LOGAN COLINET: 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.
LOGAN COLINET
Largest movements
- Tangible fixed assets -€10,295
down €10,295 (-39.7%), from €25,909 to €15,614
- Cash -€10,023
down €10,023 (-16.9%), from €59,149 to €49,126
mainly Contributions, distributions and other (-€74,651) and Debts after one year (-€6,608)
- Receivables within one year +€1,402
up €1,402 (+8.2%), from €17,046 to €18,448
- Profit (loss) carried forward -€38,236
down €38,236 (-53.1%), from €72,046 to €33,810
- Other debts +€30,953
new in 2025: €30,953
- Debts after one year -€6,608
no longer reported in 2025 (was €6,608)
- Current portion of long-term debt -€4,988
down €4,988 (-43.0%), from €11,596 to €6,608
- Tax, wage and social debts -€1,053
down €1,053 (-11.5%), from €9,180 to €8,127
- Gross operating margin +€11,277
up €11,277 (+23.7%), from €47,502 to €58,779
- Taxes +€1,417
up €1,417 (+15.3%), from €9,247 to €10,664
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 | €104,550 | €85,360 | -€19,190 | -18.4% |
| Fixed assets | 21/28 | €25,909 | €15,614 | -€10,295 | -39.7% |
| Tangible fixed assets | 22/27 | €25,909 | €15,614 | -€10,295 | -39.7% |
| Furniture and vehicles | 24 | €25,909 | €15,614 | -€10,295 | -39.7% |
| Current assets | 29/58 | €78,641 | €69,746 | -€8,895 | -11.3% |
| Amounts receivable within one year | 40/41 | €17,046 | €18,448 | +€1,402 | +8.2% |
| Other amounts receivable | 41 | €17,046 | €18,448 | +€1,402 | +8.2% |
| Cash at bank and in hand | 54/58 | €59,149 | €49,126 | -€10,023 | -16.9% |
| Deferred charges and accrued income | 490/1 | €2,446 | €2,172 | -€274 | -11.2% |
| Total equity and liabilities | 10/49 | €104,550 | €85,360 | -€19,190 | -18.4% |
| Equity | 10/15 | €76,046 | €37,810 | -€38,236 | -50.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,046 | €33,810 | -€38,236 | -53.1% |
| Amounts payable | 17/49 | €28,504 | €47,550 | +€19,046 | +66.8% |
| Amounts payable after more than one year | 17 | €6,608 | - | -€6,608 | |
| Financial debts | 170/4 | €6,608 | - | -€6,608 | |
| Amounts payable within one year | 42/48 | €21,896 | €47,550 | +€25,654 | +117.2% |
| Current portion of amounts payable after more than one year | 42 | €11,596 | €6,608 | -€4,988 | -43.0% |
| Trade debts | 44 | €1,121 | €1,862 | +€741 | +66.2% |
| Suppliers | 440/4 | €1,121 | €1,862 | +€741 | +66.2% |
| Taxes, remuneration and social security | 45 | €9,180 | €8,127 | -€1,053 | -11.5% |
| Taxes | 450/3 | €9,180 | €8,127 | -€1,053 | -11.5% |
| Other amounts payable | 47/48 | - | €30,953 | +€30,953 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,295 | €10,295 | +€0 | 0.0% |
| Other operating charges | 640/8 | €678 | €698 | +€20 | +3.0% |
| Gross operating margin | 9900 | €47,502 | €58,779 | +€11,277 | +23.7% |
| Operating profit (loss) | 9901 | €36,530 | €47,786 | +€11,256 | +30.8% |
| Financial charges | 65/66B | €201 | €707 | +€506 | +252.0% |
| Recurring financial charges | 65 | €201 | €707 | +€506 | +252.0% |
| Profit (loss) for the period before taxes | 9903 | €36,329 | €47,079 | +€10,750 | +29.6% |
| Income taxes | 67/77 | €9,247 | €10,664 | +€1,417 | +15.3% |
| Profit (loss) for the period | 9904 | €27,082 | €36,415 | +€9,333 | +34.5% |
| Profit (loss) for the period to be appropriated | 9905 | €27,082 | €36,415 | +€9,333 | +34.5% |
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 6 October 2026 via checked.be.