AARSCHOT 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.
AARSCHOT LOGISTICS
Largest movements
- Receivables within one year +€595,131
up €595,131 (+52.2%), from €1.1m to €1.7m
of which Other amounts receivable: +€604,176
- Tangible fixed assets -€309,102
down €309,102 (-9.0%), from €3.4m to €3.1m
- Cash -€69,906
down €69,906 (-63.1%), from €110,764 to €40,858
mainly Receivables within one year (-€595,131) and Short-term financial debts (-€87,864)
- Profit (loss) carried forward +€339,784
up €339,784 (+76.0%), from -€446,935 to -€107,151
- Revaluation surpluses -€130,000
down €130,000 (-20.0%), from €650,000 to €520,000
- Reserves +€130,000
up €130,000 (+6.7%), from €2.0m to €2.1m
- Short-term financial debts -€87,864
down €87,864 (-3.8%), from €2.3m to €2.2m
- Taxes -€101,058
down €101,058 (-100%), from €101,058 to €0
- Depreciation -€75,947
down €75,947 (-19.3%), from €393,452 to €317,504
- Gross operating margin +€32,287
up €32,287 (+4.4%), from €732,598 to €764,885
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 | €4,690,569 | €4,906,692 | +€216,123 | +4.6% |
| Fixed assets | 21/28 | €3,440,499 | €3,131,397 | -€309,102 | -9.0% |
| Tangible fixed assets | 22/27 | €3,440,499 | €3,131,397 | -€309,102 | -9.0% |
| Land and buildings | 22 | €3,440,499 | €3,131,397 | -€309,102 | -9.0% |
| Current assets | 29/58 | €1,250,070 | €1,775,295 | +€525,225 | +42.0% |
| Amounts receivable within one year | 40/41 | €1,139,192 | €1,734,323 | +€595,131 | +52.2% |
| Trade receivables | 40 | €9,045 | €0 | -€9,045 | -100% |
| Other amounts receivable | 41 | €1,130,147 | €1,734,323 | +€604,176 | +53.5% |
| Cash at bank and in hand | 54/58 | €110,764 | €40,858 | -€69,906 | -63.1% |
| Deferred charges and accrued income | 490/1 | €114 | €115 | +€1 | +1.0% |
| Total equity and liabilities | 10/49 | €4,690,569 | €4,906,692 | +€216,123 | +4.6% |
| Equity | 10/15 | €2,215,065 | €2,554,849 | +€339,784 | +15.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €650,000 | €520,000 | -€130,000 | -20.0% |
| Reserves | 13 | €1,950,000 | €2,080,000 | +€130,000 | +6.7% |
| Distributable reserves | 133 | €1,950,000 | €2,080,000 | +€130,000 | +6.7% |
| Profit (loss) carried forward | 14 | -€446,935 | -€107,151 | +€339,784 | +76.0% |
| Amounts payable | 17/49 | €2,475,504 | €2,351,843 | -€123,661 | -5.0% |
| Amounts payable within one year | 42/48 | €2,475,504 | €2,351,843 | -€123,661 | -5.0% |
| Financial debts | 43 | €2,288,500 | €2,200,636 | -€87,864 | -3.8% |
| Credit institutions | 430/8 | €2,288,500 | €2,200,636 | -€87,864 | -3.8% |
| Trade debts | 44 | €1,840 | €1,842 | +€3 | +0.1% |
| Suppliers | 440/4 | €1,840 | €1,842 | +€3 | +0.1% |
| Taxes, remuneration and social security | 45 | €185,164 | €149,365 | -€35,799 | -19.3% |
| Taxes | 450/3 | €185,164 | €149,365 | -€35,799 | -19.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €393,452 | €317,504 | -€75,947 | -19.3% |
| Other operating charges | 640/8 | €63,508 | €65,374 | +€1,866 | +2.9% |
| Gross operating margin | 9900 | €732,598 | €764,885 | +€32,287 | +4.4% |
| Operating profit (loss) | 9901 | €275,638 | €382,006 | +€106,368 | +38.6% |
| Financial income | 75/76B | €76,500 | €76,546 | +€46 | +0.1% |
| Recurring financial income | 75 | €39,365 | €76,546 | +€37,180 | +94.4% |
| Non-recurring financial income | 76B | €37,135 | - | -€37,135 | |
| Financial charges | 65/66B | €123,339 | €118,767 | -€4,572 | -3.7% |
| Recurring financial charges | 65 | €123,339 | €118,767 | -€4,572 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | €228,798 | €339,784 | +€110,986 | +48.5% |
| Income taxes | 67/77 | €101,058 | €0 | -€101,058 | -100% |
| Profit (loss) for the period | 9904 | €127,741 | €339,784 | +€212,043 | +166% |
| Profit (loss) for the period to be appropriated | 9905 | €127,741 | €339,784 | +€212,043 | +166% |
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 23 October 2026 via checked.be.