INTERNATIONAL LOGISTICS SOLUTIONS: 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 LOGISTICS SOLUTIONS
Largest movements
- Tangible fixed assets +€125,249
up €125,249 (+54,054%), from €232 to €125,481
of which Leasing and similar rights: +€125,481
- Receivables within one year +€46,243
up €46,243 (+51.5%), from €89,838 to €136,081
of which Trade receivables: +€46,094
- Receivables after one year +€10,559
up €10,559 (+13.0%), from €81,403 to €91,962
- Debts after one year +€91,279
new in 2025: €91,279
- Reserves +€49,912
up €49,912 (+41.6%), from €120,044 to €169,956
- Trade debts +€18,742
up €18,742 (+301%), from €6,220 to €24,962
- Current portion of long-term debt +€15,849
new in 2025: €15,849
- Tax, wage and social debts +€4,346
up €4,346 (+9.5%), from €45,660 to €50,006
of which Taxes: +€2,532
- Gross operating margin -€12,854
down €12,854 (-11.4%), from €113,131 to €100,277
- Financial charges -€3,129
down €3,129 (-47.5%), from €6,588 to €3,459
- Taxes -€2,230
down €2,230 (-9.2%), from €24,284 to €22,054
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 | €191,629 | €372,057 | +€180,428 | +94.2% |
| Fixed assets | 21/28 | €232 | €125,481 | +€125,249 | +54,054% |
| Tangible fixed assets | 22/27 | €232 | €125,481 | +€125,249 | +54,054% |
| Plant, machinery and equipment | 23 | €232 | - | -€232 | |
| Leasing and similar rights | 25 | - | €125,481 | +€125,481 | |
| Current assets | 29/58 | €191,398 | €246,577 | +€55,179 | +28.8% |
| Amounts receivable after more than one year | 29 | €81,403 | €91,962 | +€10,559 | +13.0% |
| Other amounts receivable | 291 | €81,403 | €91,962 | +€10,559 | +13.0% |
| Amounts receivable within one year | 40/41 | €89,838 | €136,081 | +€46,243 | +51.5% |
| Trade receivables | 40 | €88,304 | €134,398 | +€46,094 | +52.2% |
| Other amounts receivable | 41 | €1,534 | €1,683 | +€150 | +9.8% |
| Cash at bank and in hand | 54/58 | €18,358 | €17,801 | -€557 | -3.0% |
| Deferred charges and accrued income | 490/1 | €1,799 | €732 | -€1,067 | -59.3% |
| Total equity and liabilities | 10/49 | €191,629 | €372,057 | +€180,428 | +94.2% |
| Equity | 10/15 | €138,644 | €188,556 | +€49,912 | +36.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €120,044 | €169,956 | +€49,912 | +41.6% |
| Distributable reserves | 133 | €120,044 | €169,956 | +€49,912 | +41.6% |
| Amounts payable | 17/49 | €52,985 | €183,501 | +€130,516 | +246% |
| Amounts payable after more than one year | 17 | - | €91,279 | +€91,279 | |
| Financial debts | 170/4 | - | €91,279 | +€91,279 | |
| Amounts payable within one year | 42/48 | €52,985 | €92,222 | +€39,237 | +74.1% |
| Current portion of amounts payable after more than one year | 42 | - | €15,849 | +€15,849 | |
| Trade debts | 44 | €6,220 | €24,962 | +€18,742 | +301% |
| Suppliers | 440/4 | €6,220 | €24,962 | +€18,742 | +301% |
| Taxes, remuneration and social security | 45 | €45,660 | €50,006 | +€4,346 | +9.5% |
| Taxes | 450/3 | €41,824 | €44,356 | +€2,532 | +6.1% |
| Remuneration and social security | 454/9 | €3,836 | €5,650 | +€1,814 | +47.3% |
| Other amounts payable | 47/48 | €1,106 | €1,406 | +€300 | +27.1% |
| Remuneration, social security and pensions | 62 | €21,626 | €21,228 | -€398 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €672 | €784 | +€112 | +16.7% |
| Other operating charges | 640/8 | €3,151 | €2,851 | -€300 | -9.5% |
| Gross operating margin | 9900 | €113,131 | €100,277 | -€12,854 | -11.4% |
| Operating profit (loss) | 9901 | €87,682 | €75,414 | -€12,268 | -14.0% |
| Financial income | 75/76B | €71 | €11 | -€60 | -84.3% |
| Recurring financial income | 75 | €71 | €11 | -€60 | -84.3% |
| Financial charges | 65/66B | €6,588 | €3,459 | -€3,129 | -47.5% |
| Recurring financial charges | 65 | €6,588 | €3,459 | -€3,129 | -47.5% |
| Profit (loss) for the period before taxes | 9903 | €81,166 | €71,966 | -€9,200 | -11.3% |
| Income taxes | 67/77 | €24,284 | €22,054 | -€2,230 | -9.2% |
| Profit (loss) for the period | 9904 | €56,882 | €49,912 | -€6,970 | -12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €56,882 | €49,912 | -€6,970 | -12.3% |
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 31 October 2026 via checked.be.