LOKATOER: 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
LOKATOER
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€5,181
2024 · -€10,661+€5,480
Equity
-€244,298
2024 · -€239,117-€5,181
Cash
€2,859
2024 · €4,282-€1,423
Balance sheet total
€350,305
2024 · €367,488-€17,183
Largest movements
Assets
- Tangible fixed assets -€14,720
down €14,720 (-4.3%), from €345,232 to €330,512
of which Land and buildings: -€13,350
Equity and liabilities
- Debts after one year -€22,646
down €22,646 (-12.8%), from €176,825 to €154,179
- Other debts +€13,045
up €13,045 (+3.3%), from €401,216 to €414,261
- Profit (loss) carried forward -€5,181
down €5,181 (-2.0%), from -€257,667 to -€262,848
Income statement
- Gross operating margin +€4,099
up €4,099 (+25.8%), from €15,887 to €19,986
- Financial charges -€1,262
down €1,262 (-14.3%), from €8,828 to €7,566
- Depreciation -€205
down €205 (-1.4%), from €14,925 to €14,720
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
-€10,661
Gross operating margin
+€4,099
Depreciation
+€205
Other operating charges
-€85
Financial income
-€1
Financial charges
+€1,262
Taxes
-€0
Result 2025
-€5,181
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
+€21,759
Investment
-€698
Financing
-€22,483
Cash 2024
€4,282
From operations (derived)
+€21,759
Net result for the year
-€5,181
Depreciation
+€14,720
Receivables within one year
+€1,269
Deferred charges and accrued income
+€470
Trade debts
+€353
Tax, wage and social debts
-€1,933
Other debts
+€13,045
Accrued charges and deferred income
-€984
Investment (derived)
-€698
Investment in fixed assets (net)
+€0
Current investments
-€698
Financing
-€22,483
Debts after one year
-€22,646
Current portion of long-term debt
+€844
Short-term financial debts
-€681
Contributions, distributions and other
-€0
Cash 2025
€2,859
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €367,488 | €350,305 | -€17,183 | -4.7% |
| Fixed assets | 21/28 | €345,232 | €330,512 | -€14,720 | -4.3% |
| Tangible fixed assets | 22/27 | €345,232 | €330,512 | -€14,720 | -4.3% |
| Land and buildings | 22 | €343,184 | €329,834 | -€13,350 | -3.9% |
| Plant, machinery and equipment | 23 | €1,590 | €678 | -€912 | -57.4% |
| Furniture and vehicles | 24 | €458 | €0 | -€458 | -100.0% |
| Current assets | 29/58 | €22,256 | €19,793 | -€2,463 | -11.1% |
| Amounts receivable after more than one year | 29 | €16,000 | €16,000 | = | 0.0% |
| Other amounts receivable | 291 | €16,000 | €16,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,298 | €29 | -€1,269 | -97.8% |
| Trade receivables | 40 | €713 | €22 | -€691 | -96.9% |
| Other amounts receivable | 41 | €585 | €7 | -€578 | -98.8% |
| Current investments | 50/53 | €5 | €703 | +€698 | +13,969% |
| Cash at bank and in hand | 54/58 | €4,282 | €2,859 | -€1,423 | -33.2% |
| Deferred charges and accrued income | 490/1 | €671 | €201 | -€470 | -70.0% |
| Total equity and liabilities | 10/49 | €367,488 | €350,305 | -€17,183 | -4.7% |
| Equity | 10/15 | -€239,117 | -€244,298 | -€5,181 | -2.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€257,667 | -€262,848 | -€5,181 | -2.0% |
| Amounts payable | 17/49 | €606,605 | €594,603 | -€12,002 | -2.0% |
| Amounts payable after more than one year | 17 | €176,825 | €154,179 | -€22,646 | -12.8% |
| Financial debts | 170/4 | €176,825 | €154,179 | -€22,646 | -12.8% |
| Amounts payable within one year | 42/48 | €428,796 | €440,424 | +€11,628 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €23,653 | €24,497 | +€844 | +3.6% |
| Financial debts | 43 | €681 | €0 | -€681 | -100% |
| Credit institutions | 430/8 | €681 | €0 | -€681 | -100% |
| Trade debts | 44 | €1,313 | €1,666 | +€353 | +26.9% |
| Suppliers | 440/4 | €1,313 | €1,666 | +€353 | +26.9% |
| Taxes, remuneration and social security | 45 | €1,933 | €0 | -€1,933 | -100% |
| Taxes | 450/3 | €1,933 | €0 | -€1,933 | -100% |
| Other amounts payable | 47/48 | €401,216 | €414,261 | +€13,045 | +3.3% |
| Accrued charges and deferred income | 492/3 | €984 | €0 | -€984 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,925 | €14,720 | -€205 | -1.4% |
| Other operating charges | 640/8 | €2,796 | €2,881 | +€85 | +3.0% |
| Gross operating margin | 9900 | €15,887 | €19,986 | +€4,099 | +25.8% |
| Operating profit (loss) | 9901 | -€1,834 | €2,384 | +€4,218 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -95.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -95.0% |
| Financial charges | 65/66B | €8,828 | €7,566 | -€1,262 | -14.3% |
| Recurring financial charges | 65 | €8,828 | €7,566 | -€1,262 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | -€10,661 | -€5,181 | +€5,480 | +51.4% |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | -€10,661 | -€5,181 | +€5,480 | +51.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,661 | -€5,181 | +€5,480 | +51.4% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.