LOGI-FIX: 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-FIX
Largest movements
- Tangible fixed assets +€159,761
new in 2025: €159,761
of which Plant, machinery and equipment: +€130,336
- Cash -€119,933
down €119,933 (-45.4%), from €264,391 to €144,458
mainly Investment in fixed assets (net) (-€195,000) and Tax, wage and social debts (-€147,887)
- Trade debts +€165,616
new in 2025: €165,616
- Tax, wage and social debts -€147,887
down €147,887 (-86.1%), from €171,697 to €23,810
of which Taxes: -€155,975
- Reserves +€22,000
up €22,000 (+14.2%), from €155,000 to €177,000
of which Distributable reserves: +€22,000
- Staff costs +€85,112
new in 2025: €85,112
- Depreciation +€34,076
up €34,076 (+2,930%), from €1,163 to €35,239
- Taxes -€31,810
down €31,810 (-76.4%), from €41,648 to €9,838
- Gross operating margin +€27,879
up €27,879 (+22.0%), from €126,624 to €154,503
- Financial income -€4,291
down €4,291 (-84.0%), from €5,110 to €819
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 | €512,330 | €557,204 | +€44,874 | +8.8% |
| Fixed assets | 21/28 | - | €159,761 | +€159,761 | |
| Tangible fixed assets | 22/27 | - | €159,761 | +€159,761 | |
| Plant, machinery and equipment | 23 | - | €130,336 | +€130,336 | |
| Furniture and vehicles | 24 | - | €29,425 | +€29,425 | |
| Current assets | 29/58 | €512,330 | €397,443 | -€114,887 | -22.4% |
| Amounts receivable within one year | 40/41 | €247,939 | €250,736 | +€2,797 | +1.1% |
| Trade receivables | 40 | €240,706 | €241,736 | +€1,030 | +0.4% |
| Other amounts receivable | 41 | €7,233 | €9,000 | +€1,767 | +24.4% |
| Cash at bank and in hand | 54/58 | €264,391 | €144,458 | -€119,933 | -45.4% |
| Deferred charges and accrued income | 490/1 | - | €2,249 | +€2,249 | |
| Total equity and liabilities | 10/49 | €512,330 | €557,204 | +€44,874 | +8.8% |
| Equity | 10/15 | €340,633 | €363,478 | +€22,845 | +6.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €155,000 | €177,000 | +€22,000 | +14.2% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €153,000 | €175,000 | +€22,000 | +14.4% |
| Profit (loss) carried forward | 14 | €165,633 | €166,478 | +€845 | +0.5% |
| Amounts payable | 17/49 | €171,697 | €193,726 | +€22,029 | +12.8% |
| Amounts payable within one year | 42/48 | €171,697 | €190,226 | +€18,529 | +10.8% |
| Trade debts | 44 | - | €165,616 | +€165,616 | |
| Suppliers | 440/4 | - | €165,616 | +€165,616 | |
| Taxes, remuneration and social security | 45 | €171,697 | €23,810 | -€147,887 | -86.1% |
| Taxes | 450/3 | €171,697 | €15,722 | -€155,975 | -90.8% |
| Remuneration and social security | 454/9 | - | €8,088 | +€8,088 | |
| Other amounts payable | 47/48 | - | €800 | +€800 | |
| Accrued charges and deferred income | 492/3 | - | €3,500 | +€3,500 | |
| Remuneration, social security and pensions | 62 | - | €85,112 | +€85,112 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,163 | €35,239 | +€34,076 | +2,930% |
| Other operating charges | 640/8 | €968 | €1,163 | +€195 | +20.1% |
| Gross operating margin | 9900 | €126,624 | €154,503 | +€27,879 | +22.0% |
| Operating profit (loss) | 9901 | €124,493 | €32,989 | -€91,504 | -73.5% |
| Financial income | 75/76B | €5,110 | €819 | -€4,291 | -84.0% |
| Recurring financial income | 75 | €5,110 | €819 | -€4,291 | -84.0% |
| Financial charges | 65/66B | €268 | €325 | +€57 | +21.3% |
| Recurring financial charges | 65 | €268 | €325 | +€57 | +21.3% |
| Profit (loss) for the period before taxes | 9903 | €129,335 | €33,483 | -€95,852 | -74.1% |
| Income taxes | 67/77 | €41,648 | €9,838 | -€31,810 | -76.4% |
| Profit (loss) for the period | 9904 | €87,687 | €23,645 | -€64,042 | -73.0% |
| Profit (loss) for the period to be appropriated | 9905 | €87,687 | €23,645 | -€64,042 | -73.0% |
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 13 October 2026 via checked.be.