NLOCK-IT: 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.
NLOCK-IT
Largest movements
- Stocks and contracts +€20,078
up €20,078 (+74.2%), from €27,064 to €47,142
- Cash +€18,364
up €18,364 (+166%), from €11,032 to €29,395
mainly Net result for the year (+€59,551) and Other debts (+€17,647)
- Tangible fixed assets +€12,166
up €12,166 (+18.7%), from €65,044 to €77,211
of which Plant, machinery and equipment: +€19,279
- Reserves +€41,904
up €41,904 (+50.1%), from €83,682 to €125,586
- Other debts +€17,647
new in 2025: €17,647
- Tax, wage and social debts -€13,015
down €13,015 (-38.6%), from €33,709 to €20,694
of which Taxes: -€12,515
- Trade debts +€8,045
up €8,045 (+30.2%), from €26,631 to €34,677
- Current portion of long-term debt -€7,652
down €7,652 (-29.4%), from €25,989 to €18,337
- Gross operating margin +€54,582
up €54,582 (+113%), from €48,492 to €103,074
- Taxes +€9,497
up €9,497 (+142%), from €6,707 to €16,205
- Financial charges +€4,477
up €4,477 (+110%), from €4,065 to €8,542
- Depreciation +€4,470
up €4,470 (+36.4%), from €12,280 to €16,750
- Other operating charges +€1,922
up €1,922 (+282%), from €683 to €2,605
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 | €197,262 | €247,788 | +€50,526 | +25.6% |
| Fixed assets | 21/28 | €65,044 | €77,211 | +€12,166 | +18.7% |
| Tangible fixed assets | 22/27 | €65,044 | €77,211 | +€12,166 | +18.7% |
| Plant, machinery and equipment | 23 | €5,694 | €24,972 | +€19,279 | +339% |
| Furniture and vehicles | 24 | €59,351 | €52,238 | -€7,112 | -12.0% |
| Current assets | 29/58 | €132,218 | €170,578 | +€38,360 | +29.0% |
| Stocks and contracts in progress | 3 | €27,064 | €47,142 | +€20,078 | +74.2% |
| Stocks | 30/36 | €27,064 | €47,142 | +€20,078 | +74.2% |
| Amounts receivable within one year | 40/41 | €92,848 | €91,224 | -€1,623 | -1.7% |
| Trade receivables | 40 | €38,602 | €43,927 | +€5,325 | +13.8% |
| Other amounts receivable | 41 | €54,245 | €47,297 | -€6,948 | -12.8% |
| Cash at bank and in hand | 54/58 | €11,032 | €29,395 | +€18,364 | +166% |
| Deferred charges and accrued income | 490/1 | €1,274 | €2,816 | +€1,542 | +121% |
| Total equity and liabilities | 10/49 | €197,262 | €247,788 | +€50,526 | +25.6% |
| Equity | 10/15 | €86,182 | €128,086 | +€41,904 | +48.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €83,682 | €125,586 | +€41,904 | +50.1% |
| Distributable reserves | 133 | €83,682 | €125,586 | +€41,904 | +50.1% |
| Amounts payable | 17/49 | €111,080 | €119,703 | +€8,623 | +7.8% |
| Amounts payable after more than one year | 17 | €24,690 | €28,348 | +€3,658 | +14.8% |
| Financial debts | 170/4 | €24,690 | €28,348 | +€3,658 | +14.8% |
| Amounts payable within one year | 42/48 | €86,329 | €91,355 | +€5,025 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | €25,989 | €18,337 | -€7,652 | -29.4% |
| Trade debts | 44 | €26,631 | €34,677 | +€8,045 | +30.2% |
| Suppliers | 440/4 | €26,631 | €34,677 | +€8,045 | +30.2% |
| Taxes, remuneration and social security | 45 | €33,709 | €20,694 | -€13,015 | -38.6% |
| Taxes | 450/3 | €31,259 | €18,744 | -€12,515 | -40.0% |
| Remuneration and social security | 454/9 | €2,450 | €1,950 | -€500 | -20.4% |
| Other amounts payable | 47/48 | - | €17,647 | +€17,647 | |
| Accrued charges and deferred income | 492/3 | €60 | - | -€60 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,280 | €16,750 | +€4,470 | +36.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,712 | +€1,712 | |
| Other operating charges | 640/8 | €683 | €2,605 | +€1,922 | +282% |
| Gross operating margin | 9900 | €48,492 | €103,074 | +€54,582 | +113% |
| Operating profit (loss) | 9901 | €35,530 | €82,007 | +€46,478 | +131% |
| Financial income | 75/76B | €1,935 | €2,290 | +€356 | +18.4% |
| Recurring financial income | 75 | €1,935 | €2,290 | +€356 | +18.4% |
| Financial charges | 65/66B | €4,065 | €8,542 | +€4,477 | +110% |
| Recurring financial charges | 65 | €4,065 | €8,542 | +€4,477 | +110% |
| Profit (loss) for the period before taxes | 9903 | €33,399 | €75,755 | +€42,356 | +127% |
| Income taxes | 67/77 | €6,707 | €16,205 | +€9,497 | +142% |
| Profit (loss) for the period | 9904 | €26,692 | €59,551 | +€32,859 | +123% |
| Profit (loss) for the period to be appropriated | 9905 | €26,692 | €59,551 | +€32,859 | +123% |
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 31 October 2026 via checked.be.