LOGO TIME: 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.
LOGO TIME
Largest movements
- Cash +€14,545
up €14,545 (+55.2%), from €26,331 to €40,876
mainly Net result for the year (+€10,879) and Receivables within one year (+€2,037)
- Receivables within one year -€2,037
down €2,037 (-21.2%), from €9,626 to €7,589
of which Other amounts receivable: -€2,037
- Profit (loss) carried forward +€10,879
up €10,879 (+31.6%), from €34,381 to €45,260
- Other debts +€1,089
up €1,089 (+51.6%), from €2,110 to €3,199
- Gross operating margin -€8,777
down €8,777 (-33.5%), from €26,199 to €17,421
- Taxes -€1,627
down €1,627 (-31.3%), from €5,197 to €3,570
- Depreciation +€1,074
up €1,074 (+124.5%), from €863 to €1,936
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 | €41,271 | €53,173 | +€11,902 | +28.8% |
| Formation expenses | 20 | €851 | €560 | -€290 | -34.1% |
| Fixed assets | 21/28 | €4,189 | €3,762 | -€427 | -10.2% |
| Tangible fixed assets | 22/27 | €4,189 | €3,762 | -€427 | -10.2% |
| Plant, machinery and equipment | 23 | €1,553 | €1,222 | -€330 | -21.3% |
| Furniture and vehicles | 24 | €2,637 | €2,540 | -€97 | -3.7% |
| Current assets | 29/58 | €36,231 | €48,850 | +€12,620 | +34.8% |
| Amounts receivable within one year | 40/41 | €9,626 | €7,589 | -€2,037 | -21.2% |
| Trade receivables | 40 | €750 | €750 | = | 0.0% |
| Other amounts receivable | 41 | €8,876 | €6,839 | -€2,037 | -23.0% |
| Cash at bank and in hand | 54/58 | €26,331 | €40,876 | +€14,545 | +55.2% |
| Deferred charges and accrued income | 490/1 | €273 | €385 | +€112 | +40.8% |
| Total equity and liabilities | 10/49 | €41,271 | €53,173 | +€11,902 | +28.8% |
| Equity | 10/15 | €37,381 | €48,260 | +€10,879 | +29.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,381 | €45,260 | +€10,879 | +31.6% |
| Amounts payable | 17/49 | €3,890 | €4,913 | +€1,023 | +26.3% |
| Amounts payable within one year | 42/48 | €3,890 | €4,913 | +€1,023 | +26.3% |
| Trade debts | 44 | €1,780 | €1,713 | -€66 | -3.7% |
| Suppliers | 440/4 | €1,780 | €1,713 | -€66 | -3.7% |
| Other amounts payable | 47/48 | €2,110 | €3,199 | +€1,089 | +51.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €863 | €1,936 | +€1,074 | +124.5% |
| Other operating charges | 640/8 | €670 | €693 | +€23 | +3.4% |
| Gross operating margin | 9900 | €26,199 | €17,421 | -€8,777 | -33.5% |
| Operating profit (loss) | 9901 | €24,666 | €14,792 | -€9,874 | -40.0% |
| Financial income | 75/76B | €202 | €189 | -€13 | -6.4% |
| Recurring financial income | 75 | €202 | €189 | -€13 | -6.4% |
| Financial charges | 65/66B | €720 | €532 | -€188 | -26.1% |
| Recurring financial charges | 65 | €720 | €532 | -€188 | -26.1% |
| Profit (loss) for the period before taxes | 9903 | €24,147 | €14,449 | -€9,699 | -40.2% |
| Income taxes | 67/77 | €5,197 | €3,570 | -€1,627 | -31.3% |
| Profit (loss) for the period | 9904 | €18,951 | €10,879 | -€8,072 | -42.6% |
| Profit (loss) for the period to be appropriated | 9905 | €18,951 | €10,879 | -€8,072 | -42.6% |
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 5 October 2026 via checked.be.