E-LOGIC: 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.
E-LOGIC
Largest movements
- Receivables within one year -€145,605
down €145,605 (-93.6%), from €155,504 to €9,899
of which Trade receivables: -€148,184
- Tangible fixed assets -€28,735
down €28,735 (-7.7%), from €373,443 to €344,707
of which Land and buildings: -€28,847
- Other debts -€78,343
down €78,343 (-62.1%), from €126,151 to €47,808
- Reserves -€41,755
down €41,755 (-10.7%), from €388,819 to €347,064
- Current portion of long-term debt -€28,541
down €28,541 (-54.2%), from €52,650 to €24,110
- Debts after one year -€23,671
no longer reported in 2024 (was €23,671)
- Tax, wage and social debts -€6,778
down €6,778 (-44.3%), from €15,287 to €8,509
- Gross operating margin -€34,535
down €34,535 (-39.1%), from €88,427 to €53,892
- Taxes -€9,559
down €9,559 (-63.2%), from €15,122 to €5,563
- Other operating charges +€1,541
up €1,541 (+22.4%), from €6,892 to €8,434
- Depreciation -€1,387
down €1,387 (-4.5%), from €31,137 to €29,750
- Financial charges +€902
up €902 (+88.3%), from €1,022 to €1,924
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €622,322 | €443,296 | -€179,026 | -28.8% |
| Fixed assets | 21/28 | €373,443 | €344,707 | -€28,735 | -7.7% |
| Tangible fixed assets | 22/27 | €373,443 | €344,707 | -€28,735 | -7.7% |
| Land and buildings | 22 | €369,591 | €340,745 | -€28,847 | -7.8% |
| Plant, machinery and equipment | 23 | €499 | €2,173 | +€1,674 | +335.8% |
| Furniture and vehicles | 24 | €2,172 | €1,790 | -€382 | -17.6% |
| Other tangible fixed assets | 26 | €1,180 | - | -€1,180 | |
| Current assets | 29/58 | €248,879 | €98,589 | -€150,290 | -60.4% |
| Amounts receivable within one year | 40/41 | €155,504 | €9,899 | -€145,605 | -93.6% |
| Trade receivables | 40 | €155,504 | €7,321 | -€148,184 | -95.3% |
| Other amounts receivable | 41 | - | €2,578 | +€2,578 | |
| Cash at bank and in hand | 54/58 | €93,375 | €88,690 | -€4,685 | -5.0% |
| Total equity and liabilities | 10/49 | €622,322 | €443,296 | -€179,026 | -28.8% |
| Equity | 10/15 | €401,219 | €359,464 | -€41,755 | -10.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €388,819 | €347,064 | -€41,755 | -10.7% |
| Distributable reserves | 133 | €388,819 | €347,064 | -€41,755 | -10.7% |
| Amounts payable | 17/49 | €221,103 | €83,833 | -€137,270 | -62.1% |
| Amounts payable after more than one year | 17 | €23,671 | - | -€23,671 | |
| Financial debts | 170/4 | €23,671 | - | -€23,671 | |
| Amounts payable within one year | 42/48 | €195,249 | €81,650 | -€113,599 | -58.2% |
| Current portion of amounts payable after more than one year | 42 | €52,650 | €24,110 | -€28,541 | -54.2% |
| Trade debts | 44 | €1,161 | €1,223 | +€62 | +5.3% |
| Suppliers | 440/4 | €1,161 | €1,223 | +€62 | +5.3% |
| Taxes, remuneration and social security | 45 | €15,287 | €8,509 | -€6,778 | -44.3% |
| Taxes | 450/3 | €15,287 | €8,509 | -€6,778 | -44.3% |
| Other amounts payable | 47/48 | €126,151 | €47,808 | -€78,343 | -62.1% |
| Accrued charges and deferred income | 492/3 | €2,183 | €2,183 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,137 | €29,750 | -€1,387 | -4.5% |
| Other operating charges | 640/8 | €6,892 | €8,434 | +€1,541 | +22.4% |
| Gross operating margin | 9900 | €88,427 | €53,892 | -€34,535 | -39.1% |
| Operating profit (loss) | 9901 | €50,398 | €15,708 | -€34,690 | -68.8% |
| Financial income | 75/76B | €10 | €24 | +€14 | +141.0% |
| Recurring financial income | 75 | €10 | €24 | +€14 | +141.0% |
| Financial charges | 65/66B | €1,022 | €1,924 | +€902 | +88.3% |
| Recurring financial charges | 65 | €1,022 | €1,924 | +€902 | +88.3% |
| Profit (loss) for the period before taxes | 9903 | €49,386 | €13,808 | -€35,578 | -72.0% |
| Income taxes | 67/77 | €15,122 | €5,563 | -€9,559 | -63.2% |
| Profit (loss) for the period | 9904 | €34,264 | €8,245 | -€26,019 | -75.9% |
| Profit (loss) for the period to be appropriated | 9905 | €34,264 | €8,245 | -€26,019 | -75.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.