Loginam: 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.
Loginam
Largest movements
- Cash +€57,937
up €57,937 (+401.8%), from €14,420 to €72,357
mainly Trade debts (+€47,516) and Net result for the year (+€18,342)
- Receivables within one year -€3,385
down €3,385 (-2.5%), from €134,569 to €131,184
of which Trade receivables: -€8,929
- Trade debts +€47,516
up €47,516 (+230.9%), from €20,580 to €68,096
- Reserves +€18,342
up €18,342 (+21.1%), from €87,098 to €105,440
- Tax, wage and social debts -€11,307
down €11,307 (-33.7%), from €33,580 to €22,273
of which Taxes: -€10,458
- Gross operating margin -€34,684
down €34,684 (-12.9%), from €268,212 to €233,527
- Staff costs -€17,696
down €17,696 (-8.2%), from €215,082 to €197,386
- Taxes -€5,540
down €5,540 (-36.1%), from €15,334 to €9,794
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 | €151,257 | €205,809 | +€54,551 | +36.1% |
| Fixed assets | 21/28 | €2,268 | €2,268 | = | 0.0% |
| Financial fixed assets | 28 | €2,268 | €2,268 | = | 0.0% |
| Current assets | 29/58 | €148,989 | €203,541 | +€54,551 | +36.6% |
| Amounts receivable within one year | 40/41 | €134,569 | €131,184 | -€3,385 | -2.5% |
| Trade receivables | 40 | €129,894 | €120,965 | -€8,929 | -6.9% |
| Other amounts receivable | 41 | €4,675 | €10,219 | +€5,544 | +118.6% |
| Cash at bank and in hand | 54/58 | €14,420 | €72,357 | +€57,937 | +401.8% |
| Total equity and liabilities | 10/49 | €151,257 | €205,809 | +€54,551 | +36.1% |
| Equity | 10/15 | €97,098 | €115,440 | +€18,342 | +18.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €87,098 | €105,440 | +€18,342 | +21.1% |
| Distributable reserves | 133 | €87,098 | €105,440 | +€18,342 | +21.1% |
| Amounts payable | 17/49 | €54,160 | €90,369 | +€36,209 | +66.9% |
| Amounts payable within one year | 42/48 | €54,160 | €90,369 | +€36,209 | +66.9% |
| Trade debts | 44 | €20,580 | €68,096 | +€47,516 | +230.9% |
| Suppliers | 440/4 | €20,580 | €68,096 | +€47,516 | +230.9% |
| Taxes, remuneration and social security | 45 | €33,580 | €22,273 | -€11,307 | -33.7% |
| Taxes | 450/3 | €30,834 | €20,376 | -€10,458 | -33.9% |
| Remuneration and social security | 454/9 | €2,746 | €1,897 | -€849 | -30.9% |
| Remuneration, social security and pensions | 62 | €215,082 | €197,386 | -€17,696 | -8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €500 | +€500 | |
| Other operating charges | 640/8 | €6,883 | €6,936 | +€53 | +0.8% |
| Gross operating margin | 9900 | €268,212 | €233,527 | -€34,684 | -12.9% |
| Operating profit (loss) | 9901 | €46,246 | €28,705 | -€17,542 | -37.9% |
| Financial income | 75/76B | €30 | €43 | +€13 | +41.7% |
| Recurring financial income | 75 | €30 | €43 | +€13 | +41.7% |
| Financial charges | 65/66B | €610 | €612 | +€1 | +0.2% |
| Recurring financial charges | 65 | €610 | €612 | +€1 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €45,666 | €28,136 | -€17,531 | -38.4% |
| Income taxes | 67/77 | €15,334 | €9,794 | -€5,540 | -36.1% |
| Profit (loss) for the period | 9904 | €30,332 | €18,342 | -€11,990 | -39.5% |
| Profit (loss) for the period to be appropriated | 9905 | €30,332 | €18,342 | -€11,990 | -39.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.