BDA 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.
BDA Logistics
Largest movements
- Tangible fixed assets +€513,737
up €513,737 (+101%), from €507,714 to €1.0m
of which Land and buildings: +€528,110
- Cash -€131,382
down €131,382 (-89.7%), from €146,529 to €15,147
mainly Investment in fixed assets (net) (-€647,983) and Receivables within one year (-€66,035)
- Receivables within one year +€66,035
up €66,035 (+112%), from €59,010 to €125,045
of which Trade receivables: +€63,342
- Debts after one year +€424,722
up €424,722 (+168%), from €253,071 to €677,793
- Tax, wage and social debts -€28,227
down €28,227 (-77.1%), from €36,593 to €8,365
of which Taxes: -€20,278
- Current portion of long-term debt +€23,544
up €23,544 (+50.9%), from €46,238 to €69,782
- Depreciation +€84,977
up €84,977 (+171%), from €49,611 to €134,588
- Staff costs -€41,702
down €41,702 (-19.0%), from €219,200 to €177,498
- Taxes -€23,234
down €23,234 (-88.8%), from €26,165 to €2,931
- Financial charges +€14,777
up €14,777 (+138%), from €10,705 to €25,482
- Gross operating margin -€11,328
down €11,328 (-3.1%), from €364,616 to €353,288
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 | €720,926 | €1,165,321 | +€444,394 | +61.6% |
| Fixed assets | 21/28 | €508,055 | €1,021,450 | +€513,396 | +101% |
| Intangible fixed assets | 21 | €341 | €0 | -€341 | -100% |
| Tangible fixed assets | 22/27 | €507,714 | €1,021,450 | +€513,737 | +101% |
| Land and buildings | 22 | €464,430 | €992,540 | +€528,110 | +114% |
| Plant, machinery and equipment | 23 | €30,827 | €22,204 | -€8,623 | -28.0% |
| Furniture and vehicles | 24 | €12,457 | €6,707 | -€5,750 | -46.2% |
| Current assets | 29/58 | €212,871 | €143,870 | -€69,001 | -32.4% |
| Amounts receivable within one year | 40/41 | €59,010 | €125,045 | +€66,035 | +112% |
| Trade receivables | 40 | €54,391 | €117,734 | +€63,342 | +116% |
| Other amounts receivable | 41 | €4,619 | €7,311 | +€2,692 | +58.3% |
| Cash at bank and in hand | 54/58 | €146,529 | €15,147 | -€131,382 | -89.7% |
| Deferred charges and accrued income | 490/1 | €7,333 | €3,679 | -€3,654 | -49.8% |
| Total equity and liabilities | 10/49 | €720,926 | €1,165,321 | +€444,394 | +61.6% |
| Equity | 10/15 | €310,194 | €317,524 | +€7,330 | +2.4% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €289,734 | €297,064 | +€7,330 | +2.5% |
| Tax-exempt reserves | 132 | €40,801 | €40,801 | = | 0.0% |
| Distributable reserves | 133 | €248,933 | €256,263 | +€7,330 | +2.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €410,732 | €847,797 | +€437,064 | +106% |
| Amounts payable after more than one year | 17 | €253,071 | €677,793 | +€424,722 | +168% |
| Financial debts | 170/4 | €253,071 | €677,793 | +€424,722 | +168% |
| Amounts payable within one year | 42/48 | €157,661 | €170,003 | +€12,342 | +7.8% |
| Current portion of amounts payable after more than one year | 42 | €46,238 | €69,782 | +€23,544 | +50.9% |
| Financial debts | 43 | €330 | €121 | -€208 | -63.1% |
| Credit institutions | 430/8 | €330 | €121 | -€208 | -63.1% |
| Trade debts | 44 | €36,525 | €38,964 | +€2,439 | +6.7% |
| Suppliers | 440/4 | €36,525 | €38,964 | +€2,439 | +6.7% |
| Advances received on contracts in progress | 46 | - | €4,574 | +€4,574 | |
| Taxes, remuneration and social security | 45 | €36,593 | €8,365 | -€28,227 | -77.1% |
| Taxes | 450/3 | €28,643 | €8,365 | -€20,278 | -70.8% |
| Remuneration and social security | 454/9 | €7,949 | €0 | -€7,949 | -100% |
| Other amounts payable | 47/48 | €37,976 | €48,196 | +€10,221 | +26.9% |
| Remuneration, social security and pensions | 62 | €219,200 | €177,498 | -€41,702 | -19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,611 | €134,588 | +€84,977 | +171% |
| Other operating charges | 640/8 | €7,232 | €4,327 | -€2,905 | -40.2% |
| Gross operating margin | 9900 | €364,616 | €353,288 | -€11,328 | -3.1% |
| Operating profit (loss) | 9901 | €88,573 | €36,875 | -€51,698 | -58.4% |
| Financial income | 75/76B | €221 | €533 | +€312 | +141% |
| Recurring financial income | 75 | €221 | €533 | +€312 | +141% |
| Financial charges | 65/66B | €10,705 | €25,482 | +€14,777 | +138% |
| Recurring financial charges | 65 | €10,705 | €25,482 | +€14,777 | +138% |
| Profit (loss) for the period before taxes | 9903 | €78,089 | €11,927 | -€66,162 | -84.7% |
| Income taxes | 67/77 | €26,165 | €2,931 | -€23,234 | -88.8% |
| Profit (loss) for the period | 9904 | €51,924 | €8,996 | -€42,928 | -82.7% |
| Profit (loss) for the period to be appropriated | 9905 | €51,924 | €8,996 | -€42,928 | -82.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.