LOK KEE: 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.
LOK KEE
Largest movements
- Receivables within one year +€30,204
up €30,204 (+43.5%), from €69,452 to €99,657
of which Other amounts receivable: +€24,399
- Tangible fixed assets +€20,733
up €20,733 (+508%), from €4,080 to €24,813
of which Furniture and vehicles: +€21,505
- Cash +€3,866
up €3,866 (+2.1%), from €187,388 to €191,254
mainly Net result for the year (+€45,811) and Trade debts (+€33,645)
- Trade debts +€33,645
up €33,645 (+139%), from €24,239 to €57,883
of which Suppliers: +€33,645
- Reserves +€22,915
up €22,915 (+18.5%), from €123,944 to €146,859
of which Distributable reserves: +€22,915
- Gross operating margin -€49,153
down €49,153 (-28.3%), from €173,389 to €124,236
- Taxes -€15,086
down €15,086 (-46.3%), from €32,618 to €17,532
- Staff costs +€4,558
up €4,558 (+9.2%), from €49,446 to €54,004
- Depreciation +€3,034
up €3,034 (+254%), from €1,196 to €4,230
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 | €261,291 | €317,219 | +€55,928 | +21.4% |
| Fixed assets | 21/28 | €4,343 | €25,076 | +€20,733 | +477% |
| Tangible fixed assets | 22/27 | €4,080 | €24,813 | +€20,733 | +508% |
| Plant, machinery and equipment | 23 | €4,080 | €3,309 | -€772 | -18.9% |
| Furniture and vehicles | 24 | €0 | €21,505 | +€21,505 | |
| Financial fixed assets | 28 | €263 | €263 | = | 0.0% |
| Current assets | 29/58 | €256,948 | €292,144 | +€35,195 | +13.7% |
| Amounts receivable within one year | 40/41 | €69,452 | €99,657 | +€30,204 | +43.5% |
| Trade receivables | 40 | €64,425 | €70,230 | +€5,805 | +9.0% |
| Other amounts receivable | 41 | €5,027 | €29,427 | +€24,399 | +485% |
| Cash at bank and in hand | 54/58 | €187,388 | €191,254 | +€3,866 | +2.1% |
| Deferred charges and accrued income | 490/1 | €108 | €1,233 | +€1,125 | +1,043% |
| Total equity and liabilities | 10/49 | €261,291 | €317,219 | +€55,928 | +21.4% |
| Equity | 10/15 | €205,701 | €229,427 | +€23,726 | +11.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €123,944 | €146,859 | +€22,915 | +18.5% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €122,085 | €145,000 | +€22,915 | +18.8% |
| Profit (loss) carried forward | 14 | €63,165 | €63,976 | +€811 | +1.3% |
| Amounts payable | 17/49 | €55,590 | €87,792 | +€32,202 | +57.9% |
| Amounts payable within one year | 42/48 | €55,590 | €87,792 | +€32,202 | +57.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €24,239 | €57,883 | +€33,645 | +139% |
| Suppliers | 440/4 | €24,239 | €57,883 | +€33,645 | +139% |
| Bills of exchange payable | 441 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €31,072 | €29,909 | -€1,163 | -3.7% |
| Taxes | 450/3 | €23,282 | €19,605 | -€3,676 | -15.8% |
| Remuneration and social security | 454/9 | €7,790 | €10,303 | +€2,513 | +32.3% |
| Other amounts payable | 47/48 | €280 | €0 | -€280 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €49,446 | €54,004 | +€4,558 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,196 | €4,230 | +€3,034 | +254% |
| Other operating charges | 640/8 | €1,679 | €2,558 | +€879 | +52.3% |
| Gross operating margin | 9900 | €173,389 | €124,236 | -€49,153 | -28.3% |
| Operating profit (loss) | 9901 | €121,066 | €63,443 | -€57,624 | -47.6% |
| Financial income | 75/76B | €0 | €365 | +€365 | |
| Recurring financial income | 75 | €0 | €365 | +€365 | |
| Financial charges | 65/66B | €333 | €465 | +€132 | +39.7% |
| Recurring financial charges | 65 | €333 | €465 | +€132 | +39.7% |
| Profit (loss) for the period before taxes | 9903 | €120,734 | €63,343 | -€57,391 | -47.5% |
| Income taxes | 67/77 | €32,618 | €17,532 | -€15,086 | -46.3% |
| Profit (loss) for the period | 9904 | €88,116 | €45,811 | -€42,304 | -48.0% |
| Profit (loss) for the period to be appropriated | 9905 | €88,116 | €45,811 | -€42,304 | -48.0% |
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.