ANTWERP FORWARDING & CUSTOMS SERVICES: what changed
What changed
ANTWERP FORWARDING & CUSTOMS SERVICES
NACE 52.250, Logistics services
filed annual accounts (NBB)
Net result for the year
-€927,020
2024 · €388,953-€1.3m
Equity
-€101,952
2024 · €825,068-€927,020
Cash
€484,583
2024 · €510,788-€26,205
Balance sheet total
€2.3m
2024 · €3.4m-€1.1m
Largest movements
Assets
- Receivables within one year -€1.0m
down €1.0m (-46.3%), from €2.2m to €1.2m
of which Trade receivables: -€974,707
- Tangible fixed assets -€64,542
down €64,542 (-9.2%), from €703,592 to €639,049
of which Furniture and vehicles: -€51,369
Equity and liabilities
- Reserves -€798,000
down €798,000 (-100%), from €798,000 to €0
- Trade debts +€458,280
up €458,280 (+48.6%), from €942,812 to €1.4m
- Debts after one year -€352,409
down €352,409 (-44.6%), from €789,276 to €436,867
- Profit (loss) carried forward -€129,020
down €129,020, from €8,468 to -€120,552
- Tax, wage and social debts -€96,382
down €96,382 (-44.9%), from €214,505 to €118,124
of which Taxes: -€101,332
Income statement
- Gross operating margin -€156,581
down €156,581 (-13.0%), from €1.2m to €1.0m
- Taxes -€147,775
down €147,775 (-98.6%), from €149,813 to €2,038
- Other operating charges +€78,713
up €78,713 (+292%), from €26,925 to €105,638
- Staff costs +€70,097
up €70,097 (+12.9%), from €544,713 to €614,809
- Depreciation +€19,361
up €19,361 (+42.9%), from €45,182 to €64,542
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€388,953
Gross operating margin
-€156,581
Staff costs
-€70,097
Depreciation
-€19,361
Other operating charges
-€78,713
Other operating items
-€1.1m
Financial income
+€3,994
Financial charges
-€12,790
Taxes
+€147,775
Result 2025
-€927,020
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€451,876
Investment
+€4,002
Financing
-€482,083
Cash 2024
€510,788
From operations (derived)
+€451,876
Net result for the year
-€927,020
Depreciation
+€64,542
Receivables within one year
+€1.0m
Trade debts
+€458,280
Tax, wage and social debts
-€96,382
Other debts
-€48,710
Investment (derived)
+€4,002
Investment in fixed assets (net)
+€4,002
Financing
-€482,083
Debts after one year
-€352,409
Current portion of long-term debt
-€46,105
Short-term financial debts
-€83,568
Cash 2025
€484,583
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,438,642 | €2,342,728 | -€1.1m | -31.9% |
| Fixed assets | 21/28 | €764,364 | €695,819 | -€68,544 | -9.0% |
| Tangible fixed assets | 22/27 | €703,592 | €639,049 | -€64,542 | -9.2% |
| Land and buildings | 22 | €509,003 | €497,558 | -€11,445 | -2.2% |
| Plant, machinery and equipment | 23 | €13,332 | €11,604 | -€1,728 | -13.0% |
| Furniture and vehicles | 24 | €181,257 | €129,888 | -€51,369 | -28.3% |
| Financial fixed assets | 28 | €60,772 | €56,770 | -€4,002 | -6.6% |
| Current assets | 29/58 | €2,674,278 | €1,646,909 | -€1.0m | -38.4% |
| Amounts receivable within one year | 40/41 | €2,163,490 | €1,162,325 | -€1.0m | -46.3% |
| Trade receivables | 40 | €2,131,485 | €1,156,778 | -€974,707 | -45.7% |
| Other amounts receivable | 41 | €32,005 | €5,547 | -€26,458 | -82.7% |
| Cash at bank and in hand | 54/58 | €510,788 | €484,583 | -€26,205 | -5.1% |
| Total equity and liabilities | 10/49 | €3,438,642 | €2,342,728 | -€1.1m | -31.9% |
| Equity | 10/15 | €825,068 | -€101,952 | -€927,020 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €798,000 | €0 | -€798,000 | -100% |
| Distributable reserves | 133 | €798,000 | €0 | -€798,000 | -100% |
| Profit (loss) carried forward | 14 | €8,468 | -€120,552 | -€129,020 | |
| Amounts payable | 17/49 | €2,613,573 | €2,444,680 | -€168,893 | -6.5% |
| Amounts payable after more than one year | 17 | €789,276 | €436,867 | -€352,409 | -44.6% |
| Financial debts | 170/4 | €789,276 | €436,867 | -€352,409 | -44.6% |
| Amounts payable within one year | 42/48 | €1,824,297 | €2,007,813 | +€183,516 | +10.1% |
| Current portion of amounts payable after more than one year | 42 | €398,514 | €352,409 | -€46,105 | -11.6% |
| Financial debts | 43 | €143,568 | €60,000 | -€83,568 | -58.2% |
| Credit institutions | 430/8 | €143,568 | €60,000 | -€83,568 | -58.2% |
| Trade debts | 44 | €942,812 | €1,401,092 | +€458,280 | +48.6% |
| Suppliers | 440/4 | €942,812 | €1,401,092 | +€458,280 | +48.6% |
| Taxes, remuneration and social security | 45 | €214,505 | €118,124 | -€96,382 | -44.9% |
| Taxes | 450/3 | €151,684 | €50,352 | -€101,332 | -66.8% |
| Remuneration and social security | 454/9 | €62,821 | €67,771 | +€4,950 | +7.9% |
| Other amounts payable | 47/48 | €124,897 | €76,188 | -€48,710 | -39.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €210,028 | €0 | -€210,028 | -100% |
| Remuneration, social security and pensions | 62 | €544,713 | €614,809 | +€70,097 | +12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,182 | €64,542 | +€19,361 | +42.9% |
| Other operating charges | 640/8 | €26,925 | €105,638 | +€78,713 | +292% |
| Non-recurring operating charges | 66A | - | €1,130,201 | +€1.1m | |
| Gross operating margin | 9900 | €1,205,162 | €1,048,581 | -€156,581 | -13.0% |
| Operating profit (loss) | 9901 | €588,342 | -€866,610 | -€1.5m | |
| Financial income | 75/76B | €791 | €4,785 | +€3,994 | +505% |
| Recurring financial income | 75 | €791 | €4,785 | +€3,994 | +505% |
| Financial charges | 65/66B | €50,367 | €63,157 | +€12,790 | +25.4% |
| Recurring financial charges | 65 | €50,367 | €63,157 | +€12,790 | +25.4% |
| Profit (loss) for the period before taxes | 9903 | €538,766 | -€924,982 | -€1.5m | |
| Income taxes | 67/77 | €149,813 | €2,038 | -€147,775 | -98.6% |
| Profit (loss) for the period | 9904 | €388,953 | -€927,020 | -€1.3m | |
| Profit (loss) for the period to be appropriated | 9905 | €388,953 | -€927,020 | -€1.3m |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.