LOGRAM: 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.
LOGRAM
Largest movements
- Receivables within one year -€241,606
down €241,606 (-77.8%), from €310,500 to €68,894
of which Other amounts receivable: -€217,406
- Debts after one year -€280,000
down €280,000 (-15.4%), from €1.8m to €1.5m
- Other debts +€100,198
up €100,198 (+529%), from €18,948 to €119,145
- Profit (loss) carried forward -€79,108
no longer reported in 2025 (was €79,108)
- Reserves +€35,000
up €35,000 (+11.5%), from €304,444 to €339,444
- Financial charges -€4,584
down €4,584 (-16.6%), from €27,546 to €22,961
- Gross operating margin -€3,224
down €3,224 (-1.5%), from €215,787 to €212,563
- Taxes -€2,996
down €2,996 (-6.1%), from €48,996 to €46,000
- Other operating charges +€2,355
up €2,355 (+1,707%), from €138 to €2,493
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 | €2,380,002 | €2,146,471 | -€233,531 | -9.8% |
| Fixed assets | 21/28 | €2,041,200 | €2,041,200 | = | 0.0% |
| Financial fixed assets | 28 | €2,041,200 | €2,041,200 | = | 0.0% |
| Current assets | 29/58 | €338,802 | €105,271 | -€233,531 | -68.9% |
| Amounts receivable within one year | 40/41 | €310,500 | €68,894 | -€241,606 | -77.8% |
| Trade receivables | 40 | €81,070 | €56,870 | -€24,200 | -29.9% |
| Other amounts receivable | 41 | €229,430 | €12,024 | -€217,406 | -94.8% |
| Cash at bank and in hand | 54/58 | €28,302 | €36,377 | +€8,075 | +28.5% |
| Total equity and liabilities | 10/49 | €2,380,002 | €2,146,471 | -€233,531 | -9.8% |
| Equity | 10/15 | €388,552 | €344,444 | -€44,108 | -11.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €304,444 | €339,444 | +€35,000 | +11.5% |
| Distributable reserves | 133 | €304,444 | €339,444 | +€35,000 | +11.5% |
| Profit (loss) carried forward | 14 | €79,108 | - | -€79,108 | |
| Amounts payable | 17/49 | €1,991,450 | €1,802,027 | -€189,424 | -9.5% |
| Amounts payable after more than one year | 17 | €1,818,833 | €1,538,833 | -€280,000 | -15.4% |
| Financial debts | 170/4 | €1,818,833 | €1,538,833 | -€280,000 | -15.4% |
| Amounts payable within one year | 42/48 | €170,784 | €261,694 | +€90,909 | +53.2% |
| Current portion of amounts payable after more than one year | 42 | €130,000 | €130,000 | = | 0.0% |
| Trade debts | 44 | €6,841 | €5,599 | -€1,242 | -18.2% |
| Suppliers | 440/4 | €6,841 | €5,599 | -€1,242 | -18.2% |
| Taxes, remuneration and social security | 45 | €14,996 | €6,949 | -€8,046 | -53.7% |
| Taxes | 450/3 | €14,996 | €6,949 | -€8,046 | -53.7% |
| Other amounts payable | 47/48 | €18,948 | €119,145 | +€100,198 | +529% |
| Accrued charges and deferred income | 492/3 | €1,833 | €1,500 | -€333 | -18.2% |
| Other operating charges | 640/8 | €138 | €2,493 | +€2,355 | +1,707% |
| Gross operating margin | 9900 | €215,787 | €212,563 | -€3,224 | -1.5% |
| Operating profit (loss) | 9901 | €215,649 | €210,070 | -€5,579 | -2.6% |
| Financial charges | 65/66B | €27,546 | €22,961 | -€4,584 | -16.6% |
| Recurring financial charges | 65 | €27,546 | €22,961 | -€4,584 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €188,103 | €187,109 | -€994 | -0.5% |
| Income taxes | 67/77 | €48,996 | €46,000 | -€2,996 | -6.1% |
| Profit (loss) for the period | 9904 | €139,108 | €141,109 | +€2,001 | +1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €139,108 | €141,109 | +€2,001 | +1.4% |
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 26 October 2026 via checked.be.