DBS 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.
DBS Logistics
Largest movements
- Receivables within one year +€60,963
up €60,963 (+17.6%), from €346,251 to €407,214
of which Trade receivables: +€75,436
- Tangible fixed assets -€56,525
down €56,525 (-5.9%), from €957,110 to €900,585
of which Land and buildings: -€55,558
- Debts after one year -€70,758
down €70,758 (-14.8%), from €477,423 to €406,666
- Reserves +€38,195
up €38,195 (+10.1%), from €379,564 to €417,758
- Trade debts +€30,680
up €30,680 (+50.3%), from €61,021 to €91,701
- Tax, wage and social debts +€14,349
up €14,349 (+29.1%), from €49,377 to €63,726
of which Taxes: +€8,520
- Gross operating margin +€57,767
up €57,767 (+15.5%), from €373,825 to €431,592
- Staff costs +€48,371
up €48,371 (+20.5%), from €235,683 to €284,055
- Taxes +€4,338
up €4,338 (+42.7%), from €10,151 to €14,489
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 | €1,307,621 | €1,312,850 | +€5,230 | +0.4% |
| Fixed assets | 21/28 | €957,110 | €900,585 | -€56,525 | -5.9% |
| Tangible fixed assets | 22/27 | €957,110 | €900,585 | -€56,525 | -5.9% |
| Land and buildings | 22 | €952,125 | €896,566 | -€55,558 | -5.8% |
| Furniture and vehicles | 24 | €4,985 | €4,018 | -€967 | -19.4% |
| Current assets | 29/58 | €350,511 | €412,266 | +€61,755 | +17.6% |
| Amounts receivable within one year | 40/41 | €346,251 | €407,214 | +€60,963 | +17.6% |
| Trade receivables | 40 | €56,774 | €132,210 | +€75,436 | +133% |
| Other amounts receivable | 41 | €289,477 | €275,004 | -€14,473 | -5.0% |
| Cash at bank and in hand | 54/58 | €752 | €1,820 | +€1,067 | +142% |
| Deferred charges and accrued income | 490/1 | €3,508 | €3,232 | -€276 | -7.9% |
| Total equity and liabilities | 10/49 | €1,307,621 | €1,312,850 | +€5,230 | +0.4% |
| Equity | 10/15 | €629,564 | €667,758 | +€38,195 | +6.1% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €379,564 | €417,758 | +€38,195 | +10.1% |
| Distributable reserves | 133 | €379,564 | €417,758 | +€38,195 | +10.1% |
| Amounts payable | 17/49 | €678,057 | €645,092 | -€32,965 | -4.9% |
| Amounts payable after more than one year | 17 | €477,423 | €406,666 | -€70,758 | -14.8% |
| Financial debts | 170/4 | €477,423 | €406,666 | -€70,758 | -14.8% |
| Amounts payable within one year | 42/48 | €197,774 | €237,375 | +€39,601 | +20.0% |
| Current portion of amounts payable after more than one year | 42 | €73,725 | €76,085 | +€2,361 | +3.2% |
| Financial debts | 43 | €13,652 | €5,863 | -€7,789 | -57.1% |
| Credit institutions | 430/8 | €13,652 | €5,863 | -€7,789 | -57.1% |
| Trade debts | 44 | €61,021 | €91,701 | +€30,680 | +50.3% |
| Suppliers | 440/4 | €61,021 | €91,701 | +€30,680 | +50.3% |
| Taxes, remuneration and social security | 45 | €49,377 | €63,726 | +€14,349 | +29.1% |
| Taxes | 450/3 | €24,344 | €32,865 | +€8,520 | +35.0% |
| Remuneration and social security | 454/9 | €25,033 | €30,862 | +€5,829 | +23.3% |
| Accrued charges and deferred income | 492/3 | €2,859 | €1,051 | -€1,808 | -63.3% |
| Remuneration, social security and pensions | 62 | €235,683 | €284,055 | +€48,371 | +20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,034 | €56,525 | -€3,509 | -5.8% |
| Other operating charges | 640/8 | €17,672 | €18,226 | +€554 | +3.1% |
| Gross operating margin | 9900 | €373,825 | €431,592 | +€57,767 | +15.5% |
| Operating profit (loss) | 9901 | €60,436 | €72,787 | +€12,351 | +20.4% |
| Financial income | 75/76B | €0 | €355 | +€355 | |
| Recurring financial income | 75 | €0 | €355 | +€355 | |
| Financial charges | 65/66B | €21,415 | €20,458 | -€957 | -4.5% |
| Recurring financial charges | 65 | €21,415 | €20,458 | -€957 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | €39,021 | €52,683 | +€13,662 | +35.0% |
| Income taxes | 67/77 | €10,151 | €14,489 | +€4,338 | +42.7% |
| Profit (loss) for the period | 9904 | €28,870 | €38,195 | +€9,324 | +32.3% |
| Profit (loss) for the period to be appropriated | 9905 | €28,870 | €38,195 | +€9,324 | +32.3% |
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 15 October 2026 via checked.be.