LO.GI.CA: 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.
What changed
LO.GI.CA
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€161,529
2024 · €166,604-€5,074
Equity
€4.4m
2024 · €4.2m+€161,529
Cash
€12,669
2024 · €63,091-€50,422
Balance sheet total
€8.4m
2024 · €8.5m-€70,777
Largest movements
Assets
- Receivables within one year -€99,033
down €99,033 (-44.5%), from €222,595 to €123,561
of which Other amounts receivable: -€56,683
Equity and liabilities
- Debts after one year -€300,366
down €300,366 (-29.4%), from €1.0m to €720,197
- Reserves +€161,529
up €161,529 (+6.9%), from €2.3m to €2.5m
Income statement
- Financial income -€8,829
down €8,829 (-70.4%), from €12,533 to €3,704
- Financial charges -€7,906
down €7,906 (-8.0%), from €98,336 to €90,431
- Gross operating margin -€5,147
down €5,147 (-1.5%), from €346,397 to €341,250
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.
Result 2024
€166,604
Gross operating margin
-€5,147
Depreciation
-€1,796
Other operating charges
+€1,164
Financial income
-€8,829
Financial charges
+€7,906
Taxes
+€1,627
Result 2025
€161,529
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.
From operations
+€361,588
Investment
-€114,077
Financing
-€297,934
Cash 2024
€63,091
From operations (derived)
+€361,588
Net result for the year
+€161,529
Depreciation
+€34,981
Receivables within one year
+€99,033
Deferred charges and accrued income
+€418
Trade debts
-€7,128
Tax, wage and social debts
-€1,301
Other debts
+€81,433
Accrued charges and deferred income
-€7,376
Investment (derived)
-€114,077
Investment in fixed assets (net)
-€114,077
Financing
-€297,934
Debts after one year
-€300,366
Current portion of long-term debt
+€2,432
Cash 2025
€12,669
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,509,524 | €8,438,747 | -€70,777 | -0.8% |
| Fixed assets | 21/28 | €8,222,633 | €8,301,729 | +€79,096 | +1.0% |
| Tangible fixed assets | 22/27 | €707,953 | €731,849 | +€23,896 | +3.4% |
| Land and buildings | 22 | €707,953 | €731,849 | +€23,896 | +3.4% |
| Financial fixed assets | 28 | €7,514,680 | €7,569,880 | +€55,200 | +0.7% |
| Current assets | 29/58 | €286,891 | €137,018 | -€149,873 | -52.2% |
| Amounts receivable within one year | 40/41 | €222,595 | €123,561 | -€99,033 | -44.5% |
| Trade receivables | 40 | €42,350 | - | -€42,350 | |
| Other amounts receivable | 41 | €180,245 | €123,561 | -€56,683 | -31.4% |
| Cash at bank and in hand | 54/58 | €63,091 | €12,669 | -€50,422 | -79.9% |
| Deferred charges and accrued income | 490/1 | €1,205 | €787 | -€418 | -34.7% |
| Total equity and liabilities | 10/49 | €8,509,524 | €8,438,747 | -€70,777 | -0.8% |
| Equity | 10/15 | €4,239,712 | €4,401,241 | +€161,529 | +3.8% |
| Contributions | 10/11 | €1,893,000 | €1,893,000 | = | 0.0% |
| Reserves | 13 | €2,346,712 | €2,508,241 | +€161,529 | +6.9% |
| Distributable reserves | 133 | €2,346,712 | €2,508,241 | +€161,529 | +6.9% |
| Amounts payable | 17/49 | €4,269,812 | €4,037,506 | -€232,306 | -5.4% |
| Amounts payable after more than one year | 17 | €1,020,562 | €720,197 | -€300,366 | -29.4% |
| Financial debts | 170/4 | €1,020,562 | €720,197 | -€300,366 | -29.4% |
| Amounts payable within one year | 42/48 | €3,189,145 | €3,264,580 | +€75,435 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €297,934 | €300,366 | +€2,432 | +0.8% |
| Trade debts | 44 | €12,280 | €5,152 | -€7,128 | -58.0% |
| Suppliers | 440/4 | €12,280 | €5,152 | -€7,128 | -58.0% |
| Taxes, remuneration and social security | 45 | €24,034 | €22,732 | -€1,301 | -5.4% |
| Taxes | 450/3 | €24,034 | €22,732 | -€1,301 | -5.4% |
| Other amounts payable | 47/48 | €2,854,897 | €2,936,330 | +€81,433 | +2.9% |
| Accrued charges and deferred income | 492/3 | €60,105 | €52,729 | -€7,376 | -12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,185 | €34,981 | +€1,796 | +5.4% |
| Other operating charges | 640/8 | €4,621 | €3,457 | -€1,164 | -25.2% |
| Gross operating margin | 9900 | €346,397 | €341,250 | -€5,147 | -1.5% |
| Operating profit (loss) | 9901 | €308,592 | €302,813 | -€5,779 | -1.9% |
| Financial income | 75/76B | €12,533 | €3,704 | -€8,829 | -70.4% |
| Recurring financial income | 75 | €12,533 | €3,704 | -€8,829 | -70.4% |
| Financial charges | 65/66B | €98,336 | €90,431 | -€7,906 | -8.0% |
| Recurring financial charges | 65 | €98,336 | €90,431 | -€7,906 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €222,789 | €216,087 | -€6,702 | -3.0% |
| Income taxes | 67/77 | €56,185 | €54,557 | -€1,627 | -2.9% |
| Profit (loss) for the period | 9904 | €166,604 | €161,529 | -€5,074 | -3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €166,604 | €161,529 | -€5,074 | -3.0% |
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 7 October 2026 via checked.be.