LOGARITHM-INVEST: what changed
Two financial 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.
LOGARITHM-INVEST
Largest movements
- Stocks and contracts -€276,851
down €276,851 (-100%), from €276,851 to €0
- Tangible fixed assets -€183,107
down €183,107 (-100%), from €183,107 to €0
of which Land and buildings: -€175,000
- Cash +€153,796
up €153,796 (+1,103%), from €13,946 to €167,742
mainly Stocks and contracts (+€276,851) and Investment in fixed assets (net) (+€183,107)
- Receivables within one year +€88,010
up €88,010 (+608%), from €14,471 to €102,482
of which Other amounts receivable: +€87,899
- Other debts -€150,500
down €150,500 (-98.9%), from €152,113 to €1,613
- Profit (loss) carried forward -€40,897
down €40,897 (-34.2%), from -€119,639 to -€160,536
- Debts after one year -€24,433
down €24,433 (-100%), from €24,433 to €0
- Current portion of long-term debt -€14,057
down €14,057 (-100%), from €14,057 to €0
- Trade debts +€11,260
up €11,260 (+291%), from €3,870 to €15,130
- Other operating charges +€42,736
up €42,736 (+2,034%), from €2,101 to €44,837
- Gross operating margin -€11,155
down €11,155 (-65.1%), from €17,135 to €5,980
- Financial charges -€4,966
down €4,966 (-70.1%), from €7,080 to €2,114
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.
Derived cash bridge
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 | €488,833 | €270,230 | -€218,603 | -44.7% |
| Fixed assets | 21/28 | €183,107 | €0 | -€183,107 | -100% |
| Tangible fixed assets | 22/27 | €183,107 | €0 | -€183,107 | -100% |
| Land and buildings | 22 | €175,000 | €0 | -€175,000 | -100% |
| Assets under construction and advance payments | 27 | €8,107 | €0 | -€8,107 | -100% |
| Current assets | 29/58 | €305,726 | €270,230 | -€35,496 | -11.6% |
| Stocks and contracts in progress | 3 | €276,851 | €0 | -€276,851 | -100% |
| Stocks | 30/36 | €276,851 | €0 | -€276,851 | -100% |
| Amounts receivable within one year | 40/41 | €14,471 | €102,482 | +€88,010 | +608% |
| Trade receivables | 40 | €0 | €111 | +€111 | |
| Other amounts receivable | 41 | €14,471 | €102,370 | +€87,899 | +607% |
| Cash at bank and in hand | 54/58 | €13,946 | €167,742 | +€153,796 | +1,103% |
| Deferred charges and accrued income | 490/1 | €458 | €6 | -€452 | -98.6% |
| Total equity and liabilities | 10/49 | €488,833 | €270,230 | -€218,603 | -44.7% |
| Equity | 10/15 | €294,361 | €253,464 | -€40,897 | -13.9% |
| Contributions | 10/11 | €414,000 | €414,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€119,639 | -€160,536 | -€40,897 | -34.2% |
| Amounts payable | 17/49 | €194,472 | €16,766 | -€177,706 | -91.4% |
| Amounts payable after more than one year | 17 | €24,433 | €0 | -€24,433 | -100% |
| Financial debts | 170/4 | €24,433 | €0 | -€24,433 | -100% |
| Amounts payable within one year | 42/48 | €170,039 | €16,742 | -€153,297 | -90.2% |
| Current portion of amounts payable after more than one year | 42 | €14,057 | €0 | -€14,057 | -100% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €3,870 | €15,130 | +€11,260 | +291% |
| Suppliers | 440/4 | €3,870 | €15,130 | +€11,260 | +291% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €152,113 | €1,613 | -€150,500 | -98.9% |
| Accrued charges and deferred income | 492/3 | - | €24 | +€24 | |
| Other operating charges | 640/8 | €2,101 | €44,837 | +€42,736 | +2,034% |
| Gross operating margin | 9900 | €17,135 | €5,980 | -€11,155 | -65.1% |
| Operating profit (loss) | 9901 | €15,034 | -€38,857 | -€53,891 | |
| Financial income | 75/76B | €68 | €74 | +€6 | +8.6% |
| Recurring financial income | 75 | €68 | €74 | +€6 | +8.6% |
| Financial charges | 65/66B | €7,080 | €2,114 | -€4,966 | -70.1% |
| Recurring financial charges | 65 | €7,080 | €2,114 | -€4,966 | -70.1% |
| Profit (loss) for the period before taxes | 9903 | €8,022 | -€40,897 | -€48,919 | |
| Profit (loss) for the period | 9904 | €8,022 | -€40,897 | -€48,919 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,022 | -€40,897 | -€48,919 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.