LOGICELL: 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.
LOGICELL
Largest movements
- Tangible fixed assets +€18,784
up €18,784 (+39.9%), from €47,113 to €65,898
of which Furniture and vehicles: +€41,136
- Receivables within one year -€9,033
down €9,033 (-79.8%), from €11,321 to €2,288
of which Other amounts receivable: -€8,640
- Cash -€8,757
down €8,757 (-7.0%), from €124,313 to €115,556
mainly Investment in fixed assets (net) (-€46,716) and Contributions, distributions and other (-€42,900)
- Other debts +€29,641
up €29,641 (+88.9%), from €33,325 to €62,966
- Reserves -€24,000
down €24,000 (-17.8%), from €134,960 to €110,960
of which Distributable reserves: -€24,000
- Tax, wage and social debts -€3,844
down €3,844 (-61.5%), from €6,253 to €2,409
- Turnover +€6,120
up €6,120 (+4.3%), from €142,725 to €148,845
- Gross operating margin +€6,046
up €6,046 (+11.3%), from €53,589 to €59,635
- Depreciation +€2,657
up €2,657 (+10.5%), from €25,275 to €27,932
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 | €186,846 | €188,661 | +€1,814 | +1.0% |
| Fixed assets | 21/28 | €47,138 | €65,923 | +€18,784 | +39.8% |
| Tangible fixed assets | 22/27 | €47,113 | €65,898 | +€18,784 | +39.9% |
| Furniture and vehicles | 24 | €15,417 | €56,554 | +€41,136 | +266.8% |
| Leasing and similar rights | 25 | €20,920 | - | -€20,920 | |
| Other tangible fixed assets | 26 | €10,776 | €9,344 | -€1,432 | -13.3% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €139,708 | €122,738 | -€16,970 | -12.1% |
| Amounts receivable within one year | 40/41 | €11,321 | €2,288 | -€9,033 | -79.8% |
| Trade receivables | 40 | €393 | - | -€393 | |
| Other amounts receivable | 41 | €10,928 | €2,288 | -€8,640 | -79.1% |
| Cash at bank and in hand | 54/58 | €124,313 | €115,556 | -€8,757 | -7.0% |
| Deferred charges and accrued income | 490/1 | €4,074 | €4,895 | +€821 | +20.2% |
| Total equity and liabilities | 10/49 | €186,846 | €188,661 | +€1,814 | +1.0% |
| Equity | 10/15 | €144,711 | €120,739 | -€23,972 | -16.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €134,960 | €110,960 | -€24,000 | -17.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €133,100 | €109,100 | -€24,000 | -18.0% |
| Profit (loss) carried forward | 14 | €3,551 | €3,579 | +€28 | +0.8% |
| Amounts payable | 17/49 | €42,135 | €67,921 | +€25,786 | +61.2% |
| Amounts payable within one year | 42/48 | €42,135 | €67,921 | +€25,786 | +61.2% |
| Trade debts | 44 | €2,558 | €2,547 | -€11 | -0.4% |
| Suppliers | 440/4 | €2,558 | €2,547 | -€11 | -0.4% |
| Taxes, remuneration and social security | 45 | €6,253 | €2,409 | -€3,844 | -61.5% |
| Taxes | 450/3 | €6,253 | €2,409 | -€3,844 | -61.5% |
| Other amounts payable | 47/48 | €33,325 | €62,966 | +€29,641 | +88.9% |
| Turnover | 70 | €142,725 | €148,845 | +€6,120 | +4.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €93,227 | €93,454 | +€227 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,275 | €27,932 | +€2,657 | +10.5% |
| Other operating charges | 640/8 | €2,064 | €2,937 | +€872 | +42.3% |
| Non-recurring operating charges | 66A | - | €348 | +€348 | |
| Gross operating margin | 9900 | €53,589 | €59,635 | +€6,046 | +11.3% |
| Operating profit (loss) | 9901 | €26,250 | €28,418 | +€2,168 | +8.3% |
| Financial income | 75/76B | €3 | €3 | +€1 | +24.8% |
| Recurring financial income | 75 | €3 | €3 | +€1 | +24.8% |
| Financial charges | 65/66B | €362 | €1,290 | +€929 | +256.8% |
| Recurring financial charges | 65 | €362 | €1,290 | +€929 | +256.8% |
| Profit (loss) for the period before taxes | 9903 | €25,891 | €27,131 | +€1,240 | +4.8% |
| Income taxes | 67/77 | €8,348 | €8,203 | -€145 | -1.7% |
| Profit (loss) for the period | 9904 | €17,543 | €18,928 | +€1,385 | +7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,543 | €18,928 | +€1,385 | +7.9% |
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 10 October 2026 via checked.be.