LOGAN INVEST: what changed
What changed
LOGAN INVEST
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
filed annual accounts (NBB)
Net result for the year
€7,637
2024 · €126,120-€118,483
Equity
€807,637
2024 · €800,000+€7,637
Cash
€28,396
2024 · €5,000+€23,396
Balance sheet total
€3.6m
2024 · €3.8m-€201,065
Largest movements
Assets
- Tangible fixed assets -€257,356
down €257,356 (-7.4%), from €3.5m to €3.2m
of which Land and buildings: -€254,589
Equity and liabilities
- Short-term financial debts +€600,000
new in 2025: €600,000
- Other debts -€567,055
down €567,055 (-36.6%), from €1.5m to €981,676
- Debts after one year -€171,562
down €171,562 (-17.2%), from €996,757 to €825,195
- Current portion of long-term debt -€38,976
down €38,976 (-19.1%), from €203,604 to €164,628
Income statement
- Gross operating margin -€190,709
down €190,709 (-49.1%), from €388,130 to €197,420
- Other operating charges -€35,510
down €35,510 (-60.2%), from €58,950 to €23,440
- Depreciation -€20,554
down €20,554 (-13.9%), from €148,011 to €127,457
- Financial income +€13,790
up €13,790 (+279%), from €4,945 to €18,736
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.
Result 2024
€126,120
Gross operating margin
-€190,709
Depreciation
+€20,554
Other operating charges
+€35,510
Financial income
+€13,790
Financial charges
+€2,560
Taxes
-€188
Result 2025
€7,637
raises the resultlowers the result
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.
From operations
-€495,964
Investment
+€129,899
Financing
+€389,462
Cash 2024
€5,000
From operations (derived)
-€495,964
Net result for the year
+€7,637
Depreciation
+€127,457
Receivables within one year
-€33,507
Deferred charges and accrued income
+€612
Trade debts
-€13,992
Tax, wage and social debts
-€4,340
Other debts
-€567,055
Accrued charges and deferred income
-€12,776
Investment (derived)
+€129,899
Investment in fixed assets (net)
+€129,899
Financing
+€389,462
Debts after one year
-€171,562
Current portion of long-term debt
-€38,976
Short-term financial debts
+€600,000
Cash 2025
€28,396
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,770,771 | €3,569,706 | -€201,065 | -5.3% |
| Fixed assets | 21/28 | €3,546,029 | €3,288,673 | -€257,356 | -7.3% |
| Tangible fixed assets | 22/27 | €3,471,029 | €3,213,673 | -€257,356 | -7.4% |
| Land and buildings | 22 | €3,463,740 | €3,209,151 | -€254,589 | -7.4% |
| Plant, machinery and equipment | 23 | €6,435 | €4,522 | -€1,913 | -29.7% |
| Other tangible fixed assets | 26 | €854 | €0 | -€854 | -100% |
| Financial fixed assets | 28 | €75,000 | €75,000 | = | 0.0% |
| Current assets | 29/58 | €224,742 | €281,033 | +€56,292 | +25.0% |
| Amounts receivable within one year | 40/41 | €218,801 | €252,309 | +€33,507 | +15.3% |
| Trade receivables | 40 | €8,761 | €5,778 | -€2,983 | -34.0% |
| Other amounts receivable | 41 | €210,040 | €246,531 | +€36,491 | +17.4% |
| Cash at bank and in hand | 54/58 | €5,000 | €28,396 | +€23,396 | +468% |
| Deferred charges and accrued income | 490/1 | €940 | €328 | -€612 | -65.1% |
| Total equity and liabilities | 10/49 | €3,770,771 | €3,569,706 | -€201,065 | -5.3% |
| Equity | 10/15 | €800,000 | €807,637 | +€7,637 | +1.0% |
| Contributions | 10/11 | €658,060 | €658,060 | = | 0.0% |
| Reserves | 13 | €141,940 | €149,577 | +€7,637 | +5.4% |
| Tax-exempt reserves | 132 | €825 | €825 | = | 0.0% |
| Distributable reserves | 133 | €141,114 | €148,752 | +€7,637 | +5.4% |
| Amounts payable | 17/49 | €2,970,771 | €2,762,069 | -€208,702 | -7.0% |
| Amounts payable after more than one year | 17 | €996,757 | €825,195 | -€171,562 | -17.2% |
| Financial debts | 170/4 | €996,757 | €825,195 | -€171,562 | -17.2% |
| Amounts payable within one year | 42/48 | €1,961,238 | €1,936,874 | -€24,363 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | €203,604 | €164,628 | -€38,976 | -19.1% |
| Financial debts | 43 | - | €600,000 | +€600,000 | |
| Credit institutions | 430/8 | - | €600,000 | +€600,000 | |
| Trade debts | 44 | €200,567 | €186,575 | -€13,992 | -7.0% |
| Suppliers | 440/4 | €200,567 | €186,575 | -€13,992 | -7.0% |
| Taxes, remuneration and social security | 45 | €8,336 | €3,996 | -€4,340 | -52.1% |
| Taxes | 450/3 | €8,336 | €3,996 | -€4,340 | -52.1% |
| Other amounts payable | 47/48 | €1,548,730 | €981,676 | -€567,055 | -36.6% |
| Accrued charges and deferred income | 492/3 | €12,776 | €0 | -€12,776 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €148,011 | €127,457 | -€20,554 | -13.9% |
| Other operating charges | 640/8 | €58,950 | €23,440 | -€35,510 | -60.2% |
| Gross operating margin | 9900 | €388,130 | €197,420 | -€190,709 | -49.1% |
| Operating profit (loss) | 9901 | €181,169 | €46,523 | -€134,646 | -74.3% |
| Financial income | 75/76B | €4,945 | €18,736 | +€13,790 | +279% |
| Recurring financial income | 75 | €4,945 | €18,736 | +€13,790 | +279% |
| Financial charges | 65/66B | €59,276 | €56,716 | -€2,560 | -4.3% |
| Recurring financial charges | 65 | €59,276 | €56,716 | -€2,560 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €126,838 | €8,543 | -€118,295 | -93.3% |
| Income taxes | 67/77 | €718 | €906 | +€188 | +26.1% |
| Profit (loss) for the period | 9904 | €126,120 | €7,637 | -€118,483 | -93.9% |
| Profit (loss) for the period to be appropriated | 9905 | €126,120 | €7,637 | -€118,483 | -93.9% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.