GFK LOGISTICS: 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.
GFK LOGISTICS
Largest movements
- Cash -€61,011
down €61,011 (-88.5%), from €68,959 to €7,948
mainly Trade debts (-€94,144) and Receivables within one year (-€39,093)
- Receivables within one year +€39,093
up €39,093 (+45.6%), from €85,801 to €124,893
of which Trade receivables: +€55,797
- Trade debts -€94,144
down €94,144 (-68.7%), from €137,111 to €42,967
- Profit (loss) carried forward +€69,542
up €69,542, from -€54,907 to €14,635
- Tax, wage and social debts +€2,345
up €2,345 (+4.4%), from €52,781 to €55,127
of which Taxes: +€3,971
- Gross operating margin +€42,979
up €42,979 (+43.7%), from €98,345 to €141,324
- Staff costs -€18,053
down €18,053 (-30.1%), from €59,921 to €41,868
- Taxes +€16,774
up €16,774 (+169%), from €9,904 to €26,677
- Other operating charges -€14,661
down €14,661 (-90.6%), from €16,188 to €1,527
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.
Derived cash bridge
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 | €155,446 | €133,189 | -€22,257 | -14.3% |
| Fixed assets | 21/28 | €255 | €255 | = | 0.0% |
| Financial fixed assets | 28 | €255 | €255 | = | 0.0% |
| Current assets | 29/58 | €155,191 | €132,934 | -€22,257 | -14.3% |
| Amounts receivable within one year | 40/41 | €85,801 | €124,893 | +€39,093 | +45.6% |
| Trade receivables | 40 | €64,942 | €120,738 | +€55,797 | +85.9% |
| Other amounts receivable | 41 | €20,859 | €4,155 | -€16,704 | -80.1% |
| Cash at bank and in hand | 54/58 | €68,959 | €7,948 | -€61,011 | -88.5% |
| Deferred charges and accrued income | 490/1 | €431 | €93 | -€338 | -78.5% |
| Total equity and liabilities | 10/49 | €155,446 | €133,189 | -€22,257 | -14.3% |
| Equity | 10/15 | -€34,447 | €35,095 | +€69,542 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€54,907 | €14,635 | +€69,542 | |
| Amounts payable | 17/49 | €189,893 | €98,094 | -€91,799 | -48.3% |
| Amounts payable within one year | 42/48 | €189,893 | €98,094 | -€91,799 | -48.3% |
| Trade debts | 44 | €137,111 | €42,967 | -€94,144 | -68.7% |
| Suppliers | 440/4 | €137,111 | €42,967 | -€94,144 | -68.7% |
| Taxes, remuneration and social security | 45 | €52,781 | €55,127 | +€2,345 | +4.4% |
| Taxes | 450/3 | €43,564 | €47,536 | +€3,971 | +9.1% |
| Remuneration and social security | 454/9 | €9,217 | €7,591 | -€1,626 | -17.6% |
| Remuneration, social security and pensions | 62 | €59,921 | €41,868 | -€18,053 | -30.1% |
| Other operating charges | 640/8 | €16,188 | €1,527 | -€14,661 | -90.6% |
| Gross operating margin | 9900 | €98,345 | €141,324 | +€42,979 | +43.7% |
| Operating profit (loss) | 9901 | €22,236 | €97,929 | +€75,693 | +340% |
| Financial income | 75/76B | €13 | €6 | -€7 | -54.9% |
| Recurring financial income | 75 | €13 | €6 | -€7 | -54.9% |
| Financial charges | 65/66B | €853 | €1,716 | +€862 | +101% |
| Recurring financial charges | 65 | €853 | €1,716 | +€862 | +101% |
| Profit (loss) for the period before taxes | 9903 | €21,396 | €96,219 | +€74,824 | +350% |
| Income taxes | 67/77 | €9,904 | €26,677 | +€16,774 | +169% |
| Profit (loss) for the period | 9904 | €11,492 | €69,542 | +€58,050 | +505% |
| Profit (loss) for the period to be appropriated | 9905 | €11,492 | €69,542 | +€58,050 | +505% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.