LOG-IT: what changed
Two financial 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-IT
Largest movements
- Tangible fixed assets -€35,257
down €35,257 (-8.0%), from €438,621 to €403,365
of which Land and buildings: -€29,663
- Receivables within one year -€12,966
down €12,966 (-74.5%), from €17,397 to €4,431
of which Trade receivables: -€12,921
- Cash -€7,396
down €7,396 (-82.9%), from €8,919 to €1,523
mainly Net result for the year (-€50,536) and Debts after one year (-€16,881)
- Financial fixed assets -€5,700
down €5,700 (-89.1%), from €6,400 to €700
- Profit (loss) carried forward -€39,469
down €39,469 (-31.0%), from -€127,259 to -€166,728
- Debts after one year -€16,881
down €16,881 (-7.0%), from €242,470 to €225,589
of which Financial debts: -€18,881
- Reserves -€11,066
down €11,066 (-7.9%), from €139,449 to €128,383
of which Tax-exempt reserves: -€11,066
- Gross operating margin -€25,124
down €25,124, from €21,531 to -€3,594
- Staff costs -€14,941
down €14,941 (-58.8%), from €25,412 to €10,471
- Depreciation -€2,107
down €2,107 (-5.7%), from €36,667 to €34,560
- Financial charges +€504
up €504 (+12.4%), from €4,050 to €4,554
- Taxes -€350
no longer reported in 2025 (was €350)
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.
Derived cash bridge
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 | €492,577 | €426,355 | -€66,222 | -13.4% |
| Fixed assets | 21/28 | €445,021 | €404,065 | -€40,957 | -9.2% |
| Tangible fixed assets | 22/27 | €438,621 | €403,365 | -€35,257 | -8.0% |
| Land and buildings | 22 | €423,847 | €394,184 | -€29,663 | -7.0% |
| Furniture and vehicles | 24 | €14,775 | €9,181 | -€5,594 | -37.9% |
| Financial fixed assets | 28 | €6,400 | €700 | -€5,700 | -89.1% |
| Current assets | 29/58 | €47,555 | €22,290 | -€25,265 | -53.1% |
| Stocks and contracts in progress | 3 | €18,053 | €16,097 | -€1,956 | -10.8% |
| Stocks | 30/36 | €18,053 | €16,097 | -€1,956 | -10.8% |
| Amounts receivable within one year | 40/41 | €17,397 | €4,431 | -€12,966 | -74.5% |
| Trade receivables | 40 | €17,352 | €4,431 | -€12,921 | -74.5% |
| Other amounts receivable | 41 | €45 | - | -€45 | |
| Cash at bank and in hand | 54/58 | €8,919 | €1,523 | -€7,396 | -82.9% |
| Deferred charges and accrued income | 490/1 | €3,187 | €239 | -€2,948 | -92.5% |
| Total equity and liabilities | 10/49 | €492,577 | €426,355 | -€66,222 | -13.4% |
| Equity | 10/15 | €30,782 | -€19,754 | -€50,536 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €139,449 | €128,383 | -€11,066 | -7.9% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €137,590 | €126,523 | -€11,066 | -8.0% |
| Profit (loss) carried forward | 14 | -€127,259 | -€166,728 | -€39,469 | -31.0% |
| Provisions and deferred taxes | 16 | €45,863 | €42,174 | -€3,689 | -8.0% |
| Deferred taxes | 168 | €45,863 | €42,174 | -€3,689 | -8.0% |
| Amounts payable | 17/49 | €415,932 | €403,934 | -€11,997 | -2.9% |
| Amounts payable after more than one year | 17 | €242,470 | €225,589 | -€16,881 | -7.0% |
| Financial debts | 170/4 | €126,120 | €107,239 | -€18,881 | -15.0% |
| Other amounts payable | 178/9 | €116,350 | €118,350 | +€2,000 | +1.7% |
| Amounts payable within one year | 42/48 | €173,462 | €178,345 | +€4,883 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €18,511 | €18,881 | +€369 | +2.0% |
| Trade debts | 44 | €6,372 | €8,874 | +€2,502 | +39.3% |
| Suppliers | 440/4 | €6,372 | €8,874 | +€2,502 | +39.3% |
| Taxes, remuneration and social security | 45 | €8,096 | €6,682 | -€1,414 | -17.5% |
| Taxes | 450/3 | €4,669 | €4,538 | -€131 | -2.8% |
| Remuneration and social security | 454/9 | €3,427 | €2,144 | -€1,283 | -37.4% |
| Other amounts payable | 47/48 | €140,483 | €143,909 | +€3,425 | +2.4% |
| Remuneration, social security and pensions | 62 | €25,412 | €10,471 | -€14,941 | -58.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,667 | €34,560 | -€2,107 | -5.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €136 | -€188 | -€324 | |
| Other operating charges | 640/8 | €1,322 | €1,523 | +€201 | +15.2% |
| Gross operating margin | 9900 | €21,531 | -€3,594 | -€25,124 | |
| Operating profit (loss) | 9901 | -€42,007 | -€49,960 | -€7,954 | -18.9% |
| Financial income | 75/76B | €453 | €290 | -€163 | -36.1% |
| Recurring financial income | 75 | €453 | €290 | -€163 | -36.1% |
| Financial charges | 65/66B | €4,050 | €4,554 | +€504 | +12.4% |
| Recurring financial charges | 65 | €4,050 | €4,554 | +€504 | +12.4% |
| Profit (loss) for the period before taxes | 9903 | -€45,604 | -€54,224 | -€8,621 | -18.9% |
| Transfer from deferred taxes | 780 | €3,689 | €3,689 | = | 0.0% |
| Income taxes | 67/77 | €350 | - | -€350 | |
| Profit (loss) for the period | 9904 | -€42,265 | -€50,536 | -€8,271 | -19.6% |
| Transfer from tax-exempt reserves | 789 | €11,066 | €11,066 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,199 | -€39,469 | -€8,271 | -26.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.