LOGIBEL: 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.
LOGIBEL
Largest movements
- Tangible fixed assets -€72,209
down €72,209 (-17.1%), from €422,036 to €349,827
of which Leasing and similar rights: -€59,297
- Cash -€11,099
down €11,099 (-25.6%), from €43,381 to €32,282
mainly Debts after one year (-€33,340) and Current portion of long-term debt (-€28,168)
- Receivables within one year -€7,249
down €7,249 (-38.2%), from €18,984 to €11,734
of which Trade receivables: -€11,262
- Debts after one year -€33,340
down €33,340 (-28.9%), from €115,495 to €82,155
- Current portion of long-term debt -€28,168
down €28,168 (-45.8%), from €61,508 to €33,340
- Trade debts -€27,326
down €27,326 (-85.2%), from €32,072 to €4,746
- Profit (loss) carried forward -€13,564
down €13,564 (-5.2%), from €261,297 to €247,732
- Other debts +€13,266
up €13,266 (+37.2%), from €35,642 to €48,908
- Depreciation +€22,759
up €22,759 (+46.0%), from €49,450 to €72,209
- Gross operating margin +€20,954
up €20,954 (+25.8%), from €81,177 to €102,131
- Taxes +€2,653
up €2,653 (+127.8%), from €2,076 to €4,728
- Financial income +€1,863
up €1,863 (+363.9%), from €512 to €2,376
- Other operating charges +€1,567
up €1,567 (+15.0%), from €10,474 to €12,040
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €624,458 | €528,813 | -€95,645 | -15.3% |
| Fixed assets | 21/28 | €422,036 | €349,827 | -€72,209 | -17.1% |
| Tangible fixed assets | 22/27 | €422,036 | €349,827 | -€72,209 | -17.1% |
| Land and buildings | 22 | €161,268 | €155,778 | -€5,490 | -3.4% |
| Plant, machinery and equipment | 23 | €4,061 | €2,937 | -€1,123 | -27.7% |
| Furniture and vehicles | 24 | €11,940 | €5,640 | -€6,300 | -52.8% |
| Leasing and similar rights | 25 | €244,768 | €185,471 | -€59,297 | -24.2% |
| Current assets | 29/58 | €202,422 | €178,986 | -€23,436 | -11.6% |
| Amounts receivable within one year | 40/41 | €18,984 | €11,734 | -€7,249 | -38.2% |
| Trade receivables | 40 | €14,060 | €2,799 | -€11,262 | -80.1% |
| Other amounts receivable | 41 | €4,923 | €8,935 | +€4,012 | +81.5% |
| Current investments | 50/53 | €130,762 | €125,308 | -€5,454 | -4.2% |
| Cash at bank and in hand | 54/58 | €43,381 | €32,282 | -€11,099 | -25.6% |
| Deferred charges and accrued income | 490/1 | €9,295 | €9,661 | +€366 | +3.9% |
| Total equity and liabilities | 10/49 | €624,458 | €528,813 | -€95,645 | -15.3% |
| Equity | 10/15 | €365,164 | €350,332 | -€14,832 | -4.1% |
| Contributions | 10/11 | €81,805 | €81,805 | = | 0.0% |
| Capital | 10 | €81,805 | €81,805 | = | 0.0% |
| Issued capital | 100 | €81,805 | €81,805 | = | 0.0% |
| Reserves | 13 | €22,062 | €20,795 | -€1,268 | -5.7% |
| Non-distributable reserves | 130/1 | €8,180 | €8,180 | = | 0.0% |
| Legal reserve | 130 | €8,180 | €8,180 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,882 | €12,614 | -€1,268 | -9.1% |
| Profit (loss) carried forward | 14 | €261,297 | €247,732 | -€13,564 | -5.2% |
| Provisions and deferred taxes | 16 | €3,327 | €2,905 | -€423 | -12.7% |
| Deferred taxes | 168 | €3,327 | €2,905 | -€423 | -12.7% |
| Amounts payable | 17/49 | €255,967 | €175,577 | -€80,391 | -31.4% |
| Amounts payable after more than one year | 17 | €115,495 | €82,155 | -€33,340 | -28.9% |
| Financial debts | 170/4 | €115,495 | €82,155 | -€33,340 | -28.9% |
| Amounts payable within one year | 42/48 | €140,449 | €93,422 | -€47,027 | -33.5% |
| Current portion of amounts payable after more than one year | 42 | €61,508 | €33,340 | -€28,168 | -45.8% |
| Trade debts | 44 | €32,072 | €4,746 | -€27,326 | -85.2% |
| Suppliers | 440/4 | €32,072 | €4,746 | -€27,326 | -85.2% |
| Taxes, remuneration and social security | 45 | €11,227 | €6,429 | -€4,799 | -42.7% |
| Taxes | 450/3 | €11,227 | €6,429 | -€4,799 | -42.7% |
| Other amounts payable | 47/48 | €35,642 | €48,908 | +€13,266 | +37.2% |
| Accrued charges and deferred income | 492/3 | €24 | €0 | -€24 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,450 | €72,209 | +€22,759 | +46.0% |
| Other operating charges | 640/8 | €10,474 | €12,040 | +€1,567 | +15.0% |
| Non-recurring operating charges | 66A | - | €3,665 | +€3,665 | |
| Gross operating margin | 9900 | €81,177 | €102,131 | +€20,954 | +25.8% |
| Operating profit (loss) | 9901 | €21,254 | €14,217 | -€7,037 | -33.1% |
| Financial income | 75/76B | €512 | €2,376 | +€1,863 | +363.9% |
| Recurring financial income | 75 | €512 | €2,376 | +€1,863 | +363.9% |
| Financial charges | 65/66B | €4,134 | €5,690 | +€1,555 | +37.6% |
| Recurring financial charges | 65 | €4,134 | €5,690 | +€1,555 | +37.6% |
| Profit (loss) for the period before taxes | 9903 | €17,631 | €10,902 | -€6,729 | -38.2% |
| Transfer from deferred taxes | 780 | €423 | €423 | = | 0.0% |
| Income taxes | 67/77 | €2,076 | €4,728 | +€2,653 | +127.8% |
| Profit (loss) for the period | 9904 | €15,978 | €6,597 | -€9,381 | -58.7% |
| Transfer from tax-exempt reserves | 789 | €1,268 | €1,268 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,246 | €7,864 | -€9,381 | -54.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.