LOKIPROTECT: 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.
LOKIPROTECT
Largest movements
- Receivables within one year +€31,538
up €31,538 (+9.7%), from €326,761 to €358,298
of which Trade receivables: +€62,976
- Stocks and contracts -€28,072
down €28,072 (-13.3%), from €210,807 to €182,735
- Cash -€7,928
down €7,928 (-49.1%), from €16,151 to €8,222
mainly Trade debts (-€92,317) and Receivables within one year (-€31,538)
- Tangible fixed assets +€6,327
up €6,327 (+22.4%), from €28,220 to €34,546
of which Other tangible fixed assets: +€8,633
- Trade debts -€92,317
down €92,317 (-28.1%), from €328,962 to €236,646
- Reserves +€49,068
up €49,068 (+31.1%), from €157,716 to €206,785
of which Distributable reserves: +€49,068
- Tax, wage and social debts +€45,347
up €45,347 (+333%), from €13,630 to €58,977
of which Taxes: +€43,306
- Gross operating margin +€66,410
up €66,410 (+13.1%), from €506,733 to €573,142
- Other operating charges -€43,136
down €43,136 (-95.5%), from €45,174 to €2,037
- Staff costs +€29,625
up €29,625 (+7.3%), from €404,338 to €433,962
- Taxes +€19,952
up €19,952 (+233%), from €8,581 to €28,534
- Financial charges +€8,077
up €8,077 (+25.1%), from €32,157 to €40,233
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 | €590,206 | €591,978 | +€1,772 | +0.3% |
| Fixed assets | 21/28 | €36,487 | €42,723 | +€6,235 | +17.1% |
| Intangible fixed assets | 21 | €8,268 | €8,176 | -€92 | -1.1% |
| Tangible fixed assets | 22/27 | €28,220 | €34,546 | +€6,327 | +22.4% |
| Plant, machinery and equipment | 23 | €16,840 | €14,488 | -€2,352 | -14.0% |
| Furniture and vehicles | 24 | €11,379 | €11,426 | +€46 | +0.4% |
| Other tangible fixed assets | 26 | - | €8,633 | +€8,633 | |
| Current assets | 29/58 | €553,719 | €549,256 | -€4,463 | -0.8% |
| Stocks and contracts in progress | 3 | €210,807 | €182,735 | -€28,072 | -13.3% |
| Stocks | 30/36 | €210,807 | €182,735 | -€28,072 | -13.3% |
| Amounts receivable within one year | 40/41 | €326,761 | €358,298 | +€31,538 | +9.7% |
| Trade receivables | 40 | €138,944 | €201,920 | +€62,976 | +45.3% |
| Other amounts receivable | 41 | €187,817 | €156,378 | -€31,439 | -16.7% |
| Cash at bank and in hand | 54/58 | €16,151 | €8,222 | -€7,928 | -49.1% |
| Total equity and liabilities | 10/49 | €590,206 | €591,978 | +€1,772 | +0.3% |
| Equity | 10/15 | €247,042 | €296,159 | +€49,117 | +19.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €157,716 | €206,785 | +€49,068 | +31.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €155,856 | €204,925 | +€49,068 | +31.5% |
| Profit (loss) carried forward | 14 | €83,126 | €83,175 | +€49 | +0.1% |
| Amounts payable | 17/49 | €343,164 | €295,819 | -€47,345 | -13.8% |
| Amounts payable within one year | 42/48 | €343,164 | €295,819 | -€47,345 | -13.8% |
| Trade debts | 44 | €328,962 | €236,646 | -€92,317 | -28.1% |
| Suppliers | 440/4 | €328,962 | €236,646 | -€92,317 | -28.1% |
| Taxes, remuneration and social security | 45 | €13,630 | €58,977 | +€45,347 | +333% |
| Taxes | 450/3 | €11,188 | €54,494 | +€43,306 | +387% |
| Remuneration and social security | 454/9 | €2,442 | €4,483 | +€2,040 | +83.5% |
| Other amounts payable | 47/48 | €572 | €197 | -€375 | -65.6% |
| Remuneration, social security and pensions | 62 | €404,338 | €433,962 | +€29,625 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,734 | €16,857 | +€1,123 | +7.1% |
| Other operating charges | 640/8 | €45,174 | €2,037 | -€43,136 | -95.5% |
| Non-recurring operating charges | 66A | - | €3,003 | +€3,003 | |
| Gross operating margin | 9900 | €506,733 | €573,142 | +€66,410 | +13.1% |
| Operating profit (loss) | 9901 | €41,488 | €117,283 | +€75,795 | +183% |
| Financial income | 75/76B | €1,952 | €553 | -€1,400 | -71.7% |
| Recurring financial income | 75 | €1,952 | €553 | -€1,400 | -71.7% |
| Financial charges | 65/66B | €32,157 | €40,233 | +€8,077 | +25.1% |
| Recurring financial charges | 65 | €32,157 | €40,233 | +€8,077 | +25.1% |
| Profit (loss) for the period before taxes | 9903 | €11,283 | €77,602 | +€66,319 | +588% |
| Income taxes | 67/77 | €8,581 | €28,534 | +€19,952 | +233% |
| Profit (loss) for the period | 9904 | €2,702 | €49,068 | +€46,366 | +1,716% |
| Profit (loss) for the period to be appropriated | 9905 | €2,702 | €49,068 | +€46,366 | +1,716% |
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 15 October 2026 via checked.be.