Logis: 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.
Logis
Largest movements
- Tangible fixed assets -€65,129
down €65,129 (-10.2%), from €637,102 to €571,973
of which Other tangible fixed assets: -€41,289
- Cash +€39,391
up €39,391 (+5.8%), from €684,091 to €723,481
mainly Depreciation (+€144,769) and Tax, wage and social debts (+€91,863)
- Tax, wage and social debts +€91,863
up €91,863 (+65.0%), from €141,422 to €233,286
of which Remuneration and social security: +€61,489
- Trade debts -€54,389
down €54,389 (-41.8%), from €130,039 to €75,650
- Profit (loss) carried forward -€42,770
down €42,770 (-2.3%), from €1.9m to €1.8m
- Gross operating margin +€139,431
up €139,431 (+13.1%), from €1.1m to €1.2m
- Staff costs +€85,004
up €85,004 (+8.7%), from €975,616 to €1.1m
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 | €2,155,941 | €2,143,973 | -€11,968 | -0.6% |
| Fixed assets | 21/28 | €1,005,713 | €945,048 | -€60,664 | -6.0% |
| Intangible fixed assets | 21 | €18,611 | €23,075 | +€4,465 | +24.0% |
| Tangible fixed assets | 22/27 | €637,102 | €571,973 | -€65,129 | -10.2% |
| Land and buildings | 22 | €188,906 | €167,509 | -€21,397 | -11.3% |
| Plant, machinery and equipment | 23 | €3,548 | €1,128 | -€2,419 | -68.2% |
| Furniture and vehicles | 24 | €134,252 | €136,931 | +€2,679 | +2.0% |
| Leasing and similar rights | 25 | €2,702 | - | -€2,702 | |
| Other tangible fixed assets | 26 | €307,693 | €266,404 | -€41,289 | -13.4% |
| Financial fixed assets | 28 | €350,000 | €350,000 | = | 0.0% |
| Current assets | 29/58 | €1,150,229 | €1,198,925 | +€48,696 | +4.2% |
| Amounts receivable within one year | 40/41 | €418,469 | €410,177 | -€8,292 | -2.0% |
| Trade receivables | 40 | €409,605 | €404,240 | -€5,365 | -1.3% |
| Other amounts receivable | 41 | €8,864 | €5,937 | -€2,927 | -33.0% |
| Cash at bank and in hand | 54/58 | €684,091 | €723,481 | +€39,391 | +5.8% |
| Deferred charges and accrued income | 490/1 | €47,669 | €65,266 | +€17,597 | +36.9% |
| Total equity and liabilities | 10/49 | €2,155,941 | €2,143,973 | -€11,968 | -0.6% |
| Equity | 10/15 | €1,877,807 | €1,835,037 | -€42,770 | -2.3% |
| Profit (loss) carried forward | 14 | €1,877,807 | €1,835,037 | -€42,770 | -2.3% |
| Amounts payable | 17/49 | €278,134 | €308,936 | +€30,802 | +11.1% |
| Amounts payable within one year | 42/48 | €274,142 | €308,936 | +€34,794 | +12.7% |
| Current portion of amounts payable after more than one year | 42 | €2,680 | - | -€2,680 | |
| Trade debts | 44 | €130,039 | €75,650 | -€54,389 | -41.8% |
| Suppliers | 440/4 | €130,039 | €75,650 | -€54,389 | -41.8% |
| Taxes, remuneration and social security | 45 | €141,422 | €233,286 | +€91,863 | +65.0% |
| Taxes | 450/3 | €22,771 | €53,144 | +€30,374 | +133.4% |
| Remuneration and social security | 454/9 | €118,652 | €180,141 | +€61,489 | +51.8% |
| Accrued charges and deferred income | 492/3 | €3,993 | - | -€3,993 | |
| Non-recurring operating income | 76A | €14,596 | €1,500 | -€13,096 | -89.7% |
| Remuneration, social security and pensions | 62 | €975,616 | €1,060,619 | +€85,004 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €151,203 | €144,769 | -€6,434 | -4.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,016 | +€5,016 | |
| Other operating charges | 640/8 | €29,761 | €33,115 | +€3,354 | +11.3% |
| Non-recurring operating charges | 66A | €32,050 | €3,689 | -€28,362 | -88.5% |
| Gross operating margin | 9900 | €1,064,699 | €1,204,129 | +€139,431 | +13.1% |
| Operating profit (loss) | 9901 | -€123,931 | -€43,079 | +€80,852 | +65.2% |
| Financial income | 75/76B | €10,701 | €13,830 | +€3,129 | +29.2% |
| Recurring financial income | 75 | €10,701 | €13,830 | +€3,129 | +29.2% |
| Financial charges | 65/66B | €10,894 | €11,411 | +€517 | +4.7% |
| Recurring financial charges | 65 | €10,894 | €11,411 | +€517 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | -€124,124 | -€40,659 | +€83,465 | +67.2% |
| Income taxes | 67/77 | -€4,337 | €2,111 | +€6,448 | |
| Profit (loss) for the period | 9904 | -€119,787 | -€42,770 | +€77,017 | +64.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€119,787 | -€42,770 | +€77,017 | +64.3% |
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 10 October 2026 via checked.be.