LOGIE: 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.
LOGIE
Largest movements
- Cash -€51,086
down €51,086 (-39.9%), from €127,946 to €76,860
mainly Contributions, distributions and other (-€64,000) and Receivables within one year (-€21,897)
- Tangible fixed assets -€24,894
down €24,894 (-12.2%), from €204,135 to €179,241
of which Furniture and vehicles: -€30,161
- Receivables within one year +€21,897
up €21,897 (+453%), from €4,837 to €26,734
of which Other amounts receivable: +€12,884
- Profit (loss) carried forward -€64,000
down €64,000 (-33.3%), from €192,388 to €128,388
- Other debts +€32,611
up €32,611 (+146%), from €22,389 to €55,000
- Tax, wage and social debts -€12,954
down €12,954 (-41.2%), from €31,439 to €18,485
- Debts after one year -€10,571
down €10,571 (-18.4%), from €57,513 to €46,942
- Trade debts -€4,052
down €4,052 (-87.6%), from €4,628 to €576
- Gross operating margin -€18,174
down €18,174 (-27.5%), from €66,019 to €47,845
- Other operating charges +€10,237
up €10,237 (+703%), from €1,457 to €11,694
- Financial charges +€8,822
up €8,822 (+15,502%), from €57 to €8,879
of which Non-recurring financial charges: +€7,041
- Depreciation -€6,352
down €6,352 (-25.7%), from €24,747 to €18,395
- Taxes +€5,698
new in 2025: €5,698
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 | €336,918 | €283,030 | -€53,888 | -16.0% |
| Fixed assets | 21/28 | €204,135 | €179,241 | -€24,894 | -12.2% |
| Tangible fixed assets | 22/27 | €204,135 | €179,241 | -€24,894 | -12.2% |
| Land and buildings | 22 | €164,884 | €153,183 | -€11,701 | -7.1% |
| Plant, machinery and equipment | 23 | €2,168 | €1,035 | -€1,133 | -52.2% |
| Furniture and vehicles | 24 | €37,084 | €6,923 | -€30,161 | -81.3% |
| Other tangible fixed assets | 26 | - | €18,100 | +€18,100 | |
| Current assets | 29/58 | €132,783 | €103,789 | -€28,994 | -21.8% |
| Amounts receivable within one year | 40/41 | €4,837 | €26,734 | +€21,897 | +453% |
| Trade receivables | 40 | €4,297 | €13,310 | +€9,013 | +210% |
| Other amounts receivable | 41 | €540 | €13,424 | +€12,884 | +2,384% |
| Cash at bank and in hand | 54/58 | €127,946 | €76,860 | -€51,086 | -39.9% |
| Deferred charges and accrued income | 490/1 | - | €195 | +€195 | |
| Total equity and liabilities | 10/49 | €336,918 | €283,030 | -€53,888 | -16.0% |
| Equity | 10/15 | €209,837 | €149,016 | -€60,821 | -29.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €11,248 | €14,428 | +€3,180 | +28.3% |
| 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 | €9,388 | €12,568 | +€3,180 | +33.9% |
| Profit (loss) carried forward | 14 | €192,388 | €128,388 | -€64,000 | -33.3% |
| Amounts payable | 17/49 | €127,081 | €134,014 | +€6,933 | +5.5% |
| Amounts payable after more than one year | 17 | €57,513 | €46,942 | -€10,571 | -18.4% |
| Financial debts | 170/4 | €57,513 | €46,942 | -€10,571 | -18.4% |
| Amounts payable within one year | 42/48 | €69,568 | €84,622 | +€15,054 | +21.6% |
| Current portion of amounts payable after more than one year | 42 | €11,112 | €10,561 | -€551 | -5.0% |
| Trade debts | 44 | €4,628 | €576 | -€4,052 | -87.6% |
| Suppliers | 440/4 | €4,628 | €576 | -€4,052 | -87.6% |
| Taxes, remuneration and social security | 45 | €31,439 | €18,485 | -€12,954 | -41.2% |
| Taxes | 450/3 | €31,439 | €18,485 | -€12,954 | -41.2% |
| Other amounts payable | 47/48 | €22,389 | €55,000 | +€32,611 | +146% |
| Accrued charges and deferred income | 492/3 | - | €2,450 | +€2,450 | |
| Non-recurring operating income | 76A | - | €1,370 | +€1,370 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,747 | €18,395 | -€6,352 | -25.7% |
| Other operating charges | 640/8 | €1,457 | €11,694 | +€10,237 | +703% |
| Gross operating margin | 9900 | €66,019 | €47,845 | -€18,174 | -27.5% |
| Operating profit (loss) | 9901 | €39,815 | €17,756 | -€22,059 | -55.4% |
| Financial charges | 65/66B | €57 | €8,879 | +€8,822 | +15,502% |
| Recurring financial charges | 65 | €57 | €1,838 | +€1,781 | +3,130% |
| Non-recurring financial charges | 66B | - | €7,041 | +€7,041 | |
| Profit (loss) for the period before taxes | 9903 | €39,758 | €8,877 | -€30,881 | -77.7% |
| Income taxes | 67/77 | - | €5,698 | +€5,698 | |
| Profit (loss) for the period | 9904 | €39,758 | €3,179 | -€36,579 | -92.0% |
| Profit (loss) for the period to be appropriated | 9905 | €39,758 | €3,179 | -€36,579 | -92.0% |
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 27 October 2026 via checked.be.