A&F Logistics: 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.
A&F Logistics
Largest movements
- Receivables within one year -€12,572
down €12,572 (-51.6%), from €24,350 to €11,778
of which Other amounts receivable: -€7,955
- Tangible fixed assets +€10,887
up €10,887, from €0 to €10,887
- Cash -€10,244
down €10,244 (-75.6%), from €13,549 to €3,305
mainly Investment in fixed assets (net) (-€13,299) and Net result for the year (-€11,667)
- Profit (loss) carried forward -€11,667
new in 2025: -€11,667
- Other debts +€9,576
new in 2025: €9,576
- Trade debts -€8,332
down €8,332 (-54.5%), from €15,289 to €6,957
- Tax, wage and social debts -€1,506
down €1,506 (-31.3%), from €4,813 to €3,307
- Gross operating margin -€17,293
down €17,293, from €16,736 to -€557
- Taxes -€3,307
no longer reported in 2025 (was €3,307)
- Other operating charges +€2,968
up €2,968 (+169%), from €1,758 to €4,726
- Staff costs +€2,768
up €2,768 (+278%), from €994 to €3,762
- Depreciation +€356
up €356 (+17.3%), from €2,056 to €2,412
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 | €38,281 | €26,352 | -€11,929 | -31.2% |
| Fixed assets | 21/28 | €0 | €10,887 | +€10,887 | |
| Tangible fixed assets | 22/27 | €0 | €10,887 | +€10,887 | |
| Furniture and vehicles | 24 | €0 | €10,887 | +€10,887 | |
| Current assets | 29/58 | €38,281 | €15,465 | -€22,816 | -59.6% |
| Amounts receivable within one year | 40/41 | €24,350 | €11,778 | -€12,572 | -51.6% |
| Trade receivables | 40 | €13,739 | €9,122 | -€4,617 | -33.6% |
| Other amounts receivable | 41 | €10,611 | €2,656 | -€7,955 | -75.0% |
| Cash at bank and in hand | 54/58 | €13,549 | €3,305 | -€10,244 | -75.6% |
| Deferred charges and accrued income | 490/1 | €383 | €383 | = | 0.0% |
| Total equity and liabilities | 10/49 | €38,281 | €26,352 | -€11,929 | -31.2% |
| Equity | 10/15 | €18,179 | €6,512 | -€11,667 | -64.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €15,679 | €15,679 | = | 0.0% |
| Distributable reserves | 133 | €15,679 | €15,679 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€11,667 | -€11,667 | |
| Amounts payable | 17/49 | €20,102 | €19,840 | -€263 | -1.3% |
| Amounts payable within one year | 42/48 | €20,102 | €19,840 | -€263 | -1.3% |
| Trade debts | 44 | €15,289 | €6,957 | -€8,332 | -54.5% |
| Suppliers | 440/4 | €15,289 | €6,957 | -€8,332 | -54.5% |
| Taxes, remuneration and social security | 45 | €4,813 | €3,307 | -€1,506 | -31.3% |
| Taxes | 450/3 | €4,813 | €3,307 | -€1,506 | -31.3% |
| Other amounts payable | 47/48 | - | €9,576 | +€9,576 | |
| Remuneration, social security and pensions | 62 | €994 | €3,762 | +€2,768 | +278% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,056 | €2,412 | +€356 | +17.3% |
| Other operating charges | 640/8 | €1,758 | €4,726 | +€2,968 | +169% |
| Gross operating margin | 9900 | €16,736 | -€557 | -€17,293 | |
| Operating profit (loss) | 9901 | €11,927 | -€11,458 | -€23,385 | |
| Financial income | 75/76B | €383 | €84 | -€299 | -78.0% |
| Recurring financial income | 75 | €383 | €84 | -€299 | -78.0% |
| Financial charges | 65/66B | €184 | €293 | +€109 | +59.4% |
| Recurring financial charges | 65 | €184 | €293 | +€109 | +59.4% |
| Profit (loss) for the period before taxes | 9903 | €12,127 | -€11,667 | -€23,793 | |
| Income taxes | 67/77 | €3,307 | - | -€3,307 | |
| Profit (loss) for the period | 9904 | €8,819 | -€11,667 | -€20,486 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,819 | -€11,667 | -€20,486 |
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 30 October 2026 via checked.be.