L.O.C.U.S.: 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.
L.O.C.U.S.
Largest movements
- Cash -€125,942
down €125,942 (-99.9%), from €126,109 to €167
mainly Receivables within one year (-€124,182) and Net result for the year (-€1,373)
- Receivables within one year +€124,182
up €124,182 (+32.3%), from €384,718 to €508,900
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€42,669
down €42,669, from €42,553 to -€117
- Taxes -€10,921
no longer reported in 2025 (was €10,921)
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 | €522,699 | €520,939 | -€1,761 | -0.3% |
| Current assets | 29/58 | €522,699 | €520,939 | -€1,761 | -0.3% |
| Stocks and contracts in progress | 3 | €11,872 | €11,872 | = | 0.0% |
| Stocks | 30/36 | €11,872 | €11,872 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €384,718 | €508,900 | +€124,182 | +32.3% |
| Other amounts receivable | 41 | €384,718 | €508,900 | +€124,182 | +32.3% |
| Cash at bank and in hand | 54/58 | €126,109 | €167 | -€125,942 | -99.9% |
| Total equity and liabilities | 10/49 | €522,699 | €520,939 | -€1,761 | -0.3% |
| Equity | 10/15 | €486,788 | €485,414 | -€1,373 | -0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €468,188 | €466,814 | -€1,373 | -0.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €466,328 | €464,954 | -€1,373 | -0.3% |
| Amounts payable | 17/49 | €35,912 | €35,524 | -€387 | -1.1% |
| Amounts payable within one year | 42/48 | €35,912 | €35,524 | -€387 | -1.1% |
| Trade debts | 44 | €24,990 | €24,603 | -€387 | -1.5% |
| Suppliers | 440/4 | €24,990 | €24,603 | -€387 | -1.5% |
| Taxes, remuneration and social security | 45 | €10,921 | €10,921 | = | 0.0% |
| Taxes | 450/3 | €10,921 | €10,921 | = | 0.0% |
| Other operating charges | 640/8 | €528 | €931 | +€403 | +76.4% |
| Gross operating margin | 9900 | €42,553 | -€117 | -€42,669 | |
| Operating profit (loss) | 9901 | €42,025 | -€1,048 | -€43,073 | |
| Financial charges | 65/66B | €268 | €325 | +€57 | +21.4% |
| Recurring financial charges | 65 | €268 | €325 | +€57 | +21.4% |
| Profit (loss) for the period before taxes | 9903 | €41,757 | -€1,373 | -€43,130 | |
| Income taxes | 67/77 | €10,921 | - | -€10,921 | |
| Profit (loss) for the period | 9904 | €30,835 | -€1,373 | -€32,209 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,835 | -€1,373 | -€32,209 |
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.