LoCaPiPo: 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.
LoCaPiPo
Largest movements
- Tangible fixed assets -€79,481
down €79,481 (-7.9%), from €1.0m to €921,093
of which Land and buildings: -€74,645
- Cash +€26,393
up €26,393 (+150%), from €17,581 to €43,974
mainly Depreciation (+€79,481) and Receivables within one year (+€12,387)
- Receivables within one year -€12,387
down €12,387 (-64.5%), from €19,210 to €6,823
of which Trade receivables: -€12,554
- Debts after one year -€72,260
down €72,260 (-7.2%), from €1.0m to €931,797
- Gross operating margin +€1,796
up €1,796 (+1.5%), from €120,009 to €121,805
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 | €1,039,165 | €972,226 | -€66,940 | -6.4% |
| Fixed assets | 21/28 | €1,000,574 | €921,093 | -€79,481 | -7.9% |
| Tangible fixed assets | 22/27 | €1,000,574 | €921,093 | -€79,481 | -7.9% |
| Land and buildings | 22 | €986,657 | €912,012 | -€74,645 | -7.6% |
| Plant, machinery and equipment | 23 | €12,582 | €8,774 | -€3,808 | -30.3% |
| Furniture and vehicles | 24 | €1,335 | €307 | -€1,028 | -77.0% |
| Current assets | 29/58 | €38,591 | €51,133 | +€12,542 | +32.5% |
| Amounts receivable within one year | 40/41 | €19,210 | €6,823 | -€12,387 | -64.5% |
| Trade receivables | 40 | €19,190 | €6,636 | -€12,554 | -65.4% |
| Other amounts receivable | 41 | €19 | €186 | +€167 | +858% |
| Cash at bank and in hand | 54/58 | €17,581 | €43,974 | +€26,393 | +150% |
| Deferred charges and accrued income | 490/1 | €1,800 | €336 | -€1,464 | -81.3% |
| Total equity and liabilities | 10/49 | €1,039,165 | €972,226 | -€66,940 | -6.4% |
| Equity | 10/15 | -€280,029 | -€276,482 | +€3,548 | +1.3% |
| Contributions | 10/11 | €18,900 | €18,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€298,929 | -€295,382 | +€3,548 | +1.2% |
| Amounts payable | 17/49 | €1,319,195 | €1,248,707 | -€70,487 | -5.3% |
| Amounts payable after more than one year | 17 | €1,004,057 | €931,797 | -€72,260 | -7.2% |
| Financial debts | 170/4 | €1,004,057 | €931,797 | -€72,260 | -7.2% |
| Amounts payable within one year | 42/48 | €306,881 | €308,284 | +€1,403 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €71,068 | €72,260 | +€1,192 | +1.7% |
| Financial debts | 43 | €6,934 | €6,844 | -€90 | -1.3% |
| Credit institutions | 430/8 | €5,513 | €6,844 | +€1,331 | +24.1% |
| Other loans | 439 | €1,421 | €0 | -€1,421 | -100% |
| Trade debts | 44 | €10,174 | €6,092 | -€4,081 | -40.1% |
| Suppliers | 440/4 | €10,174 | €6,092 | -€4,081 | -40.1% |
| Taxes, remuneration and social security | 45 | €2,781 | €3,064 | +€283 | +10.2% |
| Taxes | 450/3 | €1,932 | €2,196 | +€264 | +13.7% |
| Remuneration and social security | 454/9 | €849 | €867 | +€19 | +2.2% |
| Other amounts payable | 47/48 | €215,925 | €220,024 | +€4,099 | +1.9% |
| Accrued charges and deferred income | 492/3 | €8,257 | €8,627 | +€370 | +4.5% |
| Remuneration, social security and pensions | 62 | €13,062 | €13,471 | +€409 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,085 | €79,481 | +€397 | +0.5% |
| Other operating charges | 640/8 | €3,712 | €3,825 | +€113 | +3.1% |
| Gross operating margin | 9900 | €120,009 | €121,805 | +€1,796 | +1.5% |
| Operating profit (loss) | 9901 | €24,152 | €25,029 | +€877 | +3.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €22,666 | €21,481 | -€1,185 | -5.2% |
| Recurring financial charges | 65 | €22,666 | €21,481 | -€1,185 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €1,485 | €3,548 | +€2,062 | +139% |
| Profit (loss) for the period | 9904 | €1,485 | €3,548 | +€2,062 | +139% |
| Profit (loss) for the period to be appropriated | 9905 | €1,485 | €3,548 | +€2,062 | +139% |
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 19 October 2026 via checked.be.