C-LOGICS: 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.
C-LOGICS
Largest movements
- Current investments +€68,653
up €68,653 (+27.6%), from €248,721 to €317,374
- Tangible fixed assets -€12,441
down €12,441 (-32.9%), from €37,856 to €25,415
of which Furniture and vehicles: -€11,985
- Cash -€6,322
down €6,322 (-7.1%), from €89,380 to €83,057
mainly Current investments (-€68,653) and Tax, wage and social debts (-€15,760)
- Reserves +€67,029
up €67,029 (+19.9%), from €337,472 to €404,502
of which Distributable reserves: +€67,029
- Tax, wage and social debts -€15,760
down €15,760 (-47.1%), from €33,467 to €17,707
- Gross operating margin -€31,048
down €31,048 (-23.6%), from €131,823 to €100,776
- Financial income -€22,221
down €22,221 (-72.0%), from €30,876 to €8,655
- Taxes -€16,844
down €16,844 (-36.9%), from €45,644 to €28,801
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 | €389,812 | €438,506 | +€48,694 | +12.5% |
| Fixed assets | 21/28 | €37,856 | €25,415 | -€12,441 | -32.9% |
| Tangible fixed assets | 22/27 | €37,856 | €25,415 | -€12,441 | -32.9% |
| Plant, machinery and equipment | 23 | €1,091 | €634 | -€457 | -41.9% |
| Furniture and vehicles | 24 | €36,765 | €24,781 | -€11,985 | -32.6% |
| Current assets | 29/58 | €351,956 | €413,091 | +€61,135 | +17.4% |
| Amounts receivable within one year | 40/41 | €13,855 | €12,660 | -€1,195 | -8.6% |
| Trade receivables | 40 | €13,855 | €12,660 | -€1,195 | -8.6% |
| Current investments | 50/53 | €248,721 | €317,374 | +€68,653 | +27.6% |
| Cash at bank and in hand | 54/58 | €89,380 | €83,057 | -€6,322 | -7.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €389,812 | €438,506 | +€48,694 | +12.5% |
| Equity | 10/15 | €349,872 | €416,902 | +€67,029 | +19.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €337,472 | €404,502 | +€67,029 | +19.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €335,612 | €402,642 | +€67,029 | +20.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €39,939 | €21,604 | -€18,335 | -45.9% |
| Amounts payable within one year | 42/48 | €39,939 | €21,604 | -€18,335 | -45.9% |
| Trade debts | 44 | €0 | €356 | +€356 | |
| Suppliers | 440/4 | €0 | €356 | +€356 | |
| Taxes, remuneration and social security | 45 | €33,467 | €17,707 | -€15,760 | -47.1% |
| Taxes | 450/3 | €33,467 | €17,707 | -€15,760 | -47.1% |
| Other amounts payable | 47/48 | €6,473 | €3,542 | -€2,931 | -45.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,169 | €12,441 | +€272 | +2.2% |
| Other operating charges | 640/8 | €852 | €883 | +€31 | +3.6% |
| Gross operating margin | 9900 | €131,823 | €100,776 | -€31,048 | -23.6% |
| Operating profit (loss) | 9901 | €118,803 | €87,452 | -€31,351 | -26.4% |
| Financial income | 75/76B | €30,876 | €8,655 | -€22,221 | -72.0% |
| Recurring financial income | 75 | €30,876 | €8,655 | -€22,221 | -72.0% |
| Financial charges | 65/66B | €70 | €278 | +€208 | +298.7% |
| Recurring financial charges | 65 | €70 | €278 | +€208 | +298.7% |
| Profit (loss) for the period before taxes | 9903 | €149,610 | €95,830 | -€53,780 | -35.9% |
| Income taxes | 67/77 | €45,644 | €28,801 | -€16,844 | -36.9% |
| Profit (loss) for the period | 9904 | €103,965 | €67,029 | -€36,936 | -35.5% |
| Profit (loss) for the period to be appropriated | 9905 | €103,965 | €67,029 | -€36,936 | -35.5% |
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 9 October 2026 via checked.be.