LOG CONSEILS: 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 CONSEILS
Largest movements
- Current investments +€327,000
up €327,000 (+186.9%), from €175,000 to €502,000
- Cash -€93,419
down €93,419 (-14.0%), from €665,924 to €572,505
mainly Current investments (-€327,000) and Investment in fixed assets (net) (-€13,755)
- Reserves +€327,000
up €327,000 (+184.9%), from €176,860 to €503,860
- Profit (loss) carried forward -€92,741
down €92,741 (-6.7%), from €1.4m to €1.3m
- Taxes -€95,693
down €95,693 (-68.5%), from €139,688 to €43,995
- Gross operating margin +€91,294
up €91,294 (+68.7%), from €132,791 to €224,085
- Financial income +€15,565
up €15,565 (+477.0%), from €3,263 to €18,829
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 | €1,704,969 | €1,932,122 | +€227,153 | +13.3% |
| Fixed assets | 21/28 | €656,825 | €659,085 | +€2,261 | +0.3% |
| Tangible fixed assets | 22/27 | €393,662 | €395,922 | +€2,261 | +0.6% |
| Land and buildings | 22 | €142,550 | €137,278 | -€5,272 | -3.7% |
| Plant, machinery and equipment | 23 | €16,634 | €14,183 | -€2,451 | -14.7% |
| Furniture and vehicles | 24 | €2,187 | €12,171 | +€9,984 | +456.5% |
| Other tangible fixed assets | 26 | €232,290 | €232,290 | = | 0.0% |
| Financial fixed assets | 28 | €263,163 | €263,163 | = | 0.0% |
| Current assets | 29/58 | €1,048,144 | €1,273,037 | +€224,892 | +21.5% |
| Stocks and contracts in progress | 3 | €54,176 | €54,176 | = | 0.0% |
| Stocks | 30/36 | €54,176 | €54,176 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €153,044 | €144,355 | -€8,689 | -5.7% |
| Trade receivables | 40 | - | €18,875 | +€18,875 | |
| Other amounts receivable | 41 | €153,044 | €125,481 | -€27,564 | -18.0% |
| Current investments | 50/53 | €175,000 | €502,000 | +€327,000 | +186.9% |
| Cash at bank and in hand | 54/58 | €665,924 | €572,505 | -€93,419 | -14.0% |
| Total equity and liabilities | 10/49 | €1,704,969 | €1,932,122 | +€227,153 | +13.3% |
| Equity | 10/15 | €1,582,331 | €1,816,590 | +€234,259 | +14.8% |
| Contributions | 10/11 | €12,424 | €12,424 | = | 0.0% |
| Outside capital | 11 | €12,424 | - | -€12,424 | |
| Share premium | 1100/10 | €12,424 | - | -€12,424 | |
| Reserves | 13 | €176,860 | €503,860 | +€327,000 | +184.9% |
| Non-distributable reserves | 130/1 | €176,860 | €503,860 | +€327,000 | +184.9% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Own shares acquired | 1312 | €175,000 | €502,000 | +€327,000 | +186.9% |
| Profit (loss) carried forward | 14 | €1,393,047 | €1,300,306 | -€92,741 | -6.7% |
| Amounts payable | 17/49 | €122,638 | €115,532 | -€7,106 | -5.8% |
| Amounts payable after more than one year | 17 | €99,571 | €86,133 | -€13,438 | -13.5% |
| Financial debts | 170/4 | €99,571 | €86,133 | -€13,438 | -13.5% |
| Amounts payable within one year | 42/48 | €23,067 | €29,399 | +€6,332 | +27.5% |
| Current portion of amounts payable after more than one year | 42 | €13,069 | €13,430 | +€361 | +2.8% |
| Trade debts | 44 | €1,985 | €7,615 | +€5,631 | +283.7% |
| Suppliers | 440/4 | €1,985 | €7,615 | +€5,631 | +283.7% |
| Taxes, remuneration and social security | 45 | €8,013 | €8,354 | +€341 | +4.2% |
| Taxes | 450/3 | €8,013 | €8,354 | +€341 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,418 | €11,494 | +€2,076 | +22.0% |
| Other operating charges | 640/8 | €1,625 | €2,298 | +€673 | +41.4% |
| Gross operating margin | 9900 | €132,791 | €224,085 | +€91,294 | +68.7% |
| Operating profit (loss) | 9901 | €121,748 | €210,293 | +€88,545 | +72.7% |
| Financial income | 75/76B | €3,263 | €18,829 | +€15,565 | +477.0% |
| Recurring financial income | 75 | €3,263 | €18,829 | +€15,565 | +477.0% |
| Financial charges | 65/66B | €3,546 | €3,118 | -€428 | -12.1% |
| Recurring financial charges | 65 | €3,546 | €3,118 | -€428 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €121,465 | €226,004 | +€104,539 | +86.1% |
| Income taxes | 67/77 | €139,688 | €43,995 | -€95,693 | -68.5% |
| Profit (loss) for the period | 9904 | -€18,223 | €182,009 | +€200,232 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,223 | €182,009 | +€200,232 |
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.