BETWEEN 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.
BETWEEN LOGISTICS
Largest movements
- Cash +€249,756
up €249,756 (+295.1%), from €84,636 to €334,392
mainly Other debts (+€264,648) and Net result for the year (+€136,360)
- Current investments -€84,163
down €84,163 (-6.5%), from €1.3m to €1.2m
- Other debts +€264,648
up €264,648 (+240.6%), from €110,000 to €374,648
- Reserves -€143,640
down €143,640 (-8.1%), from €1.8m to €1.6m
- Financial income +€27,238
up €27,238 (+25.4%), from €107,057 to €134,295
of which Financial income: +€27,238
- Gross operating margin +€22,632
up €22,632 (+43.5%), from €52,046 to €74,678
- Taxes +€17,681
up €17,681 (+81.2%), from €21,766 to €39,447
- Other operating charges +€5,389
up €5,389 (+551.9%), from €976 to €6,366
- Financial charges +€3,122
up €3,122 (+29.4%), from €10,617 to €13,739
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,902,628 | €2,045,567 | +€142,939 | +7.5% |
| Fixed assets | 21/28 | €162,035 | €157,247 | -€4,788 | -3.0% |
| Tangible fixed assets | 22/27 | €54,072 | €49,284 | -€4,788 | -8.9% |
| Furniture and vehicles | 24 | €34,431 | €26,144 | -€8,287 | -24.1% |
| Other tangible fixed assets | 26 | €19,641 | €23,139 | +€3,498 | +17.8% |
| Financial fixed assets | 28 | €107,964 | €107,964 | = | 0.0% |
| Current assets | 29/58 | €1,740,593 | €1,888,320 | +€147,727 | +8.5% |
| Amounts receivable within one year | 40/41 | €357,744 | €338,368 | -€19,376 | -5.4% |
| Trade receivables | 40 | €10,641 | €14,271 | +€3,630 | +34.1% |
| Other amounts receivable | 41 | €347,103 | €324,097 | -€23,006 | -6.6% |
| Current investments | 50/53 | €1,296,838 | €1,212,675 | -€84,163 | -6.5% |
| Cash at bank and in hand | 54/58 | €84,636 | €334,392 | +€249,756 | +295.1% |
| Deferred charges and accrued income | 490/1 | €1,375 | €2,885 | +€1,510 | +109.8% |
| Total equity and liabilities | 10/49 | €1,902,628 | €2,045,567 | +€142,939 | +7.5% |
| Equity | 10/15 | €1,782,214 | €1,638,574 | -€143,640 | -8.1% |
| Reserves | 13 | €1,782,214 | €1,638,574 | -€143,640 | -8.1% |
| Distributable reserves | 133 | €1,782,214 | €1,638,574 | -€143,640 | -8.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €120,415 | €406,993 | +€286,578 | +238.0% |
| Amounts payable within one year | 42/48 | €119,931 | €404,923 | +€284,992 | +237.6% |
| Trade debts | 44 | €844 | €4,209 | +€3,364 | +398.4% |
| Suppliers | 440/4 | €844 | €4,209 | +€3,364 | +398.4% |
| Taxes, remuneration and social security | 45 | €9,086 | €26,066 | +€16,980 | +186.9% |
| Taxes | 450/3 | €9,086 | €26,066 | +€16,980 | +186.9% |
| Other amounts payable | 47/48 | €110,000 | €374,648 | +€264,648 | +240.6% |
| Accrued charges and deferred income | 492/3 | €484 | €2,070 | +€1,586 | +327.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,372 | €13,061 | +€689 | +5.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €976 | €6,366 | +€5,389 | +551.9% |
| Gross operating margin | 9900 | €52,046 | €74,678 | +€22,632 | +43.5% |
| Operating profit (loss) | 9901 | €38,697 | €55,251 | +€16,554 | +42.8% |
| Financial income | 75/76B | €107,057 | €134,295 | +€27,238 | +25.4% |
| Recurring financial income | 75 | €107,057 | €134,295 | +€27,238 | +25.4% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €10,617 | €13,739 | +€3,122 | +29.4% |
| Recurring financial charges | 65 | €10,617 | €13,739 | +€3,122 | +29.4% |
| Profit (loss) for the period before taxes | 9903 | €135,137 | €175,807 | +€40,671 | +30.1% |
| Income taxes | 67/77 | €21,766 | €39,447 | +€17,681 | +81.2% |
| Profit (loss) for the period | 9904 | €113,371 | €136,360 | +€22,989 | +20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €113,371 | €136,360 | +€22,989 | +20.3% |
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 11 October 2026 via checked.be.