CONSTELLATION COLD LOGISTICS GEL: 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
CONSTELLATION COLD LOGISTICS GEL
NACE 52.100, Warehousing and storage
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€918,706
2023 · €1.2m-€327,589
Equity
€5.4m
2023 · €4.5m+€918,706
Cash
€229,121
2023 · €588,454-€359,334
Balance sheet total
€13.4m
2023 · €6.6m+€6.7m
Largest movements
Assets
- Receivables within one year +€7.1m
up €7.1m (+160%), from €4.5m to €11.6m
of which Other amounts receivable: +€7.4m
- Cash -€359,334
down €359,334 (-61.1%), from €588,454 to €229,121
mainly Receivables within one year (-€7.1m) and Other debts (-€394,503)
Equity and liabilities
- Debts after one year +€6.4m
up €6.4m (+3,521%), from €181,303 to €6.6m
- Profit (loss) carried forward +€918,706
up €918,706 (+22.5%), from €4.1m to €5.0m
- Other debts -€394,503
down €394,503 (-35.0%), from €1.1m to €733,272
- Current portion of long-term debt -€169,861
down €169,861 (-98.0%), from €173,361 to €3,500
Income statement
- Turnover -€321,477
down €321,477 (-7.5%), from €4.3m to €4.0m
- Financial charges +€180,897
up €180,897 (+449%), from €40,331 to €221,228
- Staff costs +€166,824
up €166,824 (+17.1%), from €977,997 to €1.1m
- Services and other goods -€166,551
down €166,551 (-11.3%), from €1.5m to €1.3m
- Financial income +€136,738
up €136,738 (+91.6%), from €149,317 to €286,054
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
€1.2m
Turnover
-€321,477
Other operating income
-€5,029
Goods and materials
-€2,666
Services and other goods
+€166,551
Staff costs
-€166,824
Depreciation
-€35,816
Other operating charges
+€1,790
Financial income
+€136,738
Financial charges
-€180,897
Taxes
+€80,041
Result 2024
€918,706
raises the resultlowers the result
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
-€6.4m
Investment
-€184,169
Financing
+€6.2m
Cash 2023
€588,454
From operations (derived)
-€6.4m
Net result for the year
+€918,706
Depreciation
+€223,606
Receivables within one year
-€7.1m
Smaller working-capital items
+€7,924
Other debts
-€394,503
Investment (derived)
-€184,169
Investment in fixed assets (net)
-€184,169
Financing
+€6.2m
Debts after one year
+€6.4m
Current portion of long-term debt
-€169,861
Cash 2024
€229,121
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,645,055 | €13,390,669 | +€6.7m | +102% |
| Fixed assets | 21/28 | €1,579,538 | €1,540,101 | -€39,437 | -2.5% |
| Tangible fixed assets | 22/27 | €1,579,538 | €1,540,101 | -€39,437 | -2.5% |
| Land and buildings | 22 | €582,340 | €576,346 | -€5,994 | -1.0% |
| Plant, machinery and equipment | 23 | €740,260 | €867,884 | +€127,624 | +17.2% |
| Furniture and vehicles | 24 | €85,239 | €61,830 | -€23,409 | -27.5% |
| Leasing and similar rights | 25 | €33,624 | €26,141 | -€7,483 | -22.3% |
| Assets under construction and advance payments | 27 | €138,074 | €7,900 | -€130,174 | -94.3% |
| Current assets | 29/58 | €5,065,517 | €11,850,568 | +€6.8m | +134% |
| Amounts receivable within one year | 40/41 | €4,472,957 | €11,617,123 | +€7.1m | +160% |
| Trade receivables | 40 | €680,630 | €465,313 | -€215,317 | -31.6% |
| Other amounts receivable | 41 | €3,792,327 | €11,151,811 | +€7.4m | +194% |
| Cash at bank and in hand | 54/58 | €588,454 | €229,121 | -€359,334 | -61.1% |
| Deferred charges and accrued income | 490/1 | €4,106 | €4,324 | +€218 | +5.3% |
| Total equity and liabilities | 10/49 | €6,645,055 | €13,390,669 | +€6.7m | +102% |
| Equity | 10/15 | €4,459,524 | €5,378,230 | +€918,706 | +20.6% |
| Contributions | 10/11 | €309,867 | €309,867 | = | 0.0% |
| Capital | 10 | €309,867 | €309,867 | = | 0.0% |
