LOCA SOYEUR: 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 SOYEUR
Largest movements
- Tangible fixed assets +€59,847
up €59,847 (+13.3%), from €448,522 to €508,369
of which Leasing and similar rights: +€103,039
- Cash +€15,529
up €15,529 (+191%), from €8,130 to €23,658
mainly Depreciation (+€103,506) and Debts after one year (+€66,404)
- Receivables within one year -€12,662
down €12,662 (-9.7%), from €130,031 to €117,370
of which Trade receivables: -€15,181
- Debts after one year +€66,404
up €66,404 (+67.5%), from €98,404 to €164,808
- Trade debts -€37,275
down €37,275 (-26.2%), from €142,248 to €104,973
- Other debts +€13,771
up €13,771 (+14.6%), from €94,197 to €107,968
- Profit (loss) carried forward +€8,590
up €8,590 (+6.8%), from -€126,750 to -€118,160
- Depreciation -€15,207
down €15,207 (-12.8%), from €118,713 to €103,506
- Staff costs +€10,231
up €10,231 (+5.6%), from €181,139 to €191,369
- Gross operating margin -€9,677
down €9,677 (-2.9%), from €330,294 to €320,617
- Other operating charges +€5,177
up €5,177 (+73.9%), from €7,001 to €12,178
- Financial income +€4,106
up €4,106 (+167%), from €2,466 to €6,572
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 | €595,478 | €657,577 | +€62,099 | +10.4% |
| Fixed assets | 21/28 | €450,317 | €510,164 | +€59,847 | +13.3% |
| Tangible fixed assets | 22/27 | €448,522 | €508,369 | +€59,847 | +13.3% |
| Land and buildings | 22 | €130,166 | €124,679 | -€5,487 | -4.2% |
| Plant, machinery and equipment | 23 | €30,034 | €27,418 | -€2,616 | -8.7% |
| Furniture and vehicles | 24 | €50,566 | €15,477 | -€35,089 | -69.4% |
| Leasing and similar rights | 25 | €237,755 | €340,794 | +€103,039 | +43.3% |
| Financial fixed assets | 28 | €1,795 | €1,795 | = | 0.0% |
| Current assets | 29/58 | €145,161 | €147,413 | +€2,252 | +1.6% |
| Stocks and contracts in progress | 3 | €7,000 | €4,500 | -€2,500 | -35.7% |
| Stocks | 30/36 | €7,000 | €4,500 | -€2,500 | -35.7% |
| Amounts receivable within one year | 40/41 | €130,031 | €117,370 | -€12,662 | -9.7% |
| Trade receivables | 40 | €103,045 | €87,864 | -€15,181 | -14.7% |
| Other amounts receivable | 41 | €26,986 | €29,505 | +€2,519 | +9.3% |
| Cash at bank and in hand | 54/58 | €8,130 | €23,658 | +€15,529 | +191% |
| Deferred charges and accrued income | 490/1 | - | €1,885 | +€1,885 | |
| Total equity and liabilities | 10/49 | €595,478 | €657,577 | +€62,099 | +10.4% |
| Equity | 10/15 | €151,250 | €165,661 | +€14,411 | +9.5% |
| Contributions | 10/11 | €260,000 | €260,000 | = | 0.0% |
| Reserves | 13 | €18,000 | €18,000 | = | 0.0% |
| Distributable reserves | 133 | €18,000 | €18,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€126,750 | -€118,160 | +€8,590 | +6.8% |
| Investment grants | 15 | - | €5,821 | +€5,821 | |
| Amounts payable | 17/49 | €444,228 | €491,916 | +€47,688 | +10.7% |
| Amounts payable after more than one year | 17 | €98,404 | €164,808 | +€66,404 | +67.5% |
| Financial debts | 170/4 | €98,404 | €164,808 | +€66,404 | +67.5% |
| Amounts payable within one year | 42/48 | €345,824 | €327,108 | -€18,717 | -5.4% |
| Current portion of amounts payable after more than one year | 42 | €83,464 | €82,170 | -€1,295 | -1.6% |
| Trade debts | 44 | €142,248 | €104,973 | -€37,275 | -26.2% |
| Suppliers | 440/4 | €142,248 | €104,973 | -€37,275 | -26.2% |
| Taxes, remuneration and social security | 45 | €25,915 | €31,996 | +€6,082 | +23.5% |
| Taxes | 450/3 | €6,444 | €6,224 | -€220 | -3.4% |
| Remuneration and social security | 454/9 | €19,471 | €25,773 | +€6,302 | +32.4% |
| Other amounts payable | 47/48 | €94,197 | €107,968 | +€13,771 | +14.6% |
| Remuneration, social security and pensions | 62 | €181,139 | €191,369 | +€10,231 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €118,713 | €103,506 | -€15,207 | -12.8% |
| Other operating charges | 640/8 | €7,001 | €12,178 | +€5,177 | +73.9% |
| Non-recurring operating charges | 66A | €6,057 | - | -€6,057 | |
| Gross operating margin | 9900 | €330,294 | €320,617 | -€9,677 | -2.9% |
| Operating profit (loss) | 9901 | €17,383 | €13,563 | -€3,820 | -22.0% |
| Financial income | 75/76B | €2,466 | €6,572 | +€4,106 | +167% |
| Recurring financial income | 75 | €2,466 | €6,572 | +€4,106 | +167% |
| Financial charges | 65/66B | €14,677 | €11,545 | -€3,133 | -21.3% |
| Recurring financial charges | 65 | €14,677 | €11,545 | -€3,133 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | €5,171 | €8,590 | +€3,419 | +66.1% |
| Profit (loss) for the period | 9904 | €5,171 | €8,590 | +€3,419 | +66.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,171 | €8,590 | +€3,419 | +66.1% |
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 27 October 2026 via checked.be.