HL LOGISTIK: 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.
HL LOGISTIK
Largest movements
- Receivables within one year +€681,874
up €681,874 (+130%), from €526,327 to €1.2m
of which Other amounts receivable: +€356,518
- Tangible fixed assets +€30,758
up €30,758 (+142%), from €21,601 to €52,359
of which Other tangible fixed assets: +€30,909
- Tax, wage and social debts +€348,321
up €348,321 (+244%), from €142,827 to €491,148
of which Taxes: +€353,935
- Trade debts +€188,620
up €188,620 (+228%), from €82,879 to €271,499
- Other debts +€184,000
up €184,000 (+1,639%), from €11,225 to €195,225
- Staff costs +€74,419
up €74,419 (+33.2%), from €223,923 to €298,342
- Taxes +€25,701
up €25,701 (+2,570%), from €1,000 to €26,701
- Other operating charges +€5,221
up €5,221 (+70.2%), from €7,441 to €12,663
- Depreciation +€3,476
up €3,476 (+38.1%), from €9,125 to €12,601
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.
Derived cash bridge
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 | €626,211 | €1,334,849 | +€708,639 | +113% |
| Formation expenses | 20 | €272 | €272 | = | 0.0% |
| Fixed assets | 21/28 | €21,601 | €52,359 | +€30,758 | +142% |
| Tangible fixed assets | 22/27 | €21,601 | €52,359 | +€30,758 | +142% |
| Furniture and vehicles | 24 | €21,601 | €21,450 | -€151 | -0.7% |
| Other tangible fixed assets | 26 | - | €30,909 | +€30,909 | |
| Current assets | 29/58 | €604,338 | €1,282,218 | +€677,881 | +112% |
| Stocks and contracts in progress | 3 | €449 | €449 | = | 0.0% |
| Stocks | 30/36 | €449 | €449 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €526,327 | €1,208,201 | +€681,874 | +130% |
| Trade receivables | 40 | €518,629 | €843,985 | +€325,356 | +62.7% |
| Other amounts receivable | 41 | €7,698 | €364,216 | +€356,518 | +4,631% |
| Cash at bank and in hand | 54/58 | €12,916 | €8,269 | -€4,647 | -36.0% |
| Deferred charges and accrued income | 490/1 | €64,646 | €65,300 | +€654 | +1.0% |
| Total equity and liabilities | 10/49 | €626,211 | €1,334,849 | +€708,639 | +113% |
| Equity | 10/15 | €346,406 | €334,104 | -€12,302 | -3.6% |
| Profit (loss) carried forward | 14 | €346,406 | €334,104 | -€12,302 | -3.6% |
| Amounts payable | 17/49 | €279,805 | €1,000,746 | +€720,941 | +258% |
| Amounts payable within one year | 42/48 | €279,805 | €1,000,746 | +€720,941 | +258% |
| Trade debts | 44 | €82,879 | €271,499 | +€188,620 | +228% |
| Suppliers | 440/4 | €82,879 | €271,499 | +€188,620 | +228% |
| Advances received on contracts in progress | 46 | €42,873 | €42,873 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €142,827 | €491,148 | +€348,321 | +244% |
| Taxes | 450/3 | €123,138 | €477,073 | +€353,935 | +287% |
| Remuneration and social security | 454/9 | €19,689 | €14,075 | -€5,614 | -28.5% |
| Other amounts payable | 47/48 | €11,225 | €195,225 | +€184,000 | +1,639% |
| Remuneration, social security and pensions | 62 | €223,923 | €298,342 | +€74,419 | +33.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,125 | €12,601 | +€3,476 | +38.1% |
| Other operating charges | 640/8 | €7,441 | €12,663 | +€5,221 | +70.2% |
| Gross operating margin | 9900 | €339,241 | €339,800 | +€559 | +0.2% |
| Operating profit (loss) | 9901 | €98,752 | €16,195 | -€82,557 | -83.6% |
| Financial income | 75/76B | €1,076 | - | -€1,076 | |
| Recurring financial income | 75 | €1,076 | - | -€1,076 | |
| Financial charges | 65/66B | €1,189 | €1,796 | +€607 | +51.0% |
| Recurring financial charges | 65 | €1,189 | €1,796 | +€607 | +51.0% |
| Profit (loss) for the period before taxes | 9903 | €98,638 | €14,399 | -€84,239 | -85.4% |
| Income taxes | 67/77 | €1,000 | €26,701 | +€25,701 | +2,570% |
| Profit (loss) for the period | 9904 | €97,638 | -€12,302 | -€109,941 | |
| Profit (loss) for the period to be appropriated | 9905 | €97,638 | -€12,302 | -€109,941 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.