LOGI: 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.
LOGI
Largest movements
- Tangible fixed assets -€74,113
down €74,113 (-2.2%), from €3.4m to €3.3m
- Cash +€70,418
up €70,418 (+144.8%), from €48,622 to €119,040
mainly Depreciation (+€96,880) and Net result for the year (+€96,172)
- Debts after one year -€88,238
down €88,238 (-6.6%), from €1.3m to €1.2m
- Reserves +€49,569
up €49,569 (+49.8%), from €99,512 to €149,082
of which Distributable reserves: +€49,569
- Profit (loss) carried forward +€46,603
up €46,603, from -€46,603 to €0
- Financial charges -€63,338
down €63,338 (-70.7%), from €89,622 to €26,284
- Gross operating margin +€31,144
up €31,144 (+14.4%), from €216,454 to €247,599
- Taxes +€4,973
up €4,973 (+3108.2%), from €160 to €5,133
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 | €3,472,397 | €3,465,574 | -€6,823 | -0.2% |
| Fixed assets | 21/28 | €3,404,542 | €3,330,429 | -€74,113 | -2.2% |
| Tangible fixed assets | 22/27 | €3,404,542 | €3,330,429 | -€74,113 | -2.2% |
| Land and buildings | 22 | €3,404,542 | €3,330,429 | -€74,113 | -2.2% |
| Current assets | 29/58 | €67,855 | €135,145 | +€67,290 | +99.2% |
| Amounts receivable within one year | 40/41 | €3,640 | €0 | -€3,640 | -100.0% |
| Other amounts receivable | 41 | €3,640 | €0 | -€3,640 | -100.0% |
| Cash at bank and in hand | 54/58 | €48,622 | €119,040 | +€70,418 | +144.8% |
| Deferred charges and accrued income | 490/1 | €15,593 | €16,105 | +€512 | +3.3% |
| Total equity and liabilities | 10/49 | €3,472,397 | €3,465,574 | -€6,823 | -0.2% |
| Equity | 10/15 | €852,910 | €949,082 | +€96,172 | +11.3% |
| Contributions | 10/11 | €800,000 | €800,000 | = | 0.0% |
| Capital | 10 | €800,000 | €800,000 | = | 0.0% |
| Issued capital | 100 | €800,000 | €800,000 | = | 0.0% |
| Reserves | 13 | €99,512 | €149,082 | +€49,569 | +49.8% |
| Non-distributable reserves | 130/1 | €80,000 | €80,000 | = | 0.0% |
| Legal reserve | 130 | €80,000 | €80,000 | = | 0.0% |
| Distributable reserves | 133 | €19,512 | €69,082 | +€49,569 | +254.0% |
| Profit (loss) carried forward | 14 | -€46,603 | €0 | +€46,603 | |
| Amounts payable | 17/49 | €2,619,487 | €2,516,492 | -€102,995 | -3.9% |
| Amounts payable after more than one year | 17 | €1,338,123 | €1,249,884 | -€88,238 | -6.6% |
| Financial debts | 170/4 | €1,338,123 | €1,249,884 | -€88,238 | -6.6% |
| Amounts payable within one year | 42/48 | €1,277,391 | €1,261,385 | -€16,006 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €85,008 | €88,238 | +€3,230 | +3.8% |
| Trade debts | 44 | €409 | €4,834 | +€4,425 | +1081.6% |
| Suppliers | 440/4 | €409 | €4,834 | +€4,425 | +1081.6% |
| Taxes, remuneration and social security | 45 | €18,045 | €5,133 | -€12,912 | -71.6% |
| Taxes | 450/3 | €18,045 | €5,133 | -€12,912 | -71.6% |
| Other amounts payable | 47/48 | €1,173,928 | €1,163,179 | -€10,749 | -0.9% |
| Accrued charges and deferred income | 492/3 | €3,974 | €5,223 | +€1,249 | +31.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,837 | €96,880 | +€42 | 0.0% |
| Other operating charges | 640/8 | €22,426 | €23,129 | +€704 | +3.1% |
| Gross operating margin | 9900 | €216,454 | €247,599 | +€31,144 | +14.4% |
| Operating profit (loss) | 9901 | €97,191 | €127,590 | +€30,398 | +31.3% |
| Financial charges | 65/66B | €89,622 | €26,284 | -€63,338 | -70.7% |
| Recurring financial charges | 65 | €89,622 | €26,284 | -€63,338 | -70.7% |
| Profit (loss) for the period before taxes | 9903 | €7,569 | €101,305 | +€93,736 | +1238.4% |
| Income taxes | 67/77 | €160 | €5,133 | +€4,973 | +3108.2% |
| Profit (loss) for the period | 9904 | €7,409 | €96,172 | +€88,763 | +1198.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,409 | €96,172 | +€88,763 | +1198.0% |
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 11 October 2026 via checked.be.