The Lock: 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.
The Lock
Largest movements
- Cash -€4,616
down €4,616 (-50.0%), from €9,233 to €4,617
mainly Net result for the year (-€6,078) and Receivables within one year (-€1,678)
- Receivables within one year +€1,678
up €1,678 (+48.8%), from €3,440 to €5,118
of which Trade receivables: +€2,255
- Tangible fixed assets -€663
down €663 (-22.3%), from €2,966 to €2,303
of which Plant, machinery and equipment: -€359
- Profit (loss) carried forward -€6,078
down €6,078 (-53.2%), from -€11,418 to -€17,496
- Trade debts +€2,434
up €2,434 (+2969.5%), from €82 to €2,516
- Gross operating margin -€9,440
down €9,440, from €5,546 to -€3,894
- Other operating charges +€401
up €401 (+76.2%), from €526 to €927
- Depreciation -€295
down €295 (-20.2%), from €1,458 to €1,163
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 | €18,664 | €15,045 | -€3,620 | -19.4% |
| Fixed assets | 21/28 | €5,973 | €5,310 | -€663 | -11.1% |
| Tangible fixed assets | 22/27 | €2,966 | €2,303 | -€663 | -22.3% |
| Plant, machinery and equipment | 23 | €749 | €390 | -€359 | -47.9% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €2,217 | €1,913 | -€304 | -13.7% |
| Financial fixed assets | 28 | €3,007 | €3,007 | = | 0.0% |
| Current assets | 29/58 | €12,691 | €9,734 | -€2,957 | -23.3% |
| Amounts receivable within one year | 40/41 | €3,440 | €5,118 | +€1,678 | +48.8% |
| Trade receivables | 40 | €1,586 | €3,841 | +€2,255 | +142.2% |
| Other amounts receivable | 41 | €1,854 | €1,277 | -€577 | -31.1% |
| Cash at bank and in hand | 54/58 | €9,233 | €4,617 | -€4,616 | -50.0% |
| Deferred charges and accrued income | 490/1 | €18 | - | -€18 | |
| Total equity and liabilities | 10/49 | €18,664 | €15,045 | -€3,620 | -19.4% |
| Equity | 10/15 | €18,582 | €12,504 | -€6,078 | -32.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,418 | -€17,496 | -€6,078 | -53.2% |
| Amounts payable | 17/49 | €82 | €2,540 | +€2,458 | +2999.2% |
| Amounts payable within one year | 42/48 | €82 | €2,540 | +€2,458 | +2999.2% |
| Trade debts | 44 | €82 | €2,516 | +€2,434 | +2969.5% |
| Suppliers | 440/4 | €82 | €2,516 | +€2,434 | +2969.5% |
| Taxes, remuneration and social security | 45 | - | €24 | +€24 | |
| Taxes | 450/3 | - | €24 | +€24 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,458 | €1,163 | -€295 | -20.2% |
| Other operating charges | 640/8 | €526 | €927 | +€401 | +76.2% |
| Gross operating margin | 9900 | €5,546 | -€3,894 | -€9,440 | |
| Operating profit (loss) | 9901 | €3,562 | -€5,984 | -€9,546 | |
| Financial income | 75/76B | €62 | €60 | -€1 | -1.8% |
| Recurring financial income | 75 | €62 | €60 | -€1 | -1.8% |
| Financial charges | 65/66B | €157 | €154 | -€3 | -2.0% |
| Recurring financial charges | 65 | €157 | €154 | -€3 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | €3,466 | -€6,078 | -€9,544 | |
| Profit (loss) for the period | 9904 | €3,466 | -€6,078 | -€9,544 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,466 | -€6,078 | -€9,544 |
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 12 October 2026 via checked.be.