LOCA V&C: 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 V&C
Largest movements
- Tangible fixed assets -€12,699
down €12,699 (-6.9%), from €184,076 to €171,377
- Cash -€3,959
down €3,959 (-52.4%), from €7,548 to €3,590
mainly Debts after one year (-€19,078) and Net result for the year (-€1,094)
- Debts after one year -€19,078
no longer reported in 2025 (was €19,078)
- Trade debts +€2,420
new in 2025: €2,420
- Gross operating margin +€7,080
up €7,080 (+71.2%), from €9,946 to €17,026
- Financial charges +€522
up €522 (+51.7%), from €1,010 to €1,533
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 | €195,637 | €177,467 | -€18,170 | -9.3% |
| Fixed assets | 21/28 | €184,076 | €171,377 | -€12,699 | -6.9% |
| Tangible fixed assets | 22/27 | €184,076 | €171,377 | -€12,699 | -6.9% |
| Land and buildings | 22 | €184,076 | €171,377 | -€12,699 | -6.9% |
| Current assets | 29/58 | €11,561 | €6,090 | -€5,471 | -47.3% |
| Amounts receivable within one year | 40/41 | €4,013 | €2,500 | -€1,513 | -37.7% |
| Trade receivables | 40 | €1,513 | - | -€1,513 | |
| Other amounts receivable | 41 | €2,500 | €2,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7,548 | €3,590 | -€3,959 | -52.4% |
| Total equity and liabilities | 10/49 | €195,637 | €177,467 | -€18,170 | -9.3% |
| Equity | 10/15 | €98,608 | €97,514 | -€1,094 | -1.1% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €24,227 | €24,227 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €16,727 | €16,727 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€620 | -€1,713 | -€1,094 | -177% |
| Amounts payable | 17/49 | €97,029 | €79,952 | -€17,076 | -17.6% |
| Amounts payable after more than one year | 17 | €19,078 | - | -€19,078 | |
| Financial debts | 170/4 | €19,078 | - | -€19,078 | |
| Amounts payable within one year | 42/48 | €77,951 | €79,952 | +€2,001 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €19,911 | €19,078 | -€833 | -4.2% |
| Trade debts | 44 | - | €2,420 | +€2,420 | |
| Suppliers | 440/4 | - | €2,420 | +€2,420 | |
| Taxes, remuneration and social security | 45 | €788 | €1,202 | +€414 | +52.6% |
| Taxes | 450/3 | €788 | €1,202 | +€414 | +52.6% |
| Other amounts payable | 47/48 | €57,253 | €57,253 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,699 | €12,699 | = | 0.0% |
| Other operating charges | 640/8 | €3,748 | €3,888 | +€140 | +3.7% |
| Gross operating margin | 9900 | €9,946 | €17,026 | +€7,080 | +71.2% |
| Operating profit (loss) | 9901 | -€6,501 | €439 | +€6,940 | |
| Financial charges | 65/66B | €1,010 | €1,533 | +€522 | +51.7% |
| Recurring financial charges | 65 | €1,010 | €1,533 | +€522 | +51.7% |
| Profit (loss) for the period before taxes | 9903 | -€7,512 | -€1,094 | +€6,418 | +85.4% |
| Profit (loss) for the period | 9904 | -€7,512 | -€1,094 | +€6,418 | +85.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,512 | -€1,094 | +€6,418 | +85.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.