LOCATEX: 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
LOCATEX
NACE 47.512, Retail sale of household textiles and bedding
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€21,168
2025 · €21,709-€542
Equity
€1.2m
2025 · €1.2m+€21,168
Cash
€3,244
2025 · €9,909-€6,665
Balance sheet total
€3.1m
2025 · €2.4m+€715,756
Largest movements
Assets
- Tangible fixed assets +€766,642
up €766,642 (+106%), from €724,420 to €1.5m
of which Land and buildings: +€774,849
- Stocks and contracts -€64,811
down €64,811 (-4.7%), from €1.4m to €1.3m
Equity and liabilities
- Debts after one year +€650,810
up €650,810 (+147%), from €444,132 to €1.1m
of which Financial debts: +€650,810
- Short-term financial debts +€92,000
up €92,000 (+35.4%), from €260,200 to €352,200
of which Other loans: +€102,000
- Trade debts -€74,615
down €74,615 (-19.6%), from €381,014 to €306,399
- Current portion of long-term debt +€35,656
up €35,656 (+56.9%), from €62,621 to €98,276
Income statement
- Gross operating margin +€72,151
up €72,151 (+14.1%), from €513,253 to €585,404
- Staff costs +€30,562
up €30,562 (+11.9%), from €255,888 to €286,450
- Depreciation +€27,815
up €27,815 (+48.2%), from €57,685 to €85,501
- Financial charges +€23,259
up €23,259 (+61.2%), from €38,027 to €61,286
of which Non-recurring financial charges: +€21,839
From the 2025 result to the 2026 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 2025
€21,709
Gross operating margin
+€72,151
Staff costs
-€30,562
Depreciation
-€27,815
Other operating charges
-€5,240
Other operating items
+€11,757
Financial income
+€1,055
Financial charges
-€23,259
Taxes
+€1,372
Result 2026
€21,168
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€67,012
Investment
-€852,142
Financing
+€778,466
Cash 2025
€9,909
From operations (derived)
+€67,012
Net result for the year
+€21,168
Depreciation
+€85,501
Stocks and contracts
+€64,811
Receivables within one year
-€21,876
Smaller working-capital items
+€297
Trade debts
-€74,615
Tax, wage and social debts
-€6,074
Other debts
-€2,200
Investment (derived)
-€852,142
Investment in fixed assets (net)
-€852,142
Financing
+€778,466
Debts after one year
+€650,810
Current portion of long-term debt
+€35,656
Short-term financial debts
+€92,000
Cash 2026
€3,244
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,397,593 | €3,113,349 | +€715,756 | +29.9% |
| Fixed assets | 21/28 | €724,420 | €1,491,062 | +€766,642 | +106% |
| Tangible fixed assets | 22/27 | €724,420 | €1,491,062 | +€766,642 | +106% |
| Land and buildings | 22 | €685,072 | €1,459,921 | +€774,849 | +113% |
| Plant, machinery and equipment | 23 | €17,002 | €15,795 | -€1,207 | -7.1% |
| Furniture and vehicles | 24 | €6,934 | €7,228 | +€294 | +4.2% |
| Other tangible fixed assets | 26 | €15,411 | €8,117 | -€7,294 | -47.3% |
| Current assets | 29/58 | €1,673,173 | €1,622,287 | -€50,885 | -3.0% |
| Amounts receivable after more than one year | 29 | €72,304 | €72,304 | = | 0.0% |
| Other amounts receivable | 291 | €72,304 | €72,304 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,381,901 | €1,317,090 | -€64,811 | -4.7% |
| Stocks | 30/36 | €1,381,901 | €1,317,090 | -€64,811 | -4.7% |
| Amounts receivable within one year | 40/41 | €195,039 | €216,915 | +€21,876 | +11.2% |
| Trade receivables | 40 | €179,437 | €184,777 | +€5,340 | +3.0% |
| Other amounts receivable | 41 | €15,602 | €32,138 | +€16,536 | +106% |
| Cash at bank and in hand | 54/58 | €9,909 | €3,244 | -€6,665 | -67.3% |
| Deferred charges and accrued income | 490/1 | €14,020 | €12,735 | -€1,285 | -9.2% |
| Total equity and liabilities | 10/49 | €2,397,593 | €3,113,349 | +€715,756 | +29.9% |
| Equity | 10/15 | €1,179,651 | €1,200,818 | +€21,168 | +1.8% |
| Contributions | 10/11 | €671,000 | €671,000 | = | 0.0% |
| Reserves | 13 | €508,651 | €529,818 | +€21,168 | +4.2% |
| Distributable reserves | 133 | €508,651 | €529,818 | +€21,168 | +4.2% |
| Amounts payable | 17/49 | €1,217,942 | €1,912,531 | +€694,589 | +57.0% |
| Amounts payable after more than one year | 17 | €444,132 | €1,094,942 | +€650,810 | +147% |
| Financial debts | 170/4 | €316,500 | €967,310 | +€650,810 | +206% |
| Other amounts payable | 178/9 | €127,632 | €127,632 | = | 0.0% |
| Amounts payable within one year | 42/48 | €772,823 | €817,589 | +€44,767 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | €62,621 | €98,276 | +€35,656 | +56.9% |
| Financial debts | 43 | €260,200 | €352,200 | +€92,000 | +35.4% |
| Credit institutions | 430/8 | €175,000 | €165,000 | -€10,000 | -5.7% |
| Other loans | 439 | €85,200 | €187,200 | +€102,000 | +120% |
| Trade debts | 44 | €381,014 | €306,399 | -€74,615 | -19.6% |
| Suppliers | 440/4 | €381,014 | €306,399 | -€74,615 | -19.6% |
| Taxes, remuneration and social security | 45 | €64,590 | €58,516 | -€6,074 | -9.4% |
| Taxes | 450/3 | €28,201 | €33,421 | +€5,220 | +18.5% |
| Remuneration and social security | 454/9 | €36,389 | €25,095 | -€11,294 | -31.0% |
| Other amounts payable | 47/48 | €4,398 | €2,198 | -€2,200 | -50.0% |
| Accrued charges and deferred income | 492/3 | €988 | - | -€988 | |
| Non-recurring operating income | 76A | €3,120 | €575 | -€2,545 | -81.6% |
| Remuneration, social security and pensions | 62 | €255,888 | €286,450 | +€30,562 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,685 | €85,501 | +€27,815 | +48.2% |
| Other operating charges | 640/8 | €9,299 | €14,539 | +€5,240 | +56.3% |
| Non-recurring operating charges | 66A | €116,780 | €105,023 | -€11,757 | -10.1% |
| Gross operating margin | 9900 | €513,253 | €585,404 | +€72,151 | +14.1% |
| Operating profit (loss) | 9901 | €73,601 | €93,891 | +€20,290 | +27.6% |
| Financial income | 75/76B | €0 | €1,055 | +€1,055 | +10,553,700% |
| Recurring financial income | 75 | €0 | €1,055 | +€1,055 | +10,553,700% |
| Financial charges | 65/66B | €38,027 | €61,286 | +€23,259 | +61.2% |
| Recurring financial charges | 65 | €38,027 | €39,447 | +€1,420 | +3.7% |
| Non-recurring financial charges | 66B | - | €21,839 | +€21,839 | |
| Profit (loss) for the period before taxes | 9903 | €35,574 | €33,660 | -€1,913 | -5.4% |
| Income taxes | 67/77 | €13,865 | €12,493 | -€1,372 | -9.9% |
| Profit (loss) for the period | 9904 | €21,709 | €21,168 | -€542 | -2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €21,709 | €21,168 | -€542 | -2.5% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.