B&R 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.
What changed
B&R Logistics
NACE 77.320, Rental and leasing activities
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€10,604
2024 · -€303,101+€292,498
Equity
€1.9m
2024 · €1.9m-€10,604
Cash
€187,668
2024 · €243,934-€56,267
Balance sheet total
€8.0m
2024 · €9.2m-€1.3m
Largest movements
Assets
- Tangible fixed assets -€1.2m
down €1.2m (-20.2%), from €6.0m to €4.8m
of which Plant, machinery and equipment: -€616,810
- Financial fixed assets -€341,066
down €341,066 (-23.8%), from €1.4m to €1.1m
of which Affiliated companies: -€341,066
- Receivables within one year +€284,277
up €284,277 (+38.7%), from €735,312 to €1.0m
of which Trade receivables: +€262,991
Equity and liabilities
- Debts after one year -€662,719
down €662,719 (-20.4%), from €3.2m to €2.6m
- Other debts -€350,295
down €350,295 (-17.8%), from €2.0m to €1.6m
- Current portion of long-term debt -€222,065
down €222,065 (-15.0%), from €1.5m to €1.3m
Income statement
- Depreciation -€379,514
down €379,514 (-17.0%), from €2.2m to €1.9m
- Other operating income -€223,873
down €223,873 (-37.2%), from €602,481 to €378,608
- Goods and materials -€202,092
down €202,092 (-4.3%), from €4.7m to €4.5m
of which Purchases: -€170,872
- Financial charges +€193,212
up €193,212 (+62.7%), from €308,146 to €501,359
of which Non-recurring financial charges: +€241,066
- Staff costs -€153,247
down €153,247 (-6.9%), from €2.2m to €2.1m
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.
Result 2024
-€303,101
Turnover
-€114,981
Other operating income
-€223,873
Goods and materials
+€202,092
Services and other goods
+€83,446
Staff costs
+€153,247
Depreciation
+€379,514
Other operating charges
+€6,034
Financial income
-€387
Financial charges
-€193,212
Taxes
+€3,433
Deferred taxes and other
-€2,815
Result 2025
-€10,604
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.
From operations
+€1.1m
Investment
-€293,592
Financing
-€884,784
Cash 2024
€243,934
From operations (derived)
+€1.1m
Net result for the year
-€10,604
Depreciation
+€1.9m
Stocks and contracts
-€62,372
Receivables within one year
-€284,277
Provisions
-€17,941
Smaller working-capital items
-€4,963
Other debts
-€350,295
Investment (derived)
-€293,592
Investment in fixed assets (net)
-€293,592
Financing
-€884,784
Debts after one year
-€662,719
Current portion of long-term debt
-€222,065
Cash 2025
€187,668
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,220,565 | €7,951,979 | -€1.3m | -13.8% |
| Fixed assets | 21/28 | €7,473,691 | €5,914,723 | -€1.6m | -20.9% |
| Tangible fixed assets | 22/27 | €6,043,564 | €4,825,661 | -€1.2m | -20.2% |
| Plant, machinery and equipment | 23 | €3,564,543 | €2,947,733 | -€616,810 | -17.3% |
| Furniture and vehicles | 24 | €1,016,015 | €827,755 | -€188,260 | -18.5% |
| Leasing and similar rights | 25 | €1,391,323 | €1,021,269 | -€370,054 | -26.6% |
| Other tangible fixed assets | 26 | €71,683 | €28,904 | -€42,778 | -59.7% |
| Financial fixed assets | 28 | €1,430,128 | €1,089,062 | -€341,066 | -23.8% |
| Affiliated companies | 280/1 | €1,417,243 | €1,076,177 | -€341,066 | -24.1% |
| Participating interests | 280 | €1,417,243 | €1,076,177 | -€341,066 | -24.1% |
| Other financial fixed assets | 284/8 | €12,885 | €12,885 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €12,885 | €12,885 | = | 0.0% |
| Current assets | 29/58 | €1,746,874 | €2,037,256 | +€290,382 | +16.6% |
| Stocks and contracts in progress | 3 | €767,628 | €830,000 | +€62,372 | +8.1% |
| Stocks | 30/36 | €767,628 | €830,000 | +€62,372 | +8.1% |
| Goods purchased for resale | 34 | €767,628 | €830,000 | +€62,372 | +8.1% |
| Amounts receivable within one year | 40/41 | €735,312 | €1,019,589 | +€284,277 | +38.7% |
| Trade receivables | 40 | €701,733 | €964,724 | +€262,991 | +37.5% |
| Other amounts receivable | 41 | €33,579 | €54,864 | +€21,286 | +63.4% |
