ALL FREIGHT 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.
ALL FREIGHT LOGISTICS
Largest movements
- Receivables within one year -€995,651
down €995,651 (-23.9%), from €4.2m to €3.2m
of which Trade receivables: -€1.0m
- Cash +€625,924
up €625,924 (+52.5%), from €1.2m to €1.8m
mainly Net result for the year (+€1.2m) and Receivables within one year (+€995,651)
- Deferred charges and accrued income -€75,539
down €75,539 (-55.0%), from €137,297 to €61,758
- Trade debts -€250,152
down €250,152 (-8.7%), from €2.9m to €2.6m
- Reserves -€242,598
down €242,598 (-11.8%), from €2.1m to €1.8m
of which Distributable reserves: -€242,598
- Gross operating margin -€375,962
down €375,962 (-8.4%), from €4.5m to €4.1m
- Staff costs +€186,844
up €186,844 (+8.5%), from €2.2m to €2.4m
- Taxes -€150,412
down €150,412 (-26.4%), from €570,794 to €420,382
- Financial income -€54,775
down €54,775 (-45.3%), from €121,023 to €66,249
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.
Cash bridge derived
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 | €5,817,129 | €5,378,209 | -€438,920 | -7.5% |
| Fixed assets | 21/28 | €314,326 | €320,673 | +€6,347 | +2.0% |
| Tangible fixed assets | 22/27 | €314,326 | €320,673 | +€6,347 | +2.0% |
| Plant, machinery and equipment | 23 | €29,639 | €26,746 | -€2,893 | -9.8% |
| Furniture and vehicles | 24 | €171,036 | €151,756 | -€19,281 | -11.3% |
| Leasing and similar rights | 25 | €92,671 | €128,250 | +€35,579 | +38.4% |
| Other tangible fixed assets | 26 | €20,980 | €13,922 | -€7,058 | -33.6% |
| Current assets | 29/58 | €5,502,803 | €5,057,536 | -€445,267 | -8.1% |
| Amounts receivable within one year | 40/41 | €4,173,480 | €3,177,829 | -€995,651 | -23.9% |
| Trade receivables | 40 | €4,098,535 | €3,052,925 | -€1.0m | -25.5% |
| Other amounts receivable | 41 | €74,945 | €124,904 | +€49,959 | +66.7% |
| Cash at bank and in hand | 54/58 | €1,192,025 | €1,817,949 | +€625,924 | +52.5% |
| Deferred charges and accrued income | 490/1 | €137,297 | €61,758 | -€75,539 | -55.0% |
| Total equity and liabilities | 10/49 | €5,817,129 | €5,378,209 | -€438,920 | -7.5% |
| Equity | 10/15 | €2,288,193 | €2,045,595 | -€242,598 | -10.6% |
| Contributions | 10/11 | €230,568 | €230,568 | = | 0.0% |
| Capital | 10 | €230,568 | €230,568 | = | 0.0% |
| Issued capital | 100 | €230,568 | €230,568 | = | 0.0% |
| Reserves | 13 | €2,057,625 | €1,815,027 | -€242,598 | -11.8% |
| Non-distributable reserves | 130/1 | €23,057 | €23,057 | = | 0.0% |
| Legal reserve | 130 | €23,057 | €23,057 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,066 | €7,066 | = | 0.0% |
| Distributable reserves | 133 | €2,027,502 | €1,784,905 | -€242,598 | -12.0% |
| Amounts payable | 17/49 | €3,528,936 | €3,332,614 | -€196,322 | -5.6% |
| Amounts payable after more than one year | 17 | €145,218 | €140,872 | -€4,346 | -3.0% |
| Financial debts | 170/4 | €145,218 | €140,872 | -€4,346 | -3.0% |
| Amounts payable within one year | 42/48 | €3,383,717 | €3,191,742 | -€191,975 | -5.7% |
| Current portion of amounts payable after more than one year | 42 | €69,355 | €82,181 | +€12,826 | +18.5% |
| Financial debts | 43 | €162,519 | €162,206 | -€313 | -0.2% |
| Credit institutions | 430/8 | €162,519 | €162,206 | -€313 | -0.2% |
| Trade debts | 44 | €2,881,716 | €2,631,563 | -€250,152 | -8.7% |
| Suppliers | 440/4 | €2,881,716 | €2,631,563 | -€250,152 | -8.7% |
| Taxes, remuneration and social security | 45 | €270,128 | €315,792 | +€45,664 | +16.9% |
| Taxes | 450/3 | €34,538 | €60,639 | +€26,101 | +75.6% |
| Remuneration and social security | 454/9 | €235,590 | €255,153 | +€19,563 | +8.3% |
| Non-recurring operating income | 76A | €18,326 | €8,293 | -€10,034 | -54.8% |
| Remuneration, social security and pensions | 62 | €2,204,570 | €2,391,414 | +€186,844 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €147,041 | €151,545 | +€4,504 | +3.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,560 | €839 | -€4,721 | -84.9% |
| Other operating charges | 640/8 | €5,499 | €4,688 | -€810 | -14.7% |
| Gross operating margin | 9900 | €4,497,897 | €4,121,936 | -€375,962 | -8.4% |
| Operating profit (loss) | 9901 | €2,135,228 | €1,573,449 | -€561,779 | -26.3% |
| Financial income | 75/76B | €121,023 | €66,249 | -€54,775 | -45.3% |
| Recurring financial income | 75 | €121,023 | €66,249 | -€54,775 | -45.3% |
| Financial charges | 65/66B | €71,864 | €61,914 | -€9,950 | -13.8% |
| Recurring financial charges | 65 | €71,864 | €61,914 | -€9,950 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €2,184,387 | €1,577,784 | -€606,603 | -27.8% |
| Income taxes | 67/77 | €570,794 | €420,382 | -€150,412 | -26.4% |
| Profit (loss) for the period | 9904 | €1,613,593 | €1,157,402 | -€456,191 | -28.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,613,593 | €1,157,402 | -€456,191 | -28.3% |
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 10 October 2026 via checked.be.