Gitra 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.
Gitra Logistics
Largest movements
- Cash +€58,918
up €58,918 (+47.7%), from €123,507 to €182,426
mainly Net result for the year (+€62,826) and Receivables within one year (+€24,866)
- Tangible fixed assets +€25,109
up €25,109 (+269.0%), from €9,335 to €34,444
of which Furniture and vehicles: +€26,871
- Receivables within one year -€24,866
down €24,866 (-54.0%), from €46,062 to €21,195
of which Trade receivables: -€22,457
- Deferred charges and accrued income +€8,140
up €8,140 (+301.1%), from €2,704 to €10,844
- Reserves +€62,826
up €62,826 (+37.4%), from €167,760 to €230,587
of which Distributable reserves: +€45,859
- Provisions +€5,656
new in 2025: €5,656
- Current portion of long-term debt +€4,576
up €4,576 (+52.1%), from €8,788 to €13,365
- Trade debts -€4,236
down €4,236 (-23.0%), from €18,400 to €14,164
- Gross operating margin +€26,773
up €26,773 (+34.1%), from €78,560 to €105,333
- Taxes +€10,337
up €10,337 (+44.0%), from €23,475 to €33,811
- Financial income +€3,476
up €3,476 (+492.0%), from €706 to €4,182
- Financial charges +€3,100
up €3,100, from -€2,157 to €942
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.
Cash bridge derived
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 | €234,671 | €301,972 | +€67,301 | +28.7% |
| Fixed assets | 21/28 | €10,470 | €35,579 | +€25,109 | +239.8% |
| Tangible fixed assets | 22/27 | €9,335 | €34,444 | +€25,109 | +269.0% |
| Land and buildings | 22 | €2,576 | €1,932 | -€644 | -25.0% |
| Plant, machinery and equipment | 23 | €2,757 | €1,640 | -€1,117 | -40.5% |
| Furniture and vehicles | 24 | €4,001 | €30,872 | +€26,871 | +671.5% |
| Financial fixed assets | 28 | €1,135 | €1,135 | = | 0.0% |
| Current assets | 29/58 | €224,201 | €266,394 | +€42,192 | +18.8% |
| Amounts receivable within one year | 40/41 | €46,062 | €21,195 | -€24,866 | -54.0% |
| Trade receivables | 40 | €42,665 | €20,208 | -€22,457 | -52.6% |
| Other amounts receivable | 41 | €3,397 | €988 | -€2,410 | -70.9% |
| Current investments | 50/53 | €51,928 | €51,928 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €123,507 | €182,426 | +€58,918 | +47.7% |
| Deferred charges and accrued income | 490/1 | €2,704 | €10,844 | +€8,140 | +301.1% |
| Total equity and liabilities | 10/49 | €234,671 | €301,972 | +€67,301 | +28.7% |
| Equity | 10/15 | €186,352 | €249,179 | +€62,826 | +33.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €167,760 | €230,587 | +€62,826 | +37.4% |
| Tax-exempt reserves | 132 | €13,626 | €30,593 | +€16,967 | +124.5% |
| Distributable reserves | 133 | €154,135 | €199,994 | +€45,859 | +29.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | - | €5,656 | +€5,656 | |
| Deferred taxes | 168 | - | €5,656 | +€5,656 | |
| Amounts payable | 17/49 | €48,319 | €47,138 | -€1,181 | -2.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €47,901 | €46,552 | -€1,349 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €8,788 | €13,365 | +€4,576 | +52.1% |
| Trade debts | 44 | €18,400 | €14,164 | -€4,236 | -23.0% |
| Suppliers | 440/4 | €18,400 | €14,164 | -€4,236 | -23.0% |
| Taxes, remuneration and social security | 45 | €17,394 | €15,830 | -€1,564 | -9.0% |
| Taxes | 450/3 | €15,894 | €14,330 | -€1,564 | -9.8% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €3,318 | €3,194 | -€125 | -3.8% |
| Accrued charges and deferred income | 492/3 | €418 | €586 | +€168 | +40.3% |
| Non-recurring operating income | 76A | - | €25,000 | +€25,000 | |
| Remuneration, social security and pensions | 62 | €686 | €301 | -€385 | -56.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,327 | €5,004 | -€322 | -6.0% |
| Other operating charges | 640/8 | €513 | €691 | +€178 | +34.6% |
| Non-recurring operating charges | 66A | - | €283 | +€283 | |
| Gross operating margin | 9900 | €78,560 | €105,333 | +€26,773 | +34.1% |
| Operating profit (loss) | 9901 | €72,034 | €99,053 | +€27,019 | +37.5% |
| Financial income | 75/76B | €706 | €4,182 | +€3,476 | +492.0% |
| Recurring financial income | 75 | €706 | €4,182 | +€3,476 | +492.0% |
| Financial charges | 65/66B | -€2,157 | €942 | +€3,100 | |
| Recurring financial charges | 65 | -€2,157 | €942 | +€3,100 | |
| Profit (loss) for the period before taxes | 9903 | €74,898 | €102,293 | +€27,395 | +36.6% |
| Transfer from deferred taxes | 780 | - | €594 | +€594 | |
| Transfer to deferred taxes | 680 | - | €6,250 | +€6,250 | |
| Income taxes | 67/77 | €23,475 | €33,811 | +€10,337 | +44.0% |
| Profit (loss) for the period | 9904 | €51,424 | €62,826 | +€11,403 | +22.2% |
| Transfer from tax-exempt reserves | 789 | - | €1,783 | +€1,783 | |
| Transfer to tax-exempt reserves | 689 | - | €18,750 | +€18,750 | |
| Profit (loss) for the period to be appropriated | 9905 | €51,424 | €45,859 | -€5,565 | -10.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.