LOCRAD: 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.
LOCRAD
Largest movements
- Cash +€5,543
up €5,543 (+3.3%), from €165,522 to €171,065
mainly Net result for the year (+€7,400) and Tax, wage and social debts (+€1,400)
- Reserves +€7,000
up €7,000 (+4.6%), from €151,391 to €158,391
of which Distributable reserves: +€7,000
- Purchases and services +€4,446
new in 2024: €4,446
- Taxes -€3,461
down €3,461 (-46.5%), from €7,447 to €3,987
- Gross operating margin +€1,346
up €1,346 (+11.1%), from €12,148 to €13,494
- Turnover -€820
down €820 (-4.4%), from €18,760 to €17,940
- Other operating charges -€277
down €277 (-11.9%), from €2,321 to €2,045
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €182,807 | €189,967 | +€7,160 | +3.9% |
| Fixed assets | 21/28 | €14,017 | €14,000 | -€17 | -0.1% |
| Tangible fixed assets | 22/27 | €14,017 | €14,000 | -€17 | -0.1% |
| Land and buildings | 22 | €14,017 | €14,000 | -€17 | -0.1% |
| Current assets | 29/58 | €168,790 | €175,966 | +€7,176 | +4.3% |
| Amounts receivable within one year | 40/41 | €3,020 | €4,901 | +€1,881 | +62.3% |
| Trade receivables | 40 | €1,020 | €761 | -€259 | -25.4% |
| Other amounts receivable | 41 | €2,000 | €4,140 | +€2,140 | +107.0% |
| Cash at bank and in hand | 54/58 | €165,522 | €171,065 | +€5,543 | +3.3% |
| Deferred charges and accrued income | 490/1 | €248 | - | -€248 | |
| Total equity and liabilities | 10/49 | €182,807 | €189,967 | +€7,160 | +3.9% |
| Equity | 10/15 | €176,269 | €183,669 | +€7,400 | +4.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | - | €18,592 | +€18,592 | |
| Issued capital | 100 | - | €18,592 | +€18,592 | |
| Reserves | 13 | €151,391 | €158,391 | +€7,000 | +4.6% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €149,532 | €156,532 | +€7,000 | +4.7% |
| Profit (loss) carried forward | 14 | €6,286 | €6,686 | +€400 | +6.4% |
| Amounts payable | 17/49 | €6,537 | €6,297 | -€240 | -3.7% |
| Amounts payable within one year | 42/48 | €6,537 | €6,297 | -€240 | -3.7% |
| Trade debts | 44 | €3,217 | €2,497 | -€719 | -22.4% |
| Suppliers | 440/4 | €3,217 | €2,497 | -€719 | -22.4% |
| Taxes, remuneration and social security | 45 | €2,400 | €3,800 | +€1,400 | +58.3% |
| Taxes | 450/3 | €2,400 | €3,800 | +€1,400 | +58.3% |
| Other amounts payable | 47/48 | €921 | - | -€921 | |
| Turnover | 70 | €18,760 | €17,940 | -€820 | -4.4% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €4,446 | +€4,446 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75 | €17 | -€58 | -77.9% |
| Other operating charges | 640/8 | €2,321 | €2,045 | -€277 | -11.9% |
| Gross operating margin | 9900 | €12,148 | €13,494 | +€1,346 | +11.1% |
| Operating profit (loss) | 9901 | €9,752 | €11,433 | +€1,681 | +17.2% |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €70 | €46 | -€24 | -33.7% |
| Recurring financial charges | 65 | €70 | €46 | -€24 | -33.7% |
| Profit (loss) for the period before taxes | 9903 | €9,692 | €11,386 | +€1,694 | +17.5% |
| Income taxes | 67/77 | €7,447 | €3,987 | -€3,461 | -46.5% |
| Profit (loss) for the period | 9904 | €2,245 | €7,400 | +€5,155 | +229.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,245 | €7,400 | +€5,155 | +229.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.