| Cash at bank and in hand | 54/58 | €243,934 | €187,668 | -€56,267 | -23.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €9,220,565 | €7,951,979 | -€1.3m | -13.8% |
| Equity | 10/15 | €1,884,191 | €1,873,588 | -€10,604 | -0.6% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €1,384,191 | €1,373,588 | -€10,604 | -0.8% |
| Tax-exempt reserves | 132 | €307,005 | €253,182 | -€53,824 | -17.5% |
| Distributable reserves | 133 | €1,077,186 | €1,120,406 | +€43,220 | +4.0% |
| Provisions and deferred taxes | 16 | €27,499 | €9,558 | -€17,941 | -65.2% |
| Deferred taxes | 168 | €27,499 | €9,558 | -€17,941 | -65.2% |
| Amounts payable | 17/49 | €7,308,875 | €6,068,833 | -€1.2m | -17.0% |
| Amounts payable after more than one year | 17 | €3,247,907 | €2,585,188 | -€662,719 | -20.4% |
| Financial debts | 170/4 | €3,247,907 | €2,585,188 | -€662,719 | -20.4% |
| Leasing and similar obligations | 172 | €694,800 | €609,083 | -€85,717 | -12.3% |
| Credit institutions | 173 | €2,553,107 | €1,976,106 | -€577,001 | -22.6% |
| Amounts payable within one year | 42/48 | €4,060,968 | €3,483,645 | -€577,323 | -14.2% |
| Current portion of amounts payable after more than one year | 42 | €1,484,025 | €1,261,960 | -€222,065 | -15.0% |
| Trade debts | 44 | €506,515 | €504,259 | -€2,256 | -0.4% |
| Suppliers | 440/4 | €506,515 | €504,259 | -€2,256 | -0.4% |
| Taxes, remuneration and social security | 45 | €106,860 | €104,153 | -€2,707 | -2.5% |
| Taxes | 450/3 | €1,952 | €32,158 | +€30,206 | +1547.8% |
| Remuneration and social security | 454/9 | €104,909 | €71,995 | -€32,914 | -31.4% |
| Other amounts payable | 47/48 | €1,963,568 | €1,613,273 | -€350,295 | -17.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Operating income | 70/76A | €10,329,948 | €9,991,094 | -€338,854 | -3.3% |
| Turnover | 70 | €9,727,467 | €9,612,486 | -€114,981 | -1.2% |
| Other operating income | 74 | €602,481 | €378,608 | -€223,873 | -37.2% |
| Operating charges | 60/66A | €10,310,480 | €9,486,147 | -€824,333 | -8.0% |
| Goods for resale, raw materials and consumables | 60 | €4,674,673 | €4,472,581 | -€202,092 | -4.3% |
| Purchases | 600/8 | €4,705,825 | €4,534,953 | -€170,872 | -3.6% |
| Change in stocks: decrease (increase) | 609 | -€31,152 | -€62,372 | -€31,220 | -100.2% |
| Services and other goods | 61 | €1,152,142 | €1,068,696 | -€83,446 | -7.2% |
| Remuneration, social security and pensions | 62 | €2,214,696 | €2,061,449 | -€153,247 | -6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,232,074 | €1,852,560 | -€379,514 | -17.0% |
| Other operating charges | 640/8 | €36,895 | €30,861 | -€6,034 | -16.4% |
| Operating profit (loss) | 9901 | €19,468 | €504,947 | +€485,479 | +2493.7% |
| Financial income | 75/76B | €387 | €0 | -€387 | -100.0% |
| Recurring financial income | 75 | €387 | €0 | -€387 | -100.0% |
| Other financial income | 752/9 | €387 | €0 | -€387 | -100.0% |
| Financial charges | 65/66B | €308,146 | €501,359 | +€193,212 | +62.7% |
| Recurring financial charges | 65 | €308,145 | €260,292 | -€47,853 | -15.5% |
| Debt charges | 650 | €301,606 | €257,591 | -€44,016 | -14.6% |
| Other financial charges | 652/9 | €6,539 | €2,702 | -€3,837 | -58.7% |
| Non-recurring financial charges | 66B | €1 | €241,067 | +€241,066 | +24350051.5% |
| Profit (loss) for the period before taxes | 9903 | -€288,291 | €3,589 | +€291,880 | |
| Transfer from deferred taxes | 780 | €20,756 | €17,941 | -€2,815 | -13.6% |
| Income taxes | 67/77 | €35,566 | €32,133 | -€3,433 | -9.7% |
| Taxes | 670/3 | €35,566 | €32,133 | -€3,433 | -9.7% |
| Profit (loss) for the period | 9904 | -€303,101 | -€10,604 | +€292,498 | +96.5% |
| Transfer from tax-exempt reserves | 789 | €62,268 | €53,824 | -€8,444 | -13.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€240,833 | €43,220 | +€284,054 |
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 9 October 2026 via checked.be.