LOGEMA: 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.
LOGEMA
Largest movements
- Receivables within one year +€476,171
up €476,171 (+12847.3%), from €3,706 to €479,878
- Financial fixed assets -€446,019
down €446,019 (-74.2%), from €600,984 to €154,965
- Cash -€30,989
down €30,989 (-44.3%), from €69,902 to €38,913
mainly Receivables within one year (-€476,171) and Contributions, distributions and other (-€341,327)
- Tangible fixed assets -€22,200
down €22,200 (-2.4%), from €921,706 to €899,505
- Other debts +€342,516
up €342,516 (+328.9%), from €104,130 to €446,646
- Contributions -€341,327
down €341,327 (-84.7%), from €402,850 to €61,523
- Profit (loss) carried forward +€34,133
new in 2025: €34,133
- Provisions -€31,516
down €31,516 (-7.9%), from €396,959 to €365,444
of which Provisions for liabilities and charges: -€25,205
- Reserves -€23,025
down €23,025 (-3.5%), from €664,601 to €641,576
of which Non-distributable reserves: -€34,133
- Gross operating margin -€17,823
down €17,823 (-24.6%), from €72,375 to €54,552
- Financial charges -€12,429
down €12,429 (-21.9%), from €56,780 to €44,351
- Financial income +€4,705
up €4,705 (+17.9%), from €26,290 to €30,996
of which Financial income: +€6,354
- Provisions -€1,282
down €1,282 (-5.4%), from -€23,923 to -€25,205
- Depreciation +€1,214
up €1,214 (+2.9%), from €41,936 to €43,150
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 | €1,599,121 | €1,575,630 | -€23,490 | -1.5% |
| Fixed assets | 21/28 | €1,522,689 | €1,054,470 | -€468,219 | -30.7% |
| Tangible fixed assets | 22/27 | €921,706 | €899,505 | -€22,200 | -2.4% |
| Land and buildings | 22 | €921,706 | €899,505 | -€22,200 | -2.4% |
| Financial fixed assets | 28 | €600,984 | €154,965 | -€446,019 | -74.2% |
| Current assets | 29/58 | €76,432 | €521,160 | +€444,729 | +581.9% |
| Amounts receivable within one year | 40/41 | €3,706 | €479,878 | +€476,171 | +12847.3% |
| Other amounts receivable | 41 | €3,706 | €479,878 | +€476,171 | +12847.3% |
| Cash at bank and in hand | 54/58 | €69,902 | €38,913 | -€30,989 | -44.3% |
| Deferred charges and accrued income | 490/1 | €2,823 | €2,370 | -€453 | -16.1% |
| Total equity and liabilities | 10/49 | €1,599,121 | €1,575,630 | -€23,490 | -1.5% |
| Equity | 10/15 | €1,067,451 | €737,232 | -€330,219 | -30.9% |
| Contributions | 10/11 | €402,850 | €61,523 | -€341,327 | -84.7% |
| Capital | 10 | €402,850 | €61,523 | -€341,327 | -84.7% |
| Issued capital | 100 | €402,850 | €61,523 | -€341,327 | -84.7% |
| Reserves | 13 | €664,601 | €641,576 | -€23,025 | -3.5% |
| Non-distributable reserves | 130/1 | €40,285 | €6,152 | -€34,133 | -84.7% |
| Legal reserve | 130 | €40,285 | €6,152 | -€34,133 | -84.7% |
| Tax-exempt reserves | 132 | €402,693 | €383,761 | -€18,932 | -4.7% |
| Distributable reserves | 133 | €221,623 | €251,663 | +€30,040 | +13.6% |
| Profit (loss) carried forward | 14 | - | €34,133 | +€34,133 | |
| Provisions and deferred taxes | 16 | €396,959 | €365,444 | -€31,516 | -7.9% |
| Provisions for liabilities and charges | 160/5 | €262,728 | €237,523 | -€25,205 | -9.6% |
| Other liabilities and charges | 164/5 | €262,728 | €237,523 | -€25,205 | -9.6% |
| Deferred taxes | 168 | €134,231 | €127,920 | -€6,311 | -4.7% |
| Amounts payable | 17/49 | €134,711 | €472,955 | +€338,244 | +251.1% |
| Amounts payable within one year | 42/48 | €120,380 | €457,765 | +€337,385 | +280.3% |
| Trade debts | 44 | €13 | €4,133 | +€4,120 | +31960.2% |
| Suppliers | 440/4 | €13 | €4,133 | +€4,120 | +31960.2% |
| Taxes, remuneration and social security | 45 | €16,237 | €6,986 | -€9,250 | -57.0% |
| Taxes | 450/3 | €16,237 | €6,986 | -€9,250 | -57.0% |
| Other amounts payable | 47/48 | €104,130 | €446,646 | +€342,516 | +328.9% |
| Accrued charges and deferred income | 492/3 | €14,331 | €15,190 | +€859 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,936 | €43,150 | +€1,214 | +2.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€23,923 | -€25,205 | -€1,282 | -5.4% |
| Other operating charges | 640/8 | €10,783 | €11,812 | +€1,029 | +9.5% |
| Gross operating margin | 9900 | €72,375 | €54,552 | -€17,823 | -24.6% |
| Operating profit (loss) | 9901 | €43,579 | €24,794 | -€18,785 | -43.1% |
| Financial income | 75/76B | €26,290 | €30,996 | +€4,705 | +17.9% |
| Recurring financial income | 75 | €174 | €6,527 | +€6,354 | +3660.5% |
| Non-recurring financial income | 76B | €26,117 | €24,468 | -€1,649 | -6.3% |
| Financial charges | 65/66B | €56,780 | €44,351 | -€12,429 | -21.9% |
| Recurring financial charges | 65 | €56,780 | €44,351 | -€12,429 | -21.9% |
| Profit (loss) for the period before taxes | 9903 | €13,089 | €11,439 | -€1,650 | -12.6% |
| Transfer from deferred taxes | 780 | €6,311 | €6,311 | = | 0.0% |
| Income taxes | 67/77 | €6,346 | €6,641 | +€296 | +4.7% |
| Profit (loss) for the period | 9904 | €13,054 | €11,108 | -€1,946 | -14.9% |
| Transfer from tax-exempt reserves | 789 | €18,932 | €18,932 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,986 | €30,040 | -€1,946 | -6.1% |
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 28 September 2026 via checked.be.