LE TRI LOGIS: 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.
LE TRI LOGIS
Largest movements
- Stocks and contracts -€111,592
down €111,592 (-30.3%), from €368,124 to €256,533
- Cash +€27,028
up €27,028 (+103%), from €26,316 to €53,344
mainly Stocks and contracts (+€111,592) and Accrued charges and deferred income (+€16,781)
- Receivables within one year +€10,995
up €10,995 (+29.2%), from €37,682 to €48,676
- Profit (loss) carried forward -€52,104
down €52,104 (-31.1%), from -€167,672 to -€219,776
- Tax, wage and social debts -€24,040
down €24,040 (-65.6%), from €36,670 to €12,630
of which Taxes: -€15,012
- Trade debts -€19,933
down €19,933 (-46.5%), from €42,843 to €22,910
- Accrued charges and deferred income +€16,781
up €16,781 (+193%), from €8,707 to €25,488
- Other debts +€5,623
up €5,623 (+1.3%), from €430,232 to €435,855
- Write-downs +€33,058
new in 2025: €33,058
- Gross operating margin +€30,772
up €30,772 (+163%), from €18,827 to €49,599
- Staff costs -€22,843
down €22,843 (-32.2%), from €71,031 to €48,188
- Depreciation -€20,301
down €20,301 (-94.3%), from €21,528 to €1,227
- Financial charges +€17,036
up €17,036 (+1,285%), from €1,326 to €18,362
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 | €451,298 | €378,005 | -€73,294 | -16.2% |
| Fixed assets | 21/28 | €17,791 | €18,015 | +€224 | +1.3% |
| Tangible fixed assets | 22/27 | €1,567 | €1,791 | +€224 | +14.3% |
| Furniture and vehicles | 24 | €1,567 | €630 | -€937 | -59.8% |
| Other tangible fixed assets | 26 | - | €1,161 | +€1,161 | |
| Financial fixed assets | 28 | €16,224 | €16,224 | = | 0.0% |
| Current assets | 29/58 | €433,507 | €359,989 | -€73,518 | -17.0% |
| Stocks and contracts in progress | 3 | €368,124 | €256,533 | -€111,592 | -30.3% |
| Stocks | 30/36 | €368,124 | €256,533 | -€111,592 | -30.3% |
| Amounts receivable within one year | 40/41 | €37,682 | €48,676 | +€10,995 | +29.2% |
| Trade receivables | 40 | €37,682 | €48,676 | +€10,995 | +29.2% |
| Cash at bank and in hand | 54/58 | €26,316 | €53,344 | +€27,028 | +103% |
| Deferred charges and accrued income | 490/1 | €1,385 | €1,436 | +€51 | +3.7% |
| Total equity and liabilities | 10/49 | €451,298 | €378,005 | -€73,294 | -16.2% |
| Equity | 10/15 | -€67,672 | -€119,776 | -€52,104 | -77.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€167,672 | -€219,776 | -€52,104 | -31.1% |
| Amounts payable | 17/49 | €518,971 | €497,781 | -€21,190 | -4.1% |
| Amounts payable within one year | 42/48 | €510,263 | €472,292 | -€37,971 | -7.4% |
| Financial debts | 43 | €518 | €897 | +€379 | +73.1% |
| Credit institutions | 430/8 | €518 | €897 | +€379 | +73.1% |
| Trade debts | 44 | €42,843 | €22,910 | -€19,933 | -46.5% |
| Suppliers | 440/4 | €42,843 | €22,910 | -€19,933 | -46.5% |
| Taxes, remuneration and social security | 45 | €36,670 | €12,630 | -€24,040 | -65.6% |
| Taxes | 450/3 | €21,369 | €6,357 | -€15,012 | -70.3% |
| Remuneration and social security | 454/9 | €15,301 | €6,273 | -€9,028 | -59.0% |
| Other amounts payable | 47/48 | €430,232 | €435,855 | +€5,623 | +1.3% |
| Accrued charges and deferred income | 492/3 | €8,707 | €25,488 | +€16,781 | +193% |
| Remuneration, social security and pensions | 62 | €71,031 | €48,188 | -€22,843 | -32.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,528 | €1,227 | -€20,301 | -94.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €33,058 | +€33,058 | |
| Other operating charges | 640/8 | €1,447 | €871 | -€576 | -39.8% |
| Gross operating margin | 9900 | €18,827 | €49,599 | +€30,772 | +163% |
| Operating profit (loss) | 9901 | -€75,179 | -€33,745 | +€41,434 | +55.1% |
| Financial income | 75/76B | €23 | €3 | -€20 | -87.7% |
| Recurring financial income | 75 | €23 | €3 | -€20 | -87.7% |
| Financial charges | 65/66B | €1,326 | €18,362 | +€17,036 | +1,285% |
| Recurring financial charges | 65 | €1,326 | €18,362 | +€17,036 | +1,285% |
| Profit (loss) for the period before taxes | 9903 | -€76,482 | -€52,104 | +€24,378 | +31.9% |
| Profit (loss) for the period | 9904 | -€76,482 | -€52,104 | +€24,378 | +31.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€76,482 | -€52,104 | +€24,378 | +31.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.