E-LOGISTIQUE: 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.
E-LOGISTIQUE
Largest movements
- Tangible fixed assets -€47,268
down €47,268 (-6.1%), from €772,440 to €725,172
of which Land and buildings: -€45,732
- Receivables within one year +€22,642
up €22,642 (+7.8%), from €289,475 to €312,117
of which Trade receivables: +€24,924
- Cash -€18,766
down €18,766 (-66.1%), from €28,380 to €9,614
mainly Debts after one year (-€65,918) and Receivables within one year (-€22,642)
- Debts after one year -€65,918
down €65,918 (-7.6%), from €868,743 to €802,825
- Trade debts +€30,381
up €30,381 (+33.7%), from €90,060 to €120,441
- Gross operating margin -€107,065
down €107,065 (-48.6%), from €220,447 to €113,382
- Staff costs -€26,149
down €26,149 (-98.9%), from €26,450 to €301
- Other operating charges +€8,545
up €8,545 (+55.3%), from €15,454 to €23,999
- Write-downs +€4,415
new in 2025: €4,415
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 | €1,098,174 | €1,056,928 | -€41,246 | -3.8% |
| Fixed assets | 21/28 | €780,319 | €730,884 | -€49,435 | -6.3% |
| Intangible fixed assets | 21 | €7,618 | €5,451 | -€2,167 | -28.4% |
| Tangible fixed assets | 22/27 | €772,440 | €725,172 | -€47,268 | -6.1% |
| Land and buildings | 22 | €767,776 | €722,043 | -€45,732 | -6.0% |
| Plant, machinery and equipment | 23 | €3,105 | €2,182 | -€923 | -29.7% |
| Furniture and vehicles | 24 | €1,559 | €947 | -€613 | -39.3% |
| Financial fixed assets | 28 | €261 | €261 | = | 0.0% |
| Current assets | 29/58 | €317,855 | €326,044 | +€8,189 | +2.6% |
| Amounts receivable within one year | 40/41 | €289,475 | €312,117 | +€22,642 | +7.8% |
| Trade receivables | 40 | €20,929 | €45,853 | +€24,924 | +119.1% |
| Other amounts receivable | 41 | €268,546 | €266,265 | -€2,282 | -0.8% |
| Cash at bank and in hand | 54/58 | €28,380 | €9,614 | -€18,766 | -66.1% |
| Deferred charges and accrued income | 490/1 | - | €4,312 | +€4,312 | |
| Total equity and liabilities | 10/49 | €1,098,174 | €1,056,928 | -€41,246 | -3.8% |
| Equity | 10/15 | €30,450 | €29,622 | -€828 | -2.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Capital | 10 | €2,000 | - | -€2,000 | |
| Issued capital | 100 | €2,000 | - | -€2,000 | |
| Reserves | 13 | €69,038 | €69,038 | = | 0.0% |
| Tax-exempt reserves | 132 | €69,038 | €69,038 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,589 | -€41,417 | -€828 | -2.0% |
| Provisions and deferred taxes | 16 | €23,013 | €23,013 | = | 0.0% |
| Deferred taxes | 168 | €23,013 | €23,013 | = | 0.0% |
| Amounts payable | 17/49 | €1,044,711 | €1,004,293 | -€40,418 | -3.9% |
| Amounts payable after more than one year | 17 | €868,743 | €802,825 | -€65,918 | -7.6% |
| Financial debts | 170/4 | €868,743 | €802,825 | -€65,918 | -7.6% |
| Amounts payable within one year | 42/48 | €172,369 | €201,469 | +€29,100 | +16.9% |
| Current portion of amounts payable after more than one year | 42 | €63,579 | €65,918 | +€2,339 | +3.7% |
| Trade debts | 44 | €90,060 | €120,441 | +€30,381 | +33.7% |
| Suppliers | 440/4 | €90,060 | €120,441 | +€30,381 | +33.7% |
| Taxes, remuneration and social security | 45 | €13,763 | €4,276 | -€9,488 | -68.9% |
| Taxes | 450/3 | €8,453 | €4,276 | -€4,177 | -49.4% |
| Remuneration and social security | 454/9 | €5,310 | €0 | -€5,310 | -100.0% |
| Other amounts payable | 47/48 | €4,967 | €10,834 | +€5,867 | +118.1% |
| Accrued charges and deferred income | 492/3 | €3,600 | €0 | -€3,600 | -100.0% |
| Remuneration, social security and pensions | 62 | €26,450 | €301 | -€26,149 | -98.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,758 | €52,055 | +€298 | +0.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,415 | +€4,415 | |
| Other operating charges | 640/8 | €15,454 | €23,999 | +€8,545 | +55.3% |
| Gross operating margin | 9900 | €220,447 | €113,382 | -€107,065 | -48.6% |
| Operating profit (loss) | 9901 | €126,785 | €32,612 | -€94,173 | -74.3% |
| Financial income | 75/76B | €79 | €331 | +€252 | +321.0% |
| Recurring financial income | 75 | €79 | €331 | +€252 | +321.0% |
| Financial charges | 65/66B | €34,431 | €33,770 | -€660 | -1.9% |
| Recurring financial charges | 65 | €34,431 | €33,770 | -€660 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €92,432 | -€828 | -€93,260 | |
| Transfer to deferred taxes | 680 | €23,013 | - | -€23,013 | |
| Profit (loss) for the period | 9904 | €69,420 | -€828 | -€70,248 | |
| Transfer to tax-exempt reserves | 689 | €69,038 | - | -€69,038 | |
| Profit (loss) for the period to be appropriated | 9905 | €381 | -€828 | -€1,209 |
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 12 October 2026 via checked.be.