RC TOP LOKEREN: 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.
What changed
RC TOP LOKEREN
NACE 38.110, Waste collection, recovery and disposal activities
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€134,170
2025 · €51,724+€82,447
Equity
€1.5m
2025 · €1.4m+€134,170
Cash
€67,398
2025 · €8,177+€59,220
Balance sheet total
€4.9m
2025 · €4.4m+€475,003
Largest movements
Assets
- Tangible fixed assets +€327,646
up €327,646 (+8.6%), from €3.8m to €4.2m
of which Land and buildings: +€350,210
- Stocks and contracts +€68,655
up €68,655 (+414%), from €16,573 to €85,228
- Cash +€59,220
up €59,220 (+724%), from €8,177 to €67,398
mainly Other debts (+€332,747) and Depreciation (+€156,690)
Equity and liabilities
- Other debts +€332,747
up €332,747 (+142%), from €233,592 to €566,338
- Reserves +€154,710
up €154,710 (+18.5%), from €835,917 to €990,627
of which Tax-exempt reserves: +€154,710
- Trade debts -€128,132
down €128,132 (-49.7%), from €257,780 to €129,648
- Debts after one year +€100,198
up €100,198 (+4.8%), from €2.1m to €2.2m
- Provisions +€51,570
up €51,570 (+39.7%), from €129,893 to €181,463
Income statement
- Gross operating margin +€117,907
up €117,907 (+24.5%), from €481,376 to €599,283
- Other operating charges +€33,467
up €33,467 (+234%), from €14,273 to €47,740
- Depreciation -€25,203
down €25,203 (-13.9%), from €181,893 to €156,690
- Taxes -€21,364
down €21,364 (-98.9%), from €21,598 to €233
- Financial charges +€12,779
up €12,779 (+22.7%), from €56,218 to €68,997
From the 2025 result to the 2026 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.
Result 2025
€51,724
Gross operating margin
+€117,907
Staff costs
+€5,521
Depreciation
+€25,203
Write-downs
+€11,949
Other operating charges
-€33,467
Financial income
+€248
Financial charges
-€12,779
Taxes
+€21,364
Deferred taxes and other
-€53,499
Result 2026
€134,170
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€468,204
Investment
-€484,836
Financing
+€75,853
Cash 2025
€8,177
From operations (derived)
+€468,204
Net result for the year
+€134,170
Depreciation
+€156,690
Stocks and contracts
-€68,655
Receivables within one year
-€24,001
Deferred charges and accrued income
+€5,020
Provisions
+€51,570
Trade debts
-€128,132
Tax, wage and social debts
+€7,265
Other debts
+€332,747
Accrued charges and deferred income
+€1,531
Investment (derived)
-€484,836
Investment in fixed assets (net)
-€484,836
Financing
+€75,853
Debts after one year
+€100,198
Current portion of long-term debt
+€10,610
Short-term financial debts
-€34,956
Cash 2026
€67,398
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,417,446 | €4,892,449 | +€475,003 | +10.8% |
| Fixed assets | 21/28 | €3,826,150 | €4,154,296 | +€328,146 | +8.6% |
| Tangible fixed assets | 22/27 | €3,826,150 | €4,153,796 | +€327,646 | +8.6% |
| Land and buildings | 22 | €3,698,975 | €4,049,185 | +€350,210 | +9.5% |
| Plant, machinery and equipment | 23 | €91,946 | €79,070 | -€12,877 | -14.0% |
| Leasing and similar rights | 25 | €35,229 | €25,542 | -€9,687 | -27.5% |
| Financial fixed assets | 28 | - | €500 | +€500 | |
| Current assets | 29/58 | €591,295 | €738,152 | +€146,857 | +24.8% |
| Stocks and contracts in progress | 3 | €16,573 | €85,228 | +€68,655 | +414% |
| Stocks | 30/36 | €16,573 | €85,228 | +€68,655 | +414% |
| Amounts receivable within one year | 40/41 | €551,949 | €575,950 | +€24,001 | +4.3% |
| Trade receivables | 40 | €332,228 | €201,619 | -€130,608 | -39.3% |
| Other amounts receivable | 41 | €219,721 | €374,331 | +€154,610 | +70.4% |
