CPS 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.
CPS LOGISTICS
Largest movements
- Receivables within one year -€138,590
down €138,590 (-26.5%), from €523,957 to €385,366
of which Trade receivables: -€106,961
- Cash +€46,115
up €46,115 (+130%), from €35,445 to €81,560
mainly Receivables within one year (+€138,590) and Net result for the year (+€39,867)
- Deferred charges and accrued income +€17,505
up €17,505, from €0 to €17,505
- Other debts -€94,526
down €94,526 (-16.9%), from €560,082 to €465,557
- Reserves +€39,867
up €39,867 (+17.6%), from €227,004 to €266,871
of which Distributable reserves: +€41,173
- Current portion of long-term debt -€33,333
down €33,333 (-100%), from €33,333 to €0
- Financial income -€42,724
down €42,724 (-26.5%), from €161,186 to €118,462
- Gross operating margin +€32,523
up €32,523 (+48.3%), from €67,370 to €99,894
- Taxes -€12,832
down €12,832 (-36.3%), from €35,326 to €22,494
- Financial charges +€3,979
up €3,979 (+7.4%), from €53,587 to €57,566
- Staff costs +€2,164
up €2,164 (+2.7%), from €80,047 to €82,210
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.
Derived cash bridge
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 | €1,747,321 | €1,659,820 | -€87,500 | -5.0% |
| Fixed assets | 21/28 | €1,187,919 | €1,175,390 | -€12,530 | -1.1% |
| Tangible fixed assets | 22/27 | €21,359 | €8,830 | -€12,530 | -58.7% |
| Land and buildings | 22 | €21,359 | €8,830 | -€12,530 | -58.7% |
| Financial fixed assets | 28 | €1,166,560 | €1,166,560 | = | 0.0% |
| Current assets | 29/58 | €559,402 | €484,431 | -€74,971 | -13.4% |
| Amounts receivable within one year | 40/41 | €523,957 | €385,366 | -€138,590 | -26.5% |
| Trade receivables | 40 | €408,877 | €301,916 | -€106,961 | -26.2% |
| Other amounts receivable | 41 | €115,080 | €83,450 | -€31,630 | -27.5% |
| Cash at bank and in hand | 54/58 | €35,445 | €81,560 | +€46,115 | +130% |
| Deferred charges and accrued income | 490/1 | €0 | €17,505 | +€17,505 | |
| Total equity and liabilities | 10/49 | €1,747,321 | €1,659,820 | -€87,500 | -5.0% |
| Equity | 10/15 | €472,004 | €511,871 | +€39,867 | +8.4% |
| Contributions | 10/11 | €245,000 | €245,000 | = | 0.0% |
| Capital | 10 | €245,000 | €245,000 | = | 0.0% |
| Issued capital | 100 | €245,000 | €245,000 | = | 0.0% |
| Reserves | 13 | €227,004 | €266,871 | +€39,867 | +17.6% |
| Non-distributable reserves | 130/1 | €9,531 | €11,698 | +€2,167 | +22.7% |
| Legal reserve | 130 | €9,531 | €11,698 | +€2,167 | +22.7% |
| Tax-exempt reserves | 132 | €109,521 | €106,048 | -€3,473 | -3.2% |
| Distributable reserves | 133 | €107,952 | €149,125 | +€41,173 | +38.1% |
| Provisions and deferred taxes | 16 | €3,526 | €0 | -€3,526 | -100% |
| Deferred taxes | 168 | €3,526 | €0 | -€3,526 | -100% |
| Amounts payable | 17/49 | €1,271,791 | €1,147,949 | -€123,842 | -9.7% |
| Amounts payable within one year | 42/48 | €1,224,770 | €1,104,857 | -€119,913 | -9.8% |
| Current portion of amounts payable after more than one year | 42 | €33,333 | €0 | -€33,333 | -100% |
| Financial debts | 43 | €250,000 | €250,000 | = | 0.0% |
| Credit institutions | 430/8 | €250,000 | €250,000 | = | 0.0% |
| Trade debts | 44 | €372,344 | €377,598 | +€5,254 | +1.4% |
| Suppliers | 440/4 | €372,344 | €377,598 | +€5,254 | +1.4% |
| Taxes, remuneration and social security | 45 | €9,010 | €11,703 | +€2,692 | +29.9% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €9,010 | €11,703 | +€2,692 | +29.9% |
| Other amounts payable | 47/48 | €560,082 | €465,557 | -€94,526 | -16.9% |
| Accrued charges and deferred income | 492/3 | €47,021 | €43,092 | -€3,929 | -8.4% |
| Remuneration, social security and pensions | 62 | €80,047 | €82,210 | +€2,164 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,530 | €12,530 | = | 0.0% |
| Other operating charges | 640/8 | €7,051 | €7,215 | +€164 | +2.3% |
| Gross operating margin | 9900 | €67,370 | €99,894 | +€32,523 | +48.3% |
| Operating profit (loss) | 9901 | -€32,256 | -€2,061 | +€30,195 | +93.6% |
| Financial income | 75/76B | €161,186 | €118,462 | -€42,724 | -26.5% |
| Recurring financial income | 75 | €161,186 | €118,462 | -€42,724 | -26.5% |
| Financial charges | 65/66B | €53,587 | €57,566 | +€3,979 | +7.4% |
| Recurring financial charges | 65 | €53,587 | €57,566 | +€3,979 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €75,343 | €58,835 | -€16,508 | -21.9% |
| Transfer from deferred taxes | 780 | €1,063 | €3,526 | +€2,463 | +232% |
| Income taxes | 67/77 | €35,326 | €22,494 | -€12,832 | -36.3% |
| Profit (loss) for the period | 9904 | €41,080 | €39,867 | -€1,213 | -3.0% |
| Transfer from tax-exempt reserves | 789 | €3,187 | €3,473 | +€286 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €44,267 | €43,340 | -€927 | -2.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.