LOCUBIN: 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.
LOCUBIN
Largest movements
- Cash -€464,600
down €464,600 (-68.9%), from €674,669 to €210,069
mainly Contributions, distributions and other (-€700,000) and Current investments (-€141,906)
- Current investments +€141,906
up €141,906 (+26.3%), from €539,189 to €681,095
- Reserves -€712,727
down €712,727 (-91.2%), from €781,470 to €68,743
of which Distributable reserves: -€712,727
- Other debts +€400,476
up €400,476 (+130%), from €308,845 to €709,321
- Financial income -€559,374
down €559,374 (-96.6%), from €579,097 to €19,723
of which Non-recurring financial income: -€565,305
- Gross operating margin -€70,516
down €70,516 (-98.9%), from €71,288 to €772
- Taxes -€13,876
down €13,876 (-98.8%), from €14,041 to €165
- Depreciation -€982
down €982 (-11.1%), from €8,826 to €7,844
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 | €1,500,622 | €1,180,000 | -€320,622 | -21.4% |
| Fixed assets | 21/28 | €235,075 | €229,689 | -€5,386 | -2.3% |
| Tangible fixed assets | 22/27 | €84,965 | €79,579 | -€5,386 | -6.3% |
| Land and buildings | 22 | €74,873 | €71,251 | -€3,622 | -4.8% |
| Plant, machinery and equipment | 23 | €7,147 | €5,221 | -€1,926 | -26.9% |
| Furniture and vehicles | 24 | €2,195 | €2,733 | +€538 | +24.5% |
| Other tangible fixed assets | 26 | €750 | €374 | -€376 | -50.1% |
| Financial fixed assets | 28 | €150,110 | €150,110 | = | 0.0% |
| Current assets | 29/58 | €1,265,547 | €950,311 | -€315,236 | -24.9% |
| Amounts receivable within one year | 40/41 | €51,689 | €58,723 | +€7,034 | +13.6% |
| Trade receivables | 40 | €36,468 | €28,222 | -€8,246 | -22.6% |
| Other amounts receivable | 41 | €15,221 | €30,501 | +€15,280 | +100% |
| Current investments | 50/53 | €539,189 | €681,095 | +€141,906 | +26.3% |
| Cash at bank and in hand | 54/58 | €674,669 | €210,069 | -€464,600 | -68.9% |
| Deferred charges and accrued income | 490/1 | - | €424 | +€424 | |
| Total equity and liabilities | 10/49 | €1,500,622 | €1,180,000 | -€320,622 | -21.4% |
| Equity | 10/15 | €1,181,470 | €468,743 | -€712,727 | -60.3% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €781,470 | €68,743 | -€712,727 | -91.2% |
| Tax-exempt reserves | 132 | €2,504 | €2,504 | = | 0.0% |
| Distributable reserves | 133 | €778,966 | €66,239 | -€712,727 | -91.5% |
| Amounts payable | 17/49 | €319,152 | €711,257 | +€392,105 | +123% |
| Amounts payable within one year | 42/48 | €319,152 | €711,257 | +€392,105 | +123% |
| Trade debts | 44 | €9,694 | €1,936 | -€7,758 | -80.0% |
| Suppliers | 440/4 | €9,694 | €1,936 | -€7,758 | -80.0% |
| Taxes, remuneration and social security | 45 | €613 | - | -€613 | |
| Taxes | 450/3 | €613 | - | -€613 | |
| Other amounts payable | 47/48 | €308,845 | €709,321 | +€400,476 | +130% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,826 | €7,844 | -€982 | -11.1% |
| Other operating charges | 640/8 | €23,000 | €23,358 | +€358 | +1.6% |
| Gross operating margin | 9900 | €71,288 | €772 | -€70,516 | -98.9% |
| Operating profit (loss) | 9901 | €39,462 | -€30,430 | -€69,892 | |
| Financial income | 75/76B | €579,097 | €19,723 | -€559,374 | -96.6% |
| Recurring financial income | 75 | €13,792 | €19,723 | +€5,931 | +43.0% |
| Non-recurring financial income | 76B | €565,305 | - | -€565,305 | |
| Financial charges | 65/66B | €1,678 | €1,855 | +€177 | +10.5% |
| Recurring financial charges | 65 | €1,678 | €1,855 | +€177 | +10.5% |
| Profit (loss) for the period before taxes | 9903 | €616,881 | -€12,562 | -€629,443 | |
| Income taxes | 67/77 | €14,041 | €165 | -€13,876 | -98.8% |
| Profit (loss) for the period | 9904 | €602,840 | -€12,727 | -€615,567 | |
| Profit (loss) for the period to be appropriated | 9905 | €602,840 | -€12,727 | -€615,567 |
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 14 October 2026 via checked.be.