| Cash at bank and in hand | 54/58 | €8,177 | €67,398 | +€59,220 | +724% |
| Deferred charges and accrued income | 490/1 | €14,596 | €9,576 | -€5,020 | -34.4% |
| Total equity and liabilities | 10/49 | €4,417,446 | €4,892,449 | +€475,003 | +10.8% |
| Equity | 10/15 | €1,393,902 | €1,528,072 | +€134,170 | +9.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €835,917 | €990,627 | +€154,710 | +18.5% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €389,679 | €544,389 | +€154,710 | +39.7% |
| Distributable reserves | 133 | €444,238 | €444,238 | = | 0.0% |
| Profit (loss) carried forward | 14 | €537,985 | €517,445 | -€20,540 | -3.8% |
| Provisions and deferred taxes | 16 | €129,893 | €181,463 | +€51,570 | +39.7% |
| Deferred taxes | 168 | €129,893 | €181,463 | +€51,570 | +39.7% |
| Amounts payable | 17/49 | €2,893,651 | €3,182,914 | +€289,263 | +10.0% |
| Amounts payable after more than one year | 17 | €2,102,399 | €2,202,597 | +€100,198 | +4.8% |
| Financial debts | 170/4 | €2,102,399 | €2,202,597 | +€100,198 | +4.8% |
| Amounts payable within one year | 42/48 | €783,752 | €971,286 | +€187,534 | +23.9% |
| Current portion of amounts payable after more than one year | 42 | €254,401 | €265,012 | +€10,610 | +4.2% |
| Financial debts | 43 | €34,956 | €0 | -€34,956 | -100% |
| Other loans | 439 | €34,956 | €0 | -€34,956 | -100% |
| Trade debts | 44 | €257,780 | €129,648 | -€128,132 | -49.7% |
| Suppliers | 440/4 | €257,780 | €129,648 | -€128,132 | -49.7% |
| Taxes, remuneration and social security | 45 | €3,024 | €10,289 | +€7,265 | +240% |
| Taxes | 450/3 | €540 | €9,362 | +€8,822 | +1,634% |
| Remuneration and social security | 454/9 | €2,484 | €926 | -€1,557 | -62.7% |
| Other amounts payable | 47/48 | €233,592 | €566,338 | +€332,747 | +142% |
| Accrued charges and deferred income | 492/3 | €7,500 | €9,031 | +€1,531 | +20.4% |
| Non-recurring operating income | 76A | €0 | €242,613 | +€242,613 | |
| Remuneration, social security and pensions | 62 | €146,169 | €140,649 | -€5,521 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €181,893 | €156,690 | -€25,203 | -13.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,949 | €0 | -€11,949 | -100% |
| Other operating charges | 640/8 | €14,273 | €47,740 | +€33,467 | +234% |
| Gross operating margin | 9900 | €481,376 | €599,283 | +€117,907 | +24.5% |
| Operating profit (loss) | 9901 | €127,092 | €254,204 | +€127,112 | +100% |
| Financial income | 75/76B | €518 | €766 | +€248 | +48.0% |
| Recurring financial income | 75 | €518 | €766 | +€248 | +48.0% |
| Financial charges | 65/66B | €56,218 | €68,997 | +€12,779 | +22.7% |
| Recurring financial charges | 65 | €56,218 | €68,997 | +€12,779 | +22.7% |
| Profit (loss) for the period before taxes | 9903 | €71,392 | €185,973 | +€114,582 | +160% |
| Transfer from deferred taxes | 780 | €1,929 | €9,083 | +€7,154 | +371% |
| Transfer to deferred taxes | 680 | €0 | €60,653 | +€60,653 | |
| Income taxes | 67/77 | €21,598 | €233 | -€21,364 | -98.9% |
| Profit (loss) for the period | 9904 | €51,724 | €134,170 | +€82,447 | +159% |
| Transfer from tax-exempt reserves | 789 | €5,788 | €27,250 | +€21,462 | +371% |
| Transfer to tax-exempt reserves | 689 | €0 | €181,960 | +€181,960 | |
| Profit (loss) for the period to be appropriated | 9905 | €57,512 | -€20,540 | -€78,052 |
Source: filed annual accounts (NBB), financial years ended 28 February 2025 and 28 February 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.