LOKA: 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.
LOKA
Largest movements
- Tangible fixed assets -€825,614
no longer reported in 2025 (was €825,614)
- Receivables within one year +€414,504
new in 2025: €414,504
- Cash +€401,869
up €401,869 (+2511.7%), from €16,000 to €417,869
mainly Investment in fixed assets (net) (+€825,614) and Net result for the year (+€207,641)
- Reserves +€207,641
up €207,641 (+103.1%), from €201,415 to €409,057
of which Distributable reserves: +€301,391
- Current portion of long-term debt -€125,966
no longer reported in 2025 (was €125,966)
- Debts after one year -€83,390
no longer reported in 2025 (was €83,390)
- Trade debts +€59,023
up €59,023 (+4288.0%), from €1,376 to €60,400
- Other debts -€48,135
no longer reported in 2025 (was €48,135)
- Gross operating margin +€208,165
up €208,165 (+149.5%), from €139,224 to €347,388
- Taxes +€111,318
up €111,318 (+377.9%), from €29,459 to €140,777
- Depreciation -€25,483
no longer reported in 2025 (was €25,483)
- Other operating charges -€12,638
down €12,638 (-95.3%), from €13,264 to €626
- Financial income +€7,817
new in 2025: €7,817
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 | €841,882 | €832,373 | -€9,509 | -1.1% |
| Fixed assets | 21/28 | €825,614 | - | -€825,614 | |
| Tangible fixed assets | 22/27 | €825,614 | - | -€825,614 | |
| Land and buildings | 22 | €825,614 | - | -€825,614 | |
| Current assets | 29/58 | €16,268 | €832,373 | +€816,105 | +5016.7% |
| Amounts receivable within one year | 40/41 | - | €414,504 | +€414,504 | |
| Other amounts receivable | 41 | - | €414,504 | +€414,504 | |
| Cash at bank and in hand | 54/58 | €16,000 | €417,869 | +€401,869 | +2511.7% |
| Deferred charges and accrued income | 490/1 | €268 | - | -€268 | |
| Total equity and liabilities | 10/49 | €841,882 | €832,373 | -€9,509 | -1.1% |
| Equity | 10/15 | €553,554 | €761,196 | +€207,641 | +37.5% |
| Contributions | 10/11 | €198,315 | €198,315 | = | 0.0% |
| Reserves | 13 | €201,415 | €409,057 | +€207,641 | +103.1% |
| Tax-exempt reserves | 132 | €93,750 | - | -€93,750 | |
| Distributable reserves | 133 | €107,665 | €409,057 | +€301,391 | +279.9% |
| Profit (loss) carried forward | 14 | €153,824 | €153,824 | = | 0.0% |
| Amounts payable | 17/49 | €288,327 | €71,177 | -€217,151 | -75.3% |
| Amounts payable after more than one year | 17 | €83,390 | - | -€83,390 | |
| Financial debts | 170/4 | €83,390 | - | -€83,390 | |
| Amounts payable within one year | 42/48 | €204,937 | €71,177 | -€133,761 | -65.3% |
| Current portion of amounts payable after more than one year | 42 | €125,966 | - | -€125,966 | |
| Trade debts | 44 | €1,376 | €60,400 | +€59,023 | +4288.0% |
| Suppliers | 440/4 | €1,376 | €60,400 | +€59,023 | +4288.0% |
| Taxes, remuneration and social security | 45 | €29,459 | €10,777 | -€18,682 | -63.4% |
| Taxes | 450/3 | €29,459 | €10,777 | -€18,682 | -63.4% |
| Other amounts payable | 47/48 | €48,135 | - | -€48,135 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,483 | - | -€25,483 | |
| Other operating charges | 640/8 | €13,264 | €626 | -€12,638 | -95.3% |
| Gross operating margin | 9900 | €139,224 | €347,388 | +€208,165 | +149.5% |
| Operating profit (loss) | 9901 | €100,476 | €346,762 | +€246,286 | +245.1% |
| Financial income | 75/76B | - | €7,817 | +€7,817 | |
| Recurring financial income | 75 | - | €7,817 | +€7,817 | |
| Financial charges | 65/66B | €12,218 | €6,161 | -€6,057 | -49.6% |
| Recurring financial charges | 65 | €12,218 | €6,161 | -€6,057 | -49.6% |
| Profit (loss) for the period before taxes | 9903 | €88,258 | €348,418 | +€260,160 | +294.8% |
| Income taxes | 67/77 | €29,459 | €140,777 | +€111,318 | +377.9% |
| Profit (loss) for the period | 9904 | €58,799 | €207,641 | +€148,843 | +253.1% |
| Transfer from tax-exempt reserves | 789 | - | €93,750 | +€93,750 | |
| Profit (loss) for the period to be appropriated | 9905 | €58,799 | €301,391 | +€242,593 | +412.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.