LOGRE: 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.
LOGRE
Largest movements
- Stocks and contracts +€25,270
up €25,270 (+52.4%), from €48,251 to €73,522
- Receivables within one year -€22,323
down €22,323 (-72.4%), from €30,832 to €8,509
of which Trade receivables: -€22,469
- Deferred charges and accrued income -€2,622
no longer reported in 2025 (was €2,622)
- Cash -€1,079
down €1,079 (-15.9%), from €6,798 to €5,719
mainly Trade debts (-€25,948) and Stocks and contracts (-€25,270)
- Trade debts -€25,948
down €25,948 (-45.7%), from €56,822 to €30,874
- Other debts +€12,309
up €12,309 (+62.7%), from €19,641 to €31,950
- Profit (loss) carried forward +€6,057
up €6,057 (+20.4%), from -€29,699 to -€23,642
- Accrued charges and deferred income +€5,400
up €5,400 (+66.7%), from €8,100 to €13,500
- Write-downs +€33,158
new in 2025: €33,158
- Gross operating margin +€26,377
up €26,377 (+46.4%), from €56,832 to €83,209
- Staff costs -€9,926
down €9,926 (-19.3%), from €51,444 to €41,518
- Financial charges -€3,267
down €3,267 (-87.3%), from €3,743 to €477
- Financial income -€2,533
no longer reported in 2025 (was €2,533)
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 | €93,777 | €92,311 | -€1,465 | -1.6% |
| Fixed assets | 21/28 | €5,273 | €4,562 | -€712 | -13.5% |
| Tangible fixed assets | 22/27 | €2,713 | €2,002 | -€712 | -26.2% |
| Furniture and vehicles | 24 | €2,713 | €2,002 | -€712 | -26.2% |
| Financial fixed assets | 28 | €2,560 | €2,560 | = | 0.0% |
| Current assets | 29/58 | €88,504 | €87,750 | -€754 | -0.9% |
| Stocks and contracts in progress | 3 | €48,251 | €73,522 | +€25,270 | +52.4% |
| Stocks | 30/36 | €48,251 | €73,522 | +€25,270 | +52.4% |
| Amounts receivable within one year | 40/41 | €30,832 | €8,509 | -€22,323 | -72.4% |
| Trade receivables | 40 | €30,832 | €8,363 | -€22,469 | -72.9% |
| Other amounts receivable | 41 | - | €146 | +€146 | |
| Cash at bank and in hand | 54/58 | €6,798 | €5,719 | -€1,079 | -15.9% |
| Deferred charges and accrued income | 490/1 | €2,622 | - | -€2,622 | |
| Total equity and liabilities | 10/49 | €93,777 | €92,311 | -€1,465 | -1.6% |
| Equity | 10/15 | -€9,241 | -€3,184 | +€6,057 | +65.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,699 | -€23,642 | +€6,057 | +20.4% |
| Amounts payable | 17/49 | €103,017 | €95,495 | -€7,523 | -7.3% |
| Amounts payable within one year | 42/48 | €94,917 | €81,995 | -€12,923 | -13.6% |
| Financial debts | 43 | €22 | €22 | = | 0.0% |
| Credit institutions | 430/8 | €22 | €22 | = | 0.0% |
| Trade debts | 44 | €56,822 | €30,874 | -€25,948 | -45.7% |
| Suppliers | 440/4 | €56,822 | €30,874 | -€25,948 | -45.7% |
| Taxes, remuneration and social security | 45 | €18,432 | €19,149 | +€717 | +3.9% |
| Taxes | 450/3 | €8,542 | €10,488 | +€1,946 | +22.8% |
| Remuneration and social security | 454/9 | €9,890 | €8,661 | -€1,229 | -12.4% |
| Other amounts payable | 47/48 | €19,641 | €31,950 | +€12,309 | +62.7% |
| Accrued charges and deferred income | 492/3 | €8,100 | €13,500 | +€5,400 | +66.7% |
| Remuneration, social security and pensions | 62 | €51,444 | €41,518 | -€9,926 | -19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,657 | €1,105 | -€553 | -33.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €33,158 | +€33,158 | |
| Other operating charges | 640/8 | €1,055 | €894 | -€161 | -15.2% |
| Gross operating margin | 9900 | €56,832 | €83,209 | +€26,377 | +46.4% |
| Operating profit (loss) | 9901 | €2,676 | €6,534 | +€3,858 | +144% |
| Financial income | 75/76B | €2,533 | - | -€2,533 | |
| Recurring financial income | 75 | €2,533 | - | -€2,533 | |
| Financial charges | 65/66B | €3,743 | €477 | -€3,267 | -87.3% |
| Recurring financial charges | 65 | €3,743 | €477 | -€3,267 | -87.3% |
| Profit (loss) for the period before taxes | 9903 | €1,465 | €6,057 | +€4,592 | +313% |
| Profit (loss) for the period | 9904 | €1,465 | €6,057 | +€4,592 | +313% |
| Profit (loss) for the period to be appropriated | 9905 | €1,465 | €6,057 | +€4,592 | +313% |
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 16 October 2026 via checked.be.