C.Y. 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.
What changed
C.Y. Logistics
NACE 52.250, Logistics services
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€73,676
2023 · -€808,855+€735,179
Equity
€1.9m
2023 · €2.0m-€73,676
Cash
€481,151
2023 · €399,262+€81,888
Balance sheet total
€3.4m
2023 · €4.1m-€685,937
Largest movements
Assets
- Receivables within one year -€735,367
down €735,367 (-28.0%), from €2.6m to €1.9m
of which Trade receivables: -€466,041
- Cash +€81,888
up €81,888 (+20.5%), from €399,262 to €481,151
mainly Receivables within one year (+€735,367) and Depreciation (+€134,198)
- Tangible fixed assets -€78,445
down €78,445 (-8.3%), from €950,190 to €871,745
of which Furniture and vehicles: -€75,945
- Deferred charges and accrued income +€48,960
up €48,960 (+53.6%), from €91,382 to €140,342
Equity and liabilities
- Trade debts -€689,496
down €689,496 (-45.2%), from €1.5m to €834,260
- Other debts +€125,000
new in 2024: €125,000
- Reserves -€73,676
down €73,676 (-3.8%), from €1.9m to €1.8m
of which Distributable reserves: -€73,676
Income statement
- Turnover -€5.7m
no longer reported in 2024 (was €5.7m)
- Goods and materials -€2.6m
no longer reported in 2024 (was €2.6m)
- Gross operating margin +€2.2m
new in 2024: €2.2m
- Services and other goods -€2.2m
no longer reported in 2024 (was €2.2m)
- Other operating income -€876,983
no longer reported in 2024 (was €876,983)
From the 2023 result to the 2024 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 2023
-€808,855
Turnover
-€5.7m
Other operating income
-€876,983
Goods and materials
+€2.6m
Services and other goods
+€2.2m
Staff costs
+€348,500
Depreciation
+€4,440
Other operating charges
-€127,763
Other operating items
+€2.2m
Financial income
+€4,690
Financial charges
+€7,406
Taxes
+€3,189
Result 2024
-€73,676
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€161,010
Investment
-€52,779
Financing
-€26,343
Cash 2023
€399,262
From operations (derived)
+€161,010
Net result for the year
-€73,676
Depreciation
+€134,198
Receivables within one year
+€735,367
Deferred charges and accrued income
-€48,960
Trade debts
-€689,496
Tax, wage and social debts
-€21,609
Other debts
+€125,000
Accrued charges and deferred income
+€187
Investment (derived)
-€52,779
Investment in fixed assets (net)
-€52,779
Financing
-€26,343
Debts after one year
-€26,844
Current portion of long-term debt
+€501
Cash 2024
€481,151
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,110,055 | €3,424,118 | -€685,937 | -16.7% |
| Fixed assets | 21/28 | €988,936 | €907,517 | -€81,419 | -8.2% |
| Intangible fixed assets | 21 | €24,406 | €16,358 | -€8,047 | -33.0% |
| Tangible fixed assets | 22/27 | €950,190 | €871,745 | -€78,445 | -8.3% |
| Land and buildings | 22 | €584,411 | €583,163 | -€1,247 | -0.2% |
| Plant, machinery and equipment | 23 | €38,832 | €37,580 | -€1,252 | -3.2% |
| Furniture and vehicles | 24 | €326,947 | €251,002 | -€75,945 | -23.2% |
| Financial fixed assets | 28 | €14,341 | €19,414 | +€5,073 | +35.4% |
| Other financial fixed assets | 284/8 | €14,341 | - | -€14,341 | |
| Amounts receivable and cash guarantees | 285/8 | €14,341 | - | -€14,341 | |
| Current assets | 29/58 | €3,121,119 | €2,516,601 | -€604,518 | -19.4% |
| Amounts receivable within one year | 40/41 | €2,630,474 | €1,895,108 | -€735,367 | -28.0% |
| Trade receivables | 40 | €1,466,376 | €1,000,335 | -€466,041 | -31.8% |
