LOGI-SIGNS: what changed
LOGI-SIGNS
Largest movements
- Cash -€84,720
down €84,720 (-27.0%), from €313,552 to €228,832
mainly Other debts (-€303,183) and Net result for the year (-€50,477)
- Stocks and contracts +€45,555
up €45,555 (+20.5%), from €222,525 to €268,079
of which Stocks: +€27,405
- Tangible fixed assets -€28,206
down €28,206 (-38.3%), from €73,656 to €45,451
of which Leasing and similar rights: -€48,510
- Receivables within one year +€26,862
up €26,862 (+5.4%), from €494,544 to €521,406
of which Trade receivables: +€50,714
- Debts after one year +€330,000
up €330,000, from €0 to €330,000
of which Other amounts payable: +€330,000
- Other debts -€303,183
down €303,183 (-93.8%), from €323,178 to €19,995
- Reserves -€50,477
down €50,477 (-11.5%), from €438,867 to €388,390
of which Distributable reserves: -€50,477
- Current portion of long-term debt -€35,314
down €35,314 (-100%), from €35,314 to €0
- Trade debts +€22,951
up €22,951 (+10.1%), from €227,963 to €250,914
- Gross operating margin -€108,960
down €108,960 (-17.2%), from €631,940 to €522,981
- Taxes -€15,312
down €15,312 (-99.1%), from €15,459 to €147
- Staff costs +€8,930
up €8,930 (+1.8%), from €499,204 to €508,134
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,121,441 | €1,089,442 | -€31,999 | -2.9% |
| Fixed assets | 21/28 | €81,281 | €62,327 | -€18,954 | -23.3% |
| Intangible fixed assets | 21 | €7,031 | €16,283 | +€9,252 | +132% |
| Tangible fixed assets | 22/27 | €73,656 | €45,451 | -€28,206 | -38.3% |
| Land and buildings | 22 | €11,703 | €6,350 | -€5,354 | -45.7% |
| Plant, machinery and equipment | 23 | €0 | €22,397 | +€22,397 | |
| Furniture and vehicles | 24 | €13,443 | €16,704 | +€3,261 | +24.3% |
| Leasing and similar rights | 25 | €48,510 | €0 | -€48,510 | -100% |
| Financial fixed assets | 28 | €594 | €594 | = | 0.0% |
| Current assets | 29/58 | €1,040,160 | €1,027,114 | -€13,046 | -1.3% |
| Stocks and contracts in progress | 3 | €222,525 | €268,079 | +€45,555 | +20.5% |
| Stocks | 30/36 | €205,675 | €233,079 | +€27,405 | +13.3% |
| Contracts in progress | 37 | €16,850 | €35,000 | +€18,150 | +108% |
| Amounts receivable within one year | 40/41 | €494,544 | €521,406 | +€26,862 | +5.4% |
| Trade receivables | 40 | €459,397 | €510,111 | +€50,714 | +11.0% |
| Other amounts receivable | 41 | €35,147 | €11,295 | -€23,852 | -67.9% |
| Cash at bank and in hand | 54/58 | €313,552 | €228,832 | -€84,720 | -27.0% |
| Deferred charges and accrued income | 490/1 | €9,539 | €8,797 | -€743 | -7.8% |
| Total equity and liabilities | 10/49 | €1,121,441 | €1,089,442 | -€31,999 | -2.9% |
| Equity | 10/15 | €457,467 | €406,990 | -€50,477 | -11.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €438,867 | €388,390 | -€50,477 | -11.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €437,007 | €386,530 | -€50,477 | -11.6% |
| Amounts payable | 17/49 | €663,975 | €682,452 | +€18,478 | +2.8% |
| Amounts payable after more than one year | 17 | €0 | €330,000 | +€330,000 | |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | - | €330,000 | +€330,000 | |
| Amounts payable within one year | 42/48 | €663,975 | €352,452 | -€311,523 | -46.9% |
| Current portion of amounts payable after more than one year | 42 | €35,314 | €0 | -€35,314 | -100% |
| Financial debts | 43 | - | €3,368 | +€3,368 | |
| Credit institutions | 430/8 | - | €3,368 | +€3,368 | |
| Trade debts | 44 | €227,963 | €250,914 | +€22,951 | +10.1% |
| Suppliers | 440/4 | €227,963 | €250,914 | +€22,951 | +10.1% |
| Taxes, remuneration and social security | 45 | €77,519 | €78,175 | +€656 | +0.8% |
| Taxes | 450/3 | €40,211 | €33,574 | -€6,637 | -16.5% |
| Remuneration and social security | 454/9 | €37,308 | €44,602 | +€7,294 | +19.6% |
| Other amounts payable | 47/48 | €323,178 | €19,995 | -€303,183 | -93.8% |
| Non-recurring operating income | 76A | €13,405 | €4,303 | -€9,102 | -67.9% |
| Remuneration, social security and pensions | 62 | €499,204 | €508,134 | +€8,930 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,218 | €27,191 | -€6,027 | -18.1% |
| Other operating charges | 640/8 | €12,763 | €10,344 | -€2,419 | -19.0% |
| Non-recurring operating charges | 66A | €7,654 | €7,031 | -€623 | -8.1% |
| Gross operating margin | 9900 | €631,940 | €522,981 | -€108,960 | -17.2% |
| Operating profit (loss) | 9901 | €79,102 | -€29,718 | -€108,820 | |
| Financial income | 75/76B | €264 | €3 | -€261 | -98.8% |
| Recurring financial income | 75 | €264 | €3 | -€261 | -98.8% |
| Financial charges | 65/66B | €21,861 | €20,615 | -€1,246 | -5.7% |
| Recurring financial charges | 65 | €21,861 | €20,615 | -€1,246 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €57,505 | -€50,330 | -€107,835 | |
| Income taxes | 67/77 | €15,459 | €147 | -€15,312 | -99.1% |
| Profit (loss) for the period | 9904 | €42,046 | -€50,477 | -€92,523 | |
| Profit (loss) for the period to be appropriated | 9905 | €42,046 | -€50,477 | -€92,523 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.