LOGIFRU: 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.
LOGIFRU
Largest movements
- Receivables within one year -€109,016
down €109,016 (-31.3%), from €348,084 to €239,069
of which Trade receivables: -€103,917
- Cash -€43,928
down €43,928 (-13.7%), from €319,938 to €276,010
mainly Investment in fixed assets (net) (-€114,902) and Debts after one year (-€111,325)
- Tangible fixed assets +€34,338
up €34,338 (+4.2%), from €816,507 to €850,845
of which Plant, machinery and equipment: +€32,049
- Debts after one year -€111,325
down €111,325 (-21.0%), from €529,923 to €418,598
of which Financial debts: -€111,325
- Reserves +€20,018
up €20,018 (+3.4%), from €580,629 to €600,647
- Trade debts -€16,558
down €16,558 (-8.7%), from €191,322 to €174,764
- Gross operating margin -€181,992
down €181,992 (-60.8%), from €299,097 to €117,105
- Depreciation -€48,600
down €48,600 (-37.6%), from €129,164 to €80,564
- Taxes -€36,733
down €36,733 (-92.8%), from €39,595 to €2,862
- Financial income -€7,435
down €7,435 (-79.9%), from €9,302 to €1,866
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,487,259 | €1,366,295 | -€120,964 | -8.1% |
| Fixed assets | 21/28 | €816,878 | €851,217 | +€34,338 | +4.2% |
| Tangible fixed assets | 22/27 | €816,507 | €850,845 | +€34,338 | +4.2% |
| Land and buildings | 22 | €773,461 | €775,750 | +€2,289 | +0.3% |
| Plant, machinery and equipment | 23 | €43,046 | €75,095 | +€32,049 | +74.5% |
| Financial fixed assets | 28 | €372 | €372 | = | 0.0% |
| Current assets | 29/58 | €670,381 | €515,078 | -€155,303 | -23.2% |
| Amounts receivable within one year | 40/41 | €348,084 | €239,069 | -€109,016 | -31.3% |
| Trade receivables | 40 | €328,986 | €225,069 | -€103,917 | -31.6% |
| Other amounts receivable | 41 | €19,098 | €14,000 | -€5,098 | -26.7% |
| Cash at bank and in hand | 54/58 | €319,938 | €276,010 | -€43,928 | -13.7% |
| Deferred charges and accrued income | 490/1 | €2,359 | €0 | -€2,359 | -100.0% |
| Total equity and liabilities | 10/49 | €1,487,259 | €1,366,295 | -€120,964 | -8.1% |
| Equity | 10/15 | €623,127 | €641,282 | +€18,155 | +2.9% |
| Contributions | 10/11 | €6,600 | €6,600 | = | 0.0% |
| Reserves | 13 | €580,629 | €600,647 | +€20,018 | +3.4% |
| Distributable reserves | 133 | €580,629 | €600,647 | +€20,018 | +3.4% |
| Investment grants | 15 | €35,898 | €34,035 | -€1,863 | -5.2% |
| Amounts payable | 17/49 | €864,133 | €725,013 | -€139,120 | -16.1% |
| Amounts payable after more than one year | 17 | €529,923 | €418,598 | -€111,325 | -21.0% |
| Financial debts | 170/4 | €490,869 | €379,543 | -€111,325 | -22.7% |
| Other amounts payable | 178/9 | €39,055 | €39,055 | = | 0.0% |
| Amounts payable within one year | 42/48 | €333,841 | €306,415 | -€27,426 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €109,242 | €111,325 | +€2,084 | +1.9% |
| Trade debts | 44 | €191,322 | €174,764 | -€16,558 | -8.7% |
| Suppliers | 440/4 | €191,322 | €174,764 | -€16,558 | -8.7% |
| Taxes, remuneration and social security | 45 | €33,228 | €20,276 | -€12,952 | -39.0% |
| Taxes | 450/3 | €32,546 | €19,595 | -€12,952 | -39.8% |
| Remuneration and social security | 454/9 | €681 | €681 | = | 0.0% |
| Other amounts payable | 47/48 | €50 | €50 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €368 | €0 | -€368 | -100.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129,164 | €80,564 | -€48,600 | -37.6% |
| Other operating charges | 640/8 | €4,782 | €4,733 | -€49 | -1.0% |
| Gross operating margin | 9900 | €299,097 | €117,105 | -€181,992 | -60.8% |
| Operating profit (loss) | 9901 | €165,151 | €31,808 | -€133,343 | -80.7% |
| Financial income | 75/76B | €9,302 | €1,866 | -€7,435 | -79.9% |
| Recurring financial income | 75 | €9,302 | €1,866 | -€7,435 | -79.9% |
| Financial charges | 65/66B | €12,570 | €10,794 | -€1,776 | -14.1% |
| Recurring financial charges | 65 | €12,570 | €10,794 | -€1,776 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €161,882 | €22,880 | -€139,002 | -85.9% |
| Income taxes | 67/77 | €39,595 | €2,862 | -€36,733 | -92.8% |
| Profit (loss) for the period | 9904 | €122,288 | €20,018 | -€102,270 | -83.6% |
| Profit (loss) for the period to be appropriated | 9905 | €122,288 | €20,018 | -€102,270 | -83.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.