Locus Projects: 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.
Locus Projects
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€6,434
down €6,434 (-59.7%), from €10,769 to €4,335
- Taxes -€1,249
down €1,249 (-100.0%), from €1,249 to €0
- Depreciation -€576
down €576 (-20.4%), from €2,827 to €2,252
- Gross operating margin +€290
up €290 (+13.6%), from -€2,135 to -€1,845
- Financial charges +€272
up €272 (+64.3%), from €422 to €694
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 | €527,146 | €523,977 | -€3,169 | -0.6% |
| Fixed assets | 21/28 | €3,648 | €1,396 | -€2,252 | -61.7% |
| Tangible fixed assets | 22/27 | €3,648 | €1,396 | -€2,252 | -61.7% |
| Plant, machinery and equipment | 23 | €2,418 | €948 | -€1,470 | -60.8% |
| Furniture and vehicles | 24 | €1,230 | €448 | -€782 | -63.6% |
| Current assets | 29/58 | €523,498 | €522,581 | -€918 | -0.2% |
| Amounts receivable within one year | 40/41 | €2,101 | €3,401 | +€1,301 | +61.9% |
| Other amounts receivable | 41 | €2,101 | €3,401 | +€1,301 | +61.9% |
| Cash at bank and in hand | 54/58 | €521,398 | €519,179 | -€2,218 | -0.4% |
| Total equity and liabilities | 10/49 | €527,146 | €523,977 | -€3,169 | -0.6% |
| Equity | 10/15 | €137,014 | €136,106 | -€908 | -0.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €128,266 | €128,266 | = | 0.0% |
| Distributable reserves | 133 | €128,266 | €128,266 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,748 | €2,840 | -€908 | -24.2% |
| Amounts payable | 17/49 | €390,132 | €387,871 | -€2,261 | -0.6% |
| Amounts payable within one year | 42/48 | €390,132 | €387,871 | -€2,261 | -0.6% |
| Trade debts | 44 | - | €434 | +€434 | |
| Suppliers | 440/4 | - | €434 | +€434 | |
| Other amounts payable | 47/48 | €390,132 | €387,437 | -€2,695 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,827 | €2,252 | -€576 | -20.4% |
| Other operating charges | 640/8 | €387 | €453 | +€66 | +17.0% |
| Gross operating margin | 9900 | -€2,135 | -€1,845 | +€290 | +13.6% |
| Operating profit (loss) | 9901 | -€5,349 | -€4,549 | +€800 | +14.9% |
| Financial income | 75/76B | €10,769 | €4,335 | -€6,434 | -59.7% |
| Recurring financial income | 75 | €10,769 | €4,335 | -€6,434 | -59.7% |
| Financial charges | 65/66B | €422 | €694 | +€272 | +64.3% |
| Recurring financial charges | 65 | €422 | €694 | +€272 | +64.3% |
| Profit (loss) for the period before taxes | 9903 | €4,997 | -€908 | -€5,906 | |
| Income taxes | 67/77 | €1,249 | €0 | -€1,249 | -100.0% |
| Profit (loss) for the period | 9904 | €3,748 | -€908 | -€4,656 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,748 | -€908 | -€4,656 |
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 11 October 2026 via checked.be.