LOGIC INVEST: 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.
LOGIC INVEST
Largest movements
- Receivables within one year +€69,545
up €69,545 (+1,191%), from €5,838 to €75,383
of which Trade receivables: +€74,071
- Cash +€11,176
new in 2024: €11,176
mainly Debts after one year (+€150,000) and Net result for the year (+€58,838)
- Debts after one year +€150,000
up €150,000 (+375%), from €40,000 to €190,000
- Other debts -€142,004
down €142,004 (-93.8%), from €151,327 to €9,324
- Profit (loss) carried forward +€58,838
up €58,838 (+29.5%), from -€199,458 to -€140,620
- Trade debts +€18,806
up €18,806 (+1,641%), from €1,146 to €19,952
- Advances received -€12,430
no longer reported in 2024 (was €12,430)
- Gross operating margin +€211,020
up €211,020, from -€138,474 to €72,546
- Financial income -€11,612
no longer reported in 2024 (was €11,612)
of which Financial income: -€11,612
- Other operating charges -€4,422
down €4,422 (-69.3%), from €6,385 to €1,962
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.
Derived cash bridge
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 | €44,928 | €126,716 | +€81,788 | +182% |
| Fixed assets | 21/28 | €39,090 | €40,156 | +€1,066 | +2.7% |
| Tangible fixed assets | 22/27 | €39,018 | €40,084 | +€1,066 | +2.7% |
| Plant, machinery and equipment | 23 | €2,959 | €1,479 | -€1,479 | -50.0% |
| Furniture and vehicles | 24 | €28,483 | €33,288 | +€4,805 | +16.9% |
| Other tangible fixed assets | 26 | €7,576 | €5,316 | -€2,260 | -29.8% |
| Financial fixed assets | 28 | €72 | €72 | = | 0.0% |
| Current assets | 29/58 | €5,838 | €86,560 | +€80,722 | +1,383% |
| Amounts receivable within one year | 40/41 | €5,838 | €75,383 | +€69,545 | +1,191% |
| Trade receivables | 40 | €1,012 | €75,083 | +€74,071 | +7,321% |
| Other amounts receivable | 41 | €4,826 | €300 | -€4,526 | -93.8% |
| Cash at bank and in hand | 54/58 | - | €11,176 | +€11,176 | |
| Total equity and liabilities | 10/49 | €44,928 | €126,716 | +€81,788 | +182% |
| Equity | 10/15 | -€161,398 | -€102,560 | +€58,838 | +36.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €31,860 | €31,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€199,458 | -€140,620 | +€58,838 | +29.5% |
| Amounts payable | 17/49 | €206,327 | €229,276 | +€22,949 | +11.1% |
| Amounts payable after more than one year | 17 | €40,000 | €190,000 | +€150,000 | +375% |
| Other amounts payable | 178/9 | €40,000 | €190,000 | +€150,000 | +375% |
| Amounts payable within one year | 42/48 | €166,327 | €39,276 | -€127,051 | -76.4% |
| Trade debts | 44 | €1,146 | €19,952 | +€18,806 | +1,641% |
| Suppliers | 440/4 | €1,146 | €19,952 | +€18,806 | +1,641% |
| Advances received on contracts in progress | 46 | €12,430 | - | -€12,430 | |
| Taxes, remuneration and social security | 45 | €1,424 | €10,001 | +€8,577 | +602% |
| Taxes | 450/3 | €1,390 | €10,001 | +€8,610 | +619% |
| Remuneration and social security | 454/9 | €33 | - | -€33 | |
| Other amounts payable | 47/48 | €151,327 | €9,324 | -€142,004 | -93.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,557 | €10,567 | +€11 | +0.1% |
| Other operating charges | 640/8 | €6,385 | €1,962 | -€4,422 | -69.3% |
| Gross operating margin | 9900 | -€138,474 | €72,546 | +€211,020 | |
| Operating profit (loss) | 9901 | -€155,416 | €60,016 | +€215,432 | |
| Financial income | 75/76B | €11,612 | - | -€11,612 | |
| Recurring financial income | 75 | €11,612 | - | -€11,612 | |
| Non-recurring financial income | 76B | €11,612 | - | -€11,612 | |
| Financial charges | 65/66B | €1,914 | €1,178 | -€736 | -38.5% |
| Recurring financial charges | 65 | €1,914 | €1,178 | -€736 | -38.5% |
| Profit (loss) for the period before taxes | 9903 | -€145,717 | €58,838 | +€204,556 | |
| Profit (loss) for the period | 9904 | -€145,717 | €58,838 | +€204,556 | |
| Profit (loss) for the period to be appropriated | 9905 | -€145,717 | €58,838 | +€204,556 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.