LOGEFI: 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.
LOGEFI
Largest movements
- Cash -€13,005
down €13,005 (-11.5%), from €113,501 to €100,496
mainly Net result for the year (-€19,736) and Receivables within one year (-€579)
- Tangible fixed assets -€7,062
down €7,062 (-12.8%), from €55,376 to €48,314
of which Land and buildings: -€4,195
- Profit (loss) carried forward -€19,736
down €19,736 (-13.3%), from €148,555 to €128,819
- Gross operating margin -€6,212
down €6,212 (-99.9%), from -€6,218 to -€12,430
- Depreciation -€1,434
down €1,434 (-16.4%), from €8,740 to €7,306
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 | €169,747 | €150,015 | -€19,732 | -11.6% |
| Formation expenses | 20 | €717 | €473 | -€244 | -34.0% |
| Fixed assets | 21/28 | €55,376 | €48,314 | -€7,062 | -12.8% |
| Tangible fixed assets | 22/27 | €55,376 | €48,314 | -€7,062 | -12.8% |
| Land and buildings | 22 | €49,375 | €45,180 | -€4,195 | -8.5% |
| Furniture and vehicles | 24 | €6,001 | €3,134 | -€2,867 | -47.8% |
| Current assets | 29/58 | €113,654 | €101,228 | -€12,426 | -10.9% |
| Amounts receivable within one year | 40/41 | €153 | €732 | +€579 | +378% |
| Trade receivables | 40 | - | €600 | +€600 | |
| Other amounts receivable | 41 | €153 | €132 | -€21 | -13.7% |
| Cash at bank and in hand | 54/58 | €113,501 | €100,496 | -€13,005 | -11.5% |
| Total equity and liabilities | 10/49 | €169,747 | €150,015 | -€19,732 | -11.6% |
| Equity | 10/15 | €169,390 | €149,654 | -€19,736 | -11.7% |
| Contributions | 10/11 | €18,344 | €18,344 | = | 0.0% |
| Reserves | 13 | €2,491 | €2,491 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,491 | €2,491 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,491 | €2,491 | = | 0.0% |
| Profit (loss) carried forward | 14 | €148,555 | €128,819 | -€19,736 | -13.3% |
| Amounts payable | 17/49 | €357 | €361 | +€4 | +1.1% |
| Amounts payable within one year | 42/48 | €357 | €361 | +€4 | +1.1% |
| Trade debts | 44 | €357 | €361 | +€4 | +1.1% |
| Suppliers | 440/4 | €357 | €361 | +€4 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,740 | €7,306 | -€1,434 | -16.4% |
| Gross operating margin | 9900 | -€6,218 | -€12,430 | -€6,212 | -99.9% |
| Operating profit (loss) | 9901 | -€14,958 | -€19,736 | -€4,778 | -31.9% |
| Profit (loss) for the period before taxes | 9903 | -€14,958 | -€19,736 | -€4,778 | -31.9% |
| Profit (loss) for the period | 9904 | -€14,958 | -€19,736 | -€4,778 | -31.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,958 | -€19,736 | -€4,778 | -31.9% |
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 18 October 2026 via checked.be.