IF 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.
IF LOGISTICS
Largest movements
- Cash -€17,046
down €17,046 (-65.8%), from €25,924 to €8,878
mainly Net result for the year (-€34,373) and Other debts (-€8,151)
- Receivables within one year -€14,541
down €14,541 (-91.2%), from €15,937 to €1,396
- Profit (loss) carried forward -€34,373
down €34,373, from €4,837 to -€29,536
- Other debts -€8,151
down €8,151 (-99.4%), from €8,200 to €49
- Trade debts +€4,839
up €4,839 (+122.2%), from €3,960 to €8,800
- Advances received +€3,000
new in 2024: €3,000
- Tax, wage and social debts +€2,737
up €2,737 (+18.0%), from €15,229 to €17,966
of which Remuneration and social security: +€4,106
- Gross operating margin -€36,706
down €36,706 (-60.2%), from €60,954 to €24,248
- Staff costs -€9,134
down €9,134 (-16.7%), from €54,720 to €45,586
- Taxes +€2,012
new in 2024: €2,012
- Financial charges +€1,621
up €1,621 (+78.4%), from €2,067 to €3,688
- Other operating charges -€1,295
down €1,295 (-15.5%), from €8,341 to €7,046
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €52,226 | €20,279 | -€31,947 | -61.2% |
| Fixed assets | 21/28 | €10,365 | €10,005 | -€359 | -3.5% |
| Tangible fixed assets | 22/27 | €1,365 | €1,005 | -€359 | -26.3% |
| Plant, machinery and equipment | 23 | €474 | €1,005 | +€532 | +112.3% |
| Furniture and vehicles | 24 | €891 | - | -€891 | |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €41,861 | €10,274 | -€31,588 | -75.5% |
| Amounts receivable within one year | 40/41 | €15,937 | €1,396 | -€14,541 | -91.2% |
| Trade receivables | 40 | €15,937 | €1,396 | -€14,541 | -91.2% |
| Cash at bank and in hand | 54/58 | €25,924 | €8,878 | -€17,046 | -65.8% |
| Total equity and liabilities | 10/49 | €52,226 | €20,279 | -€31,947 | -61.2% |
| Equity | 10/15 | €24,837 | -€9,536 | -€34,373 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Outside capital | 11 | €20,000 | €20,000 | = | 0.0% |
| Other | 1109/19 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,837 | -€29,536 | -€34,373 | |
| Amounts payable | 17/49 | €27,389 | €29,815 | +€2,426 | +8.9% |
| Amounts payable within one year | 42/48 | €27,389 | €29,815 | +€2,426 | +8.9% |
| Trade debts | 44 | €3,960 | €8,800 | +€4,839 | +122.2% |
| Suppliers | 440/4 | €3,960 | €8,800 | +€4,839 | +122.2% |
| Advances received on contracts in progress | 46 | - | €3,000 | +€3,000 | |
| Taxes, remuneration and social security | 45 | €15,229 | €17,966 | +€2,737 | +18.0% |
| Taxes | 450/3 | €3,322 | €1,954 | -€1,368 | -41.2% |
| Remuneration and social security | 454/9 | €11,906 | €16,012 | +€4,106 | +34.5% |
| Other amounts payable | 47/48 | €8,200 | €49 | -€8,151 | -99.4% |
| Remuneration, social security and pensions | 62 | €54,720 | €45,586 | -€9,134 | -16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €432 | €376 | -€56 | -13.0% |
| Other operating charges | 640/8 | €8,341 | €7,046 | -€1,295 | -15.5% |
| Gross operating margin | 9900 | €60,954 | €24,248 | -€36,706 | -60.2% |
| Operating profit (loss) | 9901 | -€2,539 | -€28,759 | -€26,220 | -1032.6% |
| Financial income | 75/76B | €20 | €86 | +€66 | +333.8% |
| Recurring financial income | 75 | €20 | €86 | +€66 | +333.8% |
| Financial charges | 65/66B | €2,067 | €3,688 | +€1,621 | +78.4% |
| Recurring financial charges | 65 | €2,067 | €3,688 | +€1,621 | +78.4% |
| Profit (loss) for the period before taxes | 9903 | -€4,586 | -€32,361 | -€27,775 | -605.6% |
| Income taxes | 67/77 | - | €2,012 | +€2,012 | |
| Profit (loss) for the period | 9904 | -€4,586 | -€34,373 | -€29,787 | -649.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,586 | -€34,373 | -€29,787 | -649.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.