LOCRU: 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.
LOCRU
Largest movements
- Cash +€85,903
up €85,903 (+102.5%), from €83,843 to €169,746
mainly Net result for the year (+€97,893) and Deferred charges and accrued income (+€11,986)
- Deferred charges and accrued income -€11,986
down €11,986 (-99.5%), from €12,051 to €65
- Receivables within one year +€8,037
new in 2025: €8,037
- Reserves +€97,893
up €97,893 (+138.8%), from €70,532 to €168,426
- Tax, wage and social debts -€18,322
down €18,322 (-97.5%), from €18,791 to €469
- Trade debts +€2,302
up €2,302 (+495.4%), from €465 to €2,767
- Gross operating margin +€33,658
up €33,658 (+36.8%), from €91,422 to €125,080
- Taxes +€8,771
up €8,771 (+48.2%), from €18,200 to €26,971
- Depreciation -€2,623
no longer reported in 2025 (was €2,623)
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 | €95,894 | €177,848 | +€81,954 | +85.5% |
| Current assets | 29/58 | €95,894 | €177,848 | +€81,954 | +85.5% |
| Amounts receivable within one year | 40/41 | - | €8,037 | +€8,037 | |
| Other amounts receivable | 41 | - | €8,037 | +€8,037 | |
| Cash at bank and in hand | 54/58 | €83,843 | €169,746 | +€85,903 | +102.5% |
| Deferred charges and accrued income | 490/1 | €12,051 | €65 | -€11,986 | -99.5% |
| Total equity and liabilities | 10/49 | €95,894 | €177,848 | +€81,954 | +85.5% |
| Equity | 10/15 | €75,532 | €173,426 | +€97,893 | +129.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €70,532 | €168,426 | +€97,893 | +138.8% |
| Distributable reserves | 133 | €70,532 | €168,426 | +€97,893 | +138.8% |
| Amounts payable | 17/49 | €20,362 | €4,422 | -€15,940 | -78.3% |
| Amounts payable within one year | 42/48 | €20,362 | €4,422 | -€15,940 | -78.3% |
| Trade debts | 44 | €465 | €2,767 | +€2,302 | +495.4% |
| Suppliers | 440/4 | €465 | €2,767 | +€2,302 | +495.4% |
| Taxes, remuneration and social security | 45 | €18,791 | €469 | -€18,322 | -97.5% |
| Taxes | 450/3 | €18,791 | €469 | -€18,322 | -97.5% |
| Other amounts payable | 47/48 | €1,106 | €1,186 | +€80 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,623 | - | -€2,623 | |
| Other operating charges | 640/8 | - | €144 | +€144 | |
| Gross operating margin | 9900 | €91,422 | €125,080 | +€33,658 | +36.8% |
| Operating profit (loss) | 9901 | €88,800 | €124,936 | +€36,137 | +40.7% |
| Financial charges | 65/66B | €67 | €72 | +€5 | +7.2% |
| Recurring financial charges | 65 | €67 | €72 | +€5 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | €88,732 | €124,864 | +€36,132 | +40.7% |
| Income taxes | 67/77 | €18,200 | €26,971 | +€8,771 | +48.2% |
| Profit (loss) for the period | 9904 | €70,532 | €97,893 | +€27,361 | +38.8% |
| Profit (loss) for the period to be appropriated | 9905 | €70,532 | €97,893 | +€27,361 | +38.8% |
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 5 October 2026 via checked.be.