EURO - 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.
EURO - LOGISTICS
Largest movements
- Receivables within one year +€136,503
up €136,503 (+31.9%), from €427,335 to €563,837
of which Trade receivables: +€199,579
- Tangible fixed assets -€109,773
down €109,773 (-23.2%), from €473,777 to €364,004
- Cash -€98,202
down €98,202 (-49.5%), from €198,435 to €100,232
mainly Receivables within one year (-€136,503) and Net result for the year (-€84,315)
- Reserves -€199,171
down €199,171 (-33.7%), from €590,335 to €391,164
of which Distributable reserves: -€199,171
- Profit (loss) carried forward +€114,856
no longer reported in 2024 (was -€114,856)
- Short-term financial debts +€80,000
up €80,000 (+47.1%), from €170,000 to €250,000
- Debts after one year -€46,020
down €46,020 (-48.8%), from €94,391 to €48,372
- Trade debts +€27,687
up €27,687 (+14.6%), from €189,169 to €216,855
- Staff costs -€70,602
down €70,602 (-11.9%), from €591,385 to €520,783
- Gross operating margin -€54,840
down €54,840 (-8.4%), from €654,304 to €599,464
- Depreciation -€48,648
down €48,648 (-33.1%), from €146,960 to €98,312
- Other operating charges +€21,575
up €21,575 (+210%), from €10,297 to €31,873
- Financial charges +€17,437
up €17,437 (+73.4%), from €23,745 to €41,182
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,107,144 | €1,042,325 | -€64,819 | -5.9% |
| Fixed assets | 21/28 | €474,421 | €364,649 | -€109,773 | -23.1% |
| Tangible fixed assets | 22/27 | €473,777 | €364,004 | -€109,773 | -23.2% |
| Land and buildings | 22 | €176,725 | €158,895 | -€17,830 | -10.1% |
| Plant, machinery and equipment | 23 | €760 | €1,151 | +€391 | +51.4% |
| Furniture and vehicles | 24 | €152,773 | €105,179 | -€47,594 | -31.2% |
| Leasing and similar rights | 25 | €142,272 | €98,156 | -€44,116 | -31.0% |
| Other tangible fixed assets | 26 | €1,247 | €623 | -€623 | -50.0% |
| Financial fixed assets | 28 | €645 | €645 | = | 0.0% |
| Current assets | 29/58 | €632,722 | €677,676 | +€44,954 | +7.1% |
| Amounts receivable within one year | 40/41 | €427,335 | €563,837 | +€136,503 | +31.9% |
| Trade receivables | 40 | €284,786 | €484,365 | +€199,579 | +70.1% |
| Other amounts receivable | 41 | €142,548 | €79,472 | -€63,076 | -44.2% |
| Cash at bank and in hand | 54/58 | €198,435 | €100,232 | -€98,202 | -49.5% |
| Deferred charges and accrued income | 490/1 | €6,953 | €13,607 | +€6,654 | +95.7% |
| Total equity and liabilities | 10/49 | €1,107,144 | €1,042,325 | -€64,819 | -5.9% |
| Equity | 10/15 | €494,079 | €409,764 | -€84,315 | -17.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €590,335 | €391,164 | -€199,171 | -33.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €67,948 | €67,948 | = | 0.0% |
| Distributable reserves | 133 | €520,527 | €321,356 | -€199,171 | -38.3% |
| Profit (loss) carried forward | 14 | -€114,856 | - | +€114,856 | |
| Amounts payable | 17/49 | €613,065 | €632,562 | +€19,497 | +3.2% |
| Amounts payable after more than one year | 17 | €94,391 | €48,372 | -€46,020 | -48.8% |
| Financial debts | 170/4 | €94,391 | €48,372 | -€46,020 | -48.8% |
| Amounts payable within one year | 42/48 | €518,674 | €584,190 | +€65,517 | +12.6% |
| Current portion of amounts payable after more than one year | 42 | €77,341 | €54,976 | -€22,365 | -28.9% |
| Financial debts | 43 | €170,000 | €250,000 | +€80,000 | +47.1% |
| Other loans | 439 | €170,000 | €250,000 | +€80,000 | +47.1% |
| Trade debts | 44 | €189,169 | €216,855 | +€27,687 | +14.6% |
| Suppliers | 440/4 | €189,169 | €216,855 | +€27,687 | +14.6% |
| Taxes, remuneration and social security | 45 | €82,164 | €62,359 | -€19,805 | -24.1% |
| Taxes | 450/3 | €19,921 | €11,384 | -€8,537 | -42.9% |
| Remuneration and social security | 454/9 | €62,243 | €50,974 | -€11,268 | -18.1% |
| Non-recurring operating income | 76A | €35,000 | - | -€35,000 | |
| Remuneration, social security and pensions | 62 | €591,385 | €520,783 | -€70,602 | -11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €146,960 | €98,312 | -€48,648 | -33.1% |
| Other operating charges | 640/8 | €10,297 | €31,873 | +€21,575 | +210% |
| Gross operating margin | 9900 | €654,304 | €599,464 | -€54,840 | -8.4% |
| Operating profit (loss) | 9901 | -€94,338 | -€51,504 | +€42,834 | +45.4% |
| Financial income | 75/76B | €4,803 | €9,739 | +€4,937 | +103% |
| Recurring financial income | 75 | €4,803 | €9,739 | +€4,937 | +103% |
| Financial charges | 65/66B | €23,745 | €41,182 | +€17,437 | +73.4% |
| Recurring financial charges | 65 | €23,745 | €41,182 | +€17,437 | +73.4% |
| Profit (loss) for the period before taxes | 9903 | -€113,280 | -€82,946 | +€30,334 | +26.8% |
| Income taxes | 67/77 | €1,575 | €1,369 | -€206 | -13.1% |
| Profit (loss) for the period | 9904 | -€114,856 | -€84,315 | +€30,540 | +26.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€114,856 | -€84,315 | +€30,540 | +26.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.