CO2LOGIC: 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.
What changed
CO2LOGIC
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€744,869
2024 · -€84,330+€829,200
Equity
€5.9m
2024 · €5.2m+€744,869
Cash
€1.4m
2024 · €2.8m-€1.4m
Balance sheet total
€12.2m
2024 · €13.6m-€1.3m
Largest movements
Assets
- Financial fixed assets +€2.0m
up €2.0m (+1248.1%), from €160,081 to €2.2m
of which Affiliated companies: +€2.0m
- Cash -€1.4m
down €1.4m (-51.1%), from €2.8m to €1.4m
mainly Investment in fixed assets (net) (-€2.0m) and Advances received (-€1.1m)
- Receivables within one year -€1.4m
down €1.4m (-17.2%), from €8.2m to €6.8m
of which Trade receivables: -€1.4m
- Stocks and contracts -€326,755
down €326,755 (-32.8%), from €996,792 to €670,037
- Deferred charges and accrued income -€244,535
down €244,535 (-32.0%), from €764,942 to €520,407
Equity and liabilities
- Advances received -€1.1m
down €1.1m (-28.4%), from €3.8m to €2.7m
- Accrued charges and deferred income -€956,958
down €956,958 (-67.2%), from €1.4m to €467,784
- Reserves +€744,869
up €744,869 (+15.0%), from €5.0m to €5.7m
of which Distributable reserves: +€744,869
- Tax, wage and social debts -€443,389
down €443,389 (-44.7%), from €992,203 to €548,814
of which Taxes: -€373,611
- Trade debts +€404,970
up €404,970 (+19.0%), from €2.1m to €2.5m
Income statement
- Staff costs -€841,218
down €841,218 (-22.9%), from €3.7m to €2.8m
- Goods and materials +€805,156
up €805,156 (+21.9%), from €3.7m to €4.5m
of which Change in stocks: decrease (increase): +€872,705
- Services and other goods -€616,078
down €616,078 (-23.3%), from €2.6m to €2.0m
- Turnover +€433,858
up €433,858 (+4.6%), from €9.5m to €10.0m
- Financial income -€169,841
down €169,841 (-40.9%), from €415,265 to €245,425
of which Non-recurring financial income: -€230,284
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.
Result 2024
-€84,330
Turnover
+€433,858
Other operating income
-€32,281
Goods and materials
-€805,156
Services and other goods
+€616,078
Staff costs
+€841,218
Depreciation
+€49,330
Write-downs
-€35,552
Other operating charges
+€9,716
Other operating items
-€3,681
Financial income
-€169,841
Financial charges
+€63,509
Taxes
-€137,996
Result 2025
€744,869
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.
From operations
+€576,875
Investment
-€2.0m
Financing
-€14,583
Cash 2024
€2.8m
From operations (derived)
+€576,875
Net result for the year
+€744,869
Depreciation
+€43,639
Receivables after one year
-€120,751
Stocks and contracts
+€326,755
Receivables within one year
+€1.4m
Deferred charges and accrued income
+€244,535
Trade debts
+€404,970
Tax, wage and social debts
-€443,389
Advances received
-€1.1m
Accrued charges and deferred income
-€956,958
Investment (derived)
-€2.0m
Investment in fixed assets (net)
-€2.0m
Financing
-€14,583
Debts after one year
-€2,579
Current portion of long-term debt
-€12,004
Cash 2025
€1.4m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,587,481 | €12,239,742 | -€1.3m | -9.9% |
| Fixed assets | 21/28 | €229,090 | €2,180,210 | +€2.0m | +851.7% |
| Intangible fixed assets | 21 | €13,068 | €2,076 | -€10,992 | -84.1% |
| Tangible fixed assets | 22/27 | €55,941 | €20,120 | -€35,821 | -64.0% |
| Plant, machinery and equipment | 23 | €1,500 | €1,500 | = | 0.0% |
| Furniture and vehicles | 24 | €35,760 | €15,442 | -€20,318 | -56.8% |
| Leasing and similar rights | 25 | €18,681 | €3,178 | -€15,503 | -83.0% |
| Financial fixed assets | 28 | €160,081 | €2,158,014 | +€2.0m | +1248.1% |
| Affiliated companies | 280/1 | €0 | €2,000,000 | +€2.0m | |
| Participating interests | 280 | €0 | - | = | |
| Amounts receivable | 281 | €0 | €2,000,000 | +€2.0m | |
| Companies linked by participating interests | 282/3 | €2,067 | €0 | -€2,067 | -100.0% |
| Participating interests | 282 | €2,067 | €0 | -€2,067 | -100.0% |
| Other financial fixed assets | 284/8 | €158,014 | €158,014 | = | 0.0% |
| Shares | 284 | €100,854 | €100,854 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €57,160 | €57,160 | = | 0.0% |
| Current assets | 29/58 | €13,358,391 | €10,059,532 | -€3.3m | -24.7% |
| Amounts receivable after more than one year | 29 | €549,250 | €670,000 | +€120,751 | +22.0% |
| Other amounts receivable | 291 | €549,250 | €670,000 | +€120,751 | +22.0% |
| Stocks and contracts in progress | 3 | €996,792 | €670,037 | -€326,755 | -32.8% |
| Stocks | 30/36 | €996,792 | €670,037 | -€326,755 | -32.8% |
