LOGFLOW: 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.
What changed
LOGFLOW
NACE 82.990, Other business support services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€224,553
2024 · -€550,092+€325,539
Equity
€690,650
2024 · €915,202-€224,553
Cash
€179,238
2024 · €223,699-€44,461
Balance sheet total
€9.2m
2024 · €9.9m-€664,866
Largest movements
Assets
- Formation expenses -€397,391
down €397,391 (-28.3%), from €1.4m to €1.0m
- Tangible fixed assets -€245,621
down €245,621 (-3.8%), from €6.4m to €6.2m
of which Land and buildings: -€171,853
Equity and liabilities
- Debts after one year -€743,702
down €743,702 (-10.3%), from €7.2m to €6.5m
- Current portion of long-term debt +€242,796
up €242,796 (+86.2%), from €281,576 to €524,372
- Profit (loss) carried forward -€224,553
down €224,553 (-410.6%), from -€54,685 to -€279,238
Income statement
- Turnover +€875,142
up €875,142 (+15.3%), from €5.7m to €6.6m
- Purchases and services +€770,809
up €770,809 (+25.5%), from €3.0m to €3.8m
- Staff costs -€155,609
down €155,609 (-6.2%), from €2.5m to €2.4m
- Depreciation +€113,823
up €113,823 (+17.3%), from €658,873 to €772,696
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.
Result 2024
-€550,092
Gross operating margin
-€227
Staff costs
+€155,609
Depreciation
-€113,823
Other operating charges
+€43,630
Other operating items
+€182,703
Financial income
-€582
Financial charges
+€1,736
Taxes
+€56,493
Result 2025
-€224,553
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.
From operations
+€551,195
Investment
-€96,961
Financing
-€498,695
Cash 2024
€223,699
From operations (derived)
+€551,195
Net result for the year
-€224,553
Depreciation
+€772,696
Receivables within one year
-€17,527
Deferred charges and accrued income
-€37,803
Trade debts
+€81,463
Tax, wage and social debts
-€23,561
Smaller working-capital items
+€480
Investment (derived)
-€96,961
Investment in fixed assets (net)
-€96,961
Financing
-€498,695
Debts after one year
-€743,702
Current portion of long-term debt
+€242,796
Short-term financial debts
+€2,211
Cash 2025
€179,238
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,863,826 | €9,198,960 | -€664,866 | -6.7% |
| Formation expenses | 20 | €1,402,653 | €1,005,261 | -€397,391 | -28.3% |
| Fixed assets | 21/28 | €6,889,324 | €6,610,981 | -€278,343 | -4.0% |
| Intangible fixed assets | 21 | €482,220 | €450,032 | -€32,188 | -6.7% |
| Tangible fixed assets | 22/27 | €6,406,219 | €6,160,598 | -€245,621 | -3.8% |
| Land and buildings | 22 | €5,688,949 | €5,517,096 | -€171,853 | -3.0% |
| Furniture and vehicles | 24 | €717,270 | €643,502 | -€73,768 | -10.3% |
| Financial fixed assets | 28 | €885 | €350 | -€535 | -60.5% |
| Current assets | 29/58 | €1,571,849 | €1,582,718 | +€10,869 | +0.7% |
| Stocks and contracts in progress | 3 | €756 | €756 | = | 0.0% |
| Stocks | 30/36 | €756 | €756 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,210,109 | €1,227,636 | +€17,527 | +1.4% |
| Trade receivables | 40 | €1,175,904 | €1,217,233 | +€41,329 | +3.5% |
| Other amounts receivable | 41 | €34,205 | €10,403 | -€23,802 | -69.6% |
| Cash at bank and in hand | 54/58 | €223,699 | €179,238 | -€44,461 | -19.9% |
| Deferred charges and accrued income | 490/1 | €137,284 | €175,088 | +€37,803 | +27.5% |
| Total equity and liabilities | 10/49 | €9,863,826 | €9,198,960 | -€664,866 | -6.7% |
| Equity | 10/15 | €915,202 | €690,650 | -€224,553 | -24.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €908,387 | €908,387 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €883,487 | €883,487 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,685 | -€279,238 | -€224,553 | -410.6% |
| Amounts payable | 17/49 | €8,948,623 | €8,508,310 | -€440,313 | -4.9% |
| Amounts payable after more than one year | 17 | €7,212,267 | €6,468,565 | -€743,702 | -10.3% |
| Financial debts | 170/4 | €7,212,267 | €6,468,565 | -€743,702 | -10.3% |
| Amounts payable within one year | 42/48 | €1,733,984 | €2,037,189 | +€303,205 | +17.5% |
| Current portion of amounts payable after more than one year | 42 | €281,576 | €524,372 | +€242,796 | +86.2% |
| Financial debts | 43 | €192,175 | €194,386 | +€2,211 | +1.2% |
| Credit institutions | 430/8 | €192,175 | €194,386 | +€2,211 | +1.2% |
| Trade debts | 44 | €950,270 | €1,031,733 | +€81,463 | +8.6% |
| Suppliers | 440/4 | €950,270 | €1,031,733 | +€81,463 | +8.6% |
| Advances received on contracts in progress | 46 | €6,111 | €6,406 | +€295 | +4.8% |
| Taxes, remuneration and social security | 45 | €303,854 | €280,292 | -€23,561 | -7.8% |
| Taxes | 450/3 | €91,438 | €43,956 | -€47,482 | -51.9% |
| Remuneration and social security | 454/9 | €212,415 | €236,336 | +€23,921 | +11.3% |
| Accrued charges and deferred income | 492/3 | €2,372 | €2,556 | +€185 | +7.8% |
| Turnover | 70 | €5,714,369 | €6,589,511 | +€875,142 | +15.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,025,517 | €3,796,326 | +€770,809 | +25.5% |
| Remuneration, social security and pensions | 62 | €2,521,918 | €2,366,309 | -€155,609 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €658,873 | €772,696 | +€113,823 | +17.3% |
| Other operating charges | 640/8 | €71,465 | €27,834 | -€43,630 | -61.1% |
| Non-recurring operating charges | 66A | €182,703 | €0 | -€182,703 | -100.0% |
| Gross operating margin | 9900 | €3,188,924 | €3,188,697 | -€227 | 0.0% |
| Operating profit (loss) | 9901 | -€246,034 | €21,859 | +€267,893 | |
| Financial income | 75/76B | €1,012 | €429 | -€582 | -57.6% |
| Recurring financial income | 75 | €1,012 | €429 | -€582 | -57.6% |
| Financial charges | 65/66B | €236,451 | €234,715 | -€1,736 | -0.7% |
| Recurring financial charges | 65 | €236,451 | €234,715 | -€1,736 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | -€481,474 | -€212,427 | +€269,046 | +55.9% |
| Income taxes | 67/77 | €68,618 | €12,125 | -€56,493 | -82.3% |
| Profit (loss) for the period | 9904 | -€550,092 | -€224,553 | +€325,539 | +59.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€550,092 | -€224,553 | +€325,539 | +59.2% |
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 8 October 2026 via checked.be.