LOGOS: 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.
LOGOS
Largest movements
- Receivables within one year -€25,599
down €25,599 (-35.4%), from €72,351 to €46,752
of which Other amounts receivable: -€28,080
- Cash -€16,675
no longer reported in 2025 (was €16,675)
mainly Contributions, distributions and other (-€62,008) and Investment in fixed assets (net) (-€14,687)
- Deferred charges and accrued income +€5,089
up €5,089 (+553%), from €920 to €6,009
- Tangible fixed assets +€4,053
up €4,053 (+9.9%), from €40,838 to €44,891
of which Furniture and vehicles: +€7,764
- Reserves -€62,008
down €62,008 (-52.2%), from €118,891 to €56,883
- Trade debts +€20,555
up €20,555 (+659%), from €3,117 to €23,673
- Profit (loss) carried forward +€12,417
up €12,417 (+52.1%), from -€23,817 to -€11,400
- Other debts +€9,306
new in 2025: €9,306
- Short-term financial debts -€7,717
down €7,717 (-100.0%), from €7,719 to €1
- Gross operating margin +€22,131
up €22,131 (+364%), from €6,081 to €28,212
- Taxes +€4,281
up €4,281 (+1,728%), from €248 to €4,529
- Financial income -€4,186
down €4,186 (-88.3%), from €4,739 to €553
- Depreciation -€1,277
down €1,277 (-10.7%), from €11,911 to €10,634
- Financial charges -€603
down €603 (-49.0%), from €1,231 to €627
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 | €132,484 | €99,352 | -€33,132 | -25.0% |
| Fixed assets | 21/28 | €42,538 | €46,591 | +€4,053 | +9.5% |
| Tangible fixed assets | 22/27 | €40,838 | €44,891 | +€4,053 | +9.9% |
| Land and buildings | 22 | €9,908 | €6,197 | -€3,711 | -37.5% |
| Furniture and vehicles | 24 | €30,930 | €38,693 | +€7,764 | +25.1% |
| Financial fixed assets | 28 | €1,700 | €1,700 | = | 0.0% |
| Current assets | 29/58 | €89,946 | €52,761 | -€37,185 | -41.3% |
| Amounts receivable within one year | 40/41 | €72,351 | €46,752 | -€25,599 | -35.4% |
| Trade receivables | 40 | €34,749 | €37,230 | +€2,481 | +7.1% |
| Other amounts receivable | 41 | €37,602 | €9,522 | -€28,080 | -74.7% |
| Cash at bank and in hand | 54/58 | €16,675 | - | -€16,675 | |
| Deferred charges and accrued income | 490/1 | €920 | €6,009 | +€5,089 | +553% |
| Total equity and liabilities | 10/49 | €132,484 | €99,352 | -€33,132 | -25.0% |
| Equity | 10/15 | €113,673 | €64,082 | -€49,591 | -43.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €118,891 | €56,883 | -€62,008 | -52.2% |
| Distributable reserves | 133 | €118,891 | €56,883 | -€62,008 | -52.2% |
| Profit (loss) carried forward | 14 | -€23,817 | -€11,400 | +€12,417 | +52.1% |
| Amounts payable | 17/49 | €18,811 | €35,270 | +€16,459 | +87.5% |
| Amounts payable within one year | 42/48 | €17,678 | €34,278 | +€16,600 | +93.9% |
| Financial debts | 43 | €7,719 | €1 | -€7,717 | -100.0% |
| Credit institutions | 430/8 | €7,719 | €1 | -€7,717 | -100.0% |
| Trade debts | 44 | €3,117 | €23,673 | +€20,555 | +659% |
| Suppliers | 440/4 | €3,117 | €23,673 | +€20,555 | +659% |
| Taxes, remuneration and social security | 45 | €6,841 | €1,297 | -€5,544 | -81.0% |
| Taxes | 450/3 | €6,841 | €797 | -€6,044 | -88.3% |
| Remuneration and social security | 454/9 | - | €500 | +€500 | |
| Other amounts payable | 47/48 | - | €9,306 | +€9,306 | |
| Accrued charges and deferred income | 492/3 | €1,133 | €992 | -€141 | -12.5% |
| Non-recurring operating income | 76A | - | €262 | +€262 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,911 | €10,634 | -€1,277 | -10.7% |
| Other operating charges | 640/8 | €542 | €558 | +€16 | +3.0% |
| Gross operating margin | 9900 | €6,081 | €28,212 | +€22,131 | +364% |
| Operating profit (loss) | 9901 | -€6,372 | €17,020 | +€23,392 | |
| Financial income | 75/76B | €4,739 | €553 | -€4,186 | -88.3% |
| Recurring financial income | 75 | €4,739 | €553 | -€4,186 | -88.3% |
| Financial charges | 65/66B | €1,231 | €627 | -€603 | -49.0% |
| Recurring financial charges | 65 | €1,231 | €627 | -€603 | -49.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,864 | €16,946 | +€19,810 | |
| Income taxes | 67/77 | €248 | €4,529 | +€4,281 | +1,728% |
| Profit (loss) for the period | 9904 | -€3,112 | €12,417 | +€15,529 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,112 | €12,417 | +€15,529 |
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 17 October 2026 via checked.be.