LOCA MAX'S: 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 MAX'S
Largest movements
- Receivables within one year +€8,114
up €8,114 (+3.9%), from €209,208 to €217,322
of which Trade receivables: +€41,685
- Cash -€4,479
down €4,479 (-99.9%), from €4,484 to €5
mainly Contributions, distributions and other (-€20,000) and Investment in fixed assets (net) (-€12,131)
- Trade debts +€6,345
up €6,345 (+13.6%), from €46,722 to €53,067
- Reserves -€4,194
down €4,194 (-5.4%), from €77,781 to €73,587
of which Tax-exempt reserves: -€4,194
- Purchases and services -€7,431
down €7,431 (-26.5%), from €28,064 to €20,633
- Turnover -€6,270
down €6,270 (-10.6%), from €58,878 to €52,607
- Gross operating margin -€4,771
down €4,771 (-13.0%), from €36,746 to €31,974
- Other operating charges -€3,391
down €3,391 (-43.9%), from €7,728 to €4,336
- Financial income +€1,577
up €1,577 (+2,469%), from €64 to €1,641
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 | €361,150 | €364,293 | +€3,143 | +0.9% |
| Fixed assets | 21/28 | €147,459 | €146,966 | -€492 | -0.3% |
| Tangible fixed assets | 22/27 | €147,119 | €146,626 | -€492 | -0.3% |
| Land and buildings | 22 | €127,430 | €130,754 | +€3,325 | +2.6% |
| Plant, machinery and equipment | 23 | €15,080 | €14,146 | -€934 | -6.2% |
| Furniture and vehicles | 24 | €4,608 | €1,726 | -€2,883 | -62.6% |
| Financial fixed assets | 28 | €340 | €340 | = | 0.0% |
| Current assets | 29/58 | €213,692 | €217,327 | +€3,635 | +1.7% |
| Amounts receivable within one year | 40/41 | €209,208 | €217,322 | +€8,114 | +3.9% |
| Trade receivables | 40 | €4,609 | €46,294 | +€41,685 | +904% |
| Other amounts receivable | 41 | €204,599 | €171,028 | -€33,571 | -16.4% |
| Cash at bank and in hand | 54/58 | €4,484 | €5 | -€4,479 | -99.9% |
| Total equity and liabilities | 10/49 | €361,150 | €364,293 | +€3,143 | +0.9% |
| Equity | 10/15 | €280,794 | €277,289 | -€3,505 | -1.2% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €77,781 | €73,587 | -€4,194 | -5.4% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,437 | €7,437 | = | 0.0% |
| Tax-exempt reserves | 132 | €39,047 | €34,854 | -€4,194 | -10.7% |
| Distributable reserves | 133 | €31,296 | €31,296 | = | 0.0% |
| Profit (loss) carried forward | 14 | €128,646 | €129,334 | +€688 | +0.5% |
| Provisions and deferred taxes | 16 | €12,517 | €11,201 | -€1,316 | -10.5% |
| Deferred taxes | 168 | €12,517 | €11,201 | -€1,316 | -10.5% |
| Amounts payable | 17/49 | €67,839 | €75,803 | +€7,964 | +11.7% |
| Amounts payable within one year | 42/48 | €67,839 | €75,803 | +€7,964 | +11.7% |
| Financial debts | 43 | - | €590 | +€590 | |
| Credit institutions | 430/8 | - | €590 | +€590 | |
| Trade debts | 44 | €46,722 | €53,067 | +€6,345 | +13.6% |
| Suppliers | 440/4 | €46,722 | €53,067 | +€6,345 | +13.6% |
| Taxes, remuneration and social security | 45 | €824 | €1,768 | +€944 | +115% |
| Taxes | 450/3 | €824 | €1,768 | +€944 | +115% |
| Other amounts payable | 47/48 | €20,292 | €20,377 | +€85 | +0.4% |
| Turnover | 70 | €58,878 | €52,607 | -€6,270 | -10.6% |
| Non-recurring operating income | 76A | €2,048 | - | -€2,048 | |
| Goods, raw materials, services and sundry goods | 60/61 | €28,064 | €20,633 | -€7,431 | -26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,787 | €12,623 | -€163 | -1.3% |
| Other operating charges | 640/8 | €7,728 | €4,336 | -€3,391 | -43.9% |
| Gross operating margin | 9900 | €36,746 | €31,974 | -€4,771 | -13.0% |
| Operating profit (loss) | 9901 | €16,232 | €15,015 | -€1,217 | -7.5% |
| Financial income | 75/76B | €64 | €1,641 | +€1,577 | +2,469% |
| Recurring financial income | 75 | €64 | €1,641 | +€1,577 | +2,469% |
| Financial charges | 65/66B | €2,346 | €1,478 | -€868 | -37.0% |
| Recurring financial charges | 65 | €2,346 | €1,478 | -€868 | -37.0% |
| Profit (loss) for the period before taxes | 9903 | €13,950 | €15,178 | +€1,229 | +8.8% |
| Transfer from deferred taxes | 780 | €1,790 | €1,316 | -€474 | -26.5% |
| Income taxes | 67/77 | €124 | - | -€124 | |
| Profit (loss) for the period | 9904 | €15,615 | €16,495 | +€879 | +5.6% |
| Transfer from tax-exempt reserves | 789 | €5,553 | €4,194 | -€1,360 | -24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €21,169 | €20,688 | -€481 | -2.3% |
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 14 October 2026 via checked.be.