LOGICALLY YOURS: 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.
LOGICALLY YOURS
Largest movements
- Tangible fixed assets -€45,340
down €45,340 (-26.2%), from €173,002 to €127,662
of which Land and buildings: -€22,914
- Current investments +€31,986
up €31,986 (+15.4%), from €207,260 to €239,246
- Deferred charges and accrued income -€8,106
down €8,106 (-61.3%), from €13,218 to €5,113
- Debts after one year -€42,363
down €42,363 (-66.1%), from €64,129 to €21,766
- Current portion of long-term debt +€21,486
new in 2025: €21,486
- Financial income +€85,603
up €85,603 (+21,880%), from €391 to €85,994
of which Non-recurring financial income: +€85,785
- Gross operating margin -€84,213
down €84,213, from €53,315 to -€30,898
- Other operating charges +€3,143
up €3,143 (+346%), from €909 to €4,052
- Financial charges -€1,175
down €1,175 (-30.0%), from €3,915 to €2,740
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.
Derived cash bridge
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 | €414,105 | €390,154 | -€23,951 | -5.8% |
| Fixed assets | 21/28 | €173,002 | €127,662 | -€45,340 | -26.2% |
| Tangible fixed assets | 22/27 | €173,002 | €127,662 | -€45,340 | -26.2% |
| Land and buildings | 22 | €76,280 | €53,366 | -€22,914 | -30.0% |
| Plant, machinery and equipment | 23 | €7,045 | €6,029 | -€1,016 | -14.4% |
| Furniture and vehicles | 24 | €89,677 | €68,267 | -€21,410 | -23.9% |
| Current assets | 29/58 | €241,103 | €262,492 | +€21,389 | +8.9% |
| Amounts receivable within one year | 40/41 | €17,133 | €17,567 | +€434 | +2.5% |
| Trade receivables | 40 | €1,467 | - | -€1,467 | |
| Other amounts receivable | 41 | €15,666 | €17,567 | +€1,901 | +12.1% |
| Current investments | 50/53 | €207,260 | €239,246 | +€31,986 | +15.4% |
| Cash at bank and in hand | 54/58 | €3,491 | €566 | -€2,926 | -83.8% |
| Deferred charges and accrued income | 490/1 | €13,218 | €5,113 | -€8,106 | -61.3% |
| Total equity and liabilities | 10/49 | €414,105 | €390,154 | -€23,951 | -5.8% |
| Equity | 10/15 | €346,065 | €346,128 | +€63 | 0.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €300,388 | €300,451 | +€63 | 0.0% |
| Distributable reserves | 133 | €300,388 | €300,451 | +€63 | 0.0% |
| Profit (loss) carried forward | 14 | €33,277 | €33,277 | = | 0.0% |
| Amounts payable | 17/49 | €68,041 | €44,026 | -€24,015 | -35.3% |
| Amounts payable after more than one year | 17 | €64,129 | €21,766 | -€42,363 | -66.1% |
| Financial debts | 170/4 | €64,129 | €21,766 | -€42,363 | -66.1% |
| Amounts payable within one year | 42/48 | €3,911 | €22,260 | +€18,349 | +469% |
| Current portion of amounts payable after more than one year | 42 | - | €21,486 | +€21,486 | |
| Financial debts | 43 | €513 | - | -€513 | |
| Credit institutions | 430/8 | €513 | - | -€513 | |
| Trade debts | 44 | €24 | - | -€24 | |
| Suppliers | 440/4 | €24 | - | -€24 | |
| Taxes, remuneration and social security | 45 | - | €703 | +€703 | |
| Taxes | 450/3 | - | €703 | +€703 | |
| Other amounts payable | 47/48 | €3,374 | €71 | -€3,303 | -97.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,754 | €47,522 | -€231 | -0.5% |
| Other operating charges | 640/8 | €909 | €4,052 | +€3,143 | +346% |
| Gross operating margin | 9900 | €53,315 | -€30,898 | -€84,213 | |
| Operating profit (loss) | 9901 | €4,653 | -€82,472 | -€87,125 | |
| Financial income | 75/76B | €391 | €85,994 | +€85,603 | +21,880% |
| Recurring financial income | 75 | €391 | €209 | -€182 | -46.5% |
| Non-recurring financial income | 76B | - | €85,785 | +€85,785 | |
| Financial charges | 65/66B | €3,915 | €2,740 | -€1,175 | -30.0% |
| Recurring financial charges | 65 | €3,915 | €2,740 | -€1,175 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | €1,130 | €782 | -€348 | -30.8% |
| Income taxes | 67/77 | €985 | €719 | -€266 | -27.0% |
| Profit (loss) for the period | 9904 | €145 | €63 | -€81 | -56.2% |
| Profit (loss) for the period to be appropriated | 9905 | €145 | €63 | -€81 | -56.2% |
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 18 October 2026 via checked.be.