LOG'D: 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'D
Largest movements
- Cash +€3,028
up €3,028 (+109.6%), from €2,762 to €5,790
mainly Tax, wage and social debts (+€2,858) and Receivables within one year (+€1,550)
- Receivables within one year -€1,550
down €1,550 (-3.5%), from €44,775 to €43,225
of which Trade receivables: -€815
- Tangible fixed assets -€723
down €723 (-47.0%), from €1,539 to €816
- Profit (loss) carried forward -€2,998
down €2,998 (-8.7%), from €34,484 to €31,487
- Tax, wage and social debts +€2,858
up €2,858 (+144.8%), from €1,973 to €4,831
- Trade debts +€896
up €896 (+133.7%), from €670 to €1,566
- Other operating charges -€2,433
down €2,433 (-88.0%), from €2,765 to €332
- Taxes +€273
up €273, from -€108 to €165
- Gross operating margin +€170
up €170 (+6.9%), from -€2,472 to -€2,301
- Financial income +€82
up €82 (+14.1%), from €583 to €665
- Depreciation -€65
down €65 (-8.2%), from €787 to €723
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 | €51,076 | €51,831 | +€756 | +1.5% |
| Fixed assets | 21/28 | €3,502 | €2,779 | -€723 | -20.6% |
| Tangible fixed assets | 22/27 | €1,539 | €816 | -€723 | -47.0% |
| Furniture and vehicles | 24 | €1,539 | €816 | -€723 | -47.0% |
| Financial fixed assets | 28 | €1,963 | €1,963 | = | 0.0% |
| Current assets | 29/58 | €47,574 | €49,052 | +€1,478 | +3.1% |
| Amounts receivable within one year | 40/41 | €44,775 | €43,225 | -€1,550 | -3.5% |
| Trade receivables | 40 | €32,128 | €31,313 | -€815 | -2.5% |
| Other amounts receivable | 41 | €12,647 | €11,912 | -€735 | -5.8% |
| Cash at bank and in hand | 54/58 | €2,762 | €5,790 | +€3,028 | +109.6% |
| Deferred charges and accrued income | 490/1 | €37 | €37 | = | 0.0% |
| Total equity and liabilities | 10/49 | €51,076 | €51,831 | +€756 | +1.5% |
| Equity | 10/15 | €48,432 | €45,435 | -€2,998 | -6.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,548 | €1,548 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,548 | €1,548 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,548 | €1,548 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,484 | €31,487 | -€2,998 | -8.7% |
| Amounts payable | 17/49 | €2,643 | €6,397 | +€3,753 | +142.0% |
| Amounts payable within one year | 42/48 | €2,643 | €6,397 | +€3,753 | +142.0% |
| Trade debts | 44 | €670 | €1,566 | +€896 | +133.7% |
| Suppliers | 440/4 | €670 | €1,566 | +€896 | +133.7% |
| Taxes, remuneration and social security | 45 | €1,973 | €4,831 | +€2,858 | +144.8% |
| Taxes | 450/3 | €1,973 | €4,831 | +€2,858 | +144.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €787 | €723 | -€65 | -8.2% |
| Other operating charges | 640/8 | €2,765 | €332 | -€2,433 | -88.0% |
| Gross operating margin | 9900 | -€2,472 | -€2,301 | +€170 | +6.9% |
| Operating profit (loss) | 9901 | -€6,024 | -€3,357 | +€2,668 | +44.3% |
| Financial income | 75/76B | €583 | €665 | +€82 | +14.1% |
| Recurring financial income | 75 | €583 | €665 | +€82 | +14.1% |
| Financial charges | 65/66B | €90 | €142 | +€51 | +56.8% |
| Recurring financial charges | 65 | €90 | €142 | +€51 | +56.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,531 | -€2,833 | +€2,699 | +48.8% |
| Income taxes | 67/77 | -€108 | €165 | +€273 | |
| Profit (loss) for the period | 9904 | -€5,423 | -€2,998 | +€2,425 | +44.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,423 | -€2,998 | +€2,425 | +44.7% |
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 30 September 2026 via checked.be.