LOCASIX: 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.
What changed
LOCASIX
NACE 77.399, Renting and leasing of other machinery, equipment and tangible goods
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · €1.1m+€20,374
Equity
€5.3m
2024 · €4.1m+€1.1m
Cash
€273,041
2024 · €557,128-€284,087
Balance sheet total
€15.6m
2024 · €15.3m+€276,414
Largest movements
Assets
- Tangible fixed assets +€432,014
up €432,014 (+3.9%), from €11.0m to €11.5m
of which Plant, machinery and equipment: +€531,177
- Cash -€284,087
down €284,087 (-51.0%), from €557,128 to €273,041
mainly Investment in fixed assets (net) (-€3.3m) and Other debts (-€1.1m)
- Receivables within one year +€224,736
up €224,736 (+9.3%), from €2.4m to €2.6m
of which Other amounts receivable: +€174,705
Equity and liabilities
- Reserves +€1.4m
up €1.4m (+49.4%), from €2.8m to €4.2m
of which Distributable reserves: +€1.2m
- Other debts -€1.1m
down €1.1m (-90.4%), from €1.2m to €117,434
- Current portion of long-term debt +€615,416
up €615,416 (+34.4%), from €1.8m to €2.4m
- Debts after one year -€285,568
down €285,568 (-4.4%), from €6.5m to €6.2m
- Profit (loss) carried forward -€271,394
down €271,394 (-100%), from €271,394 to €0
Income statement
- Gross operating margin +€423,989
up €423,989 (+6.6%), from €6.4m to €6.8m
- Staff costs +€202,266
up €202,266 (+9.3%), from €2.2m to €2.4m
- Depreciation +€195,639
up €195,639 (+7.2%), from €2.7m to €2.9m
- Financial income +€72,324
up €72,324 (+27.6%), from €261,868 to €334,191
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.
Result 2024
€1.1m
Gross operating margin
+€423,989
Staff costs
-€202,266
Depreciation
-€195,639
Write-downs
-€8,601
Other operating charges
-€29,602
Other operating items
+€7,112
Financial income
+€72,324
Financial charges
-€29,933
Taxes
-€919
Deferred taxes and other
-€16,089
Result 2025
€1.1m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€2.7m
Investment
-€3.3m
Financing
+€329,848
Cash 2024
€557,128
From operations (derived)
+€2.7m
Net result for the year
+€1.1m
Depreciation
+€2.9m
Receivables within one year
-€224,736
Deferred charges and accrued income
+€63,721
Provisions
+€57,924
Trade debts
+€668
Tax, wage and social debts
-€46,000
Other debts
-€1.1m
Accrued charges and deferred income
-€87,871
Investment (derived)
-€3.3m
Investment in fixed assets (net)
-€3.3m
Current investments
+€2,428
Financing
+€329,848
Debts after one year
-€285,568
Current portion of long-term debt
+€615,416
Cash 2025
€273,041
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,338,048 | €15,614,462 | +€276,414 | +1.8% |
| Fixed assets | 21/28 | €12,063,531 | €12,465,445 | +€401,914 | +3.3% |
| Intangible fixed assets | 21 | €30,100 | €0 | -€30,100 | -100% |
| Tangible fixed assets | 22/27 | €11,033,372 | €11,465,386 | +€432,014 | +3.9% |
| Land and buildings | 22 | €344,210 | €324,810 | -€19,401 | -5.6% |
| Plant, machinery and equipment | 23 | €8,805,562 | €9,336,739 | +€531,177 | +6.0% |
| Furniture and vehicles | 24 | €170,856 | €198,917 | +€28,061 | +16.4% |
| Leasing and similar rights | 25 | €448,444 | €483,038 | +€34,594 | +7.7% |
| Other tangible fixed assets | 26 | €1,264,299 | €1,121,883 | -€142,416 | -11.3% |
| Financial fixed assets | 28 | €1,000,058 | €1,000,058 | = | 0.0% |
| Current assets | 29/58 | €3,274,517 | €3,149,018 | -€125,500 | -3.8% |
| Amounts receivable within one year | 40/41 | €2,420,736 | €2,645,472 | +€224,736 | +9.3% |
| Trade receivables | 40 | €2,370,279 | €2,420,309 | +€50,031 | +2.1% |
| Other amounts receivable | 41 | €50,457 | €225,162 | +€174,705 | +346% |
| Current investments | 50/53 | €22,273 | €19,845 | -€2,428 | -10.9% |
| Cash at bank and in hand | 54/58 | €557,128 | €273,041 | -€284,087 | -51.0% |
| Deferred charges and accrued income | 490/1 | €274,381 | €210,660 | -€63,721 | -23.2% |
