Loca projects: 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 projects
Largest movements
- Receivables within one year -€221,978
down €221,978 (-33.3%), from €665,630 to €443,651
of which Other amounts receivable: -€130,689
- Receivables after one year -€150,000
no longer reported in 2025 (was €150,000)
- Cash +€15,154
up €15,154 (+31.9%), from €47,576 to €62,730
mainly Receivables within one year (+€221,978) and Receivables after one year (+€150,000)
- Deferred charges and accrued income -€14,000
down €14,000 (-33.3%), from €42,000 to €28,000
- Other debts -€500,000
no longer reported in 2025 (was €500,000)
- Reserves +€132,173
up €132,173 (+95.2%), from €138,904 to €271,077
of which Distributable reserves: +€132,173
- Gross operating margin +€68,809
up €68,809 (+69.3%), from €99,224 to €168,034
- Taxes +€23,815
up €23,815 (+68.2%), from €34,905 to €58,719
- Financial income +€7,967
up €7,967 (+25.1%), from €31,680 to €39,647
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 | €1,033,808 | €661,877 | -€371,932 | -36.0% |
| Fixed assets | 21/28 | €105,602 | €100,495 | -€5,107 | -4.8% |
| Tangible fixed assets | 22/27 | €105,602 | €100,495 | -€5,107 | -4.8% |
| Land and buildings | 22 | €101,407 | €97,772 | -€3,635 | -3.6% |
| Furniture and vehicles | 24 | €4,196 | €2,724 | -€1,472 | -35.1% |
| Current assets | 29/58 | €928,206 | €561,381 | -€366,824 | -39.5% |
| Amounts receivable after more than one year | 29 | €150,000 | - | -€150,000 | |
| Trade receivables | 290 | €150,000 | - | -€150,000 | |
| Stocks and contracts in progress | 3 | €23,000 | €27,000 | +€4,000 | +17.4% |
| Stocks | 30/36 | €23,000 | €27,000 | +€4,000 | +17.4% |
| Amounts receivable within one year | 40/41 | €665,630 | €443,651 | -€221,978 | -33.3% |
| Trade receivables | 40 | €110,649 | €19,360 | -€91,289 | -82.5% |
| Other amounts receivable | 41 | €554,980 | €424,291 | -€130,689 | -23.5% |
| Cash at bank and in hand | 54/58 | €47,576 | €62,730 | +€15,154 | +31.9% |
| Deferred charges and accrued income | 490/1 | €42,000 | €28,000 | -€14,000 | -33.3% |
| Total equity and liabilities | 10/49 | €1,033,808 | €661,877 | -€371,932 | -36.0% |
| Equity | 10/15 | €473,888 | €606,061 | +€132,173 | +27.9% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €138,904 | €271,077 | +€132,173 | +95.2% |
| Non-distributable reserves | 130/1 | €6,300 | €6,300 | = | 0.0% |
| Legal reserve | 130 | €6,300 | €6,300 | = | 0.0% |
| Distributable reserves | 133 | €132,604 | €264,777 | +€132,173 | +99.7% |
| Profit (loss) carried forward | 14 | €271,984 | €271,984 | = | 0.0% |
| Amounts payable | 17/49 | €559,921 | €55,816 | -€504,105 | -90.0% |
| Amounts payable within one year | 42/48 | €559,921 | €55,816 | -€504,105 | -90.0% |
| Trade debts | 44 | €12,712 | €9,315 | -€3,397 | -26.7% |
| Suppliers | 440/4 | €12,712 | €9,315 | -€3,397 | -26.7% |
| Taxes, remuneration and social security | 45 | €47,209 | €46,501 | -€708 | -1.5% |
| Taxes | 450/3 | €44,709 | €44,828 | +€120 | +0.3% |
| Remuneration and social security | 454/9 | €2,500 | €1,673 | -€827 | -33.1% |
| Other amounts payable | 47/48 | €500,000 | - | -€500,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,179 | €11,976 | +€797 | +7.1% |
| Other operating charges | 640/8 | €4,411 | €4,601 | +€190 | +4.3% |
| Gross operating margin | 9900 | €99,224 | €168,034 | +€68,809 | +69.3% |
| Operating profit (loss) | 9901 | €83,634 | €151,456 | +€67,822 | +81.1% |
| Financial income | 75/76B | €31,680 | €39,647 | +€7,967 | +25.1% |
| Recurring financial income | 75 | €31,680 | €39,647 | +€7,967 | +25.1% |
| Financial charges | 65/66B | €415 | €211 | -€204 | -49.1% |
| Recurring financial charges | 65 | €415 | €211 | -€204 | -49.1% |
| Profit (loss) for the period before taxes | 9903 | €114,900 | €190,892 | +€75,992 | +66.1% |
| Income taxes | 67/77 | €34,905 | €58,719 | +€23,815 | +68.2% |
| Profit (loss) for the period | 9904 | €79,995 | €132,173 | +€52,178 | +65.2% |
| Profit (loss) for the period to be appropriated | 9905 | €79,995 | €132,173 | +€52,178 | +65.2% |
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 10 October 2026 via checked.be.