LOCARO: 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.
LOCARO
Largest movements
- Receivables within one year +€38,603
new in 2025: €38,603
- Debts after one year -€86,777
down €86,777 (-21.2%), from €410,251 to €323,474
- Profit (loss) carried forward +€71,735
up €71,735 (+128%), from €56,195 to €127,930
- Trade debts +€40,813
up €40,813 (+787%), from €5,187 to €46,000
- Gross operating margin +€41,093
up €41,093 (+56.3%), from €72,993 to €114,086
- Taxes +€11,080
up €11,080 (+83.3%), from €13,303 to €24,383
- Financial charges -€3,226
down €3,226 (-15.2%), from €21,195 to €17,969
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 | €1,359,536 | €1,398,494 | +€38,958 | +2.9% |
| Fixed assets | 21/28 | €1,350,000 | €1,350,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,350,000 | €1,350,000 | = | 0.0% |
| Current assets | 29/58 | €9,536 | €48,494 | +€38,958 | +409% |
| Amounts receivable within one year | 40/41 | - | €38,603 | +€38,603 | |
| Trade receivables | 40 | - | €38,603 | +€38,603 | |
| Cash at bank and in hand | 54/58 | €9,536 | €9,891 | +€355 | +3.7% |
| Total equity and liabilities | 10/49 | €1,359,536 | €1,398,494 | +€38,958 | +2.9% |
| Equity | 10/15 | €61,195 | €132,930 | +€71,735 | +117% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,195 | €127,930 | +€71,735 | +128% |
| Amounts payable | 17/49 | €1,298,341 | €1,265,564 | -€32,777 | -2.5% |
| Amounts payable after more than one year | 17 | €410,251 | €323,474 | -€86,777 | -21.2% |
| Financial debts | 170/4 | €410,251 | €323,474 | -€86,777 | -21.2% |
| Amounts payable within one year | 42/48 | €888,090 | €942,090 | +€54,000 | +6.1% |
| Current portion of amounts payable after more than one year | 42 | €91,889 | €95,220 | +€3,331 | +3.6% |
| Trade debts | 44 | €5,187 | €46,000 | +€40,813 | +787% |
| Suppliers | 440/4 | €5,187 | €46,000 | +€40,813 | +787% |
| Taxes, remuneration and social security | 45 | €32,668 | €44,025 | +€11,357 | +34.8% |
| Taxes | 450/3 | €32,668 | €44,025 | +€11,357 | +34.8% |
| Other amounts payable | 47/48 | €758,345 | €756,845 | -€1,500 | -0.2% |
| Gross operating margin | 9900 | €72,993 | €114,086 | +€41,093 | +56.3% |
| Operating profit (loss) | 9901 | €72,993 | €114,086 | +€41,093 | +56.3% |
| Financial charges | 65/66B | €21,195 | €17,969 | -€3,226 | -15.2% |
| Recurring financial charges | 65 | €21,195 | €17,969 | -€3,226 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | €51,798 | €96,118 | +€44,320 | +85.6% |
| Income taxes | 67/77 | €13,303 | €24,383 | +€11,080 | +83.3% |
| Profit (loss) for the period | 9904 | €38,495 | €71,735 | +€33,240 | +86.3% |
| Profit (loss) for the period to be appropriated | 9905 | €38,495 | €71,735 | +€33,240 | +86.3% |
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 21 October 2026 via checked.be.