A² LOGISTICS: what changed
Two fiscal 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.
A² LOGISTICS
Largest movements
- Tangible fixed assets -€112,427
down €112,427 (-6.2%), from €1.8m to €1.7m
of which Land and buildings: -€103,165
- Cash -€39,749
down €39,749 (-99.9%), from €39,777 to €28
mainly Current portion of long-term debt (-€115,431) and Trade debts (-€96,891)
- Profit (loss) carried forward +€117,169
up €117,169 (+15.2%), from -€769,390 to -€652,220
- Current portion of long-term debt -€115,431
down €115,431 (-75.4%), from €153,095 to €37,665
- Trade debts -€96,891
down €96,891 (-44.3%), from €218,803 to €121,912
- Debts after one year -€24,000
down €24,000 (-1.8%), from €1.3m to €1.3m
of which Other amounts payable: -€24,000
- Staff costs -€148,558
down €148,558 (-54.5%), from €272,547 to €123,989
- Depreciation +€48,766
up €48,766 (+75.3%), from €64,800 to €113,566
- Financial charges -€38,868
down €38,868 (-75.2%), from €51,715 to €12,848
- Gross operating margin -€26,336
down €26,336 (-6.6%), from €397,345 to €371,009
- Other operating charges +€5,142
up €5,142 (+42.1%), from €12,206 to €17,348
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,310,432 | €2,158,454 | -€151,978 | -6.6% |
| Fixed assets | 21/28 | €1,806,221 | €1,693,794 | -€112,427 | -6.2% |
| Tangible fixed assets | 22/27 | €1,799,621 | €1,687,194 | -€112,427 | -6.2% |
| Land and buildings | 22 | €1,763,454 | €1,660,289 | -€103,165 | -5.9% |
| Plant, machinery and equipment | 23 | €34,646 | €26,726 | -€7,920 | -22.9% |
| Furniture and vehicles | 24 | €1,521 | €179 | -€1,342 | -88.2% |
| Financial fixed assets | 28 | €6,600 | €6,600 | = | 0.0% |
| Current assets | 29/58 | €504,211 | €464,661 | -€39,551 | -7.8% |
| Amounts receivable within one year | 40/41 | €448,780 | €464,003 | +€15,223 | +3.4% |
| Trade receivables | 40 | €172,531 | €194,003 | +€21,473 | +12.4% |
| Other amounts receivable | 41 | €276,249 | €269,999 | -€6,249 | -2.3% |
| Cash at bank and in hand | 54/58 | €39,777 | €28 | -€39,749 | -99.9% |
| Deferred charges and accrued income | 490/1 | €15,655 | €630 | -€15,025 | -96.0% |
| Total equity and liabilities | 10/49 | €2,310,432 | €2,158,454 | -€151,978 | -6.6% |
| Equity | 10/15 | €473,898 | €591,067 | +€117,169 | +24.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,224,688 | €1,224,688 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,222,828 | €1,222,828 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€769,390 | -€652,220 | +€117,169 | +15.2% |
| Amounts payable | 17/49 | €1,836,534 | €1,567,387 | -€269,147 | -14.7% |
| Amounts payable after more than one year | 17 | €1,297,329 | €1,273,329 | -€24,000 | -1.8% |
| Financial debts | 170/4 | €1,270,029 | €1,270,029 | = | 0.0% |
| Other amounts payable | 178/9 | €27,300 | €3,300 | -€24,000 | -87.9% |
| Amounts payable within one year | 42/48 | €539,205 | €294,058 | -€245,147 | -45.5% |
| Current portion of amounts payable after more than one year | 42 | €153,095 | €37,665 | -€115,431 | -75.4% |
| Financial debts | 43 | €119,422 | €100,692 | -€18,730 | -15.7% |
| Credit institutions | 430/8 | €119,422 | €100,692 | -€18,730 | -15.7% |
| Trade debts | 44 | €218,803 | €121,912 | -€96,891 | -44.3% |
| Suppliers | 440/4 | €218,803 | €121,912 | -€96,891 | -44.3% |
| Taxes, remuneration and social security | 45 | €47,885 | €33,790 | -€14,096 | -29.4% |
| Taxes | 450/3 | €16,090 | €18,382 | +€2,292 | +14.2% |
| Remuneration and social security | 454/9 | €31,795 | €15,407 | -€16,387 | -51.5% |
| Remuneration, social security and pensions | 62 | €272,547 | €123,989 | -€148,558 | -54.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,800 | €113,566 | +€48,766 | +75.3% |
| Other operating charges | 640/8 | €12,206 | €17,348 | +€5,142 | +42.1% |
| Non-recurring operating charges | 66A | €120 | €0 | -€120 | -100.0% |
| Gross operating margin | 9900 | €397,345 | €371,009 | -€26,336 | -6.6% |
| Operating profit (loss) | 9901 | €47,672 | €116,106 | +€68,434 | +143.6% |
| Financial income | 75/76B | €10,187 | €13,911 | +€3,724 | +36.6% |
| Recurring financial income | 75 | €10,187 | €13,911 | +€3,724 | +36.6% |
| Financial charges | 65/66B | €51,715 | €12,848 | -€38,868 | -75.2% |
| Recurring financial charges | 65 | €51,715 | €12,848 | -€38,868 | -75.2% |
| Profit (loss) for the period before taxes | 9903 | €6,144 | €117,169 | +€111,026 | +1807.2% |
| Profit (loss) for the period | 9904 | €6,144 | €117,169 | +€111,026 | +1807.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,144 | €117,169 | +€111,026 | +1807.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.