INTERNATIONAL FREIGHT FORWARDING SERVICES: 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.
INTERNATIONAL FREIGHT FORWARDING SERVICES
Largest movements
- Receivables within one year +€214,687
up €214,687 (+17.8%), from €1.2m to €1.4m
of which Trade receivables: +€385,845
- Deferred charges and accrued income -€16,548
down €16,548 (-84.7%), from €19,543 to €2,995
- Other debts +€456,541
up €456,541 (+250%), from €182,457 to €638,998
- Trade debts -€148,531
down €148,531 (-30.7%), from €484,509 to €335,977
- Provisions -€148,048
down €148,048 (-76.2%), from €194,180 to €46,132
- Reserves +€20,087
up €20,087 (+7.6%), from €264,119 to €284,206
of which Distributable reserves: +€20,087
- Tax, wage and social debts +€15,675
up €15,675 (+21.2%), from €74,066 to €89,741
of which Remuneration and social security: +€15,105
- Gross operating margin +€83,869
up €83,869 (+13.0%), from €646,599 to €730,468
- Other operating charges +€72,433
up €72,433 (+1,569%), from €4,616 to €77,049
- Staff costs +€68,259
up €68,259 (+9.5%), from €719,362 to €787,621
- Write-downs -€42,303
down €42,303, from €39,634 to -€2,669
- Financial income +€28,017
up €28,017 (+2,012%), from €1,393 to €29,410
of which Non-recurring financial income: +€28,230
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 | €1,241,046 | €1,426,055 | +€185,008 | +14.9% |
| Fixed assets | 21/28 | €12,500 | - | -€12,500 | |
| Financial fixed assets | 28 | €12,500 | - | -€12,500 | |
| Current assets | 29/58 | €1,228,546 | €1,426,055 | +€197,508 | +16.1% |
| Amounts receivable within one year | 40/41 | €1,207,832 | €1,422,518 | +€214,687 | +17.8% |
| Trade receivables | 40 | €982,286 | €1,368,131 | +€385,845 | +39.3% |
| Other amounts receivable | 41 | €225,546 | €54,387 | -€171,158 | -75.9% |
| Cash at bank and in hand | 54/58 | €1,172 | €541 | -€631 | -53.8% |
| Deferred charges and accrued income | 490/1 | €19,543 | €2,995 | -€16,548 | -84.7% |
| Total equity and liabilities | 10/49 | €1,241,046 | €1,426,055 | +€185,008 | +14.9% |
| Equity | 10/15 | €295,119 | €315,206 | +€20,087 | +6.8% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €264,119 | €284,206 | +€20,087 | +7.6% |
| Non-distributable reserves | 130/1 | €3,100 | €3,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,100 | €3,100 | = | 0.0% |
| Distributable reserves | 133 | €261,019 | €281,106 | +€20,087 | +7.7% |
| Provisions and deferred taxes | 16 | €194,180 | €46,132 | -€148,048 | -76.2% |
| Provisions for liabilities and charges | 160/5 | €194,180 | €46,132 | -€148,048 | -76.2% |
| Other liabilities and charges | 164/5 | €194,180 | €46,132 | -€148,048 | -76.2% |
| Amounts payable | 17/49 | €751,747 | €1,064,716 | +€312,969 | +41.6% |
| Amounts payable within one year | 42/48 | €741,031 | €1,064,716 | +€323,685 | +43.7% |
| Trade debts | 44 | €484,509 | €335,977 | -€148,531 | -30.7% |
| Suppliers | 440/4 | €484,509 | €335,977 | -€148,531 | -30.7% |
| Taxes, remuneration and social security | 45 | €74,066 | €89,741 | +€15,675 | +21.2% |
| Taxes | 450/3 | - | €570 | +€570 | |
| Remuneration and social security | 454/9 | €74,066 | €89,171 | +€15,105 | +20.4% |
| Other amounts payable | 47/48 | €182,457 | €638,998 | +€456,541 | +250% |
| Accrued charges and deferred income | 492/3 | €10,716 | - | -€10,716 | |
| Non-recurring operating income | 76A | - | €54,233 | +€54,233 | |
| Remuneration, social security and pensions | 62 | €719,362 | €787,621 | +€68,259 | +9.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €39,634 | -€2,669 | -€42,303 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€124,820 | -€148,048 | -€23,228 | -18.6% |
| Other operating charges | 640/8 | €4,616 | €77,049 | +€72,433 | +1,569% |
| Non-recurring operating charges | 66A | €3,600 | €2,501 | -€1,099 | -30.5% |
| Gross operating margin | 9900 | €646,599 | €730,468 | +€83,869 | +13.0% |
| Operating profit (loss) | 9901 | €4,208 | €14,014 | +€9,806 | +233% |
| Financial income | 75/76B | €1,393 | €29,410 | +€28,017 | +2,012% |
| Recurring financial income | 75 | €1,393 | €1,180 | -€213 | -15.3% |
| Non-recurring financial income | 76B | - | €28,230 | +€28,230 | |
| Financial charges | 65/66B | €15,303 | €22,774 | +€7,471 | +48.8% |
| Recurring financial charges | 65 | €15,303 | €22,774 | +€7,471 | +48.8% |
| Profit (loss) for the period before taxes | 9903 | -€9,703 | €20,649 | +€30,352 | |
| Income taxes | 67/77 | €6,436 | €562 | -€5,874 | -91.3% |
| Profit (loss) for the period | 9904 | -€16,138 | €20,087 | +€36,226 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,138 | €20,087 | +€36,226 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.