PRO LOCUS: 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.
PRO LOCUS
Largest movements
- Current investments +€1.1m
up €1.1m (+289%), from €382,378 to €1.5m
- Tangible fixed assets -€659,549
down €659,549 (-9.9%), from €6.7m to €6.0m
of which Land and buildings: -€657,082
- Reserves +€586,991
up €586,991 (+60.8%), from €965,268 to €1.6m
of which Tax-exempt reserves: +€412,840
- Debts after one year -€255,531
down €255,531 (-12.5%), from €2.1m to €1.8m
of which Financial debts: -€255,531
- Provisions +€121,742
up €121,742 (+110%), from €110,934 to €232,675
- Other debts +€80,439
up €80,439 (+8.5%), from €944,112 to €1.0m
- Gross operating margin -€24,618
down €24,618 (-4.6%), from €538,807 to €514,188
- Depreciation -€21,739
down €21,739 (-11.5%), from €188,618 to €166,879
- Other operating charges -€18,267
down €18,267 (-45.0%), from €40,565 to €22,297
- Financial income +€15,315
up €15,315 (+105%), from €14,655 to €29,971
- Taxes +€8,472
up €8,472 (+17.1%), from €49,579 to €58,050
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 | €7,231,254 | €7,810,258 | +€579,004 | +8.0% |
| Fixed assets | 21/28 | €6,676,881 | €6,017,332 | -€659,549 | -9.9% |
| Tangible fixed assets | 22/27 | €6,676,881 | €6,017,332 | -€659,549 | -9.9% |
| Land and buildings | 22 | €6,664,112 | €6,007,030 | -€657,082 | -9.9% |
| Plant, machinery and equipment | 23 | €12,769 | €10,302 | -€2,467 | -19.3% |
| Current assets | 29/58 | €554,374 | €1,792,926 | +€1.2m | +223% |
| Amounts receivable within one year | 40/41 | €98,317 | €160,222 | +€61,905 | +63.0% |
| Other amounts receivable | 41 | €98,317 | €160,222 | +€61,905 | +63.0% |
| Current investments | 50/53 | €382,378 | €1,487,514 | +€1.1m | +289% |
| Cash at bank and in hand | 54/58 | €67,912 | €139,865 | +€71,953 | +106% |
| Deferred charges and accrued income | 490/1 | €5,767 | €5,324 | -€442 | -7.7% |
| Total equity and liabilities | 10/49 | €7,231,254 | €7,810,258 | +€579,004 | +8.0% |
| Equity | 10/15 | €3,465,268 | €4,052,260 | +€586,991 | +16.9% |
| Contributions | 10/11 | €2,500,000 | €2,500,000 | = | 0.0% |
| Reserves | 13 | €965,268 | €1,552,260 | +€586,991 | +60.8% |
| Tax-exempt reserves | 132 | €285,186 | €698,026 | +€412,840 | +145% |
| Distributable reserves | 133 | €680,082 | €854,233 | +€174,151 | +25.6% |
| Provisions and deferred taxes | 16 | €110,934 | €232,675 | +€121,742 | +110% |
| Deferred taxes | 168 | €110,934 | €232,675 | +€121,742 | +110% |
| Amounts payable | 17/49 | €3,655,052 | €3,525,323 | -€129,729 | -3.5% |
| Amounts payable after more than one year | 17 | €2,051,258 | €1,795,727 | -€255,531 | -12.5% |
| Financial debts | 170/4 | €2,029,546 | €1,774,015 | -€255,531 | -12.6% |
| Other amounts payable | 178/9 | €21,712 | €21,712 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,603,795 | €1,708,761 | +€104,966 | +6.5% |
| Current portion of amounts payable after more than one year | 42 | €588,737 | €603,494 | +€14,757 | +2.5% |
| Trade debts | 44 | €39,135 | €10,835 | -€28,300 | -72.3% |
| Suppliers | 440/4 | €39,135 | €10,835 | -€28,300 | -72.3% |
| Taxes, remuneration and social security | 45 | €31,811 | €69,882 | +€38,071 | +120% |
| Taxes | 450/3 | €31,811 | €69,882 | +€38,071 | +120% |
| Other amounts payable | 47/48 | €944,112 | €1,024,550 | +€80,439 | +8.5% |
| Accrued charges and deferred income | 492/3 | - | €20,835 | +€20,835 | |
| Non-recurring operating income | 76A | - | €2,909 | +€2,909 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €188,618 | €166,879 | -€21,739 | -11.5% |
| Other operating charges | 640/8 | €40,565 | €22,297 | -€18,267 | -45.0% |
| Gross operating margin | 9900 | €538,807 | €514,188 | -€24,618 | -4.6% |
| Operating profit (loss) | 9901 | €309,624 | €325,012 | +€15,388 | +5.0% |
| Financial income | 75/76B | €14,655 | €29,971 | +€15,315 | +105% |
| Recurring financial income | 75 | €14,655 | €29,971 | +€15,315 | +105% |
| Financial charges | 65/66B | €139,624 | €136,720 | -€2,903 | -2.1% |
| Recurring financial charges | 65 | €139,624 | €136,720 | -€2,903 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | €184,656 | €218,262 | +€33,606 | +18.2% |
| Transfer from deferred taxes | 780 | €3,825 | €3,485 | -€340 | -8.9% |
| Income taxes | 67/77 | €49,579 | €58,050 | +€8,472 | +17.1% |
| Profit (loss) for the period | 9904 | €138,903 | €163,697 | +€24,794 | +17.9% |
| Transfer from tax-exempt reserves | 789 | €9,834 | €10,455 | +€621 | +6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €148,737 | €174,151 | +€25,415 | +17.1% |
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 13 October 2026 via checked.be.