LOG-CON-6: 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-CON-6
Largest movements
- Cash -€9,830
down €9,830 (-5.3%), from €185,063 to €175,233
mainly Net result for the year (-€9,754) and Trade debts (-€2,258)
- Reserves -€9,754
down €9,754 (-4.5%), from €215,411 to €205,656
of which Distributable reserves: -€9,754
- Provisions +€44,566
up €44,566, from -€44,566 to €0
- Financial charges -€38,868
down €38,868 (-98.1%), from €39,612 to €745
- Gross operating margin +€4,928
up €4,928 (+33.8%), from -€14,563 to -€9,635
- Other operating charges +€806
up €806 (+158.9%), from €507 to €1,313
- Depreciation -€339
down €339 (-100.0%), from €339 to €0
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 | €238,691 | €226,679 | -€12,012 | -5.0% |
| Fixed assets | 21/28 | €8,450 | €8,450 | = | 0.0% |
| Tangible fixed assets | 22/27 | €6,550 | €6,550 | = | 0.0% |
| Furniture and vehicles | 24 | €6,550 | €6,550 | = | 0.0% |
| Financial fixed assets | 28 | €1,900 | €1,900 | = | 0.0% |
| Current assets | 29/58 | €230,241 | €218,229 | -€12,012 | -5.2% |
| Amounts receivable within one year | 40/41 | €45,093 | €42,908 | -€2,185 | -4.8% |
| Trade receivables | 40 | €1,900 | €148 | -€1,752 | -92.2% |
| Other amounts receivable | 41 | €43,193 | €42,760 | -€433 | -1.0% |
| Cash at bank and in hand | 54/58 | €185,063 | €175,233 | -€9,830 | -5.3% |
| Deferred charges and accrued income | 490/1 | €85 | €88 | +€3 | +3.4% |
| Total equity and liabilities | 10/49 | €238,691 | €226,679 | -€12,012 | -5.0% |
| Equity | 10/15 | €234,011 | €224,256 | -€9,754 | -4.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €215,411 | €205,656 | -€9,754 | -4.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €213,551 | €203,796 | -€9,754 | -4.6% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €4,680 | €2,422 | -€2,258 | -48.2% |
| Amounts payable within one year | 42/48 | €4,680 | €2,422 | -€2,258 | -48.2% |
| Trade debts | 44 | €4,568 | €2,310 | -€2,258 | -49.4% |
| Suppliers | 440/4 | €4,568 | €2,310 | -€2,258 | -49.4% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €112 | €112 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €339 | €0 | -€339 | -100.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€44,566 | €0 | +€44,566 | |
| Other operating charges | 640/8 | €507 | €1,313 | +€806 | +158.9% |
| Gross operating margin | 9900 | -€14,563 | -€9,635 | +€4,928 | +33.8% |
| Operating profit (loss) | 9901 | €29,158 | -€10,948 | -€40,105 | |
| Financial income | 75/76B | €1,884 | €2,016 | +€131 | +7.0% |
| Recurring financial income | 75 | €1,884 | €2,016 | +€131 | +7.0% |
| Financial charges | 65/66B | €39,612 | €745 | -€38,868 | -98.1% |
| Recurring financial charges | 65 | €39,612 | €745 | -€38,868 | -98.1% |
| Profit (loss) for the period before taxes | 9903 | -€8,570 | -€9,677 | -€1,106 | -12.9% |
| Income taxes | 67/77 | €174 | €78 | -€96 | -55.3% |
| Profit (loss) for the period | 9904 | -€8,744 | -€9,754 | -€1,010 | -11.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,744 | -€9,754 | -€1,010 | -11.6% |
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 8 October 2026 via checked.be.