LOCA COPY: 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 COPY
Largest movements
- Stocks and contracts -€3,585
down €3,585 (-70.2%), from €5,109 to €1,525
- Receivables within one year -€1,898
down €1,898 (-30.8%), from €6,162 to €4,265
- Cash -€884
down €884 (-12.7%), from €6,984 to €6,099
mainly Tax, wage and social debts (-€3,712) and Trade debts (-€3,623)
- Tangible fixed assets -€504
down €504 (-18.8%), from €2,676 to €2,172
- Tax, wage and social debts -€3,712
down €3,712 (-14.5%), from €25,683 to €21,971
of which Remuneration and social security: -€2,160
- Trade debts -€3,623
down €3,623 (-56.6%), from €6,397 to €2,774
- Profit (loss) carried forward +€1,037
up €1,037 (+2.0%), from -€52,715 to -€51,677
- Other debts -€573
down €573 (-55.3%), from €1,036 to €462
- Gross operating margin +€13,717
up €13,717 (+107.6%), from €12,747 to €26,464
- Staff costs +€11,341
up €11,341 (+108.1%), from €10,489 to €21,830
- Other operating charges -€2,635
down €2,635 (-70.3%), from €3,747 to €1,113
- Depreciation +€917
up €917 (+117.7%), from €779 to €1,697
- Financial charges +€408
up €408 (+107.6%), from €380 to €788
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 | €21,303 | €14,433 | -€6,871 | -32.3% |
| Fixed assets | 21/28 | €3,048 | €2,544 | -€504 | -16.5% |
| Tangible fixed assets | 22/27 | €2,676 | €2,172 | -€504 | -18.8% |
| Furniture and vehicles | 24 | €2,676 | €2,172 | -€504 | -18.8% |
| Financial fixed assets | 28 | €372 | €372 | = | 0.0% |
| Current assets | 29/58 | €18,255 | €11,889 | -€6,367 | -34.9% |
| Stocks and contracts in progress | 3 | €5,109 | €1,525 | -€3,585 | -70.2% |
| Stocks | 30/36 | €5,109 | €1,525 | -€3,585 | -70.2% |
| Amounts receivable within one year | 40/41 | €6,162 | €4,265 | -€1,898 | -30.8% |
| Trade receivables | 40 | €6,162 | €4,265 | -€1,898 | -30.8% |
| Cash at bank and in hand | 54/58 | €6,984 | €6,099 | -€884 | -12.7% |
| Total equity and liabilities | 10/49 | €21,303 | €14,433 | -€6,871 | -32.3% |
| Equity | 10/15 | -€11,812 | -€10,775 | +€1,037 | +8.8% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €3,718 | €3,718 | = | 0.0% |
| Distributable reserves | 133 | €3,718 | €3,718 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,715 | -€51,677 | +€1,037 | +2.0% |
| Amounts payable | 17/49 | €33,115 | €25,207 | -€7,908 | -23.9% |
| Amounts payable within one year | 42/48 | €33,115 | €25,207 | -€7,908 | -23.9% |
| Trade debts | 44 | €6,397 | €2,774 | -€3,623 | -56.6% |
| Suppliers | 440/4 | €6,397 | €2,774 | -€3,623 | -56.6% |
| Taxes, remuneration and social security | 45 | €25,683 | €21,971 | -€3,712 | -14.5% |
| Taxes | 450/3 | €5,186 | €3,634 | -€1,552 | -29.9% |
| Remuneration and social security | 454/9 | €20,497 | €18,337 | -€2,160 | -10.5% |
| Other amounts payable | 47/48 | €1,036 | €462 | -€573 | -55.3% |
| Remuneration, social security and pensions | 62 | €10,489 | €21,830 | +€11,341 | +108.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €779 | €1,697 | +€917 | +117.7% |
| Other operating charges | 640/8 | €3,747 | €1,113 | -€2,635 | -70.3% |
| Gross operating margin | 9900 | €12,747 | €26,464 | +€13,717 | +107.6% |
| Operating profit (loss) | 9901 | -€2,269 | €1,825 | +€4,094 | |
| Financial charges | 65/66B | €380 | €788 | +€408 | +107.6% |
| Recurring financial charges | 65 | €380 | €788 | +€408 | +107.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,648 | €1,037 | +€3,686 | |
| Profit (loss) for the period | 9904 | -€2,648 | €1,037 | +€3,686 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,648 | €1,037 | +€3,686 |
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 2 October 2026 via checked.be.