LOKI: 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.
LOKI
Largest movements
- Financial fixed assets -€29,669
down €29,669 (-100.0%), from €29,669 to €0
- Receivables within one year -€5,888
down €5,888 (-7.0%), from €84,696 to €78,808
of which Other amounts receivable: -€5,888
- Profit (loss) carried forward -€35,999
new in 2025: -€35,999
- Tax, wage and social debts -€4,268
down €4,268 (-25.5%), from €16,757 to €12,489
- Debts after one year +€2,781
new in 2025: €2,781
- Financial charges +€41,948
up €41,948 (+7,800%), from €538 to €42,486
- Taxes -€2,530
down €2,530 (-100%), from €2,530 to €0
- Gross operating margin -€2,401
down €2,401 (-24.4%), from €9,854 to €7,453
- Other operating charges +€402
up €402 (+340%), from €118 to €520
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 | €190,623 | €154,444 | -€36,179 | -19.0% |
| Fixed assets | 21/28 | €30,562 | €446 | -€30,116 | -98.5% |
| Tangible fixed assets | 22/27 | €892 | €446 | -€446 | -50.0% |
| Furniture and vehicles | 24 | €892 | €446 | -€446 | -50.0% |
| Financial fixed assets | 28 | €29,669 | €0 | -€29,669 | -100.0% |
| Current assets | 29/58 | €160,061 | €153,998 | -€6,063 | -3.8% |
| Amounts receivable after more than one year | 29 | €75,000 | €75,000 | = | 0.0% |
| Other amounts receivable | 291 | €75,000 | €75,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €84,696 | €78,808 | -€5,888 | -7.0% |
| Trade receivables | 40 | €4,200 | €4,200 | = | 0.0% |
| Other amounts receivable | 41 | €80,496 | €74,608 | -€5,888 | -7.3% |
| Cash at bank and in hand | 54/58 | €358 | €189 | -€168 | -47.0% |
| Deferred charges and accrued income | 490/1 | €7 | €0 | -€7 | -100% |
| Total equity and liabilities | 10/49 | €190,623 | €154,444 | -€36,179 | -19.0% |
| Equity | 10/15 | €173,742 | €137,744 | -€35,999 | -20.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €155,142 | €155,142 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €153,282 | €153,282 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€35,999 | -€35,999 | |
| Amounts payable | 17/49 | €16,880 | €16,700 | -€180 | -1.1% |
| Amounts payable after more than one year | 17 | - | €2,781 | +€2,781 | |
| Financial debts | 170/4 | - | €2,781 | +€2,781 | |
| Amounts payable within one year | 42/48 | €16,880 | €13,527 | -€3,353 | -19.9% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €123 | €1,038 | +€915 | +744% |
| Suppliers | 440/4 | €123 | €1,038 | +€915 | +744% |
| Taxes, remuneration and social security | 45 | €16,757 | €12,489 | -€4,268 | -25.5% |
| Taxes | 450/3 | €16,757 | €12,489 | -€4,268 | -25.5% |
| Accrued charges and deferred income | 492/3 | - | €393 | +€393 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €446 | €446 | -€0 | 0.0% |
| Other operating charges | 640/8 | €118 | €520 | +€402 | +340% |
| Gross operating margin | 9900 | €9,854 | €7,453 | -€2,401 | -24.4% |
| Operating profit (loss) | 9901 | €9,290 | €6,487 | -€2,803 | -30.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €538 | €42,486 | +€41,948 | +7,800% |
| Recurring financial charges | 65 | €538 | €42,486 | +€41,948 | +7,800% |
| Profit (loss) for the period before taxes | 9903 | €8,752 | -€35,999 | -€44,751 | |
| Income taxes | 67/77 | €2,530 | €0 | -€2,530 | -100% |
| Profit (loss) for the period | 9904 | €6,222 | -€35,999 | -€42,221 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,222 | -€35,999 | -€42,221 |
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.