LOCALTOMORROW: 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.
LOCALTOMORROW
Largest movements
- Tangible fixed assets +€49,350
up €49,350 (+794%), from €6,217 to €55,567
- Receivables within one year +€24,103
up €24,103 (+29.8%), from €80,839 to €104,941
of which Trade receivables: +€16,230
- Cash +€23,645
up €23,645 (+7.4%), from €317,445 to €341,090
mainly Net result for the year (+€52,842) and Debts after one year (+€37,319)
- Intangible fixed assets -€22,704
down €22,704 (-18.6%), from €121,922 to €99,217
- Reserves +€52,842
up €52,842 (+30.4%), from €173,672 to €226,514
of which Distributable reserves: +€50,200
- Debts after one year +€37,319
new in 2025: €37,319
- Trade debts -€28,124
down €28,124 (-21.5%), from €130,916 to €102,793
- Tax, wage and social debts +€9,329
up €9,329 (+47.2%), from €19,744 to €29,073
of which Taxes: +€8,966
- Current portion of long-term debt +€9,190
new in 2025: €9,190
- Financial charges -€25,811
down €25,811 (-40.0%), from €64,509 to €38,698
- Gross operating margin -€13,415
down €13,415 (-6.4%), from €208,981 to €195,566
- Staff costs +€4,054
up €4,054 (+7.2%), from €56,099 to €60,153
- Depreciation +€3,449
up €3,449 (+18.1%), from €19,014 to €22,463
- Taxes +€2,168
up €2,168 (+12.0%), from €18,074 to €20,242
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 | €624,333 | €704,889 | +€80,556 | +12.9% |
| Fixed assets | 21/28 | €223,597 | €250,243 | +€26,646 | +11.9% |
| Intangible fixed assets | 21 | €121,922 | €99,217 | -€22,704 | -18.6% |
| Tangible fixed assets | 22/27 | €6,217 | €55,567 | +€49,350 | +794% |
| Furniture and vehicles | 24 | €6,217 | €55,567 | +€49,350 | +794% |
| Financial fixed assets | 28 | €95,458 | €95,458 | = | 0.0% |
| Current assets | 29/58 | €400,736 | €454,646 | +€53,910 | +13.5% |
| Amounts receivable within one year | 40/41 | €80,839 | €104,941 | +€24,103 | +29.8% |
| Trade receivables | 40 | €78,913 | €95,142 | +€16,230 | +20.6% |
| Other amounts receivable | 41 | €1,926 | €9,799 | +€7,873 | +409% |
| Cash at bank and in hand | 54/58 | €317,445 | €341,090 | +€23,645 | +7.4% |
| Deferred charges and accrued income | 490/1 | €2,453 | €8,615 | +€6,162 | +251% |
| Total equity and liabilities | 10/49 | €624,333 | €704,889 | +€80,556 | +12.9% |
| Equity | 10/15 | €473,672 | €526,514 | +€52,842 | +11.2% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €173,672 | €226,514 | +€52,842 | +30.4% |
| Non-distributable reserves | 130/1 | €8,684 | €11,326 | +€2,642 | +30.4% |
| Legal reserve | 130 | €8,684 | €11,326 | +€2,642 | +30.4% |
| Distributable reserves | 133 | €164,988 | €215,188 | +€50,200 | +30.4% |
| Amounts payable | 17/49 | €150,661 | €178,375 | +€27,714 | +18.4% |
| Amounts payable after more than one year | 17 | - | €37,319 | +€37,319 | |
| Financial debts | 170/4 | - | €37,319 | +€37,319 | |
| Amounts payable within one year | 42/48 | €150,661 | €141,056 | -€9,605 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | - | €9,190 | +€9,190 | |
| Trade debts | 44 | €130,916 | €102,793 | -€28,124 | -21.5% |
| Suppliers | 440/4 | €130,916 | €102,793 | -€28,124 | -21.5% |
| Taxes, remuneration and social security | 45 | €19,744 | €29,073 | +€9,329 | +47.2% |
| Taxes | 450/3 | €13,179 | €22,145 | +€8,966 | +68.0% |
| Remuneration and social security | 454/9 | €6,566 | €6,928 | +€362 | +5.5% |
| Non-recurring operating income | 76A | - | €229 | +€229 | |
| Remuneration, social security and pensions | 62 | €56,099 | €60,153 | +€4,054 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,014 | €22,463 | +€3,449 | +18.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €3,250 | €1,182 | -€2,068 | -63.6% |
| Non-recurring operating charges | 66A | €391 | €0 | -€391 | -100% |
| Gross operating margin | 9900 | €208,981 | €195,566 | -€13,415 | -6.4% |
| Operating profit (loss) | 9901 | €130,227 | €111,768 | -€18,459 | -14.2% |
| Financial income | 75/76B | €3 | €14 | +€11 | +329% |
| Recurring financial income | 75 | €3 | €14 | +€11 | +329% |
| Financial charges | 65/66B | €64,509 | €38,698 | -€25,811 | -40.0% |
| Recurring financial charges | 65 | €64,509 | €38,698 | -€25,811 | -40.0% |
| Profit (loss) for the period before taxes | 9903 | €65,721 | €73,084 | +€7,363 | +11.2% |
| Income taxes | 67/77 | €18,074 | €20,242 | +€2,168 | +12.0% |
| Profit (loss) for the period | 9904 | €47,647 | €52,842 | +€5,195 | +10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €47,647 | €52,842 | +€5,195 | +10.9% |
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 29 October 2026 via checked.be.