INTERNATIONAL LOGISTIC 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 LOGISTIC SERVICES
Largest movements
- Cash +€297,687
up €297,687 (+50.0%), from €595,296 to €892,983
mainly Net result for the year (+€363,038) and Depreciation (+€170,099)
- Tangible fixed assets -€131,788
down €131,788 (-9.3%), from €1.4m to €1.3m
of which Land and buildings: -€88,671
- Reserves +€213,038
up €213,038 (+13.1%), from €1.6m to €1.8m
of which Distributable reserves: +€213,038
- Debts after one year -€137,103
down €137,103 (-31.8%), from €430,764 to €293,662
- Staff costs -€109,641
down €109,641 (-17.3%), from €635,475 to €525,834
- Gross operating margin +€54,034
up €54,034 (+4.4%), from €1.2m to €1.3m
- Taxes +€49,984
up €49,984 (+64.0%), from €78,140 to €128,124
- Financial charges -€24,840
down €24,840 (-51.4%), from €48,285 to €23,445
- Other operating charges -€12,954
down €12,954 (-15.4%), from €83,934 to €70,981
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 | €9,349,198 | €9,428,919 | +€79,721 | +0.9% |
| Fixed assets | 21/28 | €1,451,137 | €1,346,503 | -€104,633 | -7.2% |
| Intangible fixed assets | 21 | €22,327 | €49,481 | +€27,155 | +122% |
| Tangible fixed assets | 22/27 | €1,418,310 | €1,286,522 | -€131,788 | -9.3% |
| Land and buildings | 22 | €1,184,259 | €1,095,588 | -€88,671 | -7.5% |
| Plant, machinery and equipment | 23 | €221,875 | €187,330 | -€34,545 | -15.6% |
| Furniture and vehicles | 24 | €1,896 | €1,109 | -€787 | -41.5% |
| Leasing and similar rights | 25 | €10,279 | €2,495 | -€7,784 | -75.7% |
| Financial fixed assets | 28 | €10,500 | €10,500 | = | 0.0% |
| Current assets | 29/58 | €7,898,061 | €8,082,416 | +€184,354 | +2.3% |
| Amounts receivable within one year | 40/41 | €7,238,685 | €7,168,162 | -€70,523 | -1.0% |
| Trade receivables | 40 | €564,929 | €472,297 | -€92,631 | -16.4% |
| Other amounts receivable | 41 | €6,673,756 | €6,695,865 | +€22,108 | +0.3% |
| Cash at bank and in hand | 54/58 | €595,296 | €892,983 | +€297,687 | +50.0% |
| Deferred charges and accrued income | 490/1 | €64,081 | €21,271 | -€42,810 | -66.8% |
| Total equity and liabilities | 10/49 | €9,349,198 | €9,428,919 | +€79,721 | +0.9% |
| Equity | 10/15 | €1,661,123 | €1,874,161 | +€213,038 | +12.8% |
| Contributions | 10/11 | €31,100 | €31,100 | = | 0.0% |
| Reserves | 13 | €1,630,023 | €1,843,061 | +€213,038 | +13.1% |
| Non-distributable reserves | 130/1 | €3,110 | €3,110 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,110 | €3,110 | = | 0.0% |
| Distributable reserves | 133 | €1,626,913 | €1,839,951 | +€213,038 | +13.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €7,688,075 | €7,554,758 | -€133,317 | -1.7% |
| Amounts payable after more than one year | 17 | €430,764 | €293,662 | -€137,103 | -31.8% |
| Financial debts | 170/4 | €430,764 | €293,662 | -€137,103 | -31.8% |
| Amounts payable within one year | 42/48 | €7,120,359 | €7,163,097 | +€42,737 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €139,027 | €137,103 | -€1,924 | -1.4% |
| Trade debts | 44 | €313,970 | €278,983 | -€34,987 | -11.1% |
| Suppliers | 440/4 | €313,970 | €278,983 | -€34,987 | -11.1% |
| Taxes, remuneration and social security | 45 | €6,567,363 | €6,597,011 | +€29,648 | +0.5% |
| Taxes | 450/3 | €6,513,598 | €6,537,035 | +€23,437 | +0.4% |
| Remuneration and social security | 454/9 | €53,764 | €59,975 | +€6,211 | +11.6% |
| Other amounts payable | 47/48 | €100,000 | €150,000 | +€50,000 | +50.0% |
| Accrued charges and deferred income | 492/3 | €136,951 | €98,000 | -€38,951 | -28.4% |
| Non-recurring operating income | 76A | €950 | €0 | -€950 | -100% |
| Remuneration, social security and pensions | 62 | €635,475 | €525,834 | -€109,641 | -17.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €164,638 | €170,099 | +€5,461 | +3.3% |
| Other operating charges | 640/8 | €83,934 | €70,981 | -€12,954 | -15.4% |
| Gross operating margin | 9900 | €1,227,442 | €1,281,476 | +€54,034 | +4.4% |
| Operating profit (loss) | 9901 | €343,396 | €514,563 | +€171,167 | +49.8% |
| Financial income | 75/76B | €17 | €43 | +€26 | +149% |
| Recurring financial income | 75 | €17 | €43 | +€26 | +149% |
| Financial charges | 65/66B | €48,285 | €23,445 | -€24,840 | -51.4% |
| Recurring financial charges | 65 | €48,285 | €23,445 | -€24,840 | -51.4% |
| Profit (loss) for the period before taxes | 9903 | €295,128 | €491,161 | +€196,033 | +66.4% |
| Income taxes | 67/77 | €78,140 | €128,124 | +€49,984 | +64.0% |
| Profit (loss) for the period | 9904 | €216,988 | €363,038 | +€146,050 | +67.3% |
| Profit (loss) for the period to be appropriated | 9905 | €216,988 | €363,038 | +€146,050 | +67.3% |
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 28 October 2026 via checked.be.