Intangible fixed assets | 21 | €1,244,138 | €883,703 | -€360,436 | -29.0% |
| Tangible fixed assets | 22/27 | €59,450,156 | €54,709,043 | -€4.7m | -8.0% |
| Land and buildings | 22 | €58,916,766 | €54,436,143 | -€4.5m | -7.6% |
| Plant, machinery and equipment | 23 | €133,543 | €90,605 | -€42,937 | -32.2% |
| Furniture and vehicles | 24 | €330,847 | €182,294 | -€148,553 | -44.9% |
| Assets under construction and advance payments | 27 | €69,000 | - | -€69,000 | |
| Financial fixed assets | 28 | €4,864,093 | €135 | -€4.9m | -100.0% |
| Affiliated companies | 280/1 | €4,863,958 | - | -€4.9m | |
| Participating interests | 280 | €4,335,623 | - | -€4.3m | |
| Amounts receivable | 281 | €528,335 | - | -€528,335 | |
| Other financial fixed assets | 284/8 | €135 | €135 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €36,994,972 | €39,670,542 | +€2.7m | +7.2% |
| Stocks and contracts in progress | 3 | €21,150 | €22,489 | +€1,339 | +6.3% |
| Stocks | 30/36 | €21,150 | €22,489 | +€1,339 | +6.3% |
| Goods purchased for resale | 34 | €21,150 | €22,489 | +€1,339 | +6.3% |
| Amounts receivable within one year | 40/41 | €33,533,791 | €37,132,561 | +€3.6m | +10.7% |
| Trade receivables | 40 | €2,543,105 | €2,640,427 | +€97,322 | +3.8% |
| Other amounts receivable | 41 | €30,990,686 | €34,492,134 | +€3.5m | +11.3% |
| Cash at bank and in hand | 54/58 | €2,675,980 | €1,422,420 | -€1.3m | -46.8% |
| Deferred charges and accrued income | 490/1 | €764,052 | €1,093,073 | +€329,021 | +43.1% |
| Total equity and liabilities | 10/49 | €102,553,360 | €95,263,423 | -€7.3m | -7.1% |
| Equity | 10/15 | €3,184,903 | €11,641,702 | +€8.5m | +265.5% |
| Contributions | 10/11 | €1,500,000 | €1,500,000 | = | 0.0% |
| Capital | 10 | €1,500,000 | €1,500,000 | = | 0.0% |
| Issued capital | 100 | €1,500,000 | €1,500,000 | = | 0.0% |
| Revaluation surpluses | 12 | €7,491,620 | €7,491,620 | = | 0.0% |
| Reserves | 13 | €3,868,804 | €5,710,125 | +€1.8m | +47.6% |
| Non-distributable reserves | 130/1 | €5,505 | €5,505 | = | 0.0% |
| Legal reserve | 130 | €5,504 | €5,504 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1 | €1 | = | 0.0% |
| Tax-exempt reserves | 132 | €558,630 | €2,399,951 | +€1.8m | +329.6% |
| Distributable reserves | 133 | €3,304,669 | €3,304,669 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,813,386 | -€4,097,051 | +€6.7m | +62.1% |
| Investment grants | 15 | €1,137,865 | €1,037,008 | -€100,857 | -8.9% |
| Amounts payable | 17/49 | €99,368,456 | €83,621,721 | -€15.7m | -15.8% |
| Amounts payable after more than one year | 17 | €74,891,743 | €72,692,747 | -€2.2m | -2.9% |
| Financial debts | 170/4 | €73,849,622 | €71,746,562 | -€2.1m | -2.8% |
| Subordinated loans | 170 | €3,500,000 | €2,500,000 | -€1.0m | -28.6% |
| Credit institutions | 173 | €41,324,401 | €50,968,692 | +€9.6m | +23.3% |
| Other loans | 174 | €29,025,221 | €18,277,870 | -€10.7m | -37.0% |
| Other amounts payable | 178/9 | €1,042,121 | €946,185 | -€95,936 | -9.2% |
| Amounts payable within one year | 42/48 | €21,884,360 | €8,907,115 | -€13.0m | -59.3% |
| Current portion of amounts payable after more than one year | 42 | €7,694,062 | €3,952,876 | -€3.7m | -48.6% |
