Lokeren E17: 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
Lokeren E17
NACE 68.122, Development of non-residential building projects
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€494,918
2024 · €1.4m-€874,170
Equity
€199,545
2024 · €1.2m-€1.0m
Cash
€2,547
2024 · €4,811-€2,263
Balance sheet total
€5.4m
2024 · €5.6m-€165,947
Largest movements
Assets
- Tangible fixed assets +€1.2m
up €1.2m (+44.4%), from €2.6m to €3.8m
- Current investments -€895,000
down €895,000 (-78.9%), from €1.1m to €240,000
- Receivables within one year -€278,870
down €278,870 (-25.6%), from €1.1m to €811,868
of which Other amounts receivable: -€328,106
- Stocks and contracts -€164,287
down €164,287 (-22.8%), from €721,816 to €557,528
Equity and liabilities
- Other debts +€1.9m
up €1.9m (+1,404%), from €131,773 to €2.0m
- Trade debts -€849,725
down €849,725 (-99.8%), from €851,002 to €1,278
- Reserves -€735,000
down €735,000 (-100%), from €735,000 to €0
- Profit (loss) carried forward -€270,082
down €270,082 (-73.1%), from €369,627 to €99,545
- Debts after one year -€233,333
down €233,333 (-7.4%), from €3.2m to €2.9m
Income statement
- Turnover -€2.6m
down €2.6m (-66.9%), from €3.9m to €1.3m
- Goods and materials -€1.3m
down €1.3m (-72.9%), from €1.8m to €477,978
of which Purchases: -€888,345
- Other operating income +€351,525
up €351,525 (+1,211%), from €29,019 to €380,544
- Taxes -€293,362
down €293,362 (-64.0%), from €458,363 to €165,001
- Depreciation +€185,211
up €185,211 (+241%), from €76,712 to €261,923
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
€1.4m
Turnover
-€2.6m
Other operating income
+€351,525
Goods and materials
+€1.3m
Services and other goods
+€30,198
Depreciation
-€185,211
Other operating charges
-€19,216
Financial income
-€38,305
Financial charges
-€12,742
Taxes
+€293,362
Result 2025
€494,918
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
+€2.3m
Investment
-€541,463
Financing
-€1.7m
Cash 2024
€4,811
From operations (derived)
+€2.3m
Net result for the year
+€494,918
Depreciation
+€261,923
Stocks and contracts
+€164,287
Receivables within one year
+€278,870
Deferred charges and accrued income
+€66
Trade debts
-€849,725
Tax, wage and social debts
+€6,925
Advances received
+€32,000
Other debts
+€1.9m
Accrued charges and deferred income
+€33,268
Investment (derived)
-€541,463
Investment in fixed assets (net)
-€1.4m
Current investments
+€895,000
Financing
-€1.7m
Debts after one year
-€233,333
Contributions, distributions and other
-€1.5m
Cash 2025
€2,547
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,595,762 | €5,429,815 | -€165,947 | -3.0% |
| Fixed assets | 21/28 | €2,643,307 | €3,817,847 | +€1.2m | +44.4% |
| Tangible fixed assets | 22/27 | €2,643,307 | €3,817,847 | +€1.2m | +44.4% |
| Land and buildings | 22 | €2,643,307 | €3,817,847 | +€1.2m | +44.4% |
| Current assets | 29/58 | €2,952,456 | €1,611,969 | -€1.3m | -45.4% |
| Stocks and contracts in progress | 3 | €721,816 | €557,528 | -€164,287 | -22.8% |
| Stocks | 30/36 | €721,816 | €557,528 | -€164,287 | -22.8% |
| Property held for sale | 35 | €721,816 | €557,528 | -€164,287 | -22.8% |
| Amounts receivable within one year | 40/41 | €1,090,738 | €811,868 | -€278,870 | -25.6% |
| Trade receivables | 40 | €10,435 | €59,670 | +€49,236 | +472% |
| Other amounts receivable | 41 | €1,080,303 | €752,197 | -€328,106 | -30.4% |
| Current investments | 50/53 | €1,135,000 | €240,000 | -€895,000 | -78.9% |
