HBL 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.
HBL LOGISTICS
Largest movements
- Cash +€18,344
up €18,344 (+322.2%), from €5,693 to €24,037
mainly Net result for the year (+€23,035) and Trade debts (+€1,917)
- Receivables within one year +€5,370
up €5,370 (+45.3%), from €11,856 to €17,226
- Profit (loss) carried forward +€23,035
up €23,035 (+36.9%), from -€62,449 to -€39,414
- Trade debts +€1,917
up €1,917 (+43.2%), from €4,432 to €6,348
- Tax, wage and social debts -€1,238
down €1,238 (-61.7%), from €2,006 to €768
- Gross operating margin +€6,788
up €6,788 (+40.0%), from €16,964 to €23,752
- Financial charges +€254
up €254 (+403.5%), from €63 to €317
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 | €17,550 | €41,263 | +€23,714 | +135.1% |
| Current assets | 29/58 | €17,550 | €41,263 | +€23,714 | +135.1% |
| Amounts receivable within one year | 40/41 | €11,856 | €17,226 | +€5,370 | +45.3% |
| Trade receivables | 40 | €11,856 | €17,226 | +€5,370 | +45.3% |
| Cash at bank and in hand | 54/58 | €5,693 | €24,037 | +€18,344 | +322.2% |
| Total equity and liabilities | 10/49 | €17,550 | €41,263 | +€23,714 | +135.1% |
| Equity | 10/15 | -€43,849 | -€20,814 | +€23,035 | +52.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,449 | -€39,414 | +€23,035 | +36.9% |
| Amounts payable | 17/49 | €61,399 | €62,077 | +€678 | +1.1% |
| Amounts payable within one year | 42/48 | €61,399 | €62,077 | +€678 | +1.1% |
| Trade debts | 44 | €4,432 | €6,348 | +€1,917 | +43.2% |
| Suppliers | 440/4 | €4,432 | €6,348 | +€1,917 | +43.2% |
| Taxes, remuneration and social security | 45 | €2,006 | €768 | -€1,238 | -61.7% |
| Taxes | 450/3 | €2,006 | €768 | -€1,238 | -61.7% |
| Other amounts payable | 47/48 | €54,961 | €54,961 | = | 0.0% |
| Other operating charges | 640/8 | €432 | €400 | -€32 | -7.4% |
| Gross operating margin | 9900 | €16,964 | €23,752 | +€6,788 | +40.0% |
| Operating profit (loss) | 9901 | €16,532 | €23,353 | +€6,820 | +41.3% |
| Financial charges | 65/66B | €63 | €317 | +€254 | +403.5% |
| Recurring financial charges | 65 | €63 | €317 | +€254 | +403.5% |
| Profit (loss) for the period before taxes | 9903 | €16,469 | €23,035 | +€6,566 | +39.9% |
| Profit (loss) for the period | 9904 | €16,469 | €23,035 | +€6,566 | +39.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,469 | €23,035 | +€6,566 | +39.9% |
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 7 October 2026 via checked.be.