FAR 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.
FAR LOGISTICS
Largest movements
- Receivables within one year +€441,879
up €441,879 (+63.0%), from €701,815 to €1.1m
of which Trade receivables: +€372,097
- Cash +€165,557
up €165,557 (+275.9%), from €60,016 to €225,573
mainly Trade debts (+€408,673) and Other debts (+€197,537)
- Deferred charges and accrued income +€43,938
up €43,938 (+415.0%), from €10,587 to €54,524
- Trade debts +€408,673
up €408,673 (+67.2%), from €608,139 to €1.0m
- Other debts +€197,537
up €197,537 (+35.0%), from €564,713 to €762,249
- Profit (loss) carried forward +€44,964
up €44,964 (+14.2%), from -€316,606 to -€271,642
- Gross operating margin +€436,705
up €436,705, from -€54,815 to €381,890
- Staff costs +€96,580
up €96,580 (+49.9%), from €193,402 to €289,982
- Write-downs -€57,692
down €57,692 (-100.0%), from €57,692 to €0
- Financial charges +€33,965
up €33,965 (+383.8%), from €8,849 to €42,814
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.
Cash bridge derived
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 | €862,215 | €1,528,226 | +€666,011 | +77.2% |
| Fixed assets | 21/28 | €89,797 | €104,434 | +€14,637 | +16.3% |
| Tangible fixed assets | 22/27 | €5,633 | €11,285 | +€5,652 | +100.3% |
| Furniture and vehicles | 24 | €3,513 | €6,169 | +€2,656 | +75.6% |
| Other tangible fixed assets | 26 | €2,121 | €5,117 | +€2,996 | +141.3% |
| Financial fixed assets | 28 | €84,163 | €93,148 | +€8,985 | +10.7% |
| Current assets | 29/58 | €772,418 | €1,423,792 | +€651,374 | +84.3% |
| Amounts receivable within one year | 40/41 | €701,815 | €1,143,695 | +€441,879 | +63.0% |
| Trade receivables | 40 | €671,197 | €1,043,294 | +€372,097 | +55.4% |
| Other amounts receivable | 41 | €30,618 | €100,401 | +€69,782 | +227.9% |
| Cash at bank and in hand | 54/58 | €60,016 | €225,573 | +€165,557 | +275.9% |
| Deferred charges and accrued income | 490/1 | €10,587 | €54,524 | +€43,938 | +415.0% |
| Total equity and liabilities | 10/49 | €862,215 | €1,528,226 | +€666,011 | +77.2% |
| Equity | 10/15 | -€311,606 | -€266,642 | +€44,964 | +14.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€316,606 | -€271,642 | +€44,964 | +14.2% |
| Amounts payable | 17/49 | €1,173,821 | €1,794,868 | +€621,047 | +52.9% |
| Amounts payable within one year | 42/48 | €1,173,215 | €1,794,163 | +€620,948 | +52.9% |
| Trade debts | 44 | €608,139 | €1,016,812 | +€408,673 | +67.2% |
| Suppliers | 440/4 | €608,139 | €1,016,812 | +€408,673 | +67.2% |
| Taxes, remuneration and social security | 45 | €363 | €15,101 | +€14,738 | +4057.2% |
| Remuneration and social security | 454/9 | €363 | €15,101 | +€14,738 | +4057.2% |
| Other amounts payable | 47/48 | €564,713 | €762,249 | +€197,537 | +35.0% |
| Accrued charges and deferred income | 492/3 | €606 | €705 | +€99 | +16.3% |
| Remuneration, social security and pensions | 62 | €193,402 | €289,982 | +€96,580 | +49.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,992 | €4,407 | +€2,415 | +121.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €57,692 | €0 | -€57,692 | -100.0% |
| Gross operating margin | 9900 | -€54,815 | €381,890 | +€436,705 | |
| Operating profit (loss) | 9901 | -€307,901 | €87,501 | +€395,402 | |
| Financial income | 75/76B | €144 | €277 | +€133 | +92.7% |
| Recurring financial income | 75 | €144 | €277 | +€133 | +92.7% |
| Financial charges | 65/66B | €8,849 | €42,814 | +€33,965 | +383.8% |
| Recurring financial charges | 65 | €8,849 | €42,814 | +€33,965 | +383.8% |
| Profit (loss) for the period before taxes | 9903 | -€316,606 | €44,964 | +€361,570 | |
| Profit (loss) for the period | 9904 | -€316,606 | €44,964 | +€361,570 | |
| Profit (loss) for the period to be appropriated | 9905 | -€316,606 | €44,964 | +€361,570 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.