HZ LOGISTIC: 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.
HZ LOGISTIC
Largest movements
- Tangible fixed assets +€12,000
new in 2025: €12,000
- Receivables within one year +€3,230
up €3,230 (+29.5%), from €10,936 to €14,166
- Trade debts +€18,616
new in 2025: €18,616
- Profit (loss) carried forward -€3,386
down €3,386 (-318.3%), from -€1,064 to -€4,450
- Depreciation +€1,936
up €1,936 (+182.0%), from €1,064 to €3,000
- Gross operating margin -€386
new in 2025: -€386
- Purchases and services +€386
new in 2025: €386
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
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 | €10,936 | €26,166 | +€15,230 | +139.3% |
| Fixed assets | 21/28 | - | €12,000 | +€12,000 | |
| Tangible fixed assets | 22/27 | - | €12,000 | +€12,000 | |
| Furniture and vehicles | 24 | - | €12,000 | +€12,000 | |
| Current assets | 29/58 | €10,936 | €14,166 | +€3,230 | +29.5% |
| Amounts receivable within one year | 40/41 | €10,936 | €14,166 | +€3,230 | +29.5% |
| Other amounts receivable | 41 | €10,936 | €14,166 | +€3,230 | +29.5% |
| Total equity and liabilities | 10/49 | €10,936 | €26,166 | +€15,230 | +139.3% |
| Equity | 10/15 | €10,936 | €7,550 | -€3,386 | -31.0% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Capital | 10 | €12,000 | €12,000 | = | 0.0% |
| Issued capital | 100 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,064 | -€4,450 | -€3,386 | -318.3% |
| Amounts payable | 17/49 | - | €18,616 | +€18,616 | |
| Amounts payable within one year | 42/48 | - | €18,616 | +€18,616 | |
| Trade debts | 44 | - | €18,616 | +€18,616 | |
| Suppliers | 440/4 | - | €18,616 | +€18,616 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €386 | +€386 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,064 | €3,000 | +€1,936 | +182.0% |
| Gross operating margin | 9900 | - | -€386 | -€386 | |
| Operating profit (loss) | 9901 | -€1,064 | -€3,386 | -€2,322 | -218.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,064 | -€3,386 | -€2,322 | -218.3% |
| Profit (loss) for the period | 9904 | -€1,064 | -€3,386 | -€2,322 | -218.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,064 | -€3,386 | -€2,322 | -218.3% |
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 3 October 2026 via checked.be.