INTERLOGISTICS: 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.
INTERLOGISTICS
Largest movements
- Receivables within one year -€1.4m
down €1.4m (-50.2%), from €2.8m to €1.4m
of which Other amounts receivable: -€1.7m
- Tangible fixed assets -€182,720
down €182,720 (-3.1%), from €5.9m to €5.7m
of which Land and buildings: -€203,130
- Cash -€115,407
down €115,407 (-87.2%), from €132,372 to €16,965
mainly Net result for the year (-€1.3m) and Debts after one year (-€1.2m)
- Short-term financial debts +€1.8m
up €1.8m (+444.5%), from €398,783 to €2.2m
- Profit (loss) carried forward -€1.3m
down €1.3m, from €262,889 to -€1.0m
- Debts after one year -€1.2m
no longer reported in 2025 (was €1.2m)
- Tax, wage and social debts -€444,499
down €444,499 (-46.7%), from €950,926 to €506,427
of which Taxes: -€231,567
- Current portion of long-term debt -€294,528
no longer reported in 2025 (was €294,528)
- Financial charges +€2.7m
up €2.7m (+2243.2%), from €119,452 to €2.8m
of which Non-recurring financial charges: +€2.7m
- Gross operating margin +€998,944
up €998,944 (+38.0%), from €2.6m to €3.6m
- Staff costs +€167,748
up €167,748 (+11.1%), from €1.5m to €1.7m
- Taxes -€162,771
no longer reported in 2025 (was €162,771)
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 | €8,893,227 | €7,200,574 | -€1.7m | -19.0% |
| Fixed assets | 21/28 | €5,913,835 | €5,731,115 | -€182,720 | -3.1% |
| Tangible fixed assets | 22/27 | €5,863,335 | €5,680,615 | -€182,720 | -3.1% |
| Land and buildings | 22 | €5,664,263 | €5,461,134 | -€203,130 | -3.6% |
| Plant, machinery and equipment | 23 | €194,737 | €193,134 | -€1,602 | -0.8% |
| Furniture and vehicles | 24 | €4,335 | €0 | -€4,335 | -100.0% |
| Other tangible fixed assets | 26 | - | €26,348 | +€26,348 | |
| Financial fixed assets | 28 | €50,500 | €50,500 | = | 0.0% |
| Current assets | 29/58 | €2,979,391 | €1,469,458 | -€1.5m | -50.7% |
| Amounts receivable within one year | 40/41 | €2,770,285 | €1,379,926 | -€1.4m | -50.2% |
| Trade receivables | 40 | €1,023,530 | €1,369,465 | +€345,934 | +33.8% |
| Other amounts receivable | 41 | €1,746,755 | €10,461 | -€1.7m | -99.4% |
| Cash at bank and in hand | 54/58 | €132,372 | €16,965 | -€115,407 | -87.2% |
| Deferred charges and accrued income | 490/1 | €76,734 | €72,567 | -€4,167 | -5.4% |
| Total equity and liabilities | 10/49 | €8,893,227 | €7,200,574 | -€1.7m | -19.0% |
| Equity | 10/15 | €4,997,360 | €3,681,821 | -€1.3m | -26.3% |
| Contributions | 10/11 | €4,250,000 | €4,250,000 | = | 0.0% |
| Capital | 10 | €4,250,000 | €4,250,000 | = | 0.0% |
| Issued capital | 100 | €4,250,000 | €4,250,000 | = | 0.0% |
| Revaluation surpluses | 12 | €31,534 | €31,534 | = | 0.0% |
| Reserves | 13 | €245,397 | €245,397 | = | 0.0% |
| Non-distributable reserves | 130/1 | €24,800 | €24,800 | = | 0.0% |
| Legal reserve | 130 | €24,800 | €24,800 | = | 0.0% |
| Distributable reserves | 133 | €220,597 | €220,597 | = | 0.0% |
| Profit (loss) carried forward | 14 | €262,889 | -€1,013,861 | -€1.3m | |
| Investment grants | 15 | €207,540 | €168,750 | -€38,790 | -18.7% |
| Amounts payable | 17/49 | €3,895,866 | €3,518,753 | -€377,114 | -9.7% |
| Amounts payable after more than one year | 17 | €1,150,000 | - | -€1.2m | |
| Financial debts | 170/4 | €1,150,000 | - | -€1.2m | |
| Amounts payable within one year | 42/48 | €2,683,511 | €3,489,619 | +€806,107 | +30.0% |
| Current portion of amounts payable after more than one year | 42 | €294,528 | - | -€294,528 | |
| Financial debts | 43 | €398,783 | €2,171,448 | +€1.8m | +444.5% |
| Credit institutions | 430/8 | €398,783 | €2,171,448 | +€1.8m | +444.5% |
| Trade debts | 44 | €1,039,275 | €788,496 | -€250,779 | -24.1% |
| Suppliers | 440/4 | €1,039,275 | €788,496 | -€250,779 | -24.1% |
| Advances received on contracts in progress | 46 | - | €23,247 | +€23,247 | |
| Taxes, remuneration and social security | 45 | €950,926 | €506,427 | -€444,499 | -46.7% |
| Taxes | 450/3 | €416,007 | €184,440 | -€231,567 | -55.7% |
| Remuneration and social security | 454/9 | €534,919 | €321,987 | -€212,932 | -39.8% |
| Accrued charges and deferred income | 492/3 | €62,355 | €29,134 | -€33,221 | -53.3% |
| Non-recurring operating income | 76A | - | €2,386 | +€2,386 | |
| Remuneration, social security and pensions | 62 | €1,509,144 | €1,676,892 | +€167,748 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €243,384 | €259,718 | +€16,334 | +6.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,138 | - | +€1,138 | |
| Other operating charges | 640/8 | €195,810 | €208,673 | +€12,863 | +6.6% |
| Gross operating margin | 9900 | €2,629,808 | €3,628,752 | +€998,944 | +38.0% |
| Operating profit (loss) | 9901 | €682,608 | €1,483,469 | +€800,861 | +117.3% |
| Financial income | 75/76B | €40,033 | €38,790 | -€1,243 | -3.1% |
| Recurring financial income | 75 | €40,033 | €38,790 | -€1,243 | -3.1% |
| Financial charges | 65/66B | €119,452 | €2,799,008 | +€2.7m | +2243.2% |
| Recurring financial charges | 65 | €119,452 | €82,109 | -€37,343 | -31.3% |
| Non-recurring financial charges | 66B | - | €2,716,899 | +€2.7m | |
| Profit (loss) for the period before taxes | 9903 | €603,189 | -€1,276,749 | -€1.9m | |
| Income taxes | 67/77 | €162,771 | - | -€162,771 | |
| Profit (loss) for the period | 9904 | €440,418 | -€1,276,749 | -€1.7m | |
| Profit (loss) for the period to be appropriated | 9905 | €440,418 | -€1,276,749 | -€1.7m |
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 7 October 2026 via checked.be.