LOGI +: 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
LOGI +
NACE 26.110, Manufacture of computer, electronic and optical products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€694,811
2024 · €739,901-€45,090
Equity
€2.6m
2024 · €2.2m+€394,811
Cash
€1.3m
2024 · €889,922+€384,305
Balance sheet total
€7.4m
2024 · €8.3m-€888,749
Largest movements
Assets
- Stocks and contracts -€1.3m
down €1.3m (-26.3%), from €4.9m to €3.6m
- Cash +€384,305
up €384,305 (+43.2%), from €889,922 to €1.3m
mainly Stocks and contracts (+€1.3m) and Net result for the year (+€694,811)
Equity and liabilities
- Short-term financial debts -€690,000
down €690,000 (-30.8%), from €2.2m to €1.6m
- Trade debts -€521,262
down €521,262 (-35.7%), from €1.5m to €939,880
- Profit (loss) carried forward +€394,811
up €394,811 (+20.8%), from €1.9m to €2.3m
- Other debts -€374,182
down €374,182 (-20.3%), from €1.8m to €1.5m
- Tax, wage and social debts +€207,631
up €207,631 (+51.2%), from €405,159 to €612,790
Income statement
- Gross operating margin +€599,094
up €599,094 (+21.0%), from €2.8m to €3.4m
- Staff costs +€465,692
up €465,692 (+26.4%), from €1.8m to €2.2m
- Taxes +€122,740
up €122,740 (+73.0%), from €168,107 to €290,847
- Provisions +€103,335
up €103,335, from -€9,240 to €94,095
- Financial charges -€45,839
down €45,839 (-32.3%), from €142,133 to €96,293
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
€739,901
Gross operating margin
+€599,094
Staff costs
-€465,692
Depreciation
+€1,717
Provisions
-€103,335
Other operating charges
-€913
Financial income
+€940
Financial charges
+€45,839
Taxes
-€122,740
Result 2025
€694,811
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
+€1.4m
Investment
-€16,056
Financing
-€990,000
Cash 2024
€889,922
From operations (derived)
+€1.4m
Net result for the year
+€694,811
Depreciation
+€39,297
Stocks and contracts
+€1.3m
Receivables within one year
-€15,972
Deferred charges and accrued income
-€12,455
Provisions
+€94,095
Trade debts
-€521,262
Tax, wage and social debts
+€207,631
Other debts
-€374,182
Accrued charges and deferred income
+€159
Investment (derived)
-€16,056
Investment in fixed assets (net)
-€16,056
Financing
-€990,000
Short-term financial debts
-€690,000
Contributions, distributions and other
-€300,000
Cash 2025
€1.3m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,254,695 | €7,365,946 | -€888,749 | -10.8% |
| Fixed assets | 21/28 | €162,271 | €139,030 | -€23,241 | -14.3% |
| Intangible fixed assets | 21 | €14,867 | €8,126 | -€6,741 | -45.3% |
| Tangible fixed assets | 22/27 | €75,330 | €58,541 | -€16,789 | -22.3% |
| Plant, machinery and equipment | 23 | €7,810 | €3,013 | -€4,797 | -61.4% |
| Furniture and vehicles | 24 | €40,749 | €36,674 | -€4,075 | -10.0% |
| Other tangible fixed assets | 26 | €26,772 | €18,855 | -€7,917 | -29.6% |
| Financial fixed assets | 28 | €72,073 | €72,363 | +€289 | +0.4% |
| Current assets | 29/58 | €8,092,424 | €7,226,916 | -€865,508 | -10.7% |
| Stocks and contracts in progress | 3 | €4,856,570 | €3,578,330 | -€1.3m | -26.3% |
| Stocks | 30/36 | €4,856,570 | €3,578,330 | -€1.3m | -26.3% |
| Amounts receivable within one year | 40/41 | €2,330,158 | €2,346,130 | +€15,972 | +0.7% |
| Trade receivables | 40 | €2,134,859 | €2,287,045 | +€152,186 | +7.1% |
| Other amounts receivable | 41 | €195,299 | €59,085 | -€136,214 | -69.7% |
| Cash at bank and in hand | 54/58 | €889,922 | €1,274,227 | +€384,305 | +43.2% |
| Deferred charges and accrued income | 490/1 | €15,775 | €28,230 | +€12,455 | +79.0% |
| Total equity and liabilities | 10/49 | €8,254,695 | €7,365,946 | -€888,749 | -10.8% |
| Equity | 10/15 | €2,196,824 | €2,591,635 | +€394,811 | +18.0% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €50,803 | €50,803 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €25,000 | €25,000 | = | 0.0% |
| Distributable reserves | 133 | €25,803 | €25,803 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,896,021 | €2,290,832 | +€394,811 | +20.8% |
| Provisions and deferred taxes | 16 | €111,388 | €205,483 | +€94,095 | +84.5% |
| Provisions for liabilities and charges | 160/5 | €111,388 | €205,483 | +€94,095 | +84.5% |
| Major repairs and maintenance | 162 | €111,388 | €205,483 | +€94,095 | +84.5% |
| Amounts payable | 17/49 | €5,946,483 | €4,568,828 | -€1.4m | -23.2% |
| Amounts payable within one year | 42/48 | €5,946,483 | €4,568,670 | -€1.4m | -23.2% |
| Financial debts | 43 | €2,240,000 | €1,550,000 | -€690,000 | -30.8% |
| Credit institutions | 430/8 | €2,240,000 | €1,550,000 | -€690,000 | -30.8% |
| Trade debts | 44 | €1,461,143 | €939,880 | -€521,262 | -35.7% |
| Suppliers | 440/4 | €1,461,143 | €939,880 | -€521,262 | -35.7% |
| Taxes, remuneration and social security | 45 | €405,159 | €612,790 | +€207,631 | +51.2% |
| Remuneration and social security | 454/9 | €405,159 | €612,790 | +€207,631 | +51.2% |
| Other amounts payable | 47/48 | €1,840,182 | €1,466,000 | -€374,182 | -20.3% |
| Accrued charges and deferred income | 492/3 | - | €159 | +€159 | |
| Remuneration, social security and pensions | 62 | €1,764,244 | €2,229,936 | +€465,692 | +26.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,014 | €39,297 | -€1,717 | -4.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€9,240 | €94,095 | +€103,335 | |
| Other operating charges | 640/8 | €1,291 | €2,204 | +€913 | +70.7% |
| Gross operating margin | 9900 | €2,846,877 | €3,445,970 | +€599,094 | +21.0% |
| Operating profit (loss) | 9901 | €1,049,568 | €1,080,438 | +€30,870 | +2.9% |
| Financial income | 75/76B | €573 | €1,513 | +€940 | +164.2% |
| Recurring financial income | 75 | €573 | €1,513 | +€940 | +164.2% |
| Non-recurring financial income | 76B | €573 | €1,513 | +€940 | +164.2% |
| Financial charges | 65/66B | €142,133 | €96,293 | -€45,839 | -32.3% |
| Recurring financial charges | 65 | €142,133 | €96,293 | -€45,839 | -32.3% |
| Profit (loss) for the period before taxes | 9903 | €908,008 | €985,658 | +€77,650 | +8.6% |
| Income taxes | 67/77 | €168,107 | €290,847 | +€122,740 | +73.0% |
| Profit (loss) for the period | 9904 | €739,901 | €694,811 | -€45,090 | -6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €739,901 | €694,811 | -€45,090 | -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 4 October 2026 via checked.be.