LOGWEB: 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.
LOGWEB
Largest movements
- Cash +€927,179
up €927,179 (+692%), from €134,041 to €1.1m
mainly Current investments (+€542,400) and Net result for the year (+€443,523)
- Current investments -€542,400
down €542,400 (-64.4%), from €842,185 to €299,785
- Receivables after one year -€91,315
down €91,315 (-28.0%), from €326,500 to €235,184
- Other debts +€271,674
up €271,674 (+161%), from €168,582 to €440,256
- Tax, wage and social debts +€39,095
up €39,095 (+62.7%), from €62,308 to €101,403
- Reserves -€23,284
down €23,284 (-1.4%), from €1.6m to €1.6m
- Gross operating margin +€84,582
up €84,582 (+23.5%), from €359,675 to €444,257
- Depreciation +€24,592
up €24,592 (+77.1%), from €31,903 to €56,494
- Taxes +€19,259
up €19,259 (+14.7%), from €130,577 to €149,836
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 | €1,891,926 | €2,174,086 | +€282,159 | +14.9% |
| Fixed assets | 21/28 | €572,450 | €556,114 | -€16,336 | -2.9% |
| Tangible fixed assets | 22/27 | €563,150 | €546,814 | -€16,336 | -2.9% |
| Land and buildings | 22 | €349,610 | €337,795 | -€11,815 | -3.4% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €122,904 | €125,678 | +€2,774 | +2.3% |
| Other tangible fixed assets | 26 | €90,636 | €83,341 | -€7,295 | -8.0% |
| Financial fixed assets | 28 | €9,300 | €9,300 | = | 0.0% |
| Current assets | 29/58 | €1,319,476 | €1,617,972 | +€298,496 | +22.6% |
| Amounts receivable after more than one year | 29 | €326,500 | €235,184 | -€91,315 | -28.0% |
| Other amounts receivable | 291 | €326,500 | €235,184 | -€91,315 | -28.0% |
| Amounts receivable within one year | 40/41 | €6,440 | €11,885 | +€5,445 | +84.5% |
| Trade receivables | 40 | €6,440 | €11,885 | +€5,445 | +84.5% |
| Current investments | 50/53 | €842,185 | €299,785 | -€542,400 | -64.4% |
| Cash at bank and in hand | 54/58 | €134,041 | €1,061,219 | +€927,179 | +692% |
| Deferred charges and accrued income | 490/1 | €10,311 | €9,898 | -€412 | -4.0% |
| Total equity and liabilities | 10/49 | €1,891,926 | €2,174,086 | +€282,159 | +14.9% |
| Equity | 10/15 | €1,639,247 | €1,615,963 | -€23,284 | -1.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,633,047 | €1,609,763 | -€23,284 | -1.4% |
| Distributable reserves | 133 | €1,633,047 | €1,609,763 | -€23,284 | -1.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €252,679 | €558,123 | +€305,444 | +121% |
| Amounts payable within one year | 42/48 | €252,665 | €557,744 | +€305,079 | +121% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €21,775 | €16,086 | -€5,690 | -26.1% |
| Suppliers | 440/4 | €21,775 | €16,086 | -€5,690 | -26.1% |
| Taxes, remuneration and social security | 45 | €62,308 | €101,403 | +€39,095 | +62.7% |
| Taxes | 450/3 | €62,308 | €101,403 | +€39,095 | +62.7% |
| Other amounts payable | 47/48 | €168,582 | €440,256 | +€271,674 | +161% |
| Accrued charges and deferred income | 492/3 | €14 | €378 | +€365 | +2,627% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,903 | €56,494 | +€24,592 | +77.1% |
| Other operating charges | 640/8 | €2,387 | €2,639 | +€251 | +10.5% |
| Gross operating margin | 9900 | €359,675 | €444,257 | +€84,582 | +23.5% |
| Operating profit (loss) | 9901 | €325,385 | €385,124 | +€59,739 | +18.4% |
| Financial income | 75/76B | €209,138 | €208,793 | -€344 | -0.2% |
| Recurring financial income | 75 | €209,138 | €208,793 | -€344 | -0.2% |
| Financial charges | 65/66B | €1,642 | €559 | -€1,083 | -66.0% |
| Recurring financial charges | 65 | €1,642 | €559 | -€1,083 | -66.0% |
| Profit (loss) for the period before taxes | 9903 | €532,881 | €593,358 | +€60,477 | +11.3% |
| Income taxes | 67/77 | €130,577 | €149,836 | +€19,259 | +14.7% |
| Profit (loss) for the period | 9904 | €402,304 | €443,523 | +€41,218 | +10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €402,304 | €443,523 | +€41,218 | +10.2% |
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 26 October 2026 via checked.be.