Locotrans: 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.
Locotrans
Largest movements
- Cash +€34,105
up €34,105 (+58.0%), from €58,782 to €92,888
mainly Net result for the year (+€59,955) and Depreciation (+€47,660)
- Stocks and contracts +€25,270
up €25,270 (+14.4%), from €175,371 to €200,640
- Receivables within one year -€20,404
down €20,404 (-65.9%), from €30,956 to €10,553
of which Trade receivables: -€19,033
- Tangible fixed assets -€11,393
down €11,393 (-6.3%), from €182,065 to €170,672
of which Land and buildings: -€15,464
- Reserves +€43,805
up €43,805 (+48.2%), from €90,950 to €134,755
of which Distributable reserves: +€43,805
- Debts after one year -€20,871
down €20,871 (-10.1%), from €206,881 to €186,011
- Advances received -€6,649
down €6,649 (-66.9%), from €9,944 to €3,295
- Tax, wage and social debts +€5,182
up €5,182 (+19.5%), from €26,588 to €31,770
- Short-term financial debts +€5,000
new in 2025: €5,000
- Gross operating margin +€21,495
up €21,495 (+11.4%), from €188,726 to €210,221
- Depreciation -€7,734
down €7,734 (-14.0%), from €55,394 to €47,660
- Staff costs +€5,844
up €5,844 (+9.7%), from €60,497 to €66,341
- Taxes +€4,253
up €4,253 (+17.5%), from €24,351 to €28,604
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 | €447,459 | €475,038 | +€27,578 | +6.2% |
| Fixed assets | 21/28 | €182,350 | €170,957 | -€11,393 | -6.2% |
| Tangible fixed assets | 22/27 | €182,065 | €170,672 | -€11,393 | -6.3% |
| Land and buildings | 22 | €167,152 | €151,688 | -€15,464 | -9.3% |
| Plant, machinery and equipment | 23 | €156 | €634 | +€478 | +307% |
| Furniture and vehicles | 24 | €14,757 | €18,350 | +€3,593 | +24.3% |
| Financial fixed assets | 28 | €285 | €285 | = | 0.0% |
| Current assets | 29/58 | €265,110 | €304,081 | +€38,971 | +14.7% |
| Stocks and contracts in progress | 3 | €175,371 | €200,640 | +€25,270 | +14.4% |
| Stocks | 30/36 | €175,371 | €200,640 | +€25,270 | +14.4% |
| Amounts receivable within one year | 40/41 | €30,956 | €10,553 | -€20,404 | -65.9% |
| Trade receivables | 40 | €24,039 | €5,005 | -€19,033 | -79.2% |
| Other amounts receivable | 41 | €6,918 | €5,547 | -€1,370 | -19.8% |
| Cash at bank and in hand | 54/58 | €58,782 | €92,888 | +€34,105 | +58.0% |
| Total equity and liabilities | 10/49 | €447,459 | €475,038 | +€27,578 | +6.2% |
| Equity | 10/15 | €153,751 | €197,555 | +€43,805 | +28.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €90,950 | €134,755 | +€43,805 | +48.2% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €88,950 | €132,755 | +€43,805 | +49.2% |
| Profit (loss) carried forward | 14 | €42,801 | €42,801 | = | 0.0% |
| Amounts payable | 17/49 | €293,709 | €277,483 | -€16,226 | -5.5% |
| Amounts payable after more than one year | 17 | €206,881 | €186,011 | -€20,871 | -10.1% |
| Financial debts | 170/4 | €206,881 | €186,011 | -€20,871 | -10.1% |
| Amounts payable within one year | 42/48 | €86,828 | €91,472 | +€4,644 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €20,456 | €20,871 | +€414 | +2.0% |
| Financial debts | 43 | - | €5,000 | +€5,000 | |
| Credit institutions | 430/8 | - | €5,000 | +€5,000 | |
| Trade debts | 44 | €4,090 | €7,333 | +€3,243 | +79.3% |
| Suppliers | 440/4 | €4,090 | €7,333 | +€3,243 | +79.3% |
| Advances received on contracts in progress | 46 | €9,944 | €3,295 | -€6,649 | -66.9% |
| Taxes, remuneration and social security | 45 | €26,588 | €31,770 | +€5,182 | +19.5% |
| Taxes | 450/3 | €26,588 | €31,770 | +€5,182 | +19.5% |
| Other amounts payable | 47/48 | €25,750 | €23,203 | -€2,547 | -9.9% |
| Remuneration, social security and pensions | 62 | €60,497 | €66,341 | +€5,844 | +9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,394 | €47,660 | -€7,734 | -14.0% |
| Other operating charges | 640/8 | €859 | €400 | -€459 | -53.5% |
| Gross operating margin | 9900 | €188,726 | €210,221 | +€21,495 | +11.4% |
| Operating profit (loss) | 9901 | €71,975 | €95,820 | +€23,844 | +33.1% |
| Financial income | 75/76B | €5 | €23 | +€18 | +358% |
| Recurring financial income | 75 | €5 | €23 | +€18 | +358% |
| Financial charges | 65/66B | €7,014 | €7,284 | +€270 | +3.9% |
| Recurring financial charges | 65 | €7,014 | €7,284 | +€270 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | €64,966 | €88,559 | +€23,592 | +36.3% |
| Income taxes | 67/77 | €24,351 | €28,604 | +€4,253 | +17.5% |
| Profit (loss) for the period | 9904 | €40,616 | €59,955 | +€19,339 | +47.6% |
| Profit (loss) for the period to be appropriated | 9905 | €40,616 | €59,955 | +€19,339 | +47.6% |
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 20 October 2026 via checked.be.