Logic4Waste: 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.
Logic4Waste
Largest movements
- Tangible fixed assets +€57,784
up €57,784 (+6794.4%), from €850 to €58,634
- Cash -€52,153
down €52,153 (-46.5%), from €112,264 to €60,111
mainly Investment in fixed assets (net) (-€63,697) and Contributions, distributions and other (-€16,200)
- Receivables within one year +€13,353
up €13,353 (+92.6%), from €14,415 to €27,768
of which Other amounts receivable: +€12,216
- Other debts +€16,152
up €16,152 (+33433.4%), from €48 to €16,200
- Reserves +€4,684
up €4,684 (+3.0%), from €153,811 to €158,495
- Gross operating margin -€6,354
down €6,354 (-13.6%), from €46,756 to €40,403
- Depreciation +€4,654
up €4,654 (+369.5%), from €1,259 to €5,914
- Taxes -€4,150
down €4,150 (-26.5%), from €15,635 to €11,485
- Other operating charges +€1,942
up €1,942 (+297.0%), from €654 to €2,596
- Financial income -€908
down €908 (-46.6%), from €1,949 to €1,041
of which Non-recurring financial income: -€1,867
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 | €165,029 | €186,045 | +€21,015 | +12.7% |
| Fixed assets | 21/28 | €1,158 | €58,942 | +€57,784 | +4988.0% |
| Tangible fixed assets | 22/27 | €850 | €58,634 | +€57,784 | +6794.4% |
| Furniture and vehicles | 24 | €850 | €58,634 | +€57,784 | +6794.4% |
| Financial fixed assets | 28 | €308 | €308 | = | 0.0% |
| Current assets | 29/58 | €163,871 | €127,103 | -€36,768 | -22.4% |
| Amounts receivable within one year | 40/41 | €14,415 | €27,768 | +€13,353 | +92.6% |
| Trade receivables | 40 | €8,868 | €10,006 | +€1,138 | +12.8% |
| Other amounts receivable | 41 | €5,547 | €17,762 | +€12,216 | +220.2% |
| Current investments | 50/53 | €35,359 | €35,756 | +€397 | +1.1% |
| Cash at bank and in hand | 54/58 | €112,264 | €60,111 | -€52,153 | -46.5% |
| Deferred charges and accrued income | 490/1 | €1,833 | €3,468 | +€1,634 | +89.1% |
| Total equity and liabilities | 10/49 | €165,029 | €186,045 | +€21,015 | +12.7% |
| Equity | 10/15 | €153,811 | €158,495 | +€4,684 | +3.0% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €153,811 | €158,495 | +€4,684 | +3.0% |
| Distributable reserves | 133 | €153,811 | €158,495 | +€4,684 | +3.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €11,218 | €27,549 | +€16,331 | +145.6% |
| Amounts payable within one year | 42/48 | €10,781 | €27,549 | +€16,768 | +155.5% |
| Financial debts | 43 | €3,667 | €3,000 | -€667 | -18.2% |
| Credit institutions | 430/8 | €3,667 | €3,000 | -€667 | -18.2% |
| Trade debts | 44 | €1,034 | €1,577 | +€543 | +52.5% |
| Suppliers | 440/4 | €1,034 | €1,577 | +€543 | +52.5% |
| Taxes, remuneration and social security | 45 | €6,032 | €6,772 | +€740 | +12.3% |
| Taxes | 450/3 | €6,032 | €6,772 | +€740 | +12.3% |
| Other amounts payable | 47/48 | €48 | €16,200 | +€16,152 | +33433.4% |
| Accrued charges and deferred income | 492/3 | €437 | €0 | -€437 | -100.0% |
| Non-recurring operating income | 76A | - | €12,350 | +€12,350 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,259 | €5,914 | +€4,654 | +369.5% |
| Other operating charges | 640/8 | €654 | €2,596 | +€1,942 | +297.0% |
| Non-recurring operating charges | 66A | €398 | €0 | -€398 | -100.0% |
| Gross operating margin | 9900 | €46,756 | €40,403 | -€6,354 | -13.6% |
| Operating profit (loss) | 9901 | €44,445 | €31,893 | -€12,552 | -28.2% |
| Financial income | 75/76B | €1,949 | €1,041 | -€908 | -46.6% |
| Recurring financial income | 75 | €83 | €1,041 | +€959 | +1160.0% |
| Non-recurring financial income | 76B | €1,867 | €0 | -€1,867 | -100.0% |
| Financial charges | 65/66B | €549 | €566 | +€17 | +3.1% |
| Recurring financial charges | 65 | €549 | €566 | +€17 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | €45,846 | €32,369 | -€13,477 | -29.4% |
| Income taxes | 67/77 | €15,635 | €11,485 | -€4,150 | -26.5% |
| Profit (loss) for the period | 9904 | €30,211 | €20,884 | -€9,327 | -30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €30,211 | €20,884 | -€9,327 | -30.9% |
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 9 October 2026 via checked.be.