LOCA-VAISSELLE: 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-VAISSELLE
Largest movements
- Cash -€354,636
down €354,636 (-98.4%), from €360,327 to €5,691
mainly Other debts (-€370,000) and Net result for the year (-€31,744)
- Tangible fixed assets -€32,797
down €32,797 (-6.5%), from €508,193 to €475,396
of which Land and buildings: -€29,530
- Receivables within one year -€10,417
down €10,417 (-71.7%), from €14,536 to €4,119
of which Trade receivables: -€10,588
- Other debts -€370,000
no longer reported in 2025 (was €370,000)
- Profit (loss) carried forward -€31,744
down €31,744 (-8.6%), from €368,286 to €336,542
- Gross operating margin -€88,526
down €88,526 (-82.4%), from €107,456 to €18,931
- Taxes -€15,803
down €15,803, from €15,803 to -€0
- Financial income -€5,116
down €5,116 (-79.7%), from €6,420 to €1,304
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 | €883,204 | €485,206 | -€397,999 | -45.1% |
| Fixed assets | 21/28 | €508,193 | €475,396 | -€32,797 | -6.5% |
| Tangible fixed assets | 22/27 | €508,193 | €475,396 | -€32,797 | -6.5% |
| Land and buildings | 22 | €483,224 | €453,694 | -€29,530 | -6.1% |
| Plant, machinery and equipment | 23 | €24,969 | €20,702 | -€4,267 | -17.1% |
| Furniture and vehicles | 24 | - | €1,000 | +€1,000 | |
| Current assets | 29/58 | €375,011 | €9,810 | -€365,201 | -97.4% |
| Amounts receivable within one year | 40/41 | €14,536 | €4,119 | -€10,417 | -71.7% |
| Trade receivables | 40 | €14,218 | €3,630 | -€10,588 | -74.5% |
| Other amounts receivable | 41 | €319 | €489 | +€170 | +53.5% |
| Cash at bank and in hand | 54/58 | €360,327 | €5,691 | -€354,636 | -98.4% |
| Deferred charges and accrued income | 490/1 | €148 | - | -€148 | |
| Total equity and liabilities | 10/49 | €883,204 | €485,206 | -€397,999 | -45.1% |
| Equity | 10/15 | €505,897 | €474,152 | -€31,744 | -6.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | - | -€62,000 | |
| Issued capital | 100 | €62,000 | - | -€62,000 | |
| Contributions outside capital | 11 | - | €62,000 | +€62,000 | |
| Other | 1109/19 | - | €62,000 | +€62,000 | |
| Reserves | 13 | €75,610 | €75,610 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | - | -€6,200 | |
| Legal reserve | 130 | €6,200 | - | -€6,200 | |
| Distributable reserves | 133 | €69,410 | €75,610 | +€6,200 | +8.9% |
| Profit (loss) carried forward | 14 | €368,286 | €336,542 | -€31,744 | -8.6% |
| Amounts payable | 17/49 | €377,308 | €11,053 | -€366,254 | -97.1% |
| Amounts payable within one year | 42/48 | €376,558 | €10,303 | -€366,254 | -97.3% |
| Trade debts | 44 | €1,503 | €10,145 | +€8,642 | +575% |
| Bills of exchange payable | 441 | €1,503 | €10,145 | +€8,642 | +575% |
| Taxes, remuneration and social security | 45 | €5,055 | €158 | -€4,897 | -96.9% |
| Taxes | 450/3 | €5,055 | €158 | -€4,897 | -96.9% |
| Other amounts payable | 47/48 | €370,000 | - | -€370,000 | |
| Accrued charges and deferred income | 492/3 | €750 | €750 | = | 0.0% |
| Non-recurring operating income | 76A | - | €46,500 | +€46,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,689 | €32,663 | -€26 | -0.1% |
| Other operating charges | 640/8 | €18,152 | €18,917 | +€765 | +4.2% |
| Gross operating margin | 9900 | €107,456 | €18,931 | -€88,526 | -82.4% |
| Operating profit (loss) | 9901 | €56,615 | -€32,650 | -€89,265 | |
| Financial income | 75/76B | €6,420 | €1,304 | -€5,116 | -79.7% |
| Recurring financial income | 75 | €6,420 | €1,304 | -€5,116 | -79.7% |
| Financial charges | 65/66B | €279 | €399 | +€120 | +43.0% |
| Recurring financial charges | 65 | €279 | €399 | +€120 | +43.0% |
| Profit (loss) for the period before taxes | 9903 | €62,757 | -€31,744 | -€94,501 | |
| Income taxes | 67/77 | €15,803 | -€0 | -€15,803 | |
| Profit (loss) for the period | 9904 | €46,954 | -€31,744 | -€78,698 | |
| Profit (loss) for the period to be appropriated | 9905 | €46,954 | -€31,744 | -€78,698 |
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 28 October 2026 via checked.be.