LOGORACK: 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.
LOGORACK
Largest movements
- Receivables within one year +€429,871
up €429,871 (+110%), from €391,693 to €821,563
of which Trade receivables: +€302,985
- Cash -€9,757
down €9,757 (-90.1%), from €10,832 to €1,076
mainly Receivables within one year (-€429,871) and Tax, wage and social debts (-€429)
- Trade debts +€384,365
up €384,365 (+133%), from €288,196 to €672,562
- Reserves +€36,178
up €36,178 (+49.2%), from €73,495 to €109,673
- Gross operating margin -€54,060
down €54,060 (-56.1%), from €96,371 to €42,310
- Other operating charges -€21,222
down €21,222 (-96.4%), from €22,021 to €799
- Financial income +€6,924
up €6,924 (+244%), from €2,838 to €9,763
- Taxes -€4,329
down €4,329 (-27.6%), from €15,660 to €11,330
- Staff costs -€1,334
down €1,334 (-53.6%), from €2,490 to €1,156
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.
Derived cash bridge
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 | €402,525 | €822,639 | +€420,114 | +104% |
| Current assets | 29/58 | €402,525 | €822,639 | +€420,114 | +104% |
| Amounts receivable within one year | 40/41 | €391,693 | €821,563 | +€429,871 | +110% |
| Trade receivables | 40 | €315,874 | €618,858 | +€302,985 | +95.9% |
| Other amounts receivable | 41 | €75,819 | €202,705 | +€126,886 | +167% |
| Cash at bank and in hand | 54/58 | €10,832 | €1,076 | -€9,757 | -90.1% |
| Total equity and liabilities | 10/49 | €402,525 | €822,639 | +€420,114 | +104% |
| Equity | 10/15 | €83,495 | €119,673 | +€36,178 | +43.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €73,495 | €109,673 | +€36,178 | +49.2% |
| Distributable reserves | 133 | €73,495 | €109,673 | +€36,178 | +49.2% |
| Amounts payable | 17/49 | €319,030 | €702,966 | +€383,936 | +120% |
| Amounts payable within one year | 42/48 | €319,030 | €702,966 | +€383,936 | +120% |
| Trade debts | 44 | €288,196 | €672,562 | +€384,365 | +133% |
| Suppliers | 440/4 | €288,196 | €672,562 | +€384,365 | +133% |
| Taxes, remuneration and social security | 45 | €30,834 | €30,404 | -€429 | -1.4% |
| Taxes | 450/3 | €30,834 | €30,404 | -€429 | -1.4% |
| Remuneration, social security and pensions | 62 | €2,490 | €1,156 | -€1,334 | -53.6% |
| Other operating charges | 640/8 | €22,021 | €799 | -€21,222 | -96.4% |
| Gross operating margin | 9900 | €96,371 | €42,310 | -€54,060 | -56.1% |
| Operating profit (loss) | 9901 | €71,860 | €40,356 | -€31,505 | -43.8% |
| Financial income | 75/76B | €2,838 | €9,763 | +€6,924 | +244% |
| Recurring financial income | 75 | €2,838 | €9,763 | +€6,924 | +244% |
| Financial charges | 65/66B | €2,766 | €2,610 | -€157 | -5.7% |
| Recurring financial charges | 65 | €2,766 | €2,610 | -€157 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €71,932 | €47,508 | -€24,424 | -34.0% |
| Income taxes | 67/77 | €15,660 | €11,330 | -€4,329 | -27.6% |
| Profit (loss) for the period | 9904 | €56,273 | €36,178 | -€20,095 | -35.7% |
| Profit (loss) for the period to be appropriated | 9905 | €56,273 | €36,178 | -€20,095 | -35.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.