LOGIVEST: 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.
LOGIVEST
Largest movements
- Current investments -€325,000
down €325,000 (-48.9%), from €665,000 to €340,000
- Tangible fixed assets -€98,935
down €98,935 (-4.8%), from €2.1m to €2.0m
- Reserves +€470,121
up €470,121 (+2599.5%), from €18,085 to €488,206
of which Distributable reserves: +€463,795
- Current portion of long-term debt -€448,109
down €448,109 (-79.1%), from €566,227 to €118,118
- Profit (loss) carried forward -€343,615
no longer reported in 2025 (was €343,615)
- Debts after one year -€118,118
down €118,118 (-9.0%), from €1.3m to €1.2m
- Financial income -€14,850
down €14,850 (-69.8%), from €21,264 to €6,414
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 | €2,770,852 | €2,331,094 | -€439,758 | -15.9% |
| Fixed assets | 21/28 | €2,077,186 | €1,978,251 | -€98,935 | -4.8% |
| Tangible fixed assets | 22/27 | €2,077,186 | €1,978,251 | -€98,935 | -4.8% |
| Land and buildings | 22 | €2,077,186 | €1,978,251 | -€98,935 | -4.8% |
| Current assets | 29/58 | €693,666 | €352,844 | -€340,822 | -49.1% |
| Amounts receivable within one year | 40/41 | €2,051 | €2,463 | +€413 | +20.1% |
| Other amounts receivable | 41 | €2,051 | €2,463 | +€413 | +20.1% |
| Current investments | 50/53 | €665,000 | €340,000 | -€325,000 | -48.9% |
| Cash at bank and in hand | 54/58 | €17,268 | €10,059 | -€7,209 | -41.7% |
| Deferred charges and accrued income | 490/1 | €9,348 | €322 | -€9,026 | -96.6% |
| Total equity and liabilities | 10/49 | €2,770,852 | €2,331,094 | -€439,758 | -15.9% |
| Equity | 10/15 | €861,700 | €988,206 | +€126,506 | +14.7% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €18,085 | €488,206 | +€470,121 | +2599.5% |
| Non-distributable reserves | 130/1 | €18,085 | €24,411 | +€6,325 | +35.0% |
| Legal reserve | 130 | €18,085 | €24,411 | +€6,325 | +35.0% |
| Distributable reserves | 133 | - | €463,795 | +€463,795 | |
| Profit (loss) carried forward | 14 | €343,615 | - | -€343,615 | |
| Amounts payable | 17/49 | €1,909,152 | €1,342,888 | -€566,264 | -29.7% |
| Amounts payable after more than one year | 17 | €1,319,241 | €1,201,122 | -€118,118 | -9.0% |
| Financial debts | 170/4 | €1,319,241 | €1,201,122 | -€118,118 | -9.0% |
| Amounts payable within one year | 42/48 | €589,873 | €140,638 | -€449,235 | -76.2% |
| Current portion of amounts payable after more than one year | 42 | €566,227 | €118,118 | -€448,109 | -79.1% |
| Trade debts | 44 | €574 | €1,387 | +€814 | +141.9% |
| Suppliers | 440/4 | €574 | €1,387 | +€814 | +141.9% |
| Taxes, remuneration and social security | 45 | €23,072 | €21,132 | -€1,940 | -8.4% |
| Taxes | 450/3 | €23,072 | €21,132 | -€1,940 | -8.4% |
| Accrued charges and deferred income | 492/3 | €39 | €1,128 | +€1,089 | +2800.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,935 | €98,935 | = | 0.0% |
| Other operating charges | 640/8 | €37,544 | €38,722 | +€1,178 | +3.1% |
| Gross operating margin | 9900 | €348,060 | €347,396 | -€664 | -0.2% |
| Operating profit (loss) | 9901 | €211,581 | €209,739 | -€1,842 | -0.9% |
| Financial income | 75/76B | €21,264 | €6,414 | -€14,850 | -69.8% |
| Recurring financial income | 75 | €21,264 | €6,414 | -€14,850 | -69.8% |
| Financial charges | 65/66B | €50,834 | €47,478 | -€3,356 | -6.6% |
| Recurring financial charges | 65 | €50,834 | €47,478 | -€3,356 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €182,011 | €168,675 | -€13,336 | -7.3% |
| Income taxes | 67/77 | €45,503 | €42,169 | -€3,334 | -7.3% |
| Profit (loss) for the period | 9904 | €136,508 | €126,506 | -€10,002 | -7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €136,508 | €126,506 | -€10,002 | -7.3% |
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.