FELUY LOGISTIC: 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.
FELUY LOGISTIC
Largest movements
- Receivables within one year +€92,579
up €92,579 (+30.3%), from €305,058 to €397,637
of which Other amounts receivable: +€88,560
- Tangible fixed assets -€12,900
down €12,900 (-25.3%), from €51,082 to €38,182
of which Plant, machinery and equipment: -€8,000
- Trade debts +€58,692
up €58,692 (+282%), from €20,793 to €79,485
of which Suppliers: +€43,692
- Other debts +€17,124
up €17,124 (+6.0%), from €283,219 to €300,343
- Staff costs +€16,095
up €16,095 (+6.2%), from €260,312 to €276,407
- Gross operating margin +€15,900
up €15,900 (+5.2%), from €304,671 to €320,571
- Depreciation -€4,417
down €4,417 (-25.5%), from €17,316 to €12,900
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.
Derived cash bridge
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 | €365,017 | €442,859 | +€77,842 | +21.3% |
| Fixed assets | 21/28 | €51,082 | €38,182 | -€12,900 | -25.3% |
| Tangible fixed assets | 22/27 | €51,082 | €38,182 | -€12,900 | -25.3% |
| Plant, machinery and equipment | 23 | €32,567 | €24,567 | -€8,000 | -24.6% |
| Leasing and similar rights | 25 | €917 | €417 | -€500 | -54.5% |
| Other tangible fixed assets | 26 | €17,599 | €13,199 | -€4,400 | -25.0% |
| Current assets | 29/58 | €313,935 | €404,676 | +€90,741 | +28.9% |
| Amounts receivable within one year | 40/41 | €305,058 | €397,637 | +€92,579 | +30.3% |
| Trade receivables | 40 | €217,966 | €221,986 | +€4,020 | +1.8% |
| Other amounts receivable | 41 | €87,092 | €175,651 | +€88,560 | +102% |
| Cash at bank and in hand | 54/58 | €1,708 | €1,666 | -€42 | -2.4% |
| Deferred charges and accrued income | 490/1 | €7,169 | €5,373 | -€1,797 | -25.1% |
| Total equity and liabilities | 10/49 | €365,017 | €442,859 | +€77,842 | +21.3% |
| Equity | 10/15 | €10,664 | €13,925 | +€3,262 | +30.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €38,034 | €38,034 | = | 0.0% |
| Distributable reserves | 133 | €38,034 | €38,034 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,970 | -€42,709 | +€3,262 | +7.1% |
| Amounts payable | 17/49 | €354,354 | €428,934 | +€74,580 | +21.0% |
| Amounts payable within one year | 42/48 | €354,354 | €428,934 | +€74,580 | +21.0% |
| Financial debts | 43 | €21,516 | €23,544 | +€2,028 | +9.4% |
| Credit institutions | 430/8 | €21,516 | €23,544 | +€2,028 | +9.4% |
| Trade debts | 44 | €20,793 | €79,485 | +€58,692 | +282% |
| Suppliers | 440/4 | €20,793 | €64,485 | +€43,692 | +210% |
| Bills of exchange payable | 441 | - | €15,000 | +€15,000 | |
| Taxes, remuneration and social security | 45 | €28,826 | €25,561 | -€3,264 | -11.3% |
| Remuneration and social security | 454/9 | €28,826 | €25,561 | -€3,264 | -11.3% |
| Other amounts payable | 47/48 | €283,219 | €300,343 | +€17,124 | +6.0% |
| Remuneration, social security and pensions | 62 | €260,312 | €276,407 | +€16,095 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,316 | €12,900 | -€4,417 | -25.5% |
| Other operating charges | 640/8 | €18,350 | €18,425 | +€75 | +0.4% |
| Gross operating margin | 9900 | €304,671 | €320,571 | +€15,900 | +5.2% |
| Operating profit (loss) | 9901 | €8,693 | €12,840 | +€4,147 | +47.7% |
| Financial charges | 65/66B | €8,332 | €9,578 | +€1,246 | +15.0% |
| Recurring financial charges | 65 | €8,332 | €9,578 | +€1,246 | +15.0% |
| Profit (loss) for the period before taxes | 9903 | €361 | €3,262 | +€2,900 | +803% |
| Profit (loss) for the period | 9904 | €361 | €3,262 | +€2,900 | +803% |
| Profit (loss) for the period to be appropriated | 9905 | €361 | €3,262 | +€2,900 | +803% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.