LOGICAL PLUS: 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.
LOGICAL PLUS
Largest movements
- Receivables within one year -€3,903
down €3,903 (-88.3%), from €4,422 to €519
of which Trade receivables: -€4,337
- Cash +€3,726
up €3,726 (+47.5%), from €7,847 to €11,573
mainly Other debts (+€4,067) and Receivables within one year (+€3,903)
- Tangible fixed assets -€389
down €389 (-20.0%), from €1,943 to €1,554
- Other debts +€4,067
up €4,067 (+960.0%), from €424 to €4,491
- Profit (loss) carried forward -€3,448
down €3,448 (-18.4%), from -€18,740 to -€22,188
- Tax, wage and social debts -€1,500
down €1,500 (-79.3%), from €1,892 to €392
- Trade debts +€315
up €315 (+5.4%), from €5,847 to €6,161
- Gross operating margin -€5,043
down €5,043, from €2,957 to -€2,086
- Depreciation -€1,160
down €1,160 (-74.9%), from €1,549 to €389
- Financial charges -€320
down €320 (-60.0%), from €533 to €213
- Taxes +€256
new in 2025: €256
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 | €14,211 | €13,645 | -€566 | -4.0% |
| Fixed assets | 21/28 | €1,943 | €1,554 | -€389 | -20.0% |
| Tangible fixed assets | 22/27 | €1,943 | €1,554 | -€389 | -20.0% |
| Plant, machinery and equipment | 23 | €1,943 | €1,554 | -€389 | -20.0% |
| Current assets | 29/58 | €12,269 | €12,091 | -€177 | -1.4% |
| Amounts receivable within one year | 40/41 | €4,422 | €519 | -€3,903 | -88.3% |
| Trade receivables | 40 | €4,422 | €85 | -€4,337 | -98.1% |
| Other amounts receivable | 41 | - | €434 | +€434 | |
| Cash at bank and in hand | 54/58 | €7,847 | €11,573 | +€3,726 | +47.5% |
| Total equity and liabilities | 10/49 | €14,211 | €13,645 | -€566 | -4.0% |
| Equity | 10/15 | €6,049 | €2,601 | -€3,448 | -57.0% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,740 | -€22,188 | -€3,448 | -18.4% |
| Amounts payable | 17/49 | €8,163 | €11,045 | +€2,882 | +35.3% |
| Amounts payable within one year | 42/48 | €8,163 | €11,045 | +€2,882 | +35.3% |
| Trade debts | 44 | €5,847 | €6,161 | +€315 | +5.4% |
| Suppliers | 440/4 | €5,847 | €6,161 | +€315 | +5.4% |
| Taxes, remuneration and social security | 45 | €1,892 | €392 | -€1,500 | -79.3% |
| Taxes | 450/3 | €1,892 | €392 | -€1,500 | -79.3% |
| Other amounts payable | 47/48 | €424 | €4,491 | +€4,067 | +960.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,549 | €389 | -€1,160 | -74.9% |
| Other operating charges | 640/8 | €500 | €505 | +€5 | +1.0% |
| Gross operating margin | 9900 | €2,957 | -€2,086 | -€5,043 | |
| Operating profit (loss) | 9901 | €908 | -€2,979 | -€3,888 | |
| Financial income | 75/76B | €20 | €0 | -€19 | -98.0% |
| Recurring financial income | 75 | €20 | €0 | -€19 | -98.0% |
| Financial charges | 65/66B | €533 | €213 | -€320 | -60.0% |
| Recurring financial charges | 65 | €533 | €213 | -€320 | -60.0% |
| Profit (loss) for the period before taxes | 9903 | €395 | -€3,192 | -€3,587 | |
| Income taxes | 67/77 | - | €256 | +€256 | |
| Profit (loss) for the period | 9904 | €395 | -€3,448 | -€3,843 | |
| Profit (loss) for the period to be appropriated | 9905 | €395 | -€3,448 | -€3,843 |
Source: filed annual accounts (NBB), fiscal years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.