LogiK 44: 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.
LogiK 44
Largest movements
- Tangible fixed assets +€106,647
up €106,647 (+15.6%), from €683,766 to €790,413
of which Land and buildings: +€89,735
- Financial fixed assets -€29,980
down €29,980 (-5.2%), from €573,156 to €543,176
- Debts after one year +€138,239
up €138,239 (+13.2%), from €1.0m to €1.2m
of which Financial debts: +€147,254
- Profit (loss) carried forward -€52,298
down €52,298 (-58.8%), from -€88,951 to -€141,249
- Gross operating margin -€82,116
down €82,116 (-67.1%), from €122,380 to €40,264
- Depreciation +€15,756
up €15,756 (+30.5%), from €51,743 to €67,499
- Financial charges -€7,310
down €7,310 (-35.3%), from €20,684 to €13,374
- Other operating charges +€3,935
up €3,935 (+51.7%), from €7,613 to €11,548
- Financial income -€1,390
down €1,390 (-82.9%), from €1,678 to €288
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 | €1,977,156 | €2,049,624 | +€72,468 | +3.7% |
| Formation expenses | 20 | €40,935 | €52,048 | +€11,113 | +27.1% |
| Fixed assets | 21/28 | €1,256,921 | €1,333,589 | +€76,667 | +6.1% |
| Tangible fixed assets | 22/27 | €683,766 | €790,413 | +€106,647 | +15.6% |
| Land and buildings | 22 | €681,010 | €770,746 | +€89,735 | +13.2% |
| Furniture and vehicles | 24 | €2,756 | €19,668 | +€16,912 | +613.7% |
| Financial fixed assets | 28 | €573,156 | €543,176 | -€29,980 | -5.2% |
| Current assets | 29/58 | €679,300 | €663,987 | -€15,312 | -2.3% |
| Stocks and contracts in progress | 3 | €394,239 | €394,239 | = | 0.0% |
| Stocks | 30/36 | €394,239 | €394,239 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €23,504 | €11,662 | -€11,842 | -50.4% |
| Trade receivables | 40 | €16,695 | €1,770 | -€14,925 | -89.4% |
| Other amounts receivable | 41 | €6,809 | €9,893 | +€3,084 | +45.3% |
| Current investments | 50/53 | €257,871 | €258,086 | +€215 | +0.1% |
| Cash at bank and in hand | 54/58 | €14 | - | -€14 | |
| Deferred charges and accrued income | 490/1 | €3,671 | - | -€3,671 | |
| Total equity and liabilities | 10/49 | €1,977,156 | €2,049,624 | +€72,468 | +3.7% |
| Equity | 10/15 | €751,049 | €699,179 | -€51,870 | -6.9% |
| Contributions | 10/11 | €647,757 | €647,757 | = | 0.0% |
| Reserves | 13 | €192,243 | €192,671 | +€428 | +0.2% |
| Non-distributable reserves | 130/1 | €192,243 | €192,671 | +€428 | +0.2% |
| Own shares acquired | 1312 | €192,243 | €192,671 | +€428 | +0.2% |
| Profit (loss) carried forward | 14 | -€88,951 | -€141,249 | -€52,298 | -58.8% |
| Amounts payable | 17/49 | €1,226,108 | €1,350,445 | +€124,338 | +10.1% |
| Amounts payable after more than one year | 17 | €1,044,571 | €1,182,810 | +€138,239 | +13.2% |
| Financial debts | 170/4 | €926,556 | €1,073,810 | +€147,254 | +15.9% |
| Trade debts | 175 | €118,015 | €109,000 | -€9,015 | -7.6% |
| Amounts payable within one year | 42/48 | €116,122 | €102,220 | -€13,902 | -12.0% |
| Current portion of amounts payable after more than one year | 42 | €24,008 | €23,509 | -€500 | -2.1% |
| Financial debts | 43 | €19,987 | €20,368 | +€381 | +1.9% |
| Credit institutions | 430/8 | €19,987 | €20,368 | +€381 | +1.9% |
| Trade debts | 44 | €67,391 | €51,847 | -€15,544 | -23.1% |
| Suppliers | 440/4 | €67,391 | €51,847 | -€15,544 | -23.1% |
| Taxes, remuneration and social security | 45 | €1,812 | €1,905 | +€92 | +5.1% |
| Taxes | 450/3 | €1,812 | €1,905 | +€92 | +5.1% |
| Other amounts payable | 47/48 | €2,923 | €4,592 | +€1,668 | +57.1% |
| Accrued charges and deferred income | 492/3 | €65,415 | €65,415 | = | 0.0% |
| Non-recurring operating income | 76A | - | €32,252 | +€32,252 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,743 | €67,499 | +€15,756 | +30.5% |
| Other operating charges | 640/8 | €7,613 | €11,548 | +€3,935 | +51.7% |
| Gross operating margin | 9900 | €122,380 | €40,264 | -€82,116 | -67.1% |
| Operating profit (loss) | 9901 | €63,024 | -€38,783 | -€101,807 | |
| Financial income | 75/76B | €1,678 | €288 | -€1,390 | -82.9% |
| Recurring financial income | 75 | €1,678 | €288 | -€1,390 | -82.9% |
| Financial charges | 65/66B | €20,684 | €13,374 | -€7,310 | -35.3% |
| Recurring financial charges | 65 | €20,684 | €13,374 | -€7,310 | -35.3% |
| Profit (loss) for the period before taxes | 9903 | €44,017 | -€51,870 | -€95,887 | |
| Profit (loss) for the period | 9904 | €44,017 | -€51,870 | -€95,887 | |
| Profit (loss) for the period to be appropriated | 9905 | €44,017 | -€51,870 | -€95,887 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.