LOKERENSIS: 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.
LOKERENSIS
Largest movements
- Tangible fixed assets +€83,617
up €83,617 (+38.0%), from €219,968 to €303,585
of which Plant, machinery and equipment: +€87,699
- Cash -€68,813
down €68,813 (-10.3%), from €665,616 to €596,803
mainly Investment in fixed assets (net) (-€164,368) and Contributions, distributions and other (-€150,000)
- Receivables within one year +€54,874
up €54,874 (+85.0%), from €64,527 to €119,401
of which Other amounts receivable: +€54,868
- Deferred charges and accrued income +€22,318
up €22,318 (+168%), from €13,317 to €35,635
- Other debts +€150,253
up €150,253 (+5,710%), from €2,631 to €152,884
- Reserves -€79,304
down €79,304 (-33.1%), from €239,385 to €160,081
of which Distributable reserves: -€79,304
- Tax, wage and social debts +€62,830
up €62,830 (+79.0%), from €79,549 to €142,379
of which Remuneration and social security: +€61,167
- Trade debts -€29,488
down €29,488 (-4.7%), from €625,141 to €595,653
- Current portion of long-term debt -€13,166
no longer reported in 2025 (was €13,166)
- Gross operating margin +€245,944
up €245,944 (+24.8%), from €992,859 to €1.2m
- Staff costs +€147,910
up €147,910 (+16.9%), from €873,400 to €1.0m
- Other operating charges +€21,510
up €21,510 (+244%), from €8,832 to €30,342
- Taxes +€16,048
up €16,048 (+198%), from €8,116 to €24,164
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 | €984,685 | €1,075,818 | +€91,133 | +9.3% |
| Fixed assets | 21/28 | €220,662 | €304,280 | +€83,617 | +37.9% |
| Tangible fixed assets | 22/27 | €219,968 | €303,585 | +€83,617 | +38.0% |
| Plant, machinery and equipment | 23 | €203,045 | €290,744 | +€87,699 | +43.2% |
| Furniture and vehicles | 24 | €16,922 | €12,841 | -€4,082 | -24.1% |
| Financial fixed assets | 28 | €695 | €695 | = | 0.0% |
| Current assets | 29/58 | €764,023 | €771,539 | +€7,516 | +1.0% |
| Stocks and contracts in progress | 3 | €20,563 | €19,700 | -€863 | -4.2% |
| Stocks | 30/36 | €20,563 | €19,700 | -€863 | -4.2% |
| Amounts receivable within one year | 40/41 | €64,527 | €119,401 | +€54,874 | +85.0% |
| Trade receivables | 40 | €10,206 | €10,212 | +€6 | +0.1% |
| Other amounts receivable | 41 | €54,321 | €109,189 | +€54,868 | +101% |
| Cash at bank and in hand | 54/58 | €665,616 | €596,803 | -€68,813 | -10.3% |
| Deferred charges and accrued income | 490/1 | €13,317 | €35,635 | +€22,318 | +168% |
| Total equity and liabilities | 10/49 | €984,685 | €1,075,818 | +€91,133 | +9.3% |
| Equity | 10/15 | €264,165 | €184,861 | -€79,304 | -30.0% |
| Contributions | 10/11 | €24,780 | €24,780 | = | 0.0% |
| Reserves | 13 | €239,385 | €160,081 | -€79,304 | -33.1% |
| Non-distributable reserves | 130/1 | €2,478 | €2,478 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,478 | €2,478 | = | 0.0% |
| Tax-exempt reserves | 132 | €49,192 | €49,192 | = | 0.0% |
| Distributable reserves | 133 | €187,715 | €108,411 | -€79,304 | -42.2% |
| Amounts payable | 17/49 | €720,520 | €890,957 | +€170,437 | +23.7% |
| Amounts payable within one year | 42/48 | €720,488 | €890,916 | +€170,428 | +23.7% |
| Current portion of amounts payable after more than one year | 42 | €13,166 | - | -€13,166 | |
| Trade debts | 44 | €625,141 | €595,653 | -€29,488 | -4.7% |
| Suppliers | 440/4 | €625,141 | €595,653 | -€29,488 | -4.7% |
| Taxes, remuneration and social security | 45 | €79,549 | €142,379 | +€62,830 | +79.0% |
| Taxes | 450/3 | - | €1,663 | +€1,663 | |
| Remuneration and social security | 454/9 | €79,549 | €140,716 | +€61,167 | +76.9% |
| Other amounts payable | 47/48 | €2,631 | €152,884 | +€150,253 | +5,710% |
| Accrued charges and deferred income | 492/3 | €32 | €41 | +€9 | +28.6% |
| Remuneration, social security and pensions | 62 | €873,400 | €1,021,310 | +€147,910 | +16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,008 | €80,750 | +€2,743 | +3.5% |
| Other operating charges | 640/8 | €8,832 | €30,342 | +€21,510 | +244% |
| Gross operating margin | 9900 | €992,859 | €1,238,804 | +€245,944 | +24.8% |
| Operating profit (loss) | 9901 | €32,620 | €106,402 | +€73,782 | +226% |
| Financial income | 75/76B | €2,974 | €4,460 | +€1,486 | +50.0% |
| Recurring financial income | 75 | €2,974 | €4,460 | +€1,486 | +50.0% |
| Financial charges | 65/66B | €16,693 | €16,002 | -€690 | -4.1% |
| Recurring financial charges | 65 | €16,693 | €16,002 | -€690 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €18,901 | €94,859 | +€75,958 | +402% |
| Income taxes | 67/77 | €8,116 | €24,164 | +€16,048 | +198% |
| Profit (loss) for the period | 9904 | €10,785 | €70,696 | +€59,911 | +555% |
| Profit (loss) for the period to be appropriated | 9905 | €10,785 | €70,696 | +€59,911 | +555% |
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 18 October 2026 via checked.be.