General 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.
General Logistics
Largest movements
- Tangible fixed assets -€61,759
down €61,759 (-49.6%), from €124,637 to €62,878
of which Furniture and vehicles: -€66,151
- Receivables within one year -€57,061
down €57,061 (-85.9%), from €66,455 to €9,394
of which Trade receivables: -€56,254
- Cash +€27,985
up €27,985 (+55.4%), from €50,502 to €78,487
mainly Receivables within one year (+€57,061) and Investment in fixed assets (net) (+€35,373)
- Deferred charges and accrued income +€9,053
up €9,053 (+245.0%), from €3,695 to €12,748
- Profit (loss) carried forward -€45,039
down €45,039 (-2556.1%), from -€1,762 to -€46,801
- Debts after one year -€24,500
down €24,500 (-56.3%), from €43,515 to €19,015
- Trade debts -€17,612
down €17,612 (-89.3%), from €19,723 to €2,111
- Tax, wage and social debts +€3,015
up €3,015 (+26.6%), from €11,314 to €14,329
of which Taxes: +€2,775
- Gross operating margin -€116,950
down €116,950 (-87.9%), from €133,019 to €16,069
- Staff costs -€59,106
down €59,106 (-64.9%), from €91,077 to €31,971
- Depreciation -€12,042
down €12,042 (-31.3%), from €38,428 to €26,386
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 | €279,794 | €198,012 | -€81,782 | -29.2% |
| Fixed assets | 21/28 | €159,142 | €97,383 | -€61,759 | -38.8% |
| Tangible fixed assets | 22/27 | €124,637 | €62,878 | -€61,759 | -49.6% |
| Land and buildings | 22 | - | €3,217 | +€3,217 | |
| Plant, machinery and equipment | 23 | - | €1,175 | +€1,175 | |
| Furniture and vehicles | 24 | €124,637 | €58,486 | -€66,151 | -53.1% |
| Financial fixed assets | 28 | €34,505 | €34,505 | = | 0.0% |
| Current assets | 29/58 | €120,652 | €100,629 | -€20,023 | -16.6% |
| Amounts receivable within one year | 40/41 | €66,455 | €9,394 | -€57,061 | -85.9% |
| Trade receivables | 40 | €65,648 | €9,394 | -€56,254 | -85.7% |
| Other amounts receivable | 41 | €807 | - | -€807 | |
| Cash at bank and in hand | 54/58 | €50,502 | €78,487 | +€27,985 | +55.4% |
| Deferred charges and accrued income | 490/1 | €3,695 | €12,748 | +€9,053 | +245.0% |
| Total equity and liabilities | 10/49 | €279,794 | €198,012 | -€81,782 | -29.2% |
| Equity | 10/15 | €181,310 | €136,271 | -€45,039 | -24.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €181,072 | €181,072 | = | 0.0% |
| Distributable reserves | 133 | €181,072 | €181,072 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,762 | -€46,801 | -€45,039 | -2556.1% |
| Amounts payable | 17/49 | €98,484 | €61,741 | -€36,743 | -37.3% |
| Amounts payable after more than one year | 17 | €43,515 | €19,015 | -€24,500 | -56.3% |
| Financial debts | 170/4 | €43,515 | €19,015 | -€24,500 | -56.3% |
| Amounts payable within one year | 42/48 | €54,969 | €42,726 | -€12,243 | -22.3% |
| Current portion of amounts payable after more than one year | 42 | €23,572 | €24,510 | +€938 | +4.0% |
| Trade debts | 44 | €19,723 | €2,111 | -€17,612 | -89.3% |
| Suppliers | 440/4 | €19,723 | €2,111 | -€17,612 | -89.3% |
| Taxes, remuneration and social security | 45 | €11,314 | €14,329 | +€3,015 | +26.6% |
| Taxes | 450/3 | €9,172 | €11,947 | +€2,775 | +30.3% |
| Remuneration and social security | 454/9 | €2,142 | €2,382 | +€240 | +11.2% |
| Other amounts payable | 47/48 | €360 | €1,776 | +€1,416 | +393.3% |
| Remuneration, social security and pensions | 62 | €91,077 | €31,971 | -€59,106 | -64.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,428 | €26,386 | -€12,042 | -31.3% |
| Other operating charges | 640/8 | €2,561 | €1,308 | -€1,253 | -48.9% |
| Gross operating margin | 9900 | €133,019 | €16,069 | -€116,950 | -87.9% |
| Operating profit (loss) | 9901 | €953 | -€43,596 | -€44,549 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,994 | €1,306 | -€688 | -34.5% |
| Recurring financial charges | 65 | €1,994 | €1,306 | -€688 | -34.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,041 | -€44,901 | -€43,860 | -4213.3% |
| Income taxes | 67/77 | €721 | €138 | -€583 | -80.9% |
| Profit (loss) for the period | 9904 | -€1,762 | -€45,039 | -€43,277 | -2456.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,762 | -€45,039 | -€43,277 | -2456.1% |
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 4 October 2026 via checked.be.