LOCA-NOVA: 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-NOVA
Largest movements
- Tangible fixed assets -€17,202
down €17,202 (-6.8%), from €252,567 to €235,365
of which Other tangible fixed assets: -€21,432
- Receivables within one year +€7,127
up €7,127 (+348.7%), from €2,044 to €9,170
of which Other amounts receivable: +€5,243
- Formation expenses -€4,002
down €4,002 (-53.5%), from €7,482 to €3,479
- Trade debts -€17,612
down €17,612 (-45.1%), from €39,017 to €21,404
- Profit (loss) carried forward +€16,194
up €16,194 (+25.1%), from -€64,620 to -€48,426
- Current portion of long-term debt -€14,432
down €14,432 (-24.2%), from €59,613 to €45,181
- Debts after one year +€5,568
up €5,568 (+1.9%), from €287,189 to €292,758
- Gross operating margin -€12,620
down €12,620 (-9.4%), from €134,135 to €121,515
- Staff costs -€9,590
down €9,590 (-14.1%), from €68,251 to €58,661
- Depreciation -€2,562
down €2,562 (-6.6%), from €38,689 to €36,127
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 | €349,504 | €335,987 | -€13,516 | -3.9% |
| Formation expenses | 20 | €7,482 | €3,479 | -€4,002 | -53.5% |
| Fixed assets | 21/28 | €256,103 | €237,293 | -€18,809 | -7.3% |
| Tangible fixed assets | 22/27 | €252,567 | €235,365 | -€17,202 | -6.8% |
| Plant, machinery and equipment | 23 | €7,851 | €461 | -€7,391 | -94.1% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Leasing and similar rights | 25 | €4,838 | €16,459 | +€11,620 | +240.2% |
| Other tangible fixed assets | 26 | €239,877 | €218,445 | -€21,432 | -8.9% |
| Financial fixed assets | 28 | €3,536 | €1,929 | -€1,607 | -45.5% |
| Current assets | 29/58 | €85,919 | €95,214 | +€9,296 | +10.8% |
| Stocks and contracts in progress | 3 | €63,486 | €64,980 | +€1,494 | +2.4% |
| Stocks | 30/36 | €63,486 | €64,980 | +€1,494 | +2.4% |
| Amounts receivable within one year | 40/41 | €2,044 | €9,170 | +€7,127 | +348.7% |
| Trade receivables | 40 | €2,044 | €3,927 | +€1,884 | +92.2% |
| Other amounts receivable | 41 | - | €5,243 | +€5,243 | |
| Cash at bank and in hand | 54/58 | €18,904 | €19,765 | +€860 | +4.6% |
| Deferred charges and accrued income | 490/1 | €1,485 | €1,300 | -€185 | -12.5% |
| Total equity and liabilities | 10/49 | €349,504 | €335,987 | -€13,516 | -3.9% |
| Equity | 10/15 | -€61,620 | -€45,426 | +€16,194 | +26.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,620 | -€48,426 | +€16,194 | +25.1% |
| Amounts payable | 17/49 | €411,124 | €381,413 | -€29,711 | -7.2% |
| Amounts payable after more than one year | 17 | €287,189 | €292,758 | +€5,568 | +1.9% |
| Financial debts | 170/4 | €287,189 | €292,758 | +€5,568 | +1.9% |
| Amounts payable within one year | 42/48 | €123,934 | €88,655 | -€35,279 | -28.5% |
| Current portion of amounts payable after more than one year | 42 | €59,613 | €45,181 | -€14,432 | -24.2% |
| Trade debts | 44 | €39,017 | €21,404 | -€17,612 | -45.1% |
| Suppliers | 440/4 | €39,017 | €21,404 | -€17,612 | -45.1% |
| Taxes, remuneration and social security | 45 | €22,130 | €18,895 | -€3,235 | -14.6% |
| Taxes | 450/3 | €4,232 | €3,778 | -€454 | -10.7% |
| Remuneration and social security | 454/9 | €17,899 | €15,117 | -€2,781 | -15.5% |
| Other amounts payable | 47/48 | €3,174 | €3,174 | = | 0.0% |
| Non-recurring operating income | 76A | - | €12,162 | +€12,162 | |
| Remuneration, social security and pensions | 62 | €68,251 | €58,661 | -€9,590 | -14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,689 | €36,127 | -€2,562 | -6.6% |
| Other operating charges | 640/8 | €1,955 | €1,639 | -€317 | -16.2% |
| Gross operating margin | 9900 | €134,135 | €121,515 | -€12,620 | -9.4% |
| Operating profit (loss) | 9901 | €25,240 | €25,088 | -€152 | -0.6% |
| Financial income | 75/76B | €51 | €32 | -€19 | -37.6% |
| Recurring financial income | 75 | €51 | €32 | -€19 | -37.6% |
| Financial charges | 65/66B | €8,820 | €8,784 | -€36 | -0.4% |
| Recurring financial charges | 65 | €8,820 | €8,784 | -€36 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €16,471 | €16,336 | -€135 | -0.8% |
| Income taxes | 67/77 | €134 | €142 | +€8 | +5.7% |
| Profit (loss) for the period | 9904 | €16,337 | €16,194 | -€143 | -0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,337 | €16,194 | -€143 | -0.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.