LOCAMAX: 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.
LOCAMAX
Largest movements
- Current investments +€19,354
new in 2025: €19,354
- Cash +€19,010
up €19,010 (+26.9%), from €70,698 to €89,709
mainly Other debts (+€128,892) and Net result for the year (+€46,167)
- Receivables within one year -€10,936
down €10,936 (-26.2%), from €41,785 to €30,849
of which Trade receivables: -€11,097
- Tangible fixed assets +€4,976
up €4,976 (+961%), from €518 to €5,494
of which Plant, machinery and equipment: +€3,291
- Receivables after one year -€4,160
no longer reported in 2025 (was €4,160)
- Other debts +€128,892
up €128,892 (+24,741%), from €521 to €129,413
- Profit (loss) carried forward -€101,282
no longer reported in 2025 (was €101,282)
- Gross operating margin +€3,298
up €3,298 (+5.4%), from €61,329 to €64,627
- Financial charges +€2,581
up €2,581 (+238%), from €1,087 to €3,668
- Depreciation +€1,193
up €1,193 (+4,304%), from €28 to €1,221
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 | €122,053 | €150,049 | +€27,996 | +22.9% |
| Fixed assets | 21/28 | €3,018 | €7,994 | +€4,976 | +165% |
| Tangible fixed assets | 22/27 | €518 | €5,494 | +€4,976 | +961% |
| Plant, machinery and equipment | 23 | - | €3,291 | +€3,291 | |
| Furniture and vehicles | 24 | €518 | €2,202 | +€1,685 | +325% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €119,035 | €142,055 | +€23,020 | +19.3% |
| Amounts receivable after more than one year | 29 | €4,160 | - | -€4,160 | |
| Other amounts receivable | 291 | €4,160 | - | -€4,160 | |
| Amounts receivable within one year | 40/41 | €41,785 | €30,849 | -€10,936 | -26.2% |
| Trade receivables | 40 | €34,200 | €23,103 | -€11,097 | -32.4% |
| Other amounts receivable | 41 | €7,585 | €7,746 | +€161 | +2.1% |
| Current investments | 50/53 | - | €19,354 | +€19,354 | |
| Cash at bank and in hand | 54/58 | €70,698 | €89,709 | +€19,010 | +26.9% |
| Deferred charges and accrued income | 490/1 | €2,391 | €2,144 | -€248 | -10.4% |
| Total equity and liabilities | 10/49 | €122,053 | €150,049 | +€27,996 | +22.9% |
| Equity | 10/15 | €102,782 | €1,500 | -€101,282 | -98.5% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €101,282 | - | -€101,282 | |
| Amounts payable | 17/49 | €19,271 | €148,549 | +€129,278 | +671% |
| Amounts payable within one year | 42/48 | €19,166 | €148,549 | +€129,383 | +675% |
| Trade debts | 44 | €430 | €1,884 | +€1,454 | +338% |
| Suppliers | 440/4 | €430 | €1,884 | +€1,454 | +338% |
| Taxes, remuneration and social security | 45 | €18,215 | €17,252 | -€963 | -5.3% |
| Taxes | 450/3 | €18,215 | €17,252 | -€963 | -5.3% |
| Other amounts payable | 47/48 | €521 | €129,413 | +€128,892 | +24,741% |
| Accrued charges and deferred income | 492/3 | €105 | - | -€105 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28 | €1,221 | +€1,193 | +4,304% |
| Other operating charges | 640/8 | €724 | €466 | -€258 | -35.6% |
| Gross operating margin | 9900 | €61,329 | €64,627 | +€3,298 | +5.4% |
| Operating profit (loss) | 9901 | €60,578 | €62,940 | +€2,363 | +3.9% |
| Financial income | 75/76B | €198 | €105 | -€93 | -46.8% |
| Recurring financial income | 75 | €198 | €105 | -€93 | -46.8% |
| Financial charges | 65/66B | €1,087 | €3,668 | +€2,581 | +238% |
| Recurring financial charges | 65 | €1,087 | €3,668 | +€2,581 | +238% |
| Profit (loss) for the period before taxes | 9903 | €59,689 | €59,378 | -€311 | -0.5% |
| Income taxes | 67/77 | €12,612 | €13,210 | +€598 | +4.7% |
| Profit (loss) for the period | 9904 | €47,077 | €46,167 | -€910 | -1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €47,077 | €46,167 | -€910 | -1.9% |
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 24 October 2026 via checked.be.