GW LOGITOP Services: 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.
GW LOGITOP Services
Largest movements
- Financial fixed assets -€82,530
no longer reported in 2025 (was €82,530)
- Cash +€74,884
up €74,884 (+81.7%), from €91,646 to €166,530
mainly Net result for the year (+€138,140) and Investment in fixed assets (net) (+€55,554)
- Tangible fixed assets +€17,228
up €17,228 (+159%), from €10,828 to €28,057
of which Furniture and vehicles: +€12,691
- Receivables within one year -€13,187
down €13,187 (-10.3%), from €128,517 to €115,330
of which Trade receivables: -€43,604
- Deferred charges and accrued income -€7,106
down €7,106 (-66.1%), from €10,755 to €3,649
- Reserves -€8,300
down €8,300 (-3.1%), from €264,800 to €256,500
- Financial income +€155,642
up €155,642 (+7,090%), from €2,195 to €157,837
of which Non-recurring financial income: +€152,900
- Gross operating margin -€84,927
down €84,927 (-73.4%), from €115,648 to €30,721
- Taxes +€19,613
up €19,613 (+104%), from €18,865 to €38,478
- Depreciation +€3,521
up €3,521 (+56.5%), from €6,227 to €9,748
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 | €324,276 | €313,566 | -€10,710 | -3.3% |
| Fixed assets | 21/28 | €93,358 | €28,057 | -€65,302 | -69.9% |
| Tangible fixed assets | 22/27 | €10,828 | €28,057 | +€17,228 | +159% |
| Plant, machinery and equipment | 23 | €10,791 | €15,328 | +€4,537 | +42.0% |
| Furniture and vehicles | 24 | €38 | €12,729 | +€12,691 | +33,726% |
| Financial fixed assets | 28 | €82,530 | - | -€82,530 | |
| Current assets | 29/58 | €230,918 | €285,509 | +€54,592 | +23.6% |
| Amounts receivable within one year | 40/41 | €128,517 | €115,330 | -€13,187 | -10.3% |
| Trade receivables | 40 | €43,604 | - | -€43,604 | |
| Other amounts receivable | 41 | €84,913 | €115,330 | +€30,417 | +35.8% |
| Cash at bank and in hand | 54/58 | €91,646 | €166,530 | +€74,884 | +81.7% |
| Deferred charges and accrued income | 490/1 | €10,755 | €3,649 | -€7,106 | -66.1% |
| Total equity and liabilities | 10/49 | €324,276 | €313,566 | -€10,710 | -3.3% |
| Equity | 10/15 | €266,096 | €257,836 | -€8,260 | -3.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €264,800 | €256,500 | -€8,300 | -3.1% |
| Distributable reserves | 133 | €264,800 | €256,500 | -€8,300 | -3.1% |
| Profit (loss) carried forward | 14 | €296 | €336 | +€40 | +13.5% |
| Amounts payable | 17/49 | €58,180 | €55,730 | -€2,450 | -4.2% |
| Amounts payable within one year | 42/48 | €58,180 | €55,730 | -€2,450 | -4.2% |
| Trade debts | 44 | €1,482 | €1,420 | -€62 | -4.2% |
| Suppliers | 440/4 | €1,482 | €1,420 | -€62 | -4.2% |
| Taxes, remuneration and social security | 45 | €11,698 | €9,310 | -€2,388 | -20.4% |
| Taxes | 450/3 | €11,698 | €9,310 | -€2,388 | -20.4% |
| Other amounts payable | 47/48 | €45,000 | €45,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,227 | €9,748 | +€3,521 | +56.5% |
| Other operating charges | 640/8 | €751 | €871 | +€121 | +16.1% |
| Gross operating margin | 9900 | €115,648 | €30,721 | -€84,927 | -73.4% |
| Operating profit (loss) | 9901 | €108,670 | €20,102 | -€88,568 | -81.5% |
| Financial income | 75/76B | €2,195 | €157,837 | +€155,642 | +7,090% |
| Recurring financial income | 75 | €2,195 | €4,937 | +€2,742 | +125% |
| Non-recurring financial income | 76B | - | €152,900 | +€152,900 | |
| Financial charges | 65/66B | €1,630 | €1,321 | -€308 | -18.9% |
| Recurring financial charges | 65 | €1,630 | €1,321 | -€308 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | €109,236 | €176,618 | +€67,382 | +61.7% |
| Income taxes | 67/77 | €18,865 | €38,478 | +€19,613 | +104% |
| Profit (loss) for the period | 9904 | €90,371 | €138,140 | +€47,769 | +52.9% |
| Profit (loss) for the period to be appropriated | 9905 | €90,371 | €138,140 | +€47,769 | +52.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.