LOCAGLACE: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
LOCAGLACE
Largest movements
- Receivables within one year -€136,478
down €136,478 (-77.9%), from €175,217 to €38,739
of which Trade receivables: -€147,569
- Tangible fixed assets -€46,391
down €46,391 (-3.3%), from €1.4m to €1.3m
of which Land and buildings: -€45,108
- Trade debts -€190,415
no longer reported in 2025 (was €190,415)
- Other debts +€51,639
up €51,639 (+10.7%), from €484,288 to €535,926
- Tax, wage and social debts -€33,262
down €33,262 (-63.8%), from €52,174 to €18,912
- Current portion of long-term debt -€27,162
down €27,162 (-93.3%), from €29,126 to €1,964
- Gross operating margin -€72,786
down €72,786 (-48.0%), from €151,484 to €78,698
- Taxes -€19,992
down €19,992 (-98.1%), from €20,376 to €384
- Depreciation +€5,133
up €5,133 (+12.4%), from €41,258 to €46,391
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,632,925 | €1,434,679 | -€198,246 | -12.1% |
| Fixed assets | 21/28 | €1,385,431 | €1,339,040 | -€46,391 | -3.3% |
| Tangible fixed assets | 22/27 | €1,385,431 | €1,339,040 | -€46,391 | -3.3% |
| Land and buildings | 22 | €1,381,509 | €1,336,400 | -€45,108 | -3.3% |
| Plant, machinery and equipment | 23 | €402 | €35 | -€366 | -91.2% |
| Furniture and vehicles | 24 | €3,521 | €2,604 | -€916 | -26.0% |
| Current assets | 29/58 | €247,494 | €95,639 | -€151,855 | -61.4% |
| Amounts receivable within one year | 40/41 | €175,217 | €38,739 | -€136,478 | -77.9% |
| Trade receivables | 40 | €175,217 | €27,648 | -€147,569 | -84.2% |
| Other amounts receivable | 41 | - | €11,091 | +€11,091 | |
| Cash at bank and in hand | 54/58 | €72,278 | €56,900 | -€15,377 | -21.3% |
| Total equity and liabilities | 10/49 | €1,632,925 | €1,434,679 | -€198,246 | -12.1% |
| Equity | 10/15 | €869,842 | €870,797 | +€955 | +0.1% |
| Contributions | 10/11 | €370,000 | €370,000 | = | 0.0% |
| Capital | 10 | €370,000 | €370,000 | = | 0.0% |
| Issued capital | 100 | €370,000 | €370,000 | = | 0.0% |
| Reserves | 13 | €37,000 | €37,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €37,000 | €37,000 | = | 0.0% |
| Legal reserve | 130 | €37,000 | €37,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €462,842 | €463,797 | +€955 | +0.2% |
| Amounts payable | 17/49 | €763,083 | €563,882 | -€199,201 | -26.1% |
| Amounts payable after more than one year | 17 | €7,080 | €7,080 | = | 0.0% |
| Other amounts payable | 178/9 | €7,080 | €7,080 | = | 0.0% |
| Amounts payable within one year | 42/48 | €756,003 | €556,802 | -€199,201 | -26.3% |
| Current portion of amounts payable after more than one year | 42 | €29,126 | €1,964 | -€27,162 | -93.3% |
| Trade debts | 44 | €190,415 | - | -€190,415 | |
| Suppliers | 440/4 | €190,415 | - | -€190,415 | |
| Taxes, remuneration and social security | 45 | €52,174 | €18,912 | -€33,262 | -63.8% |
| Taxes | 450/3 | €52,174 | €18,912 | -€33,262 | -63.8% |
| Other amounts payable | 47/48 | €484,288 | €535,926 | +€51,639 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,258 | €46,391 | +€5,133 | +12.4% |
| Other operating charges | 640/8 | €28,979 | €29,981 | +€1,002 | +3.5% |
| Gross operating margin | 9900 | €151,484 | €78,698 | -€72,786 | -48.0% |
| Operating profit (loss) | 9901 | €81,247 | €2,326 | -€78,921 | -97.1% |
| Financial income | 75/76B | €607 | €90 | -€517 | -85.2% |
| Recurring financial income | 75 | €607 | €90 | -€517 | -85.2% |
| Financial charges | 65/66B | €2,027 | €1,077 | -€950 | -46.9% |
| Recurring financial charges | 65 | €2,027 | €1,077 | -€950 | -46.9% |
| Profit (loss) for the period before taxes | 9903 | €79,827 | €1,339 | -€78,488 | -98.3% |
| Income taxes | 67/77 | €20,376 | €384 | -€19,992 | -98.1% |
| Profit (loss) for the period | 9904 | €59,451 | €955 | -€58,496 | -98.4% |
| Profit (loss) for the period to be appropriated | 9905 | €59,451 | €955 | -€58,496 | -98.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.