LOGU: 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.
LOGU
Largest movements
- Tangible fixed assets -€49,215
down €49,215 (-21.2%), from €232,002 to €182,787
of which Other tangible fixed assets: -€28,764
- Cash +€35,567
up €35,567 (+133.4%), from €26,669 to €62,236
mainly Net result for the year (+€65,054) and Depreciation (+€49,958)
- Reserves +€45,000
new in 2025: €45,000
- Current portion of long-term debt -€23,586
down €23,586 (-61.2%), from €38,569 to €14,982
- Other debts -€23,086
down €23,086 (-94.6%), from €24,403 to €1,317
- Debts after one year -€14,982
down €14,982 (-38.8%), from €38,607 to €23,624
- Gross operating margin +€16,427
up €16,427 (+12.5%), from €131,197 to €147,624
- Taxes +€8,250
up €8,250 (+43.1%), from €19,137 to €27,387
- Depreciation +€2,617
up €2,617 (+5.5%), from €47,341 to €49,958
- Financial charges -€2,418
down €2,418 (-48.5%), from €4,986 to €2,568
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 | €357,531 | €345,389 | -€12,142 | -3.4% |
| Fixed assets | 21/28 | €233,302 | €184,087 | -€49,215 | -21.1% |
| Tangible fixed assets | 22/27 | €232,002 | €182,787 | -€49,215 | -21.2% |
| Plant, machinery and equipment | 23 | - | €662 | +€662 | |
| Furniture and vehicles | 24 | €83,532 | €62,419 | -€21,113 | -25.3% |
| Other tangible fixed assets | 26 | €148,470 | €119,706 | -€28,764 | -19.4% |
| Financial fixed assets | 28 | €1,300 | €1,300 | = | 0.0% |
| Current assets | 29/58 | €124,228 | €161,302 | +€37,073 | +29.8% |
| Amounts receivable within one year | 40/41 | €871 | €2,249 | +€1,378 | +158.3% |
| Trade receivables | 40 | - | €415 | +€415 | |
| Other amounts receivable | 41 | €871 | €1,834 | +€963 | +110.6% |
| Current investments | 50/53 | €95,000 | €95,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €26,669 | €62,236 | +€35,567 | +133.4% |
| Deferred charges and accrued income | 490/1 | €1,688 | €1,817 | +€128 | +7.6% |
| Total equity and liabilities | 10/49 | €357,531 | €345,389 | -€12,142 | -3.4% |
| Equity | 10/15 | €12,463 | €57,517 | +€45,054 | +361.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | - | €45,000 | +€45,000 | |
| Distributable reserves | 133 | - | €45,000 | +€45,000 | |
| Profit (loss) carried forward | 14 | €63 | €117 | +€54 | +84.6% |
| Provisions and deferred taxes | 16 | €228,470 | €228,470 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €228,470 | €228,470 | = | 0.0% |
| Pensions and similar obligations | 160 | €228,470 | €228,470 | = | 0.0% |
| Amounts payable | 17/49 | €116,598 | €59,402 | -€57,196 | -49.1% |
| Amounts payable after more than one year | 17 | €38,607 | €23,624 | -€14,982 | -38.8% |
| Financial debts | 170/4 | €38,607 | €23,624 | -€14,982 | -38.8% |
| Amounts payable within one year | 42/48 | €77,991 | €35,778 | -€42,213 | -54.1% |
| Current portion of amounts payable after more than one year | 42 | €38,569 | €14,982 | -€23,586 | -61.2% |
| Trade debts | 44 | €1,199 | €3,579 | +€2,379 | +198.4% |
| Suppliers | 440/4 | €1,199 | €3,579 | +€2,379 | +198.4% |
| Taxes, remuneration and social security | 45 | €13,820 | €15,900 | +€2,080 | +15.1% |
| Taxes | 450/3 | €11,320 | €15,900 | +€4,580 | +40.5% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | €24,403 | €1,317 | -€23,086 | -94.6% |
| Non-recurring operating income | 76A | €207 | - | -€207 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,341 | €49,958 | +€2,617 | +5.5% |
| Other operating charges | 640/8 | €3,716 | €3,928 | +€211 | +5.7% |
| Gross operating margin | 9900 | €131,197 | €147,624 | +€16,427 | +12.5% |
| Operating profit (loss) | 9901 | €80,139 | €93,738 | +€13,599 | +17.0% |
| Financial income | 75/76B | - | €1,271 | +€1,271 | |
| Recurring financial income | 75 | - | €1,271 | +€1,271 | |
| Financial charges | 65/66B | €4,986 | €2,568 | -€2,418 | -48.5% |
| Recurring financial charges | 65 | €4,986 | €2,568 | -€2,418 | -48.5% |
| Profit (loss) for the period before taxes | 9903 | €75,153 | €92,440 | +€17,288 | +23.0% |
| Income taxes | 67/77 | €19,137 | €27,387 | +€8,250 | +43.1% |
| Profit (loss) for the period | 9904 | €56,016 | €65,054 | +€9,038 | +16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €56,016 | €65,054 | +€9,038 | +16.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.