LOGISART: 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.
LOGISART
Largest movements
- Cash -€22,853
down €22,853 (-5.8%), from €397,062 to €374,209
mainly Net result for the year (-€28,236) and Receivables within one year (-€1,178)
- Tangible fixed assets -€5,896
down €5,896 (-30.3%), from €19,464 to €13,568
- Profit (loss) carried forward -€28,236
down €28,236 (-61.1%), from €46,190 to €17,955
- Gross operating margin -€72,305
down €72,305, from €46,651 to -€25,655
- Taxes -€5,138
down €5,138 (-95.7%), from €5,366 to €229
- Financial income -€2,836
down €2,836 (-37.7%), from €7,525 to €4,689
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 | €477,297 | €449,499 | -€27,798 | -5.8% |
| Fixed assets | 21/28 | €19,514 | €13,618 | -€5,896 | -30.2% |
| Tangible fixed assets | 22/27 | €19,464 | €13,568 | -€5,896 | -30.3% |
| Furniture and vehicles | 24 | €19,464 | €13,568 | -€5,896 | -30.3% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €457,782 | €435,881 | -€21,902 | -4.8% |
| Stocks and contracts in progress | 3 | €60,000 | €60,000 | = | 0.0% |
| Stocks | 30/36 | €60,000 | €60,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €1,178 | +€1,178 | |
| Other amounts receivable | 41 | - | €1,178 | +€1,178 | |
| Cash at bank and in hand | 54/58 | €397,062 | €374,209 | -€22,853 | -5.8% |
| Deferred charges and accrued income | 490/1 | €720 | €494 | -€227 | -31.5% |
| Total equity and liabilities | 10/49 | €477,297 | €449,499 | -€27,798 | -5.8% |
| Equity | 10/15 | €470,968 | €442,733 | -€28,236 | -6.0% |
| Contributions | 10/11 | €284,421 | €284,421 | = | 0.0% |
| Reserves | 13 | €140,357 | €140,357 | = | 0.0% |
| Distributable reserves | 133 | €140,357 | €140,357 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,190 | €17,955 | -€28,236 | -61.1% |
| Amounts payable | 17/49 | €6,328 | €6,766 | +€438 | +6.9% |
| Amounts payable within one year | 42/48 | €3,333 | €3,678 | +€345 | +10.3% |
| Trade debts | 44 | €180 | €253 | +€72 | +40.0% |
| Suppliers | 440/4 | €180 | €253 | +€72 | +40.0% |
| Taxes, remuneration and social security | 45 | €3,109 | €3,369 | +€260 | +8.4% |
| Taxes | 450/3 | €3,109 | €3,369 | +€260 | +8.4% |
| Other amounts payable | 47/48 | €44 | €56 | +€13 | +28.7% |
| Accrued charges and deferred income | 492/3 | €2,995 | €3,088 | +€93 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,983 | €5,896 | -€87 | -1.5% |
| Other operating charges | 640/8 | €1,009 | €955 | -€54 | -5.3% |
| Gross operating margin | 9900 | €46,651 | -€25,655 | -€72,305 | |
| Operating profit (loss) | 9901 | €39,659 | -€32,505 | -€72,164 | |
| Financial income | 75/76B | €7,525 | €4,689 | -€2,836 | -37.7% |
| Recurring financial income | 75 | €7,525 | €4,689 | -€2,836 | -37.7% |
| Financial charges | 65/66B | €113 | €190 | +€77 | +68.7% |
| Recurring financial charges | 65 | €113 | €190 | +€77 | +68.7% |
| Profit (loss) for the period before taxes | 9903 | €47,071 | -€28,007 | -€75,078 | |
| Income taxes | 67/77 | €5,366 | €229 | -€5,138 | -95.7% |
| Profit (loss) for the period | 9904 | €41,705 | -€28,236 | -€69,940 | |
| Profit (loss) for the period to be appropriated | 9905 | €41,705 | -€28,236 | -€69,940 |
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 4 October 2026 via checked.be.