LOCA-FRO: 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-FRO
Largest movements
- Tangible fixed assets -€20,295
down €20,295 (-15.1%), from €134,522 to €114,227
- Receivables within one year +€11,075
up €11,075 (+207%), from €5,350 to €16,425
of which Other amounts receivable: +€5,722
- Cash -€7,720
down €7,720 (-29.7%), from €25,982 to €18,262
mainly Other debts (-€12,000) and Receivables within one year (-€11,075)
- Stocks and contracts -€6,014
down €6,014 (-21.7%), from €27,757 to €21,743
- Other debts -€12,000
down €12,000 (-85.7%), from €14,000 to €2,000
- Reserves +€10,066
up €10,066 (+15.4%), from €65,377 to €75,443
of which Distributable reserves: +€10,066
- Debts after one year -€8,464
down €8,464 (-13.4%), from €63,166 to €54,702
of which Financial debts: -€7,953
- Tax, wage and social debts -€7,310
down €7,310 (-87.9%), from €8,316 to €1,007
- Current portion of long-term debt -€4,110
down €4,110 (-34.1%), from €12,064 to €7,953
- Gross operating margin -€30,532
down €30,532 (-39.1%), from €77,999 to €47,467
- Depreciation -€4,177
down €4,177 (-13.5%), from €30,848 to €26,671
- Taxes -€3,525
down €3,525 (-43.7%), from €8,067 to €4,542
- Other operating charges -€1,668
down €1,668 (-70.5%), from €2,368 to €700
- Financial charges -€1,448
down €1,448 (-28.4%), from €5,096 to €3,648
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 | €193,611 | €170,907 | -€22,705 | -11.7% |
| Fixed assets | 21/28 | €134,522 | €114,227 | -€20,295 | -15.1% |
| Tangible fixed assets | 22/27 | €134,522 | €114,227 | -€20,295 | -15.1% |
| Plant, machinery and equipment | 23 | €46,034 | €38,887 | -€7,146 | -15.5% |
| Furniture and vehicles | 24 | €19,248 | €11,976 | -€7,272 | -37.8% |
| Other tangible fixed assets | 26 | €69,240 | €63,363 | -€5,877 | -8.5% |
| Current assets | 29/58 | €59,090 | €56,680 | -€2,410 | -4.1% |
| Stocks and contracts in progress | 3 | €27,757 | €21,743 | -€6,014 | -21.7% |
| Stocks | 30/36 | €27,757 | €21,743 | -€6,014 | -21.7% |
| Amounts receivable within one year | 40/41 | €5,350 | €16,425 | +€11,075 | +207% |
| Trade receivables | 40 | €3,392 | €8,745 | +€5,353 | +158% |
| Other amounts receivable | 41 | €1,958 | €7,680 | +€5,722 | +292% |
| Cash at bank and in hand | 54/58 | €25,982 | €18,262 | -€7,720 | -29.7% |
| Deferred charges and accrued income | 490/1 | - | €250 | +€250 | |
| Total equity and liabilities | 10/49 | €193,611 | €170,907 | -€22,705 | -11.7% |
| Equity | 10/15 | €78,397 | €88,463 | +€10,066 | +12.8% |
| Contributions | 10/11 | €13,020 | €13,020 | = | 0.0% |
| Reserves | 13 | €65,377 | €75,443 | +€10,066 | +15.4% |
| Non-distributable reserves | 130/1 | €1,000 | €1,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,000 | €1,000 | = | 0.0% |
| Distributable reserves | 133 | €64,377 | €74,443 | +€10,066 | +15.6% |
| Amounts payable | 17/49 | €115,215 | €82,444 | -€32,771 | -28.4% |
| Amounts payable after more than one year | 17 | €63,166 | €54,702 | -€8,464 | -13.4% |
| Financial debts | 170/4 | €34,317 | €26,363 | -€7,953 | -23.2% |
| Other amounts payable | 178/9 | €28,849 | €28,339 | -€510 | -1.8% |
| Amounts payable within one year | 42/48 | €45,217 | €16,867 | -€28,350 | -62.7% |
| Current portion of amounts payable after more than one year | 42 | €12,064 | €7,953 | -€4,110 | -34.1% |
| Trade debts | 44 | €8,618 | €5,907 | -€2,711 | -31.5% |
| Suppliers | 440/4 | €8,618 | €5,907 | -€2,711 | -31.5% |
| Advances received on contracts in progress | 46 | €2,219 | - | -€2,219 | |
| Taxes, remuneration and social security | 45 | €8,316 | €1,007 | -€7,310 | -87.9% |
| Taxes | 450/3 | €8,316 | €1,007 | -€7,310 | -87.9% |
| Other amounts payable | 47/48 | €14,000 | €2,000 | -€12,000 | -85.7% |
| Accrued charges and deferred income | 492/3 | €6,832 | €10,875 | +€4,043 | +59.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,848 | €26,671 | -€4,177 | -13.5% |
| Other operating charges | 640/8 | €2,368 | €700 | -€1,668 | -70.5% |
| Gross operating margin | 9900 | €77,999 | €47,467 | -€30,532 | -39.1% |
| Operating profit (loss) | 9901 | €44,783 | €20,096 | -€24,687 | -55.1% |
| Financial income | 75/76B | €1 | €160 | +€158 | +13,654% |
| Recurring financial income | 75 | €1 | €160 | +€158 | +13,654% |
| Financial charges | 65/66B | €5,096 | €3,648 | -€1,448 | -28.4% |
| Recurring financial charges | 65 | €5,096 | €3,648 | -€1,448 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | €39,688 | €16,608 | -€23,080 | -58.2% |
| Income taxes | 67/77 | €8,067 | €4,542 | -€3,525 | -43.7% |
| Profit (loss) for the period | 9904 | €31,622 | €12,066 | -€19,555 | -61.8% |
| Profit (loss) for the period to be appropriated | 9905 | €31,622 | €12,066 | -€19,555 | -61.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.