LOGCAT: 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.
LOGCAT
Largest movements
- Tangible fixed assets -€21,212
down €21,212 (-4.0%), from €525,091 to €503,879
- Reserves -€13,296
down €13,296 (-4.0%), from €331,304 to €318,008
of which Tax-exempt reserves: -€13,296
- Provisions -€6,847
down €6,847 (-4.2%), from €164,317 to €157,470
- Other operating charges +€946
up €946 (+31.3%), from €3,024 to €3,970
- Gross operating margin -€235
down €235 (-14.4%), from €1,635 to €1,400
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 | €525,642 | €503,919 | -€21,723 | -4.1% |
| Fixed assets | 21/28 | €525,091 | €503,879 | -€21,212 | -4.0% |
| Tangible fixed assets | 22/27 | €525,091 | €503,879 | -€21,212 | -4.0% |
| Land and buildings | 22 | €525,091 | €503,879 | -€21,212 | -4.0% |
| Current assets | 29/58 | €551 | €40 | -€511 | -92.7% |
| Cash at bank and in hand | 54/58 | €551 | €40 | -€511 | -92.7% |
| Total equity and liabilities | 10/49 | €525,642 | €503,919 | -€21,723 | -4.1% |
| Equity | 10/15 | €28,204 | €11,229 | -€16,974 | -60.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €331,304 | €318,008 | -€13,296 | -4.0% |
| Tax-exempt reserves | 132 | €319,110 | €305,814 | -€13,296 | -4.2% |
| Distributable reserves | 133 | €12,194 | €12,194 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€321,700 | -€325,378 | -€3,678 | -1.1% |
| Provisions and deferred taxes | 16 | €164,317 | €157,470 | -€6,847 | -4.2% |
| Deferred taxes | 168 | €164,317 | €157,470 | -€6,847 | -4.2% |
| Amounts payable | 17/49 | €333,122 | €335,219 | +€2,097 | +0.6% |
| Amounts payable after more than one year | 17 | €332,608 | €334,691 | +€2,083 | +0.6% |
| Financial debts | 170/4 | €332,608 | €334,691 | +€2,083 | +0.6% |
| Amounts payable within one year | 42/48 | €513 | €528 | +€14 | +2.8% |
| Trade debts | 44 | €513 | €528 | +€14 | +2.8% |
| Suppliers | 440/4 | €513 | €528 | +€14 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,212 | €21,212 | = | 0.0% |
| Other operating charges | 640/8 | €3,024 | €3,970 | +€946 | +31.3% |
| Gross operating margin | 9900 | €1,635 | €1,400 | -€235 | -14.4% |
| Operating profit (loss) | 9901 | -€22,601 | -€23,782 | -€1,181 | -5.2% |
| Financial charges | 65/66B | €24 | €39 | +€14 | +57.5% |
| Recurring financial charges | 65 | €24 | €39 | +€14 | +57.5% |
| Profit (loss) for the period before taxes | 9903 | -€22,625 | -€23,821 | -€1,195 | -5.3% |
| Transfer from deferred taxes | 780 | €6,847 | €6,847 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€15,779 | -€16,974 | -€1,195 | -7.6% |
| Transfer from tax-exempt reserves | 789 | €13,296 | €13,296 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,483 | -€3,678 | -€1,195 | -48.1% |
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 4 October 2026 via checked.be.