| Trade debts | 44 | €1,839,820 | €1,760,054 | -€79,766 | -4.3% |
| Suppliers | 440/4 | €1,839,820 | €1,760,054 | -€79,766 | -4.3% |
| Taxes, remuneration and social security | 45 | €440,408 | €561,081 | +€120,673 | +27.4% |
| Taxes | 450/3 | €138,072 | €160,002 | +€21,930 | +15.9% |
| Remuneration and social security | 454/9 | €302,336 | €401,080 | +€98,744 | +32.7% |
| Other amounts payable | 47/48 | €11,910,070 | €2,633,103 | -€9.3m | -77.9% |
| Accrued charges and deferred income | 492/3 | €2,592,353 | €2,021,859 | -€570,495 | -22.0% |
| Operating income | 70/76A | €12,346,394 | €24,941,284 | +€12.6m | +102.0% |
| Turnover | 70 | €10,566,320 | €11,044,809 | +€478,490 | +4.5% |
| Other operating income | 74 | €1,499,939 | €1,661,804 | +€161,865 | +10.8% |
| Non-recurring operating income | 76A | €280,135 | €12,234,671 | +€12.0m | +4267.4% |
| Operating charges | 60/66A | €13,598,218 | €14,665,683 | +€1.1m | +7.9% |
| Goods for resale, raw materials and consumables | 60 | €18,192 | €9,120 | -€9,072 | -49.9% |
| Purchases | 600/8 | €28,221 | €10,460 | -€17,761 | -62.9% |
| Change in stocks: decrease (increase) | 609 | -€10,029 | -€1,339 | +€8,689 | +86.6% |
| Services and other goods | 61 | €4,211,459 | €4,542,569 | +€331,110 | +7.9% |
| Remuneration, social security and pensions | 62 | €1,864,052 | €2,036,153 | +€172,101 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,156,370 | €6,288,878 | +€132,508 | +2.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€61,151 | €84,369 | +€145,521 | |
| Other operating charges | 640/8 | €1,398,127 | €1,450,650 | +€52,522 | +3.8% |
| Non-recurring operating charges | 66A | €11,169 | €253,944 | +€242,774 | +2173.5% |
| Operating profit (loss) | 9901 | -€1,251,824 | €10,275,601 | +€11.5m | |
| Financial income | 75/76B | €1,728,006 | €1,498,860 | -€229,146 | -13.3% |
| Recurring financial income | 75 | €1,728,006 | €1,498,860 | -€229,146 | -13.3% |
| Income from financial fixed assets | 750 | €969,425 | €383,562 | -€585,862 | -60.4% |
| Income from current assets | 751 | €651,586 | €1,001,302 | +€349,716 | +53.7% |
| Other financial income | 752/9 | €106,995 | €113,996 | +€7,001 | +6.5% |
| Financial charges | 65/66B | €3,544,438 | €3,211,976 | -€332,462 | -9.4% |
| Recurring financial charges | 65 | €3,496,777 | €3,211,976 | -€284,802 | -8.1% |
| Debt charges | 650 | €3,493,507 | €3,202,709 | -€290,798 | -8.3% |
| Other financial charges | 652/9 | €3,270 | €9,267 | +€5,997 | +183.4% |
| Non-recurring financial charges | 66B | €47,661 | - | -€47,661 | |
| Profit (loss) for the period before taxes | 9903 | -€3,068,256 | €8,562,486 | +€11.6m | |
| Income taxes | 67/77 | €3,000 | €4,830 | +€1,830 | +61.0% |
| Taxes | 670/3 | €3,000 | €4,830 | +€1,830 | +61.0% |
| Profit (loss) for the period | 9904 | -€3,071,256 | €8,557,656 | +€11.6m | |
| Transfer from tax-exempt reserves | 789 | €48,827 | €243,948 | +€195,122 | +399.6% |
| Transfer to tax-exempt reserves | 689 | - | €2,085,269 | +€2.1m | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,022,430 | €6,716,335 | +€9.7m |
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 7 October 2026 via checked.be.