E&U 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.
E&U LOGISTICS
Largest movements
- Receivables within one year -€50,086
down €50,086 (-44.7%), from €111,987 to €61,901
of which Other amounts receivable: -€43,849
- Tangible fixed assets +€24,994
up €24,994 (+30.2%), from €82,800 to €107,793
of which Land and buildings: +€39,159
- Deferred charges and accrued income -€4,297
down €4,297 (-54.8%), from €7,837 to €3,540
- Cash -€3,011
down €3,011 (-86.0%), from €3,499 to €488
mainly Investment in fixed assets (net) (-€44,100) and Advances received (-€15,918)
- Advances received -€15,918
no longer reported in 2025 (was €15,918)
- Tax, wage and social debts -€11,655
down €11,655 (-19.2%), from €60,551 to €48,896
of which Taxes: -€8,387
- Debts after one year -€4,583
down €4,583 (-47.7%), from €9,599 to €5,016
- Profit (loss) carried forward +€3,651
up €3,651 (+14.1%), from €25,863 to €29,514
- Current portion of long-term debt -€2,471
down €2,471 (-35.0%), from €7,054 to €4,583
- Staff costs -€36,538
down €36,538 (-47.4%), from €77,103 to €40,565
- Gross operating margin -€28,764
down €28,764 (-29.7%), from €96,870 to €68,107
- Taxes -€7,876
down €7,876 (-84.7%), from €9,302 to €1,425
- Financial income -€4,116
no longer reported in 2025 (was €4,116)
- Depreciation +€2,670
up €2,670 (+16.2%), from €16,437 to €19,106
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 | €212,037 | €179,635 | -€32,401 | -15.3% |
| Fixed assets | 21/28 | €84,550 | €109,543 | +€24,994 | +29.6% |
| Tangible fixed assets | 22/27 | €82,800 | €107,793 | +€24,994 | +30.2% |
| Land and buildings | 22 | - | €39,159 | +€39,159 | |
| Plant, machinery and equipment | 23 | €5,856 | €4,920 | -€936 | -16.0% |
| Furniture and vehicles | 24 | €559 | €1,330 | +€772 | +138.2% |
| Leasing and similar rights | 25 | €23,054 | €12,770 | -€10,284 | -44.6% |
| Other tangible fixed assets | 26 | €53,331 | €49,614 | -€3,718 | -7.0% |
| Financial fixed assets | 28 | €1,750 | €1,750 | = | 0.0% |
| Current assets | 29/58 | €127,487 | €70,092 | -€57,395 | -45.0% |
| Stocks and contracts in progress | 3 | €4,164 | €4,164 | = | 0.0% |
| Stocks | 30/36 | €4,164 | €4,164 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €111,987 | €61,901 | -€50,086 | -44.7% |
| Trade receivables | 40 | €42,959 | €36,721 | -€6,237 | -14.5% |
| Other amounts receivable | 41 | €69,028 | €25,179 | -€43,849 | -63.5% |
| Cash at bank and in hand | 54/58 | €3,499 | €488 | -€3,011 | -86.0% |
| Deferred charges and accrued income | 490/1 | €7,837 | €3,540 | -€4,297 | -54.8% |
| Total equity and liabilities | 10/49 | €212,037 | €179,635 | -€32,401 | -15.3% |
| Equity | 10/15 | €100,404 | €104,055 | +€3,651 | +3.6% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €59,541 | €59,541 | = | 0.0% |
| Distributable reserves | 133 | €59,541 | €59,541 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,863 | €29,514 | +€3,651 | +14.1% |
| Amounts payable | 17/49 | €111,632 | €75,580 | -€36,052 | -32.3% |
| Amounts payable after more than one year | 17 | €9,599 | €5,016 | -€4,583 | -47.7% |
| Financial debts | 170/4 | €9,599 | €5,016 | -€4,583 | -47.7% |
| Amounts payable within one year | 42/48 | €102,033 | €70,565 | -€31,469 | -30.8% |
| Current portion of amounts payable after more than one year | 42 | €7,054 | €4,583 | -€2,471 | -35.0% |
| Trade debts | 44 | €18,511 | €17,086 | -€1,425 | -7.7% |
| Suppliers | 440/4 | €18,511 | €17,086 | -€1,425 | -7.7% |
| Advances received on contracts in progress | 46 | €15,918 | - | -€15,918 | |
| Taxes, remuneration and social security | 45 | €60,551 | €48,896 | -€11,655 | -19.2% |
| Taxes | 450/3 | €55,611 | €47,224 | -€8,387 | -15.1% |
| Remuneration and social security | 454/9 | €4,940 | €1,671 | -€3,269 | -66.2% |
| Remuneration, social security and pensions | 62 | €77,103 | €40,565 | -€36,538 | -47.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,437 | €19,106 | +€2,670 | +16.2% |
| Other operating charges | 640/8 | €2,032 | €1,673 | -€359 | -17.7% |
| Gross operating margin | 9900 | €96,870 | €68,107 | -€28,764 | -29.7% |
| Operating profit (loss) | 9901 | €1,299 | €6,762 | +€5,463 | +420.4% |
| Financial income | 75/76B | €4,116 | - | -€4,116 | |
| Recurring financial income | 75 | €4,116 | - | -€4,116 | |
| Financial charges | 65/66B | €1,207 | €1,686 | +€479 | +39.7% |
| Recurring financial charges | 65 | €1,207 | €1,686 | +€479 | +39.7% |
| Profit (loss) for the period before taxes | 9903 | €4,208 | €5,076 | +€868 | +20.6% |
| Income taxes | 67/77 | €9,302 | €1,425 | -€7,876 | -84.7% |
| Profit (loss) for the period | 9904 | -€5,094 | €3,651 | +€8,744 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,094 | €3,651 | +€8,744 |
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 9 October 2026 via checked.be.