LOCAGI: 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.
LOCAGI
Largest movements
- Tangible fixed assets -€63,646
down €63,646 (-17.0%), from €375,335 to €311,688
of which Plant, machinery and equipment: -€42,302
- Receivables within one year +€48,860
up €48,860 (+19.3%), from €253,460 to €302,319
of which Trade receivables: +€65,350
- Debts after one year -€15,361
down €15,361 (-46.5%), from €33,053 to €17,692
- Trade debts -€10,933
down €10,933 (-2.7%), from €408,935 to €398,003
- Depreciation +€15,848
up €15,848 (+19.8%), from €79,863 to €95,711
- Gross operating margin +€9,103
up €9,103 (+9.7%), from €94,301 to €103,404
- Taxes -€2,125
down €2,125 (-87.5%), from €2,427 to €302
- Other operating charges +€1,414
up €1,414 (+313.3%), from €451 to €1,865
- Financial charges +€1,061
up €1,061 (+38.7%), from €2,744 to €3,805
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.
Cash bridge derived
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 | €629,934 | €615,133 | -€14,802 | -2.3% |
| Fixed assets | 21/28 | €376,460 | €312,813 | -€63,646 | -16.9% |
| Tangible fixed assets | 22/27 | €375,335 | €311,688 | -€63,646 | -17.0% |
| Land and buildings | 22 | €7,317 | €6,973 | -€344 | -4.7% |
| Plant, machinery and equipment | 23 | €281,631 | €239,329 | -€42,302 | -15.0% |
| Furniture and vehicles | 24 | €86,386 | €65,386 | -€21,000 | -24.3% |
| Financial fixed assets | 28 | €1,125 | €1,125 | = | 0.0% |
| Current assets | 29/58 | €253,475 | €302,319 | +€48,845 | +19.3% |
| Amounts receivable within one year | 40/41 | €253,460 | €302,319 | +€48,860 | +19.3% |
| Trade receivables | 40 | €230,592 | €295,942 | +€65,350 | +28.3% |
| Other amounts receivable | 41 | €22,868 | €6,377 | -€16,490 | -72.1% |
| Cash at bank and in hand | 54/58 | €15 | €0 | -€15 | -100.0% |
| Total equity and liabilities | 10/49 | €629,934 | €615,133 | -€14,802 | -2.3% |
| Equity | 10/15 | €85,970 | €87,690 | +€1,720 | +2.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,970 | €67,690 | +€1,720 | +2.6% |
| Amounts payable | 17/49 | €543,964 | €527,442 | -€16,522 | -3.0% |
| Amounts payable after more than one year | 17 | €33,053 | €17,692 | -€15,361 | -46.5% |
| Financial debts | 170/4 | €33,053 | €17,692 | -€15,361 | -46.5% |
| Amounts payable within one year | 42/48 | €506,838 | €502,303 | -€4,535 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €14,905 | €15,361 | +€456 | +3.1% |
| Financial debts | 43 | - | €79 | +€79 | |
| Credit institutions | 430/8 | - | €79 | +€79 | |
| Trade debts | 44 | €408,935 | €398,003 | -€10,933 | -2.7% |
| Suppliers | 440/4 | €408,935 | €398,003 | -€10,933 | -2.7% |
| Taxes, remuneration and social security | 45 | €35,654 | €38,578 | +€2,924 | +8.2% |
| Taxes | 450/3 | €35,654 | €38,578 | +€2,924 | +8.2% |
| Other amounts payable | 47/48 | €47,344 | €50,282 | +€2,939 | +6.2% |
| Accrued charges and deferred income | 492/3 | €4,073 | €7,447 | +€3,374 | +82.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,863 | €95,711 | +€15,848 | +19.8% |
| Other operating charges | 640/8 | €451 | €1,865 | +€1,414 | +313.3% |
| Gross operating margin | 9900 | €94,301 | €103,404 | +€9,103 | +9.7% |
| Operating profit (loss) | 9901 | €13,986 | €5,828 | -€8,159 | -58.3% |
| Financial charges | 65/66B | €2,744 | €3,805 | +€1,061 | +38.7% |
| Recurring financial charges | 65 | €2,744 | €3,805 | +€1,061 | +38.7% |
| Profit (loss) for the period before taxes | 9903 | €11,242 | €2,022 | -€9,220 | -82.0% |
| Income taxes | 67/77 | €2,427 | €302 | -€2,125 | -87.5% |
| Profit (loss) for the period | 9904 | €8,815 | €1,720 | -€7,095 | -80.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,815 | €1,720 | -€7,095 | -80.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.