DERLOGOS: 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.
DERLOGOS
Largest movements
- Tangible fixed assets +€39,317
up €39,317 (+625.6%), from €6,284 to €45,601
- Cash +€23,966
up €23,966 (+72.5%), from €33,064 to €57,030
mainly Net result for the year (+€36,467) and Debts after one year (+€27,989)
- Receivables within one year -€7,857
down €7,857 (-20.4%), from €38,565 to €30,708
of which Trade receivables: -€7,937
- Debts after one year +€27,989
new in 2025: €27,989
- Other debts +€12,365
up €12,365 (+45.3%), from €27,295 to €39,660
- Tax, wage and social debts +€9,627
up €9,627 (+51.4%), from €18,742 to €28,369
- Current portion of long-term debt +€7,654
new in 2025: €7,654
- Accrued charges and deferred income -€1,520
down €1,520 (-14.5%), from €10,500 to €8,980
- Gross operating margin +€25,722
up €25,722 (+66.9%), from €38,463 to €64,185
- Depreciation +€5,964
up €5,964 (+187.3%), from €3,184 to €9,148
- Taxes +€4,751
up €4,751 (+43.9%), from €10,820 to €15,571
- Other operating charges +€961
up €961 (+96.5%), from €996 to €1,957
- Financial charges +€829
up €829 (+388.5%), from €213 to €1,042
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 | €80,630 | €136,152 | +€55,522 | +68.9% |
| Fixed assets | 21/28 | €6,284 | €45,601 | +€39,317 | +625.6% |
| Tangible fixed assets | 22/27 | €6,284 | €45,601 | +€39,317 | +625.6% |
| Furniture and vehicles | 24 | €6,284 | €45,601 | +€39,317 | +625.6% |
| Current assets | 29/58 | €74,346 | €90,551 | +€16,205 | +21.8% |
| Amounts receivable within one year | 40/41 | €38,565 | €30,708 | -€7,857 | -20.4% |
| Trade receivables | 40 | €38,565 | €30,628 | -€7,937 | -20.6% |
| Other amounts receivable | 41 | - | €80 | +€80 | |
| Cash at bank and in hand | 54/58 | €33,064 | €57,030 | +€23,966 | +72.5% |
| Deferred charges and accrued income | 490/1 | €2,717 | €2,813 | +€96 | +3.5% |
| Total equity and liabilities | 10/49 | €80,630 | €136,152 | +€55,522 | +68.9% |
| Equity | 10/15 | €20,149 | €20,616 | +€467 | +2.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,089 | €12,556 | +€467 | +3.9% |
| Amounts payable | 17/49 | €60,482 | €115,536 | +€55,054 | +91.0% |
| Amounts payable after more than one year | 17 | - | €27,989 | +€27,989 | |
| Financial debts | 170/4 | - | €27,989 | +€27,989 | |
| Amounts payable within one year | 42/48 | €49,982 | €78,568 | +€28,586 | +57.2% |
| Current portion of amounts payable after more than one year | 42 | - | €7,654 | +€7,654 | |
| Trade debts | 44 | €3,944 | €2,885 | -€1,060 | -26.9% |
| Suppliers | 440/4 | €3,944 | €2,885 | -€1,060 | -26.9% |
| Taxes, remuneration and social security | 45 | €18,742 | €28,369 | +€9,627 | +51.4% |
| Taxes | 450/3 | €18,742 | €28,369 | +€9,627 | +51.4% |
| Other amounts payable | 47/48 | €27,295 | €39,660 | +€12,365 | +45.3% |
| Accrued charges and deferred income | 492/3 | €10,500 | €8,980 | -€1,520 | -14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,184 | €9,148 | +€5,964 | +187.3% |
| Other operating charges | 640/8 | €996 | €1,957 | +€961 | +96.5% |
| Gross operating margin | 9900 | €38,463 | €64,185 | +€25,722 | +66.9% |
| Operating profit (loss) | 9901 | €34,282 | €53,080 | +€18,797 | +54.8% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €213 | €1,042 | +€829 | +388.5% |
| Recurring financial charges | 65 | €213 | €1,042 | +€829 | +388.5% |
| Profit (loss) for the period before taxes | 9903 | €34,070 | €52,038 | +€17,968 | +52.7% |
| Income taxes | 67/77 | €10,820 | €15,571 | +€4,751 | +43.9% |
| Profit (loss) for the period | 9904 | €23,250 | €36,467 | +€13,218 | +56.9% |
| Profit (loss) for the period to be appropriated | 9905 | €23,250 | €36,467 | +€13,218 | +56.9% |
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 2 October 2026 via checked.be.