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 +€165,972
up €165,972 (+214.7%), from €77,309 to €243,281
mainly Current investments (+€100,000) and Receivables within one year (+€92,616)
- Current investments -€100,000
down €100,000 (-66.7%), from €150,000 to €50,000
- Receivables within one year -€92,616
down €92,616 (-21.8%), from €425,641 to €333,025
of which Trade receivables: -€81,153
- Tangible fixed assets -€30,271
down €30,271 (-13.1%), from €230,716 to €200,446
- Deferred charges and accrued income +€15,413
up €15,413 (+55.2%), from €27,897 to €43,309
- Tax, wage and social debts -€25,517
down €25,517 (-14.0%), from €182,594 to €157,077
of which Remuneration and social security: -€13,126
- Profit (loss) carried forward +€25,433
up €25,433 (+12.7%), from €201,026 to €226,459
- Accrued charges and deferred income -€12,837
no longer reported in 2025 (was €12,837)
- Staff costs -€125,417
down €125,417 (-15.9%), from €789,425 to €664,008
- Gross operating margin +€76,018
up €76,018 (+10.4%), from €730,363 to €806,381
- Other operating charges -€31,575
down €31,575 (-74.2%), from €42,531 to €10,956
- Taxes +€14,085
up €14,085 (+2562.7%), from €550 to €14,634
- Financial charges +€8,650
up €8,650 (+35.1%), from €24,629 to €33,279
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 | €919,422 | €888,433 | -€30,988 | -3.4% |
| Fixed assets | 21/28 | €238,575 | €218,818 | -€19,757 | -8.3% |
| Intangible fixed assets | 21 | €7,859 | €18,372 | +€10,514 | +133.8% |
| Tangible fixed assets | 22/27 | €230,716 | €200,446 | -€30,271 | -13.1% |
| Land and buildings | 22 | €3,569 | €2,869 | -€700 | -19.6% |
| Plant, machinery and equipment | 23 | €5 | - | -€5 | |
| Furniture and vehicles | 24 | €127,054 | €118,323 | -€8,731 | -6.9% |
| Leasing and similar rights | 25 | €7,229 | - | -€7,229 | |
| Other tangible fixed assets | 26 | €92,859 | €79,253 | -€13,606 | -14.7% |
| Current assets | 29/58 | €680,847 | €669,615 | -€11,232 | -1.6% |
| Amounts receivable within one year | 40/41 | €425,641 | €333,025 | -€92,616 | -21.8% |
| Trade receivables | 40 | €403,846 | €322,693 | -€81,153 | -20.1% |
| Other amounts receivable | 41 | €21,795 | €10,332 | -€11,463 | -52.6% |
| Current investments | 50/53 | €150,000 | €50,000 | -€100,000 | -66.7% |
| Cash at bank and in hand | 54/58 | €77,309 | €243,281 | +€165,972 | +214.7% |
| Deferred charges and accrued income | 490/1 | €27,897 | €43,309 | +€15,413 | +55.2% |
| Total equity and liabilities | 10/49 | €919,422 | €888,433 | -€30,988 | -3.4% |
| Equity | 10/15 | €559,140 | €584,574 | +€25,433 | +4.5% |
| Contributions | 10/11 | €350,000 | €350,000 | = | 0.0% |
| Reserves | 13 | €8,115 | €8,115 | = | 0.0% |
| Distributable reserves | 133 | €8,115 | €8,115 | = | 0.0% |
| Profit (loss) carried forward | 14 | €201,026 | €226,459 | +€25,433 | +12.7% |
| Amounts payable | 17/49 | €360,281 | €303,860 | -€56,421 | -15.7% |
| Amounts payable within one year | 42/48 | €347,445 | €303,860 | -€43,585 | -12.5% |
| Current portion of amounts payable after more than one year | 42 | €7,358 | - | -€7,358 | |
| Trade debts | 44 | €152,896 | €145,615 | -€7,281 | -4.8% |
| Suppliers | 440/4 | €152,896 | €145,615 | -€7,281 | -4.8% |
| Taxes, remuneration and social security | 45 | €182,594 | €157,077 | -€25,517 | -14.0% |
| Taxes | 450/3 | €76,114 | €63,722 | -€12,392 | -16.3% |
| Remuneration and social security | 454/9 | €106,481 | €93,355 | -€13,126 | -12.3% |
| Other amounts payable | 47/48 | €4,596 | €1,168 | -€3,428 | -74.6% |
| Accrued charges and deferred income | 492/3 | €12,837 | - | -€12,837 | |
| Non-recurring operating income | 76A | €10,509 | €4,839 | -€5,671 | -54.0% |
| Remuneration, social security and pensions | 62 | €789,425 | €664,008 | -€125,417 | -15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,719 | €59,340 | -€2,379 | -3.9% |
| Other operating charges | 640/8 | €42,531 | €10,956 | -€31,575 | -74.2% |
| Non-recurring operating charges | 66A | €3,403 | €131 | -€3,272 | -96.2% |
| Gross operating margin | 9900 | €730,363 | €806,381 | +€76,018 | +10.4% |
| Operating profit (loss) | 9901 | -€166,714 | €71,946 | +€238,661 | |
| Financial income | 75/76B | €4,857 | €1,400 | -€3,457 | -71.2% |
| Recurring financial income | 75 | €4,857 | €1,400 | -€3,457 | -71.2% |
| Financial charges | 65/66B | €24,629 | €33,279 | +€8,650 | +35.1% |
| Recurring financial charges | 65 | €24,629 | €33,279 | +€8,650 | +35.1% |
| Profit (loss) for the period before taxes | 9903 | -€186,486 | €40,068 | +€226,554 | |
| Income taxes | 67/77 | €550 | €14,634 | +€14,085 | +2562.7% |
| Profit (loss) for the period | 9904 | -€187,036 | €25,433 | +€212,469 | |
| Profit (loss) for the period to be appropriated | 9905 | -€187,036 | €25,433 | +€212,469 |
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 12 October 2026 via checked.be.