Locatel: 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.
Locatel
Largest movements
- Tangible fixed assets -€47,988
down €47,988 (-3.1%), from €1.5m to €1.5m
of which Land and buildings: -€46,388
- Debts after one year -€40,689
down €40,689 (-5.5%), from €743,559 to €702,870
- Profit (loss) carried forward +€19,044
up €19,044 (+12.5%), from -€152,883 to -€133,839
- Gross operating margin +€122,552
up €122,552, from -€30,979 to €91,573
- Financial charges +€10,935
up €10,935 (+53.9%), from €20,300 to €31,235
- Depreciation +€9,937
up €9,937 (+26.1%), from €38,051 to €47,988
- Purchases and services +€6,827
new in 2025: €6,827
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 | €1,535,581 | €1,489,800 | -€45,781 | -3.0% |
| Fixed assets | 21/28 | €1,535,506 | €1,487,518 | -€47,988 | -3.1% |
| Tangible fixed assets | 22/27 | €1,535,506 | €1,487,518 | -€47,988 | -3.1% |
| Land and buildings | 22 | €1,502,381 | €1,455,993 | -€46,388 | -3.1% |
| Plant, machinery and equipment | 23 | €33,125 | €31,525 | -€1,600 | -4.8% |
| Current assets | 29/58 | €75 | €2,282 | +€2,207 | +2939.7% |
| Cash at bank and in hand | 54/58 | €75 | €2,282 | +€2,207 | +2939.7% |
| Total equity and liabilities | 10/49 | €1,535,581 | €1,489,800 | -€45,781 | -3.0% |
| Equity | 10/15 | €204,791 | €211,333 | +€6,542 | +3.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | - | €18,592 | +€18,592 | |
| Other | 1109/19 | - | €18,592 | +€18,592 | |
| Revaluation surpluses | 12 | €31,235 | €31,235 | = | 0.0% |
| Reserves | 13 | €307,848 | €295,345 | -€12,502 | -4.1% |
| Non-distributable reserves | 130/1 | €627 | €627 | = | 0.0% |
| Reserves not available under the articles | 1311 | €627 | €627 | = | 0.0% |
| Tax-exempt reserves | 132 | €307,220 | €294,718 | -€12,502 | -4.1% |
| Profit (loss) carried forward | 14 | -€152,883 | -€133,839 | +€19,044 | +12.5% |
| Amounts payable | 17/49 | €1,330,791 | €1,278,467 | -€52,323 | -3.9% |
| Amounts payable after more than one year | 17 | €743,559 | €702,870 | -€40,689 | -5.5% |
| Financial debts | 170/4 | €743,559 | €702,870 | -€40,689 | -5.5% |
| Amounts payable within one year | 42/48 | €585,511 | €573,877 | -€11,634 | -2.0% |
| Financial debts | 43 | €39,859 | €40,689 | +€830 | +2.1% |
| Credit institutions | 430/8 | €39,859 | €40,689 | +€830 | +2.1% |
| Taxes, remuneration and social security | 45 | €4,730 | - | -€4,730 | |
| Taxes | 450/3 | €4,730 | - | -€4,730 | |
| Other amounts payable | 47/48 | €540,921 | €533,187 | -€7,734 | -1.4% |
| Accrued charges and deferred income | 492/3 | €1,721 | €1,721 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €6,827 | +€6,827 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,051 | €47,988 | +€9,937 | +26.1% |
| Other operating charges | 640/8 | €5,118 | €5,808 | +€690 | +13.5% |
| Gross operating margin | 9900 | -€30,979 | €91,573 | +€122,552 | |
| Operating profit (loss) | 9901 | -€74,148 | €37,777 | +€111,925 | |
| Financial charges | 65/66B | €20,300 | €31,235 | +€10,935 | +53.9% |
| Recurring financial charges | 65 | €20,300 | €31,235 | +€10,935 | +53.9% |
| Profit (loss) for the period before taxes | 9903 | -€94,448 | €6,542 | +€100,990 | |
| Profit (loss) for the period | 9904 | -€94,448 | €6,542 | +€100,990 | |
| Transfer from tax-exempt reserves | 789 | €12,502 | €12,502 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€81,946 | €19,044 | +€100,990 |
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 11 October 2026 via checked.be.