LOCORAIL: 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.
What changed
LOCORAIL
NACE 95.311, General maintenance and repair of cars and light vans (up to 3.5 tonnes)
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3.2m
2024 · €3.2m-€71,315
Equity
€5.5m
2024 · €6.7m-€1.2m
Cash
€3.5m
2024 · €3.9m-€370,576
Balance sheet total
€718.8m
2024 · €741.1m-€22.3m
Largest movements
Assets
- Deferred charges and accrued income -€12.0m
down €12.0m (-11.7%), from €102.3m to €90.3m
- Receivables after one year -€10.3m
down €10.3m (-1.7%), from €592.9m to €582.6m
Equity and liabilities
- Accrued charges and deferred income -€12.0m
down €12.0m (-11.7%), from €102.3m to €90.3m
- Debts after one year -€9.2m
down €9.2m (-1.5%), from €619.6m to €610.4m
Income statement
- Financial income -€5.8m
down €5.8m (-12.2%), from €47.7m to €41.8m
- Financial charges -€5.8m
down €5.8m (-12.6%), from €45.7m to €40.0m
- Turnover -€185,765
down €185,765 (-3.6%), from €5.2m to €5.0m
- Services and other goods -€134,717
down €134,717 (-5.9%), from €2.3m to €2.1m
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.
Result 2024
€3.2m
Turnover
-€185,765
Goods and materials
+€26,290
Services and other goods
+€134,717
Other operating charges
+€8,723
Financial income
-€5.8m
Financial charges
+€5.8m
Taxes
+€27,615
Result 2025
€3.2m
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.
From operations
+€12.5m
Investment
€0
Financing
-€12.9m
Cash 2024
€3.9m
From operations (derived)
+€12.5m
Net result for the year
+€3.2m
Depreciation
+€4,693
Receivables after one year
+€10.3m
Receivables within one year
-€405,220
Deferred charges and accrued income
+€12.0m
Trade debts
-€441,993
Other debts
-€125,000
Accrued charges and deferred income
-€12.0m
Financing
-€12.9m
Debts after one year
-€9.2m
Current portion of long-term debt
+€700,065
Contributions, distributions and other
-€4.4m
Cash 2025
€3.5m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €741,092,586 | €718,822,862 | -€22.3m | -3.0% |
| Fixed assets | 21/28 | €16,729 | €12,036 | -€4,693 | -28.1% |
| Tangible fixed assets | 22/27 | €16,729 | €12,036 | -€4,693 | -28.1% |
| Furniture and vehicles | 24 | €16,729 | €12,036 | -€4,693 | -28.1% |
| Current assets | 29/58 | €741,075,857 | €718,810,826 | -€22.3m | -3.0% |
| Amounts receivable after more than one year | 29 | €592,856,851 | €582,564,352 | -€10.3m | -1.7% |
| Trade receivables | 290 | €592,856,851 | €582,564,352 | -€10.3m | -1.7% |
| Amounts receivable within one year | 40/41 | €23,267,405 | €23,672,625 | +€405,220 | +1.7% |
| Trade receivables | 40 | €11,105,453 | €10,556,904 | -€548,549 | -4.9% |
| Other amounts receivable | 41 | €12,161,952 | €13,115,721 | +€953,769 | +7.8% |
| Current investments | 50/53 | €18,750,000 | €18,750,000 | = | 0.0% |
| Other investments | 51/53 | €18,750,000 | €18,750,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,898,499 | €3,527,923 | -€370,576 | -9.5% |
| Deferred charges and accrued income | 490/1 | €102,303,102 | €90,295,927 | -€12.0m | -11.7% |
| Total equity and liabilities | 10/49 | €741,092,586 | €718,822,862 | -€22.3m | -3.0% |
| Equity | 10/15 | €6,747,799 | €5,536,558 | -€1.2m | -18.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,680,149 | €5,468,908 | -€1.2m | -18.1% |
| Provisions and deferred taxes | 16 | €643,141 | €643,141 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €643,141 | €643,141 | = | 0.0% |
| Major repairs and maintenance | 162 | €643,141 | €643,141 | = | 0.0% |
| Amounts payable | 17/49 | €733,701,646 | €712,643,162 | -€21.1m | -2.9% |
| Amounts payable after more than one year | 17 | €619,594,264 | €610,410,657 | -€9.2m | -1.5% |
| Financial debts | 170/4 | €619,594,264 | €610,410,657 | -€9.2m | -1.5% |
| Subordinated loans | 170 | €80,000,000 | €80,000,000 | = | 0.0% |
| Credit institutions | 173 | €539,594,264 | €530,410,657 | -€9.2m | -1.7% |
| Amounts payable within one year | 42/48 | €11,844,646 | €11,977,717 | +€133,072 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €8,483,512 | €9,183,577 | +€700,065 | +8.3% |
| Trade debts | 44 | €1,111,133 | €669,140 | -€441,993 | -39.8% |
| Suppliers | 440/4 | €1,111,133 | €669,140 | -€441,993 | -39.8% |
| Other amounts payable | 47/48 | €2,250,000 | €2,125,000 | -€125,000 | -5.6% |
| Accrued charges and deferred income | 492/3 | €102,262,736 | €90,254,788 | -€12.0m | -11.7% |
| Operating income | 70/76A | €5,167,130 | €4,981,365 | -€185,765 | -3.6% |
| Turnover | 70 | €5,167,130 | €4,981,365 | -€185,765 | -3.6% |
| Operating charges | 60/66A | €2,819,687 | €2,649,956 | -€169,730 | -6.0% |
| Goods for resale, raw materials and consumables | 60 | €478,563 | €452,272 | -€26,290 | -5.5% |
| Purchases | 600/8 | €478,563 | €452,272 | -€26,290 | -5.5% |
| Services and other goods | 61 | €2,277,064 | €2,142,348 | -€134,717 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,693 | €4,693 | = | 0.0% |
| Other operating charges | 640/8 | €59,366 | €50,643 | -€8,723 | -14.7% |
| Operating profit (loss) | 9901 | €2,347,443 | €2,331,408 | -€16,035 | -0.7% |
| Financial income | 75/76B | €47,678,033 | €41,838,682 | -€5.8m | -12.2% |
| Recurring financial income | 75 | €47,678,033 | €41,838,682 | -€5.8m | -12.2% |
| Income from current assets | 751 | €37,840,866 | €37,267,243 | -€573,623 | -1.5% |
| Other financial income | 752/9 | €9,837,167 | €4,571,439 | -€5.3m | -53.5% |
| Financial charges | 65/66B | €45,708,185 | €39,951,729 | -€5.8m | -12.6% |
| Recurring financial charges | 65 | €45,708,185 | €39,951,729 | -€5.8m | -12.6% |
| Debt charges | 650 | €20,894,602 | €19,225,931 | -€1.7m | -8.0% |
| Other financial charges | 652/9 | €24,813,582 | €20,725,798 | -€4.1m | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €4,317,291 | €4,218,361 | -€98,931 | -2.3% |
| Income taxes | 67/77 | €1,082,217 | €1,054,601 | -€27,615 | -2.6% |
| Taxes | 670/3 | €1,082,217 | €1,054,601 | -€27,615 | -2.6% |
| Profit (loss) for the period | 9904 | €3,235,074 | €3,163,759 | -€71,315 | -2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,235,074 | €3,163,759 | -€71,315 | -2.2% |
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 3 October 2026 via checked.be.