LOCASA: 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.
LOCASA
Largest movements
- Cash -€28,499
down €28,499 (-100%), from €28,499 to €0
mainly Investment in fixed assets (net) (-€82,736) and Trade debts (-€51,189)
- Tangible fixed assets +€24,924
up €24,924 (+5.0%), from €494,122 to €519,046
of which Furniture and vehicles: +€51,151
- Stocks and contracts -€13,669
down €13,669 (-36.0%), from €37,984 to €24,315
- Receivables within one year +€10,079
up €10,079 (+690%), from €1,460 to €11,538
of which Trade receivables: +€9,323
- Deferred charges and accrued income -€6,635
down €6,635 (-22.6%), from €29,392 to €22,757
- Short-term financial debts +€57,365
up €57,365, from €0 to €57,365
- Trade debts -€51,189
down €51,189 (-53.6%), from €95,495 to €44,306
- Profit (loss) carried forward -€34,548
down €34,548 (-306%), from -€11,277 to -€45,825
- Debts after one year +€29,236
up €29,236 (+10.6%), from €274,621 to €303,857
- Other debts -€28,997
down €28,997 (-17.7%), from €164,230 to €135,233
- Depreciation +€14,718
up €14,718 (+34.2%), from €43,093 to €57,811
- Gross operating margin -€6,373
down €6,373 (-10.6%), from €59,877 to €53,505
- Other operating charges -€2,630
down €2,630 (-25.8%), from €10,195 to €7,564
- Financial charges +€692
up €692 (+3.3%), from €21,136 to €21,828
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 | €591,706 | €577,906 | -€13,800 | -2.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €494,372 | €519,296 | +€24,924 | +5.0% |
| Tangible fixed assets | 22/27 | €494,122 | €519,046 | +€24,924 | +5.0% |
| Land and buildings | 22 | €448,201 | €430,759 | -€17,443 | -3.9% |
| Plant, machinery and equipment | 23 | €32,827 | €24,044 | -€8,783 | -26.8% |
| Furniture and vehicles | 24 | €13,093 | €64,244 | +€51,151 | +391% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €97,334 | €58,610 | -€38,724 | -39.8% |
| Stocks and contracts in progress | 3 | €37,984 | €24,315 | -€13,669 | -36.0% |
| Stocks | 30/36 | €37,984 | €24,315 | -€13,669 | -36.0% |
| Amounts receivable within one year | 40/41 | €1,460 | €11,538 | +€10,079 | +690% |
| Trade receivables | 40 | €1,011 | €10,334 | +€9,323 | +922% |
| Other amounts receivable | 41 | €449 | €1,205 | +€756 | +168% |
| Cash at bank and in hand | 54/58 | €28,499 | €0 | -€28,499 | -100% |
| Deferred charges and accrued income | 490/1 | €29,392 | €22,757 | -€6,635 | -22.6% |
| Total equity and liabilities | 10/49 | €591,706 | €577,906 | -€13,800 | -2.3% |
| Equity | 10/15 | €7,530 | -€27,018 | -€34,548 | |
| Contributions | 10/11 | €18,807 | €18,807 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,277 | -€45,825 | -€34,548 | -306% |
| Amounts payable | 17/49 | €584,176 | €604,924 | +€20,748 | +3.6% |
| Amounts payable after more than one year | 17 | €274,621 | €303,857 | +€29,236 | +10.6% |
| Financial debts | 170/4 | €274,621 | €303,857 | +€29,236 | +10.6% |
| Amounts payable within one year | 42/48 | €309,555 | €300,311 | -€9,244 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €36,366 | €61,622 | +€25,256 | +69.4% |
| Financial debts | 43 | €0 | €57,365 | +€57,365 | |
| Credit institutions | 430/8 | €0 | €57,365 | +€57,365 | |
| Trade debts | 44 | €95,495 | €44,306 | -€51,189 | -53.6% |
| Suppliers | 440/4 | €95,495 | €44,306 | -€51,189 | -53.6% |
| Taxes, remuneration and social security | 45 | €13,464 | €1,785 | -€11,679 | -86.7% |
| Taxes | 450/3 | €13,464 | €1,785 | -€11,679 | -86.7% |
| Other amounts payable | 47/48 | €164,230 | €135,233 | -€28,997 | -17.7% |
| Accrued charges and deferred income | 492/3 | - | €757 | +€757 | |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,093 | €57,811 | +€14,718 | +34.2% |
| Other operating charges | 640/8 | €10,195 | €7,564 | -€2,630 | -25.8% |
| Operating charges capitalised as restructuring costs | 649 | €0 | - | = | |
| Non-recurring operating charges | 66A | €6,147 | €872 | -€5,276 | -85.8% |
| Gross operating margin | 9900 | €59,877 | €53,505 | -€6,373 | -10.6% |
| Operating profit (loss) | 9901 | €442 | -€12,742 | -€13,185 | |
| Financial income | 75/76B | €0 | €51 | +€51 | |
| Recurring financial income | 75 | €0 | €51 | +€51 | |
| Financial charges | 65/66B | €21,136 | €21,828 | +€692 | +3.3% |
| Recurring financial charges | 65 | €21,136 | €21,828 | +€692 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | -€20,694 | -€34,519 | -€13,825 | -66.8% |
| Income taxes | 67/77 | €0 | €29 | +€29 | |
| Profit (loss) for the period | 9904 | -€20,694 | -€34,548 | -€13,854 | -66.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,694 | -€34,548 | -€13,854 | -66.9% |
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 18 October 2026 via checked.be.