C.S.T. LOGISTICS: 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.
What changed
C.S.T. LOGISTICS
NACE 52.250, Logistics services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€111,834
2024 · €147,786-€35,952
Equity
€1.6m
2024 · €1.5m+€111,834
Cash
€341,978
2024 · €351,918-€9,940
Balance sheet total
€3.9m
2024 · €3.8m+€70,219
Largest movements
Assets
- Current investments +€95,171
up €95,171 (+5.5%), from €1.7m to €1.8m
- Tangible fixed assets -€69,233
down €69,233 (-5.2%), from €1.3m to €1.3m
of which Land and buildings: -€67,881
- Receivables within one year +€46,121
up €46,121 (+479.0%), from €9,628 to €55,749
of which Other amounts receivable: +€44,321
Equity and liabilities
- Reserves +€111,834
up €111,834 (+8.3%), from €1.3m to €1.5m
of which Distributable reserves: +€148,379
Income statement
- Financial income +€173,670
up €173,670 (+373.0%), from €46,564 to €220,233
- Gross operating margin -€158,776
down €158,776 (-71.8%), from €221,047 to €62,271
- Taxes +€50,600
up €50,600 (+492.0%), from €10,285 to €60,885
- Financial charges +€9,626
up €9,626 (+28.4%), from €33,918 to €43,544
- Depreciation -€5,000
down €5,000 (-6.7%), from €74,233 to €69,233
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.
Result 2024
€147,786
Gross operating margin
-€158,776
Depreciation
+€5,000
Write-downs
+€1,194
Other operating charges
+€3,149
Financial income
+€173,670
Financial charges
-€9,626
Taxes
-€50,600
Deferred taxes and other
+€37
Result 2025
€111,834
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.
From operations
+€114,685
Investment
-€95,171
Financing
-€29,454
Cash 2024
€351,918
From operations (derived)
+€114,685
Net result for the year
+€111,834
Depreciation
+€69,233
Receivables within one year
-€46,121
Deferred charges and accrued income
-€8,100
Provisions
-€12,182
Trade debts
-€1,375
Tax, wage and social debts
+€310
Other debts
+€0
Accrued charges and deferred income
+€1,085
Investment (derived)
-€95,171
Investment in fixed assets (net)
-€0
Current investments
-€95,171
Financing
-€29,454
Debts after one year
-€29,757
Current portion of long-term debt
+€304
Contributions, distributions and other
+€0
Cash 2025
€341,978
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,844,343 | €3,914,561 | +€70,219 | +1.8% |
| Fixed assets | 21/28 | €1,321,797 | €1,252,564 | -€69,233 | -5.2% |
| Tangible fixed assets | 22/27 | €1,321,782 | €1,252,549 | -€69,233 | -5.2% |
| Land and buildings | 22 | €1,319,420 | €1,251,538 | -€67,881 | -5.1% |
| Furniture and vehicles | 24 | €2,362 | €1,010 | -€1,352 | -57.2% |
| Financial fixed assets | 28 | €15 | €15 | = | 0.0% |
| Current assets | 29/58 | €2,522,546 | €2,661,998 | +€139,452 | +5.5% |
| Amounts receivable after more than one year | 29 | €439,931 | €439,931 | = | 0.0% |
| Other amounts receivable | 291 | €439,931 | €439,931 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €9,628 | €55,749 | +€46,121 | +479.0% |
| Trade receivables | 40 | €9,628 | €11,428 | +€1,800 | +18.7% |
| Other amounts receivable | 41 | €0 | €44,321 | +€44,321 | |
| Current investments | 50/53 | €1,721,069 | €1,816,240 | +€95,171 | +5.5% |
| Cash at bank and in hand | 54/58 | €351,918 | €341,978 | -€9,940 | -2.8% |
| Deferred charges and accrued income | 490/1 | - | €8,100 | +€8,100 | |
| Total equity and liabilities | 10/49 | €3,844,343 | €3,914,561 | +€70,219 | +1.8% |
| Equity | 10/15 | €1,499,602 | €1,611,436 | +€111,834 | +7.5% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €1,349,602 | €1,461,436 | +€111,834 | +8.3% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €621,638 | €585,093 | -€36,545 | -5.9% |
| Distributable reserves | 133 | €712,964 | €861,343 | +€148,379 | +20.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €207,030 | €194,848 | -€12,182 | -5.9% |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Deferred taxes | 168 | €207,030 | €194,848 | -€12,182 | -5.9% |
| Amounts payable | 17/49 | €2,137,711 | €2,108,278 | -€29,434 | -1.4% |
| Amounts payable after more than one year | 17 | €991,089 | €961,332 | -€29,757 | -3.0% |
| Financial debts | 170/4 | €991,089 | €961,332 | -€29,757 | -3.0% |
| Amounts payable within one year | 42/48 | €1,144,122 | €1,143,361 | -€761 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €29,454 | €29,757 | +€304 | +1.0% |
| Trade debts | 44 | €13,580 | €12,204 | -€1,375 | -10.1% |
| Suppliers | 440/4 | €13,580 | €12,204 | -€1,375 | -10.1% |
| Taxes, remuneration and social security | 45 | €1,602 | €1,913 | +€310 | +19.4% |
| Taxes | 450/3 | €1,602 | €1,913 | +€310 | +19.4% |
| Other amounts payable | 47/48 | €1,099,487 | €1,099,487 | +€0 | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,500 | €3,585 | +€1,085 | +43.4% |
| Non-recurring operating income | 76A | €150,000 | €0 | -€150,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,233 | €69,233 | -€5,000 | -6.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,194 | €0 | -€1,194 | -100.0% |
| Other operating charges | 640/8 | €12,339 | €9,190 | -€3,149 | -25.5% |
| Gross operating margin | 9900 | €221,047 | €62,271 | -€158,776 | -71.8% |
| Operating profit (loss) | 9901 | €133,280 | -€16,153 | -€149,433 | |
| Financial income | 75/76B | €46,564 | €220,233 | +€173,670 | +373.0% |
| Recurring financial income | 75 | €46,564 | €220,233 | +€173,670 | +373.0% |
| Financial charges | 65/66B | €33,918 | €43,544 | +€9,626 | +28.4% |
| Recurring financial charges | 65 | €33,918 | €43,544 | +€9,626 | +28.4% |
| Profit (loss) for the period before taxes | 9903 | €145,926 | €160,537 | +€14,611 | +10.0% |
| Transfer from deferred taxes | 780 | €12,182 | €12,182 | +€0 | 0.0% |
| Transfer to deferred taxes | 680 | €37 | €0 | -€37 | -100.0% |
| Income taxes | 67/77 | €10,285 | €60,885 | +€50,600 | +492.0% |
| Profit (loss) for the period | 9904 | €147,786 | €111,834 | -€35,952 | -24.3% |
| Transfer from tax-exempt reserves | 789 | €36,545 | €36,545 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €110 | €0 | -€110 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €184,221 | €148,379 | -€35,842 | -19.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.