Logi-Cal: 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-Cal
Largest movements
- Intangible fixed assets +€198,238
up €198,238 (+41.1%), from €482,250 to €680,488
- Cash +€184,078
up €184,078 (+49.5%), from €371,729 to €555,807
mainly Net result for the year (+€393,096) and Depreciation (+€326,532)
- Deferred charges and accrued income -€44,745
no longer reported in 2025 (was €44,745)
- Receivables within one year -€24,483
down €24,483 (-15.0%), from €163,095 to €138,612
of which Trade receivables: -€34,934
- Reserves +€93,096
up €93,096 (+13.6%), from €683,488 to €776,584
- Accrued charges and deferred income +€92,000
new in 2025: €92,000
- Other debts +€85,000
up €85,000 (+42.5%), from €200,000 to €285,000
- Trade debts +€26,718
up €26,718 (+18.6%), from €143,645 to €170,364
- Tax, wage and social debts +€16,274
up €16,274 (+69.9%), from €23,273 to €39,547
- Gross operating margin -€139,755
down €139,755 (-16.2%), from €863,733 to €723,979
- Depreciation +€134,873
up €134,873 (+70.4%), from €191,659 to €326,532
- Taxes -€13,771
no longer reported in 2025 (was €13,771)
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 | €1,071,611 | €1,384,699 | +€313,088 | +29.2% |
| Fixed assets | 21/28 | €482,250 | €680,488 | +€198,238 | +41.1% |
| Intangible fixed assets | 21 | €482,250 | €680,488 | +€198,238 | +41.1% |
| Current assets | 29/58 | €589,361 | €704,211 | +€114,850 | +19.5% |
| Amounts receivable within one year | 40/41 | €163,095 | €138,612 | -€24,483 | -15.0% |
| Trade receivables | 40 | €111,866 | €76,933 | -€34,934 | -31.2% |
| Other amounts receivable | 41 | €51,229 | €61,680 | +€10,451 | +20.4% |
| Current investments | 50/53 | €9,792 | €9,792 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €371,729 | €555,807 | +€184,078 | +49.5% |
| Deferred charges and accrued income | 490/1 | €44,745 | - | -€44,745 | |
| Total equity and liabilities | 10/49 | €1,071,611 | €1,384,699 | +€313,088 | +29.2% |
| Equity | 10/15 | €704,692 | €797,788 | +€93,096 | +13.2% |
| Contributions | 10/11 | €21,204 | €21,204 | = | 0.0% |
| Reserves | 13 | €683,488 | €776,584 | +€93,096 | +13.6% |
| Distributable reserves | 133 | €683,488 | €776,584 | +€93,096 | +13.6% |
| Amounts payable | 17/49 | €366,919 | €586,911 | +€219,992 | +60.0% |
| Amounts payable within one year | 42/48 | €366,919 | €494,911 | +€127,992 | +34.9% |
| Trade debts | 44 | €143,645 | €170,364 | +€26,718 | +18.6% |
| Suppliers | 440/4 | €143,645 | €170,364 | +€26,718 | +18.6% |
| Taxes, remuneration and social security | 45 | €23,273 | €39,547 | +€16,274 | +69.9% |
| Taxes | 450/3 | €23,273 | €39,547 | +€16,274 | +69.9% |
| Other amounts payable | 47/48 | €200,000 | €285,000 | +€85,000 | +42.5% |
| Accrued charges and deferred income | 492/3 | - | €92,000 | +€92,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €191,659 | €326,532 | +€134,873 | +70.4% |
| Other operating charges | 640/8 | €1,044 | €3,721 | +€2,677 | +257% |
| Non-recurring operating charges | 66A | €345,888 | - | -€345,888 | |
| Gross operating margin | 9900 | €863,733 | €723,979 | -€139,755 | -16.2% |
| Operating profit (loss) | 9901 | €325,143 | €393,726 | +€68,582 | +21.1% |
| Financial income | 75/76B | €1,384 | €1,680 | +€296 | +21.4% |
| Recurring financial income | 75 | €1,384 | €1,680 | +€296 | +21.4% |
| Financial charges | 65/66B | €2,439 | €2,310 | -€129 | -5.3% |
| Recurring financial charges | 65 | €2,439 | €2,310 | -€129 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €324,088 | €393,096 | +€69,008 | +21.3% |
| Income taxes | 67/77 | €13,771 | - | -€13,771 | |
| Profit (loss) for the period | 9904 | €310,317 | €393,096 | +€82,779 | +26.7% |
| Profit (loss) for the period to be appropriated | 9905 | €310,317 | €393,096 | +€82,779 | +26.7% |
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 17 October 2026 via checked.be.