IB LOGICS: 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.
IB LOGICS
Largest movements
- Receivables within one year +€54,988
up €54,988 (+41.6%), from €132,064 to €187,052
of which Other amounts receivable: +€44,953
- Cash -€47,096
down €47,096 (-77.6%), from €60,707 to €13,610
mainly Receivables within one year (-€54,988) and Other debts (-€51,900)
- Reserves +€74,524
up €74,524 (+4.6%), from €1.6m to €1.7m
- Other debts -€51,900
down €51,900 (-3.5%), from €1.5m to €1.4m
- Tax, wage and social debts -€32,581
down €32,581 (-67.6%), from €48,172 to €15,591
- Financial income -€114,468
no longer reported in 2025 (was €114,468)
- Financial charges -€54,245
down €54,245 (-99.9%), from €54,314 to €69
- Gross operating margin -€37,550
down €37,550 (-22.9%), from €163,895 to €126,345
- Depreciation -€26,270
down €26,270 (-59.9%), from €43,885 to €17,615
- Taxes -€25,224
down €25,224 (-45.4%), from €55,548 to €30,324
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 | €3,171,997 | €3,162,274 | -€9,723 | -0.3% |
| Fixed assets | 21/28 | €479,227 | €461,612 | -€17,615 | -3.7% |
| Tangible fixed assets | 22/27 | €479,227 | €461,612 | -€17,615 | -3.7% |
| Land and buildings | 22 | €476,700 | €460,200 | -€16,500 | -3.5% |
| Plant, machinery and equipment | 23 | €1,077 | €799 | -€278 | -25.8% |
| Furniture and vehicles | 24 | €1,450 | €613 | -€837 | -57.7% |
| Current assets | 29/58 | €2,692,770 | €2,700,662 | +€7,892 | +0.3% |
| Amounts receivable after more than one year | 29 | €2,500,000 | €2,500,000 | = | 0.0% |
| Other amounts receivable | 291 | €2,500,000 | €2,500,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €132,064 | €187,052 | +€54,988 | +41.6% |
| Trade receivables | 40 | €17,552 | €27,587 | +€10,035 | +57.2% |
| Other amounts receivable | 41 | €114,512 | €159,465 | +€44,953 | +39.3% |
| Cash at bank and in hand | 54/58 | €60,707 | €13,610 | -€47,096 | -77.6% |
| Total equity and liabilities | 10/49 | €3,171,997 | €3,162,274 | -€9,723 | -0.3% |
| Equity | 10/15 | €1,649,667 | €1,724,191 | +€74,524 | +4.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,637,267 | €1,711,791 | +€74,524 | +4.6% |
| Distributable reserves | 133 | €1,637,267 | €1,711,791 | +€74,524 | +4.6% |
| Amounts payable | 17/49 | €1,522,331 | €1,438,084 | -€84,247 | -5.5% |
| Amounts payable within one year | 42/48 | €1,522,331 | €1,438,084 | -€84,247 | -5.5% |
| Trade debts | 44 | €907 | €1,141 | +€234 | +25.8% |
| Suppliers | 440/4 | €907 | €1,141 | +€234 | +25.8% |
| Taxes, remuneration and social security | 45 | €48,172 | €15,591 | -€32,581 | -67.6% |
| Taxes | 450/3 | €48,172 | €15,591 | -€32,581 | -67.6% |
| Other amounts payable | 47/48 | €1,473,251 | €1,421,351 | -€51,900 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,885 | €17,615 | -€26,270 | -59.9% |
| Other operating charges | 640/8 | €3,734 | €3,813 | +€79 | +2.1% |
| Gross operating margin | 9900 | €163,895 | €126,345 | -€37,550 | -22.9% |
| Operating profit (loss) | 9901 | €116,276 | €104,917 | -€11,359 | -9.8% |
| Financial income | 75/76B | €114,468 | - | -€114,468 | |
| Recurring financial income | 75 | €114,468 | - | -€114,468 | |
| Financial charges | 65/66B | €54,314 | €69 | -€54,245 | -99.9% |
| Recurring financial charges | 65 | €54,314 | €69 | -€54,245 | -99.9% |
| Profit (loss) for the period before taxes | 9903 | €176,430 | €104,848 | -€71,582 | -40.6% |
| Income taxes | 67/77 | €55,548 | €30,324 | -€25,224 | -45.4% |
| Profit (loss) for the period | 9904 | €120,882 | €74,524 | -€46,358 | -38.3% |
| Profit (loss) for the period to be appropriated | 9905 | €120,882 | €74,524 | -€46,358 | -38.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.