LOCUS I: 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.
LOCUS I
Largest movements
- Receivables within one year -€120,173
down €120,173 (-98.6%), from €121,827 to €1,653
of which Trade receivables: -€120,995
- Cash -€13,153
down €13,153 (-70.9%), from €18,557 to €5,404
mainly Debts after one year (-€150,681) and Investment in fixed assets (net) (-€72,379)
- Tangible fixed assets +€9,003
up €9,003 (+2.1%), from €434,349 to €443,352
of which Land and buildings: +€32,647
- Debts after one year -€150,681
down €150,681 (-22.7%), from €664,499 to €513,818
of which Other amounts payable: -€120,033
- Other debts +€68,010
up €68,010 (+640.8%), from €10,613 to €78,623
- Profit (loss) carried forward -€44,586
down €44,586 (-21.9%), from -€203,817 to -€248,403
- Staff costs -€13,363
no longer reported in 2025 (was €13,363)
- Gross operating margin -€7,830
down €7,830 (-16.2%), from €48,212 to €40,382
- Depreciation -€4,482
down €4,482 (-6.3%), from €70,848 to €66,366
- Other operating charges -€3,946
down €3,946 (-20.0%), from €19,722 to €15,776
- Financial charges -€748
down €748 (-20.9%), from €3,574 to €2,826
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 | €577,722 | €450,410 | -€127,313 | -22.0% |
| Fixed assets | 21/28 | €437,339 | €443,352 | +€6,013 | +1.4% |
| Tangible fixed assets | 22/27 | €434,349 | €443,352 | +€9,003 | +2.1% |
| Land and buildings | 22 | €258,609 | €291,256 | +€32,647 | +12.6% |
| Plant, machinery and equipment | 23 | €175,739 | €152,096 | -€23,644 | -13.5% |
| Financial fixed assets | 28 | €2,990 | - | -€2,990 | |
| Current assets | 29/58 | €140,383 | €7,058 | -€133,326 | -95.0% |
| Amounts receivable within one year | 40/41 | €121,827 | €1,653 | -€120,173 | -98.6% |
| Trade receivables | 40 | €120,995 | - | -€120,995 | |
| Other amounts receivable | 41 | €831 | €1,653 | +€822 | +98.9% |
| Cash at bank and in hand | 54/58 | €18,557 | €5,404 | -€13,153 | -70.9% |
| Total equity and liabilities | 10/49 | €577,722 | €450,410 | -€127,313 | -22.0% |
| Equity | 10/15 | -€129,012 | -€173,597 | -€44,586 | -34.6% |
| Contributions | 10/11 | €44,000 | €44,000 | = | 0.0% |
| Reserves | 13 | €30,805 | €30,805 | = | 0.0% |
| Distributable reserves | 133 | €30,805 | €30,805 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€203,817 | -€248,403 | -€44,586 | -21.9% |
| Amounts payable | 17/49 | €706,734 | €624,007 | -€82,727 | -11.7% |
| Amounts payable after more than one year | 17 | €664,499 | €513,818 | -€150,681 | -22.7% |
| Financial debts | 170/4 | €171,056 | €140,408 | -€30,648 | -17.9% |
| Other amounts payable | 178/9 | €493,444 | €373,411 | -€120,033 | -24.3% |
| Amounts payable within one year | 42/48 | €42,235 | €110,189 | +€67,954 | +160.9% |
| Current portion of amounts payable after more than one year | 42 | €31,387 | €30,638 | -€750 | -2.4% |
| Trade debts | 44 | €235 | €928 | +€694 | +295.7% |
| Suppliers | 440/4 | €235 | €928 | +€694 | +295.7% |
| Other amounts payable | 47/48 | €10,613 | €78,623 | +€68,010 | +640.8% |
| Remuneration, social security and pensions | 62 | €13,363 | - | -€13,363 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,848 | €66,366 | -€4,482 | -6.3% |
| Other operating charges | 640/8 | €19,722 | €15,776 | -€3,946 | -20.0% |
| Gross operating margin | 9900 | €48,212 | €40,382 | -€7,830 | -16.2% |
| Operating profit (loss) | 9901 | -€55,720 | -€41,759 | +€13,961 | +25.1% |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Financial charges | 65/66B | €3,574 | €2,826 | -€748 | -20.9% |
| Recurring financial charges | 65 | €3,574 | €2,826 | -€748 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | -€59,288 | -€44,586 | +€14,702 | +24.8% |
| Profit (loss) for the period | 9904 | -€59,288 | -€44,586 | +€14,702 | +24.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€59,288 | -€44,586 | +€14,702 | +24.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.