LOCA-DEL: 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-DEL
Largest movements
- Tangible fixed assets -€13,020
down €13,020 (-65.7%), from €19,832 to €6,812
of which Furniture and vehicles: -€8,883
- Cash +€9,105
up €9,105 (+17.9%), from €50,857 to €59,962
mainly Investment in fixed assets (net) (+€8,883) and Receivables within one year (+€5,973)
- Receivables within one year -€5,973
down €5,973 (-89.4%), from €6,683 to €711
of which Trade receivables: -€6,683
- Advances received -€4,465
no longer reported in 2025 (was €4,465)
- Current portion of long-term debt -€3,172
down €3,172 (-63.9%), from €4,963 to €1,791
- Reserves +€2,471
up €2,471 (+27.4%), from €9,032 to €11,502
- Debts after one year -€1,906
no longer reported in 2025 (was €1,906)
- Tax, wage and social debts -€1,707
down €1,707 (-66.8%), from €2,556 to €850
- Gross operating margin -€6,153
down €6,153 (-32.7%), from €18,796 to €12,642
- Depreciation -€3,113
down €3,113 (-42.9%), from €7,250 to €4,137
- Taxes -€599
down €599 (-34.6%), from €1,732 to €1,133
- Other operating charges -€517
down €517 (-38.7%), from €1,333 to €817
- Financial charges +€479
up €479 (+236.2%), from €203 to €682
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 | €78,044 | €68,679 | -€9,365 | -12.0% |
| Fixed assets | 21/28 | €19,832 | €6,812 | -€13,020 | -65.7% |
| Tangible fixed assets | 22/27 | €19,832 | €6,812 | -€13,020 | -65.7% |
| Furniture and vehicles | 24 | €8,883 | - | -€8,883 | |
| Leasing and similar rights | 25 | €10,949 | €6,812 | -€4,137 | -37.8% |
| Current assets | 29/58 | €58,212 | €61,867 | +€3,655 | +6.3% |
| Amounts receivable within one year | 40/41 | €6,683 | €711 | -€5,973 | -89.4% |
| Trade receivables | 40 | €6,683 | - | -€6,683 | |
| Other amounts receivable | 41 | - | €711 | +€711 | |
| Cash at bank and in hand | 54/58 | €50,857 | €59,962 | +€9,105 | +17.9% |
| Deferred charges and accrued income | 490/1 | €672 | €1,194 | +€522 | +77.8% |
| Total equity and liabilities | 10/49 | €78,044 | €68,679 | -€9,365 | -12.0% |
| Equity | 10/15 | €63,568 | €66,039 | +€2,471 | +3.9% |
| Contributions | 10/11 | €54,537 | €54,537 | = | 0.0% |
| Reserves | 13 | €9,032 | €11,502 | +€2,471 | +27.4% |
| Distributable reserves | 133 | €9,032 | €11,502 | +€2,471 | +27.4% |
| Amounts payable | 17/49 | €14,476 | €2,640 | -€11,836 | -81.8% |
| Amounts payable after more than one year | 17 | €1,906 | - | -€1,906 | |
| Financial debts | 170/4 | €1,906 | - | -€1,906 | |
| Amounts payable within one year | 42/48 | €12,571 | €2,640 | -€9,930 | -79.0% |
| Current portion of amounts payable after more than one year | 42 | €4,963 | €1,791 | -€3,172 | -63.9% |
| Trade debts | 44 | €587 | - | -€587 | |
| Suppliers | 440/4 | €587 | - | -€587 | |
| Advances received on contracts in progress | 46 | €4,465 | - | -€4,465 | |
| Taxes, remuneration and social security | 45 | €2,556 | €850 | -€1,707 | -66.8% |
| Taxes | 450/3 | €2,556 | €850 | -€1,707 | -66.8% |
| Non-recurring operating income | 76A | €0 | - | -€0 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,250 | €4,137 | -€3,113 | -42.9% |
| Other operating charges | 640/8 | €1,333 | €817 | -€517 | -38.7% |
| Non-recurring operating charges | 66A | €62 | €3,403 | +€3,341 | +5389.3% |
| Gross operating margin | 9900 | €18,796 | €12,642 | -€6,153 | -32.7% |
| Operating profit (loss) | 9901 | €10,151 | €4,285 | -€5,866 | -57.8% |
| Financial charges | 65/66B | €203 | €682 | +€479 | +236.2% |
| Recurring financial charges | 65 | €203 | €682 | +€479 | +236.2% |
| Profit (loss) for the period before taxes | 9903 | €9,948 | €3,603 | -€6,345 | -63.8% |
| Income taxes | 67/77 | €1,732 | €1,133 | -€599 | -34.6% |
| Profit (loss) for the period | 9904 | €8,216 | €2,471 | -€5,745 | -69.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,216 | €2,471 | -€5,745 | -69.9% |
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 8 October 2026 via checked.be.