LOCSPACE: 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.
LOCSPACE
Largest movements
- Receivables within one year -€63,188
down €63,188 (-92.7%), from €68,188 to €5,000
of which Other amounts receivable: -€60,000
- Cash +€58,597
up €58,597 (+29.0%), from €202,379 to €260,976
mainly Receivables within one year (+€63,188) and Net result for the year (+€14,195)
- Tax, wage and social debts -€17,326
down €17,326 (-77.0%), from €22,493 to €5,167
of which Taxes: -€9,076
- Profit (loss) carried forward +€14,195
up €14,195 (+3.2%), from €442,590 to €456,785
- Trade debts -€6,886
down €6,886 (-70.8%), from €9,720 to €2,834
- Taxes -€33,755
down €33,755 (-86.7%), from €38,923 to €5,167
- Gross operating margin -€4,506
down €4,506 (-10.6%), from €42,685 to €38,178
- Depreciation -€1,018
no longer reported in 2025 (was €1,018)
- Write-downs -€1,018
new in 2025: -€1,018
- Other operating charges +€603
up €603 (+3.1%), from €19,202 to €19,805
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 | €543,003 | €533,887 | -€9,116 | -1.7% |
| Fixed assets | 21/28 | €272,437 | €267,911 | -€4,526 | -1.7% |
| Tangible fixed assets | 22/27 | €272,437 | €267,911 | -€4,526 | -1.7% |
| Land and buildings | 22 | €267,911 | €267,911 | = | 0.0% |
| Other tangible fixed assets | 26 | €4,526 | - | -€4,526 | |
| Current assets | 29/58 | €270,566 | €265,976 | -€4,590 | -1.7% |
| Amounts receivable within one year | 40/41 | €68,188 | €5,000 | -€63,188 | -92.7% |
| Trade receivables | 40 | €3,188 | - | -€3,188 | |
| Other amounts receivable | 41 | €65,000 | €5,000 | -€60,000 | -92.3% |
| Cash at bank and in hand | 54/58 | €202,379 | €260,976 | +€58,597 | +29.0% |
| Total equity and liabilities | 10/49 | €543,003 | €533,887 | -€9,116 | -1.7% |
| Equity | 10/15 | €510,790 | €524,985 | +€14,195 | +2.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €442,590 | €456,785 | +€14,195 | +3.2% |
| Amounts payable | 17/49 | €32,213 | €8,902 | -€23,311 | -72.4% |
| Amounts payable within one year | 42/48 | €32,213 | €8,902 | -€23,311 | -72.4% |
| Trade debts | 44 | €9,720 | €2,834 | -€6,886 | -70.8% |
| Suppliers | 440/4 | €9,720 | €2,834 | -€6,886 | -70.8% |
| Advances received on contracts in progress | 46 | - | €900 | +€900 | |
| Taxes, remuneration and social security | 45 | €22,493 | €5,167 | -€17,326 | -77.0% |
| Taxes | 450/3 | €14,243 | €5,167 | -€9,076 | -63.7% |
| Remuneration and social security | 454/9 | €8,250 | - | -€8,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,018 | - | -€1,018 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€1,018 | -€1,018 | |
| Other operating charges | 640/8 | €19,202 | €19,805 | +€603 | +3.1% |
| Gross operating margin | 9900 | €42,685 | €38,178 | -€4,506 | -10.6% |
| Operating profit (loss) | 9901 | €22,465 | €19,391 | -€3,074 | -13.7% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €29 | €30 | +€2 | +5.3% |
| Recurring financial charges | 65 | €29 | €30 | +€2 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €22,436 | €19,363 | -€3,073 | -13.7% |
| Income taxes | 67/77 | €38,923 | €5,167 | -€33,755 | -86.7% |
| Profit (loss) for the period | 9904 | -€16,487 | €14,195 | +€30,682 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,487 | €14,195 | +€30,682 |
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 2 October 2026 via checked.be.