FLYING 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.
FLYING LOGISTICS
Largest movements
- Cash +€499,729
up €499,729 (+76.0%), from €657,477 to €1.2m
mainly Net result for the year (+€513,646) and Tax, wage and social debts (+€302,535)
- Receivables within one year +€104,359
up €104,359 (+7.9%), from €1.3m to €1.4m
of which Other amounts receivable: +€550,254
- Profit (loss) carried forward +€328,646
up €328,646 (+103.3%), from €318,298 to €646,945
- Tax, wage and social debts +€302,535
up €302,535 (+311.4%), from €97,141 to €399,676
of which Taxes: +€189,391
- Other debts -€49,500
down €49,500 (-98.9%), from €50,054 to €554
- Gross operating margin +€671,391
up €671,391 (+38.4%), from €1.7m to €2.4m
- Write-downs +€166,984
new in 2026: €166,984
- Financial charges +€153,841
up €153,841 (+43.0%), from €358,174 to €512,014
- Staff costs +€59,162
up €59,162 (+5.8%), from €1.0m to €1.1m
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,069,148 | €2,643,218 | +€574,071 | +27.7% |
| Fixed assets | 21/28 | €71,643 | €56,393 | -€15,250 | -21.3% |
| Intangible fixed assets | 21 | €7,695 | - | -€7,695 | |
| Tangible fixed assets | 22/27 | €22,826 | €15,271 | -€7,555 | -33.1% |
| Plant, machinery and equipment | 23 | €13,209 | €11,234 | -€1,975 | -15.0% |
| Furniture and vehicles | 24 | €9,617 | €4,037 | -€5,580 | -58.0% |
| Financial fixed assets | 28 | €41,122 | €41,122 | = | 0.0% |
| Current assets | 29/58 | €1,997,505 | €2,586,825 | +€589,320 | +29.5% |
| Amounts receivable within one year | 40/41 | €1,322,847 | €1,427,207 | +€104,359 | +7.9% |
| Trade receivables | 40 | €1,322,847 | €876,953 | -€445,895 | -33.7% |
| Other amounts receivable | 41 | - | €550,254 | +€550,254 | |
| Cash at bank and in hand | 54/58 | €657,477 | €1,157,206 | +€499,729 | +76.0% |
| Deferred charges and accrued income | 490/1 | €17,180 | €2,412 | -€14,768 | -86.0% |
| Total equity and liabilities | 10/49 | €2,069,148 | €2,643,218 | +€574,071 | +27.7% |
| Equity | 10/15 | €338,298 | €666,945 | +€328,646 | +97.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Outside capital | 11 | €20,000 | €20,000 | = | 0.0% |
| Other | 1109/19 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €318,298 | €646,945 | +€328,646 | +103.3% |
| Amounts payable | 17/49 | €1,730,849 | €1,976,273 | +€245,424 | +14.2% |
| Amounts payable within one year | 42/48 | €1,729,601 | €1,976,273 | +€246,672 | +14.3% |
| Trade debts | 44 | €1,582,406 | €1,576,043 | -€6,363 | -0.4% |
| Suppliers | 440/4 | €1,582,406 | €1,576,043 | -€6,363 | -0.4% |
| Taxes, remuneration and social security | 45 | €97,141 | €399,676 | +€302,535 | +311.4% |
| Taxes | 450/3 | €97,141 | €286,532 | +€189,391 | +195.0% |
| Remuneration and social security | 454/9 | - | €113,144 | +€113,144 | |
| Other amounts payable | 47/48 | €50,054 | €554 | -€49,500 | -98.9% |
| Accrued charges and deferred income | 492/3 | €1,248 | - | -€1,248 | |
| Remuneration, social security and pensions | 62 | €1,016,401 | €1,075,563 | +€59,162 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,208 | €17,293 | +€8,084 | +87.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €166,984 | +€166,984 | |
| Other operating charges | 640/8 | €1,278 | €10,290 | +€9,012 | +704.9% |
| Gross operating margin | 9900 | €1,747,677 | €2,419,068 | +€671,391 | +38.4% |
| Operating profit (loss) | 9901 | €720,789 | €1,148,937 | +€428,148 | +59.4% |
| Financial income | 75/76B | €1,020 | €610 | -€409 | -40.1% |
| Recurring financial income | 75 | €1,020 | €610 | -€409 | -40.1% |
| Financial charges | 65/66B | €358,174 | €512,014 | +€153,841 | +43.0% |
| Recurring financial charges | 65 | €358,174 | €512,014 | +€153,841 | +43.0% |
| Profit (loss) for the period before taxes | 9903 | €363,635 | €637,533 | +€273,898 | +75.3% |
| Income taxes | 67/77 | €107,145 | €123,887 | +€16,742 | +15.6% |
| Profit (loss) for the period | 9904 | €256,491 | €513,646 | +€257,156 | +100.3% |
| Profit (loss) for the period to be appropriated | 9905 | €256,491 | €513,646 | +€257,156 | +100.3% |
Source: filed annual accounts (NBB), fiscal years ended 28 February 2025 and 28 February 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.