| Issued capital | 100 | €309,867 | €309,867 | = | 0.0% |
| Reserves | 13 | €30,987 | €30,987 | = | 0.0% |
| Non-distributable reserves | 130/1 | €30,987 | €30,987 | = | 0.0% |
| Legal reserve | 130 | €30,987 | €30,987 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,080,668 | €4,999,374 | +€918,706 | +22.5% |
| Investment grants | 15 | €38,002 | €38,002 | = | 0.0% |
| Provisions and deferred taxes | 16 | €19,568 | €19,568 | = | 0.0% |
| Deferred taxes | 168 | €19,568 | €19,568 | = | 0.0% |
| Amounts payable | 17/49 | €2,165,963 | €7,992,871 | +€5.8m | +269% |
| Amounts payable after more than one year | 17 | €181,303 | €6,564,433 | +€6.4m | +3,521% |
| Financial debts | 170/4 | €181,303 | €6,564,433 | +€6.4m | +3,521% |
| Leasing and similar obligations | 172 | €21,304 | €17,804 | -€3,500 | -16.4% |
| Credit institutions | 173 | €160,000 | - | -€160,000 | |
| Other loans | 174 | - | €6,546,629 | +€6.5m | |
| Amounts payable within one year | 42/48 | €1,945,660 | €1,381,090 | -€564,570 | -29.0% |
| Current portion of amounts payable after more than one year | 42 | €173,361 | €3,500 | -€169,861 | -98.0% |
| Trade debts | 44 | €314,291 | €305,042 | -€9,248 | -2.9% |
| Suppliers | 440/4 | €314,291 | €305,042 | -€9,248 | -2.9% |
| Taxes, remuneration and social security | 45 | €330,234 | €339,276 | +€9,042 | +2.7% |
| Taxes | 450/3 | €159,897 | €138,725 | -€21,172 | -13.2% |
| Remuneration and social security | 454/9 | €170,337 | €200,551 | +€30,214 | +17.7% |
| Other amounts payable | 47/48 | €1,127,774 | €733,272 | -€394,503 | -35.0% |
| Accrued charges and deferred income | 492/3 | €39,000 | €47,348 | +€8,348 | +21.4% |
| Operating income | 70/76A | €4,349,241 | €4,022,734 | -€326,506 | -7.5% |
| Turnover | 70 | €4,314,638 | €3,993,161 | -€321,477 | -7.5% |
| Other operating income | 74 | €34,603 | €29,573 | -€5,029 | -14.5% |
| Operating charges | 60/66A | €2,781,890 | €2,818,855 | +€36,966 | +1.3% |
| Goods for resale, raw materials and consumables | 60 | €23,537 | €26,202 | +€2,666 | +11.3% |
| Purchases | 600/8 | €23,537 | €26,202 | +€2,666 | +11.3% |
| Services and other goods | 61 | €1,475,460 | €1,308,910 | -€166,551 | -11.3% |
| Remuneration, social security and pensions | 62 | €977,997 | €1,144,822 | +€166,824 | +17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €187,790 | €223,606 | +€35,816 | +19.1% |
| Other operating charges | 640/8 | €117,105 | €115,316 | -€1,790 | -1.5% |
| Operating profit (loss) | 9901 | €1,567,351 | €1,203,879 | -€363,472 | -23.2% |
| Financial income | 75/76B | €149,317 | €286,054 | +€136,738 | +91.6% |
| Recurring financial income | 75 | €149,317 | €286,054 | +€136,738 | +91.6% |
| Income from current assets | 751 | €149,314 | €286,054 | +€136,740 | +91.6% |
| Other financial income | 752/9 | €2 | - | -€2 | |
| Financial charges | 65/66B | €40,331 | €221,228 | +€180,897 | +449% |
| Recurring financial charges | 65 | €40,331 | €221,228 | +€180,897 | +449% |
| Debt charges | 650 | €38,957 | €87,748 | +€48,790 | +125% |
| Other financial charges | 652/9 | €1,374 | €133,480 | +€132,106 | +9,615% |
| Profit (loss) for the period before taxes | 9903 | €1,676,337 | €1,268,706 | -€407,630 | -24.3% |
| Income taxes | 67/77 | €430,041 | €350,000 | -€80,041 | -18.6% |
| Taxes | 670/3 | €430,041 | €350,000 | -€80,041 | -18.6% |
| Profit (loss) for the period | 9904 | €1,246,295 | €918,706 | -€327,589 | -26.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,246,295 | €918,706 | -€327,589 | -26.3% |
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 30 October 2026 via checked.be.