LOCAHERTS: 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.
LOCAHERTS
Largest movements
- Cash +€7,759
up €7,759 (+59.0%), from €13,157 to €20,916
mainly Net result for the year (+€31,045) and Tax, wage and social debts (+€5,452)
- Reserves +€31,045
up €31,045 (+10.8%), from €287,214 to €318,258
of which Distributable reserves: +€31,045
- Accrued charges and deferred income -€25,210
down €25,210 (-100%), from €25,210 to €0
- Trade debts -€5,961
down €5,961 (-30.2%), from €19,733 to €13,772
- Gross operating margin +€10,417
up €10,417 (+29.1%), from €35,825 to €46,242
- Taxes +€7,235
up €7,235 (+165%), from €4,393 to €11,628
- Staff costs -€2,042
down €2,042 (-100%), from €2,042 to €0
- Other operating charges -€1,984
down €1,984 (-38.1%), from €5,202 to €3,219
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 | €586,226 | €591,553 | +€5,326 | +0.9% |
| Current assets | 29/58 | €586,226 | €591,553 | +€5,326 | +0.9% |
| Amounts receivable within one year | 40/41 | €570,608 | €570,637 | +€29 | 0.0% |
| Trade receivables | 40 | €568,511 | €568,511 | = | 0.0% |
| Other amounts receivable | 41 | €2,098 | €2,126 | +€29 | +1.4% |
| Cash at bank and in hand | 54/58 | €13,157 | €20,916 | +€7,759 | +59.0% |
| Deferred charges and accrued income | 490/1 | €2,461 | €0 | -€2,461 | -100% |
| Total equity and liabilities | 10/49 | €586,226 | €591,553 | +€5,326 | +0.9% |
| Equity | 10/15 | €535,107 | €566,152 | +€31,045 | +5.8% |
| Contributions | 10/11 | €247,894 | €247,894 | = | 0.0% |
| Capital | 10 | €247,894 | €247,894 | = | 0.0% |
| Issued capital | 100 | €247,894 | €247,894 | = | 0.0% |
| Reserves | 13 | €287,214 | €318,258 | +€31,045 | +10.8% |
| Non-distributable reserves | 130/1 | €24,789 | €24,789 | = | 0.0% |
| Legal reserve | 130 | €24,789 | €24,789 | = | 0.0% |
| Tax-exempt reserves | 132 | €109,113 | €109,113 | = | 0.0% |
| Distributable reserves | 133 | €153,311 | €184,356 | +€31,045 | +20.2% |
| Amounts payable | 17/49 | €51,119 | €25,401 | -€25,719 | -50.3% |
| Amounts payable within one year | 42/48 | €25,909 | €25,401 | -€509 | -2.0% |
| Trade debts | 44 | €19,733 | €13,772 | -€5,961 | -30.2% |
| Suppliers | 440/4 | €19,733 | €13,772 | -€5,961 | -30.2% |
| Taxes, remuneration and social security | 45 | €6,177 | €11,628 | +€5,452 | +88.3% |
| Taxes | 450/3 | €6,177 | €11,628 | +€5,452 | +88.3% |
| Accrued charges and deferred income | 492/3 | €25,210 | €0 | -€25,210 | -100% |
| Non-recurring operating income | 76A | €42,000 | €14,573 | -€27,427 | -65.3% |
| Remuneration, social security and pensions | 62 | €2,042 | €0 | -€2,042 | -100% |
| Other operating charges | 640/8 | €5,202 | €3,219 | -€1,984 | -38.1% |
| Gross operating margin | 9900 | €35,825 | €46,242 | +€10,417 | +29.1% |
| Operating profit (loss) | 9901 | €28,581 | €43,024 | +€14,443 | +50.5% |
| Financial charges | 65/66B | €159 | €350 | +€191 | +120% |
| Recurring financial charges | 65 | €159 | €350 | +€191 | +120% |
| Profit (loss) for the period before taxes | 9903 | €28,421 | €42,673 | +€14,252 | +50.1% |
| Income taxes | 67/77 | €4,393 | €11,628 | +€7,235 | +165% |
| Profit (loss) for the period | 9904 | €24,028 | €31,045 | +€7,017 | +29.2% |
| Profit (loss) for the period to be appropriated | 9905 | €24,028 | €31,045 | +€7,017 | +29.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.