LogORL: 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.
LogORL
Largest movements
- Cash +€33,942
up €33,942 (+94.5%), from €35,924 to €69,866
mainly Net result for the year (+€56,679) and Other debts (+€6,580)
- Receivables within one year +€15,660
up €15,660 (+50.5%), from €30,986 to €46,646
- Tangible fixed assets +€9,766
up €9,766 (+1169.6%), from €835 to €10,601
of which Other tangible fixed assets: +€10,067
- Deferred charges and accrued income -€1,493
down €1,493 (-30.0%), from €4,972 to €3,479
- Reserves +€51,670
up €51,670 (+105.4%), from €49,000 to €100,670
- Other debts +€6,580
new in 2025: €6,580
- Trade debts -€2,951
down €2,951 (-78.8%), from €3,744 to €793
- Accrued charges and deferred income +€1,374
up €1,374 (+1397.9%), from €98 to €1,472
- Gross operating margin +€10,044
up €10,044 (+14.6%), from €68,967 to €79,011
- Taxes +€2,242
up €2,242 (+12.0%), from €18,700 to €20,942
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 | €72,717 | €130,592 | +€57,875 | +79.6% |
| Fixed assets | 21/28 | €835 | €10,601 | +€9,766 | +1169.6% |
| Tangible fixed assets | 22/27 | €835 | €10,601 | +€9,766 | +1169.6% |
| Furniture and vehicles | 24 | €835 | €533 | -€302 | -36.1% |
| Other tangible fixed assets | 26 | - | €10,067 | +€10,067 | |
| Current assets | 29/58 | €71,882 | €119,991 | +€48,109 | +66.9% |
| Amounts receivable within one year | 40/41 | €30,986 | €46,646 | +€15,660 | +50.5% |
| Other amounts receivable | 41 | €30,986 | €46,646 | +€15,660 | +50.5% |
| Cash at bank and in hand | 54/58 | €35,924 | €69,866 | +€33,942 | +94.5% |
| Deferred charges and accrued income | 490/1 | €4,972 | €3,479 | -€1,493 | -30.0% |
| Total equity and liabilities | 10/49 | €72,717 | €130,592 | +€57,875 | +79.6% |
| Equity | 10/15 | €53,174 | €104,854 | +€51,679 | +97.2% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €49,000 | €100,670 | +€51,670 | +105.4% |
| Distributable reserves | 133 | €49,000 | €100,670 | +€51,670 | +105.4% |
| Profit (loss) carried forward | 14 | €674 | €684 | +€9 | +1.4% |
| Amounts payable | 17/49 | €19,543 | €25,738 | +€6,195 | +31.7% |
| Amounts payable within one year | 42/48 | €19,444 | €24,266 | +€4,822 | +24.8% |
| Trade debts | 44 | €3,744 | €793 | -€2,951 | -78.8% |
| Suppliers | 440/4 | €3,744 | €793 | -€2,951 | -78.8% |
| Taxes, remuneration and social security | 45 | €15,700 | €16,892 | +€1,192 | +7.6% |
| Taxes | 450/3 | €13,500 | €14,642 | +€1,142 | +8.5% |
| Remuneration and social security | 454/9 | €2,200 | €2,250 | +€50 | +2.3% |
| Other amounts payable | 47/48 | - | €6,580 | +€6,580 | |
| Accrued charges and deferred income | 492/3 | €98 | €1,472 | +€1,374 | +1397.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70 | €648 | +€578 | +825.6% |
| Other operating charges | 640/8 | €414 | €552 | +€138 | +33.3% |
| Gross operating margin | 9900 | €68,967 | €79,011 | +€10,044 | +14.6% |
| Operating profit (loss) | 9901 | €68,483 | €77,810 | +€9,328 | +13.6% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €108 | €190 | +€81 | +75.0% |
| Recurring financial charges | 65 | €108 | €190 | +€81 | +75.0% |
| Profit (loss) for the period before taxes | 9903 | €68,374 | €77,622 | +€9,247 | +13.5% |
| Income taxes | 67/77 | €18,700 | €20,942 | +€2,242 | +12.0% |
| Profit (loss) for the period | 9904 | €49,674 | €56,679 | +€7,005 | +14.1% |
| Profit (loss) for the period to be appropriated | 9905 | €49,674 | €56,679 | +€7,005 | +14.1% |
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 3 October 2026 via checked.be.