LOGOPH: 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.
LOGOPH
Largest movements
- Receivables within one year -€8,135
down €8,135 (-70.7%), from €11,502 to €3,367
- Cash -€5,479
down €5,479 (-56.4%), from €9,707 to €4,229
mainly Debts after one year (-€8,125) and Investment in fixed assets (net) (-€7,242)
- Tangible fixed assets -€2,983
down €2,983 (-13.0%), from €22,980 to €19,997
of which Furniture and vehicles: -€1,683
- Debts after one year -€8,125
down €8,125 (-23.4%), from €34,648 to €26,523
- Contributions -€6,200
no longer reported in 2025 (was €6,200)
- Tax, wage and social debts -€1,692
down €1,692 (-74.6%), from €2,267 to €575
- Trade debts -€910
down €910 (-17.3%), from €5,250 to €4,340
- Current portion of long-term debt +€537
up €537 (+6.9%), from €7,737 to €8,275
- Gross operating margin +€14,559
up €14,559, from -€1,775 to €12,784
- Depreciation +€1,098
up €1,098 (+12.0%), from €9,128 to €10,225
- Other operating charges -€528
down €528 (-64.1%), from €823 to €295
- Financial charges +€520
up €520 (+26.6%), from €1,959 to €2,479
- Financial income -€387
down €387 (-56.4%), from €687 to €300
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 | €44,573 | €28,038 | -€16,535 | -37.1% |
| Fixed assets | 21/28 | €22,980 | €19,997 | -€2,983 | -13.0% |
| Tangible fixed assets | 22/27 | €22,980 | €19,997 | -€2,983 | -13.0% |
| Plant, machinery and equipment | 23 | €1,404 | €104 | -€1,300 | -92.6% |
| Furniture and vehicles | 24 | €21,577 | €19,893 | -€1,683 | -7.8% |
| Current assets | 29/58 | €21,593 | €8,041 | -€13,551 | -62.8% |
| Amounts receivable within one year | 40/41 | €11,502 | €3,367 | -€8,135 | -70.7% |
| Other amounts receivable | 41 | €11,502 | €3,367 | -€8,135 | -70.7% |
| Cash at bank and in hand | 54/58 | €9,707 | €4,229 | -€5,479 | -56.4% |
| Deferred charges and accrued income | 490/1 | €383 | €445 | +€63 | +16.3% |
| Total equity and liabilities | 10/49 | €44,573 | €28,038 | -€16,535 | -37.1% |
| Equity | 10/15 | -€5,329 | -€11,675 | -€6,346 | -119% |
| Contributions | 10/11 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €1,812 | €1,812 | = | 0.0% |
| Distributable reserves | 133 | €1,812 | €1,812 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,341 | -€13,487 | -€146 | -1.1% |
| Amounts payable | 17/49 | €49,901 | €39,713 | -€10,188 | -20.4% |
| Amounts payable after more than one year | 17 | €34,648 | €26,523 | -€8,125 | -23.4% |
| Financial debts | 170/4 | €34,648 | €26,523 | -€8,125 | -23.4% |
| Amounts payable within one year | 42/48 | €15,254 | €13,190 | -€2,064 | -13.5% |
| Current portion of amounts payable after more than one year | 42 | €7,737 | €8,275 | +€537 | +6.9% |
| Trade debts | 44 | €5,250 | €4,340 | -€910 | -17.3% |
| Suppliers | 440/4 | €5,250 | €4,340 | -€910 | -17.3% |
| Taxes, remuneration and social security | 45 | €2,267 | €575 | -€1,692 | -74.6% |
| Taxes | 450/3 | €2,267 | €575 | -€1,692 | -74.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,128 | €10,225 | +€1,098 | +12.0% |
| Other operating charges | 640/8 | €823 | €295 | -€528 | -64.1% |
| Gross operating margin | 9900 | -€1,775 | €12,784 | +€14,559 | |
| Operating profit (loss) | 9901 | -€11,725 | €2,264 | +€13,989 | |
| Financial income | 75/76B | €687 | €300 | -€387 | -56.4% |
| Recurring financial income | 75 | €687 | €300 | -€387 | -56.4% |
| Financial charges | 65/66B | €1,959 | €2,479 | +€520 | +26.6% |
| Recurring financial charges | 65 | €1,959 | €2,479 | +€520 | +26.6% |
| Profit (loss) for the period before taxes | 9903 | -€12,996 | €85 | +€13,081 | |
| Income taxes | 67/77 | €345 | €231 | -€114 | -33.0% |
| Profit (loss) for the period | 9904 | -€13,341 | -€146 | +€13,195 | +98.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,341 | -€146 | +€13,195 | +98.9% |
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 18 October 2026 via checked.be.