LoCorp: 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.
LoCorp
Largest movements
- Cash -€58,445
down €58,445 (-29.7%), from €197,053 to €138,608
mainly Contributions, distributions and other (-€195,000) and Receivables within one year (-€20,505)
- Receivables within one year +€20,505
up €20,505 (+45.6%), from €45,011 to €65,516
of which Trade receivables: +€48,913
- Other debts -€19,029
down €19,029 (-21.6%), from €88,114 to €69,085
- Provisions -€15,537
down €15,537 (-34.3%), from €45,270 to €29,734
- Tax, wage and social debts -€2,672
down €2,672 (-11.5%), from €23,275 to €20,603
of which Taxes: -€4,672
- Gross operating margin +€161,153
up €161,153 (+132.4%), from €121,694 to €282,847
- Provisions -€60,807
down €60,807, from €45,270 to -€15,537
- Financial charges +€40,132
up €40,132 (+595.9%), from €6,735 to €46,867
- Taxes +€31,440
up €31,440 (+129.1%), from €24,351 to €55,792
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 | €243,609 | €204,735 | -€38,874 | -16.0% |
| Fixed assets | 21/28 | €1,491 | €557 | -€934 | -62.6% |
| Tangible fixed assets | 22/27 | €1,491 | €557 | -€934 | -62.6% |
| Furniture and vehicles | 24 | €1,491 | €557 | -€934 | -62.6% |
| Current assets | 29/58 | €242,118 | €204,178 | -€37,940 | -15.7% |
| Amounts receivable within one year | 40/41 | €45,011 | €65,516 | +€20,505 | +45.6% |
| Trade receivables | 40 | €13,673 | €62,586 | +€48,913 | +357.7% |
| Other amounts receivable | 41 | €31,338 | €2,930 | -€28,408 | -90.7% |
| Cash at bank and in hand | 54/58 | €197,053 | €138,608 | -€58,445 | -29.7% |
| Deferred charges and accrued income | 490/1 | €54 | €54 | = | 0.0% |
| Total equity and liabilities | 10/49 | €243,609 | €204,735 | -€38,874 | -16.0% |
| Equity | 10/15 | €85,894 | €85,191 | -€702 | -0.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Contributions outside capital | 11 | €2,000 | - | -€2,000 | |
| Other | 1109/19 | €2,000 | - | -€2,000 | |
| Reserves | 13 | €82,248 | €82,248 | = | 0.0% |
| Distributable reserves | 133 | €82,248 | €82,248 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,645 | €943 | -€702 | -42.7% |
| Provisions and deferred taxes | 16 | €45,270 | €29,734 | -€15,537 | -34.3% |
| Provisions for liabilities and charges | 160/5 | €45,270 | €29,734 | -€15,537 | -34.3% |
| Other liabilities and charges | 164/5 | €45,270 | €29,734 | -€15,537 | -34.3% |
| Amounts payable | 17/49 | €112,445 | €89,810 | -€22,635 | -20.1% |
| Amounts payable within one year | 42/48 | €112,445 | €89,810 | -€22,635 | -20.1% |
| Trade debts | 44 | €1,057 | €122 | -€935 | -88.5% |
| Suppliers | 440/4 | €1,057 | €122 | -€935 | -88.5% |
| Taxes, remuneration and social security | 45 | €23,275 | €20,603 | -€2,672 | -11.5% |
| Taxes | 450/3 | €23,275 | €18,603 | -€4,672 | -20.1% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €88,114 | €69,085 | -€19,029 | -21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,440 | €934 | -€505 | -35.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €45,270 | -€15,537 | -€60,807 | |
| Other operating charges | 640/8 | €792 | €494 | -€298 | -37.6% |
| Non-recurring operating charges | 66A | €9,311 | - | -€9,311 | |
| Gross operating margin | 9900 | €121,694 | €282,847 | +€161,153 | +132.4% |
| Operating profit (loss) | 9901 | €64,882 | €296,956 | +€232,074 | +357.7% |
| Financial income | 75/76B | €2,367 | €0 | -€2,367 | -100.0% |
| Recurring financial income | 75 | €2,367 | €0 | -€2,367 | -100.0% |
| Financial charges | 65/66B | €6,735 | €46,867 | +€40,132 | +595.9% |
| Recurring financial charges | 65 | €6,735 | €46,867 | +€40,132 | +595.9% |
| Profit (loss) for the period before taxes | 9903 | €60,513 | €250,089 | +€189,576 | +313.3% |
| Income taxes | 67/77 | €24,351 | €55,792 | +€31,440 | +129.1% |
| Profit (loss) for the period | 9904 | €36,162 | €194,298 | +€158,136 | +437.3% |
| Profit (loss) for the period to be appropriated | 9905 | €36,162 | €194,298 | +€158,136 | +437.3% |
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 11 October 2026 via checked.be.