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.
LOGI
Largest movements
- Tangible fixed assets -€214,366
down €214,366 (-12.7%), from €1.7m to €1.5m
of which Land and buildings: -€229,904
- Cash +€92,456
up €92,456 (+262.9%), from €35,169 to €127,625
mainly Investment in fixed assets (net) (+€137,018) and Other debts (+€89,025)
- Reserves -€136,743
down €136,743 (-15.1%), from €904,964 to €768,222
of which Distributable reserves: -€106,000
- Other debts +€89,025
up €89,025 (+225.4%), from €39,502 to €128,527
- Debts after one year -€29,524
down €29,524 (-6.3%), from €468,677 to €439,153
- Current portion of long-term debt -€29,390
down €29,390 (-49.9%), from €58,914 to €29,524
- Profit (loss) carried forward -€21,694
down €21,694 (-1034.6%), from -€2,097 to -€23,791
- Gross operating margin +€67,457
up €67,457, from -€24,100 to €43,357
- Other operating charges +€4,378
up €4,378 (+34.9%), from €12,552 to €16,930
- Depreciation +€4,266
up €4,266 (+5.8%), from €73,082 to €77,347
- Financial income -€3,500
down €3,500 (-99.6%), from €3,512 to €13
- Financial charges -€649
down €649 (-5.4%), from €12,029 to €11,380
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 | €1,744,340 | €1,606,156 | -€138,184 | -7.9% |
| Fixed assets | 21/28 | €1,688,427 | €1,474,061 | -€214,366 | -12.7% |
| Tangible fixed assets | 22/27 | €1,688,340 | €1,473,974 | -€214,366 | -12.7% |
| Land and buildings | 22 | €1,668,451 | €1,438,548 | -€229,904 | -13.8% |
| Plant, machinery and equipment | 23 | €15,489 | €13,159 | -€2,329 | -15.0% |
| Furniture and vehicles | 24 | €4,400 | €22,267 | +€17,867 | +406.1% |
| Financial fixed assets | 28 | €87 | €87 | = | 0.0% |
| Current assets | 29/58 | €55,913 | €132,095 | +€76,182 | +136.3% |
| Amounts receivable within one year | 40/41 | €18,910 | €3,860 | -€15,049 | -79.6% |
| Other amounts receivable | 41 | €18,910 | €3,860 | -€15,049 | -79.6% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €35,169 | €127,625 | +€92,456 | +262.9% |
| Deferred charges and accrued income | 490/1 | €1,834 | €610 | -€1,225 | -66.8% |
| Total equity and liabilities | 10/49 | €1,744,340 | €1,606,156 | -€138,184 | -7.9% |
| Equity | 10/15 | €964,867 | €806,430 | -€158,437 | -16.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €904,964 | €768,222 | -€136,743 | -15.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €587,791 | €557,048 | -€30,743 | -5.2% |
| Distributable reserves | 133 | €310,973 | €204,973 | -€106,000 | -34.1% |
| Profit (loss) carried forward | 14 | -€2,097 | -€23,791 | -€21,694 | -1034.6% |
| Provisions and deferred taxes | 16 | €195,930 | €185,683 | -€10,248 | -5.2% |
| Deferred taxes | 168 | €195,930 | €185,683 | -€10,248 | -5.2% |
| Amounts payable | 17/49 | €583,542 | €614,043 | +€30,501 | +5.2% |
| Amounts payable after more than one year | 17 | €468,677 | €439,153 | -€29,524 | -6.3% |
| Financial debts | 170/4 | €468,677 | €439,153 | -€29,524 | -6.3% |
| Amounts payable within one year | 42/48 | €111,982 | €168,012 | +€56,030 | +50.0% |
| Current portion of amounts payable after more than one year | 42 | €58,914 | €29,524 | -€29,390 | -49.9% |
| Trade debts | 44 | €877 | €6,494 | +€5,618 | +640.9% |
| Suppliers | 440/4 | €877 | €6,494 | +€5,618 | +640.9% |
| Taxes, remuneration and social security | 45 | €12,690 | €3,467 | -€9,223 | -72.7% |
| Taxes | 450/3 | €12,690 | €2,267 | -€10,423 | -82.1% |
| Remuneration and social security | 454/9 | €0 | €1,200 | +€1,200 | |
| Other amounts payable | 47/48 | €39,502 | €128,527 | +€89,025 | +225.4% |
| Accrued charges and deferred income | 492/3 | €2,883 | €6,878 | +€3,995 | +138.6% |
| Non-recurring operating income | 76A | €0 | €19,920 | +€19,920 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,082 | €77,347 | +€4,266 | +5.8% |
| Other operating charges | 640/8 | €12,552 | €16,930 | +€4,378 | +34.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€24,100 | €43,357 | +€67,457 | |
| Operating profit (loss) | 9901 | -€109,734 | -€50,921 | +€58,813 | +53.6% |
| Financial income | 75/76B | €3,512 | €13 | -€3,500 | -99.6% |
| Recurring financial income | 75 | €3,512 | €13 | -€3,500 | -99.6% |
| Financial charges | 65/66B | €12,029 | €11,380 | -€649 | -5.4% |
| Recurring financial charges | 65 | €12,029 | €11,380 | -€649 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | -€118,251 | -€62,288 | +€55,962 | +47.3% |
| Transfer from deferred taxes | 780 | €32,132 | €10,248 | -€21,884 | -68.1% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €145 | €396 | +€251 | +172.6% |
| Profit (loss) for the period | 9904 | -€86,264 | -€52,437 | +€33,827 | +39.2% |
| Transfer from tax-exempt reserves | 789 | €96,395 | €30,743 | -€65,652 | -68.1% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €10,131 | -€21,694 | -€31,825 |
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 5 October 2026 via checked.be.