| Other amounts receivable | 41 | €1,164,099 | €894,773 | -€269,325 | -23.1% |
| Cash at bank and in hand | 54/58 | €399,262 | €481,151 | +€81,888 | +20.5% |
| Deferred charges and accrued income | 490/1 | €91,382 | €140,342 | +€48,960 | +53.6% |
| Total equity and liabilities | 10/49 | €4,110,055 | €3,424,118 | -€685,937 | -16.7% |
| Equity | 10/15 | €1,982,256 | €1,908,580 | -€73,676 | -3.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €1,920,756 | €1,847,080 | -€73,676 | -3.8% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €1,914,606 | €1,840,930 | -€73,676 | -3.8% |
| Amounts payable | 17/49 | €2,127,799 | €1,515,538 | -€612,261 | -28.8% |
| Amounts payable after more than one year | 17 | €306,618 | €279,774 | -€26,844 | -8.8% |
| Financial debts | 170/4 | €297,688 | €272,424 | -€25,264 | -8.5% |
| Credit institutions | 173 | €297,688 | - | -€297,688 | |
| Other amounts payable | 178/9 | €8,930 | €7,350 | -€1,580 | -17.7% |
| Amounts payable within one year | 42/48 | €1,819,020 | €1,233,417 | -€585,604 | -32.2% |
| Current portion of amounts payable after more than one year | 42 | €26,848 | €27,349 | +€501 | +1.9% |
| Trade debts | 44 | €1,523,756 | €834,260 | -€689,496 | -45.2% |
| Suppliers | 440/4 | €1,523,756 | €834,260 | -€689,496 | -45.2% |
| Taxes, remuneration and social security | 45 | €268,416 | €246,808 | -€21,609 | -8.1% |
| Taxes | 450/3 | €22,138 | €21,357 | -€781 | -3.5% |
| Remuneration and social security | 454/9 | €246,278 | €225,451 | -€20,827 | -8.5% |
| Other amounts payable | 47/48 | - | €125,000 | +€125,000 | |
| Accrued charges and deferred income | 492/3 | €2,161 | €2,348 | +€187 | +8.7% |
| Operating income | 70/76A | €6,560,185 | - | -€6.6m | |
| Turnover | 70 | €5,683,202 | - | -€5.7m | |
| Other operating income | 74 | €876,983 | - | -€876,983 | |
| Operating charges | 60/66A | €7,332,841 | - | -€7.3m | |
| Goods for resale, raw materials and consumables | 60 | €2,614,404 | - | -€2.6m | |
| Purchases | 600/8 | €2,614,404 | - | -€2.6m | |
| Services and other goods | 61 | €2,202,095 | - | -€2.2m | |
| Remuneration, social security and pensions | 62 | €2,047,526 | €1,699,026 | -€348,500 | -17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €138,638 | €134,198 | -€4,440 | -3.2% |
| Other operating charges | 640/8 | €330,179 | €457,942 | +€127,763 | +38.7% |
| Gross operating margin | 9900 | - | €2,238,403 | +€2.2m | |
| Operating profit (loss) | 9901 | -€772,656 | -€52,762 | +€719,894 | +93.2% |
| Financial income | 75/76B | €9,330 | €14,020 | +€4,690 | +50.3% |
| Recurring financial income | 75 | €9,330 | €14,020 | +€4,690 | +50.3% |
| Income from current assets | 751 | €9,255 | - | -€9,255 | |
| Other financial income | 752/9 | €75 | - | -€75 | |
| Financial charges | 65/66B | €41,232 | €33,826 | -€7,406 | -18.0% |
| Recurring financial charges | 65 | €41,232 | €33,826 | -€7,406 | -18.0% |
| Debt charges | 650 | €27,375 | - | -€27,375 | |
| Other financial charges | 652/9 | €13,857 | - | -€13,857 | |
| Profit (loss) for the period before taxes | 9903 | -€804,558 | -€72,569 | +€731,990 | +91.0% |
| Income taxes | 67/77 | €4,297 | €1,108 | -€3,189 | -74.2% |
| Taxes | 670/3 | €4,297 | - | -€4,297 | |
| Profit (loss) for the period | 9904 | -€808,855 | -€73,676 | +€735,179 | +90.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€808,855 | -€73,676 | +€735,179 | +90.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.