LOCO-GEST: 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.
LOCO-GEST
Largest movements
- Cash -€14,205
down €14,205 (-19.0%), from €74,828 to €60,623
mainly Contributions, distributions and other (-€30,000) and Investment in fixed assets (net) (-€12,810)
- Debts after one year -€6,386
down €6,386 (-6.5%), from €98,107 to €91,721
- Profit (loss) carried forward -€4,484
down €4,484 (-86.1%), from €5,210 to €726
- Gross operating margin -€5,718
down €5,718 (-9.6%), from €59,871 to €54,153
- Other operating charges -€2,399
down €2,399 (-30.4%), from €7,900 to €5,501
- Taxes -€960
down €960 (-10.0%), from €9,607 to €8,647
- Financial income -€708
no longer reported in 2025 (was €708)
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 | €295,722 | €285,349 | -€10,373 | -3.5% |
| Fixed assets | 21/28 | €177,515 | €180,235 | +€2,720 | +1.5% |
| Tangible fixed assets | 22/27 | €177,515 | €180,235 | +€2,720 | +1.5% |
| Land and buildings | 22 | €167,495 | €162,685 | -€4,809 | -2.9% |
| Plant, machinery and equipment | 23 | €9,728 | €17,550 | +€7,821 | +80.4% |
| Furniture and vehicles | 24 | €292 | - | -€292 | |
| Current assets | 29/58 | €118,207 | €105,114 | -€13,093 | -11.1% |
| Amounts receivable within one year | 40/41 | €43,136 | €44,491 | +€1,355 | +3.1% |
| Trade receivables | 40 | €1,909 | €2,094 | +€185 | +9.7% |
| Other amounts receivable | 41 | €41,227 | €42,397 | +€1,170 | +2.8% |
| Cash at bank and in hand | 54/58 | €74,828 | €60,623 | -€14,205 | -19.0% |
| Deferred charges and accrued income | 490/1 | €243 | - | -€243 | |
| Total equity and liabilities | 10/49 | €295,722 | €285,349 | -€10,373 | -3.5% |
| Equity | 10/15 | €121,457 | €116,973 | -€4,484 | -3.7% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €95,796 | €95,796 | = | 0.0% |
| Tax-exempt reserves | 132 | €95,796 | €95,796 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,210 | €726 | -€4,484 | -86.1% |
| Provisions and deferred taxes | 16 | €31,932 | €31,932 | = | 0.0% |
| Deferred taxes | 168 | €31,932 | €31,932 | = | 0.0% |
| Amounts payable | 17/49 | €142,333 | €136,444 | -€5,889 | -4.1% |
| Amounts payable after more than one year | 17 | €98,107 | €91,721 | -€6,386 | -6.5% |
| Financial debts | 170/4 | €98,107 | €91,721 | -€6,386 | -6.5% |
| Amounts payable within one year | 42/48 | €42,284 | €42,764 | +€480 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €6,153 | €6,386 | +€234 | +3.8% |
| Taxes, remuneration and social security | 45 | €2,607 | €2,607 | = | 0.0% |
| Taxes | 450/3 | €2,607 | €2,607 | = | 0.0% |
| Other amounts payable | 47/48 | €33,524 | €33,771 | +€247 | +0.7% |
| Accrued charges and deferred income | 492/3 | €1,942 | €1,959 | +€17 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,865 | €10,090 | +€225 | +2.3% |
| Other operating charges | 640/8 | €7,900 | €5,501 | -€2,399 | -30.4% |
| Gross operating margin | 9900 | €59,871 | €54,153 | -€5,718 | -9.6% |
| Operating profit (loss) | 9901 | €42,107 | €38,562 | -€3,544 | -8.4% |
| Financial income | 75/76B | €708 | - | -€708 | |
| Recurring financial income | 75 | €708 | - | -€708 | |
| Financial charges | 65/66B | €4,619 | €4,399 | -€219 | -4.7% |
| Recurring financial charges | 65 | €4,619 | €4,399 | -€219 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €38,196 | €34,163 | -€4,033 | -10.6% |
| Income taxes | 67/77 | €9,607 | €8,647 | -€960 | -10.0% |
| Profit (loss) for the period | 9904 | €28,589 | €25,516 | -€3,073 | -10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €28,589 | €25,516 | -€3,073 | -10.7% |
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 15 October 2026 via checked.be.