LOCTAX: 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.
LOCTAX
Largest movements
- Current investments -€2.0m
down €2.0m (-100%), from €2.0m to €0
- Intangible fixed assets +€517,051
up €517,051 (+16.1%), from €3.2m to €3.7m
- Cash +€225,681
up €225,681 (+20.1%), from €1.1m to €1.3m
mainly Current investments (+€2.0m) and Depreciation (+€943,359)
- Receivables within one year +€75,258
up €75,258 (+22.9%), from €328,017 to €403,276
of which Trade receivables: +€166,303
- Profit (loss) carried forward -€1.7m
down €1.7m (-25.5%), from -€6.7m to -€8.4m
- Accrued charges and deferred income +€543,655
up €543,655 (+72.4%), from €750,486 to €1.3m
- Gross operating margin +€656,908
up €656,908, from -€600,356 to €56,553
- Staff costs +€208,571
up €208,571 (+30.9%), from €675,705 to €884,276
- Depreciation +€189,475
up €189,475 (+25.1%), from €753,884 to €943,359
- Financial income -€38,459
down €38,459 (-43.5%), from €88,483 to €50,023
- Financial charges -€11,585
down €11,585 (-26.0%), from €44,565 to €32,979
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 | €6,909,274 | €5,757,286 | -€1.2m | -16.7% |
| Fixed assets | 21/28 | €3,235,398 | €3,743,203 | +€507,805 | +15.7% |
| Intangible fixed assets | 21 | €3,204,488 | €3,721,538 | +€517,051 | +16.1% |
| Tangible fixed assets | 22/27 | €23,599 | €14,958 | -€8,641 | -36.6% |
| Plant, machinery and equipment | 23 | €1,435 | €1,020 | -€416 | -29.0% |
| Furniture and vehicles | 24 | €16,339 | €13,938 | -€2,401 | -14.7% |
| Other tangible fixed assets | 26 | €5,824 | €0 | -€5,824 | -100% |
| Financial fixed assets | 28 | €7,312 | €6,707 | -€605 | -8.3% |
| Current assets | 29/58 | €3,673,876 | €2,014,083 | -€1.7m | -45.2% |
| Amounts receivable after more than one year | 29 | €180,551 | €235,441 | +€54,890 | +30.4% |
| Other amounts receivable | 291 | €180,551 | €235,441 | +€54,890 | +30.4% |
| Amounts receivable within one year | 40/41 | €328,017 | €403,276 | +€75,258 | +22.9% |
| Trade receivables | 40 | €203,611 | €369,914 | +€166,303 | +81.7% |
| Other amounts receivable | 41 | €124,406 | €33,362 | -€91,044 | -73.2% |
| Current investments | 50/53 | €2,000,000 | €0 | -€2.0m | -100% |
| Cash at bank and in hand | 54/58 | €1,121,204 | €1,346,884 | +€225,681 | +20.1% |
| Deferred charges and accrued income | 490/1 | €44,104 | €28,482 | -€15,622 | -35.4% |
| Total equity and liabilities | 10/49 | €6,909,274 | €5,757,286 | -€1.2m | -16.7% |
| Equity | 10/15 | €5,587,433 | €3,878,208 | -€1.7m | -30.6% |
| Contributions | 10/11 | €12,300,000 | €12,300,000 | = | 0.0% |
| Capital | 10 | €12,300,000 | €12,300,000 | = | 0.0% |
| Issued capital | 100 | €12,300,000 | €12,300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,712,567 | -€8,421,792 | -€1.7m | -25.5% |
| Amounts payable | 17/49 | €1,321,841 | €1,879,078 | +€557,238 | +42.2% |
| Amounts payable within one year | 42/48 | €571,354 | €584,937 | +€13,583 | +2.4% |
| Trade debts | 44 | €474,250 | €435,037 | -€39,213 | -8.3% |
| Suppliers | 440/4 | €474,250 | €435,037 | -€39,213 | -8.3% |
| Taxes, remuneration and social security | 45 | €97,104 | €149,900 | +€52,796 | +54.4% |
| Taxes | 450/3 | €21,686 | €41,397 | +€19,711 | +90.9% |
| Remuneration and social security | 454/9 | €75,418 | €108,503 | +€33,085 | +43.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €750,486 | €1,294,141 | +€543,655 | +72.4% |
| Remuneration, social security and pensions | 62 | €675,705 | €884,276 | +€208,571 | +30.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €753,884 | €943,359 | +€189,475 | +25.1% |
| Other operating charges | 640/8 | €5,782 | €1,515 | -€4,268 | -73.8% |
| Non-recurring operating charges | 66A | - | €8,562 | +€8,562 | |
| Gross operating margin | 9900 | -€600,356 | €56,553 | +€656,908 | |
| Operating profit (loss) | 9901 | -€2,035,727 | -€1,781,159 | +€254,567 | +12.5% |
| Financial income | 75/76B | €88,483 | €50,023 | -€38,459 | -43.5% |
| Recurring financial income | 75 | €88,483 | €50,023 | -€38,459 | -43.5% |
| Financial charges | 65/66B | €44,565 | €32,979 | -€11,585 | -26.0% |
| Recurring financial charges | 65 | €44,565 | €32,979 | -€11,585 | -26.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,991,809 | -€1,764,116 | +€227,693 | +11.4% |
| Income taxes | 67/77 | -€51,424 | -€54,890 | -€3,465 | -6.7% |
| Profit (loss) for the period | 9904 | -€1,940,384 | -€1,709,226 | +€231,159 | +11.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,940,384 | -€1,709,226 | +€231,159 | +11.9% |
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 17 October 2026 via checked.be.