LOKABOX: 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.
What changed
LOKABOX
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€175,714
2024 · -€693,802+€869,516
Equity
€8.5m
2024 · €8.4m+€111,952
Cash
€212,317
2024 · €2.0m-€1.8m
Balance sheet total
€34.4m
2024 · €35.0m-€553,895
Largest movements
Assets
- Cash -€1.8m
down €1.8m (-89.6%), from €2.0m to €212,317
mainly Investment in fixed assets (net) (-€2.4m) and Trade debts (-€526,164)
- Tangible fixed assets +€1.3m
up €1.3m (+4.2%), from €30.4m to €31.7m
of which Land and buildings: +€2.9m
Equity and liabilities
- Trade debts -€526,164
down €526,164 (-58.8%), from €894,916 to €368,752
- Revaluation surpluses -€366,074
down €366,074 (-3.7%), from €9.8m to €9.4m
- Reserves +€366,074
up €366,074 (+12.9%), from €2.8m to €3.2m
Income statement
- Financial charges -€692,206
down €692,206 (-41.5%), from €1.7m to €976,037
- Gross operating margin +€365,676
up €365,676 (+10.3%), from €3.6m to €3.9m
- Write-downs +€165,852
up €165,852 (+103%), from €161,689 to €327,541
- Financial income +€74,960
up €74,960 (+118%), from €63,762 to €138,721
- Staff costs +€42,386
up €42,386 (+4.3%), from €991,724 to €1.0m
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
-€693,802
Gross operating margin
+€365,676
Staff costs
-€42,386
Depreciation
-€26,758
Write-downs
-€165,852
Other operating charges
-€28,614
Financial income
+€74,960
Financial charges
+€692,206
Taxes
+€283
Result 2025
€175,714
raises the resultlowers the result
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.
From operations
+€673,618
Investment
-€2.4m
Financing
-€66,974
Cash 2024
€2.0m
From operations (derived)
+€673,618
Net result for the year
+€175,714
Depreciation
+€1.2m
Receivables after one year
+€51,563
Receivables within one year
-€95,482
Deferred charges and accrued income
+€23,729
Trade debts
-€526,164
Tax, wage and social debts
+€22,856
Other debts
-€193,390
Accrued charges and deferred income
+€34,063
Investment (derived)
-€2.4m
Investment in fixed assets (net)
-€2.4m
Financing
-€66,974
Debts after one year
-€3,212
Contributions, distributions and other
-€63,762
Cash 2025
€212,317
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,951,917 | €34,398,022 | -€553,895 | -1.6% |
| Fixed assets | 21/28 | €30,424,986 | €31,679,482 | +€1.3m | +4.1% |
| Intangible fixed assets | 21 | €39,902 | €29,300 | -€10,601 | -26.6% |
| Tangible fixed assets | 22/27 | €30,385,085 | €31,650,182 | +€1.3m | +4.2% |
| Land and buildings | 22 | €22,104,572 | €25,009,785 | +€2.9m | +13.1% |
| Plant, machinery and equipment | 23 | €850,290 | €810,857 | -€39,432 | -4.6% |
| Furniture and vehicles | 24 | €12,238 | €4,683 | -€7,555 | -61.7% |
| Other tangible fixed assets | 26 | €6,138,771 | €5,824,857 | -€313,914 | -5.1% |
| Assets under construction and advance payments | 27 | €1,279,214 | €0 | -€1.3m | -100% |
| Current assets | 29/58 | €4,526,931 | €2,718,540 | -€1.8m | -39.9% |
| Amounts receivable after more than one year | 29 | €1,922,232 | €1,870,669 | -€51,563 | -2.7% |
| Other amounts receivable | 291 | €1,922,232 | €1,870,669 | -€51,563 | -2.7% |
| Stocks and contracts in progress | 3 | €31,042 | €31,042 | = | 0.0% |
