LOGIC IN MOTION: 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.
LOGIC IN MOTION
Largest movements
- Receivables within one year +€25,514
up €25,514 (+38.7%), from €65,851 to €91,365
of which Trade receivables: +€28,024
- Cash -€17,094
down €17,094 (-27.5%), from €62,059 to €44,965
mainly Receivables within one year (-€25,514) and Debts after one year (-€9,607)
- Tangible fixed assets -€4,604
down €4,604 (-35.8%), from €12,877 to €8,272
of which Furniture and vehicles: -€4,393
- Deferred charges and accrued income -€3,673
down €3,673 (-50.7%), from €7,243 to €3,570
- Tax, wage and social debts +€13,654
up €13,654 (+52.7%), from €25,913 to €39,567
of which Remuneration and social security: +€9,069
- Debts after one year -€9,607
down €9,607 (-20.9%), from €45,902 to €36,295
of which Other amounts payable: -€5,945
- Trade debts -€7,302
down €7,302 (-9.0%), from €81,017 to €73,715
- Profit (loss) carried forward +€2,040
up €2,040 (+7.0%), from -€29,150 to -€27,110
- Staff costs +€42,082
up €42,082 (+79.4%), from €52,984 to €95,065
- Financial charges -€7,170
down €7,170 (-65.6%), from €10,935 to €3,765
of which Non-recurring financial charges: -€6,534
- Taxes -€5,758
down €5,758 (-62.2%), from €9,261 to €3,503
- Financial income -€2,189
down €2,189 (-68.3%), from €3,205 to €1,016
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 | €148,029 | €148,173 | +€143 | +0.1% |
| Fixed assets | 21/28 | €12,877 | €8,272 | -€4,604 | -35.8% |
| Tangible fixed assets | 22/27 | €12,877 | €8,272 | -€4,604 | -35.8% |
| Plant, machinery and equipment | 23 | €559 | €348 | -€211 | -37.8% |
| Furniture and vehicles | 24 | €12,317 | €7,924 | -€4,393 | -35.7% |
| Current assets | 29/58 | €135,153 | €139,900 | +€4,747 | +3.5% |
| Amounts receivable within one year | 40/41 | €65,851 | €91,365 | +€25,514 | +38.7% |
| Trade receivables | 40 | €56,738 | €84,763 | +€28,024 | +49.4% |
| Other amounts receivable | 41 | €9,113 | €6,603 | -€2,510 | -27.5% |
| Cash at bank and in hand | 54/58 | €62,059 | €44,965 | -€17,094 | -27.5% |
| Deferred charges and accrued income | 490/1 | €7,243 | €3,570 | -€3,673 | -50.7% |
| Total equity and liabilities | 10/49 | €148,029 | €148,173 | +€143 | +0.1% |
| Equity | 10/15 | -€10,674 | -€8,635 | +€2,040 | +19.1% |
| Contributions | 10/11 | €18,475 | €18,475 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,150 | -€27,110 | +€2,040 | +7.0% |
| Amounts payable | 17/49 | €158,703 | €156,807 | -€1,896 | -1.2% |
| Amounts payable after more than one year | 17 | €45,902 | €36,295 | -€9,607 | -20.9% |
| Financial debts | 170/4 | €5,200 | €1,539 | -€3,662 | -70.4% |
| Other amounts payable | 178/9 | €40,702 | €34,757 | -€5,945 | -14.6% |
| Amounts payable within one year | 42/48 | €110,549 | €116,944 | +€6,395 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | €3,619 | €3,662 | +€43 | +1.2% |
| Trade debts | 44 | €81,017 | €73,715 | -€7,302 | -9.0% |
| Suppliers | 440/4 | €81,017 | €73,715 | -€7,302 | -9.0% |
| Taxes, remuneration and social security | 45 | €25,913 | €39,567 | +€13,654 | +52.7% |
| Taxes | 450/3 | €16,517 | €21,103 | +€4,585 | +27.8% |
| Remuneration and social security | 454/9 | €9,396 | €18,464 | +€9,069 | +96.5% |
| Accrued charges and deferred income | 492/3 | €2,252 | €3,568 | +€1,316 | +58.4% |
| Remuneration, social security and pensions | 62 | €52,984 | €95,065 | +€42,082 | +79.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,452 | €4,604 | -€848 | -15.6% |
| Other operating charges | 640/8 | €1,593 | €1,359 | -€234 | -14.7% |
| Gross operating margin | 9900 | €108,394 | €109,319 | +€925 | +0.9% |
| Operating profit (loss) | 9901 | €48,365 | €8,291 | -€40,074 | -82.9% |
| Financial income | 75/76B | €3,205 | €1,016 | -€2,189 | -68.3% |
| Recurring financial income | 75 | €3,205 | €1,016 | -€2,189 | -68.3% |
| Financial charges | 65/66B | €10,935 | €3,765 | -€7,170 | -65.6% |
| Recurring financial charges | 65 | €3,976 | €3,339 | -€637 | -16.0% |
| Non-recurring financial charges | 66B | €6,959 | €426 | -€6,534 | -93.9% |
| Profit (loss) for the period before taxes | 9903 | €40,635 | €5,542 | -€35,093 | -86.4% |
| Income taxes | 67/77 | €9,261 | €3,503 | -€5,758 | -62.2% |
| Profit (loss) for the period | 9904 | €31,374 | €2,040 | -€29,335 | -93.5% |
| Profit (loss) for the period to be appropriated | 9905 | €31,374 | €2,040 | -€29,335 | -93.5% |
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 5 October 2026 via checked.be.