LOGAN VRIJENS: what changed
LOGAN VRIJENS
Largest movements
- Receivables within one year +€18,776
up €18,776 (+191%), from €9,819 to €28,596
of which Other amounts receivable: +€17,645
- Cash +€5,974
up €5,974 (+23.4%), from €25,572 to €31,546
mainly Net result for the year (+€18,177) and Tax, wage and social debts (+€4,780)
- Tangible fixed assets -€2,330
down €2,330 (-18.1%), from €12,892 to €10,562
of which Plant, machinery and equipment: -€2,364
- Profit (loss) carried forward +€18,177
up €18,177 (+68.4%), from €26,568 to €44,745
- Tax, wage and social debts +€4,780
up €4,780 (+27.7%), from €17,236 to €22,016
of which Taxes: +€6,323
- Gross operating margin -€8,040
down €8,040 (-17.8%), from €45,284 to €37,245
- Taxes -€2,163
down €2,163 (-30.8%), from €7,027 to €4,864
- Depreciation +€1,860
up €1,860 (+122%), from €1,519 to €3,379
- Other operating charges +€844
up €844 (+110%), from €770 to €1,614
- Financial income +€575
up €575 (+28,617%), from €2 to €577
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 | €48,283 | €70,775 | +€22,492 | +46.6% |
| Fixed assets | 21/28 | €12,892 | €10,562 | -€2,330 | -18.1% |
| Tangible fixed assets | 22/27 | €12,892 | €10,562 | -€2,330 | -18.1% |
| Plant, machinery and equipment | 23 | €11,200 | €8,836 | -€2,364 | -21.1% |
| Furniture and vehicles | 24 | €1,692 | €1,726 | +€34 | +2.0% |
| Current assets | 29/58 | €35,391 | €60,213 | +€24,822 | +70.1% |
| Amounts receivable within one year | 40/41 | €9,819 | €28,596 | +€18,776 | +191% |
| Trade receivables | 40 | €9,819 | €10,951 | +€1,131 | +11.5% |
| Other amounts receivable | 41 | - | €17,645 | +€17,645 | |
| Cash at bank and in hand | 54/58 | €25,572 | €31,546 | +€5,974 | +23.4% |
| Deferred charges and accrued income | 490/1 | - | €71 | +€71 | |
| Total equity and liabilities | 10/49 | €48,283 | €70,775 | +€22,492 | +46.6% |
| Equity | 10/15 | €29,568 | €47,745 | +€18,177 | +61.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,568 | €44,745 | +€18,177 | +68.4% |
| Amounts payable | 17/49 | €18,716 | €23,030 | +€4,315 | +23.1% |
| Amounts payable within one year | 42/48 | €18,716 | €23,030 | +€4,315 | +23.1% |
| Trade debts | 44 | €1,226 | €1,014 | -€212 | -17.3% |
| Suppliers | 440/4 | €1,226 | €1,014 | -€212 | -17.3% |
| Taxes, remuneration and social security | 45 | €17,236 | €22,016 | +€4,780 | +27.7% |
| Taxes | 450/3 | €15,693 | €22,016 | +€6,323 | +40.3% |
| Remuneration and social security | 454/9 | €1,544 | - | -€1,544 | |
| Other amounts payable | 47/48 | €253 | - | -€253 | |
| Remuneration, social security and pensions | 62 | €9,045 | €9,592 | +€547 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,519 | €3,379 | +€1,860 | +122% |
| Other operating charges | 640/8 | €770 | €1,614 | +€844 | +110% |
| Gross operating margin | 9900 | €45,284 | €37,245 | -€8,040 | -17.8% |
| Operating profit (loss) | 9901 | €33,950 | €22,660 | -€11,290 | -33.3% |
| Financial income | 75/76B | €2 | €577 | +€575 | +28,617% |
| Recurring financial income | 75 | €2 | €577 | +€575 | +28,617% |
| Financial charges | 65/66B | €358 | €196 | -€162 | -45.2% |
| Recurring financial charges | 65 | €358 | €196 | -€162 | -45.2% |
| Profit (loss) for the period before taxes | 9903 | €33,595 | €23,041 | -€10,554 | -31.4% |
| Income taxes | 67/77 | €7,027 | €4,864 | -€2,163 | -30.8% |
| Profit (loss) for the period | 9904 | €26,568 | €18,177 | -€8,391 | -31.6% |
| Profit (loss) for the period to be appropriated | 9905 | €26,568 | €18,177 | -€8,391 | -31.6% |
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 1 November 2026 via checked.be.