| Stocks | 30/36 | €31,042 | €31,042 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €464,624 | €560,106 | +€95,482 | +20.6% |
| Trade receivables | 40 | €464,624 | €332,350 | -€132,274 | -28.5% |
| Other amounts receivable | 41 | - | €227,756 | +€227,756 | |
| Cash at bank and in hand | 54/58 | €2,040,899 | €212,317 | -€1.8m | -89.6% |
| Deferred charges and accrued income | 490/1 | €68,134 | €44,405 | -€23,729 | -34.8% |
| Total equity and liabilities | 10/49 | €34,951,917 | €34,398,022 | -€553,895 | -1.6% |
| Equity | 10/15 | €8,434,823 | €8,546,775 | +€111,952 | +1.3% |
| Contributions | 10/11 | €1,450,000 | €1,450,000 | = | 0.0% |
| Capital | 10 | €1,450,000 | €1,450,000 | = | 0.0% |
| Issued capital | 100 | €1,450,000 | €1,450,000 | = | 0.0% |
| Revaluation surpluses | 12 | €9,800,686 | €9,434,612 | -€366,074 | -3.7% |
| Reserves | 13 | €2,835,462 | €3,201,535 | +€366,074 | +12.9% |
| Distributable reserves | 133 | €2,835,462 | €3,201,535 | +€366,074 | +12.9% |
| Profit (loss) carried forward | 14 | -€7,005,990 | -€6,830,277 | +€175,714 | +2.5% |
| Investment grants | 15 | €1,354,666 | €1,290,904 | -€63,762 | -4.7% |
| Amounts payable | 17/49 | €26,517,094 | €25,851,247 | -€665,847 | -2.5% |
| Amounts payable after more than one year | 17 | €13,877 | €10,664 | -€3,212 | -23.1% |
| Other amounts payable | 178/9 | €13,877 | €10,664 | -€3,212 | -23.1% |
| Amounts payable within one year | 42/48 | €26,062,376 | €25,365,678 | -€696,698 | -2.7% |
| Trade debts | 44 | €894,916 | €368,752 | -€526,164 | -58.8% |
| Suppliers | 440/4 | €894,916 | €368,752 | -€526,164 | -58.8% |
| Taxes, remuneration and social security | 45 | €160,892 | €183,748 | +€22,856 | +14.2% |
| Taxes | 450/3 | €81,167 | €94,947 | +€13,779 | +17.0% |
| Remuneration and social security | 454/9 | €79,725 | €88,801 | +€9,076 | +11.4% |
| Other amounts payable | 47/48 | €25,006,568 | €24,813,178 | -€193,390 | -0.8% |
| Accrued charges and deferred income | 492/3 | €440,842 | €474,904 | +€34,063 | +7.7% |
| Non-recurring operating income | 76A | €10,353 | €0 | -€10,353 | -100% |
| Remuneration, social security and pensions | 62 | €991,724 | €1,034,109 | +€42,386 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,153,973 | €1,180,730 | +€26,758 | +2.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €161,689 | €327,541 | +€165,852 | +103% |
| Other operating charges | 640/8 | €339,930 | €368,544 | +€28,614 | +8.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €3,558,265 | €3,923,941 | +€365,676 | +10.3% |
| Operating profit (loss) | 9901 | €910,950 | €1,013,017 | +€102,067 | +11.2% |
| Financial income | 75/76B | €63,762 | €138,721 | +€74,960 | +118% |
| Recurring financial income | 75 | €63,762 | €138,721 | +€74,960 | +118% |
| Financial charges | 65/66B | €1,668,243 | €976,037 | -€692,206 | -41.5% |
| Recurring financial charges | 65 | €1,668,243 | €976,037 | -€692,206 | -41.5% |
| Profit (loss) for the period before taxes | 9903 | -€693,532 | €175,702 | +€869,233 | |
| Income taxes | 67/77 | €270 | -€12 | -€283 | |
| Profit (loss) for the period | 9904 | -€693,802 | €175,714 | +€869,516 | |
| Profit (loss) for the period to be appropriated | 9905 | -€693,802 | €175,714 | +€869,516 |
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.