LOKA: 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.
LOKA
Largest movements
- Cash +€48,544
up €48,544, from €0 to €48,544
mainly Accrued charges and deferred income (+€29,544) and Depreciation (+€13,810)
- Tangible fixed assets -€5,901
down €5,901 (-8.4%), from €70,365 to €64,464
of which Land and buildings: -€5,063
- Receivables within one year -€4,226
down €4,226 (-4.3%), from €99,223 to €94,997
- Deferred charges and accrued income -€3,081
down €3,081 (-59.3%), from €5,197 to €2,116
- Accrued charges and deferred income +€29,544
up €29,544 (+37.3%), from €79,231 to €108,775
- Other debts +€7,259
up €7,259 (+28.0%), from €25,887 to €33,146
- Short-term financial debts -€3,798
down €3,798 (-100%), from €3,798 to €0
- Depreciation -€7,866
down €7,866 (-36.3%), from €21,677 to €13,810
- Gross operating margin -€7,342
down €7,342 (-26.9%), from €27,322 to €19,980
- Financial charges -€2,771
down €2,771 (-50.3%), from €5,506 to €2,735
- Other operating charges +€663
up €663 (+86.6%), from €766 to €1,429
- Taxes +€562
up €562 (+88.4%), from €635 to €1,197
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 | €174,785 | €210,121 | +€35,336 | +20.2% |
| Fixed assets | 21/28 | €70,365 | €64,464 | -€5,901 | -8.4% |
| Tangible fixed assets | 22/27 | €70,365 | €64,464 | -€5,901 | -8.4% |
| Land and buildings | 22 | €57,520 | €52,456 | -€5,063 | -8.8% |
| Plant, machinery and equipment | 23 | €5,279 | €4,196 | -€1,083 | -20.5% |
| Furniture and vehicles | 24 | €7,167 | €7,812 | +€645 | +9.0% |
| Other tangible fixed assets | 26 | €399 | €0 | -€399 | -100% |
| Current assets | 29/58 | €104,420 | €145,657 | +€41,237 | +39.5% |
| Amounts receivable within one year | 40/41 | €99,223 | €94,997 | -€4,226 | -4.3% |
| Other amounts receivable | 41 | €99,223 | €94,997 | -€4,226 | -4.3% |
| Cash at bank and in hand | 54/58 | €0 | €48,544 | +€48,544 | |
| Deferred charges and accrued income | 490/1 | €5,197 | €2,116 | -€3,081 | -59.3% |
| Total equity and liabilities | 10/49 | €174,785 | €210,121 | +€35,336 | +20.2% |
| Equity | 10/15 | €56,794 | €57,601 | +€808 | +1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €38,194 | €39,001 | +€808 | +2.1% |
| Distributable reserves | 133 | €38,194 | €39,001 | +€808 | +2.1% |
| Amounts payable | 17/49 | €117,991 | €152,520 | +€34,528 | +29.3% |
| Amounts payable within one year | 42/48 | €38,761 | €43,745 | +€4,984 | +12.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €3,798 | €0 | -€3,798 | -100% |
| Credit institutions | 430/8 | €3,798 | €0 | -€3,798 | -100% |
| Trade debts | 44 | €9,075 | €10,599 | +€1,524 | +16.8% |
| Suppliers | 440/4 | €9,075 | €10,599 | +€1,524 | +16.8% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €25,887 | €33,146 | +€7,259 | +28.0% |
| Accrued charges and deferred income | 492/3 | €79,231 | €108,775 | +€29,544 | +37.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,677 | €13,810 | -€7,866 | -36.3% |
| Other operating charges | 640/8 | €766 | €1,429 | +€663 | +86.6% |
| Gross operating margin | 9900 | €27,322 | €19,980 | -€7,342 | -26.9% |
| Operating profit (loss) | 9901 | €4,879 | €4,740 | -€139 | -2.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €5,506 | €2,735 | -€2,771 | -50.3% |
| Recurring financial charges | 65 | €5,506 | €2,735 | -€2,771 | -50.3% |
| Profit (loss) for the period before taxes | 9903 | -€627 | €2,005 | +€2,632 | |
| Income taxes | 67/77 | €635 | €1,197 | +€562 | +88.4% |
| Profit (loss) for the period | 9904 | -€1,262 | €808 | +€2,070 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,262 | €808 | +€2,070 |
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 25 October 2026 via checked.be.