AMBITIOUS 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.
AMBITIOUS LOGISTICS
Largest movements
- Intangible fixed assets -€53,579
down €53,579 (-22.0%), from €243,766 to €190,187
- Cash +€41,738
up €41,738 (+986%), from €4,231 to €45,969
mainly Trade debts (+€87,673) and Depreciation (+€66,127)
- Stocks and contracts +€23,620
up €23,620 (+104%), from €22,732 to €46,352
- Receivables within one year -€21,661
down €21,661 (-8.2%), from €263,934 to €242,273
of which Trade receivables: -€30,649
- Tangible fixed assets +€7,390
up €7,390 (+17.8%), from €41,489 to €48,879
of which Plant, machinery and equipment: +€9,908
- Trade debts +€87,673
up €87,673 (+21.1%), from €416,300 to €503,973
- Other debts -€72,013
no longer reported in 2025 (was €72,013)
- Profit (loss) carried forward -€11,581
down €11,581 (-43.0%), from -€26,940 to -€38,521
- Accrued charges and deferred income -€5,791
no longer reported in 2025 (was €5,791)
- Turnover -€333,992
down €333,992 (-33.6%), from €993,822 to €659,830
- Gross operating margin -€262,288
down €262,288 (-37.0%), from €709,496 to €447,208
- Purchases and services -€72,760
down €72,760 (-25.1%), from €290,106 to €217,346
- Staff costs -€33,599
down €33,599 (-8.2%), from €409,276 to €375,677
- Depreciation +€27,396
up €27,396 (+70.7%), from €38,731 to €66,127
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 | €576,152 | €573,754 | -€2,397 | -0.4% |
| Fixed assets | 21/28 | €285,255 | €239,066 | -€46,189 | -16.2% |
| Intangible fixed assets | 21 | €243,766 | €190,187 | -€53,579 | -22.0% |
| Tangible fixed assets | 22/27 | €41,489 | €48,879 | +€7,390 | +17.8% |
| Plant, machinery and equipment | 23 | €30,171 | €40,080 | +€9,908 | +32.8% |
| Furniture and vehicles | 24 | €11,318 | €8,799 | -€2,518 | -22.2% |
| Current assets | 29/58 | €290,897 | €334,688 | +€43,791 | +15.1% |
| Stocks and contracts in progress | 3 | €22,732 | €46,352 | +€23,620 | +104% |
| Stocks | 30/36 | €22,732 | €46,352 | +€23,620 | +104% |
| Amounts receivable within one year | 40/41 | €263,934 | €242,273 | -€21,661 | -8.2% |
| Trade receivables | 40 | €260,183 | €229,534 | -€30,649 | -11.8% |
| Other amounts receivable | 41 | €3,751 | €12,739 | +€8,988 | +240% |
| Cash at bank and in hand | 54/58 | €4,231 | €45,969 | +€41,738 | +986% |
| Deferred charges and accrued income | 490/1 | - | €94 | +€94 | |
| Total equity and liabilities | 10/49 | €576,152 | €573,754 | -€2,397 | -0.4% |
| Equity | 10/15 | -€6,940 | -€18,521 | -€11,581 | -167% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,940 | -€38,521 | -€11,581 | -43.0% |
| Amounts payable | 17/49 | €583,091 | €592,275 | +€9,184 | +1.6% |
| Amounts payable within one year | 42/48 | €577,300 | €592,275 | +€14,975 | +2.6% |
| Trade debts | 44 | €416,300 | €503,973 | +€87,673 | +21.1% |
| Suppliers | 440/4 | €416,300 | €503,973 | +€87,673 | +21.1% |
| Taxes, remuneration and social security | 45 | €88,988 | €88,302 | -€686 | -0.8% |
| Taxes | 450/3 | €25,483 | €23,199 | -€2,283 | -9.0% |
| Remuneration and social security | 454/9 | €63,505 | €65,103 | +€1,598 | +2.5% |
| Other amounts payable | 47/48 | €72,013 | - | -€72,013 | |
| Accrued charges and deferred income | 492/3 | €5,791 | - | -€5,791 | |
| Turnover | 70 | €993,822 | €659,830 | -€333,992 | -33.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €290,106 | €217,346 | -€72,760 | -25.1% |
| Remuneration, social security and pensions | 62 | €409,276 | €375,677 | -€33,599 | -8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,731 | €66,127 | +€27,396 | +70.7% |
| Other operating charges | 640/8 | €648 | €544 | -€104 | -16.1% |
| Gross operating margin | 9900 | €709,496 | €447,208 | -€262,288 | -37.0% |
| Operating profit (loss) | 9901 | €260,841 | €4,860 | -€255,981 | -98.1% |
| Financial income | 75/76B | €267 | - | -€267 | |
| Recurring financial income | 75 | €267 | - | -€267 | |
| Financial charges | 65/66B | €10,334 | €10,734 | +€400 | +3.9% |
| Recurring financial charges | 65 | €10,334 | €10,734 | +€400 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | €250,774 | -€5,874 | -€256,648 | |
| Income taxes | 67/77 | €9,522 | €5,708 | -€3,815 | -40.1% |
| Profit (loss) for the period | 9904 | €241,252 | -€11,581 | -€252,833 | |
| Profit (loss) for the period to be appropriated | 9905 | €241,252 | -€11,581 | -€252,833 |
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 22 October 2026 via checked.be.