L&S 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&S LOGISTICS
Largest movements
- Cash -€8,561
down €8,561 (-27.8%), from €30,799 to €22,238
mainly Contributions, distributions and other (-€27,987) and Tax, wage and social debts (-€1,811)
- Tangible fixed assets -€503
down €503 (-66.7%), from €755 to €252
- Reserves -€28,306
down €28,306 (-93.8%), from €30,166 to €1,861
of which Distributable reserves: -€28,306
- Contributions +€11,000
up €11,000 (+145%), from €7,600 to €18,600
- Other debts +€9,079
new in 2025: €9,079
- Tax, wage and social debts -€1,811
down €1,811 (-43.7%), from €4,144 to €2,332
- Trade debts +€679
up €679 (+89.0%), from €763 to €1,442
- Gross operating margin -€15,223
down €15,223 (-41.2%), from €36,937 to €21,714
- Financial charges +€2,774
up €2,774 (+374%), from €742 to €3,516
- Taxes -€2,315
down €2,315 (-29.5%), from €7,840 to €5,525
- Other operating charges +€1,591
new in 2025: €1,591
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 | €43,755 | €34,598 | -€9,157 | -20.9% |
| Fixed assets | 21/28 | €755 | €252 | -€503 | -66.7% |
| Tangible fixed assets | 22/27 | €755 | €252 | -€503 | -66.7% |
| Furniture and vehicles | 24 | €755 | €252 | -€503 | -66.7% |
| Current assets | 29/58 | €43,000 | €34,346 | -€8,654 | -20.1% |
| Amounts receivable within one year | 40/41 | €11,855 | €12,109 | +€253 | +2.1% |
| Trade receivables | 40 | €9,170 | €9,170 | = | 0.0% |
| Other amounts receivable | 41 | €2,686 | €2,939 | +€253 | +9.4% |
| Cash at bank and in hand | 54/58 | €30,799 | €22,238 | -€8,561 | -27.8% |
| Deferred charges and accrued income | 490/1 | €346 | - | -€346 | |
| Total equity and liabilities | 10/49 | €43,755 | €34,598 | -€9,157 | -20.9% |
| Equity | 10/15 | €37,766 | €20,461 | -€17,306 | -45.8% |
| Contributions | 10/11 | €7,600 | €18,600 | +€11,000 | +145% |
| Reserves | 13 | €30,166 | €1,861 | -€28,306 | -93.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €28,306 | €1 | -€28,306 | -100.0% |
| Amounts payable | 17/49 | €5,988 | €14,137 | +€8,149 | +136% |
| Amounts payable within one year | 42/48 | €5,988 | €14,137 | +€8,149 | +136% |
| Current portion of amounts payable after more than one year | 42 | €1,082 | €1,285 | +€202 | +18.7% |
| Trade debts | 44 | €763 | €1,442 | +€679 | +89.0% |
| Suppliers | 440/4 | €763 | €1,442 | +€679 | +89.0% |
| Taxes, remuneration and social security | 45 | €4,144 | €2,332 | -€1,811 | -43.7% |
| Taxes | 450/3 | €4,144 | €2,332 | -€1,811 | -43.7% |
| Other amounts payable | 47/48 | - | €9,079 | +€9,079 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €532 | €503 | -€29 | -5.5% |
| Other operating charges | 640/8 | - | €1,591 | +€1,591 | |
| Gross operating margin | 9900 | €36,937 | €21,714 | -€15,223 | -41.2% |
| Operating profit (loss) | 9901 | €36,405 | €19,621 | -€16,784 | -46.1% |
| Financial income | 75/76B | €93 | €101 | +€8 | +8.7% |
| Recurring financial income | 75 | €93 | €101 | +€8 | +8.7% |
| Financial charges | 65/66B | €742 | €3,516 | +€2,774 | +374% |
| Recurring financial charges | 65 | €742 | €3,516 | +€2,774 | +374% |
| Profit (loss) for the period before taxes | 9903 | €35,756 | €16,207 | -€19,550 | -54.7% |
| Income taxes | 67/77 | €7,840 | €5,525 | -€2,315 | -29.5% |
| Profit (loss) for the period | 9904 | €27,916 | €10,681 | -€17,235 | -61.7% |
| Profit (loss) for the period to be appropriated | 9905 | €27,916 | €10,681 | -€17,235 | -61.7% |
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 22 October 2026 via checked.be.