LOCAREST: what changed
Two fiscal 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.
LOCAREST
Largest movements
- Cash +€51,486
up €51,486 (+30.7%), from €167,576 to €219,062
mainly Net result for the year (+€58,834) and Depreciation (+€16,767)
- Tangible fixed assets -€6,983
down €6,983 (-8.7%), from €80,117 to €73,134
of which Furniture and vehicles: -€5,263
- Profit (loss) carried forward +€55,892
up €55,892 (+29.1%), from -€192,258 to -€136,366
- Accrued charges and deferred income -€13,200
no longer reported in 2025 (was €13,200)
- Current portion of long-term debt -€3,977
down €3,977 (-9.7%), from €41,189 to €37,213
- Reserves +€2,942
up €2,942 (+161.6%), from €1,820 to €4,762
- Financial charges -€41,702
down €41,702 (-99.6%), from €41,884 to €181
- Gross operating margin -€22,687
down €22,687 (-22.0%), from €103,190 to €80,503
- Financial income -€15,465
down €15,465 (-91.3%), from €16,947 to €1,481
- Depreciation -€12,659
down €12,659 (-43.0%), from €29,425 to €16,767
- Other operating charges -€6,222
down €6,222 (-50.1%), from €12,424 to €6,202
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.
Cash bridge derived
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 | €248,377 | €292,880 | +€44,503 | +17.9% |
| Fixed assets | 21/28 | €80,117 | €73,134 | -€6,983 | -8.7% |
| Tangible fixed assets | 22/27 | €80,117 | €73,134 | -€6,983 | -8.7% |
| Land and buildings | 22 | €71,779 | €70,059 | -€1,720 | -2.4% |
| Furniture and vehicles | 24 | €8,338 | €3,075 | -€5,263 | -63.1% |
| Current assets | 29/58 | €168,261 | €219,747 | +€51,486 | +30.6% |
| Amounts receivable within one year | 40/41 | €685 | €685 | = | 0.0% |
| Trade receivables | 40 | €685 | €685 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €167,576 | €219,062 | +€51,486 | +30.7% |
| Total equity and liabilities | 10/49 | €248,377 | €292,880 | +€44,503 | +17.9% |
| Equity | 10/15 | -€128,438 | -€69,604 | +€58,834 | +45.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,820 | €4,762 | +€2,942 | +161.6% |
| Non-distributable reserves | 130/1 | €1,820 | €4,762 | +€2,942 | +161.6% |
| Legal reserve | 130 | €1,820 | €4,762 | +€2,942 | +161.6% |
| Profit (loss) carried forward | 14 | -€192,258 | -€136,366 | +€55,892 | +29.1% |
| Amounts payable | 17/49 | €376,816 | €362,485 | -€14,331 | -3.8% |
| Amounts payable after more than one year | 17 | €310,000 | €310,000 | = | 0.0% |
| Other amounts payable | 178/9 | €310,000 | €310,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €53,616 | €52,485 | -€1,131 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €41,189 | €37,213 | -€3,977 | -9.7% |
| Trade debts | 44 | €8,979 | €11,537 | +€2,558 | +28.5% |
| Suppliers | 440/4 | €8,979 | €11,537 | +€2,558 | +28.5% |
| Taxes, remuneration and social security | 45 | €321 | €609 | +€288 | +89.9% |
| Taxes | 450/3 | €321 | €609 | +€288 | +89.9% |
| Other amounts payable | 47/48 | €3,126 | €3,126 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €13,200 | - | -€13,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,425 | €16,767 | -€12,659 | -43.0% |
| Other operating charges | 640/8 | €12,424 | €6,202 | -€6,222 | -50.1% |
| Gross operating margin | 9900 | €103,190 | €80,503 | -€22,687 | -22.0% |
| Operating profit (loss) | 9901 | €61,341 | €57,534 | -€3,807 | -6.2% |
| Financial income | 75/76B | €16,947 | €1,481 | -€15,465 | -91.3% |
| Recurring financial income | 75 | €16,947 | €1,481 | -€15,465 | -91.3% |
| Financial charges | 65/66B | €41,884 | €181 | -€41,702 | -99.6% |
| Recurring financial charges | 65 | €41,884 | €181 | -€41,702 | -99.6% |
| Profit (loss) for the period before taxes | 9903 | €36,404 | €58,834 | +€22,430 | +61.6% |
| Profit (loss) for the period | 9904 | €36,404 | €58,834 | +€22,430 | +61.6% |
| Profit (loss) for the period to be appropriated | 9905 | €36,404 | €58,834 | +€22,430 | +61.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.