BORGLOON LOGISTIEK: what changed
What changed
BORGLOON LOGISTIEK
NACE 77.310, Rental and leasing activities
filed annual accounts (NBB)
Net result for the year
€82,156
2024 · €34,836+€47,319
Equity
€1.2m
2024 · €1.1m+€82,156
Cash
€5,989
2024 · €10,368-€4,380
Balance sheet total
€1.4m
2024 · €1.9m-€456,735
Largest movements
Assets
- Receivables within one year -€1.3m
down €1.3m (-87.3%), from €1.5m to €191,387
of which Trade receivables: -€1.3m
- Receivables after one year +€860,000
new in 2025: €860,000
Equity and liabilities
- Trade debts -€360,739
down €360,739 (-90.8%), from €397,213 to €36,474
- Profit (loss) carried forward +€109,506
up €109,506 (+19.9%), from €550,697 to €660,203
- Other debts -€102,066
down €102,066 (-100%), from €102,066 to €0
- Debts after one year -€74,079
down €74,079 (-42.1%), from €175,835 to €101,756
- Reserves -€27,350
down €27,350 (-15.7%), from €174,626 to €147,276
of which Tax-exempt reserves: -€27,350
Income statement
- Financial income +€46,339
up €46,339 (+463,388,300%), from €0 to €46,339
- Gross operating margin +€42,040
up €42,040 (+28.3%), from €148,458 to €190,498
- Taxes +€32,205
up €32,205 (+359%), from €8,977 to €41,182
- Depreciation +€14,117
up €14,117 (+14.4%), from €98,144 to €112,261
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
€34,836
Gross operating margin
+€42,040
Depreciation
-€14,117
Other operating charges
-€169
Other operating items
+€479
Financial income
+€46,339
Financial charges
-€897
Taxes
-€32,205
Deferred taxes and other
+€5,849
Result 2025
€82,156
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
+€177,549
Investment
-€94,994
Financing
-€86,935
Cash 2024
€10,368
From operations (derived)
+€177,549
Net result for the year
+€82,156
Depreciation
+€112,261
Receivables after one year
-€860,000
Receivables within one year
+€1.3m
Deferred charges and accrued income
-€16,023
Provisions
-€8,526
Trade debts
-€360,739
Tax, wage and social debts
+€26,253
Other debts
-€102,066
Accrued charges and deferred income
-€6,878
Investment (derived)
-€94,994
Investment in fixed assets (net)
-€94,994
Financing
-€86,935
Debts after one year
-€74,079
Current portion of long-term debt
-€12,856
Cash 2025
€5,989
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,883,033 | €1,426,298 | -€456,735 | -24.3% |
| Fixed assets | 21/28 | €351,657 | €334,390 | -€17,267 | -4.9% |
| Tangible fixed assets | 22/27 | €351,657 | €334,390 | -€17,267 | -4.9% |
| Plant, machinery and equipment | 23 | €40,810 | €44,340 | +€3,530 | +8.7% |
| Furniture and vehicles | 24 | €65,602 | €84,234 | +€18,632 | +28.4% |
| Leasing and similar rights | 25 | €245,245 | €205,816 | -€39,429 | -16.1% |
| Current assets | 29/58 | €1,531,376 | €1,091,909 | -€439,468 | -28.7% |
| Amounts receivable after more than one year | 29 | - | €860,000 | +€860,000 | |
| Other amounts receivable | 291 | - | €860,000 | +€860,000 | |
| Amounts receivable within one year | 40/41 | €1,502,498 | €191,387 | -€1.3m | -87.3% |
| Trade receivables | 40 | €1,488,647 | €184,929 | -€1.3m | -87.6% |
| Other amounts receivable | 41 | €13,851 | €6,458 | -€7,392 | -53.4% |
