BDC 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.
BDC LOGISTICS
Largest movements
- Receivables within one year +€67,738
up €67,738 (+38.2%), from €177,332 to €245,070
of which Other amounts receivable: +€67,738
- Cash -€18,741
down €18,741 (-42.3%), from €44,258 to €25,517
mainly Contributions, distributions and other (-€100,200) and Receivables within one year (-€67,738)
- Tangible fixed assets -€11,501
down €11,501 (-14.6%), from €78,875 to €67,374
of which Other tangible fixed assets: -€7,043
- Other debts +€71,830
up €71,830 (+1,128%), from €6,370 to €78,200
- Reserves -€41,500
down €41,500 (-15.9%), from €261,560 to €220,060
of which Distributable reserves: -€41,500
- Tax, wage and social debts +€7,009
up €7,009 (+26.3%), from €26,684 to €33,693
- Gross operating margin -€53,385
down €53,385 (-35.1%), from €152,111 to €98,726
- Taxes -€11,840
down €11,840 (-30.0%), from €39,403 to €27,562
- Depreciation +€3,653
up €3,653 (+46.5%), from €7,848 to €11,501
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 | €302,211 | €338,871 | +€36,660 | +12.1% |
| Fixed assets | 21/28 | €78,875 | €67,374 | -€11,501 | -14.6% |
| Tangible fixed assets | 22/27 | €78,875 | €67,374 | -€11,501 | -14.6% |
| Plant, machinery and equipment | 23 | €10,984 | €7,241 | -€3,743 | -34.1% |
| Furniture and vehicles | 24 | €1,668 | €952 | -€715 | -42.9% |
| Other tangible fixed assets | 26 | €66,224 | €59,181 | -€7,043 | -10.6% |
| Current assets | 29/58 | €223,336 | €271,497 | +€48,161 | +21.6% |
| Amounts receivable within one year | 40/41 | €177,332 | €245,070 | +€67,738 | +38.2% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €177,332 | €245,070 | +€67,738 | +38.2% |
| Cash at bank and in hand | 54/58 | €44,258 | €25,517 | -€18,741 | -42.3% |
| Deferred charges and accrued income | 490/1 | €1,747 | €911 | -€836 | -47.9% |
| Total equity and liabilities | 10/49 | €302,211 | €338,871 | +€36,660 | +12.1% |
| Equity | 10/15 | €268,221 | €226,730 | -€41,491 | -15.5% |
| Contributions | 10/11 | €6,600 | €6,600 | = | 0.0% |
| Reserves | 13 | €261,560 | €220,060 | -€41,500 | -15.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €259,700 | €218,200 | -€41,500 | -16.0% |
| Profit (loss) carried forward | 14 | €61 | €70 | +€9 | +15.5% |
| Amounts payable | 17/49 | €33,991 | €112,141 | +€78,150 | +230% |
| Amounts payable within one year | 42/48 | €33,991 | €112,141 | +€78,150 | +230% |
| Trade debts | 44 | €936 | €248 | -€689 | -73.5% |
| Suppliers | 440/4 | €936 | €248 | -€689 | -73.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €26,684 | €33,693 | +€7,009 | +26.3% |
| Taxes | 450/3 | €26,684 | €33,693 | +€7,009 | +26.3% |
| Other amounts payable | 47/48 | €6,370 | €78,200 | +€71,830 | +1,128% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,848 | €11,501 | +€3,653 | +46.5% |
| Other operating charges | 640/8 | €1,006 | €1,085 | +€79 | +7.9% |
| Gross operating margin | 9900 | €152,111 | €98,726 | -€53,385 | -35.1% |
| Operating profit (loss) | 9901 | €143,257 | €86,139 | -€57,117 | -39.9% |
| Financial income | 75/76B | €8 | €217 | +€209 | +2,701% |
| Recurring financial income | 75 | €8 | €217 | +€209 | +2,701% |
| Financial charges | 65/66B | €143 | €84 | -€59 | -41.4% |
| Recurring financial charges | 65 | €143 | €84 | -€59 | -41.4% |
| Profit (loss) for the period before taxes | 9903 | €143,121 | €86,272 | -€56,849 | -39.7% |
| Income taxes | 67/77 | €39,403 | €27,562 | -€11,840 | -30.0% |
| Profit (loss) for the period | 9904 | €103,718 | €58,709 | -€45,009 | -43.4% |
| Profit (loss) for the period to be appropriated | 9905 | €103,718 | €58,709 | -€45,009 | -43.4% |
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 13 October 2026 via checked.be.