HCL 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.
What changed
HCL LOGISTICS
NACE 52.230, Warehousing and support activities for transportation
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€86,628
2025 · -€26,067+€112,695
Equity
€119,694
2025 · €33,066+€86,628
Cash
€87,720
2025 · €85,985+€1,735
Balance sheet total
€1.8m
2025 · €1.7m+€150,647
Largest movements
Assets
- Receivables within one year +€137,394
up €137,394 (+8.9%), from €1.5m to €1.7m
of which Trade receivables: +€90,623
- Deferred charges and accrued income +€21,584
up €21,584 (+176%), from €12,294 to €33,878
Equity and liabilities
- Profit (loss) carried forward +€86,628
up €86,628 (+21.3%), from -€406,934 to -€320,306
- Tax, wage and social debts +€61,844
up €61,844 (+44.6%), from €138,659 to €200,503
of which Taxes: +€65,130
Income statement
- Turnover +€102,779
up €102,779 (+1.3%), from €7.9m to €8.0m
From the 2025 result to the 2026 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.
Result 2025
-€26,067
Turnover
+€102,779
Other operating income
+€74,178
Goods and materials
+€65,682
Services and other goods
-€27,760
Staff costs
-€23,943
Depreciation
-€573
Write-downs
+€15,968
Other operating charges
-€36,326
Financial income
+€1,286
Financial charges
+€10,502
Taxes
-€69,097
Result 2026
€86,628
raises the resultlowers the result
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€1,649
Investment
-€920
Financing
+€4,304
Cash 2025
€85,985
From operations (derived)
-€1,649
Net result for the year
+€86,628
Depreciation
+€10,986
Receivables within one year
-€137,394
Deferred charges and accrued income
-€21,584
Trade debts
-€16,798
Tax, wage and social debts
+€61,844
Accrued charges and deferred income
+€14,669
Investment (derived)
-€920
Investment in fixed assets (net)
-€920
Financing
+€4,304
Short-term financial debts
+€4,304
Cash 2026
€87,720
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,681,440 | €1,832,087 | +€150,647 | +9.0% |
| Fixed assets | 21/28 | €40,701 | €30,634 | -€10,066 | -24.7% |
| Intangible fixed assets | 21 | €23,386 | €14,343 | -€9,042 | -38.7% |
| Tangible fixed assets | 22/27 | €5,097 | €4,072 | -€1,024 | -20.1% |
| Furniture and vehicles | 24 | €5,097 | €4,072 | -€1,024 | -20.1% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €12,218 | €12,218 | = | 0.0% |
| Other financial fixed assets | 284/8 | €12,218 | €12,218 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €12,218 | €12,218 | = | 0.0% |
| Current assets | 29/58 | €1,640,740 | €1,801,453 | +€160,713 | +9.8% |
| Amounts receivable within one year | 40/41 | €1,542,461 | €1,679,855 | +€137,394 | +8.9% |
| Trade receivables | 40 | €1,392,602 | €1,483,225 | +€90,623 | +6.5% |
| Other amounts receivable | 41 | €149,859 | €196,630 | +€46,772 | +31.2% |
| Cash at bank and in hand | 54/58 | €85,985 | €87,720 | +€1,735 | +2.0% |
| Deferred charges and accrued income | 490/1 | €12,294 | €33,878 | +€21,584 | +176% |
| Total equity and liabilities | 10/49 | €1,681,440 | €1,832,087 | +€150,647 | +9.0% |
| Equity | 10/15 | €33,066 | €119,694 | +€86,628 | +262% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Capital | 10 | €400,000 | €400,000 | = | 0.0% |
| Issued capital | 100 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €40,000 | €40,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €40,000 | €40,000 | = | 0.0% |
| Legal reserve | 130 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€406,934 | -€320,306 | +€86,628 | +21.3% |
| Amounts payable | 17/49 | €1,648,374 | €1,712,393 | +€64,019 | +3.9% |
| Amounts payable after more than one year | 17 | €47,555 | €47,555 | = | 0.0% |
| Other amounts payable | 178/9 | €47,555 | €47,555 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,473,148 | €1,522,498 | +€49,350 | +3.3% |
| Financial debts | 43 | - | €4,304 | +€4,304 | |
| Credit institutions | 430/8 | - | €4,304 | +€4,304 | |
| Trade debts | 44 | €1,174,696 | €1,157,898 | -€16,798 | -1.4% |
| Suppliers | 440/4 | €1,174,696 | €1,157,898 | -€16,798 | -1.4% |
| Taxes, remuneration and social security | 45 | €138,659 | €200,503 | +€61,844 | +44.6% |
| Taxes | 450/3 | €11,570 | €76,700 | +€65,130 | +563% |
| Remuneration and social security | 454/9 | €127,089 | €123,803 | -€3,286 | -2.6% |
| Other amounts payable | 47/48 | €159,793 | €159,793 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €127,671 | €142,340 | +€14,669 | +11.5% |
| Operating income | 70/76A | €8,094,740 | €8,271,697 | +€176,957 | +2.2% |
| Turnover | 70 | €7,917,332 | €8,020,111 | +€102,779 | +1.3% |
| Other operating income | 74 | €177,408 | €251,586 | +€74,178 | +41.8% |
| Operating charges | 60/66A | €8,082,194 | €8,089,147 | +€6,953 | +0.1% |
| Goods for resale, raw materials and consumables | 60 | €6,914,484 | €6,848,802 | -€65,682 | -0.9% |
| Purchases | 600/8 | €6,914,484 | €6,848,802 | -€65,682 | -0.9% |
| Services and other goods | 61 | €375,599 | €403,359 | +€27,760 | +7.4% |
| Remuneration, social security and pensions | 62 | €711,777 | €735,720 | +€23,943 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,413 | €10,986 | +€573 | +5.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €45,507 | €29,540 | -€15,968 | -35.1% |
| Other operating charges | 640/8 | €24,414 | €60,739 | +€36,326 | +149% |
| Operating profit (loss) | 9901 | €12,546 | €182,550 | +€170,004 | +1,355% |
| Financial income | 75/76B | €2,664 | €3,950 | +€1,286 | +48.3% |
| Recurring financial income | 75 | €2,664 | €3,950 | +€1,286 | +48.3% |
| Other financial income | 752/9 | €2,664 | €3,950 | +€1,286 | +48.3% |
| Financial charges | 65/66B | €38,362 | €27,860 | -€10,502 | -27.4% |
| Recurring financial charges | 65 | €38,362 | €27,860 | -€10,502 | -27.4% |
| Debt charges | 650 | €14,072 | €9,708 | -€4,365 | -31.0% |
| Other financial charges | 652/9 | €24,290 | €18,152 | -€6,138 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | -€23,152 | €158,640 | +€181,792 | |
| Income taxes | 67/77 | €2,915 | €72,012 | +€69,097 | +2,371% |
| Taxes | 670/3 | €3,749 | €72,012 | +€68,263 | +1,821% |
| Tax adjustments and reversals of tax provisions | 77 | €834 | - | -€834 | |
| Profit (loss) for the period | 9904 | -€26,067 | €86,628 | +€112,695 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,067 | €86,628 | +€112,695 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.