Logicon: 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.
Logicon
Largest movements
- Receivables within one year +€394,545
up €394,545 (+457%), from €86,414 to €480,958
of which Trade receivables: +€299,545
- Cash -€60,559
down €60,559 (-75.4%), from €80,351 to €19,792
mainly Receivables within one year (-€394,545) and Contributions, distributions and other (-€200,000)
- Financial fixed assets +€30,335
up €30,335 (+453%), from €6,700 to €37,035
- Trade debts +€230,830
up €230,830 (+912%), from €25,312 to €256,142
- Tax, wage and social debts +€106,843
up €106,843 (+128%), from €83,680 to €190,523
of which Taxes: +€97,014
- Other debts +€34,216
new in 2025: €34,216
- Gross operating margin +€186,098
up €186,098 (+87.6%), from €212,436 to €398,533
- Staff costs +€54,936
up €54,936 (+121%), from €45,526 to €100,462
- Taxes +€35,000
up €35,000 (+113%), from €31,000 to €66,000
- Depreciation +€10,654
up €10,654 (+244%), from €4,370 to €15,024
- Financial charges +€7,727
up €7,727 (+14,947%), from €52 to €7,779
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 | €228,883 | €596,676 | +€367,794 | +161% |
| Fixed assets | 21/28 | €62,118 | €95,926 | +€33,808 | +54.4% |
| Tangible fixed assets | 22/27 | €55,418 | €58,891 | +€3,473 | +6.3% |
| Plant, machinery and equipment | 23 | €7,234 | €9,131 | +€1,898 | +26.2% |
| Furniture and vehicles | 24 | €48,184 | €49,759 | +€1,575 | +3.3% |
| Financial fixed assets | 28 | €6,700 | €37,035 | +€30,335 | +453% |
| Current assets | 29/58 | €166,765 | €500,751 | +€333,986 | +200% |
| Amounts receivable within one year | 40/41 | €86,414 | €480,958 | +€394,545 | +457% |
| Trade receivables | 40 | €86,414 | €385,958 | +€299,545 | +347% |
| Other amounts receivable | 41 | - | €95,000 | +€95,000 | |
| Cash at bank and in hand | 54/58 | €80,351 | €19,792 | -€60,559 | -75.4% |
| Total equity and liabilities | 10/49 | €228,883 | €596,676 | +€367,794 | +161% |
| Equity | 10/15 | €119,891 | €115,795 | -€4,096 | -3.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €116,891 | €112,795 | -€4,096 | -3.5% |
| Amounts payable | 17/49 | €108,992 | €480,881 | +€371,889 | +341% |
| Amounts payable within one year | 42/48 | €108,992 | €480,881 | +€371,889 | +341% |
| Trade debts | 44 | €25,312 | €256,142 | +€230,830 | +912% |
| Suppliers | 440/4 | €25,312 | €256,142 | +€230,830 | +912% |
| Taxes, remuneration and social security | 45 | €83,680 | €190,523 | +€106,843 | +128% |
| Taxes | 450/3 | €75,319 | €172,333 | +€97,014 | +129% |
| Remuneration and social security | 454/9 | €8,361 | €18,191 | +€9,830 | +118% |
| Other amounts payable | 47/48 | - | €34,216 | +€34,216 | |
| Remuneration, social security and pensions | 62 | €45,526 | €100,462 | +€54,936 | +121% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,370 | €15,024 | +€10,654 | +244% |
| Other operating charges | 640/8 | €14,598 | €13,364 | -€1,234 | -8.5% |
| Gross operating margin | 9900 | €212,436 | €398,533 | +€186,098 | +87.6% |
| Operating profit (loss) | 9901 | €147,943 | €269,683 | +€121,741 | +82.3% |
| Financial income | 75/76B | €0 | €0 | +€0 | +100% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +100% |
| Financial charges | 65/66B | €52 | €7,779 | +€7,727 | +14,947% |
| Recurring financial charges | 65 | €52 | €7,779 | +€7,727 | +14,947% |
| Profit (loss) for the period before taxes | 9903 | €147,891 | €261,904 | +€114,013 | +77.1% |
| Income taxes | 67/77 | €31,000 | €66,000 | +€35,000 | +113% |
| Profit (loss) for the period | 9904 | €116,891 | €195,904 | +€79,013 | +67.6% |
| Profit (loss) for the period to be appropriated | 9905 | €116,891 | €195,904 | +€79,013 | +67.6% |
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 13 October 2026 via checked.be.