LOCABAT: 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.
LOCABAT
Largest movements
- Tangible fixed assets +€1.4m
up €1.4m (+197%), from €722,495 to €2.1m
of which Land and buildings: +€1.4m
- Receivables within one year +€102,912
up €102,912 (+58.0%), from €177,364 to €280,277
of which Other amounts receivable: +€108,446
- Cash -€43,984
down €43,984 (-30.7%), from €143,230 to €99,245
mainly Investment in fixed assets (net) (-€1.5m) and Receivables within one year (-€102,912)
- Revaluation surpluses +€1.5m
new in 2025: €1.5m
- Debts after one year -€89,373
down €89,373 (-37.5%), from €238,060 to €148,687
- Profit (loss) carried forward +€38,300
up €38,300 (+33.0%), from €116,221 to €154,522
- Gross operating margin +€12,823
up €12,823 (+8.4%), from €152,849 to €165,671
- Financial charges -€5,004
down €5,004 (-23.4%), from €21,347 to €16,343
- Taxes +€4,546
up €4,546 (+50.4%), from €9,012 to €13,558
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 | €1,578,860 | €3,061,938 | +€1.5m | +93.9% |
| Fixed assets | 21/28 | €1,230,037 | €2,654,260 | +€1.4m | +116% |
| Tangible fixed assets | 22/27 | €722,495 | €2,146,718 | +€1.4m | +197% |
| Land and buildings | 22 | €563,000 | €1,955,570 | +€1.4m | +247% |
| Plant, machinery and equipment | 23 | €52,249 | €96,863 | +€44,614 | +85.4% |
| Furniture and vehicles | 24 | €443 | €845 | +€402 | +90.7% |
| Other tangible fixed assets | 26 | €106,803 | €93,440 | -€13,363 | -12.5% |
| Financial fixed assets | 28 | €507,542 | €507,542 | = | 0.0% |
| Current assets | 29/58 | €348,823 | €407,678 | +€58,856 | +16.9% |
| Amounts receivable within one year | 40/41 | €177,364 | €280,277 | +€102,912 | +58.0% |
| Trade receivables | 40 | €10,266 | €4,732 | -€5,533 | -53.9% |
| Other amounts receivable | 41 | €167,098 | €275,544 | +€108,446 | +64.9% |
| Cash at bank and in hand | 54/58 | €143,230 | €99,245 | -€43,984 | -30.7% |
| Deferred charges and accrued income | 490/1 | €28,229 | €28,156 | -€72 | -0.3% |
| Total equity and liabilities | 10/49 | €1,578,860 | €3,061,938 | +€1.5m | +93.9% |
| Equity | 10/15 | €1,216,221 | €2,758,862 | +€1.5m | +127% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €1,504,340 | +€1.5m | |
| Reserves | 13 | €100,000 | €100,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100,000 | €100,000 | = | 0.0% |
| Legal reserve | 130 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €116,221 | €154,522 | +€38,300 | +33.0% |
| Amounts payable | 17/49 | €362,639 | €303,076 | -€59,562 | -16.4% |
| Amounts payable after more than one year | 17 | €238,060 | €148,687 | -€89,373 | -37.5% |
| Financial debts | 170/4 | €238,060 | €148,687 | -€89,373 | -37.5% |
| Amounts payable within one year | 42/48 | €106,833 | €141,811 | +€34,977 | +32.7% |
| Current portion of amounts payable after more than one year | 42 | €91,323 | €94,388 | +€3,065 | +3.4% |
| Trade debts | 44 | €227 | €1,535 | +€1,308 | +576% |
| Suppliers | 440/4 | €227 | €1,535 | +€1,308 | +576% |
| Taxes, remuneration and social security | 45 | €2,994 | €3,092 | +€98 | +3.3% |
| Taxes | 450/3 | €2,994 | €1,592 | -€1,402 | -46.8% |
| Remuneration and social security | 454/9 | - | €1,500 | +€1,500 | |
| Other amounts payable | 47/48 | €12,289 | €42,795 | +€30,506 | +248% |
| Accrued charges and deferred income | 492/3 | €17,745 | €12,579 | -€5,166 | -29.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,349 | €85,884 | +€534 | +0.6% |
| Other operating charges | 640/8 | €12,210 | €12,456 | +€246 | +2.0% |
| Gross operating margin | 9900 | €152,849 | €165,671 | +€12,823 | +8.4% |
| Operating profit (loss) | 9901 | €55,290 | €67,332 | +€12,042 | +21.8% |
| Financial income | 75/76B | €369 | €870 | +€501 | +136% |
| Recurring financial income | 75 | €369 | €870 | +€501 | +136% |
| Financial charges | 65/66B | €21,347 | €16,343 | -€5,004 | -23.4% |
| Recurring financial charges | 65 | €21,347 | €16,343 | -€5,004 | -23.4% |
| Profit (loss) for the period before taxes | 9903 | €34,312 | €51,859 | +€17,547 | +51.1% |
| Income taxes | 67/77 | €9,012 | €13,558 | +€4,546 | +50.4% |
| Profit (loss) for the period | 9904 | €25,299 | €38,300 | +€13,001 | +51.4% |
| Profit (loss) for the period to be appropriated | 9905 | €25,299 | €38,300 | +€13,001 | +51.4% |
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 18 October 2026 via checked.be.