LOCASCHEEN: 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.
LOCASCHEEN
Largest movements
- Tangible fixed assets +€775,153
up €775,153 (+152%), from €510,812 to €1.3m
of which Leasing and similar rights: +€516,406
- Cash -€17,110
down €17,110 (-17.6%), from €97,159 to €80,049
mainly Investment in fixed assets (net) (-€877,316) and Receivables within one year (-€15,443)
- Receivables within one year +€15,443
up €15,443 (+114%), from €13,522 to €28,965
of which Trade receivables: +€10,742
- Debts after one year +€582,442
up €582,442 (+136%), from €428,068 to €1.0m
- Profit (loss) carried forward +€134,482
up €134,482 (+177%), from €76,166 to €210,648
- Current portion of long-term debt +€47,067
up €47,067 (+69.5%), from €67,707 to €114,774
- Reserves +€15,000
up €15,000 (+60.0%), from €25,000 to €40,000
- Gross operating margin +€83,484
up €83,484 (+29.8%), from €280,279 to €363,763
- Staff costs +€21,220
up €21,220 (+89.9%), from €23,597 to €44,816
- Depreciation +€13,485
up €13,485 (+15.5%), from €86,833 to €100,318
- Financial charges +€6,534
up €6,534 (+22.1%), from €29,606 to €36,140
- Taxes -€5,453
down €5,453 (-19.2%), from €28,380 to €22,927
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 | €641,931 | €1,417,274 | +€775,343 | +121% |
| Fixed assets | 21/28 | €519,813 | €1,296,811 | +€776,998 | +149% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €510,812 | €1,285,965 | +€775,153 | +152% |
| Land and buildings | 22 | - | €339,904 | +€339,904 | |
| Plant, machinery and equipment | 23 | €362,068 | €317,806 | -€44,263 | -12.2% |
| Furniture and vehicles | 24 | €143,877 | €107,957 | -€35,921 | -25.0% |
| Leasing and similar rights | 25 | - | €516,406 | +€516,406 | |
| Other tangible fixed assets | 26 | €4,866 | €3,893 | -€973 | -20.0% |
| Financial fixed assets | 28 | €9,000 | €10,845 | +€1,845 | +20.5% |
| Current assets | 29/58 | €122,118 | €120,462 | -€1,656 | -1.4% |
| Amounts receivable within one year | 40/41 | €13,522 | €28,965 | +€15,443 | +114% |
| Trade receivables | 40 | €9,758 | €20,501 | +€10,742 | +110% |
| Other amounts receivable | 41 | €3,763 | €8,464 | +€4,701 | +125% |
| Cash at bank and in hand | 54/58 | €97,159 | €80,049 | -€17,110 | -17.6% |
| Deferred charges and accrued income | 490/1 | €11,438 | €11,449 | +€11 | +0.1% |
| Total equity and liabilities | 10/49 | €641,931 | €1,417,274 | +€775,343 | +121% |
| Equity | 10/15 | €106,166 | €255,648 | +€149,482 | +141% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €25,000 | €40,000 | +€15,000 | +60.0% |
| Distributable reserves | 133 | €25,000 | €40,000 | +€15,000 | +60.0% |
| Profit (loss) carried forward | 14 | €76,166 | €210,648 | +€134,482 | +177% |
| Amounts payable | 17/49 | €535,765 | €1,161,625 | +€625,860 | +117% |
| Amounts payable after more than one year | 17 | €428,068 | €1,010,510 | +€582,442 | +136% |
| Financial debts | 170/4 | €428,068 | €1,010,510 | +€582,442 | +136% |
| Amounts payable within one year | 42/48 | €107,696 | €151,115 | +€43,419 | +40.3% |
| Current portion of amounts payable after more than one year | 42 | €67,707 | €114,774 | +€47,067 | +69.5% |
| Trade debts | 44 | €18,268 | €18,682 | +€414 | +2.3% |
| Suppliers | 440/4 | €18,268 | €18,682 | +€414 | +2.3% |
| Taxes, remuneration and social security | 45 | €9,474 | €6,686 | -€2,789 | -29.4% |
| Taxes | 450/3 | €3,380 | €3,168 | -€213 | -6.3% |
| Remuneration and social security | 454/9 | €6,094 | €3,518 | -€2,576 | -42.3% |
| Other amounts payable | 47/48 | €12,247 | €10,973 | -€1,274 | -10.4% |
| Remuneration, social security and pensions | 62 | €23,597 | €44,816 | +€21,220 | +89.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,833 | €100,318 | +€13,485 | +15.5% |
| Other operating charges | 640/8 | €10,740 | €10,080 | -€660 | -6.1% |
| Gross operating margin | 9900 | €280,279 | €363,763 | +€83,484 | +29.8% |
| Operating profit (loss) | 9901 | €159,110 | €208,549 | +€49,439 | +31.1% |
| Financial income | 75/76B | €43 | €0 | -€42 | -99.1% |
| Recurring financial income | 75 | €43 | €0 | -€42 | -99.1% |
| Financial charges | 65/66B | €29,606 | €36,140 | +€6,534 | +22.1% |
| Recurring financial charges | 65 | €29,606 | €36,140 | +€6,534 | +22.1% |
| Profit (loss) for the period before taxes | 9903 | €129,546 | €172,409 | +€42,863 | +33.1% |
| Income taxes | 67/77 | €28,380 | €22,927 | -€5,453 | -19.2% |
| Profit (loss) for the period | 9904 | €101,166 | €149,482 | +€48,317 | +47.8% |
| Profit (loss) for the period to be appropriated | 9905 | €101,166 | €149,482 | +€48,317 | +47.8% |
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 26 October 2026 via checked.be.