L&D Logistics: 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.
L&D Logistics
Largest movements
- Cash -€327,438
down €327,438 (-81.1%), from €403,698 to €76,260
mainly Other debts (-€324,280) and Trade debts (-€238,991)
- Receivables within one year -€257,690
down €257,690 (-98.5%), from €261,700 to €4,010
of which Trade receivables: -€244,450
- Current investments +€10,000
new in 2025: €10,000
- Other debts -€324,280
down €324,280 (-91.7%), from €353,750 to €29,470
- Trade debts -€238,991
down €238,991 (-99.7%), from €239,678 to €687
- Profit (loss) carried forward -€22,750
new in 2025: -€22,750
- Gross operating margin -€289,444
down €289,444, from €273,995 to -€15,449
- Taxes -€67,621
no longer reported in 2025 (was €67,621)
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 | €696,428 | €113,565 | -€582,863 | -83.7% |
| Fixed assets | 21/28 | €27,000 | €23,000 | -€4,000 | -14.8% |
| Intangible fixed assets | 21 | €27,000 | €23,000 | -€4,000 | -14.8% |
| Current assets | 29/58 | €669,427 | €90,565 | -€578,863 | -86.5% |
| Amounts receivable within one year | 40/41 | €261,700 | €4,010 | -€257,690 | -98.5% |
| Trade receivables | 40 | €246,533 | €2,083 | -€244,450 | -99.2% |
| Other amounts receivable | 41 | €15,167 | €1,927 | -€13,240 | -87.3% |
| Current investments | 50/53 | - | €10,000 | +€10,000 | |
| Cash at bank and in hand | 54/58 | €403,698 | €76,260 | -€327,438 | -81.1% |
| Deferred charges and accrued income | 490/1 | €4,030 | €295 | -€3,735 | -92.7% |
| Total equity and liabilities | 10/49 | €696,428 | €113,565 | -€582,863 | -83.7% |
| Equity | 10/15 | €103,000 | €80,250 | -€22,750 | -22.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €100,000 | €100,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €10,000 | +€10,000 | |
| Own shares acquired | 1312 | - | €10,000 | +€10,000 | |
| Distributable reserves | 133 | €100,000 | €90,000 | -€10,000 | -10.0% |
| Profit (loss) carried forward | 14 | - | -€22,750 | -€22,750 | |
| Amounts payable | 17/49 | €593,428 | €33,315 | -€560,113 | -94.4% |
| Amounts payable within one year | 42/48 | €593,428 | €33,315 | -€560,113 | -94.4% |
| Trade debts | 44 | €239,678 | €687 | -€238,991 | -99.7% |
| Suppliers | 440/4 | €239,678 | €687 | -€238,991 | -99.7% |
| Advances received on contracts in progress | 46 | - | €3,158 | +€3,158 | |
| Other amounts payable | 47/48 | €353,750 | €29,470 | -€324,280 | -91.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,229 | €4,000 | -€229 | -5.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,930 | €2,751 | +€820 | +42.5% |
| Other operating charges | 640/8 | €276 | €210 | -€66 | -24.0% |
| Gross operating margin | 9900 | €273,995 | -€15,449 | -€289,444 | |
| Operating profit (loss) | 9901 | €267,559 | -€22,410 | -€289,969 | |
| Financial income | 75/76B | €4 | €0 | -€4 | -98.9% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -98.9% |
| Financial charges | 65/66B | €625 | €341 | -€285 | -45.5% |
| Recurring financial charges | 65 | €625 | €341 | -€285 | -45.5% |
| Profit (loss) for the period before taxes | 9903 | €266,938 | -€22,750 | -€289,688 | |
| Income taxes | 67/77 | €67,621 | - | -€67,621 | |
| Profit (loss) for the period | 9904 | €199,316 | -€22,750 | -€222,067 | |
| Profit (loss) for the period to be appropriated | 9905 | €199,316 | -€22,750 | -€222,067 |
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 15 October 2026 via checked.be.