LOG'IRIS: 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.
What changed
LOG'IRIS
NACE 70.200, Business and other management consultancy
fiscal year 2022 against 2023filed annual accounts (NBB)
Net result for the year
€7,067
2022 · €116,681-€109,614
Equity
€39.4m
2022 · €33.7m+€5.7m
Cash
€6.0m
2022 · €8.8m-€2.8m
Balance sheet total
€100.7m
2022 · €86.3m+€14.5m
Largest movements
Assets
- Tangible fixed assets +€15.9m
up €15.9m (+21.4%), from €74.3m to €90.3m
of which Assets under construction and advance payments: +€19.2m
- Cash -€2.8m
down €2.8m (-31.7%), from €8.8m to €6.0m
mainly Investment in fixed assets (net) (-€19.2m) and Receivables within one year (-€1.3m)
- Receivables within one year +€1.3m
up €1.3m (+42.5%), from €3.0m to €4.2m
of which Other amounts receivable: +€1.1m
Equity and liabilities
- Debts after one year +€9.5m
up €9.5m (+21.3%), from €44.6m to €54.1m
of which Financial debts: +€9.5m
- Investment grants +€5.7m
up €5.7m (+25.6%), from €22.2m to €27.8m
- Provisions -€1.1m
down €1.1m (-33.5%), from €3.2m to €2.1m
of which Provisions for liabilities and charges: -€1.0m
Income statement
- Turnover +€891,438
up €891,438 (+9.9%), from €9.0m to €9.9m
- Services and other goods +€875,929
up €875,929 (+23.3%), from €3.8m to €4.6m
- Staff costs +€651,336
up €651,336 (+18.6%), from €3.5m to €4.2m
- Provisions -€481,646
down €481,646 (-86.3%), from -€557,789 to -€1.0m
- Other operating income -€112,120
down €112,120 (-4.7%), from €2.4m to €2.3m
From the 2022 result to the 2023 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.
Result 2022
€116,681
Turnover
+€891,438
Other operating income
-€112,120
Goods and materials
-€7,107
Services and other goods
-€875,929
Staff costs
-€651,336
Depreciation
+€97,279
Write-downs
-€742
Provisions
+€481,646
Other operating charges
-€40,963
Other operating items
+€126,649
Financial income
+€49,825
Financial charges
-€68,254
Result 2023
€7,067
Cash bridge derived
Derived from the 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€999,115
Investment
-€19.2m
Financing
+€15.4m
Cash 2022
€8.8m
From operations (derived)
+€999,115
Net result for the year
+€7,067
Depreciation
+€3.3m
Receivables within one year
-€1.3m
Deferred charges and accrued income
-€58,401
Provisions
-€1.1m
Trade debts
-€161,289
Smaller working-capital items
-€38,781
Other debts
+€332,882
Investment (derived)
-€19.2m
Investment in fixed assets (net)
-€19.2m
Financing
+€15.4m
Debts after one year
+€9.5m
Current portion of long-term debt
+€254,734
Contributions, distributions and other
+€5.7m
Cash 2023
€6.0m
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €86,272,591 | €100,742,947 | +€14.5m | +16.8% |
| Fixed assets | 21/28 | €74,338,615 | €90,279,646 | +€15.9m | +21.4% |
| Tangible fixed assets | 22/27 | €74,338,615 | €90,279,646 | +€15.9m | +21.4% |
| Land and buildings | 22 | €61,357,349 | €58,145,310 | -€3.2m | -5.2% |
| Plant, machinery and equipment | 23 | €1,199 | €741 | -€459 | -38.2% |
| Furniture and vehicles | 24 | €60,845 | €44,813 | -€16,032 | -26.3% |
| Assets under construction and advance payments | 27 | €12,919,222 | €32,088,783 | +€19.2m | +148.4% |
| Current assets | 29/58 | €11,933,976 | €10,463,301 | -€1.5m | -12.3% |
| Amounts receivable within one year | 40/41 | €2,952,227 | €4,206,860 | +€1.3m | +42.5% |
| Trade receivables | 40 | €235,180 | €424,472 | +€189,292 | +80.5% |
| Other amounts receivable | 41 | €2,717,047 | €3,782,389 | +€1.1m | +39.2% |
| Current investments | 50/53 | €3,604 | €3,604 | = | 0.0% |
| Other investments | 51/53 | €3,604 | €3,604 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €8,784,656 | €6,000,946 | -€2.8m | -31.7% |
| Deferred charges and accrued income | 490/1 | €193,489 | €251,890 | +€58,401 | +30.2% |
| Total equity and liabilities | 10/49 | €86,272,591 | €100,742,947 | +€14.5m | +16.8% |
| Equity | 10/15 | €33,686,830 | €39,356,016 | +€5.7m | +16.8% |
| Contributions | 10/11 | €130,781 | €130,781 | = | 0.0% |
| Capital | 10 | €130,781 | €130,781 | = | 0.0% |
| Issued capital | 100 | €132,632 | €132,632 | = | 0.0% |
| Uncalled capital | 101 | €1,851 | €1,851 | = | 0.0% |
