LOKAEM: 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.
LOKAEM
Largest movements
- Cash -€882,458
down €882,458 (-76.0%), from €1.2m to €278,208
mainly Other debts (-€1.1m) and Contributions, distributions and other (-€630,000)
- Receivables within one year -€221,673
down €221,673 (-39.9%), from €555,165 to €333,492
of which Trade receivables: -€222,903
- Other debts -€1.1m
down €1.1m (-65.1%), from €1.8m to €613,725
- Reserves +€19,840
up €19,840 (+3170.4%), from €626 to €20,465
- Gross operating margin -€207,674
down €207,674 (-19.1%), from €1.1m to €876,851
- Taxes -€57,099
down €57,099 (-21.3%), from €267,848 to €210,749
- Depreciation +€11,238
up €11,238 (+149.5%), from €7,516 to €18,755
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 | €1,808,139 | €687,517 | -€1.1m | -62.0% |
| Fixed assets | 21/28 | €83,365 | €68,165 | -€15,200 | -18.2% |
| Tangible fixed assets | 22/27 | €83,365 | €68,165 | -€15,200 | -18.2% |
| Plant, machinery and equipment | 23 | €2,632 | €4,235 | +€1,603 | +60.9% |
| Furniture and vehicles | 24 | €80,734 | €63,930 | -€16,803 | -20.8% |
| Current assets | 29/58 | €1,724,774 | €619,352 | -€1.1m | -64.1% |
| Amounts receivable within one year | 40/41 | €555,165 | €333,492 | -€221,673 | -39.9% |
| Trade receivables | 40 | €555,165 | €332,262 | -€222,903 | -40.2% |
| Other amounts receivable | 41 | - | €1,229 | +€1,229 | |
| Cash at bank and in hand | 54/58 | €1,160,666 | €278,208 | -€882,458 | -76.0% |
| Deferred charges and accrued income | 490/1 | €8,943 | €7,652 | -€1,291 | -14.4% |
| Total equity and liabilities | 10/49 | €1,808,139 | €687,517 | -€1.1m | -62.0% |
| Equity | 10/15 | €19,226 | €39,065 | +€19,840 | +103.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €626 | €20,465 | +€19,840 | +3170.4% |
| Distributable reserves | 133 | €626 | €20,465 | +€19,840 | +3170.4% |
| Amounts payable | 17/49 | €1,788,914 | €648,452 | -€1.1m | -63.8% |
| Amounts payable within one year | 42/48 | €1,776,914 | €636,452 | -€1.1m | -64.2% |
| Financial debts | 43 | €14,583 | €14,583 | = | 0.0% |
| Credit institutions | 430/8 | €14,583 | €14,583 | = | 0.0% |
| Trade debts | 44 | €507 | €1,245 | +€737 | +145.4% |
| Suppliers | 440/4 | €507 | €1,245 | +€737 | +145.4% |
| Taxes, remuneration and social security | 45 | €5,223 | €6,898 | +€1,675 | +32.1% |
| Taxes | 450/3 | €5,223 | €6,898 | +€1,675 | +32.1% |
| Other amounts payable | 47/48 | €1,756,600 | €613,725 | -€1.1m | -65.1% |
| Accrued charges and deferred income | 492/3 | €12,000 | €12,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,516 | €18,755 | +€11,238 | +149.5% |
| Other operating charges | 640/8 | €1,772 | €991 | -€781 | -44.1% |
| Gross operating margin | 9900 | €1,084,525 | €876,851 | -€207,674 | -19.1% |
| Operating profit (loss) | 9901 | €1,075,237 | €857,105 | -€218,132 | -20.3% |
| Financial income | 75/76B | €8,455 | €6,594 | -€1,861 | -22.0% |
| Recurring financial income | 75 | €8,455 | €6,594 | -€1,861 | -22.0% |
| Financial charges | 65/66B | €5,260 | €3,111 | -€2,149 | -40.9% |
| Recurring financial charges | 65 | €5,260 | €3,111 | -€2,149 | -40.9% |
| Profit (loss) for the period before taxes | 9903 | €1,078,432 | €860,589 | -€217,843 | -20.2% |
| Income taxes | 67/77 | €267,848 | €210,749 | -€57,099 | -21.3% |
| Profit (loss) for the period | 9904 | €810,584 | €649,840 | -€160,744 | -19.8% |
| Profit (loss) for the period to be appropriated | 9905 | €810,584 | €649,840 | -€160,744 | -19.8% |
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 12 October 2026 via checked.be.