LOCAIMMO: 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.
LOCAIMMO
Largest movements
- Receivables within one year -€479,917
down €479,917 (-93.8%), from €511,859 to €31,943
of which Other amounts receivable: -€511,859
- Current investments -€50,000
down €50,000 (-10.0%), from €500,000 to €450,000
- Tangible fixed assets -€40,485
down €40,485 (-2.5%), from €1.6m to €1.6m
of which Land and buildings: -€24,669
- Cash -€29,771
down €29,771 (-26.6%), from €111,823 to €82,052
mainly Other debts (-€504,419) and Provisions (-€112,700)
- Other debts -€504,419
down €504,419 (-65.8%), from €766,032 to €261,613
- Provisions -€112,700
down €112,700 (-10.3%), from €1.1m to €984,672
of which Provisions for liabilities and charges: -€112,297
- Gross operating margin -€291,021
down €291,021 (-76.3%), from €381,169 to €90,148
- Depreciation +€20,689
up €20,689 (+39.9%), from €51,796 to €72,485
- Financial charges -€15,213
down €15,213 (-72.6%), from €20,948 to €5,735
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 | €2,740,121 | €2,140,885 | -€599,236 | -21.9% |
| Fixed assets | 21/28 | €1,615,170 | €1,574,684 | -€40,485 | -2.5% |
| Tangible fixed assets | 22/27 | €1,614,951 | €1,574,466 | -€40,485 | -2.5% |
| Land and buildings | 22 | €1,588,928 | €1,564,259 | -€24,669 | -1.6% |
| Plant, machinery and equipment | 23 | €23,461 | €9,116 | -€14,346 | -61.1% |
| Furniture and vehicles | 24 | €2,562 | €1,091 | -€1,471 | -57.4% |
| Financial fixed assets | 28 | €218 | €218 | = | 0.0% |
| Current assets | 29/58 | €1,124,951 | €566,201 | -€558,751 | -49.7% |
| Amounts receivable within one year | 40/41 | €511,859 | €31,943 | -€479,917 | -93.8% |
| Trade receivables | 40 | - | €31,943 | +€31,943 | |
| Other amounts receivable | 41 | €511,859 | - | -€511,859 | |
| Current investments | 50/53 | €500,000 | €450,000 | -€50,000 | -10.0% |
| Cash at bank and in hand | 54/58 | €111,823 | €82,052 | -€29,771 | -26.6% |
| Deferred charges and accrued income | 490/1 | €1,269 | €2,207 | +€938 | +73.9% |
| Total equity and liabilities | 10/49 | €2,740,121 | €2,140,885 | -€599,236 | -21.9% |
| Equity | 10/15 | €860,210 | €860,373 | +€163 | 0.0% |
| Contributions | 10/11 | €240,000 | €240,000 | = | 0.0% |
| Capital | 10 | €240,000 | €240,000 | = | 0.0% |
| Issued capital | 100 | €240,000 | €240,000 | = | 0.0% |
| Reserves | 13 | €556,934 | €555,724 | -€1,210 | -0.2% |
| Non-distributable reserves | 130/1 | €16,000 | €16,000 | = | 0.0% |
| Legal reserve | 130 | €16,000 | €16,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €540,934 | €539,724 | -€1,210 | -0.2% |
| Profit (loss) carried forward | 14 | €63,276 | €64,649 | +€1,373 | +2.2% |
| Provisions and deferred taxes | 16 | €1,097,372 | €984,672 | -€112,700 | -10.3% |
| Provisions for liabilities and charges | 160/5 | €917,061 | €804,764 | -€112,297 | -12.2% |
| Environmental obligations | 163 | €917,061 | €804,764 | -€112,297 | -12.2% |
| Deferred taxes | 168 | €180,311 | €179,908 | -€403 | -0.2% |
| Amounts payable | 17/49 | €782,538 | €295,840 | -€486,699 | -62.2% |
| Amounts payable within one year | 42/48 | €782,538 | €294,333 | -€488,205 | -62.4% |
| Trade debts | 44 | €16,506 | €32,720 | +€16,214 | +98.2% |
| Suppliers | 440/4 | €16,506 | €32,720 | +€16,214 | +98.2% |
| Other amounts payable | 47/48 | €766,032 | €261,613 | -€504,419 | -65.8% |
| Accrued charges and deferred income | 492/3 | - | €1,507 | +€1,507 | |
| Non-recurring operating income | 76A | €297,150 | - | -€297,150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,796 | €72,485 | +€20,689 | +39.9% |
| Other operating charges | 640/8 | €17,268 | €20,337 | +€3,069 | +17.8% |
| Gross operating margin | 9900 | €381,169 | €90,148 | -€291,021 | -76.3% |
| Operating profit (loss) | 9901 | €312,105 | -€2,674 | -€314,779 | |
| Financial income | 75/76B | €4,882 | €8,168 | +€3,286 | +67.3% |
| Recurring financial income | 75 | €4,882 | €8,168 | +€3,286 | +67.3% |
| Financial charges | 65/66B | €20,948 | €5,735 | -€15,213 | -72.6% |
| Recurring financial charges | 65 | €20,948 | €5,735 | -€15,213 | -72.6% |
| Profit (loss) for the period before taxes | 9903 | €296,040 | -€240 | -€296,280 | |
| Transfer from deferred taxes | 780 | - | €403 | +€403 | |
| Transfer to deferred taxes | 680 | €74,288 | - | -€74,288 | |
| Profit (loss) for the period | 9904 | €221,752 | €163 | -€221,590 | -99.9% |
| Transfer from tax-exempt reserves | 789 | - | €1,210 | +€1,210 | |
| Transfer to tax-exempt reserves | 689 | €222,863 | - | -€222,863 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,110 | €1,373 | +€2,483 |
Source: filed annual accounts (NBB), fiscal years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.