D&L 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.
D&L LOGISTICS
Largest movements
- Receivables within one year +€53,347
up €53,347 (+17.2%), from €309,585 to €362,932
of which Trade receivables: +€62,056
- Deferred charges and accrued income +€13,815
up €13,815 (+195%), from €7,084 to €20,898
- Receivables after one year +€10,000
up €10,000 (+2.6%), from €380,000 to €390,000
- Trade debts +€50,260
up €50,260 (+24.6%), from €204,317 to €254,578
- Other debts +€48,593
up €48,593 (+6,530%), from €744 to €49,337
- Short-term financial debts -€11,810
down €11,810 (-11.0%), from €107,192 to €95,383
- Tax, wage and social debts -€11,454
down €11,454 (-20.8%), from €54,965 to €43,511
of which Remuneration and social security: -€7,723
- Staff costs -€39,521
down €39,521 (-14.1%), from €281,078 to €241,557
- Financial charges -€8,208
down €8,208 (-25.5%), from €32,214 to €24,005
- Gross operating margin -€5,603
down €5,603 (-2.0%), from €280,563 to €274,961
- Other operating charges -€4,345
down €4,345 (-60.5%), from €7,186 to €2,841
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €718,362 | €796,535 | +€78,173 | +10.9% |
| Fixed assets | 21/28 | €19,893 | €21,418 | +€1,525 | +7.7% |
| Tangible fixed assets | 22/27 | €18,893 | €20,418 | +€1,525 | +8.1% |
| Land and buildings | 22 | €15,659 | €16,148 | +€489 | +3.1% |
| Plant, machinery and equipment | 23 | €923 | - | -€923 | |
| Furniture and vehicles | 24 | €2,311 | €4,270 | +€1,959 | +84.8% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €698,469 | €775,118 | +€76,648 | +11.0% |
| Amounts receivable after more than one year | 29 | €380,000 | €390,000 | +€10,000 | +2.6% |
| Other amounts receivable | 291 | €380,000 | €390,000 | +€10,000 | +2.6% |
| Amounts receivable within one year | 40/41 | €309,585 | €362,932 | +€53,347 | +17.2% |
| Trade receivables | 40 | €294,258 | €356,315 | +€62,056 | +21.1% |
| Other amounts receivable | 41 | €15,327 | €6,617 | -€8,709 | -56.8% |
| Cash at bank and in hand | 54/58 | €1,800 | €1,287 | -€513 | -28.5% |
| Deferred charges and accrued income | 490/1 | €7,084 | €20,898 | +€13,815 | +195% |
| Total equity and liabilities | 10/49 | €718,362 | €796,535 | +€78,173 | +10.9% |
| Equity | 10/15 | €120,643 | €123,227 | +€2,584 | +2.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €147,446 | €147,446 | = | 0.0% |
| Tax-exempt reserves | 132 | €73 | €73 | = | 0.0% |
| Distributable reserves | 133 | €147,373 | €147,373 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,803 | -€28,219 | +€2,584 | +8.4% |
| Amounts payable | 17/49 | €597,719 | €673,308 | +€75,589 | +12.6% |
| Amounts payable after more than one year | 17 | €230,500 | €230,500 | = | 0.0% |
| Financial debts | 170/4 | €230,000 | €230,000 | = | 0.0% |
| Other amounts payable | 178/9 | €500 | €500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €367,219 | €442,808 | +€75,589 | +20.6% |
| Financial debts | 43 | €107,192 | €95,383 | -€11,810 | -11.0% |
| Credit institutions | 430/8 | €107,192 | €95,383 | -€11,810 | -11.0% |
| Trade debts | 44 | €204,317 | €254,578 | +€50,260 | +24.6% |
| Suppliers | 440/4 | €204,317 | €254,578 | +€50,260 | +24.6% |
| Taxes, remuneration and social security | 45 | €54,965 | €43,511 | -€11,454 | -20.8% |
| Taxes | 450/3 | €19,027 | €15,296 | -€3,731 | -19.6% |
| Remuneration and social security | 454/9 | €35,938 | €28,215 | -€7,723 | -21.5% |
| Other amounts payable | 47/48 | €744 | €49,337 | +€48,593 | +6,530% |
| Non-recurring operating income | 76A | - | €5,555 | +€5,555 | |
| Remuneration, social security and pensions | 62 | €281,078 | €241,557 | -€39,521 | -14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,116 | €4,844 | -€1,272 | -20.8% |
| Other operating charges | 640/8 | €7,186 | €2,841 | -€4,345 | -60.5% |
| Non-recurring operating charges | 66A | - | €9,466 | +€9,466 | |
| Gross operating margin | 9900 | €280,563 | €274,961 | -€5,603 | -2.0% |
| Operating profit (loss) | 9901 | -€13,816 | €16,253 | +€30,069 | |
| Financial income | 75/76B | €13,279 | €13,524 | +€245 | +1.8% |
| Recurring financial income | 75 | €13,279 | €13,524 | +€245 | +1.8% |
| Financial charges | 65/66B | €32,214 | €24,005 | -€8,208 | -25.5% |
| Recurring financial charges | 65 | €32,214 | €24,005 | -€8,208 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | -€32,751 | €5,771 | +€38,522 | |
| Income taxes | 67/77 | €596 | €3,187 | +€2,591 | +435% |
| Profit (loss) for the period | 9904 | -€33,347 | €2,584 | +€35,931 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,347 | €2,584 | +€35,931 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.