LOGIC REBEL: 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 REBEL
Largest movements
- Tangible fixed assets -€18,181
down €18,181 (-38.4%), from €47,401 to €29,220
of which Furniture and vehicles: -€17,136
- Cash -€13,721
down €13,721 (-94.0%), from €14,590 to €869
mainly Net result for the year (-€60,426) and Debts after one year (-€6,696)
- Intangible fixed assets -€2,667
no longer reported in 2025 (was €2,667)
- Profit (loss) carried forward -€60,426
down €60,426 (-69.8%), from -€86,601 to -€147,027
- Other debts +€37,704
new in 2025: €37,704
- Debts after one year -€6,696
no longer reported in 2025 (was €6,696)
- Tax, wage and social debts -€4,028
down €4,028 (-90.9%), from €4,430 to €402
of which Remuneration and social security: -€2,550
- Current portion of long-term debt -€1,020
down €1,020 (-13.2%), from €7,716 to €6,696
- Gross operating margin +€24,209
up €24,209 (+38.7%), from -€62,553 to -€38,344
- Depreciation -€1,134
down €1,134 (-5.2%), from €21,982 to €20,848
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.
Cash bridge derived
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 | €70,888 | €36,060 | -€34,829 | -49.1% |
| Fixed assets | 21/28 | €50,068 | €29,220 | -€20,848 | -41.6% |
| Intangible fixed assets | 21 | €2,667 | - | -€2,667 | |
| Tangible fixed assets | 22/27 | €47,401 | €29,220 | -€18,181 | -38.4% |
| Plant, machinery and equipment | 23 | €2,857 | €1,811 | -€1,045 | -36.6% |
| Furniture and vehicles | 24 | €44,545 | €27,409 | -€17,136 | -38.5% |
| Current assets | 29/58 | €20,820 | €6,840 | -€13,981 | -67.1% |
| Amounts receivable within one year | 40/41 | €3,939 | €4,325 | +€385 | +9.8% |
| Trade receivables | 40 | €221 | €3,930 | +€3,709 | +1676.8% |
| Other amounts receivable | 41 | €3,718 | €395 | -€3,323 | -89.4% |
| Cash at bank and in hand | 54/58 | €14,590 | €869 | -€13,721 | -94.0% |
| Deferred charges and accrued income | 490/1 | €2,291 | €1,646 | -€645 | -28.2% |
| Total equity and liabilities | 10/49 | €70,888 | €36,060 | -€34,829 | -49.1% |
| Equity | 10/15 | €49,924 | -€10,502 | -€60,426 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €124,125 | €124,125 | = | 0.0% |
| Distributable reserves | 133 | €124,125 | €124,125 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€86,601 | -€147,027 | -€60,426 | -69.8% |
| Amounts payable | 17/49 | €20,965 | €46,562 | +€25,598 | +122.1% |
| Amounts payable after more than one year | 17 | €6,696 | - | -€6,696 | |
| Financial debts | 170/4 | €6,696 | - | -€6,696 | |
| Amounts payable within one year | 42/48 | €13,523 | €46,562 | +€33,039 | +244.3% |
| Current portion of amounts payable after more than one year | 42 | €7,716 | €6,696 | -€1,020 | -13.2% |
| Trade debts | 44 | €1,378 | €1,761 | +€383 | +27.8% |
| Suppliers | 440/4 | €1,378 | €1,761 | +€383 | +27.8% |
| Taxes, remuneration and social security | 45 | €4,430 | €402 | -€4,028 | -90.9% |
| Taxes | 450/3 | €1,879 | €402 | -€1,478 | -78.6% |
| Remuneration and social security | 454/9 | €2,550 | - | -€2,550 | |
| Other amounts payable | 47/48 | - | €37,704 | +€37,704 | |
| Accrued charges and deferred income | 492/3 | €745 | - | -€745 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,982 | €20,848 | -€1,134 | -5.2% |
| Other operating charges | 640/8 | €847 | €284 | -€563 | -66.5% |
| Gross operating margin | 9900 | -€62,553 | -€38,344 | +€24,209 | +38.7% |
| Operating profit (loss) | 9901 | -€85,382 | -€59,476 | +€25,906 | +30.3% |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €1,076 | €702 | -€374 | -34.8% |
| Recurring financial charges | 65 | €1,076 | €702 | -€374 | -34.8% |
| Profit (loss) for the period before taxes | 9903 | -€86,448 | -€60,178 | +€26,271 | +30.4% |
| Income taxes | 67/77 | €153 | €249 | +€95 | +62.4% |
| Profit (loss) for the period | 9904 | -€86,601 | -€60,426 | +€26,175 | +30.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€86,601 | -€60,426 | +€26,175 | +30.2% |
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 12 October 2026 via checked.be.