I-Logs: 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.
I-Logs
Largest movements
- Cash +€17,991
up €17,991 (+8.2%), from €219,635 to €237,626
mainly Net result for the year (+€122,959) and Depreciation (+€3,841)
- Reserves +€122,959
up €122,959 (+60.3%), from €203,919 to €326,878
- Tax, wage and social debts -€83,920
down €83,920 (-55.3%), from €151,847 to €67,927
of which Taxes: -€80,491
- Current portion of long-term debt -€17,657
down €17,657 (-61.5%), from €28,731 to €11,075
- Trade debts -€4,847
down €4,847 (-62.7%), from €7,732 to €2,885
- Provisions -€56,084
down €56,084 (-97.1%), from €57,776 to €1,692
- Financial charges +€52,543
up €52,543 (+619.3%), from €8,485 to €61,028
- Gross operating margin +€43,635
up €43,635 (+6.7%), from €654,567 to €698,202
- Other operating charges -€35,557
down €35,557 (-98.7%), from €36,037 to €480
- Staff costs +€30,948
up €30,948 (+7.4%), from €418,448 to €449,396
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 | €460,696 | €478,630 | +€17,934 | +3.9% |
| Fixed assets | 21/28 | €15,539 | €13,155 | -€2,384 | -15.3% |
| Tangible fixed assets | 22/27 | €15,104 | €12,720 | -€2,384 | -15.8% |
| Furniture and vehicles | 24 | €15,104 | €12,720 | -€2,384 | -15.8% |
| Financial fixed assets | 28 | €436 | €436 | = | 0.0% |
| Current assets | 29/58 | €445,157 | €465,475 | +€20,318 | +4.6% |
| Stocks and contracts in progress | 3 | €17,121 | €19,327 | +€2,205 | +12.9% |
| Stocks | 30/36 | €17,121 | €19,327 | +€2,205 | +12.9% |
| Amounts receivable within one year | 40/41 | €208,401 | €208,512 | +€112 | +0.1% |
| Trade receivables | 40 | €135,323 | €111,740 | -€23,582 | -17.4% |
| Other amounts receivable | 41 | €73,078 | €96,772 | +€23,694 | +32.4% |
| Cash at bank and in hand | 54/58 | €219,635 | €237,626 | +€17,991 | +8.2% |
| Deferred charges and accrued income | 490/1 | - | €10 | +€10 | |
| Total equity and liabilities | 10/49 | €460,696 | €478,630 | +€17,934 | +3.9% |
| Equity | 10/15 | €212,609 | €335,568 | +€122,959 | +57.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €203,919 | €326,878 | +€122,959 | +60.3% |
| Distributable reserves | 133 | €203,919 | €326,878 | +€122,959 | +60.3% |
| Profit (loss) carried forward | 14 | €2,490 | €2,490 | = | 0.0% |
| Provisions and deferred taxes | 16 | €57,776 | €59,467 | +€1,692 | +2.9% |
| Provisions for liabilities and charges | 160/5 | €57,776 | €59,467 | +€1,692 | +2.9% |
| Other liabilities and charges | 164/5 | €57,776 | €59,467 | +€1,692 | +2.9% |
| Amounts payable | 17/49 | €190,312 | €83,595 | -€106,717 | -56.1% |
| Amounts payable within one year | 42/48 | €190,312 | €83,595 | -€106,717 | -56.1% |
| Current portion of amounts payable after more than one year | 42 | €28,731 | €11,075 | -€17,657 | -61.5% |
| Financial debts | 43 | €799 | €1,709 | +€910 | +113.8% |
| Credit institutions | 430/8 | €799 | €1,709 | +€910 | +113.8% |
| Trade debts | 44 | €7,732 | €2,885 | -€4,847 | -62.7% |
| Suppliers | 440/4 | €7,732 | €2,885 | -€4,847 | -62.7% |
| Taxes, remuneration and social security | 45 | €151,847 | €67,927 | -€83,920 | -55.3% |
| Taxes | 450/3 | €99,947 | €19,457 | -€80,491 | -80.5% |
| Remuneration and social security | 454/9 | €51,900 | €48,470 | -€3,430 | -6.6% |
| Other amounts payable | 47/48 | €1,203 | - | -€1,203 | |
| Remuneration, social security and pensions | 62 | €418,448 | €449,396 | +€30,948 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,757 | €3,841 | +€84 | +2.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €57,776 | €1,692 | -€56,084 | -97.1% |
| Other operating charges | 640/8 | €36,037 | €480 | -€35,557 | -98.7% |
| Gross operating margin | 9900 | €654,567 | €698,202 | +€43,635 | +6.7% |
| Operating profit (loss) | 9901 | €138,549 | €242,793 | +€104,244 | +75.2% |
| Financial income | 75/76B | €1,693 | €11 | -€1,682 | -99.4% |
| Recurring financial income | 75 | €1,693 | €11 | -€1,682 | -99.4% |
| Financial charges | 65/66B | €8,485 | €61,028 | +€52,543 | +619.3% |
| Recurring financial charges | 65 | €8,485 | €61,028 | +€52,543 | +619.3% |
| Profit (loss) for the period before taxes | 9903 | €131,757 | €181,776 | +€50,019 | +38.0% |
| Income taxes | 67/77 | €63,980 | €58,817 | -€5,164 | -8.1% |
| Profit (loss) for the period | 9904 | €67,777 | €122,959 | +€55,182 | +81.4% |
| Profit (loss) for the period to be appropriated | 9905 | €67,777 | €122,959 | +€55,182 | +81.4% |
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 1 October 2026 via checked.be.