Team Logic: 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.
Team Logic
Largest movements
- Cash -€184,225
down €184,225 (-74.5%), from €247,156 to €62,931
mainly Contributions, distributions and other (-€217,730) and Trade debts (-€43,912)
- Receivables within one year +€30,030
up €30,030 (+26.5%), from €113,447 to €143,477
of which Other amounts receivable: +€42,909
- Reserves -€149,280
down €149,280 (-68.6%), from €217,730 to €68,450
- Other debts +€71,028
up €71,028 (+443%), from €16,046 to €87,074
- Trade debts -€43,912
down €43,912 (-57.4%), from €76,519 to €32,606
- Tax, wage and social debts -€30,220
down €30,220 (-64.3%), from €46,996 to €16,777
- Other operating charges -€10,446
down €10,446 (-96.3%), from €10,846 to €400
- Gross operating margin -€6,247
down €6,247 (-6.7%), from €93,212 to €86,964
- Financial charges -€1,526
down €1,526 (-86.6%), from €1,761 to €235
- Taxes +€1,274
up €1,274 (+7.6%), from €16,777 to €18,050
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 | €360,603 | €206,407 | -€154,195 | -42.8% |
| Current assets | 29/58 | €360,603 | €206,407 | -€154,195 | -42.8% |
| Amounts receivable within one year | 40/41 | €113,447 | €143,477 | +€30,030 | +26.5% |
| Trade receivables | 40 | €100,959 | €88,080 | -€12,879 | -12.8% |
| Other amounts receivable | 41 | €12,488 | €55,397 | +€42,909 | +344% |
| Cash at bank and in hand | 54/58 | €247,156 | €62,931 | -€184,225 | -74.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €360,603 | €206,407 | -€154,195 | -42.8% |
| Equity | 10/15 | €219,230 | €69,950 | -€149,280 | -68.1% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €217,730 | €68,450 | -€149,280 | -68.6% |
| Distributable reserves | 133 | €217,730 | €68,450 | -€149,280 | -68.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €141,373 | €136,457 | -€4,915 | -3.5% |
| Amounts payable within one year | 42/48 | €139,561 | €136,457 | -€3,104 | -2.2% |
| Trade debts | 44 | €76,519 | €32,606 | -€43,912 | -57.4% |
| Suppliers | 440/4 | €76,519 | €32,606 | -€43,912 | -57.4% |
| Taxes, remuneration and social security | 45 | €46,996 | €16,777 | -€30,220 | -64.3% |
| Taxes | 450/3 | €46,996 | €16,777 | -€30,220 | -64.3% |
| Other amounts payable | 47/48 | €16,046 | €87,074 | +€71,028 | +443% |
| Accrued charges and deferred income | 492/3 | €1,811 | €0 | -€1,811 | -100% |
| Other operating charges | 640/8 | €10,846 | €400 | -€10,446 | -96.3% |
| Gross operating margin | 9900 | €93,212 | €86,964 | -€6,247 | -6.7% |
| Operating profit (loss) | 9901 | €82,366 | €86,565 | +€4,199 | +5.1% |
| Financial income | 75/76B | €0 | €171 | +€171 | |
| Recurring financial income | 75 | €0 | €171 | +€171 | |
| Financial charges | 65/66B | €1,761 | €235 | -€1,526 | -86.6% |
| Recurring financial charges | 65 | €1,761 | €235 | -€1,526 | -86.6% |
| Profit (loss) for the period before taxes | 9903 | €80,604 | €86,500 | +€5,896 | +7.3% |
| Income taxes | 67/77 | €16,777 | €18,050 | +€1,274 | +7.6% |
| Profit (loss) for the period | 9904 | €63,828 | €68,450 | +€4,622 | +7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €63,828 | €68,450 | +€4,622 | +7.2% |
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 28 October 2026 via checked.be.