| Total equity and liabilities | 10/49 | €15,338,048 | €15,614,462 | +€276,414 | +1.8% |
| Equity | 10/15 | €4,147,551 | €5,276,396 | +€1.1m | +27.2% |
| Contributions | 10/11 | €1,042,142 | €1,042,142 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Contributions outside capital | 11 | €42,142 | €42,142 | = | 0.0% |
| Share premium | 1100/10 | €42,142 | €42,142 | = | 0.0% |
| Reserves | 13 | €2,834,015 | €4,234,254 | +€1.4m | +49.4% |
| Non-distributable reserves | 130/1 | €129,814 | €129,814 | = | 0.0% |
| Legal reserve | 130 | €127,982 | €127,982 | = | 0.0% |
| Other | 1319 | €1,832 | €1,832 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,659,544 | €2,849,559 | +€190,015 | +7.1% |
| Distributable reserves | 133 | €44,657 | €1,254,881 | +€1.2m | +2,710% |
| Profit (loss) carried forward | 14 | €271,394 | €0 | -€271,394 | -100% |
| Provisions and deferred taxes | 16 | €576,535 | €634,460 | +€57,924 | +10.0% |
| Provisions for liabilities and charges | 160/5 | €10,000 | €10,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €10,000 | €10,000 | = | 0.0% |
| Deferred taxes | 168 | €566,535 | €624,460 | +€57,924 | +10.2% |
| Amounts payable | 17/49 | €10,613,961 | €9,703,606 | -€910,355 | -8.6% |
| Amounts payable after more than one year | 17 | €6,478,591 | €6,193,023 | -€285,568 | -4.4% |
| Financial debts | 170/4 | €6,478,591 | €6,193,023 | -€285,568 | -4.4% |
| Amounts payable within one year | 42/48 | €4,038,635 | €3,501,719 | -€536,916 | -13.3% |
| Current portion of amounts payable after more than one year | 42 | €1,787,302 | €2,402,718 | +€615,416 | +34.4% |
| Trade debts | 44 | €667,345 | €668,014 | +€668 | +0.1% |
| Suppliers | 440/4 | €667,345 | €668,014 | +€668 | +0.1% |
| Taxes, remuneration and social security | 45 | €359,553 | €313,553 | -€46,000 | -12.8% |
| Taxes | 450/3 | €94,072 | €118,689 | +€24,617 | +26.2% |
| Remuneration and social security | 454/9 | €265,481 | €194,864 | -€70,617 | -26.6% |
| Other amounts payable | 47/48 | €1,224,434 | €117,434 | -€1.1m | -90.4% |
| Accrued charges and deferred income | 492/3 | €96,736 | €8,865 | -€87,871 | -90.8% |
| Non-recurring operating income | 76A | €3,092 | €18,982 | +€15,890 | +514% |
| Remuneration, social security and pensions | 62 | €2,183,412 | €2,385,678 | +€202,266 | +9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,727,710 | €2,923,349 | +€195,639 | +7.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €21,373 | €29,974 | +€8,601 | +40.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €125,450 | €155,052 | +€29,602 | +23.6% |
| Non-recurring operating charges | 66A | €7,112 | €0 | -€7,112 | -100% |
| Gross operating margin | 9900 | €6,408,298 | €6,832,287 | +€423,989 | +6.6% |
| Operating profit (loss) | 9901 | €1,343,242 | €1,338,235 | -€5,008 | -0.4% |
| Financial income | 75/76B | €261,868 | €334,191 | +€72,324 | +27.6% |
| Recurring financial income | 75 | €261,868 | €334,191 | +€72,324 | +27.6% |
| Financial charges | 65/66B | €228,578 | €258,511 | +€29,933 | +13.1% |
| Recurring financial charges | 65 | €228,578 | €258,511 | +€29,933 | +13.1% |
| Profit (loss) for the period before taxes | 9903 | €1,376,532 | €1,413,915 | +€37,383 | +2.7% |
| Transfer from deferred taxes | 780 | €149,246 | €163,226 | +€13,979 | +9.4% |
| Transfer to deferred taxes | 680 | €191,082 | €221,150 | +€30,068 | +15.7% |
| Income taxes | 67/77 | €226,226 | €227,146 | +€919 | +0.4% |
| Profit (loss) for the period | 9904 | €1,108,471 | €1,128,845 | +€20,374 | +1.8% |
| Transfer from tax-exempt reserves | 789 | €417,229 | €473,435 | +€56,206 | +13.5% |
| Transfer to tax-exempt reserves | 689 | €573,245 | €663,450 | +€90,205 | +15.7% |
| Profit (loss) for the period to be appropriated | 9905 | €952,454 | €938,830 | -€13,624 | -1.4% |
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 13 October 2026 via checked.be.