LOCAPITO: what changed
What changed
LOCAPITO
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
filed annual accounts (NBB)
Net result for the year
€249,214
2024 · €118,969+€130,245
Equity
€940,587
2024 · €691,373+€249,214
Cash
€180,656
2024 · €418,398-€237,743
Balance sheet total
€1.7m
2024 · €2.0m-€334,383
Largest movements
Assets
- Cash -€237,743
down €237,743 (-56.8%), from €418,398 to €180,656
mainly Other debts (-€542,065) and Debts after one year (-€50,000)
- Receivables within one year -€63,227
down €63,227 (-85.7%), from €73,812 to €10,585
of which Trade receivables: -€63,273
- Tangible fixed assets -€37,405
down €37,405 (-2.5%), from €1.5m to €1.5m
of which Land and buildings: -€153,386
Equity and liabilities
- Other debts -€542,065
down €542,065 (-94.4%), from €574,421 to €32,356
- Profit (loss) carried forward +€249,214
up €249,214 (+631%), from €39,514 to €288,728
- Debts after one year -€50,000
down €50,000 (-7.7%), from €650,000 to €600,000
Income statement
- Gross operating margin +€202,368
up €202,368 (+73.4%), from €275,881 to €478,249
- Taxes +€71,104
up €71,104 (+42,893%), from €166 to €71,269
- Write-downs +€42,592
new in 2025: €42,592
- Depreciation -€36,065
down €36,065 (-34.8%), from €103,516 to €67,451
- Other operating charges -€4,807
down €4,807 (-15.1%), from €31,918 to €27,111
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€118,969
Gross operating margin
+€202,368
Depreciation
+€36,065
Write-downs
-€42,592
Other operating charges
+€4,807
Other operating items
+€446
Financial income
+€4
Financial charges
+€250
Taxes
-€71,104
Result 2025
€249,214
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€157,696
Investment
-€30,046
Financing
-€50,000
Cash 2024
€418,398
From operations (derived)
-€157,696
Net result for the year
+€249,214
Depreciation
+€67,451
Receivables within one year
+€63,227
Deferred charges and accrued income
-€3,991
Trade debts
+€5,873
Tax, wage and social debts
+€11,275
Other debts
-€542,065
Accrued charges and deferred income
-€8,680
Investment (derived)
-€30,046
Investment in fixed assets (net)
-€30,046
Financing
-€50,000
Debts after one year
-€50,000
Cash 2025
€180,656
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,011,517 | €1,677,133 | -€334,383 | -16.6% |
| Fixed assets | 21/28 | €1,510,623 | €1,473,219 | -€37,405 | -2.5% |
| Tangible fixed assets | 22/27 | €1,510,623 | €1,473,219 | -€37,405 | -2.5% |
| Land and buildings | 22 | €1,497,054 | €1,343,667 | -€153,386 | -10.2% |
| Plant, machinery and equipment | 23 | €13,570 | €8,877 | -€4,693 | -34.6% |
| Assets under construction and advance payments | 27 | - | €120,674 | +€120,674 | |
| Current assets | 29/58 | €500,893 | €203,914 | -€296,979 | -59.3% |
| Amounts receivable within one year | 40/41 | €73,812 | €10,585 | -€63,227 | -85.7% |
| Trade receivables | 40 | €73,812 | €10,538 | -€63,273 | -85.7% |
| Other amounts receivable | 41 | - | €46 | +€46 | |
| Cash at bank and in hand | 54/58 | €418,398 | €180,656 | -€237,743 | -56.8% |
| Deferred charges and accrued income | 490/1 | €8,683 | €12,674 | +€3,991 | +46.0% |
| Total equity and liabilities | 10/49 | €2,011,517 | €1,677,133 | -€334,383 | -16.6% |
| Equity | 10/15 | €691,373 | €940,587 | +€249,214 | +36.0% |
| Contributions | 10/11 | €650,000 | €650,000 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,514 | €288,728 | +€249,214 | +631% |
| Amounts payable | 17/49 | €1,320,143 | €736,546 | -€583,598 | -44.2% |
| Amounts payable after more than one year | 17 | €650,000 | €600,000 | -€50,000 | -7.7% |
| Financial debts | 170/4 | €650,000 | €600,000 | -€50,000 | -7.7% |
| Amounts payable within one year | 42/48 | €615,927 | €91,010 | -€524,917 | -85.2% |
| Trade debts | 44 | €30,222 | €36,095 | +€5,873 | +19.4% |
| Suppliers | 440/4 | €30,222 | €36,095 | +€5,873 | +19.4% |
| Taxes, remuneration and social security | 45 | €11,284 | €22,560 | +€11,275 | +99.9% |
| Taxes | 450/3 | €11,284 | €22,560 | +€11,275 | +99.9% |
| Other amounts payable | 47/48 | €574,421 | €32,356 | -€542,065 | -94.4% |
| Accrued charges and deferred income | 492/3 | €54,216 | €45,536 | -€8,680 | -16.0% |
| Non-recurring operating income | 76A | €294 | €100 | -€194 | -66.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,516 | €67,451 | -€36,065 | -34.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €42,592 | +€42,592 | |
| Other operating charges | 640/8 | €31,918 | €27,111 | -€4,807 | -15.1% |
| Non-recurring operating charges | 66A | €510 | €64 | -€446 | -87.5% |
| Gross operating margin | 9900 | €275,881 | €478,249 | +€202,368 | +73.4% |
| Operating profit (loss) | 9901 | €139,937 | €341,031 | +€201,094 | +144% |
| Financial income | 75/76B | €4 | €8 | +€4 | +97.6% |
| Recurring financial income | 75 | €4 | €8 | +€4 | +97.6% |
| Financial charges | 65/66B | €20,806 | €20,556 | -€250 | -1.2% |
| Recurring financial charges | 65 | €20,806 | €20,556 | -€250 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €119,135 | €320,483 | +€201,348 | +169% |
| Income taxes | 67/77 | €166 | €71,269 | +€71,104 | +42,893% |
| Profit (loss) for the period | 9904 | €118,969 | €249,214 | +€130,245 | +109% |
| Profit (loss) for the period to be appropriated | 9905 | €118,969 | €249,214 | +€130,245 | +109% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.