| Goods purchased for resale | 34 | €996,792 | €670,037 | -€326,755 | -32.8% |
| Amounts receivable within one year | 40/41 | €8,243,920 | €6,828,067 | -€1.4m | -17.2% |
| Trade receivables | 40 | €7,693,711 | €6,285,611 | -€1.4m | -18.3% |
| Other amounts receivable | 41 | €550,209 | €542,456 | -€7,753 | -1.4% |
| Cash at bank and in hand | 54/58 | €2,803,488 | €1,371,021 | -€1.4m | -51.1% |
| Deferred charges and accrued income | 490/1 | €764,942 | €520,407 | -€244,535 | -32.0% |
| Total equity and liabilities | 10/49 | €13,587,481 | €12,239,742 | -€1.3m | -9.9% |
| Equity | 10/15 | €5,203,379 | €5,948,249 | +€744,869 | +14.3% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €4,953,379 | €5,698,249 | +€744,869 | +15.0% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,405 | €8,405 | = | 0.0% |
| Distributable reserves | 133 | €4,919,974 | €5,664,844 | +€744,869 | +15.1% |
| Amounts payable | 17/49 | €8,384,102 | €6,291,493 | -€2.1m | -25.0% |
| Amounts payable after more than one year | 17 | €2,579 | €0 | -€2,579 | -100.0% |
| Financial debts | 170/4 | €2,579 | €0 | -€2,579 | -100.0% |
| Leasing and similar obligations | 172 | €2,579 | €0 | -€2,579 | -100.0% |
| Amounts payable within one year | 42/48 | €6,956,781 | €5,823,710 | -€1.1m | -16.3% |
| Current portion of amounts payable after more than one year | 42 | €15,503 | €3,499 | -€12,004 | -77.4% |
| Trade debts | 44 | €2,133,395 | €2,538,365 | +€404,970 | +19.0% |
| Suppliers | 440/4 | €2,133,395 | €2,538,365 | +€404,970 | +19.0% |
| Advances received on contracts in progress | 46 | €3,815,679 | €2,733,031 | -€1.1m | -28.4% |
| Taxes, remuneration and social security | 45 | €992,203 | €548,814 | -€443,389 | -44.7% |
| Taxes | 450/3 | €615,631 | €242,020 | -€373,611 | -60.7% |
| Remuneration and social security | 454/9 | €376,572 | €306,794 | -€69,778 | -18.5% |
| Accrued charges and deferred income | 492/3 | €1,424,742 | €467,784 | -€956,958 | -67.2% |
| Operating income | 70/76A | €9,680,320 | €10,081,504 | +€401,185 | +4.1% |
| Turnover | 70 | €9,534,053 | €9,967,910 | +€433,858 | +4.6% |
| Other operating income | 74 | €145,875 | €113,594 | -€32,281 | -22.1% |
| Non-recurring operating income | 76A | €392 | €0 | -€392 | -100.0% |
| Operating charges | 60/66A | €10,103,887 | €9,431,544 | -€672,343 | -6.7% |
| Goods for resale, raw materials and consumables | 60 | €3,684,262 | €4,489,419 | +€805,156 | +21.9% |
| Purchases | 600/8 | €4,230,213 | €4,162,664 | -€67,549 | -1.6% |
| Change in stocks: decrease (increase) | 609 | -€545,950 | €326,755 | +€872,705 | |
| Services and other goods | 61 | €2,640,909 | €2,024,831 | -€616,078 | -23.3% |
| Remuneration, social security and pensions | 62 | €3,667,060 | €2,825,842 | -€841,218 | -22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,969 | €43,639 | -€49,330 | -53.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,454 | €42,006 | +€35,552 | +550.8% |
| Other operating charges | 640/8 | €10,593 | €876 | -€9,716 | -91.7% |
| Non-recurring operating charges | 66A | €1,641 | €4,931 | +€3,290 | +200.4% |
| Operating profit (loss) | 9901 | -€423,568 | €649,960 | +€1.1m | |
| Financial income | 75/76B | €415,265 | €245,425 | -€169,841 | -40.9% |
| Recurring financial income | 75 | €12,048 | €72,492 | +€60,443 | +501.7% |
| Income from financial fixed assets | 750 | €12,041 | €72,078 | +€60,036 | +498.6% |
| Income from current assets | 751 | €0 | - | = | |
| Other financial income | 752/9 | €7 | €414 | +€407 | +6003.4% |
| Non-recurring financial income | 76B | €403,217 | €172,933 | -€230,284 | -57.1% |
| Financial charges | 65/66B | €76,028 | €12,519 | -€63,509 | -83.5% |
| Recurring financial charges | 65 | €7,079 | €12,519 | +€5,441 | +76.9% |
| Debt charges | 650 | €0 | €4,687 | +€4,687 | |
| Other financial charges | 652/9 | €7,079 | €7,833 | +€754 | +10.6% |
| Non-recurring financial charges | 66B | €68,949 | €0 | -€68,949 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€84,330 | €882,865 | +€967,196 | |
| Income taxes | 67/77 | €0 | €137,996 | +€137,996 | |
| Taxes | 670/3 | €0 | €137,996 | +€137,996 | |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€84,330 | €744,869 | +€829,200 | |
| Transfer from tax-exempt reserves | 789 | €286,280 | €0 | -€286,280 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €201,950 | €744,869 | +€542,920 | +268.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.