| Other investments | 51/53 | €1,135,000 | €240,000 | -€895,000 | -78.9% |
| Cash at bank and in hand | 54/58 | €4,811 | €2,547 | -€2,263 | -47.0% |
| Deferred charges and accrued income | 490/1 | €92 | €25 | -€66 | -72.2% |
| Total equity and liabilities | 10/49 | €5,595,762 | €5,429,815 | -€165,947 | -3.0% |
| Equity | 10/15 | €1,204,627 | €199,545 | -€1.0m | -83.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €735,000 | €0 | -€735,000 | -100% |
| Distributable reserves | 133 | €735,000 | €0 | -€735,000 | -100% |
| Profit (loss) carried forward | 14 | €369,627 | €99,545 | -€270,082 | -73.1% |
| Amounts payable | 17/49 | €4,391,136 | €5,230,271 | +€839,135 | +19.1% |
| Amounts payable after more than one year | 17 | €3,150,000 | €2,916,667 | -€233,333 | -7.4% |
| Financial debts | 170/4 | €3,150,000 | €2,916,667 | -€233,333 | -7.4% |
| Credit institutions | 173 | €3,150,000 | €2,916,667 | -€233,333 | -7.4% |
| Amounts payable within one year | 42/48 | €1,241,108 | €2,280,308 | +€1.0m | +83.7% |
| Current portion of amounts payable after more than one year | 42 | €233,333 | €233,333 | = | 0.0% |
| Trade debts | 44 | €851,002 | €1,278 | -€849,725 | -99.8% |
| Suppliers | 440/4 | €851,002 | €1,278 | -€849,725 | -99.8% |
| Advances received on contracts in progress | 46 | €25,000 | €57,000 | +€32,000 | +128% |
| Taxes, remuneration and social security | 45 | €0 | €6,925 | +€6,925 | |
| Taxes | 450/3 | €0 | €6,925 | +€6,925 | |
| Other amounts payable | 47/48 | €131,773 | €1,981,773 | +€1.9m | +1,404% |
| Accrued charges and deferred income | 492/3 | €28 | €33,296 | +€33,268 | +120,887% |
| Operating income | 70/76A | €3,883,160 | €1,656,040 | -€2.2m | -57.4% |
| Turnover | 70 | €3,854,141 | €1,275,495 | -€2.6m | -66.9% |
| Other operating income | 74 | €29,019 | €380,544 | +€351,525 | +1,211% |
| Operating charges | 60/66A | €1,979,485 | €868,849 | -€1.1m | -56.1% |
| Goods for resale, raw materials and consumables | 60 | €1,762,843 | €477,978 | -€1.3m | -72.9% |
| Purchases | 600/8 | €890,331 | €1,986 | -€888,345 | -99.8% |
| Change in stocks: decrease (increase) | 609 | €872,513 | €475,993 | -€396,520 | -45.4% |
| Services and other goods | 61 | €138,169 | €107,971 | -€30,198 | -21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,712 | €261,923 | +€185,211 | +241% |
| Other operating charges | 640/8 | €1,761 | €20,977 | +€19,216 | +1,091% |
| Operating profit (loss) | 9901 | €1,903,675 | €787,191 | -€1.1m | -58.6% |
| Financial income | 75/76B | €48,661 | €10,355 | -€38,305 | -78.7% |
| Recurring financial income | 75 | €48,661 | €10,355 | -€38,305 | -78.7% |
| Income from current assets | 751 | €48,661 | €10,355 | -€38,305 | -78.7% |
| Other financial income | 752/9 | €0 | - | = | |
| Financial charges | 65/66B | €124,885 | €137,627 | +€12,742 | +10.2% |
| Recurring financial charges | 65 | €124,885 | €137,627 | +€12,742 | +10.2% |
| Debt charges | 650 | €122,942 | €136,166 | +€13,224 | +10.8% |
| Other financial charges | 652/9 | €1,943 | €1,461 | -€482 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | €1,827,450 | €659,919 | -€1.2m | -63.9% |
| Income taxes | 67/77 | €458,363 | €165,001 | -€293,362 | -64.0% |
| Taxes | 670/3 | €458,363 | €165,001 | -€293,362 | -64.0% |
| Profit (loss) for the period | 9904 | €1,369,088 | €494,918 | -€874,170 | -63.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,369,088 | €494,918 | -€874,170 | -63.9% |
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 15 October 2026 via checked.be.