LOG - X: what changed
LOG - X
Largest movements
- Current investments -€256,389
no longer reported in 2025 (was €256,389)
- Cash +€242,982
up €242,982 (+524%), from €46,386 to €289,368
mainly Current investments (+€256,389) and Depreciation (+€11,145)
- Tangible fixed assets -€11,145
down €11,145 (-22.4%), from €49,679 to €38,534
of which Furniture and vehicles: -€10,743
- Reserves -€36,345
down €36,345 (-9.6%), from €380,397 to €344,052
- Profit (loss) carried forward +€6,909
up €6,909, from €0 to €6,909
- Gross operating margin -€116,201
down €116,201, from €101,183 to -€15,017
- Financial income +€39,956
up €39,956 (+1,865%), from €2,142 to €42,098
- Taxes -€16,648
down €16,648 (-82.0%), from €20,306 to €3,657
- Depreciation +€7,826
up €7,826 (+236%), from €3,319 to €11,145
- Financial charges +€3,733
up €3,733 (+492%), from €758 to €4,491
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €406,031 | €378,453 | -€27,578 | -6.8% |
| Fixed assets | 21/28 | €49,679 | €38,534 | -€11,145 | -22.4% |
| Tangible fixed assets | 22/27 | €49,679 | €38,534 | -€11,145 | -22.4% |
| Plant, machinery and equipment | 23 | €557 | €155 | -€402 | -72.1% |
| Furniture and vehicles | 24 | €49,122 | €38,379 | -€10,743 | -21.9% |
| Current assets | 29/58 | €356,352 | €339,919 | -€16,434 | -4.6% |
| Amounts receivable within one year | 40/41 | €51,924 | €49,194 | -€2,730 | -5.3% |
| Trade receivables | 40 | €4,000 | - | -€4,000 | |
| Other amounts receivable | 41 | €47,924 | €49,194 | +€1,270 | +2.7% |
| Current investments | 50/53 | €256,389 | - | -€256,389 | |
| Cash at bank and in hand | 54/58 | €46,386 | €289,368 | +€242,982 | +524% |
| Deferred charges and accrued income | 490/1 | €1,653 | €1,357 | -€296 | -17.9% |
| Total equity and liabilities | 10/49 | €406,031 | €378,453 | -€27,578 | -6.8% |
| Equity | 10/15 | €398,989 | €369,553 | -€29,436 | -7.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €380,397 | €344,052 | -€36,345 | -9.6% |
| Distributable reserves | 133 | €380,397 | €344,052 | -€36,345 | -9.6% |
| Profit (loss) carried forward | 14 | €0 | €6,909 | +€6,909 | |
| Amounts payable | 17/49 | €7,042 | €8,900 | +€1,857 | +26.4% |
| Amounts payable within one year | 42/48 | €7,042 | €8,900 | +€1,857 | +26.4% |
| Trade debts | 44 | €5,649 | €3,957 | -€1,693 | -30.0% |
| Suppliers | 440/4 | €5,649 | €3,957 | -€1,693 | -30.0% |
| Taxes, remuneration and social security | 45 | €1,393 | €4,943 | +€3,550 | +255% |
| Taxes | 450/3 | €1,293 | €4,943 | +€3,650 | +282% |
| Remuneration and social security | 454/9 | €100 | - | -€100 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €22,040 | - | -€22,040 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,319 | €11,145 | +€7,826 | +236% |
| Other operating charges | 640/8 | €2,355 | €879 | -€1,476 | -62.7% |
| Non-recurring operating charges | 66A | €12,357 | - | -€12,357 | |
| Gross operating margin | 9900 | €101,183 | -€15,017 | -€116,201 | |
| Operating profit (loss) | 9901 | €83,154 | -€27,041 | -€110,194 | |
| Financial income | 75/76B | €2,142 | €42,098 | +€39,956 | +1,865% |
| Recurring financial income | 75 | €2,142 | €42,098 | +€39,956 | +1,865% |
| Financial charges | 65/66B | €758 | €4,491 | +€3,733 | +492% |
| Recurring financial charges | 65 | €758 | €4,491 | +€3,733 | +492% |
| Profit (loss) for the period before taxes | 9903 | €84,538 | €10,567 | -€73,971 | -87.5% |
| Income taxes | 67/77 | €20,306 | €3,657 | -€16,648 | -82.0% |
| Profit (loss) for the period | 9904 | €64,232 | €6,909 | -€57,323 | -89.2% |
| Profit (loss) for the period to be appropriated | 9905 | €64,232 | €6,909 | -€57,323 | -89.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.