LOGIT ONE: 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.
LOGIT ONE
Largest movements
- Receivables within one year +€2.9m
up €2.9m (+296.1%), from €979,343 to €3.9m
of which Trade receivables: +€2.9m
- Intangible fixed assets -€2.5m
no longer reported in 2025 (was €2.5m)
- Cash +€114,600
up €114,600 (+108.4%), from €105,693 to €220,293
mainly Investment in fixed assets (net) (+€2.5m) and Debts after one year (+€1.2m)
- Debts after one year +€1.2m
up €1.2m (+20.3%), from €5.9m to €7.1m
of which Financial debts: +€7.1m
- Profit (loss) carried forward -€838,321
down €838,321 (-20.5%), from -€4.1m to -€4.9m
- Accrued charges and deferred income +€221,492
up €221,492 (+46.5%), from €476,320 to €697,812
- Depreciation -€673,827
down €673,827 (-99.9%), from €674,202 to €375
- Gross operating margin -€666,790
down €666,790, from €108,764 to -€558,026
- Financial charges -€20,691
down €20,691 (-7.0%), from €297,154 to €276,464
- Write-downs -€13,207
down €13,207 (-61.7%), from €21,413 to €8,206
- Financial income -€10,100
down €10,100 (-60.6%), from €16,671 to €6,571
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 | €4,246,146 | €4,786,540 | +€540,394 | +12.7% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €3,120,280 | €623,800 | -€2.5m | -80.0% |
| Intangible fixed assets | 21 | €2,496,105 | - | -€2.5m | |
| Tangible fixed assets | 22/27 | €375 | - | -€375 | |
| Furniture and vehicles | 24 | €375 | - | -€375 | |
| Financial fixed assets | 28 | €623,800 | €623,800 | = | 0.0% |
| Current assets | 29/58 | €1,125,867 | €4,162,740 | +€3.0m | +269.7% |
| Amounts receivable within one year | 40/41 | €979,343 | €3,878,849 | +€2.9m | +296.1% |
| Trade receivables | 40 | €958,404 | €3,875,826 | +€2.9m | +304.4% |
| Other amounts receivable | 41 | €20,939 | €3,023 | -€17,916 | -85.6% |
| Cash at bank and in hand | 54/58 | €105,693 | €220,293 | +€114,600 | +108.4% |
| Deferred charges and accrued income | 490/1 | €40,831 | €63,598 | +€22,767 | +55.8% |
| Total equity and liabilities | 10/49 | €4,246,146 | €4,786,540 | +€540,394 | +12.7% |
| Equity | 10/15 | -€2,256,288 | -€3,094,609 | -€838,321 | -37.2% |
| Contributions | 10/11 | €1,204,700 | €1,204,700 | = | 0.0% |
| Capital | 10 | €1,204,700 | €1,204,700 | = | 0.0% |
| Issued capital | 100 | €1,204,700 | €1,204,700 | = | 0.0% |
| Revaluation surpluses | 12 | €615,799 | €615,799 | = | 0.0% |
| Reserves | 13 | €2,725 | €2,725 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,725 | €2,725 | = | 0.0% |
| Legal reserve | 130 | €2,725 | €2,725 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,079,512 | -€4,917,833 | -€838,321 | -20.5% |
| Amounts payable | 17/49 | €6,502,434 | €7,881,149 | +€1.4m | +21.2% |
| Amounts payable after more than one year | 17 | €5,919,784 | €7,119,784 | +€1.2m | +20.3% |
| Financial debts | 170/4 | - | €7,119,784 | +€7.1m | |
| Other amounts payable | 178/9 | €5,919,784 | - | -€5.9m | |
| Amounts payable within one year | 42/48 | €106,330 | €63,553 | -€42,777 | -40.2% |
| Trade debts | 44 | €85,598 | €63,553 | -€22,045 | -25.8% |
| Suppliers | 440/4 | €85,598 | €63,553 | -€22,045 | -25.8% |
| Taxes, remuneration and social security | 45 | €20,733 | - | -€20,733 | |
| Taxes | 450/3 | €20,733 | - | -€20,733 | |
| Accrued charges and deferred income | 492/3 | €476,320 | €697,812 | +€221,492 | +46.5% |
| Non-recurring operating income | 76A | - | €831,895 | +€831,895 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €674,202 | €375 | -€673,827 | -99.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €21,413 | €8,206 | -€13,207 | -61.7% |
| Other operating charges | 640/8 | €555 | €840 | +€285 | +51.3% |
| Gross operating margin | 9900 | €108,764 | -€558,026 | -€666,790 | |
| Operating profit (loss) | 9901 | -€587,407 | -€567,447 | +€19,959 | +3.4% |
| Financial income | 75/76B | €16,671 | €6,571 | -€10,100 | -60.6% |
| Recurring financial income | 75 | €16,671 | €6,571 | -€10,100 | -60.6% |
| Financial charges | 65/66B | €297,154 | €276,464 | -€20,691 | -7.0% |
| Recurring financial charges | 65 | €297,154 | €276,464 | -€20,691 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | -€867,890 | -€837,340 | +€30,550 | +3.5% |
| Income taxes | 67/77 | - | €981 | +€981 | |
| Profit (loss) for the period | 9904 | -€867,890 | -€838,321 | +€29,569 | +3.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€867,890 | -€838,321 | +€29,569 | +3.4% |
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 10 October 2026 via checked.be.