LOG-SOL: 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-SOL
Largest movements
- Current investments +€142,000
new in 2025: €142,000
- Cash -€34,302
down €34,302 (-43.2%), from €79,381 to €45,079
mainly Current investments (-€142,000) and Receivables within one year (-€24,474)
- Receivables within one year +€24,474
up €24,474 (+91.7%), from €26,679 to €51,152
of which Trade receivables: +€20,963
- Tangible fixed assets -€15,836
down €15,836 (-39.8%), from €39,775 to €23,939
of which Furniture and vehicles: -€15,537
- Reserves +€88,436
up €88,436 (+86.3%), from €102,490 to €190,926
- Trade debts +€16,670
up €16,670 (+235.9%), from €7,067 to €23,737
- Tax, wage and social debts +€12,977
up €12,977 (+37.7%), from €34,449 to €47,426
- Gross operating margin +€33,355
up €33,355 (+30.7%), from €108,602 to €141,957
- Taxes +€13,036
up €13,036 (+58.6%), from €22,245 to €35,280
- Depreciation +€7,034
up €7,034 (+72.8%), from €9,658 to €16,692
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 | €148,380 | €264,588 | +€116,208 | +78.3% |
| Fixed assets | 21/28 | €39,775 | €23,939 | -€15,836 | -39.8% |
| Tangible fixed assets | 22/27 | €39,775 | €23,939 | -€15,836 | -39.8% |
| Plant, machinery and equipment | 23 | €1,829 | €1,530 | -€299 | -16.3% |
| Furniture and vehicles | 24 | €37,946 | €22,409 | -€15,537 | -40.9% |
| Current assets | 29/58 | €108,605 | €240,649 | +€132,044 | +121.6% |
| Amounts receivable within one year | 40/41 | €26,679 | €51,152 | +€24,474 | +91.7% |
| Trade receivables | 40 | €21,506 | €42,469 | +€20,963 | +97.5% |
| Other amounts receivable | 41 | €5,172 | €8,683 | +€3,511 | +67.9% |
| Current investments | 50/53 | - | €142,000 | +€142,000 | |
| Cash at bank and in hand | 54/58 | €79,381 | €45,079 | -€34,302 | -43.2% |
| Deferred charges and accrued income | 490/1 | €2,545 | €2,418 | -€128 | -5.0% |
| Total equity and liabilities | 10/49 | €148,380 | €264,588 | +€116,208 | +78.3% |
| Equity | 10/15 | €104,990 | €193,426 | +€88,436 | +84.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €102,490 | €190,926 | +€88,436 | +86.3% |
| Distributable reserves | 133 | €102,490 | €190,926 | +€88,436 | +86.3% |
| Amounts payable | 17/49 | €43,390 | €71,162 | +€27,772 | +64.0% |
| Amounts payable within one year | 42/48 | €42,375 | €71,162 | +€28,788 | +67.9% |
| Trade debts | 44 | €7,067 | €23,737 | +€16,670 | +235.9% |
| Suppliers | 440/4 | €7,067 | €23,737 | +€16,670 | +235.9% |
| Taxes, remuneration and social security | 45 | €34,449 | €47,426 | +€12,977 | +37.7% |
| Taxes | 450/3 | €34,449 | €47,426 | +€12,977 | +37.7% |
| Other amounts payable | 47/48 | €859 | - | -€859 | |
| Accrued charges and deferred income | 492/3 | €1,016 | - | -€1,016 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,658 | €16,692 | +€7,034 | +72.8% |
| Other operating charges | 640/8 | €1,456 | €1,780 | +€325 | +22.3% |
| Gross operating margin | 9900 | €108,602 | €141,957 | +€33,355 | +30.7% |
| Operating profit (loss) | 9901 | €97,489 | €123,484 | +€25,996 | +26.7% |
| Financial income | 75/76B | €142 | €399 | +€257 | +180.6% |
| Recurring financial income | 75 | €142 | €399 | +€257 | +180.6% |
| Financial charges | 65/66B | €67 | €167 | +€100 | +148.8% |
| Recurring financial charges | 65 | €67 | €167 | +€100 | +148.8% |
| Profit (loss) for the period before taxes | 9903 | €97,564 | €123,716 | +€26,152 | +26.8% |
| Income taxes | 67/77 | €22,245 | €35,280 | +€13,036 | +58.6% |
| Profit (loss) for the period | 9904 | €75,319 | €88,436 | +€13,117 | +17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €75,319 | €88,436 | +€13,117 | +17.4% |
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 29 September 2026 via checked.be.