LOCATRANSMAX: 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.
LOCATRANSMAX
Largest movements
- Tangible fixed assets +€13,482
up €13,482 (+13.8%), from €97,618 to €111,100
of which Plant, machinery and equipment: +€25,905
- Receivables within one year +€10,823
up €10,823 (+61.3%), from €17,666 to €28,489
- Deferred charges and accrued income +€8,641
up €8,641 (+321%), from €2,688 to €11,329
- Cash -€7,027
no longer reported in 2025 (was €7,027)
mainly Investment in fixed assets (net) (-€37,643) and Current portion of long-term debt (-€15,904)
- Other debts +€22,768
up €22,768 (+140%), from €16,305 to €39,073
- Current portion of long-term debt -€15,904
down €15,904 (-46.5%), from €34,231 to €18,327
- Trade debts +€14,899
up €14,899 (+113%), from €13,224 to €28,123
- Debts after one year -€9,636
down €9,636 (-16.9%), from €57,090 to €47,454
- Tax, wage and social debts +€5,464
up €5,464 (+259%), from €2,111 to €7,575
- Gross operating margin +€23,408
up €23,408 (+162%), from €14,472 to €37,880
- Depreciation +€12,967
up €12,967 (+116%), from €11,194 to €24,161
- Financial charges +€4,592
up €4,592 (+300%), from €1,531 to €6,123
- Other operating charges +€3,817
up €3,817 (+253%), from €1,507 to €5,324
- Write-downs +€1,184
new in 2025: €1,184
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 | €125,199 | €151,118 | +€25,919 | +20.7% |
| Fixed assets | 21/28 | €97,818 | €111,300 | +€13,482 | +13.8% |
| Tangible fixed assets | 22/27 | €97,618 | €111,100 | +€13,482 | +13.8% |
| Plant, machinery and equipment | 23 | €36,979 | €62,884 | +€25,905 | +70.1% |
| Furniture and vehicles | 24 | €60,639 | €48,216 | -€12,423 | -20.5% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €27,382 | €39,818 | +€12,437 | +45.4% |
| Amounts receivable within one year | 40/41 | €17,666 | €28,489 | +€10,823 | +61.3% |
| Trade receivables | 40 | €17,666 | €28,489 | +€10,823 | +61.3% |
| Cash at bank and in hand | 54/58 | €7,027 | - | -€7,027 | |
| Deferred charges and accrued income | 490/1 | €2,688 | €11,329 | +€8,641 | +321% |
| Total equity and liabilities | 10/49 | €125,199 | €151,118 | +€25,919 | +20.7% |
| Equity | 10/15 | €2,239 | €2,968 | +€729 | +32.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €239 | €968 | +€729 | +305% |
| Amounts payable | 17/49 | €122,960 | €148,150 | +€25,190 | +20.5% |
| Amounts payable after more than one year | 17 | €57,090 | €47,454 | -€9,636 | -16.9% |
| Financial debts | 170/4 | €57,090 | €47,454 | -€9,636 | -16.9% |
| Amounts payable within one year | 42/48 | €65,871 | €98,097 | +€32,226 | +48.9% |
| Current portion of amounts payable after more than one year | 42 | €34,231 | €18,327 | -€15,904 | -46.5% |
| Financial debts | 43 | - | €5,000 | +€5,000 | |
| Credit institutions | 430/8 | - | €5,000 | +€5,000 | |
| Trade debts | 44 | €13,224 | €28,123 | +€14,899 | +113% |
| Suppliers | 440/4 | €13,224 | €28,123 | +€14,899 | +113% |
| Taxes, remuneration and social security | 45 | €2,111 | €7,575 | +€5,464 | +259% |
| Taxes | 450/3 | €2,111 | €7,575 | +€5,464 | +259% |
| Other amounts payable | 47/48 | €16,305 | €39,073 | +€22,768 | +140% |
| Accrued charges and deferred income | 492/3 | - | €2,599 | +€2,599 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,194 | €24,161 | +€12,967 | +116% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,184 | +€1,184 | |
| Other operating charges | 640/8 | €1,507 | €5,324 | +€3,817 | +253% |
| Gross operating margin | 9900 | €14,472 | €37,880 | +€23,408 | +162% |
| Operating profit (loss) | 9901 | €1,770 | €7,211 | +€5,440 | +307% |
| Financial charges | 65/66B | €1,531 | €6,123 | +€4,592 | +300% |
| Recurring financial charges | 65 | €1,531 | €6,123 | +€4,592 | +300% |
| Profit (loss) for the period before taxes | 9903 | €239 | €1,088 | +€848 | +355% |
| Income taxes | 67/77 | - | €359 | +€359 | |
| Profit (loss) for the period | 9904 | €239 | €729 | +€489 | +205% |
| Profit (loss) for the period to be appropriated | 9905 | €239 | €729 | +€489 | +205% |
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 24 October 2026 via checked.be.