LOCODEP: 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.
LOCODEP
Largest movements
- Current investments -€55,000
down €55,000 (-100%), from €55,000 to €0
- Receivables within one year +€33,069
up €33,069 (+75.3%), from €43,926 to €76,995
of which Other amounts receivable: +€34,546
- Cash +€29,339
up €29,339 (+90.5%), from €32,412 to €61,751
mainly Current investments (+€55,000) and Depreciation (+€45,306)
- Tangible fixed assets -€27,090
down €27,090 (-8.7%), from €309,980 to €282,889
of which Leasing and similar rights: -€29,025
- Debts after one year -€17,144
down €17,144 (-14.2%), from €120,792 to €103,648
- Gross operating margin -€13,558
down €13,558 (-20.1%), from €67,452 to €53,895
- Taxes -€3,597
down €3,597 (-100%), from €3,597 to €0
- Depreciation +€2,061
up €2,061 (+4.8%), from €43,245 to €45,306
- Financial income +€1,420
up €1,420 (+136%), from €1,045 to €2,466
- Other operating charges +€679
up €679 (+8.3%), from €8,203 to €8,882
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 | €601,620 | €581,960 | -€19,659 | -3.3% |
| Fixed assets | 21/28 | €469,822 | €442,731 | -€27,090 | -5.8% |
| Tangible fixed assets | 22/27 | €309,980 | €282,889 | -€27,090 | -8.7% |
| Land and buildings | 22 | €30,469 | €29,814 | -€655 | -2.1% |
| Plant, machinery and equipment | 23 | €26,611 | €30,015 | +€3,404 | +12.8% |
| Furniture and vehicles | 24 | €2,597 | €1,783 | -€814 | -31.4% |
| Leasing and similar rights | 25 | €250,303 | €221,278 | -€29,025 | -11.6% |
| Financial fixed assets | 28 | €159,842 | €159,842 | = | 0.0% |
| Current assets | 29/58 | €131,798 | €139,229 | +€7,431 | +5.6% |
| Amounts receivable within one year | 40/41 | €43,926 | €76,995 | +€33,069 | +75.3% |
| Trade receivables | 40 | €2,160 | €682 | -€1,477 | -68.4% |
| Other amounts receivable | 41 | €41,766 | €76,312 | +€34,546 | +82.7% |
| Current investments | 50/53 | €55,000 | €0 | -€55,000 | -100% |
| Cash at bank and in hand | 54/58 | €32,412 | €61,751 | +€29,339 | +90.5% |
| Deferred charges and accrued income | 490/1 | €460 | €483 | +€23 | +4.9% |
| Total equity and liabilities | 10/49 | €601,620 | €581,960 | -€19,659 | -3.3% |
| Equity | 10/15 | €405,390 | €402,696 | -€2,695 | -0.7% |
| Contributions | 10/11 | €284,360 | €284,360 | = | 0.0% |
| Reserves | 13 | €121,030 | €118,336 | -€2,695 | -2.2% |
| Distributable reserves | 133 | €121,030 | €118,336 | -€2,695 | -2.2% |
| Amounts payable | 17/49 | €196,229 | €179,265 | -€16,965 | -8.6% |
| Amounts payable after more than one year | 17 | €120,792 | €103,648 | -€17,144 | -14.2% |
| Financial debts | 170/4 | €120,792 | €103,648 | -€17,144 | -14.2% |
| Amounts payable within one year | 42/48 | €75,437 | €74,706 | -€732 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €17,052 | €17,144 | +€92 | +0.5% |
| Trade debts | 44 | €3,038 | €3,814 | +€776 | +25.6% |
| Suppliers | 440/4 | €3,038 | €3,814 | +€776 | +25.6% |
| Taxes, remuneration and social security | 45 | €6,619 | €2,854 | -€3,765 | -56.9% |
| Taxes | 450/3 | €6,619 | €2,854 | -€3,765 | -56.9% |
| Other amounts payable | 47/48 | €48,728 | €50,894 | +€2,165 | +4.4% |
| Accrued charges and deferred income | 492/3 | - | €911 | +€911 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,245 | €45,306 | +€2,061 | +4.8% |
| Other operating charges | 640/8 | €8,203 | €8,882 | +€679 | +8.3% |
| Non-recurring operating charges | 66A | €1,100 | €0 | -€1,100 | -100% |
| Gross operating margin | 9900 | €67,452 | €53,895 | -€13,558 | -20.1% |
| Operating profit (loss) | 9901 | €14,903 | -€294 | -€15,197 | |
| Financial income | 75/76B | €1,045 | €2,466 | +€1,420 | +136% |
| Recurring financial income | 75 | €1,045 | €2,466 | +€1,420 | +136% |
| Financial charges | 65/66B | €4,947 | €4,866 | -€80 | -1.6% |
| Recurring financial charges | 65 | €4,947 | €4,866 | -€80 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €11,002 | -€2,695 | -€13,697 | |
| Income taxes | 67/77 | €3,597 | €0 | -€3,597 | -100% |
| Profit (loss) for the period | 9904 | €7,405 | -€2,695 | -€10,099 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,405 | -€2,695 | -€10,099 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.