CBS 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.
CBS LOGISTICS
Largest movements
- Tangible fixed assets -€210,164
down €210,164 (-25.2%), from €834,362 to €624,198
- Receivables within one year -€183,796
down €183,796 (-55.0%), from €334,193 to €150,397
of which Trade receivables: -€183,047
- Cash -€48,727
down €48,727 (-36.8%), from €132,320 to €83,593
mainly Debts after one year (-€187,279) and Accrued charges and deferred income (-€86,656)
- Debts after one year -€187,279
no longer reported in 2025 (was €187,279)
- Accrued charges and deferred income -€86,656
down €86,656 (-97.6%), from €88,797 to €2,141
- Other debts -€74,619
down €74,619 (-16.9%), from €440,669 to €366,049
- Current portion of long-term debt -€50,339
no longer reported in 2025 (was €50,339)
- Trade debts -€28,770
down €28,770 (-14.8%), from €193,996 to €165,227
- Staff costs +€57,438
up €57,438 (+10.8%), from €533,862 to €591,300
- Services and other goods +€41,527
up €41,527 (+5.3%), from €777,392 to €818,920
- Other operating income +€35,802
up €35,802 (+44.5%), from €80,420 to €116,221
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 | €1,304,069 | €863,149 | -€440,921 | -33.8% |
| Fixed assets | 21/28 | €834,362 | €624,198 | -€210,164 | -25.2% |
| Tangible fixed assets | 22/27 | €834,362 | €624,198 | -€210,164 | -25.2% |
| Furniture and vehicles | 24 | €834,362 | €624,198 | -€210,164 | -25.2% |
| Current assets | 29/58 | €469,707 | €238,950 | -€230,757 | -49.1% |
| Amounts receivable within one year | 40/41 | €334,193 | €150,397 | -€183,796 | -55.0% |
| Trade receivables | 40 | €266,447 | €83,399 | -€183,047 | -68.7% |
| Other amounts receivable | 41 | €67,746 | €66,997 | -€749 | -1.1% |
| Cash at bank and in hand | 54/58 | €132,320 | €83,593 | -€48,727 | -36.8% |
| Deferred charges and accrued income | 490/1 | €3,194 | €4,961 | +€1,767 | +55.3% |
| Total equity and liabilities | 10/49 | €1,304,069 | €863,149 | -€440,921 | -33.8% |
| Equity | 10/15 | €280,403 | €281,031 | +€629 | +0.2% |
| 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 | €218,903 | €219,531 | +€629 | +0.3% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €212,753 | €213,381 | +€629 | +0.3% |
| Amounts payable | 17/49 | €1,023,667 | €582,117 | -€441,549 | -43.1% |
| Amounts payable after more than one year | 17 | €187,279 | - | -€187,279 | |
| Financial debts | 170/4 | €187,279 | - | -€187,279 | |
| Credit institutions | 173 | €187,279 | - | -€187,279 | |
| Amounts payable within one year | 42/48 | €747,590 | €579,976 | -€167,614 | -22.4% |
| Current portion of amounts payable after more than one year | 42 | €50,339 | - | -€50,339 | |
| Trade debts | 44 | €193,996 | €165,227 | -€28,770 | -14.8% |
| Suppliers | 440/4 | €193,996 | €165,227 | -€28,770 | -14.8% |
| Taxes, remuneration and social security | 45 | €62,586 | €48,701 | -€13,885 | -22.2% |
| Taxes | 450/3 | €4,799 | €4,413 | -€386 | -8.1% |
| Remuneration and social security | 454/9 | €57,787 | €44,288 | -€13,499 | -23.4% |
| Other amounts payable | 47/48 | €440,669 | €366,049 | -€74,619 | -16.9% |
| Accrued charges and deferred income | 492/3 | €88,797 | €2,141 | -€86,656 | -97.6% |
| Operating income | 70/76A | €1,717,995 | €1,741,734 | +€23,740 | +1.4% |
| Turnover | 70 | €1,637,575 | €1,625,513 | -€12,062 | -0.7% |
| Other operating income | 74 | €80,420 | €116,221 | +€35,802 | +44.5% |
| Operating charges | 60/66A | €1,619,457 | €1,718,181 | +€98,724 | +6.1% |
| Goods for resale, raw materials and consumables | 60 | €5,900 | €719 | -€5,181 | -87.8% |
| Purchases | 600/8 | €5,900 | €719 | -€5,181 | -87.8% |
| Services and other goods | 61 | €777,392 | €818,920 | +€41,527 | +5.3% |
| Remuneration, social security and pensions | 62 | €533,862 | €591,300 | +€57,438 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €215,190 | €210,164 | -€5,026 | -2.3% |
| Other operating charges | 640/8 | €87,112 | €97,079 | +€9,967 | +11.4% |
| Operating profit (loss) | 9901 | €98,538 | €23,553 | -€74,985 | -76.1% |
| Financial income | 75/76B | €0 | €0 | -€0 | -33.3% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -33.3% |
| Other financial income | 752/9 | €0 | €0 | -€0 | -33.3% |
| Financial charges | 65/66B | €33,121 | €22,925 | -€10,196 | -30.8% |
| Recurring financial charges | 65 | €33,121 | €22,925 | -€10,196 | -30.8% |
| Debt charges | 650 | €30,846 | €16,592 | -€14,254 | -46.2% |
| Other financial charges | 652/9 | €2,275 | €6,333 | +€4,058 | +178.4% |
| Profit (loss) for the period before taxes | 9903 | €65,417 | €629 | -€64,789 | -99.0% |
| Income taxes | 67/77 | €15,608 | - | -€15,608 | |
| Taxes | 670/3 | €16,850 | - | -€16,850 | |
| Tax adjustments and reversals of tax provisions | 77 | €1,242 | - | -€1,242 | |
| Profit (loss) for the period | 9904 | €49,810 | €629 | -€49,181 | -98.7% |
| Profit (loss) for the period to be appropriated | 9905 | €49,810 | €629 | -€49,181 | -98.7% |
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 8 October 2026 via checked.be.