LOGJAM: 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.
LOGJAM
Largest movements
- Current investments +€17,321
new in 2025: €17,321
- Cash -€13,214
down €13,214 (-29.7%), from €44,461 to €31,246
mainly Contributions, distributions and other (-€27,550) and Current investments (-€17,321)
- Deferred charges and accrued income +€1,143
up €1,143 (+87.4%), from €1,306 to €2,449
- Reserves +€17,924
up €17,924 (+39.5%), from €45,418 to €63,341
of which Distributable reserves: +€17,924
- Contributions -€17,550
down €17,550 (-94.6%), from €18,550 to €1,000
- Other debts +€9,234
up €9,234 (+414%), from €2,232 to €11,466
- Trade debts -€4,376
down €4,376 (-80.2%), from €5,454 to €1,078
- Gross operating margin +€19,981
up €19,981 (+84.4%), from €23,660 to €43,641
- Taxes +€5,550
up €5,550 (+87.4%), from €6,353 to €11,903
- Financial charges +€2,762
up €2,762 (+530%), from €521 to €3,283
- Financial income +€1,377
up €1,377, from €0 to €1,377
- Depreciation +€443
up €443 (+84.5%), from €524 to €967
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.
Derived cash bridge
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 | €78,448 | €84,390 | +€5,942 | +7.6% |
| Fixed assets | 21/28 | €3,520 | €3,970 | +€450 | +12.8% |
| Tangible fixed assets | 22/27 | €3,520 | €3,970 | +€450 | +12.8% |
| Plant, machinery and equipment | 23 | €2,191 | €1,916 | -€275 | -12.5% |
| Furniture and vehicles | 24 | €1,329 | €2,054 | +€725 | +54.5% |
| Current assets | 29/58 | €74,928 | €80,420 | +€5,492 | +7.3% |
| Amounts receivable within one year | 40/41 | €29,161 | €29,403 | +€242 | +0.8% |
| Trade receivables | 40 | €29,161 | €29,403 | +€242 | +0.8% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | - | €17,321 | +€17,321 | |
| Cash at bank and in hand | 54/58 | €44,461 | €31,246 | -€13,214 | -29.7% |
| Deferred charges and accrued income | 490/1 | €1,306 | €2,449 | +€1,143 | +87.4% |
| Total equity and liabilities | 10/49 | €78,448 | €84,390 | +€5,942 | +7.6% |
| Equity | 10/15 | €63,968 | €64,341 | +€374 | +0.6% |
| Contributions | 10/11 | €18,550 | €1,000 | -€17,550 | -94.6% |
| Reserves | 13 | €45,418 | €63,341 | +€17,924 | +39.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €45,418 | €63,341 | +€17,924 | +39.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €14,480 | €20,048 | +€5,568 | +38.5% |
| Amounts payable within one year | 42/48 | €14,288 | €19,850 | +€5,562 | +38.9% |
| Trade debts | 44 | €5,454 | €1,078 | -€4,376 | -80.2% |
| Suppliers | 440/4 | €5,454 | €1,078 | -€4,376 | -80.2% |
| Taxes, remuneration and social security | 45 | €6,602 | €7,306 | +€704 | +10.7% |
| Taxes | 450/3 | €6,602 | €7,306 | +€704 | +10.7% |
| Other amounts payable | 47/48 | €2,232 | €11,466 | +€9,234 | +414% |
| Accrued charges and deferred income | 492/3 | €193 | €198 | +€6 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €524 | €967 | +€443 | +84.5% |
| Other operating charges | 640/8 | €844 | €942 | +€97 | +11.5% |
| Gross operating margin | 9900 | €23,660 | €43,641 | +€19,981 | +84.4% |
| Operating profit (loss) | 9901 | €22,292 | €41,733 | +€19,441 | +87.2% |
| Financial income | 75/76B | €0 | €1,377 | +€1,377 | |
| Recurring financial income | 75 | €0 | €1,377 | +€1,377 | |
| Financial charges | 65/66B | €521 | €3,283 | +€2,762 | +530% |
| Recurring financial charges | 65 | €521 | €3,283 | +€2,762 | +530% |
| Profit (loss) for the period before taxes | 9903 | €21,771 | €39,827 | +€18,056 | +82.9% |
| Income taxes | 67/77 | €6,353 | €11,903 | +€5,550 | +87.4% |
| Profit (loss) for the period | 9904 | €15,418 | €27,924 | +€12,506 | +81.1% |
| Profit (loss) for the period to be appropriated | 9905 | €15,418 | €27,924 | +€12,506 | +81.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.