Locawatt: 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.
Locawatt
Largest movements
- Receivables within one year +€62,521
up €62,521 (+119.4%), from €52,366 to €114,886
of which Trade receivables: +€46,358
- Cash -€24,357
down €24,357 (-68.6%), from €35,504 to €11,147
mainly Investment in fixed assets (net) (-€229,113) and Receivables within one year (-€62,521)
- Stocks and contracts +€11,390
new in 2025: €11,390
- Deferred charges and accrued income +€10,553
up €10,553 (+201.8%), from €5,230 to €15,784
- Short-term financial debts +€54,356
new in 2025: €54,356
- Debts after one year -€25,266
down €25,266 (-6.5%), from €385,986 to €360,720
- Trade debts +€19,984
up €19,984 (+42.8%), from €46,740 to €66,723
- Tax, wage and social debts +€16,927
up €16,927 (+214.7%), from €7,885 to €24,813
of which Remuneration and social security: +€10,510
- Current portion of long-term debt -€13,215
down €13,215 (-4.9%), from €267,141 to €253,926
- Gross operating margin +€127,816
up €127,816 (+51.6%), from €247,577 to €375,393
- Staff costs +€47,312
up €47,312 (+96.0%), from €49,287 to €96,599
- Other operating charges +€21,810
up €21,810 (+311.8%), from €6,995 to €28,806
- Depreciation +€18,024
up €18,024 (+8.8%), from €204,420 to €222,444
- Write-downs -€4,677
down €4,677 (-86.9%), from -€5,382 to -€10,060
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 | €920,965 | €987,741 | +€66,776 | +7.3% |
| Fixed assets | 21/28 | €827,865 | €834,534 | +€6,669 | +0.8% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €827,715 | €834,534 | +€6,819 | +0.8% |
| Plant, machinery and equipment | 23 | €430,209 | €307,541 | -€122,668 | -28.5% |
| Furniture and vehicles | 24 | €5,121 | €2,753 | -€2,368 | -46.2% |
| Leasing and similar rights | 25 | €389,392 | €521,591 | +€132,199 | +34.0% |
| Other tangible fixed assets | 26 | €2,993 | €2,649 | -€344 | -11.5% |
| Financial fixed assets | 28 | €150 | - | -€150 | |
| Current assets | 29/58 | €93,100 | €153,207 | +€60,107 | +64.6% |
| Stocks and contracts in progress | 3 | - | €11,390 | +€11,390 | |
| Stocks | 30/36 | - | €11,390 | +€11,390 | |
| Amounts receivable within one year | 40/41 | €52,366 | €114,886 | +€62,521 | +119.4% |
| Trade receivables | 40 | €50,646 | €97,004 | +€46,358 | +91.5% |
| Other amounts receivable | 41 | €1,720 | €17,882 | +€16,163 | +939.9% |
| Cash at bank and in hand | 54/58 | €35,504 | €11,147 | -€24,357 | -68.6% |
| Deferred charges and accrued income | 490/1 | €5,230 | €15,784 | +€10,553 | +201.8% |
| Total equity and liabilities | 10/49 | €920,965 | €987,741 | +€66,776 | +7.3% |
| Equity | 10/15 | €213,214 | €224,492 | +€11,278 | +5.3% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €153,214 | €164,492 | +€11,278 | +7.4% |
| Amounts payable | 17/49 | €707,752 | €763,249 | +€55,498 | +7.8% |
| Amounts payable after more than one year | 17 | €385,986 | €360,720 | -€25,266 | -6.5% |
| Financial debts | 170/4 | €385,986 | €360,720 | -€25,266 | -6.5% |
| Amounts payable within one year | 42/48 | €321,766 | €399,818 | +€78,052 | +24.3% |
| Current portion of amounts payable after more than one year | 42 | €267,141 | €253,926 | -€13,215 | -4.9% |
| Financial debts | 43 | - | €54,356 | +€54,356 | |
| Credit institutions | 430/8 | - | €54,356 | +€54,356 | |
| Trade debts | 44 | €46,740 | €66,723 | +€19,984 | +42.8% |
| Suppliers | 440/4 | €46,740 | €66,723 | +€19,984 | +42.8% |
| Taxes, remuneration and social security | 45 | €7,885 | €24,813 | +€16,927 | +214.7% |
| Taxes | 450/3 | €3,365 | €9,782 | +€6,417 | +190.7% |
| Remuneration and social security | 454/9 | €4,521 | €15,031 | +€10,510 | +232.5% |
| Accrued charges and deferred income | 492/3 | - | €2,711 | +€2,711 | |
| Non-recurring operating income | 76A | €2,630 | - | -€2,630 | |
| Remuneration, social security and pensions | 62 | €49,287 | €96,599 | +€47,312 | +96.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €204,420 | €222,444 | +€18,024 | +8.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€5,382 | -€10,060 | -€4,677 | -86.9% |
| Other operating charges | 640/8 | €6,995 | €28,806 | +€21,810 | +311.8% |
| Non-recurring operating charges | 66A | €8,073 | - | -€8,073 | |
| Gross operating margin | 9900 | €247,577 | €375,393 | +€127,816 | +51.6% |
| Operating profit (loss) | 9901 | -€15,816 | €37,603 | +€53,419 | |
| Financial income | 75/76B | €549 | €1,485 | +€936 | +170.3% |
| Recurring financial income | 75 | €549 | €1,485 | +€936 | +170.3% |
| Financial charges | 65/66B | €19,283 | €23,581 | +€4,299 | +22.3% |
| Recurring financial charges | 65 | €19,283 | €23,581 | +€4,299 | +22.3% |
| Profit (loss) for the period before taxes | 9903 | -€34,549 | €15,507 | +€50,056 | |
| Income taxes | 67/77 | - | €3,979 | +€3,979 | |
| Profit (loss) for the period | 9904 | -€34,549 | €11,528 | +€46,077 | |
| Profit (loss) for the period to be appropriated | 9905 | -€34,549 | €11,528 | +€46,077 |
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 9 October 2026 via checked.be.