LOGIS-BeL: 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.
LOGIS-BeL
Largest movements
- Stocks and contracts -€1.4m
down €1.4m (-26.1%), from €5.3m to €3.9m
- Receivables within one year -€365,150
down €365,150 (-69.8%), from €523,274 to €158,124
of which Other amounts receivable: -€361,264
- Other debts -€2.0m
down €2.0m (-35.2%), from €5.7m to €3.7m
- Profit (loss) carried forward +€238,158
up €238,158 (+79.7%), from -€298,801 to -€60,644
- Tax, wage and social debts +€100,421
up €100,421 (+121.2%), from €82,834 to €183,255
- Financial charges -€102,460
down €102,460 (-40.8%), from €251,108 to €148,649
- Gross operating margin +€82,347
up €82,347 (+26.1%), from €315,492 to €397,839
- Other operating charges +€11,473
new in 2025: €11,473
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 | €5,875,775 | €4,172,969 | -€1.7m | -29.0% |
| Current assets | 29/58 | €5,875,775 | €4,172,969 | -€1.7m | -29.0% |
| Stocks and contracts in progress | 3 | €5,335,101 | €3,942,646 | -€1.4m | -26.1% |
| Stocks | 30/36 | €5,335,101 | €3,942,646 | -€1.4m | -26.1% |
| Amounts receivable within one year | 40/41 | €523,274 | €158,124 | -€365,150 | -69.8% |
| Trade receivables | 40 | €19,980 | €16,094 | -€3,887 | -19.5% |
| Other amounts receivable | 41 | €503,294 | €142,030 | -€361,264 | -71.8% |
| Cash at bank and in hand | 54/58 | €17,399 | €47,026 | +€29,627 | +170.3% |
| Deferred charges and accrued income | 490/1 | - | €25,173 | +€25,173 | |
| Total equity and liabilities | 10/49 | €5,875,775 | €4,172,969 | -€1.7m | -29.0% |
| Equity | 10/15 | €73,386 | €311,544 | +€238,158 | +324.5% |
| Contributions | 10/11 | €15,328 | €15,328 | = | 0.0% |
| Reserves | 13 | €356,860 | €356,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €31,000 | €31,000 | = | 0.0% |
| Distributable reserves | 133 | €324,000 | €324,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€298,801 | -€60,644 | +€238,158 | +79.7% |
| Amounts payable | 17/49 | €5,802,388 | €3,861,425 | -€1.9m | -33.5% |
| Amounts payable within one year | 42/48 | €5,799,121 | €3,861,375 | -€1.9m | -33.4% |
| Trade debts | 44 | €48,985 | €6,754 | -€42,230 | -86.2% |
| Suppliers | 440/4 | €48,985 | €6,754 | -€42,230 | -86.2% |
| Advances received on contracts in progress | 46 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | €82,834 | €183,255 | +€100,421 | +121.2% |
| Taxes | 450/3 | €82,834 | €183,255 | +€100,421 | +121.2% |
| Other amounts payable | 47/48 | €5,667,303 | €3,671,366 | -€2.0m | -35.2% |
| Accrued charges and deferred income | 492/3 | €3,267 | €50 | -€3,217 | -98.5% |
| Turnover | 70 | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Other operating charges | 640/8 | - | €11,473 | +€11,473 | |
| Gross operating margin | 9900 | €315,492 | €397,839 | +€82,347 | +26.1% |
| Operating profit (loss) | 9901 | €315,492 | €386,366 | +€70,874 | +22.5% |
| Financial income | 75/76B | €0 | €440 | +€440 | +550437.5% |
| Recurring financial income | 75 | €0 | €440 | +€440 | +550437.5% |
| Financial charges | 65/66B | €251,108 | €148,649 | -€102,460 | -40.8% |
| Recurring financial charges | 65 | €251,108 | €148,649 | -€102,460 | -40.8% |
| Profit (loss) for the period before taxes | 9903 | €64,384 | €238,158 | +€173,774 | +269.9% |
| Income taxes | 67/77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | €64,384 | €238,158 | +€173,774 | +269.9% |
| Profit (loss) for the period to be appropriated | 9905 | €64,384 | €238,158 | +€173,774 | +269.9% |
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.