Logboek: 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.
Logboek
Largest movements
- Tangible fixed assets -€76,985
down €76,985 (-6.8%), from €1.1m to €1.1m
of which Land and buildings: -€76,587
- Cash +€18,487
up €18,487 (+60.3%), from €30,679 to €49,166
mainly Depreciation (+€76,985) and Current portion of long-term debt (+€51,072)
- Debts after one year -€124,750
down €124,750 (-13.7%), from €912,444 to €787,694
- Current portion of long-term debt +€51,072
up €51,072 (+80.2%), from €63,678 to €114,750
- Gross operating margin +€8,160
up €8,160 (+8.4%), from €97,579 to €105,739
- Other operating charges +€2,109
up €2,109 (+154.6%), from €1,364 to €3,474
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 | €1,164,633 | €1,117,337 | -€47,296 | -4.1% |
| Fixed assets | 21/28 | €1,130,064 | €1,053,079 | -€76,985 | -6.8% |
| Tangible fixed assets | 22/27 | €1,130,064 | €1,053,079 | -€76,985 | -6.8% |
| Land and buildings | 22 | €1,129,085 | €1,052,498 | -€76,587 | -6.8% |
| Plant, machinery and equipment | 23 | €359 | €160 | -€198 | -55.3% |
| Furniture and vehicles | 24 | €620 | €420 | -€200 | -32.2% |
| Current assets | 29/58 | €34,569 | €64,258 | +€29,690 | +85.9% |
| Amounts receivable within one year | 40/41 | - | €11,074 | +€11,074 | |
| Trade receivables | 40 | - | €7,304 | +€7,304 | |
| Other amounts receivable | 41 | - | €3,770 | +€3,770 | |
| Cash at bank and in hand | 54/58 | €30,679 | €49,166 | +€18,487 | +60.3% |
| Deferred charges and accrued income | 490/1 | €3,890 | €4,018 | +€128 | +3.3% |
| Total equity and liabilities | 10/49 | €1,164,633 | €1,117,337 | -€47,296 | -4.1% |
| Equity | 10/15 | €164,331 | €173,056 | +€8,724 | +5.3% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €14,331 | €23,056 | +€8,724 | +60.9% |
| Distributable reserves | 133 | €14,331 | €23,056 | +€8,724 | +60.9% |
| Amounts payable | 17/49 | €1,000,302 | €944,282 | -€56,020 | -5.6% |
| Amounts payable after more than one year | 17 | €912,444 | €787,694 | -€124,750 | -13.7% |
| Financial debts | 170/4 | €912,444 | €787,694 | -€124,750 | -13.7% |
| Amounts payable within one year | 42/48 | €84,897 | €149,760 | +€64,863 | +76.4% |
| Current portion of amounts payable after more than one year | 42 | €63,678 | €114,750 | +€51,072 | +80.2% |
| Trade debts | 44 | €308 | €3,069 | +€2,760 | +895.3% |
| Suppliers | 440/4 | €308 | €3,069 | +€2,760 | +895.3% |
| Advances received on contracts in progress | 46 | €8,066 | €9,809 | +€1,743 | +21.6% |
| Taxes, remuneration and social security | 45 | €11,877 | €16,163 | +€4,285 | +36.1% |
| Taxes | 450/3 | €11,856 | €16,163 | +€4,307 | +36.3% |
| Remuneration and social security | 454/9 | €22 | - | -€22 | |
| Other amounts payable | 47/48 | €968 | €5,970 | +€5,002 | +517.0% |
| Accrued charges and deferred income | 492/3 | €2,961 | €6,828 | +€3,867 | +130.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,666 | €76,985 | +€319 | +0.4% |
| Other operating charges | 640/8 | €1,364 | €3,474 | +€2,109 | +154.6% |
| Gross operating margin | 9900 | €97,579 | €105,739 | +€8,160 | +8.4% |
| Operating profit (loss) | 9901 | €19,549 | €25,280 | +€5,731 | +29.3% |
| Financial charges | 65/66B | €16,745 | €16,556 | -€189 | -1.1% |
| Recurring financial charges | 65 | €16,745 | €16,556 | -€189 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €2,804 | €8,724 | +€5,920 | +211.1% |
| Profit (loss) for the period | 9904 | €2,804 | €8,724 | +€5,920 | +211.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,804 | €8,724 | +€5,920 | +211.1% |
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.