Logfin: 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.
Logfin
Largest movements
- Receivables within one year -€14,813
down €14,813 (-9.1%), from €162,614 to €147,801
of which Trade receivables: -€15,068
- Cash -€7,769
down €7,769 (-40.9%), from €19,018 to €11,248
mainly Contributions, distributions and other (-€49,028) and Tax, wage and social debts (-€27,765)
- Tax, wage and social debts -€27,765
down €27,765 (-58.6%), from €47,407 to €19,642
of which Taxes: -€27,605
- Profit (loss) carried forward +€8,671
up €8,671 (+215%), from €4,028 to €12,699
- Trade debts -€3,168
down €3,168 (-86.1%), from €3,680 to €513
- Gross operating margin +€22,544
up €22,544 (+36.8%), from €61,281 to €83,824
- Financial charges +€11,959
up €11,959, from -€2,290 to €9,669
of which Financial charges: +€11,948
- Taxes -€1,618
down €1,618 (-9.4%), from €17,260 to €15,642
- Financial income +€1,117
up €1,117 (+73.1%), from €1,530 to €2,647
of which Financial income: +€1,116
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 | €189,923 | €167,661 | -€22,262 | -11.7% |
| Fixed assets | 21/28 | €5,557 | €4,491 | -€1,066 | -19.2% |
| Tangible fixed assets | 22/27 | €5,557 | €4,491 | -€1,066 | -19.2% |
| Plant, machinery and equipment | 23 | €5,557 | €4,491 | -€1,066 | -19.2% |
| Current assets | 29/58 | €184,366 | €163,169 | -€21,196 | -11.5% |
| Amounts receivable within one year | 40/41 | €162,614 | €147,801 | -€14,813 | -9.1% |
| Trade receivables | 40 | €18,234 | €3,166 | -€15,068 | -82.6% |
| Other amounts receivable | 41 | €144,380 | €144,635 | +€255 | +0.2% |
| Cash at bank and in hand | 54/58 | €19,018 | €11,248 | -€7,769 | -40.9% |
| Deferred charges and accrued income | 490/1 | €2,734 | €4,120 | +€1,386 | +50.7% |
| Total equity and liabilities | 10/49 | €189,923 | €167,661 | -€22,262 | -11.7% |
| Equity | 10/15 | €138,835 | €147,506 | +€8,671 | +6.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €131,807 | €131,807 | = | 0.0% |
| Distributable reserves | 133 | €131,807 | €131,807 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,028 | €12,699 | +€8,671 | +215% |
| Amounts payable | 17/49 | €51,087 | €20,155 | -€30,933 | -60.5% |
| Amounts payable within one year | 42/48 | €51,087 | €20,155 | -€30,933 | -60.5% |
| Trade debts | 44 | €3,680 | €513 | -€3,168 | -86.1% |
| Suppliers | 440/4 | €3,680 | €513 | -€3,168 | -86.1% |
| Taxes, remuneration and social security | 45 | €47,407 | €19,642 | -€27,765 | -58.6% |
| Taxes | 450/3 | €47,247 | €19,642 | -€27,605 | -58.4% |
| Remuneration and social security | 454/9 | €160 | - | -€160 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,787 | €3,462 | +€675 | +24.2% |
| Gross operating margin | 9900 | €61,281 | €83,824 | +€22,544 | +36.8% |
| Operating profit (loss) | 9901 | €58,494 | €80,363 | +€21,869 | +37.4% |
| Financial income | 75/76B | €1,530 | €2,647 | +€1,117 | +73.1% |
| Recurring financial income | 75 | €1,530 | €2,646 | +€1,116 | +73.0% |
| Non-recurring financial income | 76B | €0 | €2 | +€2 | +7,700% |
| Financial charges | 65/66B | -€2,290 | €9,669 | +€11,959 | |
| Recurring financial charges | 65 | -€2,367 | €9,581 | +€11,948 | |
| Non-recurring financial charges | 66B | €76 | €88 | +€11 | +14.8% |
| Profit (loss) for the period before taxes | 9903 | €62,314 | €73,341 | +€11,027 | +17.7% |
| Income taxes | 67/77 | €17,260 | €15,642 | -€1,618 | -9.4% |
| Profit (loss) for the period | 9904 | €45,054 | €57,699 | +€12,645 | +28.1% |
| Profit (loss) for the period to be appropriated | 9905 | €45,054 | €57,699 | +€12,645 | +28.1% |
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 15 October 2026 via checked.be.