LOCA: 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.
LOCA
Largest movements
- Tangible fixed assets -€6,198
down €6,198 (-6.7%), from €92,005 to €85,807
of which Land and buildings: -€6,126
- Cash -€3,421
down €3,421 (-56.8%), from €6,023 to €2,602
mainly Investment in fixed assets (net) (-€15,066) and Accrued charges and deferred income (-€6,875)
- Receivables within one year +€2,082
up €2,082 (+121%), from €1,717 to €3,799
of which Other amounts receivable: +€3,569
- Accrued charges and deferred income -€6,875
down €6,875 (-23.7%), from €29,027 to €22,152
- Trade debts -€5,104
down €5,104 (-81.0%), from €6,302 to €1,198
- Profit (loss) carried forward +€3,988
up €3,988 (+35.7%), from €11,160 to €15,147
- Tax, wage and social debts -€3,201
down €3,201 (-81.9%), from €3,906 to €705
- Short-term financial debts +€2,083
new in 2025: €2,083
- Gross operating margin +€13,427
up €13,427 (+78.7%), from €17,064 to €30,491
- Depreciation +€10,285
up €10,285 (+93.7%), from €10,979 to €21,264
- Taxes +€626
up €626 (+88.8%), from €705 to €1,331
- Financial income -€493
down €493 (-100.0%), from €493 to €0
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 | €100,231 | €92,658 | -€7,573 | -7.6% |
| Fixed assets | 21/28 | €92,005 | €85,807 | -€6,198 | -6.7% |
| Tangible fixed assets | 22/27 | €92,005 | €85,807 | -€6,198 | -6.7% |
| Land and buildings | 22 | €91,492 | €85,366 | -€6,126 | -6.7% |
| Plant, machinery and equipment | 23 | €512 | €440 | -€72 | -14.0% |
| Current assets | 29/58 | €8,227 | €6,852 | -€1,375 | -16.7% |
| Amounts receivable within one year | 40/41 | €1,717 | €3,799 | +€2,082 | +121% |
| Trade receivables | 40 | €1,617 | €130 | -€1,487 | -92.0% |
| Other amounts receivable | 41 | €100 | €3,669 | +€3,569 | +3,569% |
| Cash at bank and in hand | 54/58 | €6,023 | €2,602 | -€3,421 | -56.8% |
| Deferred charges and accrued income | 490/1 | €487 | €451 | -€36 | -7.4% |
| Total equity and liabilities | 10/49 | €100,231 | €92,658 | -€7,573 | -7.6% |
| Equity | 10/15 | €53,856 | €57,844 | +€3,988 | +7.4% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €11,710 | €11,710 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,960 | €4,960 | = | 0.0% |
| Distributable reserves | 133 | €6,750 | €6,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,160 | €15,147 | +€3,988 | +35.7% |
| Amounts payable | 17/49 | €46,375 | €34,815 | -€11,561 | -24.9% |
| Amounts payable within one year | 42/48 | €17,348 | €12,663 | -€4,685 | -27.0% |
| Financial debts | 43 | - | €2,083 | +€2,083 | |
| Credit institutions | 430/8 | - | €2,083 | +€2,083 | |
| Trade debts | 44 | €6,302 | €1,198 | -€5,104 | -81.0% |
| Suppliers | 440/4 | €6,302 | €1,198 | -€5,104 | -81.0% |
| Taxes, remuneration and social security | 45 | €3,906 | €705 | -€3,201 | -81.9% |
| Taxes | 450/3 | €3,906 | €705 | -€3,201 | -81.9% |
| Other amounts payable | 47/48 | €7,140 | €8,676 | +€1,536 | +21.5% |
| Accrued charges and deferred income | 492/3 | €29,027 | €22,152 | -€6,875 | -23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,979 | €21,264 | +€10,285 | +93.7% |
| Other operating charges | 640/8 | €3,772 | €3,661 | -€111 | -2.9% |
| Gross operating margin | 9900 | €17,064 | €30,491 | +€13,427 | +78.7% |
| Operating profit (loss) | 9901 | €2,313 | €5,566 | +€3,253 | +141% |
| Financial income | 75/76B | €493 | €0 | -€493 | -100.0% |
| Recurring financial income | 75 | €493 | €0 | -€493 | -100.0% |
| Financial charges | 65/66B | €148 | €248 | +€99 | +66.7% |
| Recurring financial charges | 65 | €148 | €248 | +€99 | +66.7% |
| Profit (loss) for the period before taxes | 9903 | €2,657 | €5,319 | +€2,662 | +100% |
| Income taxes | 67/77 | €705 | €1,331 | +€626 | +88.8% |
| Profit (loss) for the period | 9904 | €1,952 | €3,988 | +€2,036 | +104% |
| Profit (loss) for the period to be appropriated | 9905 | €1,952 | €3,988 | +€2,036 | +104% |
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 15 October 2026 via checked.be.