LoCo: 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.
LoCo
Largest movements
- Receivables within one year -€10,543
down €10,543 (-41.5%), from €25,417 to €14,874
of which Trade receivables: -€8,867
- Financial fixed assets +€2,700
new in 2025: €2,700
- Tangible fixed assets +€2,474
up €2,474 (+18.3%), from €13,530 to €16,005
of which Plant, machinery and equipment: +€2,901
- Stocks and contracts -€2,394
down €2,394 (-33.7%), from €7,104 to €4,710
- Trade debts -€13,043
down €13,043 (-54.5%), from €23,913 to €10,869
- Other debts +€3,676
up €3,676 (+44.1%), from €8,341 to €12,018
- Reserves +€2,103
new in 2025: €2,103
- Gross operating margin +€3,248
up €3,248 (+47.4%), from €6,859 to €10,107
- Financial income -€2,636
down €2,636 (-78.6%), from €3,353 to €717
- Depreciation +€1,014
up €1,014 (+60.0%), from €1,689 to €2,702
- Financial charges -€284
down €284 (-18.7%), from €1,522 to €1,238
- Taxes +€167
up €167 (+26.9%), from €622 to €789
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 | €48,112 | €41,040 | -€7,071 | -14.7% |
| Fixed assets | 21/28 | €13,530 | €18,705 | +€5,174 | +38.2% |
| Tangible fixed assets | 22/27 | €13,530 | €16,005 | +€2,474 | +18.3% |
| Plant, machinery and equipment | 23 | €11,929 | €14,829 | +€2,901 | +24.3% |
| Furniture and vehicles | 24 | €1,602 | €1,176 | -€426 | -26.6% |
| Financial fixed assets | 28 | - | €2,700 | +€2,700 | |
| Current assets | 29/58 | €34,581 | €22,335 | -€12,246 | -35.4% |
| Stocks and contracts in progress | 3 | €7,104 | €4,710 | -€2,394 | -33.7% |
| Stocks | 30/36 | €7,104 | €4,710 | -€2,394 | -33.7% |
| Amounts receivable within one year | 40/41 | €25,417 | €14,874 | -€10,543 | -41.5% |
| Trade receivables | 40 | €20,959 | €12,092 | -€8,867 | -42.3% |
| Other amounts receivable | 41 | €4,458 | €2,782 | -€1,676 | -37.6% |
| Cash at bank and in hand | 54/58 | €1,660 | €2,028 | +€368 | +22.2% |
| Deferred charges and accrued income | 490/1 | €400 | €723 | +€324 | +80.9% |
| Total equity and liabilities | 10/49 | €48,112 | €41,040 | -€7,071 | -14.7% |
| Equity | 10/15 | €13,507 | €15,610 | +€2,103 | +15.6% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Outside capital | 11 | €6,000 | - | -€6,000 | |
| Other | 1109/19 | €6,000 | - | -€6,000 | |
| Reserves | 13 | - | €2,103 | +€2,103 | |
| Non-distributable reserves | 130/1 | - | €2,103 | +€2,103 | |
| Reserves not available under the articles | 1311 | - | €2,103 | +€2,103 | |
| Profit (loss) carried forward | 14 | €7,507 | €7,507 | = | 0.0% |
| Amounts payable | 17/49 | €34,605 | €25,430 | -€9,174 | -26.5% |
| Amounts payable within one year | 42/48 | €34,605 | €25,430 | -€9,174 | -26.5% |
| Trade debts | 44 | €23,913 | €10,869 | -€13,043 | -54.5% |
| Suppliers | 440/4 | €23,913 | €10,869 | -€13,043 | -54.5% |
| Taxes, remuneration and social security | 45 | €2,351 | €2,543 | +€193 | +8.2% |
| Taxes | 450/3 | €2,351 | €2,512 | +€162 | +6.9% |
| Remuneration and social security | 454/9 | - | €31 | +€31 | |
| Other amounts payable | 47/48 | €8,341 | €12,018 | +€3,676 | +44.1% |
| Remuneration, social security and pensions | 62 | €2,435 | €2,495 | +€60 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,689 | €2,702 | +€1,014 | +60.0% |
| Other operating charges | 640/8 | €1,457 | €1,496 | +€39 | +2.7% |
| Gross operating margin | 9900 | €6,859 | €10,107 | +€3,248 | +47.4% |
| Operating profit (loss) | 9901 | €1,278 | €3,413 | +€2,135 | +167.1% |
| Financial income | 75/76B | €3,353 | €717 | -€2,636 | -78.6% |
| Recurring financial income | 75 | €3,353 | €717 | -€2,636 | -78.6% |
| Financial charges | 65/66B | €1,522 | €1,238 | -€284 | -18.7% |
| Recurring financial charges | 65 | €1,522 | €1,238 | -€284 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | €3,109 | €2,892 | -€217 | -7.0% |
| Income taxes | 67/77 | €622 | €789 | +€167 | +26.9% |
| Profit (loss) for the period | 9904 | €2,487 | €2,103 | -€384 | -15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,487 | €2,103 | -€384 | -15.4% |
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 29 September 2026 via checked.be.