| Reserves | 13 | €11,401,011 | €11,408,078 | +€7,067 | +0.1% |
| Non-distributable reserves | 130/1 | €1,913,263 | €1,913,263 | = | 0.0% |
| Legal reserve | 130 | €13,263 | €13,263 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900,000 | €1,900,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €123,755 | €123,755 | = | 0.0% |
| Distributable reserves | 133 | €9,363,992 | €9,371,059 | +€7,067 | +0.1% |
| Investment grants | 15 | €22,155,039 | €27,817,158 | +€5.7m | +25.6% |
| Provisions and deferred taxes | 16 | €3,219,364 | €2,141,355 | -€1.1m | -33.5% |
| Provisions for liabilities and charges | 160/5 | €2,484,979 | €1,445,544 | -€1.0m | -41.8% |
| Taxes | 161 | €264,609 | €264,609 | = | 0.0% |
| Major repairs and maintenance | 162 | €2,220,370 | €1,180,935 | -€1.0m | -46.8% |
| Deferred taxes | 168 | €734,386 | €695,811 | -€38,574 | -5.3% |
| Amounts payable | 17/49 | €49,366,396 | €59,245,576 | +€9.9m | +20.0% |
| Amounts payable after more than one year | 17 | €44,612,756 | €54,104,391 | +€9.5m | +21.3% |
| Financial debts | 170/4 | €44,485,899 | €53,992,637 | +€9.5m | +21.4% |
| Credit institutions | 173 | €44,485,899 | €53,992,637 | +€9.5m | +21.4% |
| Other amounts payable | 178/9 | €126,858 | €111,753 | -€15,105 | -11.9% |
| Amounts payable within one year | 42/48 | €4,733,641 | €5,141,185 | +€407,544 | +8.6% |
| Current portion of amounts payable after more than one year | 42 | €2,097,833 | €2,352,567 | +€254,734 | +12.1% |
| Trade debts | 44 | €1,281,645 | €1,120,356 | -€161,289 | -12.6% |
| Suppliers | 440/4 | €1,281,645 | €1,120,356 | -€161,289 | -12.6% |
| Taxes, remuneration and social security | 45 | €326,013 | €307,231 | -€18,782 | -5.8% |
| Taxes | 450/3 | €2,002 | - | -€2,002 | |
| Remuneration and social security | 454/9 | €324,011 | €307,231 | -€16,780 | -5.2% |
| Other amounts payable | 47/48 | €1,028,149 | €1,361,031 | +€332,882 | +32.4% |
| Accrued charges and deferred income | 492/3 | €19,999 | - | -€19,999 | |
| Operating income | 70/76A | €11,392,336 | €12,330,315 | +€937,979 | +8.2% |
| Turnover | 70 | €8,978,871 | €9,870,309 | +€891,438 | +9.9% |
| Other operating income | 74 | €2,376,969 | €2,264,849 | -€112,120 | -4.7% |
| Non-recurring operating income | 76A | €36,497 | €195,158 | +€158,661 | +434.7% |
| Operating charges | 60/66A | €11,651,220 | €12,680,384 | +€1.0m | +8.8% |
| Goods for resale, raw materials and consumables | 60 | €484,200 | €491,307 | +€7,107 | +1.5% |
| Purchases | 600/8 | €484,200 | €491,307 | +€7,107 | +1.5% |
| Services and other goods | 61 | €3,752,523 | €4,628,453 | +€875,929 | +23.3% |
| Remuneration, social security and pensions | 62 | €3,503,174 | €4,154,510 | +€651,336 | +18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,347,560 | €3,250,280 | -€97,279 | -2.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €12,089 | €12,832 | +€742 | +6.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€557,789 | -€1,039,435 | -€481,646 | -86.3% |
| Other operating charges | 640/8 | €1,103,735 | €1,144,697 | +€40,963 | +3.7% |
| Non-recurring operating charges | 66A | €5,728 | €37,740 | +€32,012 | +558.8% |
| Operating profit (loss) | 9901 | -€258,884 | -€350,068 | -€91,184 | -35.2% |
| Financial income | 75/76B | €913,751 | €963,576 | +€49,825 | +5.5% |
| Recurring financial income | 75 | €913,751 | €963,576 | +€49,825 | +5.5% |
| Income from current assets | 751 | €185,926 | €232,709 | +€46,783 | +25.2% |
| Other financial income | 752/9 | €727,825 | €730,867 | +€3,042 | +0.4% |
| Financial charges | 65/66B | €576,761 | €645,014 | +€68,254 | +11.8% |
| Recurring financial charges | 65 | €576,761 | €645,014 | +€68,254 | +11.8% |
| Debt charges | 650 | €572,880 | €641,404 | +€68,524 | +12.0% |
| Other financial charges | 652/9 | €3,880 | €3,611 | -€270 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €78,106 | -€31,507 | -€109,614 | |
| Transfer from deferred taxes | 780 | €38,574 | €38,574 | -€0 | 0.0% |
| Profit (loss) for the period | 9904 | €116,681 | €7,067 | -€109,614 | -93.9% |
| Profit (loss) for the period to be appropriated | 9905 | €116,681 | €7,067 | -€109,614 | -93.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.