LOCANEUF: 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.
LOCANEUF
Largest movements
- Tangible fixed assets -€279,073
down €279,073 (-12.7%), from €2.2m to €1.9m
of which Plant, machinery and equipment: -€247,295
- Receivables after one year +€199,877
new in 2025: €199,877
- Receivables within one year -€134,657
down €134,657 (-48.0%), from €280,766 to €146,109
of which Other amounts receivable: -€99,196
- Cash +€125,135
up €125,135 (+19.5%), from €640,308 to €765,443
mainly Depreciation (+€554,681) and Net result for the year (+€241,997)
- Deferred charges and accrued income +€33,990
up €33,990 (+236%), from €14,375 to €48,365
- Debts after one year -€179,114
down €179,114 (-20.0%), from €895,985 to €716,871
- Reserves +€91,000
up €91,000 (+8.4%), from €1.1m to €1.2m
of which Distributable reserves: +€91,000
- Tax, wage and social debts +€55,697
up €55,697 (+78.2%), from €71,249 to €126,946
of which Taxes: +€50,043
- Depreciation +€49,781
up €49,781 (+9.9%), from €504,900 to €554,681
- Staff costs +€47,871
up €47,871 (+42.4%), from €113,026 to €160,897
- Taxes -€42,064
down €42,064 (-28.6%), from €147,199 to €105,135
- Write-downs -€41,039
down €41,039 (-98.8%), from €41,556 to €517
- Gross operating margin -€28,634
down €28,634 (-2.5%), from €1.1m to €1.1m
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 | €3,169,571 | €3,125,928 | -€43,643 | -1.4% |
| Fixed assets | 21/28 | €2,197,685 | €1,918,477 | -€279,208 | -12.7% |
| Tangible fixed assets | 22/27 | €2,197,185 | €1,918,112 | -€279,073 | -12.7% |
| Land and buildings | 22 | €576,772 | €534,331 | -€42,441 | -7.4% |
| Plant, machinery and equipment | 23 | €1,286,380 | €1,039,085 | -€247,295 | -19.2% |
| Furniture and vehicles | 24 | €334,033 | €344,696 | +€10,663 | +3.2% |
| Financial fixed assets | 28 | €500 | €365 | -€135 | -27.0% |
| Current assets | 29/58 | €971,886 | €1,207,451 | +€235,565 | +24.2% |
| Amounts receivable after more than one year | 29 | - | €199,877 | +€199,877 | |
| Other amounts receivable | 291 | - | €199,877 | +€199,877 | |
| Stocks and contracts in progress | 3 | €36,437 | €47,657 | +€11,220 | +30.8% |
| Stocks | 30/36 | €36,437 | €47,657 | +€11,220 | +30.8% |
| Amounts receivable within one year | 40/41 | €280,766 | €146,109 | -€134,657 | -48.0% |
| Trade receivables | 40 | €181,570 | €146,109 | -€35,461 | -19.5% |
| Other amounts receivable | 41 | €99,196 | - | -€99,196 | |
| Cash at bank and in hand | 54/58 | €640,308 | €765,443 | +€125,135 | +19.5% |
| Deferred charges and accrued income | 490/1 | €14,375 | €48,365 | +€33,990 | +236% |
| Total equity and liabilities | 10/49 | €3,169,571 | €3,125,928 | -€43,643 | -1.4% |
| Equity | 10/15 | €1,840,220 | €1,932,217 | +€91,997 | +5.0% |
| Contributions | 10/11 | €170,000 | €170,000 | = | 0.0% |
| Capital | 10 | €170,000 | €170,000 | = | 0.0% |
| Issued capital | 100 | €170,000 | €170,000 | = | 0.0% |
| Reserves | 13 | €1,087,000 | €1,178,000 | +€91,000 | +8.4% |
| Non-distributable reserves | 130/1 | €17,000 | €17,000 | = | 0.0% |
| Legal reserve | 130 | €17,000 | €17,000 | = | 0.0% |
| Distributable reserves | 133 | €1,070,000 | €1,161,000 | +€91,000 | +8.5% |
| Profit (loss) carried forward | 14 | €583,220 | €584,217 | +€997 | +0.2% |
| Amounts payable | 17/49 | €1,329,351 | €1,193,711 | -€135,640 | -10.2% |
| Amounts payable after more than one year | 17 | €895,985 | €716,871 | -€179,114 | -20.0% |
| Financial debts | 170/4 | €895,985 | €716,871 | -€179,114 | -20.0% |
| Amounts payable within one year | 42/48 | €433,366 | €476,840 | +€43,474 | +10.0% |
| Current portion of amounts payable after more than one year | 42 | €341,563 | €315,061 | -€26,502 | -7.8% |
| Trade debts | 44 | €20,389 | €34,414 | +€14,025 | +68.8% |
| Suppliers | 440/4 | €20,389 | €34,414 | +€14,025 | +68.8% |
| Taxes, remuneration and social security | 45 | €71,249 | €126,946 | +€55,697 | +78.2% |
| Taxes | 450/3 | €57,859 | €107,902 | +€50,043 | +86.5% |
| Remuneration and social security | 454/9 | €13,390 | €19,044 | +€5,654 | +42.2% |
| Other amounts payable | 47/48 | €165 | €419 | +€254 | +154% |
| Remuneration, social security and pensions | 62 | €113,026 | €160,897 | +€47,871 | +42.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €504,900 | €554,681 | +€49,781 | +9.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €41,556 | €517 | -€41,039 | -98.8% |
| Other operating charges | 640/8 | €19,259 | €27,071 | +€7,812 | +40.6% |
| Non-recurring operating charges | 66A | €2,997 | €45 | -€2,952 | -98.5% |
| Gross operating margin | 9900 | €1,145,987 | €1,117,353 | -€28,634 | -2.5% |
| Operating profit (loss) | 9901 | €464,249 | €374,142 | -€90,107 | -19.4% |
| Financial income | 75/76B | €2,721 | €12,847 | +€10,126 | +372% |
| Recurring financial income | 75 | €2,721 | €12,847 | +€10,126 | +372% |
| Financial charges | 65/66B | €33,421 | €39,857 | +€6,436 | +19.3% |
| Recurring financial charges | 65 | €33,421 | €39,857 | +€6,436 | +19.3% |
| Profit (loss) for the period before taxes | 9903 | €433,549 | €347,132 | -€86,417 | -19.9% |
| Income taxes | 67/77 | €147,199 | €105,135 | -€42,064 | -28.6% |
| Profit (loss) for the period | 9904 | €286,350 | €241,997 | -€44,353 | -15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €286,350 | €241,997 | -€44,353 | -15.5% |
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 18 October 2026 via checked.be.