LOCA-CHARIOT: 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-CHARIOT
Largest movements
- Stocks and contracts +€276,430
up €276,430 (+22.4%), from €1.2m to €1.5m
- Cash +€116,962
up €116,962 (+174%), from €67,369 to €184,330
mainly Other debts (+€284,036) and Net result for the year (+€258,378)
- Tangible fixed assets -€89,556
down €89,556 (-11.9%), from €753,205 to €663,650
of which Plant, machinery and equipment: -€74,395
- Other debts +€284,036
up €284,036 (+3,079%), from €9,225 to €293,261
- Reserves -€99,566
down €99,566 (-5.4%), from €1.9m to €1.8m
of which Distributable reserves: -€99,566
- Profit (loss) carried forward +€58,378
up €58,378, from €0 to €58,378
- Tax, wage and social debts +€44,642
up €44,642 (+423%), from €10,545 to €55,186
of which Taxes: +€44,498
- Debts after one year -€35,338
down €35,338 (-9.4%), from €377,940 to €342,602
- Gross operating margin +€142,113
up €142,113 (+23.3%), from €609,890 to €752,003
- Depreciation +€24,164
up €24,164 (+19.0%), from €127,179 to €151,343
- Taxes +€19,681
up €19,681 (+21.8%), from €90,086 to €109,767
- Staff costs +€17,884
up €17,884 (+12.8%), from €139,883 to €157,767
- Write-downs +€15,341
up €15,341 (+35.1%), from €43,749 to €59,090
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 | €2,396,146 | €2,713,202 | +€317,056 | +13.2% |
| Fixed assets | 21/28 | €755,053 | €666,634 | -€88,419 | -11.7% |
| Intangible fixed assets | 21 | €1,847 | €2,984 | +€1,137 | +61.6% |
| Tangible fixed assets | 22/27 | €753,205 | €663,650 | -€89,556 | -11.9% |
| Land and buildings | 22 | €464,203 | €431,965 | -€32,238 | -6.9% |
| Plant, machinery and equipment | 23 | €262,576 | €188,181 | -€74,395 | -28.3% |
| Furniture and vehicles | 24 | €26,284 | €43,504 | +€17,219 | +65.5% |
| Other tangible fixed assets | 26 | €142 | - | -€142 | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €1,641,093 | €2,046,568 | +€405,475 | +24.7% |
| Stocks and contracts in progress | 3 | €1,231,580 | €1,508,010 | +€276,430 | +22.4% |
| Stocks | 30/36 | €1,231,580 | €1,508,010 | +€276,430 | +22.4% |
| Amounts receivable within one year | 40/41 | €184,507 | €179,053 | -€5,454 | -3.0% |
| Trade receivables | 40 | €156,581 | €173,383 | +€16,801 | +10.7% |
| Other amounts receivable | 41 | €27,925 | €5,670 | -€22,255 | -79.7% |
| Current investments | 50/53 | €145,174 | €168,830 | +€23,656 | +16.3% |
| Cash at bank and in hand | 54/58 | €67,369 | €184,330 | +€116,962 | +174% |
| Deferred charges and accrued income | 490/1 | €12,464 | €6,345 | -€6,119 | -49.1% |
| Total equity and liabilities | 10/49 | €2,396,146 | €2,713,202 | +€317,056 | +13.2% |
| Equity | 10/15 | €1,880,951 | €1,865,751 | -€15,200 | -0.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €1,855,951 | €1,756,385 | -€99,566 | -5.4% |
| Non-distributable reserves | 130/1 | €3,700 | €3,700 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,700 | €3,700 | = | 0.0% |
| Distributable reserves | 133 | €1,852,251 | €1,752,685 | -€99,566 | -5.4% |
| Profit (loss) carried forward | 14 | €0 | €58,378 | +€58,378 | |
| Investment grants | 15 | - | €25,988 | +€25,988 | |
| Amounts payable | 17/49 | €515,195 | €847,452 | +€332,256 | +64.5% |
| Amounts payable after more than one year | 17 | €377,940 | €342,602 | -€35,338 | -9.4% |
| Financial debts | 170/4 | €377,940 | €342,602 | -€35,338 | -9.4% |
| Amounts payable within one year | 42/48 | €132,908 | €504,786 | +€371,878 | +280% |
| Current portion of amounts payable after more than one year | 42 | €48,746 | €61,168 | +€12,422 | +25.5% |
| Trade debts | 44 | €64,393 | €80,427 | +€16,034 | +24.9% |
| Suppliers | 440/4 | €64,393 | €80,427 | +€16,034 | +24.9% |
| Advances received on contracts in progress | 46 | - | €14,744 | +€14,744 | |
| Taxes, remuneration and social security | 45 | €10,545 | €55,186 | +€44,642 | +423% |
| Taxes | 450/3 | €2,445 | €46,942 | +€44,498 | +1,820% |
| Remuneration and social security | 454/9 | €8,100 | €8,244 | +€144 | +1.8% |
| Other amounts payable | 47/48 | €9,225 | €293,261 | +€284,036 | +3,079% |
| Accrued charges and deferred income | 492/3 | €4,347 | €63 | -€4,284 | -98.5% |
| Non-recurring operating income | 76A | €0 | €35,588 | +€35,588 | |
| Remuneration, social security and pensions | 62 | €139,883 | €157,767 | +€17,884 | +12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €127,179 | €151,343 | +€24,164 | +19.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €43,749 | €59,090 | +€15,341 | +35.1% |
| Other operating charges | 640/8 | €6,009 | €7,464 | +€1,455 | +24.2% |
| Non-recurring operating charges | 66A | €0 | €1,014 | +€1,014 | |
| Gross operating margin | 9900 | €609,890 | €752,003 | +€142,113 | +23.3% |
| Operating profit (loss) | 9901 | €293,070 | €375,325 | +€82,255 | +28.1% |
| Financial income | 75/76B | €34 | €1,775 | +€1,741 | +5,099% |
| Recurring financial income | 75 | €34 | €1,775 | +€1,741 | +5,099% |
| Financial charges | 65/66B | €7,646 | €8,954 | +€1,308 | +17.1% |
| Recurring financial charges | 65 | €7,646 | €6,790 | -€856 | -11.2% |
| Non-recurring financial charges | 66B | - | €2,165 | +€2,165 | |
| Profit (loss) for the period before taxes | 9903 | €285,458 | €368,146 | +€82,688 | +29.0% |
| Income taxes | 67/77 | €90,086 | €109,767 | +€19,681 | +21.8% |
| Profit (loss) for the period | 9904 | €195,371 | €258,378 | +€63,007 | +32.2% |
| Profit (loss) for the period to be appropriated | 9905 | €195,371 | €258,378 | +€63,007 | +32.2% |
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 21 October 2026 via checked.be.