LOGAWI: 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.
LOGAWI
Largest movements
- Receivables within one year -€105,598
down €105,598 (-76.7%), from €137,725 to €32,127
- Cash -€37,511
down €37,511 (-82.8%), from €45,311 to €7,800
mainly Other debts (-€176,035) and Tax, wage and social debts (-€36,301)
- Tangible fixed assets +€11,754
up €11,754 (+22.2%), from €52,935 to €64,689
of which Plant, machinery and equipment: +€23,154
- Other debts -€176,035
no longer reported in 2025 (was €176,035)
- Profit (loss) carried forward +€63,689
new in 2025: €63,689
- Tax, wage and social debts -€36,301
down €36,301 (-96.6%), from €37,595 to €1,295
- Debts after one year +€14,284
up €14,284 (+105%), from €13,643 to €27,927
- Gross operating margin +€8,566
up €8,566 (+9.5%), from €90,409 to €98,975
- Depreciation +€2,708
up €2,708 (+15.7%), from €17,231 to €19,939
- Other operating charges +€1,216
new in 2025: €1,216
- Financial charges +€1,115
up €1,115 (+58.4%), from €1,908 to €3,024
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 | €243,769 | €111,165 | -€132,603 | -54.4% |
| Fixed assets | 21/28 | €52,935 | €64,689 | +€11,754 | +22.2% |
| Tangible fixed assets | 22/27 | €52,935 | €64,689 | +€11,754 | +22.2% |
| Plant, machinery and equipment | 23 | €20,406 | €43,560 | +€23,154 | +113% |
| Furniture and vehicles | 24 | €21,063 | €12,190 | -€8,873 | -42.1% |
| Leasing and similar rights | 25 | €11,466 | €8,939 | -€2,527 | -22.0% |
| Current assets | 29/58 | €190,834 | €46,476 | -€144,357 | -75.6% |
| Amounts receivable within one year | 40/41 | €137,725 | €32,127 | -€105,598 | -76.7% |
| Other amounts receivable | 41 | €137,725 | €32,127 | -€105,598 | -76.7% |
| Cash at bank and in hand | 54/58 | €45,311 | €7,800 | -€37,511 | -82.8% |
| Deferred charges and accrued income | 490/1 | €7,798 | €6,549 | -€1,248 | -16.0% |
| Total equity and liabilities | 10/49 | €243,769 | €111,165 | -€132,603 | -54.4% |
| Equity | 10/15 | €4,000 | €67,689 | +€63,689 | +1,592% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €63,689 | +€63,689 | |
| Amounts payable | 17/49 | €239,769 | €43,477 | -€196,292 | -81.9% |
| Amounts payable after more than one year | 17 | €13,643 | €27,927 | +€14,284 | +105% |
| Financial debts | 170/4 | €13,643 | €27,927 | +€14,284 | +105% |
| Amounts payable within one year | 42/48 | €226,126 | €15,550 | -€210,576 | -93.1% |
| Current portion of amounts payable after more than one year | 42 | €12,146 | €14,129 | +€1,982 | +16.3% |
| Trade debts | 44 | €349 | €127 | -€223 | -63.7% |
| Suppliers | 440/4 | €349 | €127 | -€223 | -63.7% |
| Taxes, remuneration and social security | 45 | €37,595 | €1,295 | -€36,301 | -96.6% |
| Taxes | 450/3 | €37,595 | €1,295 | -€36,301 | -96.6% |
| Other amounts payable | 47/48 | €176,035 | - | -€176,035 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,231 | €19,939 | +€2,708 | +15.7% |
| Other operating charges | 640/8 | - | €1,216 | +€1,216 | |
| Gross operating margin | 9900 | €90,409 | €98,975 | +€8,566 | +9.5% |
| Operating profit (loss) | 9901 | €73,178 | €77,820 | +€4,642 | +6.3% |
| Financial income | 75/76B | €6,168 | €5,681 | -€487 | -7.9% |
| Recurring financial income | 75 | €6,168 | €5,681 | -€487 | -7.9% |
| Financial charges | 65/66B | €1,908 | €3,024 | +€1,115 | +58.4% |
| Recurring financial charges | 65 | €1,908 | €3,024 | +€1,115 | +58.4% |
| Profit (loss) for the period before taxes | 9903 | €77,438 | €80,478 | +€3,040 | +3.9% |
| Income taxes | 67/77 | €17,020 | €16,789 | -€231 | -1.4% |
| Profit (loss) for the period | 9904 | €60,418 | €63,689 | +€3,271 | +5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €60,418 | €63,689 | +€3,271 | +5.4% |
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 13 October 2026 via checked.be.