DSV 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.
DSV LOGISTICS
Largest movements
- Cash -€732,992
down €732,992 (-14.7%), from €5.0m to €4.3m
mainly Contributions, distributions and other (-€1.0m) and Trade debts (-€589,489)
- Receivables within one year +€371,567
up €371,567 (+7.0%), from €5.3m to €5.7m
- Deferred charges and accrued income +€126,073
up €126,073 (+702.6%), from €17,943 to €144,016
- Tax, wage and social debts +€845,252
up €845,252 (+36.1%), from €2.3m to €3.2m
of which Taxes: +€596,939
- Trade debts -€589,489
down €589,489 (-29.4%), from €2.0m to €1.4m
- Other debts -€500,000
down €500,000 (-33.3%), from €1.5m to €1.0m
- Staff costs +€963,453
up €963,453 (+10.8%), from €8.9m to €9.9m
- Turnover +€640,374
up €640,374 (+3.2%), from €20.2m to €20.8m
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 | €10,328,334 | €10,092,982 | -€235,352 | -2.3% |
| Current assets | 29/58 | €10,328,334 | €10,092,982 | -€235,352 | -2.3% |
| Amounts receivable within one year | 40/41 | €5,323,120 | €5,694,686 | +€371,567 | +7.0% |
| Trade receivables | 40 | €5,323,120 | €5,694,686 | +€371,567 | +7.0% |
| Cash at bank and in hand | 54/58 | €4,987,272 | €4,254,279 | -€732,992 | -14.7% |
| Deferred charges and accrued income | 490/1 | €17,943 | €144,016 | +€126,073 | +702.6% |
| Total equity and liabilities | 10/49 | €10,328,334 | €10,092,982 | -€235,352 | -2.3% |
| Equity | 10/15 | €2,438,009 | €2,446,893 | +€8,885 | +0.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,328,009 | €2,336,893 | +€8,885 | +0.4% |
| Provisions and deferred taxes | 16 | €2,039,090 | €2,039,090 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €2,039,090 | €2,039,090 | = | 0.0% |
| Other liabilities and charges | 164/5 | €2,039,090 | €2,039,090 | = | 0.0% |
| Amounts payable | 17/49 | €5,851,236 | €5,606,998 | -€244,237 | -4.2% |
| Amounts payable within one year | 42/48 | €5,851,236 | €5,606,998 | -€244,237 | -4.2% |
| Trade debts | 44 | €2,007,652 | €1,418,163 | -€589,489 | -29.4% |
| Suppliers | 440/4 | €2,007,652 | €1,418,163 | -€589,489 | -29.4% |
| Taxes, remuneration and social security | 45 | €2,343,583 | €3,188,836 | +€845,252 | +36.1% |
| Taxes | 450/3 | €799,957 | €1,396,897 | +€596,939 | +74.6% |
| Remuneration and social security | 454/9 | €1,543,626 | €1,791,939 | +€248,313 | +16.1% |
| Other amounts payable | 47/48 | €1,500,000 | €1,000,000 | -€500,000 | -33.3% |
| Operating income | 70/76A | €20,198,892 | €20,826,853 | +€627,961 | +3.1% |
| Turnover | 70 | €20,168,397 | €20,808,771 | +€640,374 | +3.2% |
| Other operating income | 74 | €30,495 | €18,082 | -€12,413 | -40.7% |
| Operating charges | 60/66A | €18,521,410 | €19,388,911 | +€867,501 | +4.7% |
| Services and other goods | 61 | €9,557,372 | €9,521,205 | -€36,167 | -0.4% |
| Remuneration, social security and pensions | 62 | €8,904,190 | €9,867,643 | +€963,453 | +10.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €59,847 | - | -€59,847 | |
| Other operating charges | 640/8 | - | €62 | +€62 | |
| Operating profit (loss) | 9901 | €1,677,482 | €1,437,942 | -€239,540 | -14.3% |
| Financial income | 75/76B | €177,825 | €96,883 | -€80,942 | -45.5% |
| Recurring financial income | 75 | €177,825 | €96,883 | -€80,942 | -45.5% |
| Income from current assets | 751 | €177,754 | €96,177 | -€81,578 | -45.9% |
| Other financial income | 752/9 | €71 | €707 | +€636 | +895.0% |
| Financial charges | 65/66B | €455 | €373 | -€82 | -17.9% |
| Recurring financial charges | 65 | €455 | €373 | -€82 | -17.9% |
| Other financial charges | 652/9 | €455 | €373 | -€82 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €1,854,853 | €1,534,452 | -€320,401 | -17.3% |
| Income taxes | 67/77 | €546,383 | €525,567 | -€20,816 | -3.8% |
| Taxes | 670/3 | €546,383 | €525,567 | -€20,816 | -3.8% |
| Profit (loss) for the period | 9904 | €1,308,469 | €1,008,885 | -€299,584 | -22.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,308,469 | €1,008,885 | -€299,584 | -22.9% |
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 6 October 2026 via checked.be.