LOCANURG: 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.
LOCANURG
Largest movements
- Cash +€184,647
up €184,647 (+96.2%), from €191,945 to €376,592
mainly Net result for the year (+€252,489) and Depreciation (+€14,436)
- Deferred charges and accrued income +€60,734
up €60,734 (+38.3%), from €158,706 to €219,439
- Tangible fixed assets -€12,957
down €12,957 (-27.5%), from €47,134 to €34,177
- Receivables within one year +€7,569
new in 2025: €7,569
- Reserves +€252,489
up €252,489 (+59.4%), from €425,164 to €677,654
- Current portion of long-term debt -€17,054
no longer reported in 2025 (was €17,054)
- Gross operating margin -€245,618
down €245,618 (-41.7%), from €588,811 to €343,193
- Taxes -€57,957
down €57,957 (-42.5%), from €136,318 to €78,361
- Depreciation -€10,237
down €10,237 (-41.5%), from €24,672 to €14,436
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 | €497,784 | €737,778 | +€239,993 | +48.2% |
| Fixed assets | 21/28 | €47,134 | €34,177 | -€12,957 | -27.5% |
| Tangible fixed assets | 22/27 | €47,134 | €34,177 | -€12,957 | -27.5% |
| Furniture and vehicles | 24 | €47,134 | €34,177 | -€12,957 | -27.5% |
| Current assets | 29/58 | €450,651 | €703,600 | +€252,950 | +56.1% |
| Amounts receivable within one year | 40/41 | - | €7,569 | +€7,569 | |
| Other amounts receivable | 41 | - | €7,569 | +€7,569 | |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €191,945 | €376,592 | +€184,647 | +96.2% |
| Deferred charges and accrued income | 490/1 | €158,706 | €219,439 | +€60,734 | +38.3% |
| Total equity and liabilities | 10/49 | €497,784 | €737,778 | +€239,993 | +48.2% |
| Equity | 10/15 | €427,164 | €679,654 | +€252,489 | +59.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €425,164 | €677,654 | +€252,489 | +59.4% |
| Distributable reserves | 133 | €425,164 | €677,654 | +€252,489 | +59.4% |
| Amounts payable | 17/49 | €70,620 | €58,124 | -€12,496 | -17.7% |
| Amounts payable within one year | 42/48 | €70,620 | €58,124 | -€12,496 | -17.7% |
| Current portion of amounts payable after more than one year | 42 | €17,054 | - | -€17,054 | |
| Trade debts | 44 | €5,890 | €3,836 | -€2,054 | -34.9% |
| Suppliers | 440/4 | €5,890 | €3,836 | -€2,054 | -34.9% |
| Taxes, remuneration and social security | 45 | €46,318 | €50,771 | +€4,453 | +9.6% |
| Taxes | 450/3 | €46,318 | €50,771 | +€4,453 | +9.6% |
| Other amounts payable | 47/48 | €1,358 | €3,517 | +€2,159 | +159% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,672 | €14,436 | -€10,237 | -41.5% |
| Other operating charges | 640/8 | €1,575 | €811 | -€764 | -48.5% |
| Gross operating margin | 9900 | €588,811 | €343,193 | -€245,618 | -41.7% |
| Operating profit (loss) | 9901 | €562,563 | €327,946 | -€234,618 | -41.7% |
| Financial income | 75/76B | - | €3,100 | +€3,100 | |
| Recurring financial income | 75 | - | €3,100 | +€3,100 | |
| Financial charges | 65/66B | €1,081 | €195 | -€885 | -81.9% |
| Recurring financial charges | 65 | €1,081 | €195 | -€885 | -81.9% |
| Profit (loss) for the period before taxes | 9903 | €561,483 | €330,850 | -€230,632 | -41.1% |
| Income taxes | 67/77 | €136,318 | €78,361 | -€57,957 | -42.5% |
| Profit (loss) for the period | 9904 | €425,164 | €252,489 | -€172,675 | -40.6% |
| Profit (loss) for the period to be appropriated | 9905 | €425,164 | €252,489 | -€172,675 | -40.6% |
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.