LOCOFIN: 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.
LOCOFIN
Largest movements
- Current investments -€350,296
down €350,296 (-62.9%), from €556,478 to €206,182
- Cash -€62,914
down €62,914 (-68.5%), from €91,902 to €28,988
mainly Contributions, distributions and other (-€553,425) and Other debts (-€10,122)
- Tangible fixed assets -€44,729
down €44,729 (-16.9%), from €264,903 to €220,174
of which Land and buildings: -€32,154
- Receivables within one year -€25,196
down €25,196 (-93.6%), from €26,923 to €1,726
of which Trade receivables: -€26,272
- Reserves -€465,642
down €465,642 (-49.3%), from €943,651 to €478,009
of which Distributable reserves: -€465,642
- Other debts -€10,122
down €10,122 (-100%), from €10,122 to €0
- Depreciation -€13,957
down €13,957 (-29.8%), from €46,805 to €32,848
- Gross operating margin +€9,813
up €9,813 (+7.8%), from €125,921 to €135,734
- Taxes +€9,785
up €9,785 (+37.1%), from €26,353 to €36,138
- Financial income +€8,237
up €8,237 (+49.8%), from €16,556 to €24,793
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,001,722 | €518,065 | -€483,657 | -48.3% |
| Fixed assets | 21/28 | €264,903 | €220,174 | -€44,729 | -16.9% |
| Tangible fixed assets | 22/27 | €264,903 | €220,174 | -€44,729 | -16.9% |
| Land and buildings | 22 | €251,607 | €219,453 | -€32,154 | -12.8% |
| Furniture and vehicles | 24 | €13,296 | €722 | -€12,575 | -94.6% |
| Current assets | 29/58 | €736,819 | €297,891 | -€438,928 | -59.6% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €26,923 | €1,726 | -€25,196 | -93.6% |
| Trade receivables | 40 | €26,923 | €650 | -€26,272 | -97.6% |
| Other amounts receivable | 41 | - | €1,076 | +€1,076 | |
| Current investments | 50/53 | €556,478 | €206,182 | -€350,296 | -62.9% |
| Cash at bank and in hand | 54/58 | €91,902 | €28,988 | -€62,914 | -68.5% |
| Deferred charges and accrued income | 490/1 | €11,516 | €10,994 | -€522 | -4.5% |
| Total equity and liabilities | 10/49 | €1,001,722 | €518,065 | -€483,657 | -48.3% |
| Equity | 10/15 | €949,851 | €484,209 | -€465,642 | -49.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €943,651 | €478,009 | -€465,642 | -49.3% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €887,401 | €421,759 | -€465,642 | -52.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €51,871 | €33,856 | -€18,015 | -34.7% |
| Amounts payable within one year | 42/48 | €51,871 | €33,856 | -€18,015 | -34.7% |
| Trade debts | 44 | €7,158 | €6,646 | -€512 | -7.1% |
| Suppliers | 440/4 | €7,158 | €6,646 | -€512 | -7.1% |
| Taxes, remuneration and social security | 45 | €34,590 | €27,210 | -€7,381 | -21.3% |
| Taxes | 450/3 | €32,295 | €24,262 | -€8,033 | -24.9% |
| Remuneration and social security | 454/9 | €2,296 | €2,948 | +€652 | +28.4% |
| Other amounts payable | 47/48 | €10,122 | €0 | -€10,122 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,805 | €32,848 | -€13,957 | -29.8% |
| Other operating charges | 640/8 | €4,289 | €3,835 | -€455 | -10.6% |
| Gross operating margin | 9900 | €125,921 | €135,734 | +€9,813 | +7.8% |
| Operating profit (loss) | 9901 | €74,827 | €99,052 | +€24,225 | +32.4% |
| Financial income | 75/76B | €16,556 | €24,793 | +€8,237 | +49.8% |
| Recurring financial income | 75 | €16,556 | €24,793 | +€8,237 | +49.8% |
| Financial charges | 65/66B | -€784 | -€75 | +€709 | +90.5% |
| Recurring financial charges | 65 | -€784 | -€75 | +€709 | +90.5% |
| Profit (loss) for the period before taxes | 9903 | €92,167 | €123,920 | +€31,753 | +34.5% |
| Income taxes | 67/77 | €26,353 | €36,138 | +€9,785 | +37.1% |
| Profit (loss) for the period | 9904 | €65,814 | €87,782 | +€21,968 | +33.4% |
| Profit (loss) for the period to be appropriated | 9905 | €65,814 | €87,782 | +€21,968 | +33.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.