LOKOMOTIV: 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.
LOKOMOTIV
Largest movements
- Receivables within one year +€21,094
up €21,094 (+89.7%), from €23,509 to €44,603
of which Trade receivables: +€16,797
- Cash +€19,738
up €19,738 (+798%), from €2,473 to €22,211
mainly Net result for the year (+€51,698) and Depreciation (+€29,139)
- Tangible fixed assets -€14,565
down €14,565 (-2.4%), from €618,673 to €604,108
- Profit (loss) carried forward +€51,698
up €51,698, from -€10,179 to €41,519
- Debts after one year -€44,744
down €44,744 (-9.6%), from €464,842 to €420,097
- Trade debts +€22,317
up €22,317 (+1,879%), from €1,188 to €23,505
- Gross operating margin +€58,604
up €58,604 (+131%), from €44,813 to €103,417
- Taxes +€14,270
new in 2025: €14,270
- Other operating charges -€3,585
down €3,585 (-80.1%), from €4,475 to €890
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 | €675,654 | €697,880 | +€22,226 | +3.3% |
| Fixed assets | 21/28 | €618,673 | €604,108 | -€14,565 | -2.4% |
| Tangible fixed assets | 22/27 | €618,673 | €604,108 | -€14,565 | -2.4% |
| Land and buildings | 22 | €618,673 | €604,108 | -€14,565 | -2.4% |
| Current assets | 29/58 | €56,981 | €93,773 | +€36,792 | +64.6% |
| Amounts receivable within one year | 40/41 | €23,509 | €44,603 | +€21,094 | +89.7% |
| Trade receivables | 40 | €9,720 | €26,517 | +€16,797 | +173% |
| Other amounts receivable | 41 | €13,789 | €18,086 | +€4,297 | +31.2% |
| Cash at bank and in hand | 54/58 | €2,473 | €22,211 | +€19,738 | +798% |
| Deferred charges and accrued income | 490/1 | €30,999 | €26,958 | -€4,041 | -13.0% |
| Total equity and liabilities | 10/49 | €675,654 | €697,880 | +€22,226 | +3.3% |
| Equity | 10/15 | €154,861 | €206,560 | +€51,698 | +33.4% |
| Contributions | 10/11 | €165,041 | €165,041 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,179 | €41,519 | +€51,698 | |
| Amounts payable | 17/49 | €520,792 | €491,320 | -€29,472 | -5.7% |
| Amounts payable after more than one year | 17 | €464,842 | €420,097 | -€44,744 | -9.6% |
| Financial debts | 170/4 | €464,842 | €420,097 | -€44,744 | -9.6% |
| Amounts payable within one year | 42/48 | €55,951 | €71,223 | +€15,272 | +27.3% |
| Current portion of amounts payable after more than one year | 42 | €44,250 | €44,744 | +€495 | +1.1% |
| Trade debts | 44 | €1,188 | €23,505 | +€22,317 | +1,879% |
| Suppliers | 440/4 | €1,188 | €23,505 | +€22,317 | +1,879% |
| Advances received on contracts in progress | 46 | €2,530 | €0 | -€2,530 | -100% |
| Taxes, remuneration and social security | 45 | - | €173 | +€173 | |
| Taxes | 450/3 | - | €173 | +€173 | |
| Other amounts payable | 47/48 | €7,983 | €2,800 | -€5,183 | -64.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,680 | €29,139 | +€459 | +1.6% |
| Other operating charges | 640/8 | €4,475 | €890 | -€3,585 | -80.1% |
| Gross operating margin | 9900 | €44,813 | €103,417 | +€58,604 | +131% |
| Operating profit (loss) | 9901 | €11,658 | €73,388 | +€61,730 | +530% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €8,201 | €7,420 | -€781 | -9.5% |
| Recurring financial charges | 65 | €8,201 | €7,420 | -€781 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €3,457 | €65,968 | +€62,511 | +1,808% |
| Income taxes | 67/77 | - | €14,270 | +€14,270 | |
| Profit (loss) for the period | 9904 | €3,457 | €51,698 | +€48,241 | +1,395% |
| Profit (loss) for the period to be appropriated | 9905 | €3,457 | €51,698 | +€48,241 | +1,395% |
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 24 October 2026 via checked.be.