LOCATT: what changed
Two fiscal 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.
LOCATT
Largest movements
- Tangible fixed assets -€33,995
down €33,995 (-7.1%), from €478,653 to €444,658
of which Land and buildings: -€32,940
- Receivables within one year -€12,521
down €12,521 (-26.7%), from €46,875 to €34,354
- Debts after one year -€54,365
down €54,365 (-12.2%), from €446,643 to €392,278
- Trade debts -€35,397
down €35,397 (-98.0%), from €36,126 to €729
- Current portion of long-term debt +€25,957
up €25,957 (+91.1%), from €28,484 to €54,441
- Other debts +€8,784
up €8,784 (+37.6%), from €23,383 to €32,167
- Gross operating margin +€8,186
up €8,186 (+25.1%), from €32,665 to €40,851
- Financial charges -€2,710
down €2,710 (-22.8%), from €11,909 to €9,199
- Other operating charges -€1,300
down €1,300 (-35.4%), from €3,672 to €2,372
- Depreciation -€446
down €446 (-2.8%), from €16,045 to €15,599
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 | €549,960 | €498,314 | -€51,646 | -9.4% |
| Formation expenses | 20 | €305 | €38 | -€267 | -87.5% |
| Fixed assets | 21/28 | €478,653 | €444,658 | -€33,995 | -7.1% |
| Tangible fixed assets | 22/27 | €478,653 | €444,658 | -€33,995 | -7.1% |
| Land and buildings | 22 | €475,828 | €442,888 | -€32,940 | -6.9% |
| Furniture and vehicles | 24 | €2,825 | €1,770 | -€1,055 | -37.4% |
| Current assets | 29/58 | €71,002 | €53,619 | -€17,384 | -24.5% |
| Amounts receivable within one year | 40/41 | €46,875 | €34,354 | -€12,521 | -26.7% |
| Trade receivables | 40 | €46,875 | €34,354 | -€12,521 | -26.7% |
| Current investments | 50/53 | €400 | - | -€400 | |
| Cash at bank and in hand | 54/58 | €23,603 | €19,110 | -€4,493 | -19.0% |
| Deferred charges and accrued income | 490/1 | €125 | €155 | +€30 | +23.6% |
| Total equity and liabilities | 10/49 | €549,960 | €498,314 | -€51,646 | -9.4% |
| Equity | 10/15 | €7,361 | €10,857 | +€3,495 | +47.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €2,361 | €5,857 | +€3,495 | +148.0% |
| Distributable reserves | 133 | €2,361 | €5,857 | +€3,495 | +148.0% |
| Amounts payable | 17/49 | €542,599 | €487,458 | -€55,141 | -10.2% |
| Amounts payable after more than one year | 17 | €446,643 | €392,278 | -€54,365 | -12.2% |
| Financial debts | 170/4 | €446,643 | €392,278 | -€54,365 | -12.2% |
| Amounts payable within one year | 42/48 | €92,956 | €95,180 | +€2,224 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €28,484 | €54,441 | +€25,957 | +91.1% |
| Trade debts | 44 | €36,126 | €729 | -€35,397 | -98.0% |
| Suppliers | 440/4 | €36,126 | €729 | -€35,397 | -98.0% |
| Taxes, remuneration and social security | 45 | €4,964 | €7,843 | +€2,879 | +58.0% |
| Taxes | 450/3 | €4,964 | €7,843 | +€2,879 | +58.0% |
| Other amounts payable | 47/48 | €23,383 | €32,167 | +€8,784 | +37.6% |
| Accrued charges and deferred income | 492/3 | €3,000 | - | -€3,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,045 | €15,599 | -€446 | -2.8% |
| Other operating charges | 640/8 | €3,672 | €2,372 | -€1,300 | -35.4% |
| Non-recurring operating charges | 66A | - | €23 | +€23 | |
| Gross operating margin | 9900 | €32,665 | €40,851 | +€8,186 | +25.1% |
| Operating profit (loss) | 9901 | €12,947 | €22,857 | +€9,910 | +76.5% |
| Financial income | 75/76B | €14 | €2 | -€12 | -85.3% |
| Recurring financial income | 75 | €14 | €2 | -€12 | -85.3% |
| Financial charges | 65/66B | €11,909 | €9,199 | -€2,710 | -22.8% |
| Recurring financial charges | 65 | €11,909 | €9,199 | -€2,710 | -22.8% |
| Profit (loss) for the period before taxes | 9903 | €1,052 | €13,659 | +€12,608 | +1198.6% |
| Income taxes | 67/77 | - | €164 | +€164 | |
| Profit (loss) for the period | 9904 | €1,052 | €13,495 | +€12,444 | +1183.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,052 | €13,495 | +€12,444 | +1183.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.