LOGERO: 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.
LOGERO
Largest movements
- Cash +€67,287
up €67,287 (+44.5%), from €151,306 to €218,593
mainly Net result for the year (+€95,948) and Depreciation (+€44,352)
- Tangible fixed assets -€44,352
down €44,352 (-1.2%), from €3.7m to €3.7m
of which Land and buildings: -€38,663
- Profit (loss) carried forward +€95,948
up €95,948 (+25.9%), from -€370,214 to -€274,266
- Gross operating margin +€9,667
up €9,667 (+4.9%), from €197,643 to €207,310
- Financial charges -€5,778
down €5,778 (-11.9%), from €48,489 to €42,711
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 | €3,947,576 | €3,971,774 | +€24,197 | +0.6% |
| Fixed assets | 21/28 | €3,729,241 | €3,684,889 | -€44,352 | -1.2% |
| Tangible fixed assets | 22/27 | €3,729,241 | €3,684,889 | -€44,352 | -1.2% |
| Land and buildings | 22 | €3,681,146 | €3,642,483 | -€38,663 | -1.1% |
| Plant, machinery and equipment | 23 | €48,095 | €42,406 | -€5,689 | -11.8% |
| Current assets | 29/58 | €218,335 | €286,884 | +€68,549 | +31.4% |
| Amounts receivable within one year | 40/41 | €62,096 | €63,292 | +€1,196 | +1.9% |
| Trade receivables | 40 | €11,575 | €12,935 | +€1,361 | +11.8% |
| Other amounts receivable | 41 | €50,522 | €50,357 | -€164 | -0.3% |
| Cash at bank and in hand | 54/58 | €151,306 | €218,593 | +€67,287 | +44.5% |
| Deferred charges and accrued income | 490/1 | €4,933 | €4,999 | +€66 | +1.3% |
| Total equity and liabilities | 10/49 | €3,947,576 | €3,971,774 | +€24,197 | +0.6% |
| Equity | 10/15 | €3,040,841 | €3,136,789 | +€95,948 | +3.2% |
| Contributions | 10/11 | €35,617 | €35,617 | = | 0.0% |
| Revaluation surpluses | 12 | €2,686,077 | €2,686,077 | = | 0.0% |
| Reserves | 13 | €689,361 | €689,361 | = | 0.0% |
| Tax-exempt reserves | 132 | €577 | €577 | = | 0.0% |
| Distributable reserves | 133 | €688,784 | €688,784 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€370,214 | -€274,266 | +€95,948 | +25.9% |
| Amounts payable | 17/49 | €906,735 | €834,985 | -€71,750 | -7.9% |
| Amounts payable after more than one year | 17 | €433,833 | €400,500 | -€33,333 | -7.7% |
| Financial debts | 170/4 | €408,333 | €375,000 | -€33,333 | -8.2% |
| Other amounts payable | 178/9 | €25,500 | €25,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €472,902 | €434,485 | -€38,417 | -8.1% |
| Current portion of amounts payable after more than one year | 42 | €33,333 | €33,333 | = | 0.0% |
| Trade debts | 44 | €1,401 | €2,432 | +€1,030 | +73.5% |
| Suppliers | 440/4 | €1,401 | €2,432 | +€1,030 | +73.5% |
| Taxes, remuneration and social security | 45 | €13,405 | €13,273 | -€132 | -1.0% |
| Taxes | 450/3 | €13,405 | €13,273 | -€132 | -1.0% |
| Other amounts payable | 47/48 | €424,763 | €385,447 | -€39,315 | -9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,161 | €44,352 | +€191 | +0.4% |
| Other operating charges | 640/8 | €24,168 | €24,575 | +€407 | +1.7% |
| Gross operating margin | 9900 | €197,643 | €207,310 | +€9,667 | +4.9% |
| Operating profit (loss) | 9901 | €129,314 | €138,383 | +€9,069 | +7.0% |
| Financial income | 75/76B | €137 | €479 | +€341 | +248.4% |
| Recurring financial income | 75 | €137 | €479 | +€341 | +248.4% |
| Financial charges | 65/66B | €48,489 | €42,711 | -€5,778 | -11.9% |
| Recurring financial charges | 65 | €48,489 | €42,711 | -€5,778 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €80,962 | €96,151 | +€15,189 | +18.8% |
| Income taxes | 67/77 | €193 | €203 | +€10 | +5.2% |
| Profit (loss) for the period | 9904 | €80,769 | €95,948 | +€15,179 | +18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €80,769 | €95,948 | +€15,179 | +18.8% |
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 2 October 2026 via checked.be.