ACB 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.
ACB LOGISTICS
Largest movements
- Receivables within one year -€375,973
down €375,973 (-40.7%), from €923,319 to €547,346
of which Trade receivables: -€361,292
- Tangible fixed assets -€152,095
down €152,095 (-19.9%), from €765,886 to €613,791
of which Leasing and similar rights: -€164,977
- Cash +€100,729
up €100,729 (+36.3%), from €277,802 to €378,531
mainly Receivables within one year (+€375,973) and Net result for the year (+€313,267)
- Trade debts -€232,290
down €232,290 (-54.6%), from €425,156 to €192,866
- Debts after one year -€145,765
down €145,765 (-29.0%), from €502,300 to €356,535
- Short-term financial debts -€141,187
down €141,187 (-88.2%), from €160,145 to €18,958
of which Credit institutions: -€150,000
- Other debts +€100,000
up €100,000 (+49.8%), from €201,000 to €301,000
- Tax, wage and social debts -€35,100
down €35,100 (-32.9%), from €106,585 to €71,485
of which Taxes: -€17,578
- Staff costs -€78,776
down €78,776 (-10.1%), from €779,283 to €700,507
- Taxes +€30,126
up €30,126 (+38.4%), from €78,411 to €108,537
- Financial income +€27,593
up €27,593 (+74.1%), from €37,213 to €64,806
- Gross operating margin +€26,447
up €26,447 (+2.0%), from €1.3m to €1.3m
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 | €1,986,430 | €1,564,803 | -€421,627 | -21.2% |
| Fixed assets | 21/28 | €772,858 | €620,763 | -€152,095 | -19.7% |
| Tangible fixed assets | 22/27 | €765,886 | €613,791 | -€152,095 | -19.9% |
| Plant, machinery and equipment | 23 | €13,670 | €14,349 | +€679 | +5.0% |
| Furniture and vehicles | 24 | €148,287 | €160,600 | +€12,313 | +8.3% |
| Leasing and similar rights | 25 | €603,422 | €438,444 | -€164,977 | -27.3% |
| Other tangible fixed assets | 26 | €507 | €398 | -€110 | -21.6% |
| Financial fixed assets | 28 | €6,972 | €6,972 | = | 0.0% |
| Current assets | 29/58 | €1,213,572 | €944,040 | -€269,532 | -22.2% |
| Amounts receivable within one year | 40/41 | €923,319 | €547,346 | -€375,973 | -40.7% |
| Trade receivables | 40 | €876,011 | €514,719 | -€361,292 | -41.2% |
| Other amounts receivable | 41 | €47,308 | €32,627 | -€14,681 | -31.0% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €277,802 | €378,531 | +€100,729 | +36.3% |
| Deferred charges and accrued income | 490/1 | €12,451 | €18,162 | +€5,711 | +45.9% |
| Total equity and liabilities | 10/49 | €1,986,430 | €1,564,803 | -€421,627 | -21.2% |
| Equity | 10/15 | €388,206 | €399,373 | +€11,167 | +2.9% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €341,906 | €355,173 | +€13,267 | +3.9% |
| Tax-exempt reserves | 132 | €26,392 | €26,392 | = | 0.0% |
| Distributable reserves | 133 | €315,514 | €328,781 | +€13,267 | +4.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €6,300 | €4,200 | -€2,100 | -33.3% |
| Provisions and deferred taxes | 16 | €8,797 | €8,797 | = | 0.0% |
| Deferred taxes | 168 | €8,797 | €8,797 | = | 0.0% |
| Amounts payable | 17/49 | €1,589,426 | €1,156,633 | -€432,794 | -27.2% |
| Amounts payable after more than one year | 17 | €502,300 | €356,535 | -€145,765 | -29.0% |
| Financial debts | 170/4 | €502,300 | €356,535 | -€145,765 | -29.0% |
| Amounts payable within one year | 42/48 | €1,078,731 | €779,149 | -€299,582 | -27.8% |
| Current portion of amounts payable after more than one year | 42 | €185,844 | €194,840 | +€8,996 | +4.8% |
| Financial debts | 43 | €160,145 | €18,958 | -€141,187 | -88.2% |
| Credit institutions | 430/8 | €150,000 | €0 | -€150,000 | -100% |
| Other loans | 439 | €10,145 | €18,958 | +€8,813 | +86.9% |
| Trade debts | 44 | €425,156 | €192,866 | -€232,290 | -54.6% |
| Suppliers | 440/4 | €425,156 | €192,866 | -€232,290 | -54.6% |
| Taxes, remuneration and social security | 45 | €106,585 | €71,485 | -€35,100 | -32.9% |
| Taxes | 450/3 | €28,550 | €10,972 | -€17,578 | -61.6% |
| Remuneration and social security | 454/9 | €78,035 | €60,514 | -€17,521 | -22.5% |
| Other amounts payable | 47/48 | €201,000 | €301,000 | +€100,000 | +49.8% |
| Accrued charges and deferred income | 492/3 | €8,396 | €20,948 | +€12,553 | +150% |
| Non-recurring operating income | 76A | €1,670 | €4,339 | +€2,669 | +160% |
| Remuneration, social security and pensions | 62 | €779,283 | €700,507 | -€78,776 | -10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €214,519 | €221,706 | +€7,186 | +3.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€370 | -€370 | |
| Other operating charges | 640/8 | €1,796 | €2,213 | +€417 | +23.2% |
| Gross operating margin | 9900 | €1,293,560 | €1,320,008 | +€26,447 | +2.0% |
| Operating profit (loss) | 9901 | €297,962 | €395,952 | +€97,989 | +32.9% |
| Financial income | 75/76B | €37,213 | €64,806 | +€27,593 | +74.1% |
| Recurring financial income | 75 | €37,213 | €64,806 | +€27,593 | +74.1% |
| Financial charges | 65/66B | €42,864 | €38,953 | -€3,911 | -9.1% |
| Recurring financial charges | 65 | €42,864 | €38,953 | -€3,911 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €292,311 | €421,804 | +€129,493 | +44.3% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €78,411 | €108,537 | +€30,126 | +38.4% |
| Profit (loss) for the period | 9904 | €213,900 | €313,267 | +€99,367 | +46.5% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €213,900 | €313,267 | +€99,367 | +46.5% |
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 26 October 2026 via checked.be.