LOGIKAM: 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.
LOGIKAM
Largest movements
- Tangible fixed assets -€10,800
down €10,800 (-1.5%), from €710,659 to €699,859
- Receivables within one year +€8,991
up €8,991 (+58.4%), from €15,406 to €24,397
of which Trade receivables: +€5,335
- Debts after one year -€49,564
down €49,564 (-13.2%), from €375,658 to €326,094
- Reserves +€22,032
up €22,032 (+10.8%), from €203,090 to €225,122
- Other debts +€17,749
up €17,749 (+56.9%), from €31,208 to €48,957
- Gross operating margin -€26,535
down €26,535 (-32.5%), from €81,617 to €55,082
- Taxes -€7,862
down €7,862 (-43.3%), from €18,144 to €10,282
- Financial charges -€2,149
down €2,149 (-20.4%), from €10,538 to €8,389
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 | €730,872 | €726,360 | -€4,511 | -0.6% |
| Fixed assets | 21/28 | €710,659 | €699,859 | -€10,800 | -1.5% |
| Tangible fixed assets | 22/27 | €710,659 | €699,859 | -€10,800 | -1.5% |
| Land and buildings | 22 | €710,659 | €699,859 | -€10,800 | -1.5% |
| Current assets | 29/58 | €20,213 | €26,502 | +€6,289 | +31.1% |
| Amounts receivable within one year | 40/41 | €15,406 | €24,397 | +€8,991 | +58.4% |
| Trade receivables | 40 | €13,255 | €18,590 | +€5,335 | +40.3% |
| Other amounts receivable | 41 | €2,151 | €5,807 | +€3,656 | +169.9% |
| Cash at bank and in hand | 54/58 | €2,889 | €114 | -€2,775 | -96.1% |
| Deferred charges and accrued income | 490/1 | €1,918 | €1,991 | +€73 | +3.8% |
| Total equity and liabilities | 10/49 | €730,872 | €726,360 | -€4,511 | -0.6% |
| Equity | 10/15 | €265,870 | €287,902 | +€22,032 | +8.3% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Revaluation surpluses | 12 | €50,280 | €50,280 | = | 0.0% |
| Reserves | 13 | €203,090 | €225,122 | +€22,032 | +10.8% |
| Distributable reserves | 133 | €203,090 | €225,122 | +€22,032 | +10.8% |
| Amounts payable | 17/49 | €465,001 | €438,458 | -€26,543 | -5.7% |
| Amounts payable after more than one year | 17 | €375,658 | €326,094 | -€49,564 | -13.2% |
| Financial debts | 170/4 | €375,658 | €326,094 | -€49,564 | -13.2% |
| Amounts payable within one year | 42/48 | €89,319 | €112,048 | +€22,730 | +25.4% |
| Current portion of amounts payable after more than one year | 42 | €48,778 | €49,515 | +€737 | +1.5% |
| Financial debts | 43 | €4,640 | €4,693 | +€53 | +1.1% |
| Credit institutions | 430/8 | €4,640 | €4,693 | +€53 | +1.1% |
| Trade debts | 44 | €240 | €4,110 | +€3,870 | +1610.5% |
| Suppliers | 440/4 | €240 | €4,110 | +€3,870 | +1610.5% |
| Taxes, remuneration and social security | 45 | €4,452 | €4,774 | +€321 | +7.2% |
| Taxes | 450/3 | €4,452 | €4,774 | +€321 | +7.2% |
| Other amounts payable | 47/48 | €31,208 | €48,957 | +€17,749 | +56.9% |
| Accrued charges and deferred income | 492/3 | €25 | €316 | +€291 | +1152.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,800 | €10,800 | = | 0.0% |
| Other operating charges | 640/8 | €3,480 | €3,579 | +€99 | +2.9% |
| Gross operating margin | 9900 | €81,617 | €55,082 | -€26,535 | -32.5% |
| Operating profit (loss) | 9901 | €67,338 | €40,703 | -€26,635 | -39.6% |
| Financial charges | 65/66B | €10,538 | €8,389 | -€2,149 | -20.4% |
| Recurring financial charges | 65 | €10,538 | €8,389 | -€2,149 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €56,799 | €32,314 | -€24,486 | -43.1% |
| Income taxes | 67/77 | €18,144 | €10,282 | -€7,862 | -43.3% |
| Profit (loss) for the period | 9904 | €38,655 | €22,032 | -€16,623 | -43.0% |
| Profit (loss) for the period to be appropriated | 9905 | €38,655 | €22,032 | -€16,623 | -43.0% |
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 11 October 2026 via checked.be.