LOCOMOTION: 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.
LOCOMOTION
Largest movements
- Tangible fixed assets +€64,196
up €64,196 (+820.0%), from €7,829 to €72,025
of which Land and buildings: +€38,320
- Cash -€52,374
down €52,374 (-25.8%), from €203,265 to €150,891
mainly Contributions, distributions and other (-€147,190) and Investment in fixed assets (net) (-€73,029)
- Receivables within one year +€24,838
up €24,838 (+81.9%), from €30,340 to €55,178
of which Other amounts receivable: +€18,957
- Other debts +€108,957
up €108,957 (+205.1%), from €53,121 to €162,078
- Reserves -€76,889
down €76,889 (-46.1%), from €166,782 to €89,893
- Accrued charges and deferred income +€4,736
up €4,736 (+58.8%), from €8,059 to €12,795
- Depreciation +€6,152
up €6,152 (+171.8%), from €3,581 to €9,732
- Taxes -€3,840
down €3,840 (-19.3%), from €19,883 to €16,043
- Financial charges +€3,177
up €3,177 (+120.3%), from €2,642 to €5,819
- Gross operating margin -€1,083
down €1,083 (-1.0%), from €103,592 to €102,508
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 | €242,595 | €278,735 | +€36,140 | +14.9% |
| Fixed assets | 21/28 | €8,729 | €72,025 | +€63,296 | +725.1% |
| Tangible fixed assets | 22/27 | €7,829 | €72,025 | +€64,196 | +820.0% |
| Land and buildings | 22 | - | €38,320 | +€38,320 | |
| Plant, machinery and equipment | 23 | €2,303 | €30,136 | +€27,833 | +1208.4% |
| Furniture and vehicles | 24 | €5,526 | €3,570 | -€1,956 | -35.4% |
| Financial fixed assets | 28 | €900 | €0 | -€900 | -100.0% |
| Current assets | 29/58 | €233,866 | €206,710 | -€27,157 | -11.6% |
| Amounts receivable within one year | 40/41 | €30,340 | €55,178 | +€24,838 | +81.9% |
| Trade receivables | 40 | €30,340 | €36,221 | +€5,881 | +19.4% |
| Other amounts receivable | 41 | - | €18,957 | +€18,957 | |
| Cash at bank and in hand | 54/58 | €203,265 | €150,891 | -€52,374 | -25.8% |
| Deferred charges and accrued income | 490/1 | €261 | €641 | +€379 | +145.2% |
| Total equity and liabilities | 10/49 | €242,595 | €278,735 | +€36,140 | +14.9% |
| Equity | 10/15 | €169,282 | €92,393 | -€76,889 | -45.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €166,782 | €89,893 | -€76,889 | -46.1% |
| Distributable reserves | 133 | €166,782 | €89,893 | -€76,889 | -46.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €73,313 | €186,342 | +€113,029 | +154.2% |
| Amounts payable within one year | 42/48 | €65,255 | €173,547 | +€108,292 | +166.0% |
| Current portion of amounts payable after more than one year | 42 | €3,811 | €5,059 | +€1,248 | +32.8% |
| Trade debts | 44 | €927 | €673 | -€253 | -27.3% |
| Suppliers | 440/4 | €927 | €673 | -€253 | -27.3% |
| Taxes, remuneration and social security | 45 | €7,396 | €5,737 | -€1,659 | -22.4% |
| Taxes | 450/3 | €7,396 | €5,737 | -€1,659 | -22.4% |
| Other amounts payable | 47/48 | €53,121 | €162,078 | +€108,957 | +205.1% |
| Accrued charges and deferred income | 492/3 | €8,059 | €12,795 | +€4,736 | +58.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,581 | €9,732 | +€6,152 | +171.8% |
| Other operating charges | 640/8 | €597 | €613 | +€15 | +2.6% |
| Gross operating margin | 9900 | €103,592 | €102,508 | -€1,083 | -1.0% |
| Operating profit (loss) | 9901 | €99,413 | €92,163 | -€7,251 | -7.3% |
| Financial charges | 65/66B | €2,642 | €5,819 | +€3,177 | +120.3% |
| Recurring financial charges | 65 | €2,642 | €5,819 | +€3,177 | +120.3% |
| Profit (loss) for the period before taxes | 9903 | €96,772 | €86,344 | -€10,428 | -10.8% |
| Income taxes | 67/77 | €19,883 | €16,043 | -€3,840 | -19.3% |
| Profit (loss) for the period | 9904 | €76,889 | €70,301 | -€6,588 | -8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €76,889 | €70,301 | -€6,588 | -8.6% |
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.