LOGEL: 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.
LOGEL
Largest movements
- Tangible fixed assets -€13,394
down €13,394 (-85.9%), from €15,589 to €2,195
of which Leasing and similar rights: -€11,995
- Receivables within one year +€10,399
up €10,399 (+83.3%), from €12,491 to €22,890
of which Trade receivables: +€12,000
- Deferred charges and accrued income -€1,365
down €1,365 (-25.2%), from €5,421 to €4,056
- Cash -€1,362
down €1,362 (-2.5%), from €55,485 to €54,123
mainly Other debts (-€15,150) and Receivables within one year (-€10,399)
- Reserves +€16,334
up €16,334 (+35.7%), from €45,704 to €62,038
- Other debts -€15,150
down €15,150 (-64.3%), from €23,563 to €8,413
- Current portion of long-term debt -€6,863
down €6,863 (-100%), from €6,863 to €0
- Depreciation -€6,493
down €6,493 (-82.3%), from €7,892 to €1,399
- Gross operating margin +€3,326
up €3,326 (+14.1%), from €23,607 to €26,933
- Taxes +€1,789
up €1,789 (+33.1%), from €5,399 to €7,188
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 | €88,987 | €83,265 | -€5,722 | -6.4% |
| Fixed assets | 21/28 | €15,589 | €2,195 | -€13,394 | -85.9% |
| Tangible fixed assets | 22/27 | €15,589 | €2,195 | -€13,394 | -85.9% |
| Plant, machinery and equipment | 23 | €438 | €138 | -€300 | -68.5% |
| Furniture and vehicles | 24 | €2,735 | €2,057 | -€678 | -24.8% |
| Leasing and similar rights | 25 | €11,995 | €0 | -€11,995 | -100% |
| Other tangible fixed assets | 26 | €421 | €0 | -€421 | -100% |
| Current assets | 29/58 | €73,397 | €81,069 | +€7,672 | +10.5% |
| Amounts receivable within one year | 40/41 | €12,491 | €22,890 | +€10,399 | +83.3% |
| Trade receivables | 40 | €10,890 | €22,890 | +€12,000 | +110% |
| Other amounts receivable | 41 | €1,601 | €0 | -€1,601 | -100% |
| Cash at bank and in hand | 54/58 | €55,485 | €54,123 | -€1,362 | -2.5% |
| Deferred charges and accrued income | 490/1 | €5,421 | €4,056 | -€1,365 | -25.2% |
| Total equity and liabilities | 10/49 | €88,987 | €83,265 | -€5,722 | -6.4% |
| Equity | 10/15 | €51,904 | €68,238 | +€16,334 | +31.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €45,704 | €62,038 | +€16,334 | +35.7% |
| Distributable reserves | 133 | €45,704 | €62,038 | +€16,334 | +35.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €37,083 | €15,026 | -€22,056 | -59.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €37,083 | €15,026 | -€22,056 | -59.5% |
| Current portion of amounts payable after more than one year | 42 | €6,863 | €0 | -€6,863 | -100% |
| Trade debts | 44 | €579 | €349 | -€230 | -39.7% |
| Suppliers | 440/4 | €579 | €349 | -€230 | -39.7% |
| Taxes, remuneration and social security | 45 | €6,077 | €6,264 | +€186 | +3.1% |
| Taxes | 450/3 | €6,077 | €6,264 | +€186 | +3.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €23,563 | €8,413 | -€15,150 | -64.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,892 | €1,399 | -€6,493 | -82.3% |
| Other operating charges | 640/8 | €1,968 | €1,789 | -€179 | -9.1% |
| Gross operating margin | 9900 | €23,607 | €26,933 | +€3,326 | +14.1% |
| Operating profit (loss) | 9901 | €13,747 | €23,745 | +€9,998 | +72.7% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €178 | €222 | +€44 | +24.6% |
| Recurring financial charges | 65 | €178 | €222 | +€44 | +24.6% |
| Profit (loss) for the period before taxes | 9903 | €13,569 | €23,523 | +€9,954 | +73.4% |
| Income taxes | 67/77 | €5,399 | €7,188 | +€1,789 | +33.1% |
| Profit (loss) for the period | 9904 | €8,170 | €16,334 | +€8,164 | +99.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,170 | €16,334 | +€8,164 | +99.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.