| Cash at bank and in hand | 54/58 | €10,368 | €5,989 | -€4,380 | -42.2% |
| Deferred charges and accrued income | 490/1 | €18,510 | €34,533 | +€16,023 | +86.6% |
| Total equity and liabilities | 10/49 | €1,883,033 | €1,426,298 | -€456,735 | -24.3% |
| Equity | 10/15 | €1,100,323 | €1,182,479 | +€82,156 | +7.5% |
| Contributions | 10/11 | €375,000 | €375,000 | = | 0.0% |
| Capital | 10 | €375,000 | €375,000 | = | 0.0% |
| Issued capital | 100 | €375,000 | €375,000 | = | 0.0% |
| Reserves | 13 | €174,626 | €147,276 | -€27,350 | -15.7% |
| Non-distributable reserves | 130/1 | €37,500 | €37,500 | = | 0.0% |
| Legal reserve | 130 | €37,500 | €37,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €137,126 | €109,776 | -€27,350 | -19.9% |
| Profit (loss) carried forward | 14 | €550,697 | €660,203 | +€109,506 | +19.9% |
| Provisions and deferred taxes | 16 | €8,526 | €0 | -€8,526 | -100% |
| Deferred taxes | 168 | €8,526 | €0 | -€8,526 | -100% |
| Amounts payable | 17/49 | €774,184 | €243,820 | -€530,365 | -68.5% |
| Amounts payable after more than one year | 17 | €175,835 | €101,756 | -€74,079 | -42.1% |
| Financial debts | 170/4 | €175,835 | €101,756 | -€74,079 | -42.1% |
| Amounts payable within one year | 42/48 | €591,471 | €142,063 | -€449,408 | -76.0% |
| Current portion of amounts payable after more than one year | 42 | €76,646 | €63,790 | -€12,856 | -16.8% |
| Trade debts | 44 | €397,213 | €36,474 | -€360,739 | -90.8% |
| Suppliers | 440/4 | €397,213 | €36,474 | -€360,739 | -90.8% |
| Taxes, remuneration and social security | 45 | €15,546 | €41,799 | +€26,253 | +169% |
| Taxes | 450/3 | €15,546 | €41,799 | +€26,253 | +169% |
| Other amounts payable | 47/48 | €102,066 | €0 | -€102,066 | -100% |
| Accrued charges and deferred income | 492/3 | €6,878 | €0 | -€6,878 | -100% |
| Non-recurring operating income | 76A | €18,476 | €14,700 | -€3,776 | -20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,144 | €112,261 | +€14,117 | +14.4% |
| Other operating charges | 640/8 | €1,030 | €1,199 | +€169 | +16.4% |
| Non-recurring operating charges | 66A | €479 | - | -€479 | |
| Gross operating margin | 9900 | €148,458 | €190,498 | +€42,040 | +28.3% |
| Operating profit (loss) | 9901 | €48,805 | €77,039 | +€28,234 | +57.8% |
| Financial income | 75/76B | €0 | €46,339 | +€46,339 | +463,388,300% |
| Recurring financial income | 75 | €0 | €46,339 | +€46,339 | +463,388,300% |
| Financial charges | 65/66B | €7,668 | €8,566 | +€897 | +11.7% |
| Recurring financial charges | 65 | €7,668 | €8,566 | +€897 | +11.7% |
| Profit (loss) for the period before taxes | 9903 | €41,137 | €114,812 | +€73,675 | +179% |
| Transfer from deferred taxes | 780 | €2,677 | €8,526 | +€5,849 | +219% |
| Income taxes | 67/77 | €8,977 | €41,182 | +€32,205 | +359% |
| Profit (loss) for the period | 9904 | €34,836 | €82,156 | +€47,319 | +136% |
| Transfer from tax-exempt reserves | 789 | €8,593 | €27,350 | +€18,757 | +218% |
| Profit (loss) for the period to be appropriated | 9905 | €43,429 | €109,506 | +€66,077 | +152% |
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 3 November 2026 via checked.be.