LOGISCH: 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.
LOGISCH
Largest movements
- Tangible fixed assets -€248,420
down €248,420 (-35.3%), from €704,190 to €455,770
of which Land and buildings: -€245,678
- Cash +€113,847
up €113,847 (+130.1%), from €87,477 to €201,324
mainly Investment in fixed assets (net) (+€221,773) and Depreciation (+€32,647)
- Receivables within one year -€24,899
down €24,899 (-15.8%), from €157,995 to €133,096
of which Trade receivables: -€138,817
- Other debts -€114,933
down €114,933 (-61.4%), from €187,131 to €72,198
- Trade debts -€43,654
down €43,654 (-79.5%), from €54,903 to €11,249
- Tax, wage and social debts -€36,272
down €36,272 (-64.8%), from €55,972 to €19,700
of which Taxes: -€36,272
- Reserves +€29,336
up €29,336 (+4.4%), from €661,207 to €690,543
- Gross operating margin -€149,067
down €149,067, from €84,257 to -€64,810
- Financial income -€57,590
down €57,590 (-27.5%), from €209,076 to €151,486
- Taxes -€21,597
down €21,597 (-88.0%), from €24,531 to €2,934
- Depreciation -€17,187
down €17,187 (-34.5%), from €49,833 to €32,647
- Financial charges -€4,648
down €4,648 (-67.9%), from €6,850 to €2,202
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 | €965,713 | €800,190 | -€165,523 | -17.1% |
| Fixed assets | 21/28 | €720,190 | €465,770 | -€254,420 | -35.3% |
| Intangible fixed assets | 21 | €6,000 | €0 | -€6,000 | -100.0% |
| Tangible fixed assets | 22/27 | €704,190 | €455,770 | -€248,420 | -35.3% |
| Land and buildings | 22 | €695,802 | €450,124 | -€245,678 | -35.3% |
| Plant, machinery and equipment | 23 | €6,273 | €5,309 | -€964 | -15.4% |
| Furniture and vehicles | 24 | €2,114 | €336 | -€1,778 | -84.1% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €245,524 | €334,421 | +€88,897 | +36.2% |
| Amounts receivable within one year | 40/41 | €157,995 | €133,096 | -€24,899 | -15.8% |
| Trade receivables | 40 | €156,278 | €17,461 | -€138,817 | -88.8% |
| Other amounts receivable | 41 | €1,717 | €115,635 | +€113,918 | +6634.0% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €87,477 | €201,324 | +€113,847 | +130.1% |
| Deferred charges and accrued income | 490/1 | €51 | €0 | -€51 | -100.0% |
| Total equity and liabilities | 10/49 | €965,713 | €800,190 | -€165,523 | -17.1% |
| Equity | 10/15 | €667,707 | €697,043 | +€29,336 | +4.4% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €661,207 | €690,543 | +€29,336 | +4.4% |
| Distributable reserves | 133 | €661,207 | €690,543 | +€29,336 | +4.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €298,006 | €103,147 | -€194,860 | -65.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €298,006 | €103,147 | -€194,860 | -65.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €54,903 | €11,249 | -€43,654 | -79.5% |
| Suppliers | 440/4 | €54,903 | €11,249 | -€43,654 | -79.5% |
| Taxes, remuneration and social security | 45 | €55,972 | €19,700 | -€36,272 | -64.8% |
| Taxes | 450/3 | €55,494 | €19,221 | -€36,272 | -65.4% |
| Remuneration and social security | 454/9 | €478 | €478 | = | 0.0% |
| Other amounts payable | 47/48 | €187,131 | €72,198 | -€114,933 | -61.4% |
| Non-recurring operating income | 76A | €3,000 | €10,201 | +€7,201 | +240.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,833 | €32,647 | -€17,187 | -34.5% |
| Other operating charges | 640/8 | €3,870 | €6,386 | +€2,516 | +65.0% |
| Non-recurring operating charges | 66A | €2,843 | €13,172 | +€10,329 | +363.3% |
| Gross operating margin | 9900 | €84,257 | -€64,810 | -€149,067 | |
| Operating profit (loss) | 9901 | €27,711 | -€117,014 | -€144,726 | |
| Financial income | 75/76B | €209,076 | €151,486 | -€57,590 | -27.5% |
| Recurring financial income | 75 | €209,076 | €151,486 | -€57,590 | -27.5% |
| Financial charges | 65/66B | €6,850 | €2,202 | -€4,648 | -67.9% |
| Recurring financial charges | 65 | €6,850 | €2,202 | -€4,648 | -67.9% |
| Profit (loss) for the period before taxes | 9903 | €229,938 | €32,270 | -€197,668 | -86.0% |
| Income taxes | 67/77 | €24,531 | €2,934 | -€21,597 | -88.0% |
| Profit (loss) for the period | 9904 | €205,407 | €29,336 | -€176,071 | -85.7% |
| Profit (loss) for the period to be appropriated | 9905 | €205,407 | €29,336 | -€176,071 | -85.7% |
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 6 October 2026 via checked.be.