LOCATRANS: 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
LOCATRANS
NACE 49.410, Freight transport by road
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€114,216
2024 · €90,070+€24,147
Equity
€1.6m
2024 · €1.5m+€114,216
Cash
€927,192
2024 · €796,226+€130,966
Balance sheet total
€2.2m
2024 · €2.1m+€84,782
Largest movements
Assets
- Cash +€130,966
up €130,966 (+16.4%), from €796,226 to €927,192
mainly Depreciation (+€282,695) and Net result for the year (+€114,216)
- Receivables within one year -€39,341
down €39,341 (-14.9%), from €263,285 to €223,944
of which Trade receivables: -€36,518
Equity and liabilities
- Reserves +€114,216
up €114,216 (+7.9%), from €1.4m to €1.6m
of which Distributable reserves: +€114,216
- Debts after one year -€64,965
down €64,965 (-24.4%), from €266,708 to €201,743
- Trade debts +€53,409
up €53,409 (+105%), from €50,996 to €104,405
Income statement
- Gross operating margin +€28,172
up €28,172 (+3.4%), from €835,932 to €864,104
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
€90,070
Gross operating margin
+€28,172
Staff costs
-€5,907
Depreciation
-€8,224
Write-downs
+€3,841
Other operating charges
+€6,506
Financial income
-€2,332
Financial charges
+€4,090
Taxes
-€2,000
Result 2025
€114,216
raises the resultlowers the result
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
+€507,694
Investment
-€290,271
Financing
-€86,456
Cash 2024
€796,226
From operations (derived)
+€507,694
Net result for the year
+€114,216
Depreciation
+€282,695
Receivables within one year
+€39,341
Deferred charges and accrued income
+€14,419
Trade debts
+€53,409
Tax, wage and social debts
+€3,553
Advances received
+€850
Accrued charges and deferred income
-€791
Investment (derived)
-€290,271
Investment in fixed assets (net)
-€290,271
Financing
-€86,456
Debts after one year
-€64,965
Current portion of long-term debt
-€20,298
Short-term financial debts
-€1,192
Cash 2025
€927,192
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,095,900 | €2,180,682 | +€84,782 | +4.0% |
| Fixed assets | 21/28 | €981,265 | €988,841 | +€7,576 | +0.8% |
| Tangible fixed assets | 22/27 | €975,975 | €983,552 | +€7,576 | +0.8% |
| Land and buildings | 22 | €239,898 | €234,287 | -€5,612 | -2.3% |
| Plant, machinery and equipment | 23 | €6,594 | €5,910 | -€684 | -10.4% |
| Furniture and vehicles | 24 | €729,483 | €743,355 | +€13,872 | +1.9% |
| Financial fixed assets | 28 | €5,290 | €5,290 | -€0 | 0.0% |
| Current assets | 29/58 | €1,114,634 | €1,191,840 | +€77,206 | +6.9% |
| Amounts receivable within one year | 40/41 | €263,285 | €223,944 | -€39,341 | -14.9% |
| Trade receivables | 40 | €255,474 | €218,956 | -€36,518 | -14.3% |
| Other amounts receivable | 41 | €7,811 | €4,988 | -€2,823 | -36.1% |
| Cash at bank and in hand | 54/58 | €796,226 | €927,192 | +€130,966 | +16.4% |
| Deferred charges and accrued income | 490/1 | €55,123 | €40,704 | -€14,419 | -26.2% |
| Total equity and liabilities | 10/49 | €2,095,900 | €2,180,682 | +€84,782 | +4.0% |
| Equity | 10/15 | €1,468,040 | €1,582,256 | +€114,216 | +7.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,448,040 | €1,562,256 | +€114,216 | +7.9% |
| Tax-exempt reserves | 132 | €536,945 | €536,945 | = | 0.0% |
| Distributable reserves | 133 | €911,094 | €1,025,311 | +€114,216 | +12.5% |
| Amounts payable | 17/49 | €627,860 | €598,426 | -€29,434 | -4.7% |
| Amounts payable after more than one year | 17 | €266,708 | €201,743 | -€64,965 | -24.4% |
| Financial debts | 170/4 | €266,708 | €201,743 | -€64,965 | -24.4% |
| Amounts payable within one year | 42/48 | €358,874 | €395,196 | +€36,322 | +10.1% |
| Current portion of amounts payable after more than one year | 42 | €213,630 | €193,332 | -€20,298 | -9.5% |
| Financial debts | 43 | €9,962 | €8,770 | -€1,192 | -12.0% |
| Credit institutions | 430/8 | €9,962 | €8,770 | -€1,192 | -12.0% |
| Trade debts | 44 | €50,996 | €104,405 | +€53,409 | +105% |
| Suppliers | 440/4 | €50,996 | €104,405 | +€53,409 | +105% |
| Advances received on contracts in progress | 46 | €1,050 | €1,900 | +€850 | +81.0% |
| Taxes, remuneration and social security | 45 | €63,236 | €66,789 | +€3,553 | +5.6% |
| Taxes | 450/3 | €15,412 | €15,254 | -€158 | -1.0% |
| Remuneration and social security | 454/9 | €47,824 | €51,535 | +€3,711 | +7.8% |
| Other amounts payable | 47/48 | €20,000 | €20,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,278 | €1,487 | -€791 | -34.7% |
| Non-recurring operating income | 76A | €12,000 | €8,395 | -€3,605 | -30.0% |
| Remuneration, social security and pensions | 62 | €424,590 | €430,497 | +€5,907 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €274,472 | €282,695 | +€8,224 | +3.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,402 | €561 | -€3,841 | -87.3% |
| Other operating charges | 640/8 | €20,665 | €14,159 | -€6,506 | -31.5% |
| Gross operating margin | 9900 | €835,932 | €864,104 | +€28,172 | +3.4% |
| Operating profit (loss) | 9901 | €111,802 | €136,192 | +€24,389 | +21.8% |
| Financial income | 75/76B | €5,102 | €2,770 | -€2,332 | -45.7% |
| Recurring financial income | 75 | €5,102 | €2,770 | -€2,332 | -45.7% |
| Financial charges | 65/66B | €24,835 | €20,746 | -€4,090 | -16.5% |
| Recurring financial charges | 65 | €24,835 | €20,746 | -€4,090 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €92,070 | €118,216 | +€26,147 | +28.4% |
| Income taxes | 67/77 | €2,000 | €4,000 | +€2,000 | +100% |
| Profit (loss) for the period | 9904 | €90,070 | €114,216 | +€24,147 | +26.8% |
| Profit (loss) for the period to be appropriated | 9905 | €90,070 | €114,216 | +€24,147 | +26.8% |
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 14 October 2026 via checked.be.