LOG ADMINUS: 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.
LOG ADMINUS
Largest movements
- Tangible fixed assets -€84,119
down €84,119 (-6.6%), from €1.3m to €1.2m
of which Plant, machinery and equipment: -€42,274
- Debts after one year -€40,609
down €40,609 (-3.5%), from €1.2m to €1.1m
of which Financial debts: -€40,609
- Profit (loss) carried forward -€23,064
down €23,064 (-8.5%), from -€271,582 to -€294,646
- Gross operating margin +€18,924
up €18,924 (+26.1%), from €72,644 to €91,569
- Other operating charges -€5,158
down €5,158 (-44.2%), from €11,671 to €6,513
- Staff costs +€3,168
up €3,168 (+872.7%), from €363 to €3,531
- Depreciation -€2,279
down €2,279 (-2.5%), from €89,498 to €87,219
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 | €1,302,261 | €1,223,540 | -€78,721 | -6.0% |
| Fixed assets | 21/28 | €1,278,598 | €1,194,479 | -€84,119 | -6.6% |
| Tangible fixed assets | 22/27 | €1,278,572 | €1,194,453 | -€84,119 | -6.6% |
| Land and buildings | 22 | €881,207 | €854,871 | -€26,337 | -3.0% |
| Plant, machinery and equipment | 23 | €338,532 | €296,258 | -€42,274 | -12.5% |
| Furniture and vehicles | 24 | €58,832 | €43,324 | -€15,508 | -26.4% |
| Financial fixed assets | 28 | €26 | €26 | = | 0.0% |
| Current assets | 29/58 | €23,663 | €29,061 | +€5,398 | +22.8% |
| Cash at bank and in hand | 54/58 | €23,663 | €29,061 | +€5,398 | +22.8% |
| Total equity and liabilities | 10/49 | €1,302,261 | €1,223,540 | -€78,721 | -6.0% |
| Equity | 10/15 | -€183,267 | -€218,171 | -€34,904 | -19.0% |
| Contributions | 10/11 | €1,100 | €1,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€271,582 | -€294,646 | -€23,064 | -8.5% |
| Investment grants | 15 | €87,215 | €75,376 | -€11,839 | -13.6% |
| Amounts payable | 17/49 | €1,485,528 | €1,441,711 | -€43,817 | -2.9% |
| Amounts payable after more than one year | 17 | €1,170,810 | €1,130,201 | -€40,609 | -3.5% |
| Financial debts | 170/4 | €720,810 | €680,201 | -€40,609 | -5.6% |
| Other amounts payable | 178/9 | €450,000 | €450,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €309,048 | €310,907 | +€1,859 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €39,810 | €43,957 | +€4,147 | +10.4% |
| Trade debts | 44 | €7,793 | €1,319 | -€6,474 | -83.1% |
| Suppliers | 440/4 | €7,543 | €1,319 | -€6,224 | -82.5% |
| Bills of exchange payable | 441 | €250 | - | -€250 | |
| Advances received on contracts in progress | 46 | - | €501 | +€501 | |
| Taxes, remuneration and social security | 45 | €1,446 | €5,131 | +€3,685 | +254.9% |
| Taxes | 450/3 | €1,446 | €5,131 | +€3,685 | +254.9% |
| Other amounts payable | 47/48 | €260,000 | €260,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €5,670 | €603 | -€5,067 | -89.4% |
| Remuneration, social security and pensions | 62 | €363 | €3,531 | +€3,168 | +872.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,498 | €87,219 | -€2,279 | -2.5% |
| Other operating charges | 640/8 | €11,671 | €6,513 | -€5,158 | -44.2% |
| Gross operating margin | 9900 | €72,644 | €91,569 | +€18,924 | +26.1% |
| Operating profit (loss) | 9901 | -€28,887 | -€5,694 | +€23,193 | +80.3% |
| Financial charges | 65/66B | €17,107 | €17,370 | +€263 | +1.5% |
| Recurring financial charges | 65 | €17,107 | €17,370 | +€263 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | -€45,995 | -€23,064 | +€22,930 | +49.9% |
| Profit (loss) for the period | 9904 | -€45,995 | -€23,064 | +€22,930 | +49.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€45,995 | -€23,064 | +€22,930 | +49.9% |
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 3 October 2026 via checked.be.