Logitherm: 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.
Logitherm
Largest movements
- Receivables within one year +€40,845
up €40,845 (+105.4%), from €38,745 to €79,590
of which Other amounts receivable: +€23,489
- Stocks and contracts -€5,325
down €5,325 (-29.4%), from €18,109 to €12,784
- Cash -€1,773
down €1,773 (-99.7%), from €1,779 to €6
mainly Receivables within one year (-€40,845) and Tax, wage and social debts (-€3,371)
- Trade debts +€32,424
up €32,424 (+96.2%), from €33,722 to €66,146
- Reserves +€4,577
new in 2024: €4,577
- Tax, wage and social debts -€3,371
down €3,371 (-52.4%), from €6,428 to €3,057
of which Taxes: -€1,926
- Staff costs -€10,144
no longer reported in 2024 (was €10,144)
- Taxes +€3,768
new in 2024: €3,768
- Gross operating margin -€3,047
down €3,047 (-22.2%), from €13,712 to €10,665
- Depreciation -€2,595
no longer reported in 2024 (was €2,595)
- Other operating charges +€1,070
up €1,070 (+158.5%), from €675 to €1,745
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €58,633 | €92,380 | +€33,747 | +57.6% |
| Fixed assets | 21/28 | - | €0 | = | |
| Tangible fixed assets | 22/27 | - | €0 | = | |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | - | €0 | = | |
| Current assets | 29/58 | €58,633 | €92,380 | +€33,747 | +57.6% |
| Stocks and contracts in progress | 3 | €18,109 | €12,784 | -€5,325 | -29.4% |
| Stocks | 30/36 | €18,109 | €12,784 | -€5,325 | -29.4% |
| Amounts receivable within one year | 40/41 | €38,745 | €79,590 | +€40,845 | +105.4% |
| Trade receivables | 40 | €25,409 | €42,765 | +€17,357 | +68.3% |
| Other amounts receivable | 41 | €13,336 | €36,825 | +€23,489 | +176.1% |
| Cash at bank and in hand | 54/58 | €1,779 | €6 | -€1,773 | -99.7% |
| Total equity and liabilities | 10/49 | €58,633 | €92,380 | +€33,747 | +57.6% |
| Equity | 10/15 | €18,202 | €23,177 | +€4,975 | +27.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €4,577 | +€4,577 | |
| Distributable reserves | 133 | - | €4,577 | +€4,577 | |
| Profit (loss) carried forward | 14 | -€398 | - | +€398 | |
| Amounts payable | 17/49 | €40,431 | €69,203 | +€28,772 | +71.2% |
| Amounts payable within one year | 42/48 | €40,431 | €69,203 | +€28,772 | +71.2% |
| Trade debts | 44 | €33,722 | €66,146 | +€32,424 | +96.2% |
| Suppliers | 440/4 | €33,722 | €66,146 | +€32,424 | +96.2% |
| Taxes, remuneration and social security | 45 | €6,428 | €3,057 | -€3,371 | -52.4% |
| Taxes | 450/3 | €4,983 | €3,057 | -€1,926 | -38.7% |
| Remuneration and social security | 454/9 | €1,445 | - | -€1,445 | |
| Other amounts payable | 47/48 | €281 | - | -€281 | |
| Remuneration, social security and pensions | 62 | €10,144 | - | -€10,144 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,595 | - | -€2,595 | |
| Other operating charges | 640/8 | €675 | €1,745 | +€1,070 | +158.5% |
| Gross operating margin | 9900 | €13,712 | €10,665 | -€3,047 | -22.2% |
| Operating profit (loss) | 9901 | €298 | €8,920 | +€8,622 | +2893.9% |
| Financial income | 75/76B | €92 | €54 | -€38 | -41.1% |
| Recurring financial income | 75 | €92 | €54 | -€38 | -41.1% |
| Financial charges | 65/66B | €1,206 | €231 | -€975 | -80.8% |
| Recurring financial charges | 65 | €1,206 | €231 | -€975 | -80.8% |
| Profit (loss) for the period before taxes | 9903 | -€816 | €8,743 | +€9,559 | |
| Income taxes | 67/77 | - | €3,768 | +€3,768 | |
| Profit (loss) for the period | 9904 | -€816 | €4,975 | +€5,791 | |
| Profit (loss) for the period to be appropriated | 9905 | -€816 | €4,975 | +€5,791 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.