H&M LOGISTIC: 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.
H&M LOGISTIC
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Purchases and services -€193,001
no longer reported in 2025 (was €193,001)
- Gross operating margin -€100,164
no longer reported in 2025 (was €100,164)
- Staff costs -€77,883
no longer reported in 2025 (was €77,883)
- Depreciation -€25,427
no longer reported in 2025 (was €25,427)
- Taxes -€1,367
no longer reported in 2025 (was €1,367)
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €179,465 | €179,465 | = | 0.0% |
| Fixed assets | 21/28 | €154,684 | €154,684 | = | 0.0% |
| Tangible fixed assets | 22/27 | €135,507 | €135,507 | = | 0.0% |
| Furniture and vehicles | 24 | €135,507 | €135,507 | = | 0.0% |
| Financial fixed assets | 28 | €19,177 | €19,177 | = | 0.0% |
| Current assets | 29/58 | €24,781 | €24,781 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €21,426 | €21,426 | = | 0.0% |
| Other amounts receivable | 41 | €21,426 | €21,426 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,355 | €3,355 | = | 0.0% |
| Total equity and liabilities | 10/49 | €179,465 | €179,465 | = | 0.0% |
| Equity | 10/15 | €98,298 | €98,298 | = | 0.0% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €86,298 | €86,298 | = | 0.0% |
| Amounts payable | 17/49 | €81,167 | €81,167 | = | 0.0% |
| Amounts payable within one year | 42/48 | €81,167 | €81,167 | = | 0.0% |
| Trade debts | 44 | €30,260 | €30,260 | = | 0.0% |
| Suppliers | 440/4 | €30,260 | €30,260 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €50,907 | €50,907 | = | 0.0% |
| Taxes | 450/3 | €13,941 | €13,941 | = | 0.0% |
| Remuneration and social security | 454/9 | €36,966 | €36,966 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €193,001 | - | -€193,001 | |
| Remuneration, social security and pensions | 62 | €77,883 | - | -€77,883 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,427 | - | -€25,427 | |
| Other operating charges | 640/8 | €17 | - | -€17 | |
| Gross operating margin | 9900 | €100,164 | - | -€100,164 | |
| Operating profit (loss) | 9901 | -€3,163 | - | +€3,163 | |
| Financial charges | 65/66B | €159 | - | -€159 | |
| Recurring financial charges | 65 | €159 | - | -€159 | |
| Profit (loss) for the period before taxes | 9903 | -€3,322 | - | +€3,322 | |
| Income taxes | 67/77 | €1,367 | - | -€1,367 | |
| Profit (loss) for the period | 9904 | -€4,689 | - | +€4,689 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,689 | - | +€4,689 |
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 9 October 2026 via checked.be.