LoGeCa: 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.
LoGeCa
Largest movements
- Current investments +€45,848
up €45,848 (+45.6%), from €100,563 to €146,411
- Cash +€17,416
up €17,416 (+20.8%), from €83,823 to €101,239
mainly Net result for the year (+€47,993) and Depreciation (+€11,019)
- Tangible fixed assets -€11,019
down €11,019 (-24.1%), from €45,666 to €34,647
of which Furniture and vehicles: -€10,843
- Receivables within one year -€7,162
down €7,162 (-55.5%), from €12,904 to €5,742
of which Trade receivables: -€7,005
- Deferred charges and accrued income -€5,989
down €5,989 (-77.2%), from €7,756 to €1,767
- Reserves +€47,993
up €47,993 (+20.5%), from €233,648 to €281,642
of which Distributable reserves: +€47,993
- Tax, wage and social debts -€8,816
down €8,816 (-78.1%), from €11,287 to €2,471
- Gross operating margin -€57,847
down €57,847 (-41.8%), from €138,512 to €80,665
- Depreciation +€1,556
up €1,556 (+16.4%), from €9,463 to €11,019
- Taxes +€1,522
up €1,522 (+7.2%), from €21,287 to €22,809
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 | €250,712 | €289,806 | +€39,094 | +15.6% |
| Fixed assets | 21/28 | €45,666 | €34,647 | -€11,019 | -24.1% |
| Tangible fixed assets | 22/27 | €45,666 | €34,647 | -€11,019 | -24.1% |
| Plant, machinery and equipment | 23 | €539 | €364 | -€175 | -32.5% |
| Furniture and vehicles | 24 | €45,126 | €34,283 | -€10,843 | -24.0% |
| Current assets | 29/58 | €205,046 | €255,159 | +€50,113 | +24.4% |
| Amounts receivable within one year | 40/41 | €12,904 | €5,742 | -€7,162 | -55.5% |
| Trade receivables | 40 | €12,675 | €5,670 | -€7,005 | -55.3% |
| Other amounts receivable | 41 | €229 | €72 | -€157 | -68.4% |
| Current investments | 50/53 | €100,563 | €146,411 | +€45,848 | +45.6% |
| Cash at bank and in hand | 54/58 | €83,823 | €101,239 | +€17,416 | +20.8% |
| Deferred charges and accrued income | 490/1 | €7,756 | €1,767 | -€5,989 | -77.2% |
| Total equity and liabilities | 10/49 | €250,712 | €289,806 | +€39,094 | +15.6% |
| Equity | 10/15 | €238,648 | €286,642 | +€47,993 | +20.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €233,648 | €281,642 | +€47,993 | +20.5% |
| Tax-exempt reserves | 132 | €29,470 | €29,470 | = | 0.0% |
| Distributable reserves | 133 | €204,178 | €252,172 | +€47,993 | +23.5% |
| Amounts payable | 17/49 | €12,063 | €3,164 | -€8,899 | -73.8% |
| Amounts payable within one year | 42/48 | €12,063 | €3,164 | -€8,899 | -73.8% |
| Trade debts | 44 | €175 | - | -€175 | |
| Suppliers | 440/4 | €175 | - | -€175 | |
| Taxes, remuneration and social security | 45 | €11,287 | €2,471 | -€8,816 | -78.1% |
| Taxes | 450/3 | €11,287 | €2,471 | -€8,816 | -78.1% |
| Other amounts payable | 47/48 | €602 | €694 | +€92 | +15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,463 | €11,019 | +€1,556 | +16.4% |
| Other operating charges | 640/8 | €572 | €521 | -€51 | -8.9% |
| Non-recurring operating charges | 66A | €43,101 | - | -€43,101 | |
| Gross operating margin | 9900 | €138,512 | €80,665 | -€57,847 | -41.8% |
| Operating profit (loss) | 9901 | €85,377 | €69,125 | -€16,252 | -19.0% |
| Financial income | 75/76B | €588 | €1,720 | +€1,132 | +192.6% |
| Recurring financial income | 75 | €588 | €1,720 | +€1,132 | +192.6% |
| Non-recurring financial income | 76B | €588 | - | -€588 | |
| Financial charges | 65/66B | €67 | €43 | -€24 | -36.2% |
| Recurring financial charges | 65 | €42 | €43 | +€1 | +2.0% |
| Non-recurring financial charges | 66B | €25 | - | -€25 | |
| Profit (loss) for the period before taxes | 9903 | €85,897 | €70,802 | -€15,095 | -17.6% |
| Income taxes | 67/77 | €21,287 | €22,809 | +€1,522 | +7.2% |
| Profit (loss) for the period | 9904 | €64,611 | €47,993 | -€16,617 | -25.7% |
| Transfer to tax-exempt reserves | 689 | €29,470 | - | -€29,470 | |
| Profit (loss) for the period to be appropriated | 9905 | €35,141 | €47,993 | +€12,853 | +36.6% |
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 28 September 2026 via checked.be.