LoCal Syndic: 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.
LoCal Syndic
Largest movements
- Cash -€203,049
down €203,049 (-69.9%), from €290,569 to €87,520
mainly Contributions, distributions and other (-€364,462) and Investment in fixed assets (net) (-€6,306)
- Tangible fixed assets +€3,687
up €3,687 (+41.4%), from €8,908 to €12,594
of which Plant, machinery and equipment: +€4,556
- Reserves -€282,141
down €282,141 (-99.3%), from €284,001 to €1,860
of which Distributable reserves: -€282,141
- Other debts +€81,969
up €81,969 (+6587.9%), from €1,244 to €83,213
- Gross operating margin +€6,510
up €6,510 (+6.3%), from €102,938 to €109,448
- Taxes +€1,348
up €1,348 (+6.8%), from €19,861 to €21,210
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 | €309,578 | €110,849 | -€198,729 | -64.2% |
| Fixed assets | 21/28 | €8,908 | €12,594 | +€3,687 | +41.4% |
| Tangible fixed assets | 22/27 | €8,908 | €12,594 | +€3,687 | +41.4% |
| Plant, machinery and equipment | 23 | €5,810 | €10,366 | +€4,556 | +78.4% |
| Furniture and vehicles | 24 | €3,097 | €2,228 | -€869 | -28.1% |
| Current assets | 29/58 | €300,671 | €98,255 | -€202,416 | -67.3% |
| Amounts receivable within one year | 40/41 | €8,806 | €8,128 | -€679 | -7.7% |
| Trade receivables | 40 | €5,498 | €6,127 | +€629 | +11.4% |
| Other amounts receivable | 41 | €3,308 | €2,000 | -€1,308 | -39.5% |
| Cash at bank and in hand | 54/58 | €290,569 | €87,520 | -€203,049 | -69.9% |
| Deferred charges and accrued income | 490/1 | €1,295 | €2,607 | +€1,312 | +101.3% |
| Total equity and liabilities | 10/49 | €309,578 | €110,849 | -€198,729 | -64.2% |
| Equity | 10/15 | €302,601 | €20,460 | -€282,141 | -93.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €284,001 | €1,860 | -€282,141 | -99.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €282,141 | - | -€282,141 | |
| Amounts payable | 17/49 | €6,977 | €90,389 | +€83,412 | +1195.5% |
| Amounts payable within one year | 42/48 | €6,977 | €90,389 | +€83,412 | +1195.5% |
| Trade debts | 44 | €3,378 | €3,870 | +€492 | +14.6% |
| Suppliers | 440/4 | €3,378 | €3,870 | +€492 | +14.6% |
| Advances received on contracts in progress | 46 | - | €112 | +€112 | |
| Taxes, remuneration and social security | 45 | €2,355 | €3,194 | +€839 | +35.6% |
| Taxes | 450/3 | €2,355 | €405 | -€1,949 | -82.8% |
| Remuneration and social security | 454/9 | - | €2,788 | +€2,788 | |
| Other amounts payable | 47/48 | €1,244 | €83,213 | +€81,969 | +6587.9% |
| Remuneration, social security and pensions | 62 | €386 | €398 | +€11 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,699 | €2,619 | +€920 | +54.1% |
| Other operating charges | 640/8 | €267 | €551 | +€284 | +106.6% |
| Gross operating margin | 9900 | €102,938 | €109,448 | +€6,510 | +6.3% |
| Operating profit (loss) | 9901 | €100,586 | €105,880 | +€5,294 | +5.3% |
| Financial income | 75/76B | €157 | €58 | -€99 | -63.0% |
| Recurring financial income | 75 | €157 | €58 | -€99 | -63.0% |
| Financial charges | 65/66B | €2,722 | €2,408 | -€314 | -11.5% |
| Recurring financial charges | 65 | €2,722 | €2,408 | -€314 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €98,021 | €103,530 | +€5,510 | +5.6% |
| Income taxes | 67/77 | €19,861 | €21,210 | +€1,348 | +6.8% |
| Profit (loss) for the period | 9904 | €78,159 | €82,321 | +€4,161 | +5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €78,159 | €82,321 | +€4,161 | +5.3% |
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 10 October 2026 via checked.be.