LOCA SPADA: 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 SPADA
Largest movements
- Receivables within one year +€81,732
up €81,732 (+22.5%), from €362,932 to €444,664
of which Other amounts receivable: +€49,311
- Cash -€28,250
down €28,250 (-70.9%), from €39,845 to €11,595
mainly Receivables within one year (-€81,732) and Investment in fixed assets (net) (-€12,700)
- Tangible fixed assets +€11,917
up €11,917 (+759.9%), from €1,568 to €13,485
of which Assets under construction and advance payments: +€6,326
- Tax, wage and social debts +€33,718
up €33,718 (+48.8%), from €69,076 to €102,795
of which Taxes: +€28,208
- Trade debts +€20,885
up €20,885 (+7.4%), from €282,522 to €303,407
- Reserves +€7,059
up €7,059 (+13.9%), from €50,807 to €57,866
- Staff costs +€34,905
up €34,905 (+194.5%), from €17,945 to €52,849
- Gross operating margin -€23,364
down €23,364 (-24.7%), from €94,730 to €71,366
- Financial income +€10,813
up €10,813 (+14563.6%), from €74 to €10,888
- Taxes -€8,722
down €8,722 (-58.3%), from €14,966 to €6,243
- Other operating charges +€3,636
up €3,636 (+36.7%), from €9,896 to €13,532
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €404,405 | €470,372 | +€65,967 | +16.3% |
| Fixed assets | 21/28 | €1,628 | €13,545 | +€11,917 | +731.9% |
| Tangible fixed assets | 22/27 | €1,568 | €13,485 | +€11,917 | +759.9% |
| Plant, machinery and equipment | 23 | - | €2,876 | +€2,876 | |
| Furniture and vehicles | 24 | €1,568 | €4,284 | +€2,715 | +173.1% |
| Assets under construction and advance payments | 27 | - | €6,326 | +€6,326 | |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €402,777 | €456,827 | +€54,049 | +13.4% |
| Amounts receivable within one year | 40/41 | €362,932 | €444,664 | +€81,732 | +22.5% |
| Trade receivables | 40 | €130,164 | €162,585 | +€32,421 | +24.9% |
| Other amounts receivable | 41 | €232,768 | €282,079 | +€49,311 | +21.2% |
| Cash at bank and in hand | 54/58 | €39,845 | €11,595 | -€28,250 | -70.9% |
| Deferred charges and accrued income | 490/1 | - | €567 | +€567 | |
| Total equity and liabilities | 10/49 | €404,405 | €470,372 | +€65,967 | +16.3% |
| Equity | 10/15 | €52,807 | €59,866 | +€7,059 | +13.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €50,807 | €57,866 | +€7,059 | +13.9% |
| Distributable reserves | 133 | €50,807 | €57,866 | +€7,059 | +13.9% |
| Amounts payable | 17/49 | €351,599 | €410,506 | +€58,908 | +16.8% |
| Amounts payable within one year | 42/48 | €351,599 | €410,506 | +€58,908 | +16.8% |
| Trade debts | 44 | €282,522 | €303,407 | +€20,885 | +7.4% |
| Suppliers | 440/4 | €282,522 | €303,407 | +€20,885 | +7.4% |
| Taxes, remuneration and social security | 45 | €69,076 | €102,795 | +€33,718 | +48.8% |
| Taxes | 450/3 | €67,977 | €96,185 | +€28,208 | +41.5% |
| Remuneration and social security | 454/9 | €1,099 | €6,609 | +€5,510 | +501.3% |
| Other amounts payable | 47/48 | - | €4,304 | +€4,304 | |
| Remuneration, social security and pensions | 62 | €17,945 | €52,849 | +€34,905 | +194.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14 | €783 | +€768 | +5368.8% |
| Other operating charges | 640/8 | €9,896 | €13,532 | +€3,636 | +36.7% |
| Non-recurring operating charges | 66A | €240 | - | -€240 | |
| Gross operating margin | 9900 | €94,730 | €71,366 | -€23,364 | -24.7% |
| Operating profit (loss) | 9901 | €66,635 | €4,202 | -€62,433 | -93.7% |
| Financial income | 75/76B | €74 | €10,888 | +€10,813 | +14563.6% |
| Recurring financial income | 75 | €74 | €10,888 | +€10,813 | +14563.6% |
| Financial charges | 65/66B | €937 | €1,788 | +€850 | +90.7% |
| Recurring financial charges | 65 | €937 | €1,788 | +€850 | +90.7% |
| Profit (loss) for the period before taxes | 9903 | €65,772 | €13,302 | -€52,470 | -79.8% |
| Income taxes | 67/77 | €14,966 | €6,243 | -€8,722 | -58.3% |
| Profit (loss) for the period | 9904 | €50,807 | €7,059 | -€43,748 | -86.1% |
| Profit (loss) for the period to be appropriated | 9905 | €50,807 | €7,059 | -€43,748 | -86.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.