Go4Logistics: 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.
Go4Logistics
Largest movements
- Receivables within one year +€185,396
up €185,396 (+55.4%), from €334,777 to €520,172
of which Trade receivables: +€201,918
- Tangible fixed assets -€19,716
down €19,716 (-55.9%), from €35,262 to €15,546
of which Plant, machinery and equipment: -€12,817
- Cash +€13,877
up €13,877 (+156.1%), from €8,892 to €22,768
mainly Other debts (+€528,122) and Trade debts (+€155,205)
- Other debts +€528,122
up €528,122 (+16.5%), from €3.2m to €3.7m
- Profit (loss) carried forward -€498,155
down €498,155 (-15.6%), from -€3.2m to -€3.7m
- Trade debts +€155,205
up €155,205 (+107.8%), from €144,026 to €299,232
- Turnover +€163,862
up €163,862 (+14.9%), from €1.1m to €1.3m
- Purchases and services +€156,317
up €156,317 (+16.3%), from €957,442 to €1.1m
- Staff costs -€74,050
down €74,050 (-8.2%), from €905,444 to €831,395
- Gross operating margin +€70,840
up €70,840 (+15.0%), from €470,973 to €541,813
- Financial charges +€13,136
up €13,136 (+7.8%), from €167,636 to €180,772
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 | €413,176 | €591,991 | +€178,815 | +43.3% |
| Fixed assets | 21/28 | €50,087 | €30,371 | -€19,716 | -39.4% |
| Tangible fixed assets | 22/27 | €35,262 | €15,546 | -€19,716 | -55.9% |
| Land and buildings | 22 | €604 | €405 | -€199 | -32.9% |
| Plant, machinery and equipment | 23 | €16,374 | €3,557 | -€12,817 | -78.3% |
| Other tangible fixed assets | 26 | €18,285 | €11,584 | -€6,701 | -36.6% |
| Financial fixed assets | 28 | €14,825 | €14,825 | = | 0.0% |
| Current assets | 29/58 | €363,089 | €561,620 | +€198,531 | +54.7% |
| Amounts receivable within one year | 40/41 | €334,777 | €520,172 | +€185,396 | +55.4% |
| Trade receivables | 40 | €317,901 | €519,819 | +€201,918 | +63.5% |
| Other amounts receivable | 41 | €16,876 | €353 | -€16,522 | -97.9% |
| Cash at bank and in hand | 54/58 | €8,892 | €22,768 | +€13,877 | +156.1% |
| Deferred charges and accrued income | 490/1 | €19,420 | €18,680 | -€741 | -3.8% |
| Total equity and liabilities | 10/49 | €413,176 | €591,991 | +€178,815 | +43.3% |
| Equity | 10/15 | -€3,047,753 | -€3,545,909 | -€498,155 | -16.3% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,197,753 | -€3,695,909 | -€498,155 | -15.6% |
| Provisions and deferred taxes | 16 | - | €1,103 | +€1,103 | |
| Provisions for liabilities and charges | 160/5 | - | €1,103 | +€1,103 | |
| Pensions and similar obligations | 160 | - | €1,103 | +€1,103 | |
| Amounts payable | 17/49 | €3,460,930 | €4,136,797 | +€675,867 | +19.5% |
| Amounts payable within one year | 42/48 | €3,457,408 | €4,135,347 | +€677,939 | +19.6% |
| Trade debts | 44 | €144,026 | €299,232 | +€155,205 | +107.8% |
| Suppliers | 440/4 | €144,026 | €299,232 | +€155,205 | +107.8% |
| Taxes, remuneration and social security | 45 | €109,375 | €103,986 | -€5,388 | -4.9% |
| Taxes | 450/3 | €10,864 | €25,201 | +€14,336 | +132.0% |
| Remuneration and social security | 454/9 | €98,511 | €78,786 | -€19,725 | -20.0% |
| Other amounts payable | 47/48 | €3,204,007 | €3,732,129 | +€528,122 | +16.5% |
| Accrued charges and deferred income | 492/3 | €3,522 | €1,450 | -€2,072 | -58.8% |
| Turnover | 70 | €1,102,467 | €1,266,329 | +€163,862 | +14.9% |
| Non-recurring operating income | 76A | €140 | - | -€140 | |
| Goods, raw materials, services and sundry goods | 60/61 | €957,442 | €1,113,759 | +€156,317 | +16.3% |
| Remuneration, social security and pensions | 62 | €905,444 | €831,395 | -€74,050 | -8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,137 | €19,716 | -€3,420 | -14.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,145 | €1,103 | +€2,248 | |
| Other operating charges | 640/8 | €6,527 | €5,176 | -€1,351 | -20.7% |
| Gross operating margin | 9900 | €470,973 | €541,813 | +€70,840 | +15.0% |
| Operating profit (loss) | 9901 | -€462,990 | -€315,577 | +€147,413 | +31.8% |
| Financial income | 75/76B | €240 | €1,355 | +€1,115 | +464.6% |
| Recurring financial income | 75 | €240 | €10 | -€230 | -95.8% |
| Non-recurring financial income | 76B | - | €1,345 | +€1,345 | |
| Financial charges | 65/66B | €167,636 | €180,772 | +€13,136 | +7.8% |
| Recurring financial charges | 65 | €167,636 | €180,772 | +€13,136 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | -€630,385 | -€494,993 | +€135,392 | +21.5% |
| Income taxes | 67/77 | €2,194 | €3,162 | +€968 | +44.1% |
| Profit (loss) for the period | 9904 | -€632,579 | -€498,155 | +€134,424 | +21.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€632,579 | -€498,155 | +€134,424 | +21.3% |
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 12 October 2026 via checked.be.