LOCA 24: 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.
LOCA 24
Largest movements
- Receivables within one year +€59,464
new in 2025: €59,464
of which Trade receivables: +€34,464
- Cash +€38,442
up €38,442 (+2312.1%), from €1,663 to €40,105
mainly Net result for the year (+€97,719) and Tax, wage and social debts (+€19,270)
- Intangible fixed assets -€3,764
down €3,764 (-20.0%), from €18,818 to €15,054
- Reserves +€97,719
up €97,719 (+2171.5%), from €4,500 to €102,219
of which Distributable reserves: +€102,219
- Trade debts -€28,001
down €28,001 (-28.9%), from €96,817 to €68,816
- Tax, wage and social debts +€19,270
up €19,270 (+688.8%), from €2,798 to €22,067
of which Taxes: +€20,612
- Other debts +€5,254
up €5,254 (+10.9%), from €48,316 to €53,570
- Gross operating margin +€140,830
up €140,830 (+2195.2%), from €6,415 to €147,245
- Staff costs +€24,844
up €24,844 (+414.5%), from €5,994 to €30,838
- Taxes +€9,772
new in 2025: €9,772
- Depreciation +€2,026
up €2,026 (+116.5%), from €1,738 to €3,764
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 | €20,481 | €114,723 | +€94,242 | +460.2% |
| Fixed assets | 21/28 | €18,818 | €15,054 | -€3,764 | -20.0% |
| Intangible fixed assets | 21 | €18,818 | €15,054 | -€3,764 | -20.0% |
| Current assets | 29/58 | €1,663 | €99,669 | +€98,006 | +5894.7% |
| Amounts receivable within one year | 40/41 | - | €59,464 | +€59,464 | |
| Trade receivables | 40 | - | €34,464 | +€34,464 | |
| Other amounts receivable | 41 | - | €25,000 | +€25,000 | |
| Cash at bank and in hand | 54/58 | €1,663 | €40,105 | +€38,442 | +2312.1% |
| Deferred charges and accrued income | 490/1 | - | €100 | +€100 | |
| Total equity and liabilities | 10/49 | €20,481 | €114,723 | +€94,242 | +460.2% |
| Equity | 10/15 | -€127,450 | -€29,731 | +€97,719 | +76.7% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €4,500 | €102,219 | +€97,719 | +2171.5% |
| Non-distributable reserves | 130/1 | €4,500 | - | -€4,500 | |
| Reserves not available under the articles | 1311 | €4,500 | - | -€4,500 | |
| Distributable reserves | 133 | - | €102,219 | +€102,219 | |
| Profit (loss) carried forward | 14 | -€191,950 | -€191,950 | = | 0.0% |
| Amounts payable | 17/49 | €147,931 | €144,454 | -€3,477 | -2.4% |
| Amounts payable within one year | 42/48 | €147,931 | €144,454 | -€3,477 | -2.4% |
| Trade debts | 44 | €96,817 | €68,816 | -€28,001 | -28.9% |
| Suppliers | 440/4 | €96,817 | €68,816 | -€28,001 | -28.9% |
| Taxes, remuneration and social security | 45 | €2,798 | €22,067 | +€19,270 | +688.8% |
| Taxes | 450/3 | €1,415 | €22,027 | +€20,612 | +1456.8% |
| Remuneration and social security | 454/9 | €1,383 | €40 | -€1,343 | -97.1% |
| Other amounts payable | 47/48 | €48,316 | €53,570 | +€5,254 | +10.9% |
| Remuneration, social security and pensions | 62 | €5,994 | €30,838 | +€24,844 | +414.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,738 | €3,764 | +€2,026 | +116.5% |
| Other operating charges | 640/8 | €216 | €1,275 | +€1,059 | +490.1% |
| Gross operating margin | 9900 | €6,415 | €147,245 | +€140,830 | +2195.2% |
| Operating profit (loss) | 9901 | -€1,532 | €111,369 | +€112,902 | |
| Financial charges | 65/66B | €2,770 | €3,878 | +€1,108 | +40.0% |
| Recurring financial charges | 65 | €2,770 | €3,878 | +€1,108 | +40.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,303 | €107,491 | +€111,794 | |
| Income taxes | 67/77 | - | €9,772 | +€9,772 | |
| Profit (loss) for the period | 9904 | -€4,303 | €97,719 | +€102,022 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,303 | €97,719 | +€102,022 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.