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
- Cash -€30,793
down €30,793 (-13.5%), from €228,157 to €197,363
mainly Net result for the year (-€45,314) and Current portion of long-term debt (-€5,504)
- Tangible fixed assets -€10,215
down €10,215 (-59.5%), from €17,160 to €6,944
of which Leasing and similar rights: -€9,716
- Receivables within one year -€3,529
down €3,529 (-89.8%), from €3,930 to €402
of which Trade receivables: -€3,637
- Profit (loss) carried forward -€45,314
down €45,314 (-55.2%), from -€82,063 to -€127,377
- Other debts +€11,735
up €11,735 (+18.6%), from €62,963 to €74,698
- Current portion of long-term debt -€5,504
down €5,504 (-57.9%), from €9,502 to €3,999
- Debts after one year -€3,999
no longer reported in 2025 (was €3,999)
- Gross operating margin +€10,911
up €10,911 (+25.5%), from -€42,761 to -€31,849
- Write-downs +€1,182
new in 2025: €1,182
- Financial income +€490
up €490 (+61.9%), from €792 to €1,283
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 | €252,937 | €208,078 | -€44,859 | -17.7% |
| Fixed assets | 21/28 | €17,234 | €6,944 | -€10,290 | -59.7% |
| Tangible fixed assets | 22/27 | €17,160 | €6,944 | -€10,215 | -59.5% |
| Plant, machinery and equipment | 23 | €1,700 | €1,700 | = | 0.0% |
| Furniture and vehicles | 24 | €1,041 | €542 | -€499 | -47.9% |
| Leasing and similar rights | 25 | €14,418 | €4,702 | -€9,716 | -67.4% |
| Financial fixed assets | 28 | €74 | - | -€74 | |
| Current assets | 29/58 | €235,703 | €201,134 | -€34,569 | -14.7% |
| Amounts receivable within one year | 40/41 | €3,930 | €402 | -€3,529 | -89.8% |
| Trade receivables | 40 | €3,637 | - | -€3,637 | |
| Other amounts receivable | 41 | €293 | €402 | +€108 | +36.9% |
| Cash at bank and in hand | 54/58 | €228,157 | €197,363 | -€30,793 | -13.5% |
| Deferred charges and accrued income | 490/1 | €3,616 | €3,369 | -€247 | -6.8% |
| Total equity and liabilities | 10/49 | €252,937 | €208,078 | -€44,859 | -17.7% |
| Equity | 10/15 | €174,448 | €129,134 | -€45,314 | -26.0% |
| Contributions | 10/11 | €216,817 | €216,817 | = | 0.0% |
| Reserves | 13 | €39,694 | €39,694 | = | 0.0% |
| Distributable reserves | 133 | €39,694 | €39,694 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,063 | -€127,377 | -€45,314 | -55.2% |
| Amounts payable | 17/49 | €78,489 | €78,944 | +€455 | +0.6% |
| Amounts payable after more than one year | 17 | €3,999 | - | -€3,999 | |
| Financial debts | 170/4 | €3,999 | - | -€3,999 | |
| Amounts payable within one year | 42/48 | €74,491 | €78,944 | +€4,454 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €9,502 | €3,999 | -€5,504 | -57.9% |
| Trade debts | 44 | €1,854 | €248 | -€1,606 | -86.6% |
| Suppliers | 440/4 | €1,854 | €248 | -€1,606 | -86.6% |
| Taxes, remuneration and social security | 45 | €172 | - | -€172 | |
| Taxes | 450/3 | €172 | - | -€172 | |
| Other amounts payable | 47/48 | €62,963 | €74,698 | +€11,735 | +18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,945 | €10,215 | +€270 | +2.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,182 | +€1,182 | |
| Other operating charges | 640/8 | €2,265 | €2,651 | +€386 | +17.0% |
| Gross operating margin | 9900 | -€42,761 | -€31,849 | +€10,911 | +25.5% |
| Operating profit (loss) | 9901 | -€54,971 | -€45,898 | +€9,073 | +16.5% |
| Financial income | 75/76B | €792 | €1,283 | +€490 | +61.9% |
| Recurring financial income | 75 | €792 | €1,283 | +€490 | +61.9% |
| Financial charges | 65/66B | €470 | €330 | -€140 | -29.8% |
| Recurring financial charges | 65 | €470 | €330 | -€140 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | -€54,649 | -€44,945 | +€9,704 | +17.8% |
| Income taxes | 67/77 | €379 | €369 | -€10 | -2.7% |
| Profit (loss) for the period | 9904 | -€55,028 | -€45,314 | +€9,714 | +17.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€55,028 | -€45,314 | +€9,714 | +17.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.