EUROPAL-LOGISTICS: what changed
What changed
EUROPAL-LOGISTICS
NACE 52.250, Logistics services
filed annual accounts (NBB)
Net result for the year
€166,993
2024 · €76,119+€90,874
Equity
€5.9m
2024 · €5.7m+€166,993
Cash
€156,786
2024 · €59,362+€97,424
Balance sheet total
€8.7m
2024 · €8.9m-€180,287
Largest movements
Assets
- Tangible fixed assets -€378,663
down €378,663 (-4.8%), from €7.9m to €7.5m
of which Land and buildings: -€377,436
- Receivables within one year +€116,014
up €116,014 (+14.4%), from €803,031 to €919,045
of which Other amounts receivable: +€99,369
- Cash +€97,424
up €97,424 (+164%), from €59,362 to €156,786
mainly Current portion of long-term debt (+€1.8m) and Depreciation (+€415,775)
Equity and liabilities
- Debts after one year -€1.8m
no longer reported in 2025 (was €1.8m)
- Current portion of long-term debt +€1.8m
new in 2025: €1.8m
- Reserves +€1.0m
up €1.0m (+1,752%), from €59,745 to €1.1m
of which Distributable reserves: +€1.0m
- Profit (loss) carried forward -€879,462
down €879,462 (-90.8%), from €968,548 to €89,086
- Other debts -€290,539
down €290,539 (-26.7%), from €1.1m to €799,461
Income statement
- Turnover -€992,906
no longer reported in 2025 (was €992,906)
- Purchases and services -€217,372
no longer reported in 2025 (was €217,372)
- Gross operating margin +€80,599
up €80,599 (+10.2%), from €790,640 to €871,239
- Financial charges -€57,352
down €57,352 (-31.1%), from €184,540 to €127,188
- Other operating charges +€29,909
up €29,909 (+53.8%), from €55,621 to €85,529
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€76,119
Gross operating margin
+€80,599
Depreciation
+€25,925
Other operating charges
-€29,909
Financial income
-€14,728
Financial charges
+€57,352
Taxes
-€28,365
Result 2025
€166,993
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€141,527
Investment
-€36,811
Financing
-€7,291
Cash 2024
€59,362
From operations (derived)
+€141,527
Net result for the year
+€166,993
Depreciation
+€415,775
Receivables within one year
-€116,014
Deferred charges and accrued income
+€14,762
Trade debts
+€274
Tax, wage and social debts
-€24,371
Other debts
-€290,539
Accrued charges and deferred income
-€25,353
Investment (derived)
-€36,811
Investment in fixed assets (net)
-€36,811
Financing
-€7,291
Debts after one year
-€1.8m
Current portion of long-term debt
+€1.8m
Short-term financial debts
-€7,291
Cash 2025
€156,786
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,850,470 | €8,670,183 | -€180,287 | -2.0% |
| Fixed assets | 21/28 | €7,919,293 | €7,540,330 | -€378,963 | -4.8% |
| Intangible fixed assets | 21 | €1,499 | €1,199 | -€300 | -20.0% |
| Tangible fixed assets | 22/27 | €7,917,794 | €7,539,130 | -€378,663 | -4.8% |
| Land and buildings | 22 | €7,914,133 | €7,536,697 | -€377,436 | -4.8% |
| Plant, machinery and equipment | 23 | €3,660 | €2,433 | -€1,227 | -33.5% |
| Current assets | 29/58 | €931,177 | €1,129,853 | +€198,677 | +21.3% |
| Amounts receivable within one year | 40/41 | €803,031 | €919,045 | +€116,014 | +14.4% |
| Trade receivables | 40 | €96,954 | €113,599 | +€16,645 | +17.2% |
| Other amounts receivable | 41 | €706,077 | €805,446 | +€99,369 | +14.1% |
| Cash at bank and in hand | 54/58 | €59,362 | €156,786 | +€97,424 | +164% |
| Deferred charges and accrued income | 490/1 | €68,784 | €54,022 | -€14,762 | -21.5% |
| Total equity and liabilities | 10/49 | €8,850,470 | €8,670,183 | -€180,287 | -2.0% |
| Equity | 10/15 | €5,694,938 | €5,861,931 | +€166,993 | +2.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €4,600,000 | €4,600,000 | = | 0.0% |
| Reserves | 13 | €59,745 | €1,106,200 | +€1.0m | +1,752% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €53,545 | €1,100,000 | +€1.0m | +1,954% |
| Profit (loss) carried forward | 14 | €968,548 | €89,086 | -€879,462 | -90.8% |
| Investment grants | 15 | €4,645 | €4,645 | = | 0.0% |
| Amounts payable | 17/49 | €3,155,532 | €2,808,252 | -€347,280 | -11.0% |
| Amounts payable after more than one year | 17 | €1,830,000 | - | -€1.8m | |
| Financial debts | 170/4 | €1,830,000 | - | -€1.8m | |
| Amounts payable within one year | 42/48 | €1,233,925 | €2,741,998 | +€1.5m | +122% |
| Current portion of amounts payable after more than one year | 42 | - | €1,830,000 | +€1.8m | |
| Financial debts | 43 | €53,170 | €45,879 | -€7,291 | -13.7% |
| Credit institutions | 430/8 | €53,170 | €45,879 | -€7,291 | -13.7% |
| Trade debts | 44 | €20,232 | €20,506 | +€274 | +1.4% |
| Suppliers | 440/4 | €20,232 | €20,506 | +€274 | +1.4% |
| Taxes, remuneration and social security | 45 | €70,523 | €46,152 | -€24,371 | -34.6% |
| Taxes | 450/3 | €70,523 | €46,152 | -€24,371 | -34.6% |
| Other amounts payable | 47/48 | €1,090,000 | €799,461 | -€290,539 | -26.7% |
| Accrued charges and deferred income | 492/3 | €91,607 | €66,254 | -€25,353 | -27.7% |
| Turnover | 70 | €992,906 | - | -€992,906 | |
| Goods, raw materials, services and sundry goods | 60/61 | €217,372 | - | -€217,372 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €441,700 | €415,775 | -€25,925 | -5.9% |
| Other operating charges | 640/8 | €55,621 | €85,529 | +€29,909 | +53.8% |
| Gross operating margin | 9900 | €790,640 | €871,239 | +€80,599 | +10.2% |
| Operating profit (loss) | 9901 | €293,320 | €369,935 | +€76,615 | +26.1% |
| Financial income | 75/76B | €50,446 | €35,717 | -€14,728 | -29.2% |
| Recurring financial income | 75 | €50,446 | €35,717 | -€14,728 | -29.2% |
| Financial charges | 65/66B | €184,540 | €127,188 | -€57,352 | -31.1% |
| Recurring financial charges | 65 | €184,540 | €127,188 | -€57,352 | -31.1% |
| Profit (loss) for the period before taxes | 9903 | €159,226 | €278,465 | +€119,238 | +74.9% |
| Income taxes | 67/77 | €83,107 | €111,472 | +€28,365 | +34.1% |
| Profit (loss) for the period | 9904 | €76,119 | €166,993 | +€90,874 | +119% |
| Profit (loss) for the period to be appropriated | 9905 | €76,119 | €166,993 | +€90,874 | +119% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.