SO LOCKS: what changed
Two fiscal 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.
SO LOCKS
Largest movements
- Receivables within one year -€34,260
down €34,260 (-97.2%), from €35,233 to €973
- Cash +€13,872
up €13,872 (+746.2%), from €1,859 to €15,731
mainly Receivables within one year (+€34,260) and Other debts (+€24,818)
- Advances received -€33,998
no longer reported in 2025 (was €33,998)
- Other debts +€24,818
up €24,818 (+323.7%), from €7,668 to €32,486
- Profit (loss) carried forward -€14,835
down €14,835 (-72.8%), from -€20,380 to -€35,215
- Tax, wage and social debts +€8,955
up €8,955 (+67.4%), from €13,278 to €22,234
of which Remuneration and social security: +€6,948
- Trade debts -€3,700
down €3,700 (-55.0%), from €6,732 to €3,032
- Turnover +€65,083
up €65,083 (+106.8%), from €60,961 to €126,045
- Gross operating margin +€48,817
up €48,817, from -€856 to €47,961
- Staff costs +€44,790
up €44,790 (+337.5%), from €13,270 to €58,060
- Purchases and services +€15,703
up €15,703 (+24.9%), from €62,975 to €78,678
- Other operating charges +€1,788
up €1,788 (+144.5%), from €1,238 to €3,026
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.
Cash bridge derived
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 | €45,442 | €25,685 | -€19,757 | -43.5% |
| Fixed assets | 21/28 | €8,351 | €8,722 | +€371 | +4.4% |
| Tangible fixed assets | 22/27 | €851 | €1,222 | +€371 | +43.6% |
| Plant, machinery and equipment | 23 | €317 | €222 | -€95 | -29.9% |
| Furniture and vehicles | 24 | €534 | €1,000 | +€466 | +87.4% |
| Financial fixed assets | 28 | €7,500 | €7,500 | = | 0.0% |
| Current assets | 29/58 | €37,092 | €16,963 | -€20,129 | -54.3% |
| Amounts receivable within one year | 40/41 | €35,233 | €973 | -€34,260 | -97.2% |
| Trade receivables | 40 | €35,233 | €973 | -€34,260 | -97.2% |
| Cash at bank and in hand | 54/58 | €1,859 | €15,731 | +€13,872 | +746.2% |
| Deferred charges and accrued income | 490/1 | - | €259 | +€259 | |
| Total equity and liabilities | 10/49 | €45,442 | €25,685 | -€19,757 | -43.5% |
| Equity | 10/15 | -€17,232 | -€32,067 | -€14,835 | -86.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €2,148 | €2,148 | = | 0.0% |
| Non-distributable reserves | 130/1 | €148 | €148 | = | 0.0% |
| Reserves not available under the articles | 1311 | €148 | €148 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,380 | -€35,215 | -€14,835 | -72.8% |
| Amounts payable | 17/49 | €62,675 | €57,752 | -€4,922 | -7.9% |
| Amounts payable within one year | 42/48 | €62,246 | €57,752 | -€4,494 | -7.2% |
| Financial debts | 43 | €569 | - | -€569 | |
| Credit institutions | 430/8 | €569 | - | -€569 | |
| Trade debts | 44 | €6,732 | €3,032 | -€3,700 | -55.0% |
| Suppliers | 440/4 | €6,732 | €3,032 | -€3,700 | -55.0% |
| Advances received on contracts in progress | 46 | €33,998 | - | -€33,998 | |
| Taxes, remuneration and social security | 45 | €13,278 | €22,234 | +€8,955 | +67.4% |
| Taxes | 450/3 | €11,056 | €13,064 | +€2,008 | +18.2% |
| Remuneration and social security | 454/9 | €2,223 | €9,170 | +€6,948 | +312.6% |
| Other amounts payable | 47/48 | €7,668 | €32,486 | +€24,818 | +323.7% |
| Accrued charges and deferred income | 492/3 | €428 | - | -€428 | |
| Turnover | 70 | €60,961 | €126,045 | +€65,083 | +106.8% |
| Non-recurring operating income | 76A | €121 | €593 | +€472 | +390.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €62,975 | €78,678 | +€15,703 | +24.9% |
| Remuneration, social security and pensions | 62 | €13,270 | €58,060 | +€44,790 | +337.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €288 | €309 | +€21 | +7.2% |
| Other operating charges | 640/8 | €1,238 | €3,026 | +€1,788 | +144.5% |
| Non-recurring operating charges | 66A | - | €832 | +€832 | |
| Gross operating margin | 9900 | -€856 | €47,961 | +€48,817 | |
| Operating profit (loss) | 9901 | -€15,652 | -€14,265 | +€1,386 | +8.9% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €139 | €109 | -€30 | -21.4% |
| Recurring financial charges | 65 | €139 | €109 | -€30 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | -€15,786 | -€14,374 | +€1,411 | +8.9% |
| Income taxes | 67/77 | €0 | €460 | +€460 | +135320.6% |
| Profit (loss) for the period | 9904 | -€15,786 | -€14,835 | +€951 | +6.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,786 | -€14,835 | +€951 | +6.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.