Log-Ass: 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-Ass
Largest movements
- Tangible fixed assets -€3,591
down €3,591 (-25.4%), from €14,159 to €10,569
of which Other tangible fixed assets: -€3,872
- Cash -€2,347
down €2,347 (-9.1%), from €25,764 to €23,417
mainly Contributions, distributions and other (-€8,300) and Net result for the year (-€2,865)
- Receivables within one year -€1,164
down €1,164 (-31.3%), from €3,722 to €2,558
- Reserves -€8,300
down €8,300 (-19.1%), from €43,460 to €35,160
- Other debts +€5,487
up €5,487 (+92.8%), from €5,909 to €11,396
- Profit (loss) carried forward -€2,865
down €2,865 (-14.7%), from -€19,538 to -€22,403
- Tax, wage and social debts -€882
down €882 (-75.9%), from €1,163 to €280
of which Remuneration and social security: -€1,024
- Trade debts -€811
down €811 (-89.8%), from €904 to €92
- Gross operating margin -€20,599
down €20,599 (-89.7%), from €22,972 to €2,374
- Other operating charges +€309
up €309 (+38.9%), from €795 to €1,104
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 | €44,298 | €36,926 | -€7,372 | -16.6% |
| Fixed assets | 21/28 | €14,209 | €10,619 | -€3,591 | -25.3% |
| Tangible fixed assets | 22/27 | €14,159 | €10,569 | -€3,591 | -25.4% |
| Furniture and vehicles | 24 | - | €282 | +€282 | |
| Other tangible fixed assets | 26 | €14,159 | €10,287 | -€3,872 | -27.3% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €30,088 | €26,307 | -€3,781 | -12.6% |
| Amounts receivable within one year | 40/41 | €3,722 | €2,558 | -€1,164 | -31.3% |
| Trade receivables | 40 | €3,722 | €2,558 | -€1,164 | -31.3% |
| Cash at bank and in hand | 54/58 | €25,764 | €23,417 | -€2,347 | -9.1% |
| Deferred charges and accrued income | 490/1 | €603 | €333 | -€270 | -44.7% |
| Total equity and liabilities | 10/49 | €44,298 | €36,926 | -€7,372 | -16.6% |
| Equity | 10/15 | €36,322 | €25,157 | -€11,165 | -30.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €43,460 | €35,160 | -€8,300 | -19.1% |
| Distributable reserves | 133 | €43,460 | €35,160 | -€8,300 | -19.1% |
| Profit (loss) carried forward | 14 | -€19,538 | -€22,403 | -€2,865 | -14.7% |
| Amounts payable | 17/49 | €7,976 | €11,769 | +€3,793 | +47.6% |
| Amounts payable within one year | 42/48 | €7,976 | €11,769 | +€3,793 | +47.6% |
| Trade debts | 44 | €904 | €92 | -€811 | -89.8% |
| Suppliers | 440/4 | €904 | €92 | -€811 | -89.8% |
| Taxes, remuneration and social security | 45 | €1,163 | €280 | -€882 | -75.9% |
| Taxes | 450/3 | €139 | €280 | +€142 | +102.0% |
| Remuneration and social security | 454/9 | €1,024 | - | -€1,024 | |
| Other amounts payable | 47/48 | €5,909 | €11,396 | +€5,487 | +92.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,965 | €3,890 | -€75 | -1.9% |
| Other operating charges | 640/8 | €795 | €1,104 | +€309 | +38.9% |
| Gross operating margin | 9900 | €22,972 | €2,374 | -€20,599 | -89.7% |
| Operating profit (loss) | 9901 | €18,212 | -€2,620 | -€20,833 | |
| Financial income | 75/76B | €1 | €2 | +€1 | +114.7% |
| Recurring financial income | 75 | €1 | €2 | +€1 | +114.7% |
| Financial charges | 65/66B | €165 | €104 | -€60 | -36.5% |
| Recurring financial charges | 65 | €165 | €104 | -€60 | -36.5% |
| Profit (loss) for the period before taxes | 9903 | €18,049 | -€2,723 | -€20,772 | |
| Income taxes | 67/77 | €147 | €142 | -€5 | -3.5% |
| Profit (loss) for the period | 9904 | €17,902 | -€2,865 | -€20,767 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,902 | -€2,865 | -€20,767 |
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 2 October 2026 via checked.be.