LOCA - CIRQUE: 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 - CIRQUE
Largest movements
- Receivables within one year -€13,765
down €13,765 (-75.1%), from €18,327 to €4,562
of which Other amounts receivable: -€8,382
- Tangible fixed assets -€6,911
down €6,911 (-6.6%), from €105,034 to €98,122
of which Land and buildings: -€6,715
- Cash +€2,349
up €2,349 (+199.9%), from €1,175 to €3,524
mainly Tax, wage and social debts (+€17,174) and Receivables within one year (+€13,765)
- Profit (loss) carried forward -€18,781
down €18,781 (-29.0%), from -€64,742 to -€83,523
- Tax, wage and social debts +€17,174
up €17,174 (+1373.8%), from €1,250 to €18,424
- Provisions -€12,300
no longer reported in 2025 (was €12,300)
- Current portion of long-term debt -€12,169
no longer reported in 2025 (was €12,169)
- Accrued charges and deferred income +€5,060
up €5,060 (+22214.2%), from €23 to €5,083
- Other operating charges +€47,632
up €47,632 (+828.6%), from €5,749 to €53,380
- Write-downs -€47,356
new in 2025: -€47,356
- Gross operating margin +€6,898
up €6,898 (+200.2%), from €3,445 to €10,344
- Taxes +€2,980
up €2,980 (+24.2%), from €12,308 to €15,287
- Financial income -€418
down €418 (-79.2%), from €528 to €110
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 | €124,889 | €106,208 | -€18,681 | -15.0% |
| Fixed assets | 21/28 | €105,034 | €98,122 | -€6,911 | -6.6% |
| Tangible fixed assets | 22/27 | €105,034 | €98,122 | -€6,911 | -6.6% |
| Land and buildings | 22 | €104,837 | €98,122 | -€6,715 | -6.4% |
| Plant, machinery and equipment | 23 | €197 | - | -€197 | |
| Current assets | 29/58 | €19,855 | €8,086 | -€11,770 | -59.3% |
| Amounts receivable within one year | 40/41 | €18,327 | €4,562 | -€13,765 | -75.1% |
| Trade receivables | 40 | €9,945 | €4,562 | -€5,383 | -54.1% |
| Other amounts receivable | 41 | €8,382 | - | -€8,382 | |
| Cash at bank and in hand | 54/58 | €1,175 | €3,524 | +€2,349 | +199.9% |
| Deferred charges and accrued income | 490/1 | €354 | - | -€354 | |
| Total equity and liabilities | 10/49 | €124,889 | €106,208 | -€18,681 | -15.0% |
| Equity | 10/15 | €93,508 | €74,727 | -€18,781 | -20.1% |
| Contributions | 10/11 | €118,250 | €118,250 | = | 0.0% |
| Reserves | 13 | €40,000 | €40,000 | = | 0.0% |
| Distributable reserves | 133 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,742 | -€83,523 | -€18,781 | -29.0% |
| Provisions and deferred taxes | 16 | €12,300 | - | -€12,300 | |
| Provisions for liabilities and charges | 160/5 | €12,300 | - | -€12,300 | |
| Taxes | 161 | €12,300 | - | -€12,300 | |
| Amounts payable | 17/49 | €19,081 | €31,481 | +€12,400 | +65.0% |
| Amounts payable within one year | 42/48 | €19,058 | €26,398 | +€7,340 | +38.5% |
| Current portion of amounts payable after more than one year | 42 | €12,169 | - | -€12,169 | |
| Trade debts | 44 | €5,579 | €6,727 | +€1,149 | +20.6% |
| Suppliers | 440/4 | €5,579 | €6,727 | +€1,149 | +20.6% |
| Advances received on contracts in progress | 46 | €60 | €60 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,250 | €18,424 | +€17,174 | +1373.8% |
| Taxes | 450/3 | €1,250 | €18,424 | +€17,174 | +1373.8% |
| Other amounts payable | 47/48 | €0 | €1,186 | +€1,186 | +296475.0% |
| Accrued charges and deferred income | 492/3 | €23 | €5,083 | +€5,060 | +22214.2% |
| Non-recurring operating income | 76A | - | €12,169 | +€12,169 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,911 | €6,911 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€47,356 | -€47,356 | |
| Other operating charges | 640/8 | €5,749 | €53,380 | +€47,632 | +828.6% |
| Non-recurring operating charges | 66A | - | €921 | +€921 | |
| Gross operating margin | 9900 | €3,445 | €10,344 | +€6,898 | +200.2% |
| Operating profit (loss) | 9901 | -€9,215 | -€3,513 | +€5,702 | +61.9% |
| Financial income | 75/76B | €528 | €110 | -€418 | -79.2% |
| Recurring financial income | 75 | €528 | €110 | -€418 | -79.2% |
| Financial charges | 65/66B | €111 | €90 | -€20 | -18.5% |
| Recurring financial charges | 65 | €111 | €90 | -€20 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | -€8,798 | -€3,494 | +€5,304 | +60.3% |
| Income taxes | 67/77 | €12,308 | €15,287 | +€2,980 | +24.2% |
| Profit (loss) for the period | 9904 | -€21,105 | -€18,781 | +€2,324 | +11.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,105 | -€18,781 | +€2,324 | +11.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.