HS 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.
HS LOGISTICS
Largest movements
- Receivables within one year -€39,554
down €39,554 (-6.7%), from €591,512 to €551,958
of which Other amounts receivable: -€25,487
- Cash -€12,257
down €12,257 (-95.7%), from €12,804 to €547
mainly Other debts (-€55,547) and Trade debts (-€29,828)
- Other debts -€55,547
down €55,547 (-14.9%), from €371,829 to €316,283
- Trade debts -€29,828
down €29,828 (-38.3%), from €77,978 to €48,150
- Tax, wage and social debts +€28,631
up €28,631 (+28.7%), from €99,921 to €128,552
of which Remuneration and social security: +€31,895
- Profit (loss) carried forward +€6,594
up €6,594 (+25.9%), from €25,486 to €32,080
- Turnover +€153,498
up €153,498 (+30.7%), from €500,492 to €653,990
- Purchases and services +€111,306
up €111,306 (+209.8%), from €53,060 to €164,366
- Staff costs +€71,051
up €71,051 (+17.0%), from €417,693 to €488,745
- Gross operating margin +€49,118
up €49,118 (+10.8%), from €453,199 to €502,317
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 | €606,236 | €553,633 | -€52,602 | -8.7% |
| Fixed assets | 21/28 | €289 | €289 | = | 0.0% |
| Financial fixed assets | 28 | €289 | €289 | = | 0.0% |
| Current assets | 29/58 | €605,947 | €553,345 | -€52,602 | -8.7% |
| Amounts receivable within one year | 40/41 | €591,512 | €551,958 | -€39,554 | -6.7% |
| Trade receivables | 40 | €564,001 | €549,933 | -€14,067 | -2.5% |
| Other amounts receivable | 41 | €27,511 | €2,024 | -€25,487 | -92.6% |
| Cash at bank and in hand | 54/58 | €12,804 | €547 | -€12,257 | -95.7% |
| Deferred charges and accrued income | 490/1 | €1,631 | €840 | -€791 | -48.5% |
| Total equity and liabilities | 10/49 | €606,236 | €553,633 | -€52,602 | -8.7% |
| Equity | 10/15 | €31,686 | €38,280 | +€6,594 | +20.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,486 | €32,080 | +€6,594 | +25.9% |
| Amounts payable | 17/49 | €574,550 | €515,353 | -€59,196 | -10.3% |
| Amounts payable within one year | 42/48 | €574,550 | €515,353 | -€59,196 | -10.3% |
| Financial debts | 43 | €24,821 | €22,368 | -€2,453 | -9.9% |
| Credit institutions | 430/8 | €24,821 | €22,368 | -€2,453 | -9.9% |
| Trade debts | 44 | €77,978 | €48,150 | -€29,828 | -38.3% |
| Suppliers | 440/4 | €77,978 | €48,150 | -€29,828 | -38.3% |
| Taxes, remuneration and social security | 45 | €99,921 | €128,552 | +€28,631 | +28.7% |
| Taxes | 450/3 | €11,491 | €8,227 | -€3,264 | -28.4% |
| Remuneration and social security | 454/9 | €88,431 | €120,325 | +€31,895 | +36.1% |
| Other amounts payable | 47/48 | €371,829 | €316,283 | -€55,547 | -14.9% |
| Turnover | 70 | €500,492 | €653,990 | +€153,498 | +30.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €53,060 | €164,366 | +€111,306 | +209.8% |
| Remuneration, social security and pensions | 62 | €417,693 | €488,745 | +€71,051 | +17.0% |
| Other operating charges | 640/8 | €599 | €613 | +€14 | +2.3% |
| Non-recurring operating charges | 66A | €5,891 | - | -€5,891 | |
| Gross operating margin | 9900 | €453,199 | €502,317 | +€49,118 | +10.8% |
| Operating profit (loss) | 9901 | €29,015 | €12,959 | -€16,056 | -55.3% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €2,483 | €1,702 | -€782 | -31.5% |
| Recurring financial charges | 65 | €2,483 | €1,702 | -€782 | -31.5% |
| Profit (loss) for the period before taxes | 9903 | €26,533 | €11,258 | -€15,276 | -57.6% |
| Income taxes | 67/77 | €8,212 | €4,664 | -€3,549 | -43.2% |
| Profit (loss) for the period | 9904 | €18,321 | €6,594 | -€11,727 | -64.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,321 | €6,594 | -€11,727 | -64.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.