BSM Logistic: what changed
Two fiscal 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.
BSM Logistic
Largest movements
- Tangible fixed assets -€20,025
down €20,025 (-30.6%), from €65,370 to €45,345
- Cash +€14,091
up €14,091 (+37.6%), from €37,452 to €51,543
mainly Depreciation (+€20,025) and Trade debts (+€16,024)
- Receivables within one year +€10,890
up €10,890 (+50.6%), from €21,507 to €32,397
- Trade debts +€16,024
up €16,024 (+129.2%), from €12,398 to €28,422
- Profit (loss) carried forward -€12,186
down €12,186 (-28.5%), from €42,727 to €30,541
- Other debts +€2,912
up €2,912 (+4.9%), from €59,725 to €62,637
- Tax, wage and social debts -€1,794
down €1,794 (-31.2%), from €5,756 to €3,962
- Taxes +€8,936
up €8,936 (+149.8%), from €5,966 to €14,902
- Gross operating margin -€1,956
down €1,956 (-6.6%), from €29,715 to €27,759
- Other operating charges +€553
up €553 (+13.3%), from €4,153 to €4,706
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 | €124,606 | €129,562 | +€4,956 | +4.0% |
| Fixed assets | 21/28 | €65,647 | €45,622 | -€20,025 | -30.5% |
| Tangible fixed assets | 22/27 | €65,370 | €45,345 | -€20,025 | -30.6% |
| Furniture and vehicles | 24 | €65,370 | €45,345 | -€20,025 | -30.6% |
| Financial fixed assets | 28 | €277 | €277 | = | 0.0% |
| Current assets | 29/58 | €58,959 | €83,940 | +€24,981 | +42.4% |
| Amounts receivable within one year | 40/41 | €21,507 | €32,397 | +€10,890 | +50.6% |
| Trade receivables | 40 | €21,507 | €32,397 | +€10,890 | +50.6% |
| Cash at bank and in hand | 54/58 | €37,452 | €51,543 | +€14,091 | +37.6% |
| Total equity and liabilities | 10/49 | €124,606 | €129,562 | +€4,956 | +4.0% |
| Equity | 10/15 | €46,727 | €34,541 | -€12,186 | -26.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,727 | €30,541 | -€12,186 | -28.5% |
| Amounts payable | 17/49 | €77,879 | €95,021 | +€17,142 | +22.0% |
| Amounts payable within one year | 42/48 | €77,879 | €95,021 | +€17,142 | +22.0% |
| Trade debts | 44 | €12,398 | €28,422 | +€16,024 | +129.2% |
| Suppliers | 440/4 | €12,398 | €28,422 | +€16,024 | +129.2% |
| Taxes, remuneration and social security | 45 | €5,756 | €3,962 | -€1,794 | -31.2% |
| Taxes | 450/3 | €5,756 | €3,962 | -€1,794 | -31.2% |
| Other amounts payable | 47/48 | €59,725 | €62,637 | +€2,912 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,874 | €20,025 | +€151 | +0.8% |
| Other operating charges | 640/8 | €4,153 | €4,706 | +€553 | +13.3% |
| Gross operating margin | 9900 | €29,715 | €27,759 | -€1,956 | -6.6% |
| Operating profit (loss) | 9901 | €5,688 | €3,028 | -€2,660 | -46.8% |
| Financial charges | 65/66B | €411 | €312 | -€99 | -24.1% |
| Recurring financial charges | 65 | €411 | €312 | -€99 | -24.1% |
| Profit (loss) for the period before taxes | 9903 | €5,277 | €2,716 | -€2,561 | -48.5% |
| Income taxes | 67/77 | €5,966 | €14,902 | +€8,936 | +149.8% |
| Profit (loss) for the period | 9904 | -€689 | -€12,186 | -€11,497 | -1668.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€689 | -€12,186 | -€11,497 | -1668.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.