LOGE 13: 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.
LOGE 13
Largest movements
- Tangible fixed assets -€38,257
down €38,257 (-5.1%), from €752,580 to €714,323
of which Land and buildings: -€30,183
- Receivables after one year -€22,999
down €22,999 (-28.0%), from €82,070 to €59,071
- Debts after one year -€32,956
down €32,956 (-12.7%), from €260,512 to €227,556
- Current portion of long-term debt -€22,631
down €22,631 (-40.7%), from €55,587 to €32,956
- Financial charges -€4,683
down €4,683 (-33.0%), from €14,188 to €9,505
of which Non-recurring financial charges: -€4,650
- Gross operating margin -€3,266
down €3,266 (-4.6%), from €70,884 to €67,618
- Depreciation -€2,408
down €2,408 (-5.9%), from €40,665 to €38,257
- Financial income +€1,119
up €1,119 (+73.4%), from €1,525 to €2,644
- Other operating charges +€1,002
up €1,002 (+9.9%), from €10,080 to €11,082
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 | €1,076,124 | €1,021,089 | -€55,035 | -5.1% |
| Fixed assets | 21/28 | €762,600 | €724,343 | -€38,257 | -5.0% |
| Tangible fixed assets | 22/27 | €752,580 | €714,323 | -€38,257 | -5.1% |
| Land and buildings | 22 | €710,066 | €679,883 | -€30,183 | -4.3% |
| Furniture and vehicles | 24 | €42,514 | €34,440 | -€8,074 | -19.0% |
| Financial fixed assets | 28 | €10,020 | €10,020 | = | 0.0% |
| Current assets | 29/58 | €313,524 | €296,746 | -€16,778 | -5.4% |
| Amounts receivable after more than one year | 29 | €82,070 | €59,071 | -€22,999 | -28.0% |
| Other amounts receivable | 291 | €82,070 | €59,071 | -€22,999 | -28.0% |
| Amounts receivable within one year | 40/41 | €223,997 | €231,317 | +€7,319 | +3.3% |
| Trade receivables | 40 | €998 | €0 | -€998 | -100% |
| Other amounts receivable | 41 | €223,000 | €231,317 | +€8,317 | +3.7% |
| Cash at bank and in hand | 54/58 | €3,263 | €1,771 | -€1,492 | -45.7% |
| Deferred charges and accrued income | 490/1 | €4,193 | €4,587 | +€394 | +9.4% |
| Total equity and liabilities | 10/49 | €1,076,124 | €1,021,089 | -€55,035 | -5.1% |
| Equity | 10/15 | €653,831 | €657,839 | +€4,008 | +0.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €647,631 | €651,639 | +€4,008 | +0.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €647,631 | €651,639 | +€4,008 | +0.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €422,293 | €363,250 | -€59,044 | -14.0% |
| Amounts payable after more than one year | 17 | €260,512 | €227,556 | -€32,956 | -12.7% |
| Financial debts | 170/4 | €260,512 | €227,556 | -€32,956 | -12.7% |
| Amounts payable within one year | 42/48 | €156,971 | €133,488 | -€23,483 | -15.0% |
| Current portion of amounts payable after more than one year | 42 | €55,587 | €32,956 | -€22,631 | -40.7% |
| Financial debts | 43 | €9,895 | €7,256 | -€2,640 | -26.7% |
| Credit institutions | 430/8 | €9,895 | €7,256 | -€2,640 | -26.7% |
| Trade debts | 44 | €18,495 | €27,008 | +€8,513 | +46.0% |
| Suppliers | 440/4 | €18,495 | €27,008 | +€8,513 | +46.0% |
| Taxes, remuneration and social security | 45 | €4,614 | €2,543 | -€2,071 | -44.9% |
| Taxes | 450/3 | €4,614 | €2,543 | -€2,071 | -44.9% |
| Other amounts payable | 47/48 | €68,380 | €63,726 | -€4,654 | -6.8% |
| Accrued charges and deferred income | 492/3 | €4,810 | €2,205 | -€2,605 | -54.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,665 | €38,257 | -€2,408 | -5.9% |
| Other operating charges | 640/8 | €10,080 | €11,082 | +€1,002 | +9.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €70,884 | €67,618 | -€3,266 | -4.6% |
| Operating profit (loss) | 9901 | €20,139 | €18,279 | -€1,861 | -9.2% |
| Financial income | 75/76B | €1,525 | €2,644 | +€1,119 | +73.4% |
| Recurring financial income | 75 | €1,525 | €2,644 | +€1,119 | +73.4% |
| Financial charges | 65/66B | €14,188 | €9,505 | -€4,683 | -33.0% |
| Recurring financial charges | 65 | €9,538 | €9,505 | -€33 | -0.4% |
| Non-recurring financial charges | 66B | €4,650 | €0 | -€4,650 | -100% |
| Profit (loss) for the period before taxes | 9903 | €7,476 | €11,418 | +€3,942 | +52.7% |
| Income taxes | 67/77 | €7,163 | €7,410 | +€247 | +3.5% |
| Profit (loss) for the period | 9904 | €313 | €4,008 | +€3,695 | +1,180% |
| Profit (loss) for the period to be appropriated | 9905 | €313 | €4,008 | +€3,695 | +1,180% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.