ECDC 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.
What changed
ECDC LOGISTICS
NACE 52.250, Logistics services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€8,091
2024 · -€674,764+€682,856
Equity
-€1,738
2024 · -€9,829+€8,091
Cash
€65,179
2024 · €62,620+€2,559
Balance sheet total
€6.0m
2024 · €6.8m-€825,794
Largest movements
Assets
- Receivables within one year -€676,692
down €676,692 (-10.8%), from €6.3m to €5.6m
of which Trade receivables: -€692,042
- Deferred charges and accrued income -€112,111
down €112,111 (-47.9%), from €234,121 to €122,010
Equity and liabilities
- Trade debts -€456,728
down €456,728 (-60.0%), from €761,011 to €304,284
- Short-term financial debts -€404,556
no longer reported in 2025 (was €404,556)
- Tax, wage and social debts +€80,606
up €80,606 (+1.4%), from €5.6m to €5.6m
of which Taxes: +€86,032
Income statement
- Gross operating margin +€429,495
up €429,495 (+60.1%), from €714,272 to €1.1m
- Staff costs -€128,895
down €128,895 (-21.4%), from €602,793 to €473,898
- Other operating charges -€115,485
down €115,485 (-22.5%), from €512,604 to €397,118
- Taxes +€89,109
up €89,109 (+36240.9%), from €246 to €89,355
- Write-downs -€25,376
no longer reported in 2025 (was €25,376)
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.
Result 2024
-€674,764
Gross operating margin
+€429,495
Staff costs
+€128,895
Depreciation
+€19,507
Write-downs
+€25,376
Other operating charges
+€115,485
Other operating items
+€42,217
Financial income
-€515
Financial charges
+€11,504
Taxes
-€89,109
Result 2025
€8,091
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.
From operations
+€427,328
Investment
-€20,212
Financing
-€404,556
Cash 2024
€62,620
From operations (derived)
+€427,328
Net result for the year
+€8,091
Depreciation
+€59,763
Receivables within one year
+€676,692
Deferred charges and accrued income
+€112,111
Trade debts
-€456,728
Tax, wage and social debts
+€80,606
Other debts
-€46,771
Accrued charges and deferred income
-€6,437
Investment (derived)
-€20,212
Investment in fixed assets (net)
-€20,212
Financing
-€404,556
Short-term financial debts
-€404,556
Cash 2025
€65,179
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,779,494 | €5,953,700 | -€825,794 | -12.2% |
| Fixed assets | 21/28 | €198,367 | €158,816 | -€39,551 | -19.9% |
| Intangible fixed assets | 21 | €5,625 | €1,870 | -€3,756 | -66.8% |
| Tangible fixed assets | 22/27 | €134,012 | €98,377 | -€35,635 | -26.6% |
| Plant, machinery and equipment | 23 | €56,140 | €16,897 | -€39,244 | -69.9% |
| Furniture and vehicles | 24 | €8,374 | €22,335 | +€13,961 | +166.7% |
| Other tangible fixed assets | 26 | €69,498 | €59,145 | -€10,353 | -14.9% |
| Financial fixed assets | 28 | €58,730 | €58,570 | -€160 | -0.3% |
| Current assets | 29/58 | €6,581,127 | €5,794,884 | -€786,244 | -11.9% |
| Amounts receivable within one year | 40/41 | €6,284,387 | €5,607,694 | -€676,692 | -10.8% |
| Trade receivables | 40 | €830,823 | €138,781 | -€692,042 | -83.3% |
| Other amounts receivable | 41 | €5,453,564 | €5,468,913 | +€15,350 | +0.3% |
| Cash at bank and in hand | 54/58 | €62,620 | €65,179 | +€2,559 | +4.1% |
| Deferred charges and accrued income | 490/1 | €234,121 | €122,010 | -€112,111 | -47.9% |
| Total equity and liabilities | 10/49 | €6,779,494 | €5,953,700 | -€825,794 | -12.2% |
| Equity | 10/15 | -€9,829 | -€1,738 | +€8,091 | +82.3% |
| 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% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€119,829 | -€111,738 | +€8,091 | +6.8% |
| Amounts payable | 17/49 | €6,789,323 | €5,955,437 | -€833,886 | -12.3% |
| Amounts payable within one year | 42/48 | €6,782,886 | €5,955,437 | -€827,449 | -12.2% |
| Financial debts | 43 | €404,556 | - | -€404,556 | |
| Credit institutions | 430/8 | €404,556 | - | -€404,556 | |
| Trade debts | 44 | €761,011 | €304,284 | -€456,728 | -60.0% |
| Suppliers | 440/4 | €761,011 | €304,284 | -€456,728 | -60.0% |
| Taxes, remuneration and social security | 45 | €5,568,170 | €5,648,775 | +€80,606 | +1.4% |
| Taxes | 450/3 | €5,526,745 | €5,612,777 | +€86,032 | +1.6% |
| Remuneration and social security | 454/9 | €41,424 | €35,998 | -€5,426 | -13.1% |
| Other amounts payable | 47/48 | €49,149 | €2,379 | -€46,771 | -95.2% |
| Accrued charges and deferred income | 492/3 | €6,437 | - | -€6,437 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €602,793 | €473,898 | -€128,895 | -21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,270 | €59,763 | -€19,507 | -24.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €25,376 | - | -€25,376 | |
| Other operating charges | 640/8 | €512,604 | €397,118 | -€115,485 | -22.5% |
| Non-recurring operating charges | 66A | €96,771 | €54,553 | -€42,217 | -43.6% |
| Gross operating margin | 9900 | €714,272 | €1,143,767 | +€429,495 | +60.1% |
| Operating profit (loss) | 9901 | -€602,542 | €158,434 | +€760,976 | |
| Financial income | 75/76B | €782 | €267 | -€515 | -65.8% |
| Recurring financial income | 75 | €782 | €267 | -€515 | -65.8% |
| Financial charges | 65/66B | €72,759 | €61,255 | -€11,504 | -15.8% |
| Recurring financial charges | 65 | €72,759 | €61,255 | -€11,504 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | -€674,518 | €97,447 | +€771,965 | |
| Income taxes | 67/77 | €246 | €89,355 | +€89,109 | +36240.9% |
| Profit (loss) for the period | 9904 | -€674,764 | €8,091 | +€682,856 | |
| Profit (loss) for the period to be appropriated | 9905 | -€674,764 | €8,091 | +€682,856 |
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 7 